Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 76

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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ITEM 1. FINANCIAL STATEMENTS.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(In Thousands, except for Per Share Data)March 31, 2025December 31, 2024ASSETS(Unaudited)Cash and due from banks$10,201 $6,941 Restricted cash24,151 28,226 Interest bearing deposits in banks259,782 346,207 Total cash and cash equivalents294,134 381,374 Debt securities available-for-sale, at fair value14,127 23,916 Loans held for sale, at fair value547,958 372,286 Loans held for sale, at LCM35,849 58,803 Loans held for investment, at fair value346,794 369,746 Loans held for investment, at amortized cost, net of deferred fees and costs711,166 621,651 Allowance for credit losses(38,649)(30,233)Loans held for investment, at amortized cost, net672,517 591,418 Federal Home Loan Bank and Federal Reserve Bank stock3,862 3,585 Settlement receivable6,089 52,465 Joint ventures and other non-control investments, at fair value (cost of $54,493 and $44,039), respectively69,242 57,678 Goodwill and intangibles14,711 14,752 Right of use assets5,268 5,688 Servicing assets, at fair value20,215 22,062 Servicing assets, at LCM24,410 24,195 Other assets81,561 60,636 Assets held for sale— 21,308 Total assets$2,136,737 $2,059,912 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities:Deposits:Noninterest-bearing$11,920 $11,142 Interest-bearing954,401 961,910 Total deposits966,321 973,052 Borrowings773,991 708,041 Dividends payable5,235 5,233 Lease liabilities6,012 6,498 Deferred tax liabilities, net5,041 2,244 Due to participants35,580 21,532 Accounts payable, accrued expenses and