Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 300

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 300
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5, were $1.8 billion, an increase of $50.4 million, or 2.9%, compared to total liabilities of $1.8 billion at December 31, 2024. 

Deposits

Total deposits were $1.1 billion at June 30, 2025, consisting of $41.0 million in non-interest bearing deposits and $1.0 billion in interest bearing deposits, a $110.2 million increase from the balance as of December 31, 2024. As of June 30, 2025 and December 31, 2024, insured deposits represent 78.3% and 80.3%, respectively, of deposits. 

71

Borrowings

Borrowings OutstandingJune 30, 2025December 31, 2024ChangeBank Borrowings1:NMS Webster Note$40,730 $32,688 $8,042 SPV I Capital One Facility7,491 21,192 (13,701)SPV II Deutsche Bank Facility37,701 54,036 (16,335)SPV III One Florida Bank Facility30,000 23,011 6,989 FHLB Advances28,370 15,330 (6,960)Total Lines of Credit124,292 146,257 (21,965)Parent Company Notes1:2025 Notes (5.00%)3— 29,913 (29,913)2026 Notes (5.50%)114,641 114,282 359 2027 Notes (8.125%)449,952 49,944 8 2028 Notes (8.00%)38,900 38,726 174 2029 Notes (8.50%)69,878 69,622 256 2029 Notes (8.625%)72,906 72,662 244 2030 Notes (8.375%)29,319 — 29,319 Total Parent Company Notes375,596 375,149 447 Notes Payable - Securitization Trusts1157,439 186,635 (29,196)Total$657,327 $708,041 $(50,714)

1     Net of deferred financing costs.

2     At June 30, 2025 and December 31, 2024, the carrying amount of Newtek Bank’s F