Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 22

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 22
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 investment, at amortized cost, net672,517 591,418 81,099 Total Loans$1,603,118 $1,392,253 $210,865 

Loans held for sale

Loans HFS, at fair value increased $175.7 million during the three months ended March 31, 2025. The overall increase was primarily the result of holding guaranteed portions of SBA 7(a) loans for longer periods of time as well as new loan originations during the first quarter of 2025, in the amount of $82.0 million for ALP loans and $93.7 million in SBA loans.

March 31, 2025December 31, 2024ChangeSBA 504 First Lien$148,929 $128,255 $20,674 SBA 504 Second Lien21,274 26,678 (5,404)SBA 7(a)64,976 4,855 60,121 SBA 7(a) Partials118,311 — 18,311 Total SBA loans253,490 159,788 93,702 ALP294,468 212,498 81,970 Loans held for sale, at fair value$547,958 $372,286 $175,672 

1    Reclassified from Loans held for sale, at LCM.

Loans HFS, at LCM decreased $23.0 million during the same period. The overall decrease was primarily the result of new loan originations during 2025, net of sales.

March 31, 2025December 31, 2024ChangeSBA 504 First Lien$29,602 $36,783 $(7,181)SBA 504 Second Lien6,247 8,203 (1,956)SBA 7(a) Partials1— 13,817 (13,817)Loans HFS, at LCM$35,849 $58,803 $(22,954)

1    Reclassified to Loans held for sale, at fair value.

58

Loans held for investment

At Fair value: Loans HFI, at fair value were $346.8 million at March 31, 2025 compared to $369.7 million at December 31, 2024. The balance consists primarily of S