Green Dot 2014 Annual Report Download - page 76

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Note 4—Investment Securities
Our available-for-sale investment securities were as follows:
Amortized cost
Gross unrealized
gains
Gross unrealized
losses Fair value
(In thousands)
December 31, 2014
Corporate bonds $40,433 $4$(48) $ 40,389
Commercial paper 7,648 1 — 7,649
U.S. Treasury notes 14,782 5 (16)14,771
Agency securities 2,950 — — 2,950
Mortgage-backed securities 35,420 119 (177)35,362
Municipal bonds 5,555 61 (21)5,595
Asset-backed securities 13,727 — (12)13,715
Total investment securities $120,515 $190 $(274) $ 120,431
December 31, 2013
Corporate bonds $70,965 $45 $(13) $ 70,997
Commercial paper 49,307 15 (1)49,321
Negotiable certificate of deposit 4,400 3 — 4,403
U.S. Treasury notes 14,265 14 (1)14,278
Agency securities 14,946 13 — 14,959
Mortgage-backed securities 4,169 — (168)4,001
Municipal bonds 19,017 28 (14)19,031
Asset-backed securities 21,750 9 (5)21,754
Total investment securities $198,819 $127 $(202) $ 198,744
As of December„31, 2014 and 2013, 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, 2014
Corporate bonds $33,348 $(48) $ —$—$33,348 $(48)
U.S. Treasury notes 6,068 (16)— — 6,068 (16)
Mortgage-backed securities 21,495 (163)1,143 (14)22,638 (177)
Municipal bonds — — 419 (21)419 (21)
Asset-backed securities 12,254 (12)— — $12,254 $(12)
Total investment securities $73,165 $(239) $ 1,562 $(35) $ 74,727 $(274)
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)
We did not record any other-than-temporary impairment losses during the years ended December„31, 2014 and
2013 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.
GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)
68