Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 243

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 243
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 the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. The ability of the borrower to service the debt is extremely weak, overdue status is constant, the debt has been placed on non-accrual status, and no definite repayment schedule exists. Once the loss position is determined, the amount is charged off.Loss (8 Rated): Loss rated loans are considered uncollectible and of such little value that their continuance as assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this credit even though partial recovery may be affected in the future.The following tables present asset quality indicators by portfolio class and origination year at June 30, 2025 and December 31, 2024: June 30, 2025Term Loans HFI by Origination Year20252024202320222021PriorTotalSBA, at fair valueRisk Grades 1-4$— $— $21,135 $96,073 $33,388 $102,123 $252,719 Risk Grades 5-6— — 3,416 19,888 7,314 42,575 73,193 Risk Grade 7— — — — — — — Risk Grade 8— — 22 141 — 38 201 Total$— $— $24,573 $116,102 $40,702 $144,736 $326,113 SBA, at amortized cost, net of deferred fees and costsRisk Grades 1-4$104,390 $202,686 $92,141 $— $— $— $399,217 Risk Grades 5-6317 23,828 32,482 — — — 56,627 Risk Grade 740 5,846 7,314 — — — 13,200 Risk Grade 8— 429 795 — — — 1,224 Total$104,747 $232,789 $132,732 $— $— $— $470,268 CRE, at amortized cost, net of deferred fees and costsRisk Grades 1-4$61,