Green Dot 2015 Annual Report Download - page 52

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46
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, 2015 and 2014 and
average balance data for the period ended December 31, 2013:
Year ended December 31, Period ended
December 31,
2015 2014 2013
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) $ 7,014 $ 739 10.5% $ 7,154 $ 553 7.7% $ 7,676
Taxable investment
securities 108,122 1,179 1.1 53,280 506 0.9 19,415
Non-taxable investment
securities 903 19 2.1 1,029 22 2.1 1,539
Federal reserve stock 3,855 234 6.1 3,481 213 6.1 1,603
Federal funds sold 468 1 0.2 380 1 0.3 1,561
Cash 676,400 1,734 0.3 642,608 1,606 0.2 310,552
Total interest-bearing assets 796,762 3,906 0.5% 707,932 2,901 0.4% 342,346
Non-interest bearing assets 66,828 64,632 53,792
Total assets $ 863,590 $ 772,564 $ 396,138
Liabilities
Interest-bearing liabilities
Negotiable order of
withdrawal (NOW) $ 1,025 $ 1 0.1% $ 1,338 $ 1 0.1% $ 1,607
Savings deposits 8,181 11 0.1 6,820 10 0.1 6,231
Time deposits,
denominations greater than
or equal to $100 5,576 44 0.8 5,735 38 0.7 5,825
Time deposits,
denominations less than
$100 1,874 12 0.6 1,806 15 0.8 2,288
Total interest-bearing liabilities 16,656 68 0.4% 15,699 64 0.4% 15,951
Non-interest bearing liabilities 696,176 626,110 314,002
Total liabilities 712,832 641,809 329,953
Total stockholders' equity 150,758 130,755 66,185
Total liabilities and stockholders'
equity $ 863,590 $ 772,564 $ 396,138
Net interest income/yield on
earning assets $ 3,838 0.1% $ 2,837 0.0%
___________
(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.