Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 91

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 The settlement receivable arises from the guaranteed portions of SBA 7(a) loans that were traded in the period but did not settle during the current period end and the cash was not received from the purchasing broker during the current period; the amount varies depending on loan origination volume and timing of sales at quarter end. The reduction in the settlement receivable was primarily the result of our holding guaranteed portions of SBA 7(a) loans for longer periods of time.

LIABILITIES

Total liabilities at June 30, 2025, were $1.8 billion, an increase of $50.4 million, or 2.9%, compared to total liabilities of $1.8 billion at December 31, 2024. 

Deposits

Total deposits were $1.1 billion at June 30, 2025, consisting of $41.0 million in non-interest bearing deposits and $1.0 billion in interest bearing deposits, a $110.2 million increase from the balance as of December 31, 2024. As of June 30, 2025 and December 31, 2024, insured deposits represent 78.3% and 80.3%, respectively, of deposits. 

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Borrowings

Borrowings OutstandingJune 30, 2025December 31, 2024ChangeBank Borrowings1:NMS Webster Note$40,730 $32,688 $8,042 SPV I Capital One Facility7,491 21,192 (13,701)SPV II Deutsche Bank Facility37,701 54,036 (16,335)SPV III One Florida Bank Facility30,000 23,011 6,989 FHLB Advances28,370 15,330 (6,960)Total Lines of Credit124,292 146,257 (21,965)Parent Company Notes1:2025 Notes (5.00%)3— 29,913 (29,913)2026 Notes (5.50%)114,641 114,282 359 2027 Notes (8.125%)449,952 49,944 8 2028 Notes (8.00%)38,900 38,726 174 2029 Notes (8.50%)69,878 69,622 256 2029 Notes (8.625%)72,906 72,662 244 2030 Notes (8