Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 252

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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90 %5.00 %20.00 %Total$50,215 $46,257 1 Determined based on risk spreads and observable secondary market transactions.

Refer to NOTE 9—FAIR VALUE MEASUREMENTS for a rollforward of servicing assets, at fair value. The following tables show a rollforward of servicing assets, at LCM for the six months ended June 30, 2025 and 2024: Servicing Assets, at LCMJune 30, 2025June 30, 2024Balance at beginning of the period$24,195 $10,389 Amortization1(4,329)(1,805)Additions211,965 10,310 Impairment assessment— Balance at end of the period$31,831 $18,894 1    Included within Net loss on loan servicing assets in the Consolidated Statements of Income2    Included within Net gains on sales of loans in the Consolidated Statements of Income

Servicing income earned for the three and six months ended June 30, 2025 and 2024 was as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Servicing income$6,054$4,607$11,579$9,964

F-38

NOTE 8—GOODWILL AND INTANGIBLE ASSETS:GoodwillThe following table summarizes the carrying amount of goodwill:June 30, 2025December 31, 2024Banking$271 $271 Payments13,814 13,814 Total goodwill$14,085 $14,085 Banking: The goodwill in the banking segment was generated from the Acquisition, representing the excess of the purchase price over the fair value of the net assets acquired.Payments: The goodwill in the payments segment was generated from acquisitions by the legal entities within this segment prior to the consolidation of those entities into NewtekOne following the Acquisition.

Intangible AssetsThe following table summarizes intangible assets:At June 30, 2025At December 31, 2024Gross carrying AmountAccumulated AmortizationNet Carrying amountGross carrying AmountAccumulated AmortizationNet Carrying amountBanking - Core Deposits$1,040 $(453)$587 $1,040 $(373)$667 Core Deposits Intangible. CDI is a measure of the value