Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 161

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 161
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%10.0 %Green Dot Bank:Tier 1 leverage$362,697 7.3 %4.0 %5.0 %Common equity Tier 1 capital$362,697 28.2 %4.5 %6.5 %Tier 1 capital$362,697 28.2 %6.0 %8.0 %Total risk-based capital$370,207 28.8 %8.0 %10.0 %December 31, 2023AmountRatioRegulatory Minimum"Well-capitalized" Minimum(In thousands, except ratios)Green Dot Corporation:Tier 1 leverage$730,459 17.9 %4.0 %n/aCommon equity Tier 1 capital$730,459 38.0 %4.5 %n/aTier 1 capital $730,459 38.0 %6.0 %6.0 %Total risk-based capital$749,623 39.0 %8.0 %10.0 %Green Dot Bank:Tier 1 leverage$404,559 9.8 %4.0 %5.0 %Common equity Tier 1 capital$404,559 27.8 %4.5 %6.5 %Tier 1 capital$404,559 27.8 %6.0 %8.0 %Total risk-based capital$412,966 28.4 %8.0 %10.0 %In addition, Green Dot Bank is subject to regulatory restrictions that limit its ability to issue capital distributions, such as cash dividends, as it is required to maintain minimum levels of capital adequacy. As of December 31, 2024, the aggregate amount of net assets we determined were restricted at our bank was approximately $82.4 million.

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

Note 24—Segment Information

Our Chief Operating Decision Maker (our “CODM” who is our Chief Executive Officer) organizes and manages our businesses primarily on the basis of the channels in which our product and services are offered and uses net revenue and segment profit to assess profitability, segment performance and allocate resources. Segment profit reflects each segment's net revenue less direct costs, such as sales and marketing expenses, processing expenses, transaction losses and fraud management,