Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 150

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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 investment from December 31, 2024 to March 31, 2025, primarily due to the principal payments of existing loans held by NSBF.

At Amortized Cost: Loans HFI, at amortized cost consist of loans originated at or purchased by Newtek Bank. The $89.5 million increase in loans HFI, at amortized cost is the result of an increase in originations for the three months ended March 31, 2025 over 2024.

Credit Quality: The following table presents an analysis of loans HFI with credit metrics, including a breakdown by days aged:

Credit Quality RatiosMarch 31, 2025December 31, 2024$%$%At Amortized CostCurrent$661,739 93.2 %$575,444 92.8 %Past Due 30-89 Days and accruing9,708 1.4 %20,585 3.3 %Nonaccrual loans38,125 5.4 %24,341 3.9 %Total, at amortized cost$709,572 100.0 %$620,370 100.0 %Deferred fees and costs1,594 1,281 Total, at amortized cost, net of deferred fees and costs$711,166 $621,651 Allowance for credit losses$(38,649)5.4 %$(30,233)4.9 %At Fair ValueCurrent$240,490 69.4 %$251,616 68.1 %Past Due 30-89 Days and accruing37,266 10.7 %41,558 11.2 %Past Due 90 and more Days and accruing— — %9,268 2.5 %Nonaccrual loans69,038 19.9 %67,304 18.2 %Total$346,794 100.0 %$369,746 100.0 %Past due and nonaccrual loans as % of Outstanding UPB$106,304 30.7 %$118,130 31.9 %Nonperforming Assets, as a percentage of total assetsLoans HFI, at amortized cost$38,125 1.8 %$24,341 1.2 %Loans HFI, at fair value69