Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 67

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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25,684)$153,542 $(25,684)Agency mortgage-backed securities117,109 (469)1,076,985 (247,373)1,194,094 (247,842)Municipal bonds— — 22,365 (6,454)22,365 (6,454)Asset-backed securities50,583 (204)— — 50,583 (204)Total investment securities$167,692 $(673)$1,252,892 $(279,511)$1,420,584 $(280,184)December 31, 2024Corporate bonds$— $— $9,890 $(110)$9,890 $(110)Agency bond securities— — 202,496 (38,132)202,496 (38,132)Agency mortgage-backed securities15,311 (937)1,781,301 (322,530)1,796,612 (323,467)Municipal bonds— — 22,843 (6,273)22,843 (6,273)Total investment securities$15,311 $(937)$2,016,530 $(367,045)$2,031,841 $(367,982)

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

Note 4—Investment Securities (continued)Our investments generally consist of highly rated securities, substantially all of which are directly or indirectly backed by the U.S. federal government, as our investment policy restricts our investments to highly liquid, low credit risk assets. As such, we have not recorded any credit-related impairment loss during the three and six months ended June 30, 2025 or 2024 on our available-for-sale investment securities. Unrealized losses as of June 30, 2025 and December 31, 2024 are the result of increases in interest rates relative to when they were purchased as our investment portfolio is comprised predominantly of fixed rate securities. Substantially all of the underlying securities within our investment portfolio were in an unrealized loss position as of June 30, 2025 and December 31, 2024 due to the timing of our investment purchases, as a significant portion of our investments were purchased prior to increases in interest rates by the Federal Reserve, and general volatility in market conditions.Except as disclosed below, we