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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)
Note 3—Investment Securities (continued)
64
The following table presents the amortized cost, gross unrealized gains and losses and fair value for investments
securities aggregated by major security type:
Amortized
cost
Gross
unrealized
gains
Gross
unrealized
losses Fair Value
(In thousands)
December 31, 2011
Corporate bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,307 $ 27 $ (1) $ 16,333
Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,998 1 — 4,999
Negotiable certificate of deposit . . . . . . . . . . . . . . . . . . . . . 3,500 — — 3,500
Agency securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,979 12 (4) 3,987
Municipal bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,379 13 (1) 2,391
Total fixed income securities . . . . . . . . . . . . . . . . . . . . . . . . $ 31,163 $ 53 $ (6) $ 31,210
We had no investment securities as of December 31, 2010.
The following table summarizes the gross unrealized losses and fair value of fixed income securities by the length
of time that individual securities have been in a continuous unrealized loss position:
Less Than 12 Months 12 Months or More
Total
Fair Value
Total
Unrealized
LossFair Value
Unrealized
Loss Fair Value
Unrealized
Loss
(In thousands)
December 31, 2011
Fixed income securities
Corporate bonds. . . . . $2,999$(1)$—$—$2,999$(1)
Agency securities . . . . 1,663 (4) — — 1,663 (4)
Municipal bonds . . . . . 324 (1) — — 324 (1)
Total fixed income
securities . . . . . . . . . . . $4,986$ (6)$—$—$4,986$(6)
We did not record any other-than-temporary impairment losses during the year ended December 31, 2011 because
we do not intend to sell these investments and it is more likely than not that we will not be required to sell these
investments before recovery of their amortized cost bases, which may be at maturity.
The scheduled maturities of our fixed income securities are as follows:
Amortized
Cost Fair Value
(In thousands)
December 31, 2011
Due in one year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,001$5,999
Due after one year through five years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,178 21,205
Due after five years through ten years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,042 3,056
Due after ten years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 942 950
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 31,163 $ 31,210
Fair value is the price that would be received from selling an asset in an orderly transaction between market
participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the
inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest
level of input that is available and significant to the fair value measurement:
Level 1 – Quoted prices in active markets for identical assets or liabilities.
Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted
prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be