Green Dot 2013 Annual Report Download - page 53

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46
Loan Portfolio
The aggregate loan portfolio carrying value, gross of the related allowance for loan losses, totaled $7.4 million at
December 31, 2013 or a 8% decrease compared to December 31, 2012. The following table shows the composition
of Green Dot Bank’s loan portfolio as of December 31, 2013, 2012 and 2011:
As of December 31,
2013 2012 2011
(In thousands)
Real estate $3,383 $3,556 5,486
Commercial 1,474 1,179 1,417
Installment 2,509 3,292 3,133
Total loans 7,366 8,027 10,036
Loans on nonaccrual status 473 405 —
Loans past due 90 days or more —— —
Total TDR 296 295 —
The following table presents a maturity distribution for selected loan categories. This table excludes real estate
loans and installment loans as of December 31, 2013:
Due in one year
or less Due after one year
through five years Due after five
years Total
(In thousands)
Commercial
Fixed rate 1,333 50 — 1,383
Floating rate —91 —91
Allowance for Loan Losses
The allowance for loan losses totaled $0.5 million and $0.5 million at December 31, 2013 and 2012, respectively.
The consistent balance in the allowance for loan losses during the year ended December 31, 2013 was primarily due
to the identification of several impaired loans and applying specific reserves to cover their potential losses. Refer to
Note 2 - Summary of Significant Accounting Policies in Item 8 of this report for our accounting policy on allowance for
loan losses.