Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 162

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 162
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 and subsequently repurchasing the guaranteed portion from the SBA. As previously discussed, NSBF ceased originating loans during 2023, resulting in the decrease in the balance of loans held for investment from December 31, 2024 to September 30, 2025, primarily due to the principal payments of existing loans held by NSBF.

At Amortized Cost: Loans HFI, at amortized cost consist of loans originated at or purchased by Newtek Bank. The $212.4 million increase in loans HFI, at amortized cost is the result of an increase in originations for the nine months ended September 30, 2025 over 2024.

Credit Quality: The following table presents an analysis of loans HFI with credit metrics, including a breakdown by days aged:

Credit Quality RatiosSeptember 30, 2025December 31, 2024At Amortized CostCurrent$741,649 89.2 %$575,444 92.8 %Past Due 30-89 Days and accruing23,994 2.9 %20,585 3.3 %Past Due 90 and more Days and accruing399 — %— — %Nonaccrual loans65,678 7.9 %24,341 3.9 %Total, at amortized cost$831,720 100.0 %$620,370 100.0 %Deferred fees and costs2,367 1,281 Total, at amortized cost, net of deferred fees and costs$834,087 $621,651 Allowance for credit losses$(45,166)5.4 %$(30,233)4.9 %At Fair ValueCurrent$209,306 68.5 %$251,616 68.1 %Past Due 30-89 Days and accruing21,087 6.9 %41,558 11.2 %Past Due 90 and more Days and accruing2,182 0.7 %9,268 2.5 %Nonaccrual loans73,145 23.9 %67,304 18.2 %Total$305,720 100.0 %$369,746 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$96,414 31.5 %$