Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 170

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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,386 Money Market(48)576 528 Time(176)3,604 3,428 Borrowings(318)1,721 1,403 Total interest expense(1,631)9,795 8,164 Net interest income$(5,914)$15,738 $9,824 

 Noninterest Income

Six months ended June 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$2,286 $754 $1,532 203.2 %Net loss on loan servicing assets(8,007)(3,597)(4,410)122.6 Servicing income11,579 9,964 1,615 16.2 Net gains on sales of loans28,487 42,856 (14,369)(33.5)Net gain on residuals in securitizations31,465 — 31,465 100.0 Net gain (loss) on loans under the fair value option6,316 (96)6,412 (6679.2)Technology and IT support income— 10,944 (10,944)(100.0)Electronic payment processing income22,348 23,632 (1,284)(5.4)Other noninterest income14,199 16,930 (2,731)(16.1)  Total noninterest income$108,673 $101,387 $7,286 7.2 %

Dividend Income

For the six months ended June 30, 2025 and 2024, dividend income was dependent on the earnings of our joint ventures.

77

Net Loss on Loan Servicing Assets

The Company accounts for servicing assets in accordance with ASC Topic 860-50 - Transfers and Servicing - Servicing Assets and Liabilities. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells, from the SBA 7(a) loan securitizations sponsored by NSBF, and from servicing the ALP portfolios in securitizations sponsored by NCL JV, TSO JV and Newtek ALP Holdings. Servicing assets for loans originated by the Company’s nonbank subsidiaries are measured at FV at each reporting date and the Company reports changes in the FV of servicing assets in earnings in the period in which the changes occur. The valuation model