Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 48

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of September 30, 2025 and December 31, 2024: Fair Value Measurements at September 30, 2025TotalLevel 1Level 2Level 3Assets:Debt securities available-for-sale, at fair valueU.S. Treasury notes$18,009 $18,009 $— $— Loans held for sale, at fair value757,001 — 278,678 478,323 Loans held for investment, at fair value305,720 — — 305,720 Individually evaluated loans181,337 — — 81,337 Other real estate owned, at fair value25,629 — — 5,629 Other real estate owned, at LCM1,22,261 — — 2,261 Residuals in securitizations, at fair value376,701 — — 76,701 Servicing assets, at fair value17,023 — — 17,023 Servicing assets, at LCM130,540 — — 30,540 Joint ventures and other non-control investments, at fair value51,390 7,960 5— 43,430 Derivative instruments1,2,3232 — 232 — Total assets measured at fair value$1,345,843 $25,969 $278,910 $1,040,964 Liabilities:Equity warrants3,4$77 $— $— $77 Total liabilities measured at fair value$77 $— $— $77 1    Non-recurring.2    Included in Other assets on the Consolidated Statements of Financial Condition.3    Measured at fair value on a recurring basis with the net unrealized gains or losses recorded in current period earnings.4    Included in Accounts payable, accrued expenses, and other liabilities on the Consolidated Statements of Financial Condition.5    Four million shares of IPM Preferred Stock valued at the closing price per share of IPM common stock of $1.99 on September 30, 2025. Fair Value Measurements at December 31, 2024TotalLevel 1Level 2Level 3Assets:Debt securities available-for-saleU.S. Treasury