Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 157

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 at June 30, 2025 approximates fair value because the interest rate charged is commensurate with current market rates for issuers of similar risk. The fair value of the Notes are classified as a Level 2 liability in the fair value hierarchy.Fair Value of Financial InstrumentsThe carrying values and fair values of certain financial instruments that were not carried at fair value, excluding short-term financial instruments for which the carrying value approximates fair value, at June 30, 2025 and December 31, 2024 are presented in the table below.June 30, 2025December 31, 2024Carrying ValueFair ValueCarrying ValueFair Value(In thousands)Financial AssetsLoans to bank customers, net of allowance$34,616 $34,343 $31,961 $31,705 Financial LiabilitiesDeposits$4,096,701 $4,096,379 $4,010,520 $4,010,185 

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

Note 16—Leases 

Our leases consist of operating lease agreements principally related to our subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of approximately 2 years to 8 years, most of which generally include renewal options of varying terms. Our total lease expense amounted to approximately $0.9 million for each of the three months ended June 30, 2025 and 2024, and $1.8 million for each of the six months ended June 30, 2025 and 2024. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material.Additional InformationAdditional information related to our right of use assets and related lease liabilities is as follows: June 30, 2025Cash paid for operating lease liabilities (in thousands)$1,254 Weighted average remaining lease term (years)3.83Weighted average discount rate4.0 %Maturities of our operating lease liabilities as of June 30, 2025 are as follows:Operating Leases(In thousands)Remainder of 2025$2,872 20263,242 20273,212 20281,676 2029271 Thereafter904 Total12