Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 137

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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0 %$42,426 5.0 %Common Equity Tier 1 (to Risk-Weighted Assets)112,836 15.5 %32,742 4.5 %47,294 6.5 %Tier 1 Capital (to Risk-Weighted Assets)112,836 15.5 %43,656 6.0 %58,208 8.0 %Total Capital (to Risk-Weighted Assets)122,144 16.8 %58,207 8.0 %72,759 10.0 %

1 Exclusive of the capital conservation buffer of 2.5% of risk-weighted assets.

99

Cash Flows and Liquidity

The following table summarizes the Company’s available sources of liquidity as of September 30, 2025 and December 31, 2024:

Availability as of September 30, 2025December 31, 2024Unrestricted cash$3,980$6,941Lines of credit at other commercial banks158,25660,903Newtek Bank:Interest bearing deposits in banks188,214346,207FHLB borrowing availability161,00439,780Lines of credit at other financial institutions30,00030,000Total liquidity sources$341,454$483,831

1    Availability as of September 30, 2025 and December 31, 2024 is based on collateral pledged as of that date.

The Company has restricted cash of $24.7 million as of September 30, 2025. NSBF holds $7.6 million of the Company’s restricted cash, which includes reserves in the event payments are insufficient to cover interest and/or principal with respect to securitizations and loan principal and interest collected which are due to loan participants. In addition, the Company has funded a $10.0 million account at Newtek Bank to fund certain of NSBF’s potential obligations to the SBA pursuant to the Wind-down Agreement. of which the Company is a guarantor. The majority of the Company’s remaining restricted cash is held by the parent company.

The Company generated and used cash as follows:

Nine Months Ended September 30,20252024Net cash used in operating activities$(427,836)$(61,419)Net cash used in investing activities(193,876)(122,833)Net cash provided by financing activities457,269 192,132 Net (decrease)