Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 101

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 101
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2:

December 31, 2024December 31, 2023December 31, 2022Average BalanceWeighted-Average RateAverage BalanceWeighted-Average RateAverage BalanceWeighted-Average Rate(In thousands, except percentages)Interest-bearing deposit accountsChecking accounts$66,106 6.6 %$1,461 0.5 %$2,204 1.7 %Savings deposits21,726 0.1 23,945 0.1 16,004 0.8 Time deposits, denominations greater than or equal to $2501,640 3.3 1,320 2.0 1,833 2.2 Time deposits, denominations less than $2504,258 2.6 3,599 1.6 3,313 0.9 Total interest-bearing deposit accounts93,730 4.9 %30,325 0.3 %23,354 1.0 %Non-interest bearing deposit accounts3,746,910 3,220,323 3,286,137 Total deposits$3,840,640 $3,250,648 $3,309,491 

Our aggregate deposits in denominations that met or exceeded FDIC limits were approximately $116 million, $228 million and $83 million as of December 31, 2024, 2023 and 2022, respectively. Our time deposits portfolio in excess of FDIC limits is not material at December 31, 2024.

Key Financial and Credit Ratios

The following tables show certain of Green Dot Bank’s key financial and credit ratios for the years ended December 31, 2024, 2023, and 2022:

December 31, 2024December 31, 2023December 31, 2022Net return on assets1.3 %2.3 %3.3 %Net return on equity48.7 104.2 79.2 Equity to assets ratio2.7 2.2 4.2 Allowance for credit losses to total loans outstanding35.4 27.2 29.8 Nonaccrual loans to total loans outstanding 5.1 6.1 7.3 Allowance for credit losses to nonaccrual loans 691.7 442.1 405.4