Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 127

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 reduction of the amortized cost basis for each security and are reflected as a component of other expense, net on our consolidated statements of operations.As of March 31, 2025, the contractual maturities of our available-for-sale investment securities were as follows:Amortized costFair value(In thousands)Due in one year or less$102,067 $102,037 Due after one year through five years86,247 80,042 Due after five years through ten years117,226 99,530 Due after ten years53,824 41,642 Mortgage and asset-backed securities2,043,309 1,781,033 Total investment securities$2,402,673 $2,104,284 

The expected payments on mortgage-backed and asset-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations. 

Note 5—Accounts Receivable

Accounts receivable, net consisted of the following:March 31, 2025December 31, 2024 (In thousands)Trade receivables$43,591 $35,426 Reserve for uncollectible trade receivables(34)— Net trade receivables43,557 35,426 Overdrawn accountholder balances from purchase transactions6,257 5,827 Reserve for uncollectible overdrawn accounts from purchase transactions(1,835)(1,741)Net overdrawn accountholder balances from purchase transactions4,422 4,086 Accountholder fees2,255 2,413 Receivables due from card issuing banks1,628 1,757 Fee advances, net4,507 46,588 Other receivables72,275 41,737 Accounts receivable, net$128,644 $132,007 Activity in the reserve for uncollectible overdrawn accounts from purchase transactions consisted of the following: Three Months Ended March 31, 20252024 (In thousands)Balance, beginning of period$1,741 $5,281 Provision for uncollectible overdrawn accounts from purchase transactions2,864 7,623 Charge-offs(2,770)(8,761)Balance, end of period$1,835 $4,143 

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED