Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 32

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
, at amortized cost by class:As of June 30, 2025Past Due and AccruingNon- accrualTotal Past Due and Non-accrualCurrentTotal Carried at Amortized Cost30-59 Days60-89 Days90+ DaysAt amortized costSBA$9,582 $5,204 $— $42,334 $57,120 $413,148 $470,268 CRE897 — — 2,350 3,247 240,805 244,052 C&I4,747 77 — 1,265 6,089 45,243 51,332 Total, at amortized cost$15,226 $5,281 $— $45,949 $66,456 $699,196 $765,652 Deferred fees and costs2,175 Total, at amortized cost net of deferred fees and costs$767,827 Allowance for credit losses(42,625)Total, at amortized cost, net$725,202 As of December 31, 2024Past Due and AccruingNon- accrualTotal Past Due and Non-accrualCurrentTotal Carried at Amortized Cost30-59 Days60-89 Days90+ DaysAt amortized costSBA$11,264 $9,046 $— $21,706 $42,016 $338,965 $380,981 CRE— — — 2,635 2,635 189,196 191,831 C&I275 — — — 275 47,283 47,558 Total, at amortized cost$11,539 $9,046 $— $24,341 $44,926 $575,444 $620,370 Deferred fees and costs1,281 Total, at amortized cost net of deferred fees and costs$621,651 Allowance for credit losses(30,233)Total, at amortized cost, net$591,418 

Credit Quality Indicators The Company uses internal loan reviews to assess the performance of individual loans. In addition, an independent review of the loan portfolio is performed annually by an external firm. The goal of the Company’s annual review of each borrower’s financial performance is to validate the adequacy of the risk grade assigned