Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 199

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 199
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olders receiving the redemption price. 

In December 2017, NSBF completed its eighth securitization which resulted in the transfer of $76.2 million of unguaranteed portions of SBA loans to the 2017-1 Trust. The 2017-1 Trust in turn issued securitization notes for the par amount of $75.4 million, consisting of $58.1 million Class A notes and $17.3 million of Class B notes, against the assets in a private placement. The Class A and Class B notes received an “A” and “BBB-” rating by S&P, respectively, and the final maturity date of the notes is February 2043. On February 27, 2023, the 2017-1 Trust was terminated as a result of NSBF purchasing the 2017-1 Trust assets, with the 2017-1 Trust’s noteholders receiving the redemption price.

Regulatory Capital

The Company strives to maintain prudent capital levels to absorb risk and maximizing returns to shareholders. The Company and Newtek Bank are primarily constrained by the Total Capital and Leverage ratios given the mix of assets vis-a-vis capital.

Capital amounts and ratios for the Company as of June 30, 2025 and 2024 are presented in the table below:

ActualFor Capital Adequacy Purposes1For Consideration as Well-CapitalizedNewtekOne, Inc. - June 30, 2025AmountRatioAmountRatioAmountRatioTier 1 Capital (to Average Assets)$256,357 12.2 %$83,816 4.0 %N/AN/ACommon Equity Tier 1 (to Risk-Weighted Assets)256,357 16.1 %71,595 4.5 %N/AN/ATier 1 Capital (to Risk-Weighted Assets)256,357 16.1 %95,460 6.0 %N/AN/ATotal Capital (to Risk-Weighted Assets)296,269 18.6 %127,280 8.0 %N/AN/ANewtekOne, Inc. - June 30, 2024Tier 1 Capital (to Average Assets)$195,913 13.7 %$57,182 4.0 %N/AN/ACommon Equity Tier 1 (to Risk-Weighted Assets)195,913 16