Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 95

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 95
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357 61.7 %13,158 — 13,158 61.5 %Total NOO CRE$256,921 $28,678 $285,599 58.3 %$191,831 $58,803 $250,634 57.9 %Unfunded CommitmentsConstruction and land development1$— $57,053 $57,053 $— $48,402 $48,402 Hotel— — — — 13 13 Total unfunded commitments— 57,053 57,053 — 48,415 48,415 Total CRE Loans$256,921 $85,731 $342,652 $191,831 $107,218 $299,049 

1 Construction and land development includes SBA 504 first and second lien loans. The LTV on first lien is generally 65%. Second liens are typically taken out by the SBA following project completion and occupancy by the borrower. The LTV calculated is based on total exposure.

Goodwill and Intangibles

The table below presents detail of the Company’s Goodwill and intangibles:

September 30, 2025December 31, 2024GoodwillIntangible AssetsTotalGoodwillIntangible AssetsTotalBanking segment$271 $548 $819 $271 $667 $938 Payments segment13,814 — 13,814 13,814 — 13,814 Total$14,085 $548 $14,633 $14,085 $667 $14,752 

The change in goodwill and intangible assets relates to amortization of intangible assets during the nine months ended September 30, 2025. 

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A sensitivity analysis of the loan servicing assets at fair value to adverse changes in significant assumptions as of September 30, 2025 and December 31, 2024 is as follows:

September 30, 2025December 31, 2024Discount factorEffect on fair value of a 100 basis point adverse change$(649)$(831)Effect on fair value of a 200 basis point adverse change(1,252)(1,604)Cumulative prepayment rateEffect on fair value of a 100 basis point adverse change$(53)$(85)Effect on fair value of a 500 basis point adverse change(265