Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 257

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 257
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 to the core deposit funding, relative to an alternative source of funding. The CDI relating to the NBNYC Acquisition will be amortized over an estimated useful life of 10 years using the sum of years digits depreciation method. The Company evaluates such identifiable intangibles for impairment when an indication of impairment exists.

Amortization expense for the three and nine months ended September 30, 2025 and 2024 is as follows, and is included in Depreciation and amortization on the Consolidated Statements of Income:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Amortization expense$43 $192 $129 $593 

The remaining estimated aggregate future amortization expense for intangible assets as of September 30, 2025 is as follows:Amortization Expense2025$37 2026135 2027114 202894 202973 Thereafter95 Total$548 

F-40

NOTE 9—FAIR VALUE MEASUREMENTS:

The following tables present fair value measurements of certain of the Company’s assets and liabilities measured at fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of September 30, 2025 and December 31, 2024: Fair Value Measurements at September 30, 2025TotalLevel 1Level 2Level 3Assets:Debt securities available-for-sale, at fair valueU.S. Treasury notes$18,009 $18,009 $— $— Loans held for sale, at fair value757,001 — 278,678 478,323 Loans held for investment, at fair value305,720 — — 305,720 Individually evaluated loans181,337 — — 81,337 Other real estate owned, at fair value25,629 — — 5,629 Other real estate owned, at LCM1,22,261 — — 2,261 Residuals in securitizations, at fair value376,701 — — 76,701 Servicing assets, at fair value17,023 — — 17,023 Servicing assets, at LCM130,540 — — 30,540 Joint ventures and other non-control investments, at fair value51,390 7,960