Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 248

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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,731 $36,295 $11,784 $19,586 $2,120 $21,706 $7,019 CRE18,151 — 18,151 — 2,635 — 2,635 — C&I688 577 1,265 809 — — — — Total$47,403 $8,308 $55,711 $12,593 $22,221 $2,120 $24,341 $7,019 Accrued interest on loans totaled $16.6 million and $15.5 million as of June 30, 2025 and December 31, 2024, respectively, and is excluded from the estimate of credit losses. The Company writes off accrued interest receivable by reversing interest income and typically occurs upon loans becoming 90 to 120 days past due.

Loan Modifications Made to Borrowers Experiencing Financial DifficultyDuring the three months ended June 30, 2025, the Company executed one loan modification involving a borrower experiencing financial difficulty, with an amortized cost basis of $0.25 million. The modification resulted in an other-than-insignificant delay in payments; however, the Company expects to receive all contractual principal and interest. The terms of the modification did not include principal forgiveness, term extension, or interest rate reductions.No other loan modifications to borrowers experiencing financial difficulty were executed during the three and six months ended June 30, 2025 and 2024.

Loans held for sale, at fair valueJune 30, 2025December 31, 2024SBA 504 First Lien$143,658 $128,255 SBA 504 Second Lien29,344 26,678 SBA 7(a)184,480 4,855 SBA 7(a) Partials119,106 — ALP138,021 212,498 Loans held for sale, at fair value$514,609 $372,286 1    Reclassified from Loans held for sale, at LCM

F-35

The following tables summarize the aging of accrual and non-accrual loans HFS, at fair value by class:As of June 30, 2025Past Due and AccruingNon- accrualTotal Past Due and Non-accrualCurrentTotal Accounted for