Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 251

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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 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, TSO JV and Newtek ALP Holdings sponsored securitizations. The following table summarizes the unpaid principle balance of loans serviced at June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024SBA 7(a)$1,843,101 $1,996,715 ALP 374,619 169,842 50412,411 12,475 Total loans serviced$2,230,131 $2,179,032 

The following table summarizes the fair value and valuation assumptions related to servicing assets at June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024WeightedRangeWeightedRangeUnobservable InputAmountAverageMinimumMaximumAmountAverageMinimumMaximumServicing assets at FV:$18,384 $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 %22.50 %Average cumulative default rate21.00 %21.00 %21.00 %21.00 %21.00 %21.00 %Servicing assets at LCM:31,831 24,195 Discount factor111.24 %11.00 %12.00 %12.97 %12.00 %13.50 %Cumulative prepayment rate35.84 %22.50 %40.00 %34.65 %22.50 %75.00 %Average cumulative default rate16.43 %15.00 %21.00 %18.