Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 253

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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 of non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts that are acquired in a business combination. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable to the core deposit funding, relative to an alternative source of funding. The CDI relating to the NBNYC Acquisition will be amortized over an estimated useful life of 10 years using the sum of years digits depreciation method. The Company evaluates such identifiable intangibles for impairment when an indication of impairment exists.

Amortization expense for the three and six months ended June 30, 2025 and 2024 is as follows, and is included in Depreciation and amortization on the Consolidated Statements of Income:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Amortization expense$43 $194 $86 $401 

The remaining estimated aggregate future amortization expense for intangible assets as of June 30, 2025 is as follows:Amortization Expense2025$75 2026135 2027114 202894 202973 Thereafter96 Total$587 

F-39

NOTE 9—FAIR VALUE MEASUREMENTS:

The following tables present fair value measurements of certain of the Company’s assets and liabilities measured at fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of June 30, 2025 and December 31, 2024: Fair Value Measurements at June 30, 2025TotalLevel 1Level 2Level 3Assets:Debt securities available-for-sale, at fair valueU.S. Treasury notes$14,245 $14,245 $— $— Loans held for sale, at fair value514,609 — 203,586 311,023 Loans held for investment, at fair value326,113 — — 326,113 Individually evaluated loans155,711 — — 55,711 Other real estate owned25,176 — — 5,176 Residuals in securitizations, at fair value377,701 — — 77,701 Servicing assets, at fair value18,384 — — 18,384 Servicing assets, at LCM131,831 —