Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 222

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 222
---
IC 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 March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024FDIC insured deposits$4,793 $4,732 Non-FDIC insured deposits1,118 1,098 Total deposits from related parties and their affiliated companies$5,911 $5,830 

F-29

NOTE 6—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) loans it originates and sells, for the unguaranteed portions of SBA 7(a) loans in the NSBF sponsored securitizations, and for the portfolios of ALP loans SBL services for the NCL JV and TSO JV sponsored securitizations. The following table summarizes the unpaid principle balance of loans serviced at March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024SBA 7(a)$1,942,097 $1,996,715 ALP 168,214 169,842 50412,427 12,475 Total loans serviced$2,122,738 $2,179,032 

The following table summarizes the fair value and valuation assumptions related to servicing assets at March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024WeightedRangeWeightedRangeUnobservable InputAmountAverageMinimumMaximumAmountAverageMinimumMaximumServicing assets at FV:$20,215 $22,062 Discount factor112.00 %12.00 %12.00 %12.00 %12.00 %12.00 %Cumulative prepayment rate22.50 %22.50 %22.50 %22.50 %22.50 %22.