Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 53

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 53
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.2 million primarily comprised (i) $110.7 million in the net increase in loans held for investment, at cost; and (ii) $2.0 million in purchases of available-for-sale securities. These uses were partially offset by (i) a $17.7 million net decrease in loans held for investment, at fair value; and (ii) $12.0 million in maturities of available-for-sale securities.

Net cash provided by financing activities was $52.7 million consisting primarily of a (i) $85.2 million of borrowings on bank notes payable; and (ii) $30.0 million of net proceeds from the 2030 Notes.These sources of cash were offset by (i) $30.0 million maturity of the 2025 5.0% Notes; (ii) $16.0 million of principal payments related to securitization notes payable; (iii) $7.0 million net decrease in deposits; and (iv) $5.2 million of dividends paid.

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Contractual Obligations

The following table represents the Company’s obligations and commitments as of March 31, 2025. Amounts represent principal only and are not shown net of unamortized debt issuance costs. See NOTE 10—BORROWINGS.

Payments due by periodContractual ObligationsTotal20252026202720282029ThereafterDeposits:Demand$11,920 $11,920 $— $— $— $— $— Checking109,129 109,129 — — — — — Money market36,062 36,062 — — — — — Savings406,945 406,945 — — — — — Time deposits402,265 338,423 41,170 22,170 359 117 26 Webster NMS Note141,897 12,990 5,981 22,926 — — FHLB Advances11,856 4,508 2,094 5,254 — — — SPV I Capital One Facility117,550 17,550 — — — — — SPV II Deutsche Bank Facility1128,200 — — 128,200 — — — SPV III One Florida Bank Facility129,600