Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 103

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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InterestAverage Yield / RateAverage BalanceInterestAverage Yield / RateInterest-earning assets:Other interest-earning assets$271,996 $8,599 4.23 %$157,415 $6,177 5.24 %Investment securities17,485 690 5.28 29,641 1,168 5.26 Loans held for sale413,150 31,348 10.14 210,110 17,743 11.28 Loans held for investment1,152,504 72,865 8.45934,010 62,603 8.95Total interest-earning assets1,855,135 113,502 8.181,331,176 87,691 8.80Less: Allowance for credit losses on loans(35,850)(16,663)Noninterest earning assets213,246 206,952 Total assets$2,032,531 $1,521,465 Interest-bearing liabilities:Demand$112,218 $788 0.94 %$33,442 $282 1.13 %Savings and NOW404,063 13,409 4.44 252,295 9,603 5.08 Money Market51,390 1,560 4.06 23,878 767 4.29 Time395,975 14,324 4.84 239,477 9,103 5.08 Total deposits963,646 30,081 4.17 549,092 19,755 4.81 Borrowings693,298 41,016 7.91 641,106 38,923 8.11 Total interest-bearing liabilities1,656,944 71,097 5.74 1,190,198 58,678 6.59 Noninterest-bearing deposits— 9,511 Noninterest-bearing liabilities80,167 64,675 Shareholders’ equity295,420 257,081 Total liabilities and shareholders' equity$2,032,531 $1,521,465 Net interest income and interest rate spread$42,405 2.44 %$29,013 2.21 %Net interest margin3.06 %2.91 %Ratio of average interest-earning assets to average interest bearing liabilities111.96