Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 136

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 136
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— — — — 2,716 2,716 Installment— — — — 4,357 4,357 Consumer2,066 — — 2,066 17,953 20,019 Secured credit card796 774 2,575 4,145 5,585 9,730 Total loans$2,862 $774 $2,575 $6,211 $35,706 $41,917 Percentage of outstanding6.8 %1.9 %6.1 %14.8 %85.2 %100.0 %A portion of our secured credit card portfolio is classified as loans held for sale. These loans are included in the long-term portion of prepaid and other assets on our consolidated balance sheets. Changes in valuation allowances are recorded as a component of other income and expenses on our consolidated statements of operations. As of December 31, 2024 and 2023, the fair value of the loans held for sale amounted to approximately $3.8 million and $4.7 million, respectively.Nonperforming LoansThe following table presents the carrying value, gross of the related allowance for credit losses, of our nonperforming loans. See Note 2—Summary of Significant Accounting Policies for further information on the criteria for classification as nonperforming.

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

Note 6—Loans to Bank Customers (continued)December 31, 2024December 31, 2023(In thousands)Residential$34 $49 Installment— 79 Secured credit card2,536 2,575 Total loans$2,570 $2,703 Credit Quality IndicatorsWe closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as the primary credit quality indicator. Classified loans include those designated as substandard, doubtful, or loss, consistent with regulatory guidelines. Secured credit card loans are considered classified if they are greater than 90 days past due. However, our secured credit card portfolio is collateralized by cash deposits made by each accountholder in an amount equal to the user's available credit limit, which mitigates the risk of any significant credit