Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 45

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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950 $4,003 $2,574 Expenses2,117 — 6,009 — Net income/(expense) $(1,335)$950 $(2,006)$2,574 

Newtek Bank DepositsIn the normal course of business, Newtek Bank holds FDIC insured deposits from certain of the Company’s officers, directors and their associated companies. The following table summarizes the amounts due of deposits from related parties and their affiliated companies as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024FDIC insured deposits$4,497 $4,732 Non-FDIC insured deposits291 1,098 Total deposits from related parties and their affiliated companies$4,788 $5,830 

F-38

NOTE 7—SERVICING ASSETS:Servicing assets held by NSBF are measured at fair value and the Company performs valuations on a quarterly basis. Servicing assets held by Newtek Bank, including Newtek Bank’s subsidiary SBL, are measured at lower of cost or market where the assets are initially recorded at fair value, then subsequently amortized, and assessed for impairment each reporting period. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells, for the unguaranteed portions of SBA 7(a) loans in the NSBF sponsored securitizations, and for the portfolios of ALP loans SBL services for the NCL JV (dissolved in September 2025), TSO JV sponsored securitization and Newtek ALP Holdings and its sponsored securitization. The following table summarizes the unpaid principle balance of loans serviced at September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024SBA 7(a)$1,770,719 $1,996,715 ALP 363,162 169,842 50448,385 12,475 Total loans serviced$2,182,266 $2,179,032 

The following table summarizes the fair value and valuation assumptions related to servicing assets at September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024WeightedRangeWeightedRangeUnobservable InputAmountAverageMinimum