Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 92

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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ien$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)

1    Reclassified to Loans HFS, at fair value

Loans held for investment

At Fair value: Loans HFI, at fair value were $305.7 million at September 30, 2025 compared to $369.7 million at December 31, 2024. The balance consists primarily of SBA 7(a) loans as well as $5.8 million of loans that the Company owns 100% as a result of originating the loan and subsequently repurchasing the guaranteed portion from the SBA. As previously discussed, NSBF ceased originating loans during 2023, resulting in the decrease in the balance of loans held for investment from December 31, 2024 to September 30, 2025, primarily due to the principal payments of existing loans held by NSBF.

At Amortized Cost: Loans HFI, at amortized cost consist of loans originated at or purchased by Newtek Bank. The $212.4 million increase in loans HFI, at amortized cost is the result of an increase in originations for the nine months ended September 30, 2025 over 2024.