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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
67
Note 4—Accounts Receivable (continued)
Activity in the reserve for uncollectible overdrawn accounts consisted of the following:
Year Ended December 31,
2012 2011 2010
(In thousands)
Balance, beginning of period $15,309 $11,823 $7,460
Provision for uncollectible overdrawn accounts:
Fees 59,445 55,048 43,634
Purchase transactions 2,900 5,514 2,459
Charge-offs (61,397) (57,076) (41,730)
Balance, end of period $16,257 $15,309 $11,823
Note 5—Loans to Bank Customers
The following table presents total outstanding loans and a summary of the related payment status:
30-59 Days
Past Due 60-89 Days
Past Due
90 Days or
More Past
Due Total Past
Due
Total
Current or
Less Than
30 Days
Past Due
Purchased
Credit-
Impaired
Loans Total
Outstanding
December 31, 2012 (In thousands)
Real estate $ 88 $ — $ — $ 88 $ 3,139 $106 $3,333
Commercial — — — — 1,079 51,084
Installment 1 1 — 2 2,976 157 3,135
Total loans $ 89 $ 1 $ — $ 90 $ 7,194 $268 $7,552
Percentage of outstanding 1.18% 0.01% —% 1.19%95.26%3.55%100.00%
December 31, 2011
Real estate $ — $ — $ — $ — $ 4,983 $503 $5,486
Commercial 2 — — 2 1,371 44 1,417
Installment — — — — 2,881 252 3,133
Total loans $ 2 $ — $ — $ 2 $ 9,235 $799 $10,036
Percentage of outstanding 0.02% —% —% 0.02%92.02%7.96%100.00%
Nonperforming Loans
The following table presents our nonperforming loans, including impaired loans other than purchased credit-
impaired, or PCI, loans. See Note 2–Summary of Significant Accounting Policies for further information on the criteria
for classification as nonperforming.
December 31,
2012 2011
(In thousands)
Real estate $8$—
Commercial 244 —
Installment 135 —
Total loans $387 $—
Credit Quality Indicators
We closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We
continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as
the primary credit quality indicator. Classified loans are those loans that have demonstrated credit weakness where
we believe there is a heightened risk of principal loss, including all impaired loans. Classified loans are generally
internally categorized as substandard, doubtful or loss consistent with regulatory guidelines.