Green Dot 2013 Annual Report Download - page 73

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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
66
Note 3 — Investment Securities (continued)
As of December 31, 2013 and December 31, 2012, 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
(In thousands)
December 31, 2013
Corporate bonds $ 24,104 $ (13) $ — $ — $ 24,104 $(13)
Commercial paper 4,490 (1) — — 4,490 (1)
U.S. Treasury notes 5,212 (1) — — 5,212 (1)
Mortgage-backed securities 4,002 (168) — — 4,002 (168)
Municipal bonds 8,546 (14) — — 8,546 (14)
Asset-backed securities 11,797 (5) — — $ 11,797 $ (5)
Total investment securities $ 58,151 $ (202) $ — $ — $ 58,151 $(202)
December 31, 2012
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 investment securities $ 20,432 $ (8) $ — $ — $ 20,432 $ (8)
We did not record any other-than-temporary impairment losses during the years ended December 31, 2013 and
2012 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, 2013, 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 $ 115,166 $ 116,159
Due after one year through five years 56,644 56,700
Due after five years through ten years 590 588
Due after ten years 500 496
Mortgage and asset-backed securities 25,919 24,801
Total investment securities $ 198,819 $ 198,744
The expected payments on mortgage-backed and asset-backed securities may not coincide with their contractual
maturities because the issuers have the right to call or prepay certain obligations.