Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 153

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 153
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 bonds$— $9,890 $— $9,890 Agency bond securities— 202,496 — 202,496 Agency mortgage-backed securities— 1,797,573 — 1,797,573 Municipal bonds— 22,843 — 22,843 Loans held for sale— — 3,849 3,849 Total assets$— $2,032,802 $3,849 $2,036,651 December 31, 2023AssetsInvestment securities:Corporate bonds$— $9,626 $— $9,626 Agency bond securities— 200,230 — 200,230 Agency mortgage-backed securities— 2,003,510 — 2,003,510 Municipal bonds— 23,635 — 23,635 Loans held for sale— — 4,735 4,735 Total assets$— $2,237,001 $4,735 $2,241,736 We based the fair value of our fixed income securities held as of December 31, 2024 and 2023 on either quoted prices in active markets for similar assets or identical securities in inactive markets. We had no transfers between Level 1, Level 2 or Level 3 assets or liabilities during the years ended December 31, 2024 and 2023.The following table presents changes in our contingent consideration payable for the years ended December 31, 2024, 2023 and 2022, which is categorized in Level 3 of the fair value hierarchy:Year Ended December 31,202420232022(In thousands)Balance, beginning of period$— $— $1,347 Payments of contingent consideration— — (1,647)Change in fair value of contingent consideration— — 300 Balance, end of period$— $— $— We had no remaining balance outstanding on our contingent consideration payable as of December 31, 2022.A reconciliation of changes in fair value for Level 3 assets or liabilities are not considered material to these consolidated financial statements and therefore are not presented for any of the periods presented.

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 17—Fair Value of Financial Instruments