Company: NEWTP
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001587987-25-000050
Chunk: 11

Company: NewtekOne, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 11
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 loans held by NSBF.

At Amortized Cost: Loans HFI, at amortized cost consists of loans originated at or purchased by Newtek Bank. The $285.3 million increase in loans HFI, at amortized cost is the result of an increase in originations for the year ended December 31, 2024 over 2023.

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Credit Quality: The following table presents an analysis of loans HFI with credit metrics, including a breakdown by days aged:

Credit Quality RatiosDecember 31, 2024December 31, 2023$%$%At Amortized CostCurrent$575,444 92.8 %$325,643 96.9 %Past Due 31-89 Days20,585 3.3 %4,896 1.5 %Nonaccrual loans24,341 3.9 %5,373 1.6 %Total, at amortized cost$620,370 100.0 %$335,912 100.0 %Deferred fees and costs1,281 393 Total, at amortized cost, net of deferred fees and costs$621,651 $336,305 Allowance for credit losses$(30,233)4.9 %$(12,574)3.7 %At Fair ValueCurrent$251,616 68.1 %$385,172 81.9 %Past Due 31-89 Days and accruing41,558 11.2 %36,455 7.8 %Past Due 90-119 Days and accruing9,268 2.5 %— — %Past Due 120 and more Days and accruing— — %— — %Nonaccrual loans67,304 18.2 %48,174 10.3 %Total$369,746 100.0 %$469,801 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$118,130 31.9 %$84,629 18.0 %Nonperforming Assets, as a percentage of total assetsLoans HFI, at amortized cost$24,341 1.2 %$5,373 0.4 %Loans HFI, at fair value67,304 3.2 %48,