Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 254

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 254
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:Due to/from affiliated companiesThe following table summarizes the amounts due to and due from affiliated companies as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024Due to affiliated companies1$109 $242 Due from affiliated companies226 — Total due to/due from affiliated companies$83 $242 1    Included within Accounts payable, accrued expenses, and other liabilities2    Included within Other assets 

Transactions with joint ventures and other non-control investmentsRefer to NOTE 4—INVESTMENTS for a schedule of transactions with our joint ventures and other non-control equity investments. The following table summarizes the income earned from our joint ventures and other non-control investments for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Servicing income$357 $576 $1,292 $1,446 Dividend income425 374 2,711 1,128 Total income$782 $950 $4,003 $2,574 Expenses2,117 — 6,009 — Net income/(expense) $(1,335)$950 $(2,006)$2,574 

Newtek Bank DepositsIn the normal course of business, Newtek Bank holds FDIC insured deposits from certain of the Company’s officers, directors and their associated companies. The following table summarizes the amounts due of deposits from related parties and their affiliated companies as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024FDIC insured deposits$4,497 $4,732 Non-FDIC insured deposits291 1,098 Total deposits from related parties and their affiliated companies$4,788 $5,830 

F-38

NOTE 7—SERVICING ASSETS:Servicing assets held by NSBF are measured at fair value and the Company performs valuations on a quarterly basis. Servicing assets held by Newtek Bank, including Newtek Bank’s subsidiary SBL, are measured at lower of cost or market where the assets are initially recorded at fair value, then subsequently amortized, and assessed for impairment each reporting period. The Company earns servicing fees from the guaranteed portions of SBA 7(a)