Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 305

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 305
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 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. 

72

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)(423)Average cumulative default rateEffect on fair value of a 100 basis point adverse change$(36)$(72)Effect on fair value of a 500 basis point adverse change(182)(358)

The sensitivity analysis presents the hypothetical effect on fair value of the servicing assets due to the change in significant assumptions. Changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value is not linear. Additionally, the sensitivity analysis shocks each significant assumption individually, while keeping all other assumptions unchanged. In practice, changes in one assumption generally impact other assumptions, which could increase or lessen the effect of the change. 

Residuals in Securitizations, at Fair Value

The residuals in securitizations, at fair value arise from the NALP Business Loan Trust 2025-1 ALP securitization that the Company closed on April 23, 2025. Residuals in securitizations were $76.7 million as of September 30, 2025. The Securitization Trust meets the definition of a VIE. The Company holds a variable interest in the VIE, however, the Company is not considered the primary beneficiary of the VIE, because the power over the activities that have the most significant impact on the economic performance of