Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 56

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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,238 $13,362 $27,350 $25,947 

F-48

NOTE 12—DERIVATIVE INSTRUMENTS:The Company historically uses derivative instruments primarily to economically manage the fair value variability of certain fixed rate assets caused by interest rate fluctuations and overall portfolio market risk. The following is a breakdown of the derivatives outstanding as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024Fair ValueRemainingFair ValueRemainingContract TypeNotional1Asset2Liability3Maturity (years)Notional1Asset2Liability3Maturity (years)5-year Treasury Futures$(92,919)$— $821 0.25 years$(153,049)$715 $— 0.25 years1    Shown as a negative number when the position is sold short. 2     Shown in Other assets in the accompanying Consolidated Statements of Financial Condition.3    Shown in Accounts payable, accrued expenses, and other liabilities in the accompanying Consolidated Statements of Financial Condition.

The following table indicates the net realized gains (losses) and unrealized appreciation (depreciation) on derivatives as included in Other noninterest income in the Consolidated Statements of Income for the three and six months ended June 30, 2025 and 2024:

Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Contract TypeUnrealized Appreciation/(Depreciation)Realized Gain/(Loss)Unrealized Appreciation/(Depreciation)Realized Gain/(Loss)Unrealized Appreciation/(Depreciation)Realized Gain/(Loss)Unrealized Appreciation/(Depreciation)Realized Gain/(Loss)5-year Treasury Futures$219 $(1,322)$(386)$755 $(1,536)$(2,190)$206 $487 Collateral posted with our futures counterparty is segregated in the Company’s books and records. Historically, the Company’s counterparty has held cash margin as collateral for derivatives, which is included in restricted cash in the consolidated balance sheets. Interest rate futures are centrally cleared by the Chicago Mercantile Exchange (“CME”) through a futures commission merchant. The Company is required to post initial margin and daily variation margin for interest rate futures that are centrally cleared by CME. C