Call reports 2023
NEWTEK BANK, NATIONAL ASSOCIATION — 2023
What NEWTEK BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 358,247,000 | 568,914,000 | 576,858,000 | 661,260,000 |
| Total loans | 212,020,000 | 260,331,000 | 330,165,000 | 415,346,000 |
| Allowance for loan losses | 2,189,000 | 4,764,000 | 8,209,000 | 12,547,000 |
| Securities available for sale | 32,905,000 | 32,907,000 | 33,138,000 | 32,171,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 247,574,000 | 447,357,000 | 444,298,000 | 519,090,000 |
| Interest-bearing deposits | 224,696,000 | 409,123,000 | 423,982,000 | 509,037,000 |
| Noninterest-bearing deposits | 22,878,000 | 38,234,000 | 20,316,000 | 10,053,000 |
| Equity capital | 79,051,000 | 85,139,000 | 91,964,000 | 103,158,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 4,604,000 | 12,482,000 | 22,561,000 | 34,730,000 |
| Interest expense | 1,682,000 | 5,896,000 | 11,265,000 | 16,626,000 |
| Net interest income | 2,922,000 | 6,586,000 | 11,296,000 | 18,104,000 |
| Noninterest income | 9,022,000 | 30,446,000 | 53,386,000 | 82,721,000 |
| Noninterest expense | 13,233,000 | 26,579,000 | 37,522,000 | 49,313,000 |
| Provision for loan losses | 1,318,000 | 3,893,000 | 7,338,000 | 11,676,000 |
| Pretax income | -2,607,000 | 6,560,000 | 19,822,000 | 39,809,000 |
| Income tax | -748,000 | 2,241,000 | 6,697,000 | 11,634,000 |
| Net income | -1,859,000 | 4,319,000 | 13,125,000 | 28,175,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 77,125,000 | 82,579,000 | 88,259,000 | 99,253,000 |
| Total capital | 79,314,000 | 86,236,000 | 92,973,000 | 105,105,000 |
| Risk-weighted assets | 233,598,000 | 291,378,000 | 373,621,000 | 461,931,000 |