Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 223

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 223
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50 %Average cumulative default rate21.00 %21.00 %21.00 %21.00 %21.00 %21.00 %Servicing assets at LCM:24,410 24,195 Discount factor112.00 %12.00 %12.00 %12.97 %12.00 %13.50 %Cumulative prepayment rate22.50 %22.50 %22.50 %34.65 %22.50 %75.00 %Average cumulative default rate21.00 %21.00 %21.00 %18.90 %5.00 %20.00 %Total$44,625 $46,257 1 Determined based on risk spreads and observable secondary market transactions.

Refer to NOTE 8—FAIR VALUE MEASUREMENTS for a rollforward of servicing assets, at fair value. The following tables show a rollforward of servicing assets, at LCM for the three months ended March 31, 2025 and 2024: Servicing Assets, at LCMMarch 31, 2025December 31, 2024$24,195 Amortization1(1,805)Additions22,020 Impairment assessment— March 31, 2025$24,410 1 Included within Net loss on loan servicing assets in the Consolidated Statements of Income 2 Included within Net gains on sales of loans in the Consolidated Statements of Income

F-30

Servicing Assets, at LCMMarch 31, 2024December 31, 2023$10,389 Amortization1(589)Additions23,771 Impairment assessment— March 31, 2024$13,571 1 Included within Net loss on loan servicing assets in the Consolidated Statements of Income  2 Included within Net gains on sales of loans in the Consolidated Statements of Income

Servicing fee income earned for the three months ended March 31, 2025 and 2024 was as follows:Three Months Ended March 31, 202520252024Servicing fee income$5,525$5,357

F-31

NOTE 7—GOODWILL AND INTANGIBLE ASSETS:GoodwillThe following table summarizes the carrying amount of goodwill:March 31, 2025December 31