Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 110

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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.70Less: Allowance for credit losses on loans(38,693)(16,176)Noninterest earning assets294,783 210,229 Total assets$2,131,477 $1,551,009 Interest-bearing liabilities:Demand$188,148 $308 0.66 %$31,123 $62 0.80 %Savings and NOW427,542 3,879 3.64 252,793 3,199 5.09 Money Market48,777 584 4.80 24,649 259 4.23 Time398,890 4,586 4.61 260,795 3,345 5.16 Total deposits1,063,357 9,357 3.53 569,360 6,865 4.85 Borrowings694,505 13,238 7.65 656,113 13,362 8.19 Total interest-bearing liabilities1,757,862 22,595 5.16 1,225,473 20,227 6.64 Noninterest-bearing deposits— 254 Noninterest-bearing liabilities66,359 66,956 Shareholders’ equity307,256 258,326 Total liabilities and shareholders' equity$2,131,477 $1,551,009 Net interest income and interest rate spread$13,923 2.65 %$9,126 2.06 %Net interest margin2.98 %2.70 %Ratio of average interest-earning assets to average interest bearing liabilities106.69 %110.73 %

84

Rate/Volume Analysis

The following table sets forth the effects of changing rates and volumes on net interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The total column represents the sum of the prior columns. For purposes of this table, increases or decreases attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

Three Months Ended June 30,2025 vs. 2024Increase (Decrease) Due toRateVolumeTotalInterest income:Other interest-earning assets$(45)$789 $744 Investment securities