Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 296

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 296
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 presents an analysis of loans HFI with credit metrics, including a breakdown by days aged:

Credit Quality RatiosJune 30, 2025December 31, 2024At Amortized CostCurrent$699,196 91.3 %$575,444 92.8 %Past Due 30-89 Days and accruing20,507 2.7 %20,585 3.3 %Nonaccrual loans45,949 6.0 %24,341 3.9 %Total, at amortized cost$765,652 100.0 %$620,370 100.0 %Deferred fees and costs2,175 1,281 Total, at amortized cost, net of deferred fees and costs$767,827 $621,651 Allowance for credit losses$(42,625)5.6 %$(30,233)4.9 %At Fair ValueCurrent$230,743 70.8 %$251,616 68.1 %Past Due 30-89 Days and accruing24,616 7.5 %41,558 11.2 %Past Due 90 and more Days and accruing— — %9,268 2.5 %Nonaccrual loans70,754 21.7 %67,304 18.2 %Total$326,113 100.0 %$369,746 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$95,370 29.2 %$118,130 31.9 %Nonperforming Assets, as a percentage of total assetsLoans HFI, at amortized cost$45,949 2.2 %$24,341 1.2 %Loans HFI, at fair value70,754 3.3 %67,304 3.2 %Other real estate owned5,894 0.3 %3,764 0.2 %  Total Nonperforming Assets$122,597 5.8 %$95,409 4.6 %

CRE exposure

The Company’s loan portfolio consists of loans to independent business owners (SMBs). The Company’s Loans HFI at amortized cost and Loans HFS at LCM include a total of $330.