Green Dot (GDOT) 10-K 28 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-34819
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4766827
Entity Address, Address Line One	114 W 7th Street, Suite 240
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	(626)
Local Phone Number	765-2000
Title of 12(b) Security	Class A Common Stock, $0.001 par value
Trading Symbol	GDOT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 839.9
Entity Common Stock, Shares Outstanding		51,719,934
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s proxy statement relating to the registrant’s 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.
Entity Registrant Name	GREEN DOT CORP
Entity Central Index Key	0001386278
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	42

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Unrestricted cash and cash equivalents	$ 813,945	$ 1,322,319
Restricted cash	5,900	3,321
Settlement assets	493,395	320,377
Accounts receivable, net	74,437	80,401
Prepaid expenses and other assets	78,155	81,380
Income tax receivable	0	1,354
Total current assets	1,465,832	1,809,152
Investment securities available-for-sale, at fair value	2,363,687	2,115,501
Loans to bank customers, net of allowance for credit losses of $9,078 and $5,555 as of December 31, 2022 and 2021, respectively	21,421	19,270
Prepaid expenses and other assets	192,901	136,400
Property, equipment, and internal-use software, net	160,222	135,341
Operating lease right-of-use assets	8,316	10,967
Deferred expenses	14,547	16,855
Net deferred tax assets	117,167	15,048
Goodwill and intangible assets	445,083	466,943
Total assets	4,789,176	4,725,477
Current liabilities:
Accounts payable	113,891	51,353
Deposits	3,450,105	3,286,889
Obligations to customers	218,239	124,221
Settlement obligations	40,691	15,682
Amounts due to card issuing banks for overdrawn accounts	328	513
Other accrued liabilities	98,580	128,294
Operating lease liabilities	3,167	6,918
Deferred revenue	25,029	28,903
Income tax payable	11,641	291
Total current liabilities	3,961,671	3,643,064
Other accrued liabilities	5,777	3,531
Operating lease liabilities	5,247	8,209
Line of credit	35,000	0
Total liabilities	4,007,695	3,654,804
Commitments and contingencies (Note 21)
Stockholders’ equity:
Class A common stock, $0.001 par value; 100,000 shares authorized as of December 31, 2022 and 2021; 51,674 and 54,868 shares issued and outstanding as of December 31, 2022 and 2021, respectively	52	55
Additional paid-in capital	340,575	401,055
Retained earnings	763,582	699,370
Accumulated other comprehensive loss	(322,728)	(29,807)
Total stockholders’ equity	781,481	1,070,673
Total liabilities and stockholders’ equity	$ 4,789,176	$ 4,725,477

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 9,078	$ 5,555
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares, issued (in shares)	51,674,000	54,868,000
Common stock, shares outstanding (in shares)	51,674,000	54,868,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating revenues:
Operating revenues	$ 1,407,409	$ 1,414,410	$ 1,238,974
Interest income, net	42,157	18,787	14,786
Total operating revenues	1,449,566	1,433,197	1,253,760
Operating expenses:
Sales and marketing expenses	297,900	382,163	415,111
Compensation and benefits expenses	243,939	264,686	233,155
Processing expenses	481,460	389,284	293,711
Other general and administrative expenses	331,892	330,590	281,710
Total operating expenses	1,355,191	1,366,723	1,223,687
Operating income	94,375	66,474	30,073
Interest expense, net	255	150	761
Other expense, net	(10,199)	(2,624)	(1,217)
Income before income taxes	83,921	63,700	28,095
Income tax expense	19,709	16,220	4,964
Net income	$ 64,212	$ 47,480	$ 23,131
Basic earnings per common share (in USD per share)	$ 1.20	$ 0.87	$ 0.43
Diluted earnings per common share (in USD per share)	$ 1.19	$ 0.85	$ 0.42
Basic weighted-average common shares issued and outstanding (in shares)	53,351	54,070	52,438
Diluted weighted-average common shares issued and outstanding (in shares)	53,871	55,220	53,685
Card revenues and other fees
Operating revenues:
Operating revenues	$ 876,318	$ 788,834	$ 593,915
Cash processing revenues
Operating revenues:
Operating revenues	235,445	245,539	293,216
Interchange revenues
Operating revenues:
Operating revenues	$ 295,646	$ 380,037	$ 351,843

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 64,212	$ 47,480	$ 23,131
Other comprehensive (loss) income
Unrealized holding (loss) gain, net of tax	(292,921)	(33,235)	1,388
Comprehensive (loss) income	$ (228,709)	$ 14,245	$ 24,519

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of the period (in shares) at Dec. 31, 2019			51,807
Balance at the beginning of the period at Dec. 31, 2019	$ 927,356	$ (281)	$ 52	$ 296,224	$ 629,040	$ (281)	$ 2,040
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			1,252
Common stock issued under stock plans, net of withholdings and related tax effects	4,544		$ 1	4,543
Stock-based compensation	53,694			53,694
Walmart restricted shares (in shares)			975
Walmart restricted shares	0		$ 1	(1)
Net income	23,131				23,131
Other comprehensive income (loss)	1,388						1,388
Balance at the end of the period (in shares) at Dec. 31, 2020			54,034
Balance at the end of the period at Dec. 31, 2020	1,009,832		$ 54	354,460	651,890		3,428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			834
Common stock issued under stock plans, net of withholdings and related tax effects	(4,823)		$ 1	(4,824)
Stock-based compensation	51,419			51,419
Net income	47,480				47,480
Other comprehensive income (loss)	(33,235)						(33,235)
Balance at the end of the period (in shares) at Dec. 31, 2021			54,868
Balance at the end of the period at Dec. 31, 2021	1,070,673		$ 55	401,055	699,370		(29,807)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans, net of withholdings and related tax effects (in shares)			870
Common stock issued under stock plans, net of withholdings and related tax effects	230		$ 1	229
Stock-based compensation	34,812			34,812
Repurchases of class A common stock (in shares)			(4,064)
Repurchases of Class A Common Stock	(95,525)		$ (4)	(95,521)
Net income	64,212				64,212
Other comprehensive income (loss)	(292,921)						(292,921)
Balance at the end of the period (in shares) at Dec. 31, 2022			51,674
Balance at the end of the period at Dec. 31, 2022	$ 781,481		$ 52	$ 340,575	$ 763,582		$ (322,728)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Net income	$ 64,212	$ 47,480	$ 23,131
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and internal-use software	57,101	57,024	58,005
Amortization of acquired intangible assets	23,509	27,775	28,119
Provision for uncollectible overdrawn accounts from purchase transactions	13,771	19,822	7,684
Provision for loans	32,352	24,978	859
Stock-based compensation	34,812	51,419	53,694
Losses (earnings) in equity method investments	15,648	(1,579)	6,290
Realized gain on sale of available-for-sale investment securities	0	0	(5,073)
Amortization of (discount) premium on available-for-sale investment securities	(1,434)	2,563	999
Impairment of long-lived assets	4,264	0	21,719
Deferred income tax (benefit) expense	(6,674)	2,722	(15,003)
Other	(4,666)	144	169
Changes in operating assets and liabilities:
Accounts receivable, net	(7,807)	(32,468)	(16,177)
Prepaid expenses and other assets	5,417	(9,171)	980
Deferred expenses	2,308	1,477	(1,441)
Accounts payable and other accrued liabilities	41,098	(5,308)	37,640
Deferred revenue	(3,694)	1,282	576
Income tax receivable/payable	11,716	(14,128)	9,531
Other, net	(4,247)	(6,999)	(2,524)
Net cash provided by operating activities	277,686	167,033	209,178
Investing activities
Purchases of available-for-sale investment securities	(931,549)	(1,395,599)	(994,428)
Proceeds from maturities of available-for-sale securities	293,748	196,958	107,723
Proceeds from sales and calls of available-for-sale securities	3,488	6,823	198,895
Payments for acquisition of property and equipment	(84,326)	(57,432)	(59,035)
Net changes in loans	(32,057)	(28,385)	(453)
Investment in TailFin Labs, LLC	(35,000)	(35,000)	(35,000)
Purchases of other investments	(31,934)	(55,000)	0
Other investing activities	(2,558)	(852)	(3,534)
Net cash used in investing activities	(820,188)	(1,368,487)	(785,832)
Financing activities
Borrowings on revolving line of credit	100,000	0	100,000
Repayments on revolving line of credit	(65,000)	0	(135,000)
Proceeds from exercise of options and ESPP purchases	6,177	8,041	16,997
Taxes paid related to net share settlement of equity awards	(5,947)	(12,864)	(12,453)
Net changes in deposits	157,140	555,062	1,554,191
Net changes in settlement assets and obligations to customers	(53,991)	488,654	(512,534)
Contingent consideration payments	(1,647)	(4,000)	(4,000)
Repurchase of Class A common stock	(95,525)	0	0
Other financing activities	(4,500)	(4,500)	0
Net cash provided by financing activities	36,707	1,030,393	1,007,201
Net (decrease) increase in unrestricted cash, cash equivalents and restricted cash	(505,795)	(171,061)	430,547
Unrestricted cash, cash equivalents and restricted cash, beginning of period	1,325,640	1,496,701	1,066,154
Unrestricted cash, cash equivalents and restricted cash, end of period	819,845	1,325,640	1,496,701
Cash paid for interest	627	1,434	926
Cash paid for income taxes	12,966	27,200	10,618
Unrestricted cash and cash equivalents	813,945	1,322,319	1,491,842
Restricted cash	5,900	3,321	4,859
Total unrestricted cash, cash equivalents and restricted cash, end of period	$ 819,845	$ 1,325,640	$ 1,496,701

Organization

Organization	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Green Dot Corporation (“we,” “our,” or “us” refer to Green Dot Corporation and its consolidated subsidiaries) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably, and with confidence. Our technology platform enables us to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money, and making financial empowerment more accessible for all. We offer a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, such as tax refunds, cash deposits and disbursements. We were incorporated in Delaware in 1999 and became a bank holding company under the Bank Holding Company Act and a member bank of the Federal Reserve System in December 2011.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation Our consolidated financial statements include the results of Green Dot Corporation and our wholly-owned subsidiaries. We prepared the accompanying consolidated financial statements in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP. We consolidated our wholly-owned subsidiaries and eliminated all significant intercompany balances and transactions. Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. These financial statements were prepared using information reasonably available as of December 31, 2022 and through the date of this report. The accounting estimates used in the preparation of our consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. Actual results may differ from these estimates due to a variety of factors, including those identified under "Part I, Item 1A. Risk Factors" in this report. Unrestricted Cash and Cash Equivalents We consider all unrestricted highly liquid investments with an original maturity of three months or less to be unrestricted cash and cash equivalents. Investment Securities Our investment portfolio is primarily comprised of fixed income securities. We classify these securities as available-for-sale and report them at fair value with the related unrealized gains and losses, net of tax, included in accumulated other comprehensive income or loss, unless credit related. We establish an allowance for credit losses limited by the amount that the fair value of the investment is less than its amortized cost. If the impairment of the investment security is credit-related, the impairment is recorded in earnings with any subsequent improvements in credit recognized through a reversal of the allowance established. Non-credit related impairment is recorded in accumulated other comprehensive income or loss, a component of stockholders' equity. We classify investment securities with maturities less than or equal to 365 days as current assets. We regularly evaluate each fixed income security where the value has declined below amortized cost to assess whether the decline in fair value is credit or non-credit related. In determining whether an impairment is credit related or not, we consider the extent of the decline in fair value compared to the security's amortized cost, the presence of adverse conditions such as the financial condition of the issuer, the payment structure of the security, credit rating changes and other qualitative factors, as well as whether we either plan to sell the security or it is more likely-than-not that we will be required to sell the security before recovery of its amortized cost. If we intend to sell an investment security or believe we will more-likely-than-not be required to sell a security, we record the full amount of the impairment in earnings. Interest on fixed income securities, including amortization of premiums and accretion of discounts, is included in interest income. Note 2—Summary of Significant Accounting Policies (continued) Settlement Assets, Obligations to Customers and Settlement Obligations Settlement assets represent the amounts due from our retail distributors and other partners for customer funds collected at the point of sale that have not yet been received by our subsidiary bank, payroll deposits funded in advance (up to two days early) to certain cardholders who are eligible to participate in our early direct deposit programs and amounts due from third-party payment processors for customer transactions. At the point of sale, our retail distributors and other partners collect customer funds for purchases of new cards and utilization of our cash transfer services and then remit these funds directly to our subsidiary bank. Additionally, certain of our deposit account programs can be funded from external accounts and that funding is settled with third-party payment processors. Remittance of these funds with our retail distributors, third-party payment processors and other partners takes an average of two business days. Obligations to customers represent customer funds collected from (or to be remitted by) our retail distributors and partners for which the underlying products have not been activated. Once the underlying products have been activated, the customer funds are reclassified as deposits in a bank account established for the benefit of the customer. Included in this balance are also disbursements of customer funds that have been initiated but not yet settled. Settlement obligations represent the customer funds received by our subsidiary bank that are due to third-party card issuing banks upon activation. Accounts Receivable, net Accounts receivable is comprised principally of trade accounts receivable, receivables due from card issuing banks, overdrawn account balances due from cardholders, fee advances and other receivables. We record accounts receivable net of reserves for estimated uncollectible accounts. Receivables due from card issuing banks primarily represent revenue-related funds held at the third-party card issuing banks related to our network branded programs that have yet to be remitted to us. These receivables are generally collected within a short period of time based on the remittance terms in our agreements with the third-party card issuing banks. Fee advances represent short-term advances to in-person tax return preparation companies made prior to and during tax season. These advances are collateralized by their clients' tax preparation fees and are generally collected within a short period of time as the in-person tax preparation companies begin preparing and processing their clients' tax refunds. Overdrawn Account Balances Due from Cardholders and Reserve for Uncollectible Overdrawn Accounts For cardholders who are not enrolled or do not meet eligibility requirements of our overdraft protection program, we generally decline authorization attempts for amounts that exceed the available balance in a cardholder’s account, however, the application of card association rules, the timing of the settlement of transactions and the assessment of the card’s monthly maintenance fee, among other things, can still result in overdrawn accounts. These overdrawn account balances are deemed to be receivables due from cardholders, and are included as a component of accounts receivable, net, on our consolidated balance sheets. We are exposed to losses from any unrecovered overdrawn account balances. Our provision for overdrawn account balances from purchase transactions is included as a component of other general and administrative expenses on our consolidated statements of operations. We classify overdrawn accounts from purchase transactions into age groups based on the number of days that have elapsed since an account last had activity, such as a purchase, ATM transaction or fee assessment. We calculate a reserve factor for each age group based on the average recovery rate for the most recent six months. These factors are applied to these age groups to estimate our overall expected loss reserve. When more than 60 days have passed without activity in an account, we write off the full amount of the overdrawn account balance. Restricted Cash As of December 31, 2022 and 2021, restricted cash amounted to $5.9 million and $3.3 million, respectively. Restricted cash principally relates to pre-funding obligations for cardholder accounts at third-party issuing banks. Loans to Bank Customers We report loans measured at historical cost at their outstanding principal balances, net of any charge-offs, and for purchased loans, net of any unaccreted discounts. We recognize interest income as it is earned. Note 2—Summary of Significant Accounting Policies (continued) Nonperforming Loans Nonperforming loans generally include loans that have been placed on nonaccrual status. We generally place loans and secured credit cards on nonaccrual status when they are past due 90 days or more. We reverse the related accrued interest receivable and apply interest collections on nonaccrual loans as principal reductions; otherwise, we credit such collections to interest income when received. These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected. For our secured credit card portfolio, when an account is past due 90 days, collateral deposits are applied against outstanding credit card balances. Any balance, inclusive of principal and interest in excess of the collateral balance is charged off at 180 days. We consider a loan to be impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once we determine a loan to be impaired, we measure the impairment based on the present value of the expected future cash flows discounted at the loan's effective interest rate. We may also measure impairment based on observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell. If the recorded investment in impaired loans exceeds this amount, we establish a specific allowance as a component of the allowance for credit losses or by adjusting an existing valuation allowance for the impaired loan. Allowance for Credit Losses We establish an allowance for estimated credit losses inherent in our loan portfolio over the life of the loans, including our secured credit cards and overdrawn balances associated with our overdraft protection program. For each portfolio of loans, we analyze historical loss rates and other factors to determine a loss rate, and consider if adjustments are needed for current conditions, and other reasonable and supportable forecasts beyond our balance sheet date that may differ from historical results. We also consider adjustments based on qualitative factors which in our judgment may affect the expected credit losses including, but not limited to, changes in prevailing economic or market conditions and the estimated value of the underlying collateral for collateral dependent loans. We separately establish specific allowances for impaired loans based on the present value of changes in cash flows expected to be collected, or for impaired loans that are considered collateral dependent, the estimated fair value of the collateral less estimated costs to sell, if any. Property and Equipment We carry our property and equipment at cost less accumulated depreciation and amortization. We generally compute depreciation on property and equipment using the straight-line method over the estimated useful lives of the assets, except for land, which is not depreciated. We generally compute amortization on tenant improvements using the straight-line method over the shorter of the related lease term or estimated useful lives of the improvements. We expense expenditures for maintenance and repairs as incurred. We capitalize certain internal and external costs incurred to develop internal-use software during the application development stage. We also capitalize the cost of specified upgrades and enhancements to internal-use software that result in additional functionality. Once a development project is substantially complete and the software is ready for its intended use, we begin depreciating these costs on a straight-line basis over the internal-use software’s estimated useful life. The estimated useful lives of the respective classes of assets are as follows: Land N/A Building 30 years Computer equipment, furniture and office equipment 3-10 years Computer software purchased 3 years Capitalized internal-use software 3-7 years Tenant improvements Shorter of the useful life or the lease term Note 2—Summary of Significant Accounting Policies (continued) Leases We determine if an arrangement is or contains a lease at inception of the agreement. Right-of-use (ROU) assets and liabilities are recognized at the lease commencement date based on the present value of remaining lease payments over the lease term. For this purpose, we consider only fixed payments stated in the leases at the time of commencement. Variable lease payments that are not based on a specified rate or index are expensed when incurred. Since an implicit interest rate for our leases generally cannot be determined under our contracts, we use an incremental borrowing rate based on the information available to us at the commencement date in determining the present value of our lease payments. Our incremental borrowing rate is based on a variety of considerations, including borrowing rates currently available to us for loans with similar terms and market participant information based on credit spreads for issuers of similar risk and credit rating. The ROU asset also reflects any lease payments made prior to commencement and is recorded net of any lease incentives received. Our ROU asset and liability reflects, as applicable, options to extend or terminate a lease when it is reasonably certain that we will exercise such options. We exclude all leases with an initial term of 12 months or less under the short term lease exemption. We have also made a policy election to combine our lease and non-lease components for each of our existing classes of leased assets. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense is recognized on a straight-line basis over the lease term. Impairment of Long-Lived Assets We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of expected undiscounted future cash flows from an asset is less than the carrying amount of the asset, we estimate the fair value of the assets. We measure the loss as the amount by which the carrying amount exceeds its fair value calculated using the present value of estimated net future cash flows. We recorded total impairment charges of $4.3 million, $0, and $21.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. Impairment charges for the year ended December 31, 2022 related to internal-use software that we determined would no longer be utilized. Impairment charges for the year ended December 31, 2020 were principally associated with capitalized internal-use software, and our operating lease right-of-use assets and other tenant improvements we determined to no longer be utilized as a result of our remote workforce strategy. These impairment charges are included in other general and administrative expenses in our consolidated statements of operations. Goodwill and Intangible Assets Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. Goodwill is not amortized but is reviewed for potential impairment on an annual basis, or when events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit, as defined under applicable accounting guidance, is an operating segment or one level below an operating segment, referred to as a component. We first assess qualitative factors to determine whether it is more likely-than-not (i.e., a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying value. This step serves as the basis for determining whether it is necessary to perform the quantitative impairment test. If it is more likely-than-not goodwill is impaired, a quantitative impairment test compares the estimated fair value of each reporting unit to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired, however, if the carrying amount of the reporting unit exceeds its estimated fair value, the difference is recorded as an impairment loss directly to goodwill. We may in any given period bypass the qualitative assessment and proceed directly to a quantitative method to assess and measure impairment of the reporting unit's goodwill. For intangible assets subject to amortization, we recognize an impairment loss if the carrying amount of the intangible asset is not recoverable and exceeds its estimated fair value. The carrying amount of the intangible asset is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. No impairment charges were recognized related to goodwill or intangible assets for the years ended December 31, 2022, 2021 and 2020. Intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives, which is our best estimate of the pattern of economic benefit, based on legal, contractual, and other provisions. The estimated useful lives of the intangible assets, which consist primarily of customer relationships and trade names, range from 3-15 years. Note 2—Summary of Significant Accounting Policies (continued) Amounts Due to Card Issuing Banks for Overdrawn Accounts Third-party card issuing banks fund overdrawn cardholder account balances on our behalf. Amounts funded are due from us to the card issuing banks based on terms specified in the agreements with the card issuing banks. Generally, we expect to settle these obligations within two months. Fair Value Under applicable accounting guidance, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability. As such, fair value reflects an exit price in an orderly transaction between market participants on the measurement date. We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following describes the three-level hierarchy: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury securities that are highly liquid and are actively traded in over-the-counter markets. Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities with quoted prices that are traded less frequently than exchange-traded instruments. This category generally includes U.S. government and agency mortgage-backed fixed income securities and corporate fixed income securities. Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the overall fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments for which the determination of fair value requires significant management judgment or estimation. The fair value for such assets and liabilities is generally determined using pricing models, market comparables, discounted cash flow methodologies or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. This category generally includes certain private equity investments and certain asset-backed securities. Revenue Recognition Our operating revenues consist of card revenues and other fees, cash processing revenues and interchange revenues. The core principle of the revenue standard is that these revenues will be recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services, as determined under a five-step process. A description of our principal revenue generating activities is as follows: Card Revenues and Other Fees Card revenues and other fees consist of monthly maintenance fees, new card fees, ATM fees, and other card revenues. We earn these fees based upon the underlying terms and conditions with each of our cardholders that obligate us to stand ready to provide account services to each of our cardholders over the contract term. Agreements with our cardholders are considered daily service contracts as they are not fixed in duration. Also included in card revenues and other fees are program management service fees earned from our BaaS partners for cardholder programs we manage on their behalf. We charge maintenance fees on a monthly basis pursuant to the terms and conditions in the applicable cardholder agreements. We recognize monthly maintenance fees ratably over each day in the monthly bill cycle in which the fee is assessed, which represents the period our cardholders receive the benefits of our services and our performance obligation is satisfied. To the extent a maintenance fee results in an overdrawn cardholder balance, we only reflect the net amount we expect to receive based on, among other things, the number of days that have elapsed since an account last had activity, such as a purchase or an ATM transaction. Note 2—Summary of Significant Accounting Policies (continued) We charge new card fees when a consumer purchases a new card in a retail store. The new card fee provides our cardholders a material right and accordingly, we defer and recognize new card fee revenues on a straight-line basis over our average card lifetime, which is currently less than one year for our deposit account programs acquired through our Retail channel. The average card lifetime is determined based on recent historical data using the period from sale (or activation) of the card through the date of last positive balance. We reassess average card lifetime for prepaid cards and checking accounts quarterly and gift cards annually. We report the unearned portion of new card fees as a component of deferred revenue in our consolidated balance sheets. See Contract Balances discussed in Note 3—Revenues , for further information. We charge ATM fees to cardholders when they withdraw money at certain ATMs in accordance with the terms and conditions in our cardholder agreements. We recognize ATM fees when the withdrawal is made by the cardholder, which is the point in time our performance obligation is satisfied and service is performed. Since our cardholder agreements are considered daily service contracts, our performance obligations for these types of transactional based fees are satisfied on a daily basis, or as each transaction occurs. Other revenues consist primarily of revenue associated with our gift card program, transaction-based fees and fees associated with optional products or services, such as our overdraft protection program, which we offer our cardholders at their election. Since our performance obligations are settled daily, we recognize most of these fees at the point in time the transactions occur which is when the underlying performance obligation is satisfied. In the case of our gift card program, we record the related revenues using the redemption method. To the extent a fee results in an overdrawn cardholder balance, we only reflect the net amount we expect to receive based on, among other things, the number of days that have elapsed since an account last had activity, such as a purchase or an ATM transaction. We also offer cash-back rewards to cardholders on certain programs. The amount of these cash rewards varies based on multiple factors, including the terms and conditions for cardholder eligibility, the redemption amount based on cardholder activity, and the cardholder redemption rates. We accrue our estimated cash-back rewards as a component of other accrued liabilities on our consolidated balance sheets and as a reduction to card revenues and other fees on our consolidated statements of operations. Substantially all our fees are collected from our cardholders at the time the fees are assessed and debited from their account balance. Program management fees from our BaaS partners are generally earned over time on a monthly basis, pursuant to the terms of each program management agreement. Our agreements are generally multi-year arrangements of varying lengths. We recognize these fees as our program management services are rendered each month. Cash Processing Revenues Our cash processing revenues consist of cash transfer revenues, Simply Paid disbursement revenues, and tax refund processing service revenues. We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. Our reload services are subject to the same terms and conditions in each of the applicable cardholder agreements as discussed above. We recognize these revenues at the point in time the reload services are completed. Similarly, we earn Simply Paid disbursement fees from our business partners as payment disbursements are made. We earn tax refund processing service revenues when a customer of a third-party tax preparation company chooses to pay their tax preparation fee through the use of our tax refund processing services. Revenues we earn from these services are generated from our contractual relationships with the tax software transmitters. These contracts may be multi-year agreements and vary in length, however, our underlying promise obligates us to process each refund transfer on a transaction by transaction basis as elected by the taxpayer. Accordingly, we recognize tax refund processing service revenues at the point in time we satisfy our performance obligation by remitting each taxpayer’s proceeds from his or her tax return. Note 2—Summary of Significant Accounting Policies (continued) Interchange We earn interchange revenues from fees remitted by the merchant’s bank, which are based on rates established by the payment networks, such as Visa and Mastercard, when account holders make purchase transactions using our card products and services. We recognize interchange revenues at the point in time the transactions occur, as our performance obligation is satisfied. Principal vs Agent For all our significant revenue-generating arrangements, we record revenues on a gross basis except for our tax refund processing service revenues which are recorded on a net basis. Sales and Marketing Expenses Sales and marketing expenses primarily consist of sales commissions, advertising and marketing expenses, and the costs of manufacturing and distributing card packages, placards, promotional materials to our retail distributors’ locations and personalized cards to consumers who have activated their cards. We pay our retail distributors, and brokers' commissions based on sales of our cards and cash transfer products in their stores. We defer and expense commissions related to new cards sales ratably over the average card lifetime, which is currently less than one year for our cards acquired through our Retail channel. Absent a new card fee, we recognize the cost of the related commissions immediately. We recognize the cost of commissions related to cash transfer products when the cash transfer transactions are completed. We recognize costs for the production of advertising as incurred. The cost of media advertising is recorded when the advertising first takes place. We record the costs associated with card packages and placards as prepaid expenses, and for our cards acquired in our Retail channel, we record the costs associated with personalizing the cards as deferred expenses. We recognize the prepaid cost of card packages and placards over the related sales period, and we amortize the deferred cost of personalizing the cards, when activated, over the average card lifetime. Included in sales and marketing expenses are advertising and marketing expenses of $31.2 million, $42.6 million and $37.5 million and shipping and handling costs of $2.3 million, $1.4 million and $1.5 million for the years ended December 31, 2022, 2021 and 2020, respectively. Also included in sales and marketing expenses are use taxes to various states related to purchases of materials since we do not charge sales tax to customers when new cards or cash transfer transactions are purchased. Stock-Based Compensation We record stock-based compensation expense based on the grant-date fair value of the award. For stock options and stock purchases under our employee stock purchase plan, or ESPP, we base compensation expense on fair values estimated at the grant date using the Black-Scholes option-pricing model. For stock awards, including restricted stock units, we base compensation expense on the fair value of our common stock at the grant date. We recognize compensation expense for awards with only service conditions that have graded vesting schedules on a straight-line basis over the vesting period of the award. Vesting is based upon continued service to our company and we account for any forfeitures as they occur. We have issued performance-based restricted stock units and performance-based options to our executive officers and employees that are subject to performance conditions, market conditions, or a combination thereof. For awards subject to performance conditions, we determine the grant-date fair value of the stock and recognize compensation cost for the awards if and when we conclude it is probable that the performance metrics will be satisfied, over the requisite service period. The grant-date fair value of the awards are not subsequently remeasured, however, we reassess the probability of vesting at each reporting period and record a cumulative adjustment to compensation expense based on the likelihood the performance metrics will be achieved. For awards subject to market conditions, we base compensation expense on the fair value estimated at the date of grant using a Monte Carlo simulation or similar lattice model. We recognize compensation expense over the requisite service period regardless of the market condition being satisfied, provided that the requisite service has been rendered, since the estimated grant date fair value incorporates the probability of outcomes that the market condition will be achieved. Note 2—Summary of Significant Accounting Policies (continued) Under our retirement policy, any service-based requirement for unvested stock awards held by a retirement eligible employee is eliminated. Accordingly, the related compensation expense is recognized immediately for qualifying awards granted to eligible employees, or in the case of ineligible employees who later become eligible under the retirement policy, over the period from the grant date to the date a qualifying retirement is achieved, if earlier than the standard vesting dates. Performance-based awards issued to retirement eligible employees remain subject to the stock awards’ annual performance targets and the expense is adjusted accordingly based on expected achievement. We measure the fair value of equity instruments issued to non-employees based on the grant-date fair value, and recognize the related expense in the same periods that the goods or services are received. Income Taxes Our income tax expense is comprised of current and deferred income tax expense. Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense results from the changes in deferred tax assets and liabilities during the periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences between the basis of assets and liabilities as measured by tax laws and their basis as reported in our consolidated financial statements.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Disaggregation of Revenues As discussed in Note 24—Segment Information , we determine our operating segments based on how our chief operating decision maker manages our operations, makes operating decisions and evaluates operating performance. Within our segments, we believe that the nature, amount, timing and uncertainty of our revenue and cash flows and how they are affected by economic factors can be further illustrated based on the timing in which revenue for each of our products and services is recognized. Our products and services are offered only to customers within the United States. The following tables disaggregate our revenues earned from external customers by each of our reportable segments: Year Ended December 31, 2022 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 364,929 $ 165,878 $ 218,979 $ 749,786 Transferred over time 205,798 448,612 3,213 657,623 Operating revenues (1) $ 570,727 $ 614,490 $ 222,192 $ 1,407,409 Note 3—Revenues (continued) Year Ended December 31, 2021 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 427,030 $ 176,716 $ 235,355 $ 839,101 Transferred over time 246,016 324,913 4,380 575,309 Operating revenues (1) $ 673,046 $ 501,629 $ 239,735 $ 1,414,410 Year Ended December 31, 2020 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 367,348 $ 161,520 $ 282,815 $ 811,683 Transferred over time 227,876 194,221 5,194 427,291 Operating revenues (1) $ 595,224 $ 355,741 $ 288,009 $ 1,238,974 (1) Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues. Also excludes the effects of inter-segment revenues. Revenues recognized at a point in time are comprised of interchange fees, ATM fees, overdraft protection fees, other similar cardholder transaction-based fees, and substantially all of our cash processing revenues. Revenues recognized over time consists of new card fees, monthly maintenance fees, revenue earned from gift cards and substantially all BaaS (as defined herein) partner program management fees. Significant Judgments and Estimates Transaction prices related to our account cardholder services are based on stand-alone fees stated within the terms and conditions and may also include certain elements of variable consideration depending upon the product’s features, such as cash-back rewards and fee assessments that may overdraw an account. We estimate such amounts using historical data and customer behavior patterns to determine these estimates which are recorded as a reduction to the corresponding fee revenue. Additionally, while the number of transactions that a cardholder may perform is unknown, any uncertainty is resolved at the end of each daily service contract. Contract Balances As disclosed on our consolidated balance sheets, we record deferred revenue for any upfront payments received in advance of our performance obligations being satisfied. These contract liabilities consist principally of unearned new card fees and monthly maintenance fees. We recognized approximately $26.0 million, $26.7 million and $25.9 million for the years ended December 31, 2022, 2021, and 2020, respectively, or substantially all of the amount of contract liabilities included in deferred revenue at the beginning of the respective periods and did not recognize any revenue during these periods from performance obligations satisfied in previous periods. Changes in the deferred revenue balance are driven primarily by the amount of new card fees recognized during the period, and the degree to which these reductions to the deferred revenue balance are offset by the deferral of new card fees associated with cards sold during the period. Costs to Obtain or Fulfill a Contract Our incremental direct costs of obtaining a contract consist primarily of revenue share payments we make to our retail partners associated with new card sales. These commissions are generally capitalized upon payment and expensed over the period the corresponding revenue is recognized. These deferred commissions are not material and are included in deferred expenses on our consolidated balance sheets. Practical Expedients and Exemptions Any unsatisfied performance obligations at the end of the period relate to contracts with customers that either have an original expected length of one year or less or are contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Therefore, no additional disclosure is provided for these performance obligations.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2022
Investment Securities [Abstract]
Investment Securities	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, 2022 Corporate bonds $ 10,000 $ — $ (654) $ 9,346 Agency bond securities 240,272 — (47,166) 193,106 Agency mortgage-backed securities 2,511,958 8 (373,704) 2,138,262 Municipal bonds 29,613 — (6,640) 22,973 Total investment securities $ 2,791,843 $ 8 $ (428,164) $ 2,363,687 December 31, 2021 Corporate bonds $ 10,000 $ — $ (27) $ 9,973 Agency bond securities 230,841 — (9,245) 221,596 Agency mortgage-backed securities 1,879,793 806 (32,268) 1,848,331 Municipal bonds 28,135 288 (243) 28,180 Asset-backed securities 7,326 99 (4) 7,421 Total investment securities $ 2,156,095 $ 1,193 $ (41,787) $ 2,115,501 As of December 31, 2022 and 2021, 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 Total unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In thousands) December 31, 2022 Corporate bonds $ — $ — $ 9,346 $ (654) $ 9,346 $ (654) Agency bond securities 8,972 (457) 184,133 (46,709) 193,105 (47,166) Agency mortgage-backed securities 892,068 (67,569) 1,243,588 (306,135) 2,135,656 (373,704) Municipal bonds 16,333 (3,370) 6,641 (3,270) 22,974 (6,640) Total investment securities $ 917,373 $ (71,396) $ 1,443,708 $ (356,768) $ 2,361,081 $ (428,164) December 31, 2021 Corporate bonds $ 9,973 $ (27) $ — $ — $ 9,973 $ (27) Agency bond securities 52,865 (2,128) 168,730 (7,117) 221,595 (9,245) Agency mortgage-backed securities 1,661,091 (27,899) 106,510 (4,369) 1,767,601 (32,268) Municipal bonds 9,678 (243) — — 9,678 (243) Asset-backed securities 2,358 (4) — — 2,358 (4) Total investment securities $ 1,735,965 $ (30,301) $ 275,240 $ (11,486) $ 2,011,205 $ (41,787) Our investments generally consist of highly rated securities, substantially all of which are directly or indirectly backed by the U.S. federal government, as our investment policy restricts our investments to highly liquid, low credit risk assets. As such, we have not recorded any significant credit-related impairment losses during the years ended December 31, 2022 or 2021 on our available-for-sale investment securities. Unrealized losses as of December 31, 2022 and 2021 are the result of continued increases in interest rates as our investment portfolio is comprised predominantly of fixed rate securities. Substantially all of the underlying securities within our investment portfolio were in an unrealized loss position as of December 31, 2022 and 2021 due to the timing of our investment purchases, as a significant portion of our investments were purchased prior to recent increases in interest rates by the Federal Reserve and from general volatility in market conditions. We do not intend to sell our investments, and we have determined that it is more likely than not that we will not be required to sell our investments before recovery of their amortized cost bases, which may be at maturity. Note 4—Investment Securities (continued) During the year ended December 31, 2020, we recorded a realized gain of approximately $5.1 million as a result of the sale of certain investment securities. The gain recognized upon sale of the investments was reclassified from accumulated other comprehensive income and was recorded as a component of other income and expenses on our consolidated statements of operations. As of December 31, 2022, the contractual maturities of our available-for-sale investment securities were as follows: Amortized cost Fair value (In thousands) Due after one year through five years $ 51,050 $ 45,320 Due after five years through ten years 174,222 139,242 Due after ten years 54,613 40,863 Mortgage and asset-backed securities 2,511,958 2,138,262 Total investment securities $ 2,791,843 $ 2,363,687 The expected payments on mortgage-backed and asset-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable, net consisted of the following: December 31, 2022 December 31, 2021 (In thousands) Trade receivables $ 26,083 $ 33,921 Reserve for uncollectible trade receivables (169) (82) Net trade receivables 25,914 33,839 Overdrawn cardholder balances from purchase transactions 3,821 5,395 Reserve for uncollectible overdrawn accounts from purchase transactions (2,230) (3,394) Net overdrawn cardholder balances from purchase transactions 1,591 2,001 Cardholder fees 2,480 4,054 Receivables due from card issuing banks 3,211 4,645 Fee advances, net 28,924 20,643 Other receivables 12,317 15,219 Accounts receivable, net $ 74,437 $ 80,401 Activity in the reserve for uncollectible overdrawn accounts from purchase transactions consisted of the following: Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 3,394 $ 1,653 $ 3,398 Provision for uncollectible overdrawn accounts from purchase transactions 13,771 19,822 7,684 Charge-offs (14,935) (18,081) (9,429) Balance, end of period $ 2,230 $ 3,394 $ 1,653

Loans to Bank Customers

Loans to Bank Customers	12 Months Ended
	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]
Loans to Bank Customers	Loans to Bank Customers The following table presents total outstanding loans, gross of the related allowance for credit losses, and a summary of the related payment status: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Current or Less Than 30 Days Past Due Total Outstanding (In thousands) December 31, 2022 Residential $ — $ — $ — $ — $ 4,264 $ 4,264 Commercial — — — — 2,542 2,542 Installment — — — — 1,407 1,407 Consumer 2,261 — — 2,261 12,185 14,446 Secured credit card 712 722 2,239 3,673 4,167 7,840 Total loans $ 2,973 $ 722 $ 2,239 $ 5,934 $ 24,565 $ 30,499 Percentage of outstanding 9.8 % 2.4 % 7.3 % 19.5 % 80.5 % 100.0 % December 31, 2021 Residential $ — $ — $ — $ — $ 3,722 $ 3,722 Commercial — — — — 3,392 3,392 Installment — — 3 3 1,340 1,343 Consumer 2,244 — — 2,244 7,788 10,032 Secured credit card 43 98 853 994 5,342 6,336 Total loans $ 2,287 $ 98 $ 856 $ 3,241 $ 21,584 $ 24,825 Percentage of outstanding 9.2 % 0.4 % 3.5 % 13.1 % 86.9 % 100.0 % We offer an optional overdraft protection program service on certain demand deposit account programs that allows cardholders who opt-in to spend up to a pre-authorized amount in excess of their available card balance. When overdrawn, the purchase related balances due on these deposit accounts are reclassified as consumer loans. Fees due from our cardholders for our overdraft service are included as a component of accounts receivable. Overdrawn balances are unsecured and considered immediately due from the cardholder. In December 2021, we made the determination to sell a portion of our secured credit card portfolio and reclassified these assets as loans held for sale. These loans are included in the long-term portion of prepaid and other assets on our consolidated balance sheets. Upon re-classification, we reversed any previous allowance for credit loss on these portfolios and recorded an estimated valuation allowance to reflect the portfolio at its estimated fair value. Changes in valuation allowances are recorded as a component of other income and expenses on our consolidated statements of operations. As of December 31, 2022 and 2021, the fair value of the loans held for sale amounted to approximately $5.3 million and $5.1 million, respectively. Nonperforming Loans The following table presents the carrying value, gross of the related allowance for credit losses, of our nonperforming loans. See Note 2—Summary of Significant Accounting Policies for further information on the criteria for classification as nonperforming. December 31, 2022 December 31, 2021 (In thousands) Residential $ 153 $ 195 Installment 96 115 Secured credit card 2,239 853 Total loans $ 2,488 $ 1,163 Note 6—Loans to Bank Customers (continued) Credit Quality Indicators We closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as the primary credit quality indicator. Classified loans include those designated as substandard, doubtful, or loss, consistent with regulatory guidelines. Secured credit card loans are considered classified if they are greater than 90 days past due. However, our secured credit card portfolio is collateralized by cash deposits made by each cardholder in an amount equal to the user's available credit limit, which mitigates the risk of any significant credit losses we expect to incur. The table below presents the carrying value, gross of the related allowance for credit losses, of our loans within the primary credit quality indicators related to our loan portfolio: December 31, 2022 December 31, 2021 Non-Classified Classified Non-Classified Classified (In thousands) Residential $ 4,035 $ 229 $ 3,481 $ 241 Commercial 2,542 — 3,392 — Installment 1,306 101 1,228 115 Consumer 14,446 — 10,032 — Secured credit card 5,601 2,239 5,483 853 Total loans $ 27,930 $ 2,569 $ 23,616 $ 1,209 Allowance for Credit Losses Activity in the allowance for credit losses on our loan portfolio consisted of the following: Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 5,555 $ 757 $ 1,166 Provision for loans 32,352 24,978 859 Loans charged off (28,829) (20,381) (1,697) Recoveries of loans previously charged off — 201 429 Balance, end of period $ 9,078 $ 5,555 $ 757

Equity Method Investments

Equity Method Investments	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments On January 2, 2020, we effectuated our agreement with Walmart to jointly establish a new fintech accelerator under the name TailFin Labs, LLC (“TailFin Labs”), with a mission to develop innovative products, services and technologies that sit at the intersection of retail shopping and consumer financial services. The entity is majority-owned by Walmart and focuses on developing tech-enabled solutions to integrate omni-channel retail shopping and financial services. We hold a 20% ownership interest in the entity, in exchange for annual capital contributions of $35.0 million per year from January 2020 through January 2024. We account for our investment in TailFin Labs under the equity method of accounting in accordance with ASC 323, Investments – Equity Method and Joint Ventures. Under the equity method of accounting, the initial investment is recorded at cost and the investment is subsequently adjusted for, among other things, its proportionate share of earnings or losses. However, given the capital structure of the TailFin Labs arrangement, we apply the Hypothetical Liquidation Book Value ("HLBV") method to determine the allocation of profits and losses since our liquidation rights and priorities, as defined by the agreement, differ from our underlying ownership interest. The HLBV method calculates the proceeds that would be attributable to each partner in an investment based on the liquidation provisions of the agreement if the partnership was to be liquidated at book value as of the balance sheet date. Each partner’s allocation of income or loss in the period is equal to the change in the amount of net equity they are legally able to claim based on a hypothetical liquidation of the entity at the end of a reporting period compared to the beginning of that period, adjusted for any capital transactions. Note 7—Equity Method Investments (continued) Any future economic benefits derived from products or services developed by TailFin Labs will be negotiated on a case-by-case basis between the parties. As of December 31, 2022 and 2021, our net investment in TailFin Labs amounted to approximately $82.4 million and $61.5 million, respectively, and is included in the long-term portion of prepaid expenses and other assets on our consolidated balance sheets. We recorded equity in losses from TailFin Labs of approximately $14.1 million, $2.3 million and $7.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. These amounts are recorded as a component of other income and expense on our consolidated statements of operations. Our equity method investments also include an investment held by our bank, which amounted to $4.8 million and $6.4 million at December 31, 2022 and 2021, respectively. We recorded equity in losses from this investment of approximately $1.6 million for the year ended December 31, 2022, and equity in earnings of $3.9 million and $0.7 million for the years ended December 31, 2021 and 2020, respectively.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2022
Property and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following: December 31, 2022 2021 (In thousands) Land $ 205 $ 205 Building 605 605 Computer equipment, furniture, and office equipment 35,696 58,306 Computer software purchased 17,658 31,012 Capitalized internal-use software 321,732 271,503 Tenant improvements 7,066 5,007 382,962 366,638 Less accumulated depreciation and amortization (222,740) (231,297) Property and equipment, net $ 160,222 $ 135,341 The net carrying value of capitalized internal-use software was $149.2 million and $125.1 million at December 31, 2022 and 2021, respectively. Total depreciation and amortization expense was $57.1 million, $57.0 million and $58.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. Included in those amounts are depreciation expense related to internal-use software of $49.9 million, $47.5 million and $43.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. We recorded an impairment charge to property and equipment of $4.3 million, $0, and $21.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. Impairment charges for the year ended December 31, 2022 related to internal-use software that we determined would no longer be utilized. Impairment charges for the year ended December 31, 2020 were primarily associated with capitalized internal-use software, as well as tenant improvements and other computer equipment at our office locations that would no longer provide any future economic benefit as a result of our remote workforce strategy.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and intangible assets on our consolidated balance sheets consisted of the following: December 31, 2022 2021 (In thousands) Goodwill $ 301,790 $ 301,790 Intangible assets, net 143,293 165,153 Goodwill and intangible assets $ 445,083 $ 466,943 Note 9—Goodwill and Intangible Assets (continued) Goodwill There were no changes in the composition of goodwill from the previous year. We completed our annual goodwill impairment test as of September 30, 2022. Based on the results of the annual goodwill impairment test, we determined that each of the fair values of our reporting units exceeded their carrying values and therefore, no impairment was recorded. Intangible Assets The gross carrying amounts and accumulated amortization related to intangibles assets were as follows: December 31, 2022 December 31, 2021 Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Weighted Average Useful Lives (In thousands) (In thousands) (Years) Customer relationships $ 309,773 $ (194,858) $ 114,915 $ 309,773 $ (174,543) $ 135,230 12.8 Trade names 44,086 (24,126) 19,960 44,086 (21,331) 22,755 14.6 Patents 3,000 (2,182) 818 3,000 (1,909) 1,091 11.0 Software licenses 13,777 (6,291) 7,486 10,389 (4,551) 5,838 3.0 Other 5,964 (5,850) 114 5,964 (5,725) 239 5.0 Total intangible assets $ 376,600 $ (233,307) $ 143,293 $ 373,212 $ (208,059) $ 165,153 Amortization expense on finite-lived intangibles, a component of other general and administrative expenses, was $23.5 million, $27.8 million, and $28.1 million for the years ended December 31, 2022, 2021, and 2020, respectively. None of our intangible assets were impaired as of December 31, 2022 or 2021. The following table shows our estimated amortization expense for intangible assets for each of the next five succeeding years and thereafter: December 31, (In thousands) 2023 $ 25,068 2024 23,756 2025 22,786 2026 21,891 2027 17,731 Thereafter 32,061 Total $ 143,293

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Deposits	Deposits Deposits are categorized as non-interest or interest-bearing deposits as follows: December 31, 2022 2021 (In thousands) Non-interest bearing deposit accounts $ 3,427,799 $ 3,258,650 Interest-bearing deposit accounts Checking accounts 2,461 5,900 Savings 7,899 7,398 Secured card deposits 6,933 9,673 Time deposits, denominations greater than or equal to $250 2,275 2,497 Time deposits, denominations less than $250 2,738 2,771 Total interest-bearing deposit accounts 22,306 28,239 Total deposits $ 3,450,105 $ 3,286,889 Note 10—Deposits (continued) The scheduled contractual maturities for total time deposits are presented in the table below: December 31, (In thousands) Due in 2023 $ 1,592 Due in 2024 518 Due in 2025 730 Due in 2026 801 Due in 2027 1,372 Total time deposits $ 5,013 As of December 31, 2022 and 2021, we had aggregate time deposits of $2.3 million and $2.5 million, respectively, in denominations that met or exceeded the Federal Deposit Insurance Corporation ("FDIC") insurance limit.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt In October 2019, we entered into a secured credit agreement with Wells Fargo Bank, National Association, and other lenders party thereto. The credit facility provides for a $100.0 million five-year revolving line of credit (the "2019 Revolving Facility"), maturing in October 2024. We use the proceeds of any borrowings under the 2019 Revolving Facility for working capital and other general corporate purposes, subject to the terms and conditions set forth in the credit agreement. We classify amounts outstanding as long-term on our consolidated balance sheets, however, we may make voluntary repayments at any time prior to maturity. As of December 31, 2022, the outstanding balance on the 2019 Revolving Facility was $35 million. At our election, loans made under the credit agreement bear interest at 1) a LIBOR rate (the “LIBOR Rate") or 2) a base rate determined by reference to the highest of (a) the United States federal funds rate plus 0.50%, (b) the Wells Fargo prime rate and (c) a daily rate equal to one-month LIBOR plus 1.0% (the “Base Rate"), plus in either case an applicable margin. The margin is dependent upon on our total leverage ratio and varies from 1.25% to 2.00% for LIBOR Rate loans and 0.25% to 1.00% for Base Rate loans. The interest rate on our outstanding balance as of December 31, 2022 was 5.52%. We also pay a commitment fee, which varies from 0.20% to 0.35% per annum on the actual daily unused portions of the 2019 Revolving Facility. Letter of credit fees are payable in respect of outstanding letters of credit at a rate per annum equal to the applicable margin for LIBOR Rate loans. The terms of our existing agreement also provide for a method to determine an alternative benchmark interest rate, which will apply when the LIBOR rates cease to be available in June 2023. This alternative benchmark rate will be selected between the parties taking into consideration recommendations from regulatory bodies or based on prevailing market conventions at the time the alternative rate is established, and may include the Secured Overnight Financing Rate. The 2019 Revolving Facility contains certain affirmative and negative covenants including negative covenants that limit or restrict, among other things, liens, indebtedness, investments and acquisitions, mergers and fundamental changes, asset sales, restricted payments, changes in the nature of the business, transactions with affiliates and other matters customarily restricted in such agreements. We must also maintain a minimum fixed charge coverage ratio and a maximum consolidated leverage ratio at the end of each fiscal quarter, as set forth in the credit agreement. At December 31, 2022, we were in compliance with all such covenants. If an event of default shall occur and be continuing under the facility, the commitments may be terminated and the principal amounts outstanding under the 2019 Revolving Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. We did not incur any meaningful cash interest expense related to our debt during the years ended December 31, 2022 and 2021. Cash interest expense related to our debt was $0.6 million for the year ended December 31 , 2020.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock Our Certificate of Incorporation specifies the following rights, preferences, and privileges for our common stockholders. Voting Holders of our Class A common stock are entitled to one vote per share. We have not provided for cumulative voting for the election of directors in our restated Certificate of Incorporation. In addition, our Certificate of Incorporation provides that a holder, or group of affiliated holders, of more than 24.9% of our common stock may not vote shares representing more than 14.9% of the voting power represented by the outstanding shares of our Class A common stock. Dividends Subject to preferences that may apply to any shares of preferred stock outstanding at the time, the holders of outstanding shares of our Class A common stock are entitled to receive dividends out of funds legally available at the times and in the amounts that our board of directors may determine. In the event a dividend is paid in the form of shares of common stock or rights to acquire shares of common stock, the holders of Class A common stock will receive Class A common stock, or rights to acquire Class A common stock, as the case may be. Liquidation Upon our liquidation, dissolution or winding-up, the assets legally available for distribution to our stockholders would be distributable ratably among the holders of our Class A common stock and any participating preferred stock outstanding at that time after payment of liquidation preferences, if any, on any outstanding shares of our preferred stock and payment of other claims of creditors. Preemptive or Similar Rights Our Class A common stock is not entitled to preemptive rights or subject to redemption. Comprehensive Income The tax impact on unrealized losses and gains on investment securities available-for-sale for the years ended December 31, 2022 , 2021 and 2020 was approximately $(94.6) million, $(11.5) million and $0.3 million, respectively. Stock Repurchase Program In February 2022, our Board of Directors authorized an increase to our stock repurchase program to $100 million for any future repurchases. As of December 31, 2022, we have an authorized $4.5 million remaining under our current stock repurchase program for additional repurchases. Accelerated Share Repurchases In March 2022, we entered into an accelerated share repurchase arrangement ("ASR") with a financial institution for an up-front payment of $25 million. Final settlement of the ASR was completed in April 2022. The final number of shares received upon settlement for the ASR was determined based on the volume-weighted average price of our common stock over the term of the agreement less an agreed upon discount and subject to adjustments pursuant to the terms and conditions of the ASR. Total shares repurchased under the ASR amounted to 914,037 shares at a volume-weighted average price of $27.35. The up-front payment was accounted for as a reduction to shareholders’ equity on our consolidated balance sheets in the period the payments were made. The ASR was accounted for in two separate transactions: 1) a treasury stock repurchase for the initial shares received and 2) a forward stock purchase contract indexed to our own stock for the unsettled portion of the ASR. The par value of the shares received were recorded as a reduction to common stock with the remainder recorded as a reduction to additional paid-in capital. The ASR met all of the applicable criteria for equity classification, and therefore was not accounted for as a derivative instrument. The initial repurchase of shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. The shares were retired upon repurchase, but remain authorized for registration and issuance in the future. Note 12—Stockholders’ Equity (continued) Other Repurchases In March 2022, we also entered into a repurchase plan under Rule 10b5-1 of the Exchange Act for $75 million that went into effect at the conclusion of the ASR. The agreement allowed for $10 million of monthly share repurchases through December 31, 2022 until the contract amount was reached, unless otherwise terminated. In December 2022, we early terminated the agreement just prior to completing the entire $75 million of repurchases. As of December 31, 2022, we repurchased 3,150,181 shares at a volume-weighted average price of $22.39 under our 10b5-1 plan. Walmart Restricted Shares On January 2, 2020, we issued Walmart, in a private placement, 975,000 restricted shares of our Class A Common Stock. The shares vested in equal monthly increments through December 1, 2022, however, Walmart was entitled to voting rights and to participate in any dividends paid from the issuance date on the unvested balance. As such, the total amount of restricted shares issued were included in our total Class A shares outstanding at the end of each period. As of December 31, 2022, there were no unvested shares remaining. The estimated grant-date fair value of the restricted shares is recorded as a component of stock-based compensation expense over the related period we expect to benefit under our relationship with Walmart.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In June 2010, our board of directors adopted, and in July 2010 our stockholders approved, the 2010 Equity Incentive Plan, which replaced our 2001 Stock Plan, and the 2010 Employee Stock Purchase Plan. The 2010 Equity Incentive Plan authorizes the award of stock options, restricted stock awards, stock appreciation rights, restricted stock units, performance shares and stock bonuses. Options granted under the 2010 Equity Incentive Plan generally vest over four years and expire five years or ten years from the date of grant. The 2010 Employee Stock Purchase Plan enables eligible employees to purchase shares of our Class A common stock periodically at a discount. Our 2010 Employee Stock Purchase Plan is intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code. Approximately 3.8 million shares are available for grant under the 2010 Equity Incentive Plan as of December 31, 2022. Stock-based compensation for the years ended December 31, 2022, 2021, and 2020 includes expense related to awards of stock options, performance and service based restricted stock units and purchases under the 2010 Employee Stock Purchase Plan. Total stock-based compensation expense and the related income tax benefit were as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Total stock-based compensation expense $ 34,812 $ 51,419 $ 53,694 Related income tax benefit 4,417 3,375 6,573 Restricted Stock Units The following table summarizes restricted stock units with only service conditions granted under our 2010 Equity Incentive Plan: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Restricted stock units granted 933 1,073 1,618 Weighted-average grant-date fair value $ 27.77 $ 48.20 $ 31.12 Note 13—Stock-Based Compensation (continued) Restricted stock unit activity for the year ended December 31, 2022 was as follows: Shares Weighted-Average Grant-Date Fair Value (In thousands, except per share data) Outstanding at December 31, 2021 1,596 $ 42.71 Restricted stock units granted 933 27.77 Restricted stock units vested (588) 41.72 Restricted stock units canceled (386) 42.88 Outstanding at December 31, 2022 1,555 $ 34.08 The total fair value of restricted stock vested for the years ended December 31, 2022, 2021 and 2020 was $15.8 million, $23.4 million and $25.6 million, respectively, based on the price of our Class A common stock on the vesting date. Performance-Based Restricted Stock Units We grant performance-based restricted stock units to certain employees that are subject to the attainment of pre-established internal performance conditions, market conditions, or a combination thereof (collectively referred to herein as "performance-based restricted stock units"). The actual number of shares subject to the award is determined at the end of the performance period and may range from zero to 200% of the target shares granted depending upon the terms of the award. These awards generally contain an additional service component after each performance period is concluded and the unvested balance of the shares after the performance metrics are achieved will vest over the remaining requisite service period. Compensation expense related to these awards is recognized using the accelerated attribution method over the vesting period based on the grant date fair value of the award. The following table summarizes the performance-based restricted stock units granted under our 2010 Equity Incentive Plan: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Performance restricted stock units granted 88 760 1,045 Weighted-average grant-date fair value $ 27.74 $ 38.95 $ 33.15 Performance-based restricted stock unit activity for the year ended December 31, 2022 was as follows: Shares Weighted-Average Grant-Date Fair Value (In thousands, except per share data) Outstanding at December 31, 2021 1,377 $ 35.96 Performance restricted stock units granted (at target) 88 27.74 Performance restricted stock units vested (196) 37.57 Performance restricted stock units canceled (651) 37.17 Actual adjustment for certified performance periods 26 49.78 Outstanding at December 31, 2022 644 $ 32.40 The total fair value of all performance-based restricted stock vested for the years ended December 31, 2022, 2021 and 2020 was $4.2 million, $17.6 million and $12.4 million, respectively, based on the price of our Class A common stock on the vesting date. Note 13—Stock-Based Compensation (continued) Stock Options Total stock option activity for the year ended December 31, 2022 was as follows: Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In thousands, except per share data and years) Outstanding at December 31, 2021 1,204 $ 26.62 Options exercised (14) 16.80 Options canceled (19) 12.91 Outstanding at December 31, 2022 1,171 $ 26.97 3.66 $ — Exercisable at December 31, 2022 1,171 26.97 3.66 $ — We have not issued any stock option awards from our 2010 Equity Incentive Plan during the year ended December 31, 2022. The total intrinsic value of options exercised was $0.1 million, $2.0 million and $10.5 million for the years ended December 31, 2022, 2021, and 2020, respectively. As of December 31, 2022, the aggregate intrinsic value of our option awards outstanding was zero, as the fair value per Class A common share exceeded each option's exercise price.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax expense included in our consolidated statements of operations were as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Current: Federal $ 20,304 $ 11,748 $ 15,846 State 5,413 1,126 3,650 Foreign 666 624 471 Current income tax expense 26,383 13,498 19,967 Deferred: Federal (4,031) 2,674 (11,212) State (2,730) 57 (3,722) Foreign 87 (9) (69) Deferred income tax (benefit) expense (6,674) 2,722 (15,003) Income tax expense $ 19,709 $ 16,220 $ 4,964 Income tax expense differs from the amount computed by applying the statutory federal income tax rate to income before income taxes. The sources and tax effects of the differences are as follows: Note 14—Income Taxes (continued) Year Ended December 31, 2022 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 2.2 1.2 (2.0) General business credits (3.2) (2.2) (10.9) Stock-based compensation 3.2 (2.6) (7.7) IRC 162(m) limitation 0.8 8.0 17.2 Capital loss valuation allowance release — — (1.1) Nondeductible penalties — — 1.1 Other (0.5) 0.1 0.1 Effective tax rate 23.5 % 25.5 % 17.7 % The effective tax rate for the year ended December 31, 2022 and 2021 differs from the statutory federal income tax rate of 21%, primarily due to state income taxes, net of federal tax benefits, general business credits, stock-based compensation, and the Internal Revenue Code (the "IRC") 162(m) limitation on the deductibility of executive compensation. The decrease in the effective tax rate for the year ended December 31, 2022 as compared to the prior year ended December 31, 2021 is primarily due to a decrease of the IRC 162(m) limitation on the deductibility of certain executive compensation and an increase of general business credits. This decrease was partially offset by tax shortfalls from stock-based compensation and an expenses related to state taxes, net of federal benefits. On August 16, 2022, the Inflation Reduction Act of 2022 (the "IRA") was signed into law. The IRA contains a number of revisions to the IRC, including a 15% corporate minimum income tax and a 1% excise tax on corporate stock repurchases in tax years beginning after December 31, 2022. These tax law revisions have no immediate effect and we do not expect that they will have a material impact on our results of operations in the future. We have made a policy election to account for Global Intangible Low-Taxed Income ("GILTI") in the year the GILTI tax is incurred. For the year ended December 31, 2022, the provision for GILTI tax expense was not material to our financial statements. The tax effects of temporary difference that give rise to significant portions of our deferred tax assets and liabilities were as follows: December 31, 2022 2021 (In thousands) Deferred tax assets: Net operating loss carryforwards $ 8,606 $ 8,292 Stock-based compensation 9,203 9,106 Reserve for overdrawn accounts 5,261 13,777 Accrued liabilities 6,462 8,590 Lease liabilities 1,384 2,696 Tax credit carryforwards 11,770 11,409 Unrealized loss on available-for-sale securities 105,393 9,730 Other 5,284 1,995 Total deferred tax assets $ 153,363 $ 65,595 Deferred tax liabilities: Internal-use software costs $ 14,700 $ 31,591 Property and equipment, net 1,432 533 Deferred expenses 3,686 4,257 Intangible assets 15,020 12,482 Lease right-of-use assets 1,366 1,684 Total deferred tax liabilities 36,204 50,547 Net deferred tax assets $ 117,159 $ 15,048 Note 14—Income Taxes (continued) We establish a valuation allowance when we consider it more-likely-than-not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2022 and 2021, we did not have a valuation allowance on any of our deferred tax assets as we believe it is more-likely-than-not that we will realize the benefits of our deferred tax assets. We are subject to examination by the Internal Revenue Service, or IRS, and various state tax authorities. We remain subject to examination of our federal income tax returns for the years ended December 31, 2017 through 2021. We generally remain subject to examination of our various state income tax returns for a period of four As of December 31, 2022, we had federal net operating loss carryforwards of approximately $15.2 million and state net operating loss carryforwards of approximately $102.3 million which will be available to offset future income. If not used, the federal net operating losses will expire between 2029 and 2034. In regard to the state net operating loss carryforwards, approximately $59.0 million will expire between 2026 and 2042, while the remaining balance of approximately $43.3 million, does not expire and carries forward indefinitely. The net operating losses are subject to an annual IRC Section 382 limitation which restricts their utilization against taxable income in future periods. In addition, we have state business tax credits of approximately $18.9 million that can be carried forward indefinitely and other state business tax credits of approximately $1.1 million that will expire between 2023 and 2027. As of December 31, 2022 and 2021, we had a liability of $11.2 million and $11.0 million, respectively, for unrecognized tax benefits related to various federal and state income tax matters excluding interest, penalties and related tax benefits. The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Beginning balance $ 10,972 $ 9,518 $ 8,398 Increases related to positions taken during prior years 6 84 482 Increases related to positions taken during the current year 1,260 1,470 1,500 Decreases due to a lapse of applicable statute of limitations (1,060) (100) (862) Ending balance $ 11,178 $ 10,972 $ 9,518 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $ 10,720 $ 10,654 $ 9,424 We recognized accrued interest and penalties related to unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020, of approximately $0.9 million, $0.8 million and $0.5 million, respectively.

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The calculation of basic and diluted earnings per share ("EPS") was as follows: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Basic earnings per Class A common share Numerator: Net income $ 64,212 $ 47,480 $ 23,131 Amount attributable to unvested Walmart restricted shares (178) (412) (346) Net income allocated to Class A common stockholders $ 64,034 $ 47,068 $ 22,785 Denominator: Weighted-average Class A shares issued and outstanding 53,351 54,070 52,438 Basic earnings per Class A common share $ 1.20 $ 0.87 $ 0.43 Diluted earnings per Class A common share Numerator: Net income allocated to Class A common stockholders $ 64,034 $ 47,068 $ 22,785 Re-allocated earnings 2 9 8 Diluted net income allocated to Class A common stockholders $ 64,036 $ 47,077 $ 22,793 Denominator: Weighted-average Class A shares issued and outstanding 53,351 54,070 52,438 Dilutive potential common shares: Stock options 29 464 233 Service based restricted stock units 160 408 708 Performance-based restricted stock units 295 265 306 Employee stock purchase plan 36 13 — Diluted weighted-average Class A shares issued and outstanding 53,871 55,220 53,685 Diluted earnings per Class A common share $ 1.19 $ 0.85 $ 0.42 The restricted shares issued to Walmart contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing EPS pursuant to the two-class method. The computation above excludes income attributable to the unvested restricted shares from the numerator and excludes the dilutive impact of those underlying shares from the denominator. For the periods presented, we excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation: Year Ended December 31, 2022 2021 2020 (In thousands) Class A common stock Options to purchase Class A common stock 152 139 731 Service based restricted stock units 1,161 245 101 Performance-based restricted stock units 586 857 301 Unvested Walmart restricted shares 148 473 796 Total 2,047 1,714 1,929

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs used to measure fair value. For more information regarding the fair value hierarchy and how we measure fair value, see Note 2—Summary of Significant Accounting Policies . As of December 31, 2022 and 2021, our assets and liabilities carried at fair value on a recurring basis were as follows: Level 1 Level 2 Level 3 Total Fair Value December 31, 2022 (In thousands) Assets Investment securities: Corporate bonds $ — $ 9,346 $ — $ 9,346 Agency bond securities — 193,106 — 193,106 Agency mortgage-backed securities — 2,138,262 — 2,138,262 Municipal bonds — 22,973 — 22,973 Loans held for sale — — 5,324 5,324 Total assets $ — $ 2,363,687 $ 5,324 $ 2,369,011 December 31, 2021 Assets Investment securities: Corporate bonds $ — $ 9,973 $ — $ 9,973 Agency bond securities — 221,596 — 221,596 Agency mortgage-backed securities — 1,848,331 — 1,848,331 Municipal bonds — 28,180 — 28,180 Asset-backed securities — 7,421 — 7,421 Loans held for sale — — 5,148 5,148 Total assets $ — $ 2,115,501 $ 5,148 $ 2,120,649 Liabilities Contingent consideration $ — $ — $ 1,347 $ 1,347 We based the fair value of our fixed income securities held as of December 31, 2022 and 2021 on either quoted prices in active markets for similar assets or identical securities in inactive markets. We had no transfers between Level 1, Level 2 or Level 3 assets or liabilities during the years ended December 31, 2022 and 2021. The following table presents changes in our contingent consideration payable for the years ended December 31, 2022 , 2021 and 2020, which is categorized in Level 3 of the fair value hierarchy: Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 1,347 $ 5,300 $ 9,300 Payments of contingent consideration (1,647) (4,000) (4,000) Change in fair value of contingent consideration 300 47 — Balance, end of period $ — $ 1,347 $ 5,300 A reconciliation of changes in fair value for Level 3 assets or liabilities are not considered material to these consolidated financial statements and therefore are not presented for any of the periods presented.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following describes the valuation technique for determining the fair value of financial instruments, whether or not such instruments are carried at fair value on our consolidated balance sheets. Short-term Financial Instruments Our short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, settlement assets and obligations, and obligations to customers . These financial instruments are short-term in nature, and, accordingly, we believe their carrying amounts approximate their fair values. Under the fair value hierarchy, these instruments are classified as Level 1. Investment Securities The fair values of investment securities have been derived using methodologies referenced in Note 2 — Summary of Significant Accounting Policies. Under the fair value hierarchy, our investment securities are classified as Level 2. Loans We determined the fair values of loans by discounting both principal and interest cash flows expected to be collected using a discount rate commensurate with the risk that we believe a market participant would consider in determining fair value. Under the fair value hierarchy, our loans are classified as Level 3. Deposits The fair value of demand and interest checking deposits and savings deposits is the amount payable on demand at the reporting date. We determined the fair value of time deposits by discounting expected future cash flows using market-derived rates based on our market yields on certificates of deposit, by maturity, at the measurement date. Under the fair value hierarchy, our deposits are classified as Level 2. Contingent Consideration The fair value of contingent consideration obligations, such as the earn-out associated with our acquisition of UniRush LLC ("UniRush") in 2017, was estimated through valuation models designed to estimate the probability of such contingent payments based on various assumptions. Estimated payments were discounted using present value techniques to arrive at an estimated fair value. Our contingent consideration payable was classified as Level 3 because we used unobservable inputs to estimate fair value, including the probability of achieving certain earnings thresholds and appropriate discount rates. Changes in fair value of contingent consideration were recorded through operating expenses. Debt The fair value of our revolving line of credit is based on borrowing rates currently available to a market participant for loans with similar terms or maturity. The carrying amount of our revolving line of credit approximates fair value because the base interest rate charged varies with market conditions and the credit spread is commensurate with current market spreads for issuers of similar risk. The fair value of our revolving line of credit is classified as a Level 2 liability in the fair value hierarchy. Fair Value of Financial Instruments The carrying values and fair values of certain financial instruments that were not carried at fair value, excluding short-term financial instruments for which the carrying value approximates fair value, at December 31, 2022 and 2021 are presented in the table below. December 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Financial Assets Loans to bank customers, net of allowance $ 21,421 $ 18,201 $ 19,270 $ 17,481 Financial Liabilities Deposits $ 3,450,105 $ 3,450,017 $ 3,286,889 $ 3,286,837

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2022
Concentrations of Credit Risk [Abstract]
Concentrations of Credit Risk	Concentrations of Credit RiskFinancial instruments that subject us to concentration of credit risk consist primarily of unrestricted cash and cash equivalents, restricted cash, investment securities, accounts receivable, loans and settlement assets. We deposit a portion of our unrestricted cash and cash equivalents and our restricted cash with regional and national banking institutions that we periodically monitor and evaluate for creditworthiness. Credit risk for our investment securities is mitigated by the types of investment securities in our portfolio, which must comply with strict investment guidelines that we believe appropriately ensures the preservation of invested capital. Substantially all of our investment portfolio as of December 31, 2022 is directly or indirectly backed by the U.S. federal government. Credit risk for our accounts receivable is concentrated with card issuing banks and our customers, and this risk is mitigated by the relatively short collection period and our large customer base. We do not require or maintain collateral for accounts receivable. We maintain reserves for uncollectible overdrawn accounts and uncollectible trade receivables. With respect to our loan portfolio (excluding secured credit cards), we closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis and maintain adequate allowances. Credit risk associated with our secured credit card portfolio is mitigated by collateral provided by the borrower in the amount of their credit limit. Credit risk for our settlement assets is concentrated with our retail distributors, well-established third-party payment processors and other business partners, which we frequently monitor and is further mitigated by the short collection period.Significant Retailer and Partner Concentration A credit concentration may exist if customers are involved in similar industries, economic sectors, and geographic regions. Our retail distributors operate in similar economic sectors but diverse domestic geographic regions. The loss of a significant retail distributor could have a material adverse effect upon our card sales, profitability, and revenue growth. Revenues derived from our products sold at retail distributors constituting greater than 10% of our total operating revenues were as follows: Year Ended December 31, 2022 2021 2020 Walmart 21% 24% 27% In addition, approximately 30%, 20%, and 13% of our total operating revenues for the years ended December 31, 2022, 2021 and 2020, respectively, were generated from a single BaaS partner, but without a corresponding concentration to our gross profit for the respective periods.

Defined Contribution Plan

Defined Contribution Plan	12 Months Ended
	Dec. 31, 2022
Defined Contribution Plan [Abstract]
Defined Contribution Plan	Defined Contribution PlanOn January 1, 2004, we established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. Employees who have attained at least 21 years of age are generally eligible to participate in the plan on the first day of the calendar month following the month in which they commence service with us. Participants may make pre-tax or after-tax contributions to the plan from their eligible earnings up to the statutorily prescribed annual limit on contributions under the code. We may contribute to the plan at the discretion of our board of directors. Currently, employer contributions amount to 50% of the first 5% of a participant's eligible compensation. Our contributions are allocated in the same manner as that of the participant’s elective contributions. We made contributions to the plan of $2.8 million, $2.3 million, and $2.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases Our leases consist of operating lease agreements principally related to our corporate and subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of less than 1 year to approximately 10 years, most of which generally include renewal options of varying terms. Our total lease expense amounted to approximately $4.4 million, $3.9 million, and $9.2 million for the years ended December 31, 2022, 2021 and 2020, respectively. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material. Additional Information Additional information related to our right of use assets and related lease liabilities is as follows: Year Ended December 31, 2022 2021 2020 Cash paid for operating lease liabilities (in thousands) $ 7,871 $ 10,101 $ 9,910 Weighted average remaining lease term (years) 3.4 2.8 3.3 Weighted average discount rate 4.9 % 4.8 % 4.8 % Note 20—Leases (continued) Maturities of our operating lease liabilities as of December 31, 2022 is as follows: Operating Leases (In thousands) 2023 $ 2,925 2024 3,935 2025 1,288 2026 280 2027 248 Thereafter 1,386 10,062 Less: imputed interest (1,648) Total lease liabilities $ 8,414

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Financial Commitments As discussed in Note 7—Equity Method Investments , we are committed to making annual capital contributions in TailFin Labs, LLC of $35.0 million per year from January 2020 through January 2024. Litigation and Claims In the ordinary course of business, we are a party to various legal proceedings, including, from time to time, actions which are asserted to be maintainable as class action suits. We review these actions on an ongoing basis to determine whether it is probable and estimable that a loss has occurred and use that information when making accrual and disclosure decisions. We have provided reserves where necessary for all claims and, based on current knowledge and in part upon the advice of legal counsel, all matters are believed to be adequately covered by insurance, or, if not covered, we do not expect the outcome in any legal proceedings, individually or collectively, to have a material adverse impact on our financial condition or results of operations. On December 18, 2019, an alleged class action entitled Koffsmon v. Green Dot Corp., et al. , No. 19-cv-10701-DDP-E, was filed in the United States District Court for the Central District of California, against us and two of our former officers. The suit asserts purported claims under Sections 10(b) and 20(a) of the Exchange Act for allegedly misleading statements regarding our business strategy. Plaintiff alleges that defendants made statements that were misleading because they allegedly failed to disclose details regarding our customer acquisition strategy and its impact on our financial performance. The suit is purportedly brought on behalf of purchasers of our securities between May 9, 2018 and November 7, 2019, and seeks compensatory damages, fees and costs. On October 6, 2021, the Court appointed the New York Hotel Trades Council & Hotel Association of New York City, Inc. Pension Fund as lead plaintiff, and on April 1, 2022, plaintiff filed its First Amended Complaint. Defendants filed a motion to dismiss the First Amended Complaint on May 31, 2022, and the motion was heard on December 12, 2022. On February 18, 2020, a shareholder derivative suit and securities class action entitled Hellman v. Streit, et al. , No. 20-cv-01572-SVW-PVC was filed in United States District Court for the Central District of California, against us and certain of our officers and directors. The suit avers purported breach of fiduciary duty and unjust enrichment claims, as well as claims under Sections 10(b), 14(a) and 20(a) of the Exchange Act, on the basis of the same wrongdoing alleged in the first lawsuit described above. The suit does not define the purported class allegedly damaged. These cases have been related and, pursuant to a stipulated agreement between the parties, the Hellman suit is stayed pending resolution of any motions to dismiss in the Koffsman case reference above, after which time the parties will meet and confer on a case schedule, including the schedule for defendants to respond to the complaint. We have not yet responded to the complaints in these matters. Due to the inherent uncertainties of litigation, we cannot accurately predict the ultimate outcome of these matters. Given the uncertainty of litigation and the preliminary stage of these claims, we are currently unable to estimate the probability of the outcome of these actions or the range of reasonably possible losses, if any, or the impact on our results of operations, financial condition or cash flows, except as disclosed. Note 21—Commitments and Contingencies (continued) Other Legal Matters We monitor the laws of all 50 states to identify state laws or regulations that apply (or may apply) to our products and services. We have obtained money transmitter licenses (or similar such licenses) where applicable, based on advice of counsel or when we have been requested to do so. If we were found to be in violation of any laws and regulations governing banking, money transmitters, electronic fund transfers, or money laundering in the United States or abroad, we could be subject to penalties or could be forced to change our business practices. From time to time, we enter into contracts containing provisions that contingently require us to indemnify various parties against claims from third parties. These contracts primarily relate to: (i) contracts with our card issuing banks, under which we are responsible to them for any unrecovered overdrafts on cardholders’ accounts; (ii) certain real estate leases, under which we may be required to indemnify property owners for environmental and other liabilities, and other claims arising from our use of the premises; (iii) certain agreements with our officers, directors, and employees, under which we may be required to indemnify these persons for liabilities arising out of their relationship with us; and (iv) contracts under which we may be required to indemnify our retail distributors, suppliers, vendors and other parties with whom we have contracts against claims arising from certain of our actions, omissions, violations of law and/or infringement of patents, trademarks, copyrights and/or other intellectual property rights. Generally, a maximum obligation under these contracts is not explicitly stated. Because the obligated amounts associated with these types of agreements are not explicitly stated, the overall maximum amount of the obligation cannot be reasonably estimated. With the exception of overdrafts on cardholders’ accounts, historically, we have not been required to make payments under these and similar contingent obligations, and no liabilities have been recorded for these obligations in our consolidated balance sheets. For additional information regarding overdrafts on cardholders’ accounts, refer to Note 5—Accounts Receivable .

Significant Retailer and Partne

Significant Retailer and Partner Concentration	12 Months Ended
	Dec. 31, 2022
Significant Customer Concentrations [Abstract]
Significant Retailer and Partner Concentration	Concentrations of Credit RiskFinancial instruments that subject us to concentration of credit risk consist primarily of unrestricted cash and cash equivalents, restricted cash, investment securities, accounts receivable, loans and settlement assets. We deposit a portion of our unrestricted cash and cash equivalents and our restricted cash with regional and national banking institutions that we periodically monitor and evaluate for creditworthiness. Credit risk for our investment securities is mitigated by the types of investment securities in our portfolio, which must comply with strict investment guidelines that we believe appropriately ensures the preservation of invested capital. Substantially all of our investment portfolio as of December 31, 2022 is directly or indirectly backed by the U.S. federal government. Credit risk for our accounts receivable is concentrated with card issuing banks and our customers, and this risk is mitigated by the relatively short collection period and our large customer base. We do not require or maintain collateral for accounts receivable. We maintain reserves for uncollectible overdrawn accounts and uncollectible trade receivables. With respect to our loan portfolio (excluding secured credit cards), we closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis and maintain adequate allowances. Credit risk associated with our secured credit card portfolio is mitigated by collateral provided by the borrower in the amount of their credit limit. Credit risk for our settlement assets is concentrated with our retail distributors, well-established third-party payment processors and other business partners, which we frequently monitor and is further mitigated by the short collection period.Significant Retailer and Partner Concentration A credit concentration may exist if customers are involved in similar industries, economic sectors, and geographic regions. Our retail distributors operate in similar economic sectors but diverse domestic geographic regions. The loss of a significant retail distributor could have a material adverse effect upon our card sales, profitability, and revenue growth. Revenues derived from our products sold at retail distributors constituting greater than 10% of our total operating revenues were as follows: Year Ended December 31, 2022 2021 2020 Walmart 21% 24% 27% In addition, approximately 30%, 20%, and 13% of our total operating revenues for the years ended December 31, 2022, 2021 and 2020, respectively, were generated from a single BaaS partner, but without a corresponding concentration to our gross profit for the respective periods.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021, we and Green Dot Bank were categorized as "well capitalized" under applicable regulatory standards. There were no conditions or events since December 31, 2022 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, 2022 Amount Ratio Regulatory Minimum "Well-capitalized" Minimum (In thousands, except ratios) Green Dot Corporation: Tier 1 leverage $ 661,404 16.6 % 4.0 % n/a Common equity Tier 1 capital $ 661,404 40.1 % 4.5 % n/a Tier 1 capital $ 661,404 40.1 % 6.0 % 6.0 % Total risk-based capital $ 675,043 40.9 % 8.0 % 10.0 % Green Dot Bank: Tier 1 leverage $ 389,541 9.6 % 4.0 % 5.0 % Common equity Tier 1 capital $ 389,541 31.2 % 4.5 % 6.5 % Tier 1 capital $ 389,541 31.2 % 6.0 % 8.0 % Total risk-based capital $ 397,870 31.8 % 8.0 % 10.0 % December 31, 2021 Amount Ratio Regulatory Minimum "Well-capitalized" Minimum (In thousands, except ratios) Green Dot Corporation: Tier 1 leverage $ 637,338 15.9 % 4.0 % n/a Common equity Tier 1 capital $ 637,338 54.0 % 4.5 % n/a Tier 1 capital $ 637,338 54.0 % 6.0 % 6.0 % Total risk-based capital $ 648,038 54.9 % 8.0 % 10.0 % Green Dot Bank: Tier 1 leverage $ 329,162 9.1 % 4.0 % 5.0 % Common equity Tier 1 capital $ 329,162 40.7 % 4.5 % 6.5 % Tier 1 capital $ 329,162 40.7 % 6.0 % 8.0 % Total risk-based capital $ 336,461 41.6 % 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, 2022, the aggregate amount of net assets we determined were restricted at our bank was approximately $116.7 million.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Our Chief Operating Decision Maker (our “CODM” who is our Chief Executive Officer) organizes and manages our businesses primarily on the basis of the channels in which our product and services are offered and uses net revenue and segment profit to assess profitability. Segment profit reflects each segment's net revenue less direct costs, such as sales and marketing expenses, processing expenses, third-party call center support and transaction losses. Our operations are aggregated amongst three reportable segments: 1) Consumer Services, 2) Business to Business ("B2B") Services, and 3) Money Movement Services. Our Consumer Services segment consists of revenues and expenses derived from deposit account programs, such as consumer checking accounts, prepaid cards, secured credit cards, and gift cards that we offer to consumers (i) through distribution arrangements with more than 90,000 retail locations and thousands of neighborhood Financial Service Center locations (the "Retail channel"), and (ii) directly through various marketing channels, such as online search engine optimization, online displays, direct mail campaigns, mobile advertising, and affiliate referral programs (the "Direct channel"). Our B2B Services segment consists of revenues and expenses derived from (i) our partnerships with some of the United States' most prominent consumer and technology companies that make our banking products and services available to their consumers, partners and workforce through integration with our banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that we offer to corporate enterprises (the "Employer channel") to facilitate payments for today’s workforce. Our products and services in this segment include deposit account programs, such as consumer and small business checking accounts and prepaid cards, as well as our Simply Paid Disbursements services utilized by our partners. Our Money Movement Services segment consists of revenues and expenses generated on a per transaction basis from our services that specialize in facilitating the movement of cash on behalf of consumers and businesses, such as money processing services and tax refund processing services. Our money processing services, such as cash deposit and disbursements, are marketed to third-party banks, program managers, and other companies seeking cash deposit and disbursement capabilities for their customers. Those customers, including our own cardholders, can access our cash deposit and disbursement services at any of the locations within our network of retail distributors and neighborhood Financial Service Centers. We market our tax-related financial services through a network of tax preparation franchises, independent tax professionals and online tax preparation providers. Our Corporate and Other segment primarily consists of net interest income, certain other investment income earned by our bank, interest profit sharing arrangements with certain BaaS partners (a reduction of revenue), eliminations of inter-segment revenues and expenses, and unallocated corporate expenses, which include our fixed expenses such as salaries, wages and related benefits for our employees, professional services fees, software licenses, telephone and communication costs, rent, utilities, and insurance. These costs are not considered when our CODM evaluates the performance of our three reportable segments since they are not directly attributable to any reporting segment. Non-cash expenses such as stock-based compensation, depreciation and amortization of long-lived assets, impairment charges, and other non-recurring expenses that are not considered by our CODM when evaluating our overall consolidated financial results are excluded from our unallocated corporate expenses above. We do not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented. Note 24—Segment Information (continued) The following tables present financial information for each of our reportable segments for the periods then ended: Year Ended December 31, 2022 2021 2020 Segment Revenue (In thousands) Consumer Services $ 586,798 $ 694,725 $ 620,414 B2B Services 594,468 458,584 304,651 Money Movement Services 222,192 239,735 288,009 Corporate and Other 20,151 (5,169) (12,554) Total segment revenues 1,423,609 1,387,875 1,200,520 BaaS commissions and processing expenses 28,831 45,322 53,240 Other income (2,874) — — Total operating revenues $ 1,449,566 $ 1,433,197 $ 1,253,760 Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other. Year Ended December 31, 2022 2021 2020 Segment Profit (In thousands) Consumer Services $ 222,148 $ 223,604 $ 212,170 B2B Services 86,372 73,156 65,892 Money Movement Services 117,830 115,965 123,881 Corporate and Other (187,596) (195,761) (196,131) Total segment profit 238,754 216,964 205,812 Reconciliation to income before income taxes Depreciation and amortization of property, equipment and internal-use software 57,101 57,024 58,006 Stock based compensation and related employer taxes 35,414 51,627 55,989 Amortization of acquired intangible assets 23,509 27,775 28,119 Impairment charges 4,264 — 21,719 Legal settlement expenses 16,021 1,108 — Other expense 8,070 12,956 11,906 Operating income 94,375 66,474 30,073 Interest expense, net 255 150 761 Other expense, net (10,199) (2,624) (1,217) Income before income taxes $ 83,921 $ 63,700 $ 28,095

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of PresentationOur consolidated financial statements include the results of Green Dot Corporation and our wholly-owned subsidiaries. We prepared the accompanying consolidated financial statements in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP. We consolidated our wholly-owned subsidiaries and eliminated all significant intercompany balances and transactions.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment. These financial statements were prepared using information reasonably available as of December 31, 2022 and through the date of this report. The accounting estimates used in the preparation of our consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. Actual results may differ from these estimates due to a variety of factors, including those identified under "Part I, Item 1A. Risk Factors" in this report.
Unrestricted Cash and Cash Equivalents	Unrestricted Cash and Cash Equivalents We consider all unrestricted highly liquid investments with an original maturity of three months or less to be unrestricted cash and cash equivalents.
Investment Securities	Investment Securities Our investment portfolio is primarily comprised of fixed income securities. We classify these securities as available-for-sale and report them at fair value with the related unrealized gains and losses, net of tax, included in accumulated other comprehensive income or loss, unless credit related. We establish an allowance for credit losses limited by the amount that the fair value of the investment is less than its amortized cost. If the impairment of the investment security is credit-related, the impairment is recorded in earnings with any subsequent improvements in credit recognized through a reversal of the allowance established. Non-credit related impairment is recorded in accumulated other comprehensive income or loss, a component of stockholders' equity. We classify investment securities with maturities less than or equal to 365 days as current assets. We regularly evaluate each fixed income security where the value has declined below amortized cost to assess whether the decline in fair value is credit or non-credit related. In determining whether an impairment is credit related or not, we consider the extent of the decline in fair value compared to the security's amortized cost, the presence of adverse conditions such as the financial condition of the issuer, the payment structure of the security, credit rating changes and other qualitative factors, as well as whether we either plan to sell the security or it is more likely-than-not that we will be required to sell the security before recovery of its amortized cost. If we intend to sell an investment security or believe we will more-likely-than-not be required to sell a security, we record the full amount of the impairment in earnings. Interest on fixed income securities, including amortization of premiums and accretion of discounts, is included in interest income.
Settlement Assets, Obligations to Customers and Settlement Obligations	Settlement Assets, Obligations to Customers and Settlement Obligations Settlement assets represent the amounts due from our retail distributors and other partners for customer funds collected at the point of sale that have not yet been received by our subsidiary bank, payroll deposits funded in advance (up to two days early) to certain cardholders who are eligible to participate in our early direct deposit programs and amounts due from third-party payment processors for customer transactions. At the point of sale, our retail distributors and other partners collect customer funds for purchases of new cards and utilization of our cash transfer services and then remit these funds directly to our subsidiary bank. Additionally, certain of our deposit account programs can be funded from external accounts and that funding is settled with third-party payment processors. Remittance of these funds with our retail distributors, third-party payment processors and other partners takes an average of two business days. Obligations to customers represent customer funds collected from (or to be remitted by) our retail distributors and partners for which the underlying products have not been activated. Once the underlying products have been activated, the customer funds are reclassified as deposits in a bank account established for the benefit of the customer. Included in this balance are also disbursements of customer funds that have been initiated but not yet settled. Settlement obligations represent the customer funds received by our subsidiary bank that are due to third-party card issuing banks upon activation.
Accounts Receivable, net	Accounts Receivable, net Accounts receivable is comprised principally of trade accounts receivable, receivables due from card issuing banks, overdrawn account balances due from cardholders, fee advances and other receivables. We record accounts receivable net of reserves for estimated uncollectible accounts. Receivables due from card issuing banks primarily represent revenue-related funds held at the third-party card issuing banks related to our network branded programs that have yet to be remitted to us. These receivables are generally collected within a short period of time based on the remittance terms in our agreements with the third-party card issuing banks. Fee advances represent short-term advances to in-person tax return preparation companies made prior to and during tax season. These advances are collateralized by their clients' tax preparation fees and are generally collected within a short period of time as the in-person tax preparation companies begin preparing and processing their clients' tax refunds. Overdrawn Account Balances Due from Cardholders and Reserve for Uncollectible Overdrawn Accounts For cardholders who are not enrolled or do not meet eligibility requirements of our overdraft protection program, we generally decline authorization attempts for amounts that exceed the available balance in a cardholder’s account, however, the application of card association rules, the timing of the settlement of transactions and the assessment of the card’s monthly maintenance fee, among other things, can still result in overdrawn accounts. These overdrawn account balances are deemed to be receivables due from cardholders, and are included as a component of accounts receivable, net, on our consolidated balance sheets. We are exposed to losses from any unrecovered overdrawn account balances. Our provision for overdrawn account balances from purchase transactions is included as a component of other general and administrative expenses on our consolidated statements of operations. We classify overdrawn accounts from purchase transactions into age groups based on the number of days that have elapsed since an account last had activity, such as a purchase, ATM transaction or fee assessment. We calculate a reserve factor for each age group based on the average recovery rate for the most recent six months. These factors are applied to these age groups to estimate our overall expected loss reserve. When more than 60 days have passed without activity in an account, we write off the full amount of the overdrawn account balance.
Restricted Cash	Restricted CashAs of December 31, 2022 and 2021, restricted cash amounted to $5.9 million and $3.3 million, respectively. Restricted cash principally relates to pre-funding obligations for cardholder accounts at third-party issuing banks.
Loans to Bank Customers	Loans to Bank Customers We report loans measured at historical cost at their outstanding principal balances, net of any charge-offs, and for purchased loans, net of any unaccreted discounts. We recognize interest income as it is earned. Note 2—Summary of Significant Accounting Policies (continued) Nonperforming Loans Nonperforming loans generally include loans that have been placed on nonaccrual status. We generally place loans and secured credit cards on nonaccrual status when they are past due 90 days or more. We reverse the related accrued interest receivable and apply interest collections on nonaccrual loans as principal reductions; otherwise, we credit such collections to interest income when received. These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected. For our secured credit card portfolio, when an account is past due 90 days, collateral deposits are applied against outstanding credit card balances. Any balance, inclusive of principal and interest in excess of the collateral balance is charged off at 180 days. We consider a loan to be impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once we determine a loan to be impaired, we measure the impairment based on the present value of the expected future cash flows discounted at the loan's effective interest rate. We may also measure impairment based on observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell. If the recorded investment in impaired loans exceeds this amount, we establish a specific allowance as a component of the allowance for credit losses or by adjusting an existing valuation allowance for the impaired loan. Allowance for Credit Losses We establish an allowance for estimated credit losses inherent in our loan portfolio over the life of the loans, including our secured credit cards and overdrawn balances associated with our overdraft protection program. For each portfolio of loans, we analyze historical loss rates and other factors to determine a loss rate, and consider if adjustments are needed for current conditions, and other reasonable and supportable forecasts beyond our balance sheet date that may differ from historical results. We also consider adjustments based on qualitative factors which in our judgment may affect the expected credit losses including, but not limited to, changes in prevailing economic or market conditions and the estimated value of the underlying collateral for collateral dependent loans. We separately establish specific allowances for impaired loans based on the present value of changes in cash flows expected to be collected, or for impaired loans that are considered collateral dependent, the estimated fair value of the collateral less estimated costs to sell, if any.
Property and Equipment	Property and Equipment We carry our property and equipment at cost less accumulated depreciation and amortization. We generally compute depreciation on property and equipment using the straight-line method over the estimated useful lives of the assets, except for land, which is not depreciated. We generally compute amortization on tenant improvements using the straight-line method over the shorter of the related lease term or estimated useful lives of the improvements. We expense expenditures for maintenance and repairs as incurred. We capitalize certain internal and external costs incurred to develop internal-use software during the application development stage. We also capitalize the cost of specified upgrades and enhancements to internal-use software that result in additional functionality. Once a development project is substantially complete and the software is ready for its intended use, we begin depreciating these costs on a straight-line basis over the internal-use software’s estimated useful life. The estimated useful lives of the respective classes of assets are as follows: Land N/A Building 30 years Computer equipment, furniture and office equipment 3-10 years Computer software purchased 3 years Capitalized internal-use software 3-7 years Tenant improvements Shorter of the useful life or the lease term
Leases	Leases We determine if an arrangement is or contains a lease at inception of the agreement. Right-of-use (ROU) assets and liabilities are recognized at the lease commencement date based on the present value of remaining lease payments over the lease term. For this purpose, we consider only fixed payments stated in the leases at the time of commencement. Variable lease payments that are not based on a specified rate or index are expensed when incurred. Since an implicit interest rate for our leases generally cannot be determined under our contracts, we use an incremental borrowing rate based on the information available to us at the commencement date in determining the present value of our lease payments. Our incremental borrowing rate is based on a variety of considerations, including borrowing rates currently available to us for loans with similar terms and market participant information based on credit spreads for issuers of similar risk and credit rating. The ROU asset also reflects any lease payments made prior to commencement and is recorded net of any lease incentives received. Our ROU asset and liability reflects, as applicable, options to extend or terminate a lease when it is reasonably certain that we will exercise such options. We exclude all leases with an initial term of 12 months or less under the short term lease exemption. We have also made a policy election to combine our lease and non-lease components for each of our existing classes of leased assets. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense is recognized on a straight-line basis over the lease term.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsWe evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of expected undiscounted future cash flows from an asset is less than the carrying amount of the asset, we estimate the fair value of the assets. We measure the loss as the amount by which the carrying amount exceeds its fair value calculated using the present value of estimated net future cash flows. We recorded total impairment charges of $4.3 million, $0, and $21.7 million for the years ended December 31, 2022, 2021 and 2020, respectively. Impairment charges for the year ended December 31, 2022 related to internal-use software that we determined would no longer be utilized. Impairment charges for the year ended December 31, 2020 were principally associated with capitalized internal-use software, and our operating lease right-of-use assets and other tenant improvements we determined to no longer be utilized as a result of our remote workforce strategy. These impairment charges are included in other general and administrative expenses in our consolidated statements of operations.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill is the purchase premium after adjusting for the fair value of net assets acquired. Goodwill is not amortized but is reviewed for potential impairment on an annual basis, or when events or circumstances indicate a potential impairment, at the reporting unit level. A reporting unit, as defined under applicable accounting guidance, is an operating segment or one level below an operating segment, referred to as a component. We first assess qualitative factors to determine whether it is more likely-than-not (i.e., a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying value. This step serves as the basis for determining whether it is necessary to perform the quantitative impairment test. If it is more likely-than-not goodwill is impaired, a quantitative impairment test compares the estimated fair value of each reporting unit to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired, however, if the carrying amount of the reporting unit exceeds its estimated fair value, the difference is recorded as an impairment loss directly to goodwill. We may in any given period bypass the qualitative assessment and proceed directly to a quantitative method to assess and measure impairment of the reporting unit's goodwill. For intangible assets subject to amortization, we recognize an impairment loss if the carrying amount of the intangible asset is not recoverable and exceeds its estimated fair value. The carrying amount of the intangible asset is considered not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use of the asset. No impairment charges were recognized related to goodwill or intangible assets for the years ended December 31, 2022, 2021 and 2020. Intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives, which is our best estimate of the pattern of economic benefit, based on legal, contractual, and other provisions. The estimated useful lives of the intangible assets, which consist primarily of customer relationships and trade names, range from 3-15 years.
Amounts Due to Card Issuing Banks for Overdrawn Accounts	Amounts Due to Card Issuing Banks for Overdrawn AccountsThird-party card issuing banks fund overdrawn cardholder account balances on our behalf. Amounts funded are due from us to the card issuing banks based on terms specified in the agreements with the card issuing banks. Generally, we expect to settle these obligations within two months.
Fair Value	Fair Value Under applicable accounting guidance, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability. As such, fair value reflects an exit price in an orderly transaction between market participants on the measurement date. We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following describes the three-level hierarchy: Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain U.S. Treasury securities that are highly liquid and are actively traded in over-the-counter markets. Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include fixed income securities with quoted prices that are traded less frequently than exchange-traded instruments. This category generally includes U.S. government and agency mortgage-backed fixed income securities and corporate fixed income securities. Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the overall fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments for which the determination of fair value requires significant management judgment or estimation. The fair value for such assets and liabilities is generally determined using pricing models, market comparables, discounted cash flow methodologies or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. This category generally includes certain private equity investments and certain asset-backed securities.
Revenue Recognition	Revenue Recognition Our operating revenues consist of card revenues and other fees, cash processing revenues and interchange revenues. The core principle of the revenue standard is that these revenues will be recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services, as determined under a five-step process. A description of our principal revenue generating activities is as follows: Card Revenues and Other Fees Card revenues and other fees consist of monthly maintenance fees, new card fees, ATM fees, and other card revenues. We earn these fees based upon the underlying terms and conditions with each of our cardholders that obligate us to stand ready to provide account services to each of our cardholders over the contract term. Agreements with our cardholders are considered daily service contracts as they are not fixed in duration. Also included in card revenues and other fees are program management service fees earned from our BaaS partners for cardholder programs we manage on their behalf. We charge maintenance fees on a monthly basis pursuant to the terms and conditions in the applicable cardholder agreements. We recognize monthly maintenance fees ratably over each day in the monthly bill cycle in which the fee is assessed, which represents the period our cardholders receive the benefits of our services and our performance obligation is satisfied. To the extent a maintenance fee results in an overdrawn cardholder balance, we only reflect the net amount we expect to receive based on, among other things, the number of days that have elapsed since an account last had activity, such as a purchase or an ATM transaction. Note 2—Summary of Significant Accounting Policies (continued) We charge new card fees when a consumer purchases a new card in a retail store. The new card fee provides our cardholders a material right and accordingly, we defer and recognize new card fee revenues on a straight-line basis over our average card lifetime, which is currently less than one year for our deposit account programs acquired through our Retail channel. The average card lifetime is determined based on recent historical data using the period from sale (or activation) of the card through the date of last positive balance. We reassess average card lifetime for prepaid cards and checking accounts quarterly and gift cards annually. We report the unearned portion of new card fees as a component of deferred revenue in our consolidated balance sheets. See Contract Balances discussed in Note 3—Revenues , for further information. We charge ATM fees to cardholders when they withdraw money at certain ATMs in accordance with the terms and conditions in our cardholder agreements. We recognize ATM fees when the withdrawal is made by the cardholder, which is the point in time our performance obligation is satisfied and service is performed. Since our cardholder agreements are considered daily service contracts, our performance obligations for these types of transactional based fees are satisfied on a daily basis, or as each transaction occurs. Other revenues consist primarily of revenue associated with our gift card program, transaction-based fees and fees associated with optional products or services, such as our overdraft protection program, which we offer our cardholders at their election. Since our performance obligations are settled daily, we recognize most of these fees at the point in time the transactions occur which is when the underlying performance obligation is satisfied. In the case of our gift card program, we record the related revenues using the redemption method. To the extent a fee results in an overdrawn cardholder balance, we only reflect the net amount we expect to receive based on, among other things, the number of days that have elapsed since an account last had activity, such as a purchase or an ATM transaction. We also offer cash-back rewards to cardholders on certain programs. The amount of these cash rewards varies based on multiple factors, including the terms and conditions for cardholder eligibility, the redemption amount based on cardholder activity, and the cardholder redemption rates. We accrue our estimated cash-back rewards as a component of other accrued liabilities on our consolidated balance sheets and as a reduction to card revenues and other fees on our consolidated statements of operations. Substantially all our fees are collected from our cardholders at the time the fees are assessed and debited from their account balance. Program management fees from our BaaS partners are generally earned over time on a monthly basis, pursuant to the terms of each program management agreement. Our agreements are generally multi-year arrangements of varying lengths. We recognize these fees as our program management services are rendered each month. Cash Processing Revenues Our cash processing revenues consist of cash transfer revenues, Simply Paid disbursement revenues, and tax refund processing service revenues. We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. Our reload services are subject to the same terms and conditions in each of the applicable cardholder agreements as discussed above. We recognize these revenues at the point in time the reload services are completed. Similarly, we earn Simply Paid disbursement fees from our business partners as payment disbursements are made. We earn tax refund processing service revenues when a customer of a third-party tax preparation company chooses to pay their tax preparation fee through the use of our tax refund processing services. Revenues we earn from these services are generated from our contractual relationships with the tax software transmitters. These contracts may be multi-year agreements and vary in length, however, our underlying promise obligates us to process each refund transfer on a transaction by transaction basis as elected by the taxpayer. Accordingly, we recognize tax refund processing service revenues at the point in time we satisfy our performance obligation by remitting each taxpayer’s proceeds from his or her tax return. Note 2—Summary of Significant Accounting Policies (continued) Interchange We earn interchange revenues from fees remitted by the merchant’s bank, which are based on rates established by the payment networks, such as Visa and Mastercard, when account holders make purchase transactions using our card products and services. We recognize interchange revenues at the point in time the transactions occur, as our performance obligation is satisfied. Principal vs Agent For all our significant revenue-generating arrangements, we record revenues on a gross basis except for our tax refund processing service revenues which are recorded on a net basis.
Sales and Marketing Expenses	Sales and Marketing Expenses Sales and marketing expenses primarily consist of sales commissions, advertising and marketing expenses, and the costs of manufacturing and distributing card packages, placards, promotional materials to our retail distributors’ locations and personalized cards to consumers who have activated their cards. We pay our retail distributors, and brokers' commissions based on sales of our cards and cash transfer products in their stores. We defer and expense commissions related to new cards sales ratably over the average card lifetime, which is currently less than one year for our cards acquired through our Retail channel. Absent a new card fee, we recognize the cost of the related commissions immediately. We recognize the cost of commissions related to cash transfer products when the cash transfer transactions are completed. We recognize costs for the production of advertising as incurred. The cost of media advertising is recorded when the advertising first takes place. We record the costs associated with card packages and placards as prepaid expenses, and for our cards acquired in our Retail channel, we record the costs associated with personalizing the cards as deferred expenses. We recognize the prepaid cost of card packages and placards over the related sales period, and we amortize the deferred cost of personalizing the cards, when activated, over the average card lifetime.
Stock-Based Compensation	Stock-Based Compensation We record stock-based compensation expense based on the grant-date fair value of the award. For stock options and stock purchases under our employee stock purchase plan, or ESPP, we base compensation expense on fair values estimated at the grant date using the Black-Scholes option-pricing model. For stock awards, including restricted stock units, we base compensation expense on the fair value of our common stock at the grant date. We recognize compensation expense for awards with only service conditions that have graded vesting schedules on a straight-line basis over the vesting period of the award. Vesting is based upon continued service to our company and we account for any forfeitures as they occur. We have issued performance-based restricted stock units and performance-based options to our executive officers and employees that are subject to performance conditions, market conditions, or a combination thereof. For awards subject to performance conditions, we determine the grant-date fair value of the stock and recognize compensation cost for the awards if and when we conclude it is probable that the performance metrics will be satisfied, over the requisite service period. The grant-date fair value of the awards are not subsequently remeasured, however, we reassess the probability of vesting at each reporting period and record a cumulative adjustment to compensation expense based on the likelihood the performance metrics will be achieved. For awards subject to market conditions, we base compensation expense on the fair value estimated at the date of grant using a Monte Carlo simulation or similar lattice model. We recognize compensation expense over the requisite service period regardless of the market condition being satisfied, provided that the requisite service has been rendered, since the estimated grant date fair value incorporates the probability of outcomes that the market condition will be achieved. Note 2—Summary of Significant Accounting Policies (continued) Under our retirement policy, any service-based requirement for unvested stock awards held by a retirement eligible employee is eliminated. Accordingly, the related compensation expense is recognized immediately for qualifying awards granted to eligible employees, or in the case of ineligible employees who later become eligible under the retirement policy, over the period from the grant date to the date a qualifying retirement is achieved, if earlier than the standard vesting dates. Performance-based awards issued to retirement eligible employees remain subject to the stock awards’ annual performance targets and the expense is adjusted accordingly based on expected achievement. We measure the fair value of equity instruments issued to non-employees based on the grant-date fair value, and recognize the related expense in the same periods that the goods or services are received.
Income Taxes	Income Taxes Our income tax expense is comprised of current and deferred income tax expense. Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense results from the changes in deferred tax assets and liabilities during the periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences between the basis of assets and liabilities as measured by tax laws and their basis as reported in our consolidated financial statements. We also recognize deferred tax assets for tax attributes such as net operating loss carryforwards and tax credit carryforwards. We record valuation allowances to reduce deferred tax assets to the amounts we conclude are more likely-than-not to be realized in the foreseeable future. We recognize and measure income tax benefits based upon a two-step model: 1) a tax position must be more likely-than-not to be sustained based solely on its technical merits in order to be recognized, and 2) the benefit is measured as the largest dollar amount of that position that is more likely-than-not to be sustained upon settlement. The difference between the benefit recognized for a position and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. We accrue income tax related interest and penalties, if applicable, within income tax expense.
Earnings Per Common Share	Earnings Per Common Share We apply the two-class method in calculating earnings per common share, or EPS, because we have certain unvested restricted shares outstanding that are entitled to participate with our common stockholders in the distributions of earnings based on their dividend rights. The two-class method requires net income to be allocated between each class or series of common stock and other participating securities based on their respective rights to receive dividends, whether or not declared. Basic EPS is then calculated by dividing net income allocated to each class of common stockholders by the respective weighted-average common shares issued and outstanding.
Regulatory Matters and Capital Adequacy	Regulatory Matters and Capital Adequacy As a bank holding company, we are subject to comprehensive supervision and examination by the Federal Reserve Board and the State of Utah Department of Financial Institutions and must comply with applicable regulations and other commitments we have agreed to, including financial commitments with respect to minimum capital and leverage requirements. If we fail to comply with any of these requirements, we may become subject to formal or informal enforcement actions, proceedings, or investigations, which could result in regulatory orders, restrictions on our business operations or requirements to take corrective actions, which may, individually or in the aggregate, affect our results of operations and restrict our ability to grow. If we fail to comply with the applicable capital and leverage requirements, or if our subsidiary bank, Green Dot Bank, fails to comply with its applicable capital and leverage requirements, the Federal Reserve Board may limit our or Green Dot Bank's ability to pay dividends or fund stock repurchases, or if we become less than adequately capitalized, require us to raise additional Note 2—Summary of Significant Accounting Policies (continued) capital. As a bank holding company and a financial holding company (“FHC”), we are generally prohibited from engaging, directly or indirectly, in any activities other than those permissible for bank holding companies and FHCs. In addition, if at any time we or Green Dot Bank fail to be “well capitalized” or “well managed,” we may not commence, or acquire any shares of a company engaged in, any activities only permissible for an FHC, without prior Federal Reserve approval. The restriction on our ability to commence, or acquire any shares of a company engaged in, any activities only permissible for an FHC, without prior Federal Reserve approval would also generally apply if Green Dot Bank received a CRA rating of less than “Satisfactory.” Currently, under the BHC Act, we may not be able to engage in new activities or acquire shares or control of other businesses. Such restrictions might limit our ability to pursue future business opportunities which we might otherwise consider but which might fall outside the scope of permissible activities. U.S. bank regulatory agencies from time to time take supervisory actions under certain circumstances that restrict or limit a financial institution's activities, including in connection with examinations, which take place on a continual basis. In some instances, we are subject to significant legal restrictions on our ability to publicly disclose these actions or the full details of these actions, including those in examination reports. In addition, as part of the regular examination process, our and Green Dot Bank's regulators may advise us or our subsidiaries to operate under various restrictions as a prudential matter. Such restrictions may include not being able to engage in certain categories of new activities or acquire shares or control of other companies.
Recently adopted accounting pronouncements and Recently issued accounting pronouncements not yet adopted	Recent Accounting Pronouncements Recently adopted accounting pronouncements In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Property and Equipment	The estimated useful lives of the respective classes of assets are as follows: Land N/A Building 30 years Computer equipment, furniture and office equipment 3-10 years Computer software purchased 3 years Capitalized internal-use software 3-7 years Tenant improvements Shorter of the useful life or the lease term Property and equipment consisted of the following: December 31, 2022 2021 (In thousands) Land $ 205 $ 205 Building 605 605 Computer equipment, furniture, and office equipment 35,696 58,306 Computer software purchased 17,658 31,012 Capitalized internal-use software 321,732 271,503 Tenant improvements 7,066 5,007 382,962 366,638 Less accumulated depreciation and amortization (222,740) (231,297) Property and equipment, net $ 160,222 $ 135,341

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Year Ended December 31, 2022 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 364,929 $ 165,878 $ 218,979 $ 749,786 Transferred over time 205,798 448,612 3,213 657,623 Operating revenues (1) $ 570,727 $ 614,490 $ 222,192 $ 1,407,409 Note 3—Revenues (continued) Year Ended December 31, 2021 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 427,030 $ 176,716 $ 235,355 $ 839,101 Transferred over time 246,016 324,913 4,380 575,309 Operating revenues (1) $ 673,046 $ 501,629 $ 239,735 $ 1,414,410 Year Ended December 31, 2020 Consumer Services B2B Services Money Movement Services Total Timing of recognition (In thousands) Transferred point in time $ 367,348 $ 161,520 $ 282,815 $ 811,683 Transferred over time 227,876 194,221 5,194 427,291 Operating revenues (1) $ 595,224 $ 355,741 $ 288,009 $ 1,238,974 (1) Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues. Also excludes the effects of inter-segment revenues.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investment Securities [Abstract]
Schedule of Available-For-Sale Securities	Our available-for-sale investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) December 31, 2022 Corporate bonds $ 10,000 $ — $ (654) $ 9,346 Agency bond securities 240,272 — (47,166) 193,106 Agency mortgage-backed securities 2,511,958 8 (373,704) 2,138,262 Municipal bonds 29,613 — (6,640) 22,973 Total investment securities $ 2,791,843 $ 8 $ (428,164) $ 2,363,687 December 31, 2021 Corporate bonds $ 10,000 $ — $ (27) $ 9,973 Agency bond securities 230,841 — (9,245) 221,596 Agency mortgage-backed securities 1,879,793 806 (32,268) 1,848,331 Municipal bonds 28,135 288 (243) 28,180 Asset-backed securities 7,326 99 (4) 7,421 Total investment securities $ 2,156,095 $ 1,193 $ (41,787) $ 2,115,501 As of December 31, 2022 and 2021, 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 Total unrealized loss Fair value Unrealized loss Fair value Unrealized loss (In thousands) December 31, 2022 Corporate bonds $ — $ — $ 9,346 $ (654) $ 9,346 $ (654) Agency bond securities 8,972 (457) 184,133 (46,709) 193,105 (47,166) Agency mortgage-backed securities 892,068 (67,569) 1,243,588 (306,135) 2,135,656 (373,704) Municipal bonds 16,333 (3,370) 6,641 (3,270) 22,974 (6,640) Total investment securities $ 917,373 $ (71,396) $ 1,443,708 $ (356,768) $ 2,361,081 $ (428,164) December 31, 2021 Corporate bonds $ 9,973 $ (27) $ — $ — $ 9,973 $ (27) Agency bond securities 52,865 (2,128) 168,730 (7,117) 221,595 (9,245) Agency mortgage-backed securities 1,661,091 (27,899) 106,510 (4,369) 1,767,601 (32,268) Municipal bonds 9,678 (243) — — 9,678 (243) Asset-backed securities 2,358 (4) — — 2,358 (4) Total investment securities $ 1,735,965 $ (30,301) $ 275,240 $ (11,486) $ 2,011,205 $ (41,787)
Schedule of Investments classified by contractual maturity date	As of December 31, 2022, the contractual maturities of our available-for-sale investment securities were as follows: Amortized cost Fair value (In thousands) Due after one year through five years $ 51,050 $ 45,320 Due after five years through ten years 174,222 139,242 Due after ten years 54,613 40,863 Mortgage and asset-backed securities 2,511,958 2,138,262 Total investment securities $ 2,791,843 $ 2,363,687

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable, net consisted of the following: December 31, 2022 December 31, 2021 (In thousands) Trade receivables $ 26,083 $ 33,921 Reserve for uncollectible trade receivables (169) (82) Net trade receivables 25,914 33,839 Overdrawn cardholder balances from purchase transactions 3,821 5,395 Reserve for uncollectible overdrawn accounts from purchase transactions (2,230) (3,394) Net overdrawn cardholder balances from purchase transactions 1,591 2,001 Cardholder fees 2,480 4,054 Receivables due from card issuing banks 3,211 4,645 Fee advances, net 28,924 20,643 Other receivables 12,317 15,219 Accounts receivable, net $ 74,437 $ 80,401 Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 3,394 $ 1,653 $ 3,398 Provision for uncollectible overdrawn accounts from purchase transactions 13,771 19,822 7,684 Charge-offs (14,935) (18,081) (9,429) Balance, end of period $ 2,230 $ 3,394 $ 1,653

Loans to Bank Customers (Tables

Loans to Bank Customers (Tables)	12 Months Ended
	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]
Schedule Past Due Financing Receivables	The following table presents total outstanding loans, gross of the related allowance for credit losses, and a summary of the related payment status: 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Current or Less Than 30 Days Past Due Total Outstanding (In thousands) December 31, 2022 Residential $ — $ — $ — $ — $ 4,264 $ 4,264 Commercial — — — — 2,542 2,542 Installment — — — — 1,407 1,407 Consumer 2,261 — — 2,261 12,185 14,446 Secured credit card 712 722 2,239 3,673 4,167 7,840 Total loans $ 2,973 $ 722 $ 2,239 $ 5,934 $ 24,565 $ 30,499 Percentage of outstanding 9.8 % 2.4 % 7.3 % 19.5 % 80.5 % 100.0 % December 31, 2021 Residential $ — $ — $ — $ — $ 3,722 $ 3,722 Commercial — — — — 3,392 3,392 Installment — — 3 3 1,340 1,343 Consumer 2,244 — — 2,244 7,788 10,032 Secured credit card 43 98 853 994 5,342 6,336 Total loans $ 2,287 $ 98 $ 856 $ 3,241 $ 21,584 $ 24,825 Percentage of outstanding 9.2 % 0.4 % 3.5 % 13.1 % 86.9 % 100.0 %
Schedule of Nonperforming Loans	The following table presents the carrying value, gross of the related allowance for credit losses, of our nonperforming loans. See Note 2—Summary of Significant Accounting Policies for further information on the criteria for classification as nonperforming. December 31, 2022 December 31, 2021 (In thousands) Residential $ 153 $ 195 Installment 96 115 Secured credit card 2,239 853 Total loans $ 2,488 $ 1,163
Schedule of Financing Receivable Credit Quality Indicators	The table below presents the carrying value, gross of the related allowance for credit losses, of our loans within the primary credit quality indicators related to our loan portfolio: December 31, 2022 December 31, 2021 Non-Classified Classified Non-Classified Classified (In thousands) Residential $ 4,035 $ 229 $ 3,481 $ 241 Commercial 2,542 — 3,392 — Installment 1,306 101 1,228 115 Consumer 14,446 — 10,032 — Secured credit card 5,601 2,239 5,483 853 Total loans $ 27,930 $ 2,569 $ 23,616 $ 1,209
Schedule of Allowance for Loan Losses	Activity in the allowance for credit losses on our loan portfolio consisted of the following: Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 5,555 $ 757 $ 1,166 Provision for loans 32,352 24,978 859 Loans charged off (28,829) (20,381) (1,697) Recoveries of loans previously charged off — 201 429 Balance, end of period $ 9,078 $ 5,555 $ 757

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property and Equipment [Abstract]
Schedule of Property and Equipment	The estimated useful lives of the respective classes of assets are as follows: Land N/A Building 30 years Computer equipment, furniture and office equipment 3-10 years Computer software purchased 3 years Capitalized internal-use software 3-7 years Tenant improvements Shorter of the useful life or the lease term Property and equipment consisted of the following: December 31, 2022 2021 (In thousands) Land $ 205 $ 205 Building 605 605 Computer equipment, furniture, and office equipment 35,696 58,306 Computer software purchased 17,658 31,012 Capitalized internal-use software 321,732 271,503 Tenant improvements 7,066 5,007 382,962 366,638 Less accumulated depreciation and amortization (222,740) (231,297) Property and equipment, net $ 160,222 $ 135,341

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	Goodwill and intangible assets on our consolidated balance sheets consisted of the following: December 31, 2022 2021 (In thousands) Goodwill $ 301,790 $ 301,790 Intangible assets, net 143,293 165,153 Goodwill and intangible assets $ 445,083 $ 466,943
Schedule of Intangible Assets	The gross carrying amounts and accumulated amortization related to intangibles assets were as follows: December 31, 2022 December 31, 2021 Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Weighted Average Useful Lives (In thousands) (In thousands) (Years) Customer relationships $ 309,773 $ (194,858) $ 114,915 $ 309,773 $ (174,543) $ 135,230 12.8 Trade names 44,086 (24,126) 19,960 44,086 (21,331) 22,755 14.6 Patents 3,000 (2,182) 818 3,000 (1,909) 1,091 11.0 Software licenses 13,777 (6,291) 7,486 10,389 (4,551) 5,838 3.0 Other 5,964 (5,850) 114 5,964 (5,725) 239 5.0 Total intangible assets $ 376,600 $ (233,307) $ 143,293 $ 373,212 $ (208,059) $ 165,153
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table shows our estimated amortization expense for intangible assets for each of the next five succeeding years and thereafter: December 31, (In thousands) 2023 $ 25,068 2024 23,756 2025 22,786 2026 21,891 2027 17,731 Thereafter 32,061 Total $ 143,293

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Schedule of Deposits	Deposits are categorized as non-interest or interest-bearing deposits as follows: December 31, 2022 2021 (In thousands) Non-interest bearing deposit accounts $ 3,427,799 $ 3,258,650 Interest-bearing deposit accounts Checking accounts 2,461 5,900 Savings 7,899 7,398 Secured card deposits 6,933 9,673 Time deposits, denominations greater than or equal to $250 2,275 2,497 Time deposits, denominations less than $250 2,738 2,771 Total interest-bearing deposit accounts 22,306 28,239 Total deposits $ 3,450,105 $ 3,286,889
Schedule of Contractual Maturities For Total Time Deposits	The scheduled contractual maturities for total time deposits are presented in the table below: December 31, (In thousands) Due in 2023 $ 1,592 Due in 2024 518 Due in 2025 730 Due in 2026 801 Due in 2027 1,372 Total time deposits $ 5,013

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Expense	Stock-based compensation for the years ended December 31, 2022, 2021, and 2020 includes expense related to awards of stock options, performance and service based restricted stock units and purchases under the 2010 Employee Stock Purchase Plan. Total stock-based compensation expense and the related income tax benefit were as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Total stock-based compensation expense $ 34,812 $ 51,419 $ 53,694 Related income tax benefit 4,417 3,375 6,573
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table summarizes restricted stock units with only service conditions granted under our 2010 Equity Incentive Plan: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Restricted stock units granted 933 1,073 1,618 Weighted-average grant-date fair value $ 27.77 $ 48.20 $ 31.12 Note 13—Stock-Based Compensation (continued) Restricted stock unit activity for the year ended December 31, 2022 was as follows: Shares Weighted-Average Grant-Date Fair Value (In thousands, except per share data) Outstanding at December 31, 2021 1,596 $ 42.71 Restricted stock units granted 933 27.77 Restricted stock units vested (588) 41.72 Restricted stock units canceled (386) 42.88 Outstanding at December 31, 2022 1,555 $ 34.08 The following table summarizes the performance-based restricted stock units granted under our 2010 Equity Incentive Plan: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Performance restricted stock units granted 88 760 1,045 Weighted-average grant-date fair value $ 27.74 $ 38.95 $ 33.15 Performance-based restricted stock unit activity for the year ended December 31, 2022 was as follows: Shares Weighted-Average Grant-Date Fair Value (In thousands, except per share data) Outstanding at December 31, 2021 1,377 $ 35.96 Performance restricted stock units granted (at target) 88 27.74 Performance restricted stock units vested (196) 37.57 Performance restricted stock units canceled (651) 37.17 Actual adjustment for certified performance periods 26 49.78 Outstanding at December 31, 2022 644 $ 32.40
Schedule of Stock Option Activity	Total stock option activity for the year ended December 31, 2022 was as follows: Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value (In thousands, except per share data and years) Outstanding at December 31, 2021 1,204 $ 26.62 Options exercised (14) 16.80 Options canceled (19) 12.91 Outstanding at December 31, 2022 1,171 $ 26.97 3.66 $ — Exercisable at December 31, 2022 1,171 26.97 3.66 $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The components of income tax expense included in our consolidated statements of operations were as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Current: Federal $ 20,304 $ 11,748 $ 15,846 State 5,413 1,126 3,650 Foreign 666 624 471 Current income tax expense 26,383 13,498 19,967 Deferred: Federal (4,031) 2,674 (11,212) State (2,730) 57 (3,722) Foreign 87 (9) (69) Deferred income tax (benefit) expense (6,674) 2,722 (15,003) Income tax expense $ 19,709 $ 16,220 $ 4,964
Schedule of Reconciliation of Effective Tax Rate	The sources and tax effects of the differences are as follows: Note 14—Income Taxes (continued) Year Ended December 31, 2022 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 2.2 1.2 (2.0) General business credits (3.2) (2.2) (10.9) Stock-based compensation 3.2 (2.6) (7.7) IRC 162(m) limitation 0.8 8.0 17.2 Capital loss valuation allowance release — — (1.1) Nondeductible penalties — — 1.1 Other (0.5) 0.1 0.1 Effective tax rate 23.5 % 25.5 % 17.7 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary difference that give rise to significant portions of our deferred tax assets and liabilities were as follows: December 31, 2022 2021 (In thousands) Deferred tax assets: Net operating loss carryforwards $ 8,606 $ 8,292 Stock-based compensation 9,203 9,106 Reserve for overdrawn accounts 5,261 13,777 Accrued liabilities 6,462 8,590 Lease liabilities 1,384 2,696 Tax credit carryforwards 11,770 11,409 Unrealized loss on available-for-sale securities 105,393 9,730 Other 5,284 1,995 Total deferred tax assets $ 153,363 $ 65,595 Deferred tax liabilities: Internal-use software costs $ 14,700 $ 31,591 Property and equipment, net 1,432 533 Deferred expenses 3,686 4,257 Intangible assets 15,020 12,482 Lease right-of-use assets 1,366 1,684 Total deferred tax liabilities 36,204 50,547 Net deferred tax assets $ 117,159 $ 15,048
Schedule of Income Tax Contingencies	The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows: Year Ended December 31, 2022 2021 2020 (In thousands) Beginning balance $ 10,972 $ 9,518 $ 8,398 Increases related to positions taken during prior years 6 84 482 Increases related to positions taken during the current year 1,260 1,470 1,500 Decreases due to a lapse of applicable statute of limitations (1,060) (100) (862) Ending balance $ 11,178 $ 10,972 $ 9,518 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $ 10,720 $ 10,654 $ 9,424

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share	The calculation of basic and diluted earnings per share ("EPS") was as follows: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Basic earnings per Class A common share Numerator: Net income $ 64,212 $ 47,480 $ 23,131 Amount attributable to unvested Walmart restricted shares (178) (412) (346) Net income allocated to Class A common stockholders $ 64,034 $ 47,068 $ 22,785 Denominator: Weighted-average Class A shares issued and outstanding 53,351 54,070 52,438 Basic earnings per Class A common share $ 1.20 $ 0.87 $ 0.43 Diluted earnings per Class A common share Numerator: Net income allocated to Class A common stockholders $ 64,034 $ 47,068 $ 22,785 Re-allocated earnings 2 9 8 Diluted net income allocated to Class A common stockholders $ 64,036 $ 47,077 $ 22,793 Denominator: Weighted-average Class A shares issued and outstanding 53,351 54,070 52,438 Dilutive potential common shares: Stock options 29 464 233 Service based restricted stock units 160 408 708 Performance-based restricted stock units 295 265 306 Employee stock purchase plan 36 13 — Diluted weighted-average Class A shares issued and outstanding 53,871 55,220 53,685 Diluted earnings per Class A common share $ 1.19 $ 0.85 $ 0.42
Schedule of Antidilutive Shares	Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation: Year Ended December 31, 2022 2021 2020 (In thousands) Class A common stock Options to purchase Class A common stock 152 139 731 Service based restricted stock units 1,161 245 101 Performance-based restricted stock units 586 857 301 Unvested Walmart restricted shares 148 473 796 Total 2,047 1,714 1,929

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Carried at Fair Value	As of December 31, 2022 and 2021, our assets and liabilities carried at fair value on a recurring basis were as follows: Level 1 Level 2 Level 3 Total Fair Value December 31, 2022 (In thousands) Assets Investment securities: Corporate bonds $ — $ 9,346 $ — $ 9,346 Agency bond securities — 193,106 — 193,106 Agency mortgage-backed securities — 2,138,262 — 2,138,262 Municipal bonds — 22,973 — 22,973 Loans held for sale — — 5,324 5,324 Total assets $ — $ 2,363,687 $ 5,324 $ 2,369,011 December 31, 2021 Assets Investment securities: Corporate bonds $ — $ 9,973 $ — $ 9,973 Agency bond securities — 221,596 — 221,596 Agency mortgage-backed securities — 1,848,331 — 1,848,331 Municipal bonds — 28,180 — 28,180 Asset-backed securities — 7,421 — 7,421 Loans held for sale — — 5,148 5,148 Total assets $ — $ 2,115,501 $ 5,148 $ 2,120,649 Liabilities Contingent consideration $ — $ — $ 1,347 $ 1,347
Schedule of Changes in Contingent Consideration Payable	The following table presents changes in our contingent consideration payable for the years ended December 31, 2022 , 2021 and 2020, which is categorized in Level 3 of the fair value hierarchy: Year Ended December 31, 2022 2021 2020 (In thousands) Balance, beginning of period $ 1,347 $ 5,300 $ 9,300 Payments of contingent consideration (1,647) (4,000) (4,000) Change in fair value of contingent consideration 300 47 — Balance, end of period $ — $ 1,347 $ 5,300

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets Not Carried at Fair Value	The carrying values and fair values of certain financial instruments that were not carried at fair value, excluding short-term financial instruments for which the carrying value approximates fair value, at December 31, 2022 and 2021 are presented in the table below. December 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Financial Assets Loans to bank customers, net of allowance $ 21,421 $ 18,201 $ 19,270 $ 17,481 Financial Liabilities Deposits $ 3,450,105 $ 3,450,017 $ 3,286,889 $ 3,286,837

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Additional Lease Information	Additional information related to our right of use assets and related lease liabilities is as follows: Year Ended December 31, 2022 2021 2020 Cash paid for operating lease liabilities (in thousands) $ 7,871 $ 10,101 $ 9,910 Weighted average remaining lease term (years) 3.4 2.8 3.3 Weighted average discount rate 4.9 % 4.8 % 4.8 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of our operating lease liabilities as of December 31, 2022 is as follows: Operating Leases (In thousands) 2023 $ 2,925 2024 3,935 2025 1,288 2026 280 2027 248 Thereafter 1,386 10,062 Less: imputed interest (1,648) Total lease liabilities $ 8,414

Significant Retailer and Part_2

Significant Retailer and Partner Concentration (Tables)	12 Months Ended
	Dec. 31, 2022
Significant Customer Concentrations [Abstract]
Schedule of Customer Concentrations	Revenues derived from our products sold at retail distributors constituting greater than 10% of our total operating revenues were as follows: Year Ended December 31, 2022 2021 2020 Walmart 21% 24% 27%

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Requirements [Abstract]
Schedule of Compliance with Regulatory Capital Requirements	Our capital ratios and related regulatory requirements were as follows: December 31, 2022 Amount Ratio Regulatory Minimum "Well-capitalized" Minimum (In thousands, except ratios) Green Dot Corporation: Tier 1 leverage $ 661,404 16.6 % 4.0 % n/a Common equity Tier 1 capital $ 661,404 40.1 % 4.5 % n/a Tier 1 capital $ 661,404 40.1 % 6.0 % 6.0 % Total risk-based capital $ 675,043 40.9 % 8.0 % 10.0 % Green Dot Bank: Tier 1 leverage $ 389,541 9.6 % 4.0 % 5.0 % Common equity Tier 1 capital $ 389,541 31.2 % 4.5 % 6.5 % Tier 1 capital $ 389,541 31.2 % 6.0 % 8.0 % Total risk-based capital $ 397,870 31.8 % 8.0 % 10.0 % December 31, 2021 Amount Ratio Regulatory Minimum "Well-capitalized" Minimum (In thousands, except ratios) Green Dot Corporation: Tier 1 leverage $ 637,338 15.9 % 4.0 % n/a Common equity Tier 1 capital $ 637,338 54.0 % 4.5 % n/a Tier 1 capital $ 637,338 54.0 % 6.0 % 6.0 % Total risk-based capital $ 648,038 54.9 % 8.0 % 10.0 % Green Dot Bank: Tier 1 leverage $ 329,162 9.1 % 4.0 % 5.0 % Common equity Tier 1 capital $ 329,162 40.7 % 4.5 % 6.5 % Tier 1 capital $ 329,162 40.7 % 6.0 % 8.0 % Total risk-based capital $ 336,461 41.6 % 8.0 % 10.0 %

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present financial information for each of our reportable segments for the periods then ended: Year Ended December 31, 2022 2021 2020 Segment Revenue (In thousands) Consumer Services $ 586,798 $ 694,725 $ 620,414 B2B Services 594,468 458,584 304,651 Money Movement Services 222,192 239,735 288,009 Corporate and Other 20,151 (5,169) (12,554) Total segment revenues 1,423,609 1,387,875 1,200,520 BaaS commissions and processing expenses 28,831 45,322 53,240 Other income (2,874) — — Total operating revenues $ 1,449,566 $ 1,433,197 $ 1,253,760 Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other. Year Ended December 31, 2022 2021 2020 Segment Profit (In thousands) Consumer Services $ 222,148 $ 223,604 $ 212,170 B2B Services 86,372 73,156 65,892 Money Movement Services 117,830 115,965 123,881 Corporate and Other (187,596) (195,761) (196,131) Total segment profit 238,754 216,964 205,812 Reconciliation to income before income taxes Depreciation and amortization of property, equipment and internal-use software 57,101 57,024 58,006 Stock based compensation and related employer taxes 35,414 51,627 55,989 Amortization of acquired intangible assets 23,509 27,775 28,119 Impairment charges 4,264 — 21,719 Legal settlement expenses 16,021 1,108 — Other expense 8,070 12,956 11,906 Operating income 94,375 66,474 30,073 Interest expense, net 255 150 761 Other expense, net (10,199) (2,624) (1,217) Income before income taxes $ 83,921 $ 63,700 $ 28,095

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Allowance for doubtful accounts receivable, write-offs, average recovery period		6 months
Allowance for doubtful accounts receivable, write-offs activity period		60 days
Restricted cash		$ 5,900,000	$ 3,321,000	$ 4,859,000
Nonaccrual status threshold		90 days
Collateral deposits applied threshold		90 days
Balance in excess of collateral balance charged off threshold		180 days
Impairment charges		$ 4,300,000	0	21,700,000
Impairment of intangible assets		0	0	0
Impairment of goodwill	$ 0	$ 0	0	0
Months to settle overdrawn accounts		2 months
GPR, average useful life		1 year
Gift card, average useful life		1 year
Advertising and marketing expenses		$ 31,200,000	42,600,000	37,500,000
Shipping and handling costs		$ 2,300,000	$ 1,400,000	$ 1,500,000
Minimum | Customer Relationships and Trade Names
Lessee, Lease, Description [Line Items]
Weighted Average Useful Lives		3 years
Maximum | Customer Relationships and Trade Names
Lessee, Lease, Description [Line Items]
Weighted Average Useful Lives		15 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2022
Building
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	30 years
Computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Computer software purchased
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Capitalized internal-use software | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Capitalized internal-use software | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	7 years

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 1,407,409	$ 1,414,410	$ 1,238,974
Consumer Services
Disaggregation of Revenue [Line Items]
Revenues	570,727	673,046	595,224
B2B Services
Disaggregation of Revenue [Line Items]
Revenues	614,490	501,629	355,741
Money Movement Services
Disaggregation of Revenue [Line Items]
Revenues	222,192	239,735	288,009
Transferred point in time
Disaggregation of Revenue [Line Items]
Revenues	749,786	839,101	811,683
Transferred point in time | Consumer Services
Disaggregation of Revenue [Line Items]
Revenues	364,929	427,030	367,348
Transferred point in time | B2B Services
Disaggregation of Revenue [Line Items]
Revenues	165,878	176,716	161,520
Transferred point in time | Money Movement Services
Disaggregation of Revenue [Line Items]
Revenues	218,979	235,355	282,815
Transferred over time
Disaggregation of Revenue [Line Items]
Revenues	657,623	575,309	427,291
Transferred over time | Consumer Services
Disaggregation of Revenue [Line Items]
Revenues	205,798	246,016	227,876
Transferred over time | B2B Services
Disaggregation of Revenue [Line Items]
Revenues	448,612	324,913	194,221
Transferred over time | Money Movement Services
Disaggregation of Revenue [Line Items]
Revenues	$ 3,213	$ 4,380	$ 5,194

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 26	$ 26.7	$ 25.9

Investment Securities - Gross G

Investment Securities - Gross Gains and Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 2,791,843	$ 2,156,095
Gross unrealized gains	8	1,193
Gross unrealized losses	(428,164)	(41,787)
Fair value	2,363,687	2,115,501
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized cost	10,000	10,000
Gross unrealized gains	0	0
Gross unrealized losses	(654)	(27)
Fair value	9,346	9,973
Agency bond securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	240,272	230,841
Gross unrealized gains	0	0
Gross unrealized losses	(47,166)	(9,245)
Fair value	193,106	221,596
Agency mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,511,958	1,879,793
Gross unrealized gains	8	806
Gross unrealized losses	(373,704)	(32,268)
Fair value	2,138,262	1,848,331
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized cost	29,613	28,135
Gross unrealized gains	0	288
Gross unrealized losses	(6,640)	(243)
Fair value	$ 22,973	28,180
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost		7,326
Gross unrealized gains		99
Gross unrealized losses		(4)
Fair value		$ 7,421

Investment Securities - Continu

Investment Securities - Continuous Unrealized Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Fair value
Less than 12 months		$ 917,373	$ 1,735,965
12 months or more		1,443,708	275,240
Total fair value		2,361,081	2,011,205
Unrealized loss
Less than 12 months		(71,396)	(30,301)
12 months or more		(356,768)	(11,486)
Total unrealized loss		(428,164)	(41,787)
Sale of investment securities	$ 5,100
Corporate bonds
Fair value
Less than 12 months		0	9,973
12 months or more		9,346	0
Total fair value		9,346	9,973
Unrealized loss
Less than 12 months		0	(27)
12 months or more		(654)	0
Total unrealized loss		(654)	(27)
Agency bond securities
Fair value
Less than 12 months		8,972	52,865
12 months or more		184,133	168,730
Total fair value		193,105	221,595
Unrealized loss
Less than 12 months		(457)	(2,128)
12 months or more		(46,709)	(7,117)
Total unrealized loss		(47,166)	(9,245)
Agency mortgage-backed securities
Fair value
Less than 12 months		892,068	1,661,091
12 months or more		1,243,588	106,510
Total fair value		2,135,656	1,767,601
Unrealized loss
Less than 12 months		(67,569)	(27,899)
12 months or more		(306,135)	(4,369)
Total unrealized loss		(373,704)	(32,268)
Municipal bonds
Fair value
Less than 12 months		16,333	9,678
12 months or more		6,641	0
Total fair value		22,974	9,678
Unrealized loss
Less than 12 months		(3,370)	(243)
12 months or more		(3,270)	0
Total unrealized loss		$ (6,640)	(243)
Asset-backed securities
Fair value
Less than 12 months			2,358
12 months or more			0
Total fair value			2,358
Unrealized loss
Less than 12 months			(4)
12 months or more			0
Total unrealized loss			$ (4)

Investment Securities - Maturit

Investment Securities - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized cost
Due after one year through five years	$ 51,050
Due after five years through ten years	174,222
Due after ten years	54,613
Mortgage and asset-backed securities	2,511,958
Amortized cost	2,791,843	$ 2,156,095
Fair value
Due after one year through five years	45,320
Due after five years through ten years	139,242
Due after ten years	40,863
Mortgage and asset-backed securities	2,138,262
Fair value	$ 2,363,687	$ 2,115,501

Accounts Receivable - Summary (

Accounts Receivable - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 74,437	$ 80,401
Trade receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	26,083	33,921
Reserve for uncollectible overdrawn accounts	(169)	(82)
Accounts receivable, net	25,914	33,839
Overdrawn cardholder balances from purchase transactions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	3,821	5,395
Reserve for uncollectible overdrawn accounts	(2,230)	(3,394)	$ (1,653)	$ (3,398)
Accounts receivable, net	1,591	2,001
Cardholder fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	2,480	4,054
Receivables due from card issuing banks
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	3,211	4,645
Fee advances, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	28,924	20,643
Other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 12,317	$ 15,219

Accounts Receivable - Reserve F

Accounts Receivable - Reserve For Uncollectible Overdrawn Accounts Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Uncollectible Overdrawn Accounts [Roll Forward]
Provision for uncollectible overdrawn accounts from purchase transactions	$ 13,771	$ 19,822	$ 7,684
Reserve for uncollectible overdrawn accounts from purchase transactions
Uncollectible Overdrawn Accounts [Roll Forward]
Balance, beginning of period	3,394	1,653	3,398
Provision for uncollectible overdrawn accounts from purchase transactions	13,771	19,822	7,684
Charge-offs	(14,935)	(18,081)	(9,429)
Balance, end of period	$ 2,230	$ 3,394	$ 1,653

Loans to Bank Customers - Loan

Loans to Bank Customers - Loan Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 30,499	$ 24,825
Percentage of outstanding	100%	100%
30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 2,973	$ 2,287
Percentage of outstanding	9.80%	9.20%
60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 722	$ 98
Percentage of outstanding	2.40%	0.40%
90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 2,239	$ 856
Percentage of outstanding	7.30%	3.50%
Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 5,934	$ 3,241
Percentage of outstanding	19.50%	13.10%
Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 24,565	$ 21,584
Percentage of outstanding	80.50%	86.90%
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 4,264	$ 3,722
Residential | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Residential | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Residential | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Residential | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Residential | Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	4,264	3,722
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	2,542	3,392
Commercial | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Commercial | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Commercial | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Commercial | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Commercial | Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	2,542	3,392
Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	1,407	1,343
Installment | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Installment | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Installment | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	3
Installment | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	3
Installment | Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	1,407	1,340
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	14,446	10,032
Consumer | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	2,261	2,244
Consumer | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Consumer | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	0	0
Consumer | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	2,261	2,244
Consumer | Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	12,185	7,788
Secured credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	7,840	6,336
Secured credit card | 30-59 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	712	43
Secured credit card | 60-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	722	98
Secured credit card | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	2,239	853
Secured credit card | Total Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	3,673	994
Secured credit card | Total Current or Less Than 30 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Outstanding	$ 4,167	$ 5,342

Loans to Bank Customers - Narra

Loans to Bank Customers - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]
Loans held for sale	$ 5.3	$ 5.1

Loans to Bank Customers - Nonpe

Loans to Bank Customers - Nonperforming Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Nonperforming Loans [Line Items]
Nonperforming loans	$ 2,488	$ 1,163
Residential
Nonperforming Loans [Line Items]
Nonperforming loans	153	195
Installment
Nonperforming Loans [Line Items]
Nonperforming loans	96	115
Secured credit card
Nonperforming Loans [Line Items]
Nonperforming loans	$ 2,239	$ 853

Loans to Bank Customers - Credi

Loans to Bank Customers - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Non-Classified
Outstanding Loans [Line Items]
Total loans	$ 27,930	$ 23,616
Classified
Outstanding Loans [Line Items]
Total loans	2,569	1,209
Residential | Non-Classified
Outstanding Loans [Line Items]
Total loans	4,035	3,481
Residential | Classified
Outstanding Loans [Line Items]
Total loans	229	241
Commercial | Non-Classified
Outstanding Loans [Line Items]
Total loans	2,542	3,392
Commercial | Classified
Outstanding Loans [Line Items]
Total loans	0	0
Installment | Non-Classified
Outstanding Loans [Line Items]
Total loans	1,306	1,228
Installment | Classified
Outstanding Loans [Line Items]
Total loans	101	115
Consumer | Non-Classified
Outstanding Loans [Line Items]
Total loans	14,446	10,032
Consumer | Classified
Outstanding Loans [Line Items]
Total loans	0	0
Secured credit card | Non-Classified
Outstanding Loans [Line Items]
Total loans	5,601	5,483
Secured credit card | Classified
Outstanding Loans [Line Items]
Total loans	$ 2,239	$ 853

Loans to Bank Customers - Allow

Loans to Bank Customers - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan Losses [Roll Forward]
Allowance for loan losses, beginning of period	$ 5,555	$ 757	$ 1,166
Provision for loans	32,352	24,978	859
Loans charged off	(28,829)	(20,381)	(1,697)
Recoveries of loans previously charged off	0	201	429
Allowance for loan losses, end of period	$ 9,078	$ 5,555	$ 757

Equity Method Investments (Deta

Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 02, 2020
Schedule of Equity Method Investments [Line Items]
Income (loss) in equity method investments	$ (15,648)	$ 1,579	$ (6,290)
Walmart Program Agreement
Schedule of Equity Method Investments [Line Items]
Capital contributions, authorized amount				$ 35,000
Tail Fin Labs
Schedule of Equity Method Investments [Line Items]
Equity method investments	82,400	61,500
Income (loss) in equity method investments	(14,100)	(2,300)	(7,000)
Tail Fin Labs | Walmart Program Agreement
Schedule of Equity Method Investments [Line Items]
Ownership percentage				20%
Investment Held By Bank
Schedule of Equity Method Investments [Line Items]
Equity method investments	4,800	6,400
Income (loss) in equity method investments	$ 1,600	$ 3,900	$ 700

Property and Equipment - Proper

Property and Equipment - Property and Equipment Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment	$ 382,962	$ 366,638
Less accumulated depreciation and amortization	(222,740)	(231,297)
Property and equipment, net	160,222	135,341
Land
Property, Plant and Equipment [Line Items]
Property and equipment	205	205
Building
Property, Plant and Equipment [Line Items]
Property and equipment	605	605
Computer equipment, furniture, and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment	35,696	58,306
Computer software purchased
Property, Plant and Equipment [Line Items]
Property and equipment	17,658	31,012
Capitalized internal-use software
Property, Plant and Equipment [Line Items]
Property and equipment	321,732	271,503
Tenant improvements
Property, Plant and Equipment [Line Items]
Property and equipment	$ 7,066	$ 5,007

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Capitalized computer software, net	$ 149,200	$ 125,100
Depreciation and amortization expense	57,100	57,000	$ 58,000
Depreciation and amortization expense	57,101	57,024	58,005
Tangible asset impairment			21,700
Capitalized internal-use software
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 49,900	$ 47,500	$ 43,900

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill and Intangible Assets Summary (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill		$ 301,790,000	$ 301,790,000
Intangible assets, net		143,293,000	165,153,000
Goodwill and intangible assets		445,083,000	466,943,000
Impairment of goodwill	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets Summary (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 376,600,000	$ 373,212,000
Accumulated Amortization	(233,307,000)	(208,059,000)
Net Book Value	143,293,000	165,153,000
Amortization of acquired intangible assets	23,509,000	27,775,000	$ 28,119,000
impairment of intangible assets	0	0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	309,773,000	309,773,000
Accumulated Amortization	(194,858,000)	(174,543,000)
Net Book Value	$ 114,915,000	135,230,000
Weighted Average Useful Lives	12 years 9 months 18 days
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 44,086,000	44,086,000
Accumulated Amortization	(24,126,000)	(21,331,000)
Net Book Value	$ 19,960,000	22,755,000
Weighted Average Useful Lives	14 years 7 months 6 days
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 3,000,000	3,000,000
Accumulated Amortization	(2,182,000)	(1,909,000)
Net Book Value	$ 818,000	1,091,000
Weighted Average Useful Lives	11 years
Software licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 13,777,000	10,389,000
Accumulated Amortization	(6,291,000)	(4,551,000)
Net Book Value	$ 7,486,000	5,838,000
Weighted Average Useful Lives	3 years
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 5,964,000	5,964,000
Accumulated Amortization	(5,850,000)	(5,725,000)
Net Book Value	$ 114,000	$ 239,000
Weighted Average Useful Lives	5 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Estimated Amortization Expense, Next Five Years [Abstract]
2023	$ 25,068
2024	23,756
2025	22,786
2026	21,891
2027	17,731
Thereafter	32,061
Net Book Value	$ 143,293	$ 165,153

Deposits - Summary of Deposits

Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Non-interest bearing deposit accounts
Non-interest bearing deposit accounts	$ 3,427,799	$ 3,258,650
Interest-bearing deposit accounts
Checking accounts	2,461	5,900
Savings	7,899	7,398
Secured card deposits	6,933	9,673
Time deposits, denominations greater than or equal to $250	2,275	2,497
Time deposits, denominations less than $250	2,738	2,771
Total interest-bearing deposit accounts	22,306	28,239
Total deposits	$ 3,450,105	$ 3,286,889

Deposits - Contractual Maturiti

Deposits - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Due in 2023	$ 1,592
Due in 2024	518
Due in 2025	730
Due in 2026	801
Due in 2027	1,372
Total time deposits	5,013
Time deposits, at or above FDIC insurance limit	$ 2,300	$ 2,500

Debt (Details)

Debt (Details) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Line of credit		$ 35,000,000	$ 0
Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 100,000,000
Facility term	5 years
Line of credit		35,000,000
Interest expense		$ 0	$ 0	$ 600,000
Interest rate (as a percent)		5.52%
Revolving Credit Facility | Line of Credit | Minimum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)		0.20%
Revolving Credit Facility | Line of Credit | Maximum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)		0.35%
Revolving Credit Facility | Line of Credit | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable base rate (as a percent)	0.25%
Revolving Credit Facility | Line of Credit | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable base rate (as a percent)	1%
Revolving Credit Facility | Line of Credit | Base Rate, Condition One
Line of Credit Facility [Line Items]
Margin included in variable base rate (as a percent)	0.50%
Revolving Credit Facility | Line of Credit | Base Rate, Condition Two
Line of Credit Facility [Line Items]
Margin included in variable base rate (as a percent)	1%
Revolving Credit Facility | Line of Credit | LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable base rate (as a percent)	1.25%
Revolving Credit Facility | Line of Credit | LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable base rate (as a percent)	2%

Stockholders' Equity (Details)

Stockholders' Equity (Details)	1 Months Ended	2 Months Ended	12 Months Ended
	Mar. 31, 2022 USD ($)	Apr. 30, 2022 $ / shares shares	Dec. 31, 2022 USD ($) vote $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Feb. 28, 2022 USD ($)	Jan. 02, 2020 shares
Class of Stock [Line Items]
Tax impact on unrealized losses and gains on investment securities available-for-sale			$ (94,600,000)	$ (11,500,000)	$ 300,000
Common stock, shares, issued (in shares) | shares			51,674,000	54,868,000
Other Share Repurchase Program
Class of Stock [Line Items]
Authorized amount	$ 75,000,000
Remaining authorized amount			$ 75,000,000
Monthly share repurchases, value	10,000,000
Treasury stock acquired (in shares) | shares			3,150,181
Average repurchase price per share (in USD per share) | $ / shares			$ 22.39
Common Class A
Class of Stock [Line Items]
Votes per share (in votes) | vote			1
Voting threshold (more than)			24.90%
Reduced voting power (more than)			14.90%
Authorized amount						$ 100,000,000
Remaining authorized amount			$ 4,500,000
Common Class A | March And April 2022
Class of Stock [Line Items]
Cash settlement	$ 25,000,000
Number of shares repurchased (in shares) | shares		914,037
Accelerated share repurchases, price per share (in usd per share) | $ / shares		$ 27.35
Common Class A | Private Placement | Walmart Program Agreement
Class of Stock [Line Items]
Common stock, shares, issued (in shares) | shares							975,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2010	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercises in period, total intrinsic value		$ 0.1	$ 2	$ 10.5
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested in period, total fair value		15.8	23.4	25.6
Cost not yet recognized, excluding options		$ 41.6
Cost not yet recognized, period for recognition		1 year 9 months 3 days
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested in period, total fair value		$ 4.2	$ 17.6	$ 12.4
2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Number of shares available for grant		3.8
2010 Equity Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period	5 years
2010 Equity Incentive Plan | Minimum | Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target share percentage		0%
2010 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period	10 years
2010 Equity Incentive Plan | Maximum | Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target share percentage		200%

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Total stock-based compensation expense	$ 34,812	$ 51,419	$ 53,694
Related income tax benefit	$ 4,417	$ 3,375	$ 6,573

Stock-Based Compensation - Equi

Stock-Based Compensation - Equity Granted (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in USD per share)	$ 27.77
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value (in USD per share)	$ 27.74
2010 Equity Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units granted (in shares)	933	1,073	1,618
Weighted-average grant-date fair value (in USD per share)	$ 27.77	$ 48.20	$ 31.12
2010 Equity Incentive Plan | Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units granted (in shares)	88	760	1,045
Weighted-average grant-date fair value (in USD per share)	$ 27.74	$ 38.95	$ 33.15

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted and Performance Stock Units Granted (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-Option equity instruments outstanding, beginning balance (in shares) | shares	1,596
Non-Option equity instruments, granted (in shares) | shares	933
Non-Option equity instruments, vested (in shares) | shares	(588)
Non-Option equity instruments, canceled (in shares) | shares	(386)
Non-Option equity instruments outstanding, ending balance (in shares) | shares	1,555
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Equity instruments other than options, nonvested, weighted average grant date fair value (in USD per share) | $ / shares	$ 42.71
Equity instruments other than options, grants in period, weighted average grant date fair value (in USD per share) | $ / shares	27.77
Equity instruments other than options, vested in period, weighted average grant date fair value (in USD per share) | $ / shares	41.72
Equity instruments other than options, canceled, weighted average grant date fair value (in USD per share) | $ / shares	42.88
Equity instruments other than options, nonvested, weighted average grant date fair value (in USD per share) | $ / shares	$ 34.08
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-Option equity instruments outstanding, beginning balance (in shares) | shares	1,377
Non-Option equity instruments, granted (in shares) | shares	88
Non-Option equity instruments, vested (in shares) | shares	(196)
Non-Option equity instruments, canceled (in shares) | shares	(651)
Non-Option equity instruments, actual adjustment for certified performance periods (in shares) | shares	26
Non-Option equity instruments outstanding, ending balance (in shares) | shares	644
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Equity instruments other than options, nonvested, weighted average grant date fair value (in USD per share) | $ / shares	$ 35.96
Equity instruments other than options, grants in period, weighted average grant date fair value (in USD per share) | $ / shares	27.74
Equity instruments other than options, vested in period, weighted average grant date fair value (in USD per share) | $ / shares	37.57
Equity instruments other than options, canceled, weighted average grant date fair value (in USD per share) | $ / shares	37.17
Equity instruments other than options, actual adjustment for certified performance periods, weighted average fair value (in USD per share) | $ / shares	49.78
Equity instruments other than options, nonvested, weighted average grant date fair value (in USD per share) | $ / shares	$ 32.40

Stock-Based Compensation - Opti

Stock-Based Compensation - Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning balance (in shares) | shares	1,204
Options, exercised in period (in shares) | shares	(14)
Options, canceled in period (in shares) | shares	(19)
Options outstanding, ending balance (in shares) | shares	1,171
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, beginning balance, weighted average exercise price (in USD per share) | $ / shares	$ 26.62
Options, exercises in period, weighted average exercise price (in USD per share) | $ / shares	16.80
Options, canceled in period, weighted average canceled price (in USD per share) | $ / shares	12.91
Options outstanding, ending balance, weighted average exercise price (in USD per share) | $ / shares	$ 26.97
Options, exercisable (in shares) | shares	1,171
Options, exercisable, weighted average exercise price (in USD per share) | $ / shares	$ 26.97
Options, outstanding, weighted average remaining contractual term	3 years 7 months 28 days
Options, exercisable, weighted average remaining contractual term	3 years 7 months 28 days
Options, outstanding, intrinsic value | $	$ 0
Options, exercisable, intrinsic value | $	$ 0

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 20,304	$ 11,748	$ 15,846
State	5,413	1,126	3,650
Foreign	666	624	471
Current income tax expense	26,383	13,498	19,967
Deferred:
Federal	(4,031)	2,674	(11,212)
State	(2,730)	57	(3,722)
Foreign	87	(9)	(69)
Deferred income tax (benefit) expense	(6,674)	2,722	(15,003)
Income tax expense	$ 19,709	$ 16,220	$ 4,964

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
State income taxes, net of federal tax benefit	2.20%	1.20%	(2.00%)
General business credits	(3.20%)	(2.20%)	(10.90%)
Stock-based compensation	3.20%	(2.60%)	(7.70%)
IRC 162(m) limitation	0.80%	8%	17.20%
Capital loss valuation allowance release	0%	0%	(1.10%)
Nondeductible penalties	0%	0%	1.10%
Other	(0.50%)	0.10%	0.10%
Effective tax rate	23.50%	25.50%	17.70%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits	$ 11,178	$ 10,972	$ 9,518	$ 8,398
Income tax penalties and interest accrued	900	$ 800	$ 500
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	15,200
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	102,300
State and Local Jurisdiction | Tax Year 2021-2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	59,000
State and Local Jurisdiction | Indefinitely
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	43,300
Tax credit carryforward	18,900
State and Local Jurisdiction | Tax Year 2023-2027
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	$ 1,100
Minimum | State and Local Jurisdiction | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Income tax examination, period	4 years
Maximum | State and Local Jurisdiction | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Income tax examination, period	5 years

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net operating loss carryforwards	$ 8,606	$ 8,292
Stock-based compensation	9,203	9,106
Reserve for overdrawn accounts	5,261	13,777
Accrued liabilities	6,462	8,590
Lease liabilities	1,384	2,696
Tax credit carryforwards	11,770	11,409
Unrealized loss on available-for-sale securities	105,393	9,730
Other	5,284	1,995
Total deferred tax assets	153,363	65,595
Deferred tax liabilities:
Internal-use software costs	14,700	31,591
Property and equipment, net	1,432	533
Deferred expenses	3,686	4,257
Intangible assets	15,020	12,482
Lease right-of-use assets	1,366	1,684
Total deferred tax liabilities	36,204	50,547
Net deferred tax assets	$ 117,159	$ 15,048

Income Taxes - Rollforward of U

Income Taxes - Rollforward of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 10,972	$ 9,518	$ 8,398
Increases related to positions taken during prior years	6	84	482
Increases related to positions taken during the current year	1,260	1,470	1,500
Decreases due to a lapse of applicable statute of limitations	(1,060)	(100)	(862)
Ending balance	11,178	10,972	9,518
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	$ 10,720	$ 10,654	$ 9,424

Earnings per Common Share - Bas

Earnings per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per Class A common share
Net income	$ 64,212	$ 47,480	$ 23,131
Net income allocated to Class A common stockholders	$ 64,034	$ 47,068	$ 22,785
Basic weighted-average common shares issued and outstanding (in shares)	53,351	54,070	52,438
Basic earnings per common share (in USD per share)	$ 1.20	$ 0.87	$ 0.43
Diluted earnings per Class A common share
Re-allocated earnings	$ 2	$ 9	$ 8
Diluted net income allocated to Class A common stockholders	$ 64,036	$ 47,077	$ 22,793
Diluted weighted-average Class A shares issued and outstanding (in shares)	53,871	55,220	53,685
Diluted earnings per common share (in USD per share)	$ 1.19	$ 0.85	$ 0.42
Stock options
Diluted earnings per Class A common share
Dilutive potential common shares (in shares)	29	464	233
Service based restricted stock units
Diluted earnings per Class A common share
Dilutive potential common shares (in shares)	160	408	708
Performance-based restricted stock units
Diluted earnings per Class A common share
Dilutive potential common shares (in shares)	295	265	306
Employee stock purchase plan
Diluted earnings per Class A common share
Dilutive potential common shares (in shares)	36	13	0
Common Stock Other Than Class A Member
Basic earnings per Class A common share
Net income allocated to Class A common stockholders	$ (178)	$ (412)	$ (346)
Common Class A
Basic earnings per Class A common share
Net income allocated to Class A common stockholders	$ 64,034	$ 47,068	$ 22,785

Earnings per Common Share - Ant

Earnings per Common Share - Antidilutive Shares (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	2,047	1,714	1,929
Stock options
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	152	139	731
Service based restricted stock units
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	1,161	245	101
Performance-based restricted stock units
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	586	857	301
Unvested Walmart restricted shares
Antidilutive Shares [Line Items]
Antidilutive shares (in shares)	148	473	796

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	$ 2,363,687	$ 2,115,501
Loans held for sale	5,300	5,100
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	9,346	9,973
Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	193,106	221,596
Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	2,138,262	1,848,331
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	22,973	28,180
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		7,421
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	5,324	5,148
Total assets	2,369,011	2,120,649
Contingent consideration		1,347
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	9,346	9,973
Recurring | Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	193,106	221,596
Recurring | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	2,138,262	1,848,331
Recurring | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	22,973	28,180
Recurring | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		7,421
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Total assets	0	0
Contingent consideration		0
Recurring | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 1 | Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 1 | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 1 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 1 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Total assets	2,363,687	2,115,501
Contingent consideration		0
Recurring | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	9,346	9,973
Recurring | Level 2 | Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	193,106	221,596
Recurring | Level 2 | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	2,138,262	1,848,331
Recurring | Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	22,973	28,180
Recurring | Level 2 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		7,421
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	5,324	5,148
Total assets	5,324	5,148
Contingent consideration		1,347
Recurring | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 3 | Agency bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 3 | Agency mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Recurring | Level 3 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	$ 0	0
Recurring | Level 3 | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 0

Fair Value Measurements - Conti

Fair Value Measurements - Contingent Consideration Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payments of contingent consideration	$ (1,647)	$ (4,000)	$ (4,000)
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value measurement, beginning of period	1,347	5,300	9,300
Payments of contingent consideration	(1,647)	(4,000)	(4,000)
Change in fair value of contingent consideration	300	47	0
Fair value measurement, end of period	$ 0	$ 1,347	$ 5,300

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans to bank customers, net of allowance	$ 21,421	$ 19,270
Deposits	3,450,105	3,286,889
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans to bank customers, net of allowance	21,421	19,270
Deposits	3,450,105	3,286,889
Level 3 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans to bank customers, net of allowance	18,201	17,481
Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	$ 3,450,017	$ 3,286,837

Defined Contribution Plan (Deta

Defined Contribution Plan (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) yr	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Contribution Plan [Abstract]
Minimum age (in years) | yr	21
Defined contribution plan, employer matching contribution, percent of match	50%
Defined contribution plan, maximum annual contribution per employee	5%
Defined contribution plan, cost | $	$ 2.8	$ 2.3	$ 2.2

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 4.4	$ 3.9	$ 9.2
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	10 years

Leases - Additional information

Leases - Additional information related to our ROU assets and related lease liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Cash paid for operating lease liabilities (in thousands)	$ 7,871	$ 10,101	$ 9,910
Weighted average remaining lease term (years)	3 years 4 months 24 days	2 years 9 months 18 days	3 years 3 months 18 days
Weighted average discount rate	4.90%	4.80%	4.80%

Leases - Maturities of Operatin

Leases - Maturities of Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Operating Leases
2023	$ 2,925
2024	3,935
2025	1,288
2026	280
2027	248
Thereafter	1,386
Payments due	10,062
Less: imputed interest	(1,648)
Total lease liabilities	$ 8,414

Commitments and Contingencies (

Commitments and Contingencies (Details)	Dec. 31, 2022 USD ($)	Jan. 02, 2020 USD ($)	Dec. 18, 2019 officer
Loss Contingencies [Line Items]
Number of former officers name as defendants | officer			2
Loss contingency accrual	$ 0
Walmart Program Agreement
Loss Contingencies [Line Items]
Capital contributions, authorized amount		$ 35,000,000

Significant Retailer and Part_3

Significant Retailer and Partner Concentration (Details) - Sales Revenue, Net	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Partner Concentration Risk | Single BaaS Partner
Concentration Risk [Line Items]
Concentration risk	30%	20%	13%
Walmart | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk	21%	24%	27%

Regulatory Requirements (Detail

Regulatory Requirements (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Aggregate amount of net assets of subsidiaries		$ 116,700
Green Dot Corporation
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier one leverage capital	$ 661,404	$ 637,338
Tier one leverage capital to average assets	0.166	0.159
Tier one leverage capital required to be well capitalized	0.040	0.040
Tier one common equity	$ 661,404	$ 637,338
Tier one common equity to average assets	40.10%	54%
Tier one common equity required for capital adequacy to average assets	4.50%	4.50%
Tier one risk based capital	$ 661,404	$ 637,338
Tier one risk based capital to risk weighted assets	0.401	0.540
Tier one risk based capital required to be well capitalized	0.060	0.060
Tier one risk based capital required to be well capitalized to risk weighted assets	0.060	0.060
Capital	$ 675,043	$ 648,038
Capital to risk weighted assets	0.409	0.549
Capital required to be well capitalized	0.080	0.080
Capital required to be well capitalized to risk weighted assets	0.100	0.100
Green Dot Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier one leverage capital	$ 389,541	$ 329,162
Tier one leverage capital to average assets	0.096	0.091
Tier one leverage capital required to be well capitalized	0.040	0.040
Tier one leverage capital required to be well capitalized to average assets	0.050	0.050
Tier one common equity	$ 389,541	$ 329,162
Tier one common equity to average assets	31.20%	40.70%
Tier one common equity required for capital adequacy to average assets	4.50%	4.50%
Tier one common equity capital required to be well capitalized to average assets	6.50%	6.50%
Tier one risk based capital	$ 389,541	$ 329,162
Tier one risk based capital to risk weighted assets	0.312	0.407
Tier one risk based capital required to be well capitalized	0.060	0.060
Tier one risk based capital required to be well capitalized to risk weighted assets	0.080	0.080
Capital	$ 397,870	$ 336,461
Capital to risk weighted assets	0.318	0.416
Capital required to be well capitalized	0.080	0.080
Capital required to be well capitalized to risk weighted assets	0.100	0.100

Segment Information (Details)

Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment retail_location	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments (in segments) | segment	3
Number of retail locations (more than) | retail_location	90,000
Total segment revenues	$ 1,423,609	$ 1,387,875	$ 1,200,520
Revenues	1,449,566	1,433,197	1,253,760
Total segment profit	238,754	216,964	205,812
Reconciliation to income before income taxes
Depreciation and amortization of property, equipment and internal-use software	57,101	57,024	58,005
Amortization of acquired intangible assets	23,509	27,775	28,119
Impairment charges	4,300	0	21,700
Legal settlement expenses	16,021	1,108	0
Operating income	94,375	66,474	30,073
Interest expense, net	255	150	761
Other expense, net	(10,199)	(2,624)	(1,217)
Income before income taxes	83,921	63,700	28,095
Operating Segments | Consumer Services
Segment Reporting Information [Line Items]
Total segment revenues	586,798	694,725	620,414
Total segment profit	222,148	223,604	212,170
Operating Segments | B2B Services
Segment Reporting Information [Line Items]
Total segment revenues	594,468	458,584	304,651
Total segment profit	86,372	73,156	65,892
Operating Segments | Money Movement Services
Segment Reporting Information [Line Items]
Total segment revenues	222,192	239,735	288,009
Total segment profit	117,830	115,965	123,881
Corporate and Other
Segment Reporting Information [Line Items]
Total segment revenues	20,151	(5,169)	(12,554)
Total segment profit	(187,596)	(195,761)	(196,131)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues	28,831	45,322	53,240
Other expense, net	(2,874)	0	0
Reconciliation to income before income taxes
Depreciation and amortization of property, equipment and internal-use software	57,101	57,024	58,006
Stock based compensation and related employer taxes	35,414	51,627	55,989
Amortization of acquired intangible assets	23,509	27,775	28,119
Impairment charges	4,264	0	21,719
Other expense	$ 8,070	$ 12,956	$ 11,906

Uncategorized Items - gdot-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]