Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 270

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 270
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, 2024ChangeDeposits$9,845 $5,576 $4,269 Notes and securitizations:Notes payable - Securitization Trusts3,367 5,965 (2,598)2024 Notes1— 604 (604)2025 5.00% Notes2462 462 — 2025 8.125% Notes3— 1,148 (1,148)2026 Notes1,761 1,761 — 2027 Notes31,022 — 1,022 2028 Notes4887 887 — 2029 8.50% Notes51,655 — 1,655 2029 8.625% Notes61,739 — 1,739 2030 Notes781 — 81 Total notes and securitizations10,974 10,827 147 Bank and FHLB Borrowings:Bank notes payable3,034 1,614 1,420 FHLB Advances104 144 (40)Total bank and FHLB borrowings3,138 1,758 1,380 Total interest expense$23,957 $18,161 $5,796 

1    On August 1, 2024, the 2024 Notes matured.

2    On March 31, 2025, the 2025 5.00% Notes matured.

3    Effective December 11, 2024, the Company entered into the Agreements with each of the holders of the 2025 8.125% Notes, pursuant to which the Company and the holders of the 2025 8.125% Notes agreed to exchange the 2025 8.125% Notes for the 2027 Notes.

4    On August 31, 2023, the Company completed a public offering of $40.0 million aggregate principal amount of 8.00% notes due 2028. The Notes will mature on September 1, 2028. The Notes bear interest at a rate of 8.000% per year, payable quarterly on March 1, June 1, September 1, and December 1 each year, commencing on December 1, 2023.

5    On May 30, 2024, the Company completed a public offering of $62.