Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 111

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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64 (222)(158)Loans held for sale(10,668)13,433 2,765 Loans held for investment(4,322)8,136 3,814 Total interest income(14,971)22,136 7,165 Interest expense:Demand(181)427 246 Savings and NOW(1,696)2,376 680 Money Market105 220 325 Time(4,750)5,991 1,241 Borrowings(643)519 (124)Total interest expense(7,165)9,533 2,368 Net interest income$(7,806)$12,603 $4,797 

Non-Interest Income

Three Months Ended June 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$600 $368 $232 63.0 %Net loss on loan servicing assets(4,355)(1,862)(2,493)133.9 Servicing income6,054 4,607 1,447 31.4 Net gains on sales of loans15,526 22,564 (7,038)(31.2)Net gain on residuals in securitizations31,465 — 31,465 100.0 Net loss on loans under the fair value option(11,761)(2,894)(8,867)306.4 Technology and IT support income— 5,174 (5,174)(100.0)Electronic payment processing income11,739 12,645 (906)(7.2)Other noninterest income7,007 11,418 (4,411)(38.6)  Total noninterest income$56,275 $52,020 $4,255 8.2 %

Dividend Income

For the three months ended June 30, 2025 and 2024, dividend income was dependent on the earnings of our joint ventures.

85

Net Loss on Loan Servicing Assets

The Company accounts for servicing assets in accordance with ASC Topic 860-50 - Transfers and Servicing - Servicing Assets and Liabilities. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells, from the SBA 7(a) loan securitizations sponsored by NSBF, and from servicing the