Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 70

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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, and is included in the long-term portion of prepaid expenses and other assets on our consolidated balance sheets. Based on the terms of the agreement, we recorded equity in losses attributable to TailFin of approximately $2.8 million and $3.1 million for the three months ended March 31, 2025 and 2024, respectively. These amounts are recorded as a component of other expense, net on our consolidated statements of operations. The following table presents summarized financial information of TailFin's statements of operations.March 31,20252024(In thousands)Interest income$1,269 $1,468 Sales and marketing expenses(2,229)(3,303)Compensation and professional services(1,798)(1,295)Net loss$(2,758)$(3,130)Refer to Note 20 - Subsequent Event for additional disclosure regarding our relationship with Walmart and our investment in Tailfin.Other equity method investmentsOur equity method investments also include an investment held by our bank, which amounted to $3.2 million as of March 31, 2025 and December 31, 2024. Equity in earnings from this investment for the three months ended March 31, 2025 and 2024 were not significant.

Note 8—Deposits

Deposits are categorized as non-interest bearing or interest-bearing deposit accounts as follows:March 31, 2025December 31, 2024(In thousands)Non-interest bearing deposit accounts$4,015,312 $3,905,603 Interest-bearing deposit accountsChecking accounts135,172 89,256 Savings7,179 6,270 Secured card deposits3,517 3,659 Time deposits, denominations greater than or equal to $2503,151 2,132 Time deposits, denominations less than $2502,542 3,600 Total interest-bearing deposit accounts151,561 104,917 Total deposits$4,166,873 $4,010,520 

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

Note 8—Deposits (continued)The scheduled contractual maturities for total time deposits are presented in the table below:March 31, 2025(In thousands)Due in 2025$2,313 Due in 2026843 Due in 20271,144 Due