Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 215

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 215
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 Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. The ability of the borrower to service the debt is extremely weak, overdue status is constant, the debt has been placed on non-accrual status, and no definite repayment schedule exists. Once the loss position is determined, the amount is charged off.Loss (8 Rated): Loss rated loans are considered uncollectible and of such little value that their continuance as assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this credit even though partial recovery may be affected in the future.The following tables present asset quality indicators by portfolio class and origination year at March 31, 2025 and December 31, 2024: March 31, 2025Term Loans HFI by Origination Year20252024202320222021PriorTotalSBA, at fair valueRisk Grades 1-4$— $— $22,039 $105,150 $36,534 $111,344 $275,067 Risk Grades 5-6— — 3,836 18,700 6,147 42,864 71,547 Risk Grade 7— — — — — — — Risk Grade 8— — — 142 — 38 180 Total$— $— $25,875 $123,992 $42,681 $154,246 $346,794 SBA, at amortized cost, net of deferred fees and costsRisk Grades 1-4$53,784 $215,080 $102,342 $— $— $— $371,206 Risk Grades 5-6— 17,798 29,468 — — — 47,266 Risk Grade 7— 2,200 7,187 — — — 9,387 Risk Grade 8— 294 343 — — — 637 Total$53,784 $235,372 $139,340 $— $— $— $428,496 CRE, at amortized cost, net of deferred fees and costsRisk Grades