v3.19.1
Deposits
12 Months Ended
Dec. 31, 2018
Banking and Thrift [Abstract]  
Deposits
Deposits
At December 31, 2018 and 2017, total deposits were $1.44 billion and $1.25 billion, respectively, and total interest-bearing deposits were $1.11 billion and $932.3 million, respectively. The aggregate amount of deposits reclassified as loans, such as overdrafts, was $210 thousand and $69 thousand at December 31, 2018 and 2017, respectively.
The Company had California State Treasurer’s deposits of $100.0 million in time deposits of more than $250,000 at both December 31, 2018 and 2017. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. At December 31, 2018 and 2017, the Company pledged securities with amortized cost of $112.2 million and $109.9 million, respectively, for the California State Treasurer’s deposits. At December 31, 2018 and 2017, the Company had brokered deposits of $42.5 million and $52.5 million, respectively.
Deposits from certain officers, directors and their related interests with which they are associated held by the Company were $6.0 million and $8.9 million at December 31, 2018 and 2017, respectively.
The following table presents scheduled maturities of time deposits as of December 31, 2018:
($ in thousands)
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
 
Total
Time deposits of $250,000 or less
 
$
475,864

 
$
37,787

 
$
3,694

 
$
1,778

 
$
511

 
$

 
$
519,634

Time deposits of more than $250,000
 
268,951

 
12,288

 

 

 

 

 
281,239

Total time deposits
 
$
744,815

 
$
50,075

 
$
3,694

 
$
1,778

 
$
511

 
$

 
$
800,873