Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 250

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 $31 thousand and $338 thousand of Provision for credit losses relating to unfunded commitments for the nine months ended September 30, 2025 and September 30, 2024, respectively, which is recorded within Accounts payable, accrued expenses and other liabilities in accordance with ASC 326.

The following table details activity in the ACL for the three months ended September 30, 2025 and 2024:September 30, 2025September 30, 2024CREC&ISBATotalCREC&ISBATotalBeginning balance$2,045 $1,540 $39,040 $42,625 $1,358 $215 $19,525 $21,098 Charge offs(122)(8)(5,062)(5,192)— — (1,763)(1,763)Recoveries— — 18 18 — — — — Provision for credit losses1(92)1,576 6,231 7,715 (88)(187)6,985 6,710 Total $1,831 $3,108 $40,227 $45,166 $1,270 $28 $24,747 $26,045 1    Excludes $3 thousand and $218 thousand of Provision for credit losses relating to unfunded commitments for the three months ended September 30, 2025 and 2024, respectively, which is recorded within Accounts payable, accrued expenses and other liabilities in accordance with ASC 326.

The Company identified 383 and 145 loans as of September 30, 2025 and December 31, 2024, respectively, that did not share similar risk characteristics with the loan segments identified in NOTE 2—SIGNIFICANT ACCOUNTING POLICIES and evaluated them for impairment individually. The following table presents the individually evaluated and collectively evaluated ACL by segment:September 30, 2025December 31, 2024ACLCREC&ISBATotalCREC&ISBATotalIndividually Evaluated$— $1,536 $12,788 $14,324 $— $— $7,019 $7,019 Collectively Evaluated1,831 1,572 27,439 30,842 1,430 315 21,469 23,214 Total$1,831 $3