Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 230

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 230
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 and estimated fair values of the Company’s financial instruments not measured at fair value on a recurring or non-recurring basis are as follows:March 31, 2025Carrying AmountFair Value Amount by Level:Total Fair ValueLevel 1Level 2Level 3Financial Assets:Cash and due from banks$10,201 $10,201 $— $— $10,201 Restricted cash24,151 24,151 — — 24,151 Interest bearing deposits in banks259,782 259,782 — — 259,782 Debt securities available-for-sale, at FV14,127 14,127 — — 14,127 Loans HFS, at FV547,958 — — 547,958 547,958 Loans HFS, at LCM35,849 — — 35,849 35,849 Loans HFI, at FV346,794 — — 346,794 346,794 Loans HFI, at amortized cost, net of deferred fees and costs711,166 — — 760,857 760,857 Federal Home Loan Bank and Federal Reserve Bank stock3,862 — 3,862 — 3,862 Joint ventures and other non-control investments, at FV69,242 6,960 — 62,282 69,242 Financial Liabilities:Time deposits402,265 — 403,284 — 403,284 Borrowings773,991 — 300,655 478,821 779,476 December 31, 2024Carrying AmountFair Value Amount by Level:Total Fair ValueLevel 1Level 2Level 3Financial Assets:Cash and due from banks$6,941 $6,941 $— $— $6,941 Restricted cash28,226 28,226 — — 28,226 Interest bearing deposits in banks346,207 346,207 — — 346,207 Debt securities available-for-sale, at FV23,916 23,916 — — 23,916 Loans HFS, at FV372,286 — — 372,286 372,286 Loans HFS, at LCM58,803 — —