Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 84

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 84
---
 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 

20

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 Total12,177 Less: imputed interest(2,130)Total lease liabilities$10,047 

Note 17—Commitments and Contingencies

In the ordinary course of business, we are a party to various legal proceedings, including, from time to time, regulatory, supervisory, and governmental matters as well as actions which are asserted to be maintainable as class action suits, employment claims, and or enforcement actions. We review these actions on an ongoing basis to determine whether it is probable and estimable that a loss has occurred