Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 301

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 301
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,125)Loans held for investment, at fair value305,720 369,746 (64,026)Loans held for investment, at amortized cost, net of deferred fees and costs834,087 621,651 212,436 Allowance for credit losses(45,166)(30,233)(14,933)Loans held for investment, at amortized cost, net788,921 591,418 197,503 Total Loans$1,880,320 $1,392,253 $488,067 

Loans held for sale

Loans HFS, at fair value increased $384.7 million during the nine months ended September 30, 2025. The overall increase was primarily the result of holding guaranteed portions of SBA 7(a) loans for longer periods of time as well as new loan originations during 2025, in the amount of $310.6 million in SBA loans and an increase of $74.1 million for ALP loans.

September 30, 2025December 31, 2024ChangeSBA 504 First Lien$155,459 $128,255 $27,204 SBA 504 Second Lien31,009 26,678 4,331 SBA 7(a)265,521 4,855 260,666 SBA 7(a) Partials118,384 — 18,384 Total SBA loans470,373 159,788 310,585 ALP286,628 212,498 74,130 Loans HFS, at fair value$757,001 $372,286 $384,715 

1    Reclassified from Loans HFS, at LCM

Loans HFS, at LCM decreased $30.1 million during the same period. The overall decrease was primarily the result of loan sales that occurred in 2025.

70

September 30, 2025December 31, 2024ChangeSBA 504 First Lien$22,119 $36,783 $(14,664)SBA 504 Second Lien6,559 8,203 (1,644)SBA 7(a) Partials1— 13,817 (13,817)Loans HFS, at LCM$28,678 $58,803 $(30,125)