Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 112

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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ization expense for intangible assets as of March 31, 2025 is as follows:Amortization Expense2025$115 2026135 2027114 202894 202973 Thereafter95 Total$626 

F-32

NOTE 8—FAIR VALUE MEASUREMENTS:

The following tables present fair value measurements of certain of the Company’s assets and liabilities measured at fair value and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair values as of March 31, 2025 and December 31, 2024: Fair Value Measurements at March 31, 2025TotalLevel 1Level 2Level 3Assets:Debt securities available-for-saleU.S. Treasury notes$14,127 $14,127 $— $— Loans held for sale, at fair value547,958 — — 547,958 Loans held for investment, at fair value346,794 — — 346,794 Other real estate owned, at fair value14,306 — — 4,306 Servicing assets, at fair value20,215 — — 20,215 Joint ventures and other non-control investments69,242 6,960 4— 62,282 Total assets measured at fair value$1,002,642 $21,087 $— $981,555 Liabilities:Equity warrants2$102 $— $— $102 Derivative instruments2,31,040 — 1,040 — Total liabilities measured at fair value$1,142 $— $1,040 $102 1    Included in Other assets on the Consolidated Statements of Financial Condition.2    Measured at fair value on a recurring basis with the net unrealized gains or losses recorded in current period earnings.3    Included in Accounts payable, accrued expenses, and other liabilities on the Consolidated Statements of Financial Condition.4    Four million shares of IPM Preferred Stock valued at the closing price per share of IPM common stock of $1.74 on March 31, 2025. Fair Value Measurements at December 31, 2024TotalLevel 1Level 2Level 3Assets:Debt securities available-for-saleU.S. Treasury notes$23,916 $23,916 $— $