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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
67
Note 4—Accounts Receivable
Accounts receivable, net consisted of the following:
December 31, 2013 December 31, 2012
(In thousands)
Overdrawn account balances due from cardholders $14,749 $24,328
Reserve for uncollectible overdrawn accounts (10,363) (15,677)
Net overdrawn account balances due from cardholders 4,386 8,651
Trade receivables 4,302 5,686
Reserve for uncollectible trade receivables (42)(69)
Net trade receivables 4,260 5,617
Receivables due from card issuing banks 42,137 33,729
Other receivables 1,514 3,375
Accounts receivable, net $52,297 $51,372
Activity in the reserve for uncollectible overdrawn accounts consisted of the following:
Year Ended December 31,
2013 2012 2011
(In thousands)
Balance, beginning of period $15,677 $15,309 $11,823
Provision for uncollectible overdrawn accounts:
Fees 45,048 59,445 55,048
Purchase transactions 2,225 2,900 5,514
Charge-offs (52,587) (61,977) (57,076)
Balance, end of period $10,363 $15,677 $15,309
Note 5—Loans to Bank Customers
The following table presents total outstanding loans, gross of the related allowance for loan losses, 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 Total
Outstanding
(In thousands)
December 31, 2013
Real estate $ — $ — $ 11 $ 11 $ 3,372 $3,383
Commercial — — — — 1,474 1,474
Installment — — 3 3 2,506 2,509
Total loans $ — $ — $ 14 $ 14 $ 7,352 $7,366
Percentage of outstanding —% —% 0.2% 0.2% 99.8%100.0%
December 31, 2012
Real estate $ 91 $ — $ — $ 91 $ 3,465 $3,556
Commercial 77 — — 77 1,102 1,179
Installment 22 3 — 25 3,267 3,292
Total loans $ 190 $ 3 $ — $ 193 $7,834 $8,027
Percentage of outstanding 2.4% —% —% 2.4% 97.6%100.0%