Green Dot 2015 Annual Report Download - page 82

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76
Note 9—Deposits
Deposits are categorized as non-interest or interest-bearing deposits as follows:
December 31,
2015 2014
Non-interest bearing deposit accounts (In thousands)
GPR deposits $ 610,652 $529,779
Other demand deposits 23,644 19,631
Total non-interest bearing deposit accounts 634,296 549,410
Interest-bearing deposit accounts
Negotiable order of withdrawal (NOW) 851 905
Savings 8,848 7,985
Time deposits, denominations greater than or equal to $100 6,268 5,263
Time deposits, denominations less than $100 1,882 1,838
Total interest-bearing deposit accounts 17,849 15,991
Total deposits $ 652,145 $565,401
The scheduled contractual maturities for total time deposits are presented in the table below:
December 31,
(In thousands)
Due in 2016 $ 3,483
Due in 2017 2,561
Due in 2018 455
Due in 2019 338
Due in 2020 1,313
Total time deposits $ 8,150
Note 10—Note Payable
In October 2014, we entered into a $225.0 million credit agreement with Bank of America, N.A., as an administrative
agent, Wells Fargo Bank, National Association, and the other lenders party thereto. The credit agreement provides for
1) a $75.0 million five-year revolving facility (the "Revolving Facility") and 2) a five-year $150.0 million term loan facility
("Term Facility" and, together with the Revolving Facility, the "Senior Credit Facility"). The credit agreement also includes
an accordion feature that, subject to securing additional commitments from existing lenders or new lending institutions,
will allow us to increase the aggregate amount of these facilities by up to an additional $50.0 million. We drew the
entire Term Facility on October 23, 2014, and used the proceeds to finance our acquisition of SBBT Holdings, LLC,
as discussed in Note 3 — Business Acquisitions. We use the proceeds of any borrowings under the Revolving Facility
for working capital and other general corporate purposes, subject to the terms and conditions set forth in the credit
agreement.
As of December 31, 2015 and 2014, our outstanding debt consisted of the following, net of deferred financing
costs of $5.8 million and $7.4 million, respectively:
December 31, 2015 December 31, 2014
(In thousands)
Term facility $ 121,652 $142,617
Revolving facility ——
Total notes payable $ 121,652 $142,617