Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 219

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 219
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558 $380,981 $620,370 The amortized cost basis of loans on nonaccrual status and the individually assessed ACL are as follows:March 31, 2025December 31, 2024Nonaccrual without AllowanceNonaccrual with AllowanceACLNonaccrual without AllowanceNonaccrual with AllowanceACLSBA$6,786 $22,885 $11,536 $7,264 $14,444 $7,019 CRE23,631 — — 2,635 — — C&I— 767 767 — — — Total $30,417 $23,652 $12,303 $9,899 $14,444 $7,019 The unpaid contractual principal balance and recorded investment for the loans individually assessed is shown in the table below by type: March 31, 2025December 31, 2024Real Estate CollateralNon-Real Estate CollateralTotalACLReal Estate CollateralNon-Real Estate CollateralTotalACLSBA$31,128 $2,880 $34,008 $11,536 $19,586 $2,120 $21,706 $7,019 CRE19,293 — 19,293 — 2,635 — 2,635 — C&I— 767 767 767 — — — — Total$50,421 3,647 54,068 12,303 $22,221 2,120 24,341 7,019 Accrued interest on loans totaled $16.0 million and $15.5 million as of March 31, 2025 and December 31, 2024, respectively, and is excluded from the estimate of credit losses. The Company writes off accrued interest receivable by reversing interest income and typically occurs upon loans becoming 90 to 120 days past due.

Loan Modifications Made to Borrowers Experiencing Financial DifficultyThe Company did not make any loan modifications to borrowers experiencing financial difficulty that would require disclosure, such as principal forgiveness, term extension, or interest rate reductions during the three months ended March 31, 2025 and 2024. Additionally, there were no troubled debt restructurings under legacy U.S. GAAP during the three months ended