Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 157

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 157
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, net of deferred fees and costs767,827 621,651 146,176 Allowance for credit losses(42,625)(30,233)(12,392)Loans held for investment, at amortized cost, net725,202 591,418 133,784 Total Loans$1,598,215 $1,392,253 $205,962 

Loans held for sale

Loans HFS, at fair value increased $142.3 million during the six months ended June 30, 2025. The overall increase was primarily the result of holding guaranteed portions of SBA 7(a) loans for longer periods of time as well as new loan originations during 2025, in the amount of $216.8 million in SBA loans, partially offset by a decrease of $74.5 million for ALP loans.

June 30, 2025December 31, 2024ChangeSBA 504 First Lien$143,658 $128,255 $15,403 SBA 504 Second Lien29,344 26,678 2,666 SBA 7(a)184,480 4,855 179,625 SBA 7(a) Partials119,106 — 19,106 Total SBA loans376,588 159,788 216,800 ALP138,021 212,498 (74,477)Loans HFS, at fair value$514,609 $372,286 $142,323 

1    Reclassified from Loans HFS, at LCM

Loans HFS, at LCM decreased $26.5 million during the same period. The overall decrease was primarily the result of new loan originations during 2025, net of sales.

June 30, 2025December 31, 2024ChangeSBA 504 First Lien$26,044 $36,783 $(10,739)SBA 504 Second Lien6,247 8,203 (1,956)SBA 7(a) Partials1— 13,817 (13,817)Loans HFS, at LCM$32,291 $58,803 $(26,512)

1    Reclassified to Loans HFS, at fair value

68

Loans held for investment

At Fair value: Loans HFI