Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 152

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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Construction and land development14,646 29,369 34,015 65.1 %22,775 44,986 67,761 65.1 %Hotel14,644 6,480 21,124 66.2 %— 13,817 13,817 66.2 %Other17,521 — 17,521 61.5 %13,158 — 13,158 61.5 %Total NOO CRE$230,626 $35,849 $266,475 57.9 %$191,831 $58,803 $250,634 57.9 %Unfunded CommitmentsConstruction and land development1$— $48,225 $48,225 $— $48,402 $48,402 Hotel— 331 331 — 13 13 Total unfunded commitments— 48,556 48,556 — 48,415 48,415 Total CRE Loans$230,626 $84,405 $315,031 $191,831 $107,218 $299,049 

1 Construction and land development includes SBA 504 first and second lien loans. The LTV on first lien is generally 65%. Second liens are typically taken out by the SBA following project completion and occupancy by the borrower. The LTV calculated is based on total exposure.

Goodwill and Intangibles

The table below presents detail of the Company’s Goodwill and intangibles:

March 31, 2025December 31, 2024GoodwillIntangible AssetsTotalGoodwillIntangible AssetsTotalBanking segment$271 $626 $897 $271 $667 $938 Payments segment13,814 — 13,814 13,814 — 13,814 Total$14,085 $626 $14,711 $14,085 $667 $14,752 

The change in goodwill and intangible assets for the Payments segment and NBNYC Acquisition relates to amortization of intangible assets during the three months ended March 31, 2025. 

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A sensitivity analysis of the loan servicing assets at fair value to adverse changes in significant assumptions as of March 31, 2025 and December 31, 2024 is as follows:

March 31