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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
66
Note 3 — Investment Securities (continued)
As of December 31, 2012 and December 31, 2011, the gross unrealized losses and fair values of available-for-
sale investment securities that were in unrealized loss positions were as follows:
Less than 12 months 12 months or more
Total
fair value Total
unrealized lossFair value Unrealized
loss Fair value Unrealized
loss
December 31, 2012 (In thousands)
Fixed income securities
Corporate bonds $ 6,138 $(2) $ — $ — $ 6,138 $ (2)
Commercial paper 6,390 (2) — — 6,390 (2)
Agency securities 6,302 (1) — — 6,302 (1)
Municipal bonds 1,602 (3) — — 1,602 (3)
Total fixed income securities $ 20,432 $ (8) $ — $ — $ 20,432 $ (8)
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 years ended December 31, 2012 or
2011 on our available-for-sale investment securities. We do not intend to sell these investments or we have determined
that 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.
As of December 31, 2012, the contractual maturities of our available-for-sale investment securities were as follows:
Amortized cost Fair value
(In thousands)
Due in one year or less $ 115,195 $ 115,244
Due after one year through five years 40,456 40,516
Due after five years through ten years 1,433 1,461
Due after ten years — —
Asset-backed securities 26,533 26,566
Total fixed income securities $ 183,617 $ 183,787
Note 4—Accounts Receivable
Accounts receivable, net consisted of the following:
December 31,
2012 2011
(In thousands)
Overdrawn account balances due from cardholders $24,328 $22,139
Reserve for uncollectible overdrawn accounts (16,257) (15,309)
Net overdrawn account balances due from cardholders 8,071 6,830
Trade receivables 5,686 5,574
Reserve for uncollectible trade receivables (69)(453)
Net trade receivables 5,617 5,121
Receivables due from card issuing banks 33,729 28,812
Other receivables 3,375 4,691
Accounts receivable, net $50,792 $45,454