Pathward Financial(CASH) - 2023 Q3 - Quarterly Report

The investments in the FHLB stock are required investments related to the Company's membership in and current borrowings from the FHLB of Des Moines. The investments in the FHLB of Des Moines could be adversely impacted by the financial operations of the FHLB and actions of their regulator, the Federal Housing Finance Agency. Equity Securities. The Company held $3.5 million at June 30, 2023 and$2.9 million at September 30, 2022 in marketable equity securities. The Company recognized $0.2 million and$3.8 m ...