Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 147

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 147
---
 – (CONTINUED)

Note 7—Equity Method Investments (continued)The following table presents summarized financial information of TailFin's statements of operations.Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)Interest income$779 $1,679 $2,049 $3,147 Sales and marketing expenses(3,969)(2,681)(6,198)(5,984)Compensation and professional services(4,065)(3,782)(5,864)(5,077)Net loss(7,255)(4,784)(10,013)(7,914)Investor HLBV basis adjustment (1)(68,495)— (68,495)— Equity in losses attributable to TailFin$(75,750)$(4,784)$(78,508)$(7,914)(1)The incentive payment of $70 million has been recorded as a deferred asset on TailFin’s balance sheet and will be amortized over the revised term of the Agreements through 2033. Under the HLBV method and based on the terms of the agreement, we expensed the amount upon payment.Other equity method investmentsOur equity method investments also include an investment held by our bank, which amounted to $3.1 million and $3.2 million, respectively, as of June 30, 2025 and December 31, 2024. Equity in earnings from this investment for the three and six months ended June 30, 2025 and 2024 were not significant.

Note 8—Deposits

Deposits are categorized as non-interest bearing or interest-bearing deposit accounts as follows:June 30, 2025December 31, 2024(In thousands)Non-interest bearing deposit accounts$3,962,778 $3,905,603 Interest-bearing deposit accountsChecking accounts118,706 89,256 Savings6,118 6,270 Secured card deposits3,398 3,659 Time deposits, denominations greater than or equal to $2503,327 2,132 Time deposits, denominations less than $2502,374 3,600 Total interest-bearing deposit accounts133,923 104,917 Total deposits$4,096,701 $4,010,520 The scheduled contractual maturities for total time deposits are presented in the table below:June