Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 68

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 do not currently intend to sell our remaining investments, and we have determined that it is more likely than not that we will not be required to sell our investments before recovery of their amortized cost bases, which may be at maturity. In April 2025, we sold certain available-for-sale securities in order to reposition the proceeds into higher yielding assets. As a result, we recorded an estimated realized loss of $24.5 million during the three months ended March 31, 2025 because we no longer had the intent to hold the securities until recovery of their amortized cost bases as of the then balance sheet date. Total losses recognized upon final settlement of the securities sold amounted to $24.8 million, and are reflected as a component of other expense, net on our consolidated statement of operations for the six months ended June 30, 2025.As of June 30, 2025, the contractual maturities of our available-for-sale investment securities were as follows:Amortized costFair value(In thousands)Due after one year through five years$65,500 $58,559 Due after five years through ten years88,726 76,208 Due after ten years53,819 41,140 Mortgage and asset-backed securities1,609,636 1,361,751 Total investment securities$1,817,681 $1,537,658 

The expected payments on mortgage-backed and asset-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations. 

Note 5—Accounts Receivable

Accounts receivable, net consisted of the following:June 30, 2025December 31, 2024 (In thousands)Trade receivables$50,880 $35,426 Reserve for uncollectible trade receivables(44)— Net trade receivables50,836 35,426 Overdrawn accountholder balances from purchase transactions6,058 5,827 Reserve for uncollectible overdrawn accounts from purchase transactions(1,957)(1,741)Net overdrawn accountholder balances from purchase transactions4,101 4,086 Accountholder fees2,570 2,413 Receivables due from card issuing banks1,848 1,757 Fee advances, net3,232 46,588 Other receivables40,