Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 97

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 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 September 30, 2025, were $2.0 billion, an increase of $248.8 million, or 14.1%, compared to total liabilities of $1.8 billion at December 31, 2024. 

Deposits

Total deposits were $1.2 billion at September 30, 2025, consisting of $21.8 million in non-interest bearing deposits and $1.2 billion in interest bearing deposits, a $0.2 billion increase from the balance as of December 31, 2024. As of September 30, 2025 and December 31, 2024, insured deposits represent 78.3% and 80.3%, respectively, of deposits. 

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Borrowings

Borrowings OutstandingSeptember 30, 2025December 31, 2024ChangeBank Borrowings1:NMS Webster Note2$— $32,688 $(32,688)NMS Goldman Facility388,617 — 88,617 SPV I Capital One Facility23,155 21,192 1,963 SPV II Deutsche Bank Facility103,970 54,036 49,934 SPV III One Florida Bank Facility8,262 23,011 (14,749)FHLB Advances7,862 15,330 (7,468)Total Lines of Credit231,866 146,257 85,609 Parent Company Notes1:2025 Notes (5.00%)4— 29,913 (29,913)2026 Notes (5.50%)114,820 114,282 538 2027 Notes (8.125%)549,960 49,944 16 2028 Notes (8.00%)38,986 38,726 260 2029 Notes (8.50%)69,938 69,622 316 2029 Notes (8.625%)73,028 72,662 366 2030 Notes (8.375%)629,355 — 29,355 Total Parent Company Notes376,087 375,149 938 Notes Payable - Securitization Trusts1140,596 186,635 (46,039)Total$