Green Dot 2014 Annual Report Download - page 52

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Statistical Disclosure by Bank Holding Companies
As discussed in Part„I, Item 1. Business, we became a bank holding company in December 2011. This section
presents information required by the SEC’s Industry Guide 3, “Statistical Disclosure by Bank Holding Companies.”
The tables in this section include Green Dot Bank information only.
Distribution of Assets, Liabilities and Stockholders' Equity
The following table presents average balance data and interest income and expense data for our banking
operations, as well as the related interest yields and rates for the years ended December„31, 2014 and 2013 and
average balance data for the period ended December„31, 2012:
Year ended December 31,
Period ended
December 31,
2014 2013 2012
Average
balance
Interest
income/
interest
expense
Yield/
rate
Average
balance
Interest
income/
interest
expense
Yield/
rate
Average
balance
(In thousands, except percentages)
Assets
Interest-bearing assets
Loans (1) . . . . . . . . . . . . . . . . $7,154 $553 7.7%$7,676 $664 8.7% $ 8,576
Taxable investment
securities . . . . . . . . . . . . . . . . 53,280 506 0.9 19,415 161 0.8 4,969
Non-taxable investment
securities . . . . . . . . . . . . . . . . 1,029 22 2.1 1,539 32 2.1 2,155
Federal reserve stock . . . . . . 3,481 213 6.1 1,603 97 6.1 561
Federal funds sold. . . . . . . . . 380 1 0.3 1,561 2 0.1 2,218
Cash . . . . . . . . . . . . . . . . . . . 642,608 1,606 0.2 310,552 805 0.3 77,654
Total interest-bearing assets . . . . 707,932 2,901 0.4%342,346 1,761 0.5%96,133
Non-interest bearing assets . . . . 64,632 53,792 14,940
Total assets . . . . . . . . . . . . . . . . . $772,564 $396,138 $111,073
Liabilities
Interest-bearing liabilities
Negotiable order of
withdrawal (NOW) . . . . . . . . . $6,820 $10 0.1%$1,607 $10 0.6% $ 1,650
Savings deposits . . . . . . . . . . 1,338 1 0.1 6,231 2 — 6,742
Time deposits,
denominations greater than
or equal to $100 . . . . . . . . . . 5,735 38 0.7 5,825 40 0.7 6,642
Time deposits,
denominations less than
$100 . . . . . . . . . . . . . . . . . . . 1,806 15 0.8 2,288 13 0.6 3,031
Total interest-bearing liabilities . . 15,699 64 0.4%15,951 65 0.4%18,065
Non-interest bearing liabilities . . . 626,110 314,002 58,176
Total liabilities . . . . . . . . . . . . . . . 641,809 329,953 76,241
Total stockholders' equity . . . . . . 130,755 66,185 34,832
Total liabilities and stockholders'
equity. . . . . . . . . . . . . . . . . . . . . . $772,564 $396,138 $111,073
Net interest income/yield on
earning assets . . . . . . . . . . . . . . . $2,837 0.0%$1,696 0.1%
___________
(1) Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such
loans and leases is recognized on a cash basis.
44