Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 27

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 27
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 consisting of $11.9 million in non-interest bearing deposits and $954.4 million in interest bearing deposits, a $7.0 million decrease from the balance as of December 31, 2024. As of March 31, 2025 and December 31, 2024, insured deposits represent 79.1% and 80.3%, respectively. 

61

Borrowings

Borrowings OutstandingMarch 31, 2025December 31, 2024ChangeBank Borrowings1:NMS Webster Note$41,709 $32,688 $9,021 SPV I Capital One Facility17,472 21,192 (3,720)SPV II Deutsche Bank Facility127,495 54,036 73,459 SPV III One Florida Bank Facility29,574 23,011 6,563 FHLB Advances211,857 15,330 (3,473)Total Lines of Credit228,107 146,257 81,850 Parent Company Notes1:2025 Notes (5.00%)3— 29,913 (29,913)2026 Notes (5.50%)114,461 114,282 179 2027 Notes (8.125%)449,951 49,944 7 2028 Notes (8.00%)38,812 38,726 86 2029 Notes (8.50%)69,750 69,622 128 2029 Notes (8.625%)72,784 72,662 122 2030 Notes (8.375%)29,299 — 29,299 Total Parent Company Notes375,057 375,149 (92)Notes Payable - Securitization Trusts1170,827 186,635 (15,808)Total$773,991 $708,041 $65,950 

1     Net of deferred financing costs.

2     At March 31, 2025 and December 31, 2024, the carrying amount of Newtek Bank’s FHLB borrowings includes a $0.03 million and $0.04 million purchase accounting adjustment, respectively.

3    On March 31, 2025, the 2025 5.00% Notes matured.

4    Effective December 11, 2024, the Company entered into the Agreements with