Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 109

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 and other non-control investmentsRefer to NOTE 3—INVESTMENTS for a schedule of transactions with our joint ventures and other non-control equity investments. The following table summarizes the income earned from our joint ventures and other non-control investments for the periods ended March 31, 2025 and 2024:Three Months Ended March 31,20252024Servicing income$494 $348 Dividend income1,687 379 Total income$2,181 $727 Expenses1,329 — Net income/(expense) $852 $727 

Newtek Bank DepositsIn the normal course of business, Newtek Bank holds FDIC insured deposits from certain of the Company’s officers, directors and their associated companies. The following table summarizes the amounts due of deposits from related parties and their affiliated companies as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024FDIC insured deposits$4,793 $4,732 Non-FDIC insured deposits1,118 1,098 Total deposits from related parties and their affiliated companies$5,911 $5,830 

F-29

NOTE 6—SERVICING ASSETS:Servicing assets held by NSBF are measured at fair value and the Company performs valuations on a quarterly basis. Servicing assets held by Newtek Bank, including Newtek Bank’s subsidiary SBL, are measured at lower of cost or market where the assets are initially recorded at fair value, then subsequently amortized, and assessed for impairment each reporting period. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells, for the unguaranteed portions of SBA 7(a) loans in the NSBF sponsored securitizations, and for the portfolios of ALP loans SBL services for the NCL JV and TSO JV sponsored securitizations. The following table summarizes the unpaid principle balance of loans serviced at March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024SBA 7(a)$1,942,097 $1,996,715 ALP 168,214 169,842 50412,427 12,475 Total loans serviced$2,122,738 $2,179,032 

The following table summarizes the