Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 132

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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5 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 in 2028707 Due in 2029686 Total time deposits$5,693 

Note 9—Debt

Senior Unsecured NotesIn 2024 and 2025, we issued and sold senior unsecured notes (the "Notes") in an aggregate principal amount of $65 million, including $15 million during the three months ended March 31, 2025. The Notes have a five-year term, maturing September 15, 2029. The principal amounts bear interest at a fixed rate of 8.75% per annum, payable semi-annually in arrears.Prior to March 15, 2029, we may redeem at our option, the Notes in whole or in part at any time at a redemption price equal to 100% of the outstanding principal amount to be redeemed, together with accrued but unpaid interest thereon, plus a make-whole amount. On and after March 15, 2029, we may redeem the Notes at 100% of the principal amount, plus accrued and unpaid interest thereon.The