Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 151

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 8—Deposits

Deposits are categorized as non-interest bearing or interest-bearing deposit accounts as follows:September 30, 2025December 31, 2024(In thousands)Non-interest bearing deposit accounts$4,078,590 $3,905,603 Interest-bearing deposit accountsChecking accounts121,619 89,256 Savings6,227 6,270 Secured card deposits3,044 3,659 Time deposits, denominations greater than or equal to $2503,670 2,132 Time deposits, denominations less than $2502,190 3,600 Total interest-bearing deposit accounts136,750 104,917 Total deposits$4,215,340 $4,010,520 The scheduled contractual maturities for total time deposits are presented in the table below:September 30, 2025(In thousands)Due in 2025$1,219 Due in 20261,239 Due in 20271,848 Due in 2028746 Due in 2029692 Thereafter116 Total time deposits$5,860 

Note 9—Debt

Senior Unsecured NotesIn 2024 and 2025, we issued and sold senior unsecured notes (the "Notes") in an aggregate principal amount of $65 million. The Notes have a five-year term, maturing September 15, 2029. The principal amounts bear interest at a fixed rate of 8.75% per annum, payable semi-annually in arrears.Prior to March 15, 2029, we may redeem at our option, the Notes in whole or in part at any time at a redemption price equal to 100% of the outstanding principal amount to be redeemed, together with accrued but unpaid interest thereon, plus a make-whole amount. On and after March 15, 2029, we may redeem the Notes at 100% of the principal amount, plus accrued and unpaid interest thereon.The Notes are unsecured, senior obligations and are not guaranteed by any of our subsidiaries. The Notes are junior in right of payment to existing and future secured indebtedness. As of September 30, 2025, we were in compliance with all affirmative and negative non-financial covenants thereunder. The