Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 161

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 161
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 by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The total column represents the sum of the prior columns. For purposes of this table, increases or decreases attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

Three Months Ended March 31,2025 vs. 2024Increase (Decrease) Due toRateVolumeTotalInterest income:Interest-earning balances in other banks$(578)$2,087 $1,509 Investment securities(3)(184)(187)Loans held for sale(2,050)10,984 8,934 Loans held for investment(2,673)3,237 564 Total interest income(5,304)16,124 10,820 Interest expense:Demand215 159 374 Savings and NOW(782)1,897 1,115 Money Market(37)232 195 Time(232)2,817 2,585 Borrowings24 1,503 1,527 Total interest expense(812)6,608 5,796 Net interest income$(4,492)$9,516 $5,024 

 Noninterest Income

Three months ended March 31,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$1,686 $386 $1,300 336.8 %Net loss on loan servicing assets(3,652)(1,735)(1,917)110.5 Servicing income5,525 5,357 168 3.1 Net gains on sales of loans12,961 20,292 (7,331)(36.1)Net gain on loans under the fair value option18,077 2,798 15,279 546.1 Technology and IT support income— 5,770 (5,770)(100.0)Electronic payment processing income10,609 10,987 (378)(3.4)Other noninterest income7,192 5,512 1,680 30.5   Total noninterest income$52,398 $49,367 $3,031 6.1 %

Dividend Income

For the three months ended March 31, 2025 and 2024,