Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 77

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 the diluted EPS calculation: Three Months Ended March 31, 20252024(In thousands)Class A common stockOptions to purchase Class A common stock— 1,009 Service-based restricted stock units602 1,278 Performance-based restricted stock units717 141 Total 1,319 2,428 

Note 14—Fair Value Measurements

Under applicable accounting guidance, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs used to measure fair value. For more information regarding the fair value hierarchy and how we measure fair value, see Note 2–Summary of Significant Accounting Policies to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2024.As of March 31, 2025 and December 31, 2024, our assets carried at fair value on a recurring basis were as follows:Level 1Level 2Level 3Total Fair ValueMarch 31, 2025(In thousands)AssetsInvestment securities:Corporate bonds$— $9,970 $— $9,970 Agency bond securities— 207,976 — 207,976 Agency mortgage-backed securities— 1,863,389 — 1,863,389 Municipal bonds— 22,949 — 22,949 Loans held for sale— — 3,594 3,594 Total assets$— $2,104,284 $3,594 $2,107,878 December 31, 2024AssetsInvestment securities:Corporate bonds$— $9,890 $— $9,890 Agency bond securities— 202,496 — 202,496 Agency mortgage-backed securities— 1,797,573 — 1,797,573 Municipal bonds— 22,843 — 22,843 Loans held for sale— — 3,849 3,849 Total assets$