Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 106

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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 segment:March 31, 2025December 31, 2024Recorded InvestmentCREC&ISBATotalCREC&ISBATotalIndividually Evaluated$19,293 $767 $34,008 $54,068 $2,635 $— $21,706 $24,341 Collectively Evaluated211,333 49,683 394,488 655,504 189,196 47,558 359,275 596,029 Total$230,626 $50,450 $428,496 $709,572 $191,831 $47,558 $380,981 $620,370 The amortized cost basis of loans on nonaccrual status and the individually assessed ACL are as follows:March 31, 2025December 31, 2024Nonaccrual without AllowanceNonaccrual with AllowanceACLNonaccrual without AllowanceNonaccrual with AllowanceACLSBA$6,786 $22,885 $11,536 $7,264 $14,444 $7,019 CRE23,631 — — 2,635 — — C&I— 767 767 — — — Total $30,417 $23,652 $12,303 $9,899 $14,444 $7,019 The unpaid contractual principal balance and recorded investment for the loans individually assessed is shown in the table below by type: March 31, 2025December 31, 2024Real Estate CollateralNon-Real Estate CollateralTotalACLReal Estate CollateralNon-Real Estate CollateralTotalACLSBA$31,128 $2,880 $34,008 $11,536 $19,586 $2,120 $21,706 $7,019 CRE19,293 — 19,293 — 2,635 — 2,635 — C&I— 767 767 767 — — — — Total$50,421 3,647 54,068 12,303 $22,221 2,120 24,341 7,019 Accrued interest on loans totaled $16.0 million and $15.5 million as