Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 42

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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2024Nonaccrual without AllowanceNonaccrual with AllowanceACLNonaccrual without AllowanceNonaccrual with AllowanceACLSBA$20,730 $39,317 $12,789 $7,264 $14,442 $7,019 CRE3,165 — — 2,635 — — C&I456 2,010 1,536 — — — Total $24,351 $41,327 $14,325 $9,899 $14,442 $7,019 The unpaid contractual principal balance and recorded investment for the loans individually assessed is shown in the table below by type: September 30, 2025December 31, 2024Real Estate CollateralNon-Real Estate CollateralTotalACLReal Estate CollateralNon-Real Estate CollateralTotalACLSBA$49,585 $10,463 $60,048 $12,789 $19,586 $2,120 $21,706 $7,019 CRE18,824 — 18,824 — 2,635 — 2,635 — C&I2,375 90 2,465 1,536 — — — — Total$70,784 $10,553 $81,337 $14,325 $22,221 $2,120 $24,341 $7,019 Accrued interest on loans totaled $20.2 million and $15.5 million as of September 30, 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 DifficultyDuring the three months ended September 30, 2025, the Company executed one loan modification involving a borrower experiencing financial difficulty, with an amortized cost basis of $0.25 million. The modification resulted in an other-than-insignificant delay in payments; however, the Company expects to receive all contractual principal and interest. The terms of the modification did not include principal forgiveness, term extension, or interest rate reductions.No other loan modifications to borrowers experiencing financial difficulty were executed during the three and