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DEPOSITS | 12 Months Ended
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Dec. 31, 2020
Deposits [Abstract] |
DEPOSITS | DEPOSITS The following table presents the components of deposits as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2020 |  | 2019
Noninterest-bearing deposits |  | $ | 1,559,248 |  |  | $ | 1,088,516 |
Interest-bearing deposits |  |  |  |
Interest-bearing demand deposits |  | 2,107,942 |  |  | 1,533,882 |
Money market accounts |  | 714,297 |  |  | 715,479 |
Savings accounts |  | 932,363 |  |  | 885,246 |
Certificates of deposit of $250,000 or less |  | 316,585 |  |  | 582,772 |
Certificates of deposit of more than $250,000 |  | 455,365 |  |  | 621,272 |
Total interest-bearing deposits |  | 4,526,552 |  |  | 4,338,651 |
Total deposits |  | $ | 6,085,800 |  |  | $ | 5,427,167 |
The aggregate amount of deposits reclassified as loans, such as overdrafts, was $441 thousand and $300 thousand at December 31, 2020 and 2019. We had California State Treasurer’s deposits of $300.0 million, and accrued interest on these deposits, in certificates of deposit of more than $250,000 at both December 31, 2020 and 2019. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. In addition, we had other public deposits of $24.4 million and $23.3 million at December 31, 2020 and 2019. At December 31, 2020 and 2019, we provided letters of credit of $335.0 million and $330.0 million through the FHLB of San Francisco as collateral for California State Treasurer’s deposits and other public deposits. There were no securities with carrying values pledged as collateral for these deposits at December 31, 2020 and 2019. The following table presents a summary of brokered deposits as of the dates indicated:
|  | December 31,
($ in thousands) |  | 2020 |  | 2019
Interest-bearing demand deposits |  | $ | — |  |  | $ | — |
Money market accounts |  | 10,000 |  |  | 10,000 |
Certificates of deposit of $250,000 or less |  | 16,223 |  |  | — |
Certificates of deposit of more than $250,000 |  | — |  |  | — |
Total brokered deposits |  | $ | 26,223 |  |  | $ | 10,000 |
The following table presents scheduled maturities of certificates of deposit as of December 31, 2020:
($ in thousands) |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | Total
Certificates of deposit of $250,000 or less |  | $ | 269,858 |  |  | $ | 39,563 |  |  | $ | 3,776 |  |  | $ | 1,674 |  |  | $ | 1,714 |  |  | $ | 316,585 |
Certificates of deposit of more than $250,000 |  | 413,130 |  |  | 41,412 |  |  | 823 |  |  | — |  |  | — |  |  | 455,365 |
Total certificates of deposit |  | $ | 682,988 |  |  | $ | 80,975 |  |  | $ | 4,599 |  |  | $ | 1,674 |  |  | $ | 1,714 |  |  | $ | 771,950 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- References No definition available. + Details
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