Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 246

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 246
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— — — Provision for credit losses1615 1,492 20,481 22,588 186 (99)9,607 9,694 Ending balance$2,045 $1,540 $39,040 $42,625 $1,358 $215 $19,525 $21,098 1     Excludes $34 thousand and $120 thousand of Provision for credit losses relating to unfunded commitments for the six months ended June 30, 2025 and June 30, 2024, respectively, which is recorded within Accounts payable, accrued expenses and other liabilities in accordance with ASC 326.

F-33

The following table details activity in the ACL for the three months ended June 30, 2025 and 2024:June 30, 2025June 30, 2024CREC&ISBATotalCREC&ISBATotalBeginning balance$1,837 $609 $36,203 $38,649 $1,278 $297 $14,551 $16,126 Charge offs— (267)(4,815)(5,082)(236)— (564)(800)Recoveries— — 13 13 — — — — Provision for credit losses1208 1,198 7,639 9,045 316 (82)5,538 5,772 Total $2,045 $1,540 $39,040 $42,625 $1,358 $215 $19,525 $21,098 1    Excludes $72 thousand and $27 thousand of Provision for credit losses relating to unfunded commitments for the three months ended June 30, 2025 and 2024, respectively, which is recorded within Accounts payable, accrued expenses and other liabilities in accordance with ASC 326.

The Company identified 322 and 145 loans as of June 30, 2025 and December 31, 2024, respectively, that did not share similar risk characteristics with the loan segments identified in NOTE 2—SIGNIFICANT ACCOUNTING POLICIES and evaluated them for impairment individually. The following table presents the individually evaluated and collectively evaluated ACL by segment:June 30, 2025December 31, 2024ACLCREC&ISBATotalCREC&ISBAT