Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 107

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 of March 31, 2025 and December 31, 2024, respectively, and is excluded from the estimate of credit losses. The Company writes off accrued interest receivable by reversing interest income and typically occurs upon loans becoming 90 to 120 days past due.

Loan Modifications Made to Borrowers Experiencing Financial DifficultyThe Company did not make any loan modifications to borrowers experiencing financial difficulty that would require disclosure, such as principal forgiveness, term extension, or interest rate reductions during the three months ended March 31, 2025 and 2024. Additionally, there were no troubled debt restructurings under legacy U.S. GAAP during the three months ended March 31, 2025 and 2024. 

F-27

Loans held for sale, at fair valueMarch 31, 2025December 31, 2024SBA 504 First Lien$148,929 $128,255 SBA 504 Second Lien21,274 26,678 SBA 7(a)64,976 4,855 SBA 7(a) Partials118,311 — ALP294,468 212,498 Loans held for sale, at fair value$547,958 $372,286 1    Reclassified from Loans held for sale, at LCM.

The following tables summarize the aging of accrual and non-accrual loans HFS, at fair value by class:As of March 31, 2025Past Due and AccruingNon- accrualTotal Past Due and Non-accrualCurrentTotal Accounted for Under the FV Option30-59 Days60-89 Days90+ DaysSBA, at fair value$38,297 $7,315 $— $4,248 $49,860 $203,630 $253,490 ALP, at fair value8,732 — 2,538 — 11,270 283,198 294,468 Total$47,029 $7,315 $2,538 $4,248 $61,130 $486,828 $547,958 As of December 31, 2024Past Due and AccruingNon- accrualTotal Past Due and Non-accrualCurrentTotal Accounted for Under the FV Option30-59 Days60-89 Days90+ DaysSBA,