Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 164

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 164
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 — 34,615 50.7 %27,866 — 27,866 50.1 %Office30,977 — 30,977 49.7 %21,586 — 21,586 47.7 %Construction and land development116,318 22,119 38,437 66.6 %22,775 44,986 67,761 65.1 %Hotel5,220 6,559 11,779 59.0 %— 13,817 13,817 66.2 %Other13,357 — 13,357 61.7 %13,158 — 13,158 61.5 %Total NOO CRE$256,921 $28,678 $285,599 58.3 %$191,831 $58,803 $250,634 57.9 %Unfunded CommitmentsConstruction and land development1$— $57,053 $57,053 $— $48,402 $48,402 Hotel— — — — 13 13 Total unfunded commitments— 57,053 57,053 — 48,415 48,415 Total CRE Loans$256,921 $85,731 $342,652 $191,831 $107,218 $299,049 

1 Construction and land development includes SBA 504 first and second lien loans. The LTV on first lien is generally 65%. Second liens are typically taken out by the SBA following project completion and occupancy by the borrower. The LTV calculated is based on total exposure.

Goodwill and Intangibles

The table below presents detail of the Company’s Goodwill and intangibles:

September 30, 2025December 31, 2024GoodwillIntangible AssetsTotalGoodwillIntangible AssetsTotalBanking segment$271 $548 $819 $271 $667 $938 Payments segment13,814 — 13,814 13,814 — 13,814 Total$14,085 $548 $14,633 $14,085 $667 $14,752 

The change in goodwill and intangible assets relates to amortization of intangible assets during the nine months ended September 30