Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 199

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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 requirements (and capital conservation buffer) under the U.S. Basel III rules provided that it has a Tier 1 leverage ratio greater than 9% and satisfies other applicable conditions. Green Dot Corporation and Green Dot Bank qualify for and opt into use of the community bank leverage ratio framework. We expect that Green Dot Corporation will continue to qualify for and use the community bank leverage ratio framework, and that Green Dot Bank will calculate and disclose its risk-based capital ratios and Tier 1 leverage ratio under standardized approach of the U.S. Basel III Rules.

As of June 30, 2025 and December 31, 2024, we and Green Dot Bank were categorized as "well-capitalized" under applicable regulatory standards. To be categorized as "well-capitalized," we and Green Dot Bank must maintain specific total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There were no conditions or events since June 30, 2025 which management believes would have changed our category as "well-capitalized." 

The definitions associated with the amounts and ratios below are as follows:

RatioDefinitionTier 1 leverage ratioTier 1 capital divided by average total assetsCommon equity Tier 1 capital ratioCommon equity Tier 1 capital divided by risk-weighted assetsTier 1 capital ratioTier 1 capital divided by risk-weighted assetsTotal risk-based capital ratioTotal capital divided by risk-weighted assetsTermsDefinitionTier 1 capital andCommon equity Tier 1 capitalIncludes common stock and retained earnings, adjusted for items primarily related to accumulated OCI, goodwill, deferred tax assets and intangibles. Total capitalTier 1 capital plus supplemental capital items such as the allowance for credit losses, subject to certain limitsAverage total assetsAverage total consolidated assets during the period less deductions and adjustments primarily related to goodwill, deferred tax assets and intangibles assetsRisk-weighted assetsRepresents the amount of assets or exposure multiplied by the standardized risk weight (%) associated with that type of asset or exposure. The standardized risk weights are prescribed in the bank capital rules and reflect regulatory judgment regarding the riskiness of a type of asset or exposure

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The actual amounts and ratios, and required "well-capitalized" minimum capital amounts and ratios at June 30, 2025 and December 31, 2024 were as follows:

June 30, 2025AmountRatioRegulatory Minimum"Well-capitalized" Minimum(In thousands, except ratios)Green Dot Corporation:Tier 1 leverage$760,052 14.0