Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 40

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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909 $164,029 $61,786 $24,867 $207,279 $990,116 

F-34

Allowance for Credit LossesSee NOTE 2—SIGNIFICANT ACCOUNTING POLICIES for a description of the methodologies used to estimate the ACL.

The following table details activity in the ACL for the nine months ended September 30, 2025 and 2024:September 30, 2025September 30, 2024CREC&ISBATotalCREC&ISBATotalBeginning balance$1,430 $315 $28,488 $30,233 $1,408 $314 $10,852 $12,574 Charge offs(122)(275)(15,008)(15,405)(236)— (2,697)(2,933)Recoveries— — 35 35 — — — — Provision for credit losses1523 3,068 26,712 30,303 98 (286)16,592 16,404 Ending balance$1,831 $3,108 $40,227 $45,166 $1,270 $28 $24,747 $26,045 1     Excludes $31 thousand and $338 thousand of Provision for credit losses relating to unfunded commitments for the nine months ended September 30, 2025 and September 30, 2024, respectively, which is recorded within Accounts payable, accrued expenses and other liabilities in accordance with ASC 326.

The following table details activity in the ACL for the three months ended September 30, 2025 and 2024:September 30, 2025September 30, 2024CREC&ISBATotalCREC&ISBATotalBeginning balance$2,045 $1,540 $39,040 $42,625 $1,358 $215 $19,525 $21,098 Charge offs(122)(8)(5,062)(5,192)— — (1,763)(1,763)Recoveries— — 18 18 — — — — Provision for credit losses1(92)1,576 6,231 7,715 (88)(187)6,985 6,710 Total $1,831