Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 97

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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-earning assets$263,909 $6,081 4.65 %$150,025 $3,828 5.13 %Investment securities17,066 490 5.79 35,447 834 4.73 Loans held for sale405,211 19,831 9.87 190,720 11,193 11.80 Loans held for investment1,151,308 48,006 8.41915,091 40,565 8.91Total interest-earning assets1,837,494 74,408 8.171,291,283 56,420 8.79Less: Allowance for credit losses on loans(35,931)(14,394)Noninterest earning assets201,783 199,395 Total assets$2,003,346 $1,476,284 Interest-bearing liabilities:Demand$136,176 $511 0.76 %$24,951 $92 0.74 %Savings and NOW390,422 8,749 4.52 252,280 6,363 5.07 Money Market46,982 984 4.22 20,759 456 4.42 Time362,354 8,958 4.99 219,390 5,530 5.07 Total deposits935,934 19,202 4.14 517,380 12,441 4.84 Borrowings689,189 27,350 8.00 646,318 25,947 8.07 Total interest-bearing liabilities1,625,123 46,552 5.78 1,163,698 38,388 6.63 Noninterest-bearing deposits— 204 Noninterest-bearing liabilities67,647 64,303 Shareholders’ equity310,576 248,079 Total liabilities and shareholders' equity$2,003,346 $1,476,284 Net interest income and interest rate spread$27,856 2.39 %$18,032 2.15 %Net interest margin3.06 %2.81 %Ratio of average interest-earning assets to average interest bearing liabilities113.07 %110.96 %

In response to market conditions and consistent with its business plan, Newtek Bank has been focused