Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 139

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 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 $— $9,890 Agency bond securities— 202,496 — 202,496 Agency mortgage-backed securities— 1,797,573 — 1,797,573 Municipal bonds— 22,843 — 22,843 Loans held for sale— — 3,849 3,849 Total assets$— $2,032,802 $3,849 $2,036,651 We based the fair value of our fixed income securities held as of March 31, 2025 and December 31, 2024 on quoted prices in active markets for similar assets. We had no transfers between Level 1, Level 2 or Level 3 assets or liabilities during the three months ended March 31, 2025 or 2024. 

A reconciliation of changes in fair value for Level 3 assets or liabilities are not considered material to these consolidated financial statements and therefore are not presented for any of the periods presented. 

17

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

Note 15—Fair Value of Financial Instruments

The following describes the valuation technique for determining the fair value of financial instruments, whether or not such instruments are carried at fair value on our consolidated balance sheets.Short-term Financial InstrumentsOur short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, settlement assets and obligations, and obligations