Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 98

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 on increasing its liquidity position by raising additional deposits and maintaining a significant portion of its liquidity in the form of cash held at the Federal Reserve, approximately $179.7 million as of June 30, 2025, as opposed to long-term investments. In addition, Newtek Bank management continues to closely monitor market conditions with a focus on its asset liability management policies, as well as closely monitoring, among other things, capital levels, to ensure compliance with regulatory guidelines and the OCC Operating Agreement. The increase in the average balance of loans HFS was attributable to originations of SBA 504, SBA 7(a) and ALP loans, and the increase in the average outstanding accrual loan portfolio resulted from the origination of new SBA 7(a) loans period over period.

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Rate/Volume Analysis

The following table sets forth the effects of changing rates and volumes on net interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The total column represents the sum of the prior columns. For purposes of this table, increases or decreases attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

Six Months Ended June 30,2025 vs. 2024Increase (Decrease) Due toRateVolumeTotalInterest income:Other interest-earning assets$(653)$2,906 $2,253 Investment securities88 (432)(344)Loans held for sale(3,950)12,588 8,638 Loans held for investment(3,030)10,471 7,441 Total interest income(7,545)25,533 17,988 Interest expense:Demand9 410 419 Savings and NOW(1,098)3,484 2,386 Money Market(48)576 528 Time(176)3,604 3,428 Borrowings(318)1,721 1,403 Total interest expense(1,631)9,795 8,164 Net interest income$(5,914)$15,738 $9,824 

 Noninterest Income

Six months ended June 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$2,286 $