Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 263

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 263
---
31, 2024$%$%At Amortized CostCurrent$661,739 93.2 %$575,444 92.8 %Past Due 30-89 Days and accruing9,708 1.4 %20,585 3.3 %Nonaccrual loans38,125 5.4 %24,341 3.9 %Total, at amortized cost$709,572 100.0 %$620,370 100.0 %Deferred fees and costs1,594 1,281 Total, at amortized cost, net of deferred fees and costs$711,166 $621,651 Allowance for credit losses$(38,649)5.4 %$(30,233)4.9 %At Fair ValueCurrent$240,490 69.4 %$251,616 68.1 %Past Due 30-89 Days and accruing37,266 10.7 %41,558 11.2 %Past Due 90 and more Days and accruing— — %9,268 2.5 %Nonaccrual loans69,038 19.9 %67,304 18.2 %Total$346,794 100.0 %$369,746 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$106,304 30.7 %$118,130 31.9 %Nonperforming Assets, as a percentage of total assetsLoans HFI, at amortized cost$38,125 1.8 %$24,341 1.2 %Loans HFI, at fair value69,038 3.2 %67,304 3.2 %Other real estate owned5,852 0.3 %3,764 0.2 %  Total Nonperforming Assets$113,015 5.3 %$95,409 4.6 %

CRE exposure

The Company’s loan portfolio consists of loans to independent business owners (SMBs). The Company’s Loans HFI at amortized cost and Loans HFS at LCM include a total of $315.0 million of loans, including unfunded commitments, backed by CRE and considered non-owner occupied as of March 31, 2025