Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 303

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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Past Due 90 and more Days and accruing2,182 0.7 %9,268 2.5 %Nonaccrual loans73,145 23.9 %67,304 18.2 %Total$305,720 100.0 %$369,746 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$96,414 31.5 %$118,130 31.9 %Nonperforming Assets, as a percentage of total assetsLoans HFI, at amortized cost$65,678 2.7 %$24,341 1.2 %Loans HFI, at fair value73,145 3.0 %67,304 3.2 %Other real estate owned7,890 0.3 %3,764 0.2 %  Total Nonperforming Assets$146,713 6.0 %$95,409 4.6 %

71

CRE exposure

The Company’s loan portfolio consists of loans to independent business owners (SMBs). The Company’s Loans HFI at amortized cost and Loans HFS at LCM include a total of $342.7 million of loans, including unfunded commitments, backed by CRE and considered non-owner occupied as of September 30, 2025. The average loan-to-value for this CRE portfolio was 58.3%. 

The table below presents detail of the loans considered non-owner occupied CRE that are not carried at fair value:

September 30, 2025December 31, 2024HFI at amortized cost, net of deferred fees and costsHFS at LCMTotalLTV by CRE typeHFI at amortized cost, net of deferred fees and costsHFS at LCMTotalLTV by CRE typeLoans not backed by NOO CRE$577,166 $— $577,166 $429,820 $— $429,820 Loans backed by NOO CRE256,921 28,678 285,599 191,831 58,803 250,634 Total loans$834,087 $28,678 $862,765 $621,651 $58,803 $680,454 Loans backed by NOO CRE by type:Retail$69,288 $— $69