Company: NEWTP
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001587987-25-000050
Chunk: 13

Company: NewtekOne, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 13
---
987 67,762 65.1 %28,404 51,907 80,311 83.1 %Hotel— 13,817 13,817 66.2 %— 4,700 4,700 55.3 %Other13,158 — 13,158 61.5 %3,500 — 3,500 52.8 %Total NOO CRE$191,831 $58,804 $250,635 57.9 %$163,803 $56,607 $220,410 60.3 %Unfunded CommitmentsConstruction and land development1$— $48,402 $48,402 $— $4,493 $4,493 Hotel— 13 13 — — — Multifamily— — — — — — Total unfunded commitments— 48,415 48,415 — 4,493 4,493 Total CRE Loans$191,831 $107,219 $299,050 $163,803 $61,100 $224,903 

1 Construction and land development includes SBA 504 first and second lien loans. The LTV on first lien is generally 65%. Second liens are typically taken out by the SBA following project completion and occupancy by the borrower. The LTV calculated is based on total exposure.

Goodwill and Intangibles

The table below presents detail of the Company’s Goodwill and intangibles:

December 31, 2024December 31, 2023GoodwillIntangible AssetsTotalGoodwillIntangible AssetsTotalBanking segment$271 $667 $938 $271 $843 $1,114 Payments segment13,814 — 13,814 13,814 13 13,827 Technology segment1— — — 11,800 3,379 15,179 Total$14,085 $667 $14,752 $25,885 $4,235 $30,120 

1 As of December 31, 2024, the assets of the Technology segment are classified as held-for-sale. See NOTE 9—ASSETS AND LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE for more information.

The change in