Green Dot 2014 Annual Report Download - page 53

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The following table presents the rate/volume variance in interest income and expense for the year ended
December„31, 2014:
December 31, 2014
Total Change in
Interest Income/
Expense
Change Due to
Rate (1)
Change Due to
Volume (1)
(In thousands)
Loans $(111 ) $ (37) $ (74)
Taxable investment securities 345 143 202
Non-taxable investment securities (10)1 (11)
Federal reserve stock 116 4 112
Federal funds sold (1)1 (1)
Cash 801 (49)849
$1,140 $63 $1,077
Negotiable order of withdrawal (NOW) $—$—$—
Savings deposits — (1)1
Time deposits, denominations greater than or equal to $100 (3)— (3)
Time deposits, denominations less than $100 2 3 (1)
$(1) $ 2$(3)
___________
(1) The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis
to the volume and rate columns.
Investment Portfolio
The following table presents the amortized cost and fair value of Green Dot Bank’s investment portfolio at
December„31, 2014, 2013 and 2012:
December 31, 2014 December 31, 2013 December 31, 2012
Amortized
Cost Fair Value
Amortized
Cost Fair Value
Amortized
Cost Fair Value
(In thousands)
Corporate bonds . . . . . . . . . . . $27,107 $27,069 $28,718 $28,730 $—$—
Agency securities . . . . . . . . . . — — 245 245 804 811
Mortgage-backed securities . . 36,251 36,220 4,169 4,002 — —
Municipal bonds . . . . . . . . . . . 908 920 1,672 1,679 2,022 2,058
U.S. treasury notes . . . . . . . . . ——— — 20,020 19,956
Total fixed-income securities . . $64,266 $64,209 $34,804 $34,656 $22,846 $22,825
The following table shows the scheduled maturities, by amortized cost, and average yields for Green Dot Bank’s
investment portfolio at December„31, 2014:
Due in one year
or less
Due after one
year through
five years
Due after five
years through
ten years
Due after ten
years Total
(In thousands, except percentages)
Corporate bonds . . . . . . . . . . . . . . . . . . $16,412 $10,695 $—$—$27,107
Agency securities . . . . . . . . . . . . . . . . . —————
Mortgage-backed securities . . . . . . . . . — — — 36,251 36,251
Municipal bonds . . . . . . . . . . . . . . . . . . — 576 332 — 908
Total fixed-income securities . . . . . . . . . $16,412 $11,271 $332 $36,251 $64,266
Weighted-average yield. . . . . . . . . . . . . 0.78%0.79%4.23%1.67%1.30%
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