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Regulatory Requirements
 12 Months Ended
Dec. 31, 2024
Regulatory Requirements [Abstract]  
Regulatory Requirements Regulatory Requirements
Our subsidiary bank, Green Dot Bank, is a member bank of the Federal Reserve System and our primary regulator is the Federal Reserve Board. We and Green Dot Bank are subject to commitments with respect to minimum capital and leverage requirements that we have made to the Federal Reserve Board and the Utah Department of Financial Institutions. In addition, we and Green Dot Bank are subject to various regulatory capital and leverage requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines, we and Green Dot Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.
As of December 31, 2024 and 2023, we and Green Dot Bank were categorized as "well-capitalized" under applicable regulatory standards. There were no conditions or events since December 31, 2024 which management believes would have caused us or Green Dot Bank not to be considered "well-capitalized." Our capital ratios and related regulatory requirements were as follows:
December 31, 2024
AmountRatioRegulatory Minimum"Well-capitalized" Minimum
(In thousands, except ratios)
Green Dot Corporation:
Tier 1 leverage$760,571 15.0 %4.0 %n/a
Common equity Tier 1 capital$760,571 42.6 %4.5 %n/a
Tier 1 capital $760,571 42.6 %6.0 %6.0 %
Total risk-based capital$782,207 43.8 %8.0 %10.0 %
Green Dot Bank:
Tier 1 leverage$362,697 7.3 %4.0 %5.0 %
Common equity Tier 1 capital$362,697 28.2 %4.5 %6.5 %
Tier 1 capital$362,697 28.2 %6.0 %8.0 %
Total risk-based capital$370,207 28.8 %8.0 %10.0 %
December 31, 2023
AmountRatioRegulatory Minimum"Well-capitalized" Minimum
(In thousands, except ratios)
Green Dot Corporation:
Tier 1 leverage$730,459 17.9 %4.0 %n/a
Common equity Tier 1 capital$730,459 38.0 %4.5 %n/a
Tier 1 capital $730,459 38.0 %6.0 %6.0 %
Total risk-based capital$749,623 39.0 %8.0 %10.0 %
Green Dot Bank:
Tier 1 leverage$404,559 9.8 %4.0 %5.0 %
Common equity Tier 1 capital$404,559 27.8 %4.5 %6.5 %
Tier 1 capital$404,559 27.8 %6.0 %8.0 %
Total risk-based capital$412,966 28.4 %8.0 %10.0 %
In addition, Green Dot Bank is subject to regulatory restrictions that limit its ability to issue capital distributions, such as cash dividends, as it is required to maintain minimum levels of capital adequacy. As of December 31, 2024, the aggregate amount of net assets we determined were restricted at our bank was approximately $82.4 million.