Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 272

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 272
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 specific reserves on impaired loans, and balances of loans held for investment at amortized cost, across all products but specifically SBA 7(a) loans.

65

Net Interest Income and Margin

Average Balances and Yields. The following table presents information regarding average balances for assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amount of interest expense on average interest-bearing liabilities, and the resulting average yields and costs. The yields and costs for the periods indicated are derived by dividing the income or expense by the average balances for assets or liabilities, respectively, for the periods presented and annualizing that result. Loan fees are included in interest income on loans.

Three Months Ended March 31,20252024Average BalanceInterestAverage Yield / RateAverage BalanceInterestAverage Yield / RateInterest-earning assets:Interest-earning balances in other banks$292,972 $3,131 4.33 %$128,117 $1,622 5.09 %Investment securities23,462 276 4.77 38,883 460 4.76 Loans held for sale493,621 13,961 11.47 154,983 5,027 13.05 Loans held for investment1,050,166 20,522 7.93903,626 19,958 8.88Total interest-earning assets1,860,221 37,890 8.261,225,609 27,067 8.88Less: Allowance for credit losses on loans(33,140)(12,613)Noninterest earning assets271,244 188,558 Total assets$2,098,325 $1,401,554 Interest-bearing liabilitiesDemand$121,157 $403 1.35 %$18,730 $29 0.62 %Savings and NOW402,834 4,278 4.31 251,766 3,163 5.05 Money Market36,630 393 4.35 16,868 198 4.72 Time407,353 4,771 4.75 177,985 2,186 4.94 Total deposits967,974 9,845 4.12 465,349 5,576 4.82 Borrowings712,518 14,112 8.03 636