2023 Q2 Form 10-Q Financial Statement

#000158798723000111 Filed on May 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $50.47M $42.96M $30.04M
YoY Change 29.03% 20.52% -22.13%
Cost Of Revenue $4.838M $4.504M
YoY Change
Gross Profit $45.64M $38.45M
YoY Change
Gross Profit Margin 90.41% 89.52%
Selling, General & Admin $31.04M $30.02M $19.52M
YoY Change 104.57% 104.95% 13.5%
% of Gross Profit 68.03% 78.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $832.0K $873.0K $58.00K
YoY Change 1286.67% 1264.06% -14.71%
% of Gross Profit 1.82% 2.27%
Operating Expenses $35.34M $34.69M $19.58M
YoY Change 131.98% 135.86% 13.39%
Operating Profit $10.29M $3.761M
YoY Change
Interest Expense -$15.51M $14.13M -$6.394M
YoY Change 43.17% -236.67% 333.79%
% of Operating Profit -150.65% 375.75%
Other Income/Expense, Net $14.56M $15.72M -$6.289M
YoY Change 1543.34% -1766.91% -893.06%
Pretax Income $9.346M $6.855M -$2.222M
YoY Change -30.87% -28.98% -111.09%
Income Tax $2.524M -$4.863M
% Of Pretax Income 27.01% -70.94%
Net Earnings $6.453M $11.72M -$2.222M
YoY Change -52.27% 21.4% -111.09%
Net Earnings / Revenue 12.78% 27.28% -7.4%
Basic Earnings Per Share $0.26 $0.46
Diluted Earnings Per Share $0.26 $0.46 -$0.09
COMMON SHARES
Basic Shares Outstanding 24.61M shares 24.61M shares
Diluted Shares Outstanding 25.59M shares 25.24M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.6M $230.0M $53.69M
YoY Change 4452.05% 4584.36% 2139.97%
Cash & Equivalents $140.9M $197.1M $125.6M
Short-Term Investments $32.91M $32.91M $0.00
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $309.5M $166.0M $55.03M
YoY Change 269.59% 527.58% 7.21%
LONG-TERM ASSETS
Property, Plant & Equipment $7.002M $7.492M $6.484M
YoY Change 4.59% 6.95% -11.3%
Goodwill $21.13M $21.19M $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments $616.0M $592.1M $525.8M
YoY Change 25.94% 15.43% 5.5%
Other Assets $71.36M $80.82M $71.91M
YoY Change -41.44% -49.02% -61.01%
Total Long-Term Assets $1.130B $1.084B $943.9M
YoY Change 19.85% 10.27% -6.1%
TOTAL ASSETS
Total Short-Term Assets $309.5M $166.0M $55.03M
Total Long-Term Assets $1.130B $1.084B $943.9M
Total Assets $1.439B $1.250B $998.9M
YoY Change 40.22% 23.82% -5.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.50M $45.26M $20.21M
YoY Change 170.44% 280.31% 84.85%
Accrued Expenses $8.552M $9.144M $7.973M
YoY Change 2.75% 5.15% -11.96%
Deferred Revenue
YoY Change
Short-Term Debt $447.4M $363.5M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $521.0M $446.1M $65.02M
YoY Change 385.99% 221.77% -61.23%
LONG-TERM LIABILITIES
Long-Term Debt $697.4M $581.5M $539.3M
YoY Change 36.27% 26.81% 14.25%
Other Long-Term Liabilities $624.0K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $697.4M $582.1M $539.3M
YoY Change 36.27% 26.95% 14.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $521.0M $446.1M $65.02M
Total Long-Term Liabilities $697.4M $582.1M $539.3M
Total Liabilities $1.218B $1.032B $623.5M
YoY Change 92.78% 68.9% -4.46%
SHAREHOLDERS EQUITY
Retained Earnings $9.075M $7.047M $20.62M
YoY Change
Common Stock $491.0K $491.0K $492.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $221.2M $218.5M $375.4M
YoY Change
Total Liabilities & Shareholders Equity $1.439B $1.250B $998.9M
YoY Change 40.22% 23.82% -5.46%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $6.453M $11.72M -$2.222M
YoY Change -52.27% 21.4% -111.09%
Depreciation, Depletion And Amortization $832.0K $873.0K $58.00K
YoY Change 1286.67% 1264.06% -14.71%
Cash From Operating Activities -$88.49M -$116.4M $65.18M
YoY Change 23.49% -1896.22% -704.76%
INVESTING ACTIVITIES
Capital Expenditures -$36.00K $165.0K $0.00
YoY Change 227.27%
Acquisitions -$11.25M
YoY Change
Other Investing Activities -$48.68M -$23.73M
YoY Change
Cash From Investing Activities -$48.65M -$23.90M $0.00
YoY Change 442154.55%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 198.9M $186.9M -21.70M
YoY Change 480.93% -725.41% 296.8%
NET CHANGE
Cash From Operating Activities -88.49M -$116.4M 65.18M
Cash From Investing Activities -48.65M -$23.90M 0.000
Cash From Financing Activities 198.9M $186.9M -21.70M
Net Change In Cash 61.78M $46.64M 43.47M
YoY Change -265.06% -299.27% -367.6%
FREE CASH FLOW
Cash From Operating Activities -$88.49M -$116.4M $65.18M
Capital Expenditures -$36.00K $165.0K $0.00
Free Cash Flow -$88.46M -$116.5M $65.18M
YoY Change 23.46% -1898.77% -704.76%

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9652000 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11718000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
9652000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-113000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-113000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-31000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-82000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11636000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9652000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
375358000 usd
CY2023Q1 newt Conversion From Business Development Company To Bank Change In Presentation
ConversionFromBusinessDevelopmentCompanyToBankChangeInPresentation
0 usd
CY2023Q1 newt Conversion From Business Development Company To Bank Removal Of Fair Value Adjustments
ConversionFromBusinessDevelopmentCompanyToBankRemovalOfFairValueAdjustments
138043000 usd
CY2023Q1 newt Conversion From Business Development Company To Bank Reassessment Of Deferred Tax Assets And Liabilities
ConversionFromBusinessDevelopmentCompanyToBankReassessmentOfDeferredTaxAssetsAndLiabilities
19266000 usd
CY2023Q1 newt Conversion From Business Development Company To Bank Consolidation Of Investments
ConversionFromBusinessDevelopmentCompanyToBankConsolidationOfInvestments
-227000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
72000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
738000 usd
CY2023Q1 us-gaap Dividends
Dividends
0 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
429000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20000000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
507000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
4363000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
12.27
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
249000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11718000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-82000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
218038000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
403887000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
225000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
781000 usd
CY2022Q1 us-gaap Dividends
Dividends
0 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
480000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
7000 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.65
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
15585000 usd
CY2022Q1 us-gaap Net Investment Income
NetInvestmentIncome
973000 usd
CY2022Q1 us-gaap-supplement Realized Gain Loss Investment And Derivative Operating After Tax
RealizedGainLossInvestmentAndDerivativeOperatingAfterTax
15740000 usd
CY2022Q1 us-gaap-supplement Unrealized Gain Loss Investment And Derivative Operating After Tax
UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax
-7061000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
398480000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11718000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
9652000 usd
CY2023Q1 newt Unrealized Gain Loss On Sales Of Loans Net Fair Value Option
UnrealizedGainLossOnSalesOfLoansNetFairValueOption
5905000 usd
CY2022Q1 newt Unrealized Gain Loss On Sales Of Loans Net Fair Value Option
UnrealizedGainLossOnSalesOfLoansNetFairValueOption
-2718000 usd
CY2023Q1 newt Unrealized Gain Loss On Servicing Assets
UnrealizedGainLossOnServicingAssets
919000 usd
CY2022Q1 newt Unrealized Gain Loss On Servicing Assets
UnrealizedGainLossOnServicingAssets
-1559000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-495000 usd
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
183000 usd
CY2023Q1 newt Gain Loss On Loans Held For Sale Fair Value Option
GainLossOnLoansHeldForSaleFairValueOption
6526000 usd
CY2022Q1 newt Gain Loss On Loans Held For Sale Fair Value Option
GainLossOnLoansHeldForSaleFairValueOption
12889000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1249000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
553000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1318000 usd
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4863000 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
943000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
873000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
63000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
121575000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
99646000 usd
CY2023Q1 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
5797000 usd
CY2022Q1 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
0 usd
CY2023Q1 newt Payments For Funding Of Investment Operating Activity
PaymentsForFundingOfInvestmentOperatingActivity
156742000 usd
CY2022Q1 newt Payments For Funding Of Investment Operating Activity
PaymentsForFundingOfInvestmentOperatingActivity
124019000 usd
CY2023Q1 newt Proceeds From Principal Received On Investments
ProceedsFromPrincipalReceivedOnInvestments
1347000 usd
CY2022Q1 newt Proceeds From Principal Received On Investments
ProceedsFromPrincipalReceivedOnInvestments
19754000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 usd
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9741000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-739000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-863000 usd
CY2023Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
41427000 usd
CY2022Q1 us-gaap Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
-27812000 usd
CY2023Q1 newt Increase Decrease In Capitalized Servicing Asset
IncreaseDecreaseInCapitalizedServicingAsset
2164000 usd
CY2022Q1 newt Increase Decrease In Capitalized Servicing Asset
IncreaseDecreaseInCapitalizedServicingAsset
2406000 usd
CY2023Q1 newt Increase Decrease In Due From Due To Related Parties
IncreaseDecreaseInDueFromDueToRelatedParties
37000 usd
CY2022Q1 newt Increase Decrease In Due From Due To Related Parties
IncreaseDecreaseInDueFromDueToRelatedParties
-1325000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6655000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2189000 usd
CY2023Q1 newt Increase Decrease In Due To Participants
IncreaseDecreaseInDueToParticipants
-7447000 usd
CY2022Q1 newt Increase Decrease In Due To Participants
IncreaseDecreaseInDueToParticipants
-28766000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20603000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
910000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-39000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-116359000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6478000 usd
CY2023Q1 newt Payments To Acquire Loans Held For Investment At Fair Value
PaymentsToAcquireLoansHeldForInvestmentAtFairValue
7595000 usd
CY2022Q1 newt Payments To Acquire Loans Held For Investment At Fair Value
PaymentsToAcquireLoansHeldForInvestmentAtFairValue
0 usd
CY2023Q1 newt Proceeds From Loans Held For Investment At Cost
ProceedsFromLoansHeldForInvestmentAtCost
269000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
165000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2023Q1 us-gaap Increase Decrease In Loans To Federal Home Loan Banks
IncreaseDecreaseInLoansToFederalHomeLoanBanks
-242000 usd
CY2022Q1 us-gaap Increase Decrease In Loans To Federal Home Loan Banks
IncreaseDecreaseInLoansToFederalHomeLoanBanks
0 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
27901000 usd
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-11252000 usd
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23898000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
47274000 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
0 usd
CY2023Q1 newt Increase Decrease In Deposit Liabilities
IncreaseDecreaseInDepositLiabilities
105933000 usd
CY2022Q1 newt Increase Decrease In Deposit Liabilities
IncreaseDecreaseInDepositLiabilities
0 usd
CY2023Q1 newt Repayment Of Federal Home Loan Bank Advances
RepaymentOfFederalHomeLoanBankAdvances
3699000 usd
CY2022Q1 newt Repayment Of Federal Home Loan Bank Advances
RepaymentOfFederalHomeLoanBankAdvances
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
19493000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-11450000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
31015000 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
17144000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
15360000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1087000 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
450000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
480000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
186899000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29884000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
46642000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23406000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125606000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186860000 usd
CY2023Q1 newt Consolidation Of Cash From Investments
ConsolidationOfCashFromInvestments
24896000 usd
CY2022Q1 newt Consolidation Of Cash From Investments
ConsolidationOfCashFromInvestments
0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
197144000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163454000 usd
CY2023Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
694000 usd
CY2022Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
105245000 usd
CY2023Q1 newt Dividends Incurred But Not Yet Paid
DividendsIncurredButNotYetPaid
4363000 usd
CY2022Q1 newt Dividends Incurred But Not Yet Paid
DividendsIncurredButNotYetPaid
2541000 usd
CY2023Q1 us-gaap Stock Issued1
StockIssued1
72000 usd
CY2022Q1 us-gaap Stock Issued1
StockIssued1
225000 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates in the Preparation of Financial Statements</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expense during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are complete. Actual results could differ from those estimates.</span></div>
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Allowance for Credit Losses – Loans</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Accounting Standards Update (“ASU”) 2016-13, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (“CECL”) approach requires an estimate of the credit losses expected over the life of a loan (or pool of loans). It replaces the incurred loss approach’s threshold that required the recognition of a credit loss when it was probable a loss event was incurred. The allowance for credit losses is a valuation account that is deducted from, or added to, the loans’ amortized cost basis to present the net, lifetime amount expected to be collected on the loans. Loan losses are charged off against the allowance when management believes a loan balance is confirmed to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Company historical loss experience was supplemented with peer information when there was insufficient loss data for the Company. Peer selection was based on a review of institutions with comparable loss experience as well as loan yield, bank size, portfolio concentration and geography. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as changes in environmental conditions, such as changes in unemployment rates, production metrics, property values, or other relevant factors. Significant management judgment is required at each point in the measurement process.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral which is generally based upon federal call report segmentation and have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled. These portfolio segments are as follows:</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Commercial Real Estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The commercial real estate portfolio is comprised of loans to borrowers on small offices, owner-occupied commercial buildings, industrial/warehouse properties, income producing/investor real estate properties, and multi-family loans secured by first mortgages. The Company’s underwriting standards generally target a loan-to-value ratio of 75%, depending on the type of collateral, and requires debt service coverage of a minimum of 1.2 times.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Commercial &amp; Industrial: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The commercial &amp; industrial portfolio consists of loans made for general business purposes consisting of short-term working capital loans, equipment loans, and unsecured business lines. This includes 32 loans as of March 31, 2023.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:107%">SBA 7(a): </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">The SBA 7(a) portfolio includes loans originated under the federal Section 7(a) loan program. The SBA is an independent government agency that facilitates one of the nation’s largest sources of SMB financing by providing credit guarantees for its loan programs. SBA 7(a) loans are partially guaranteed by the SBA, with SBA guarantees typically ranging between 50% and 90% of the principal and interest due. Under the SBA’s 7(a) lending program, a bank or other lender may underwrite loans between $5,000 and $5.0 million for a variety of general business purposes based on the SBA’s loan program requirements.</span></div>
CY2023Q1 newt Financing Receivable Loan To Value Ratio
FinancingReceivableLoanToValueRatio
0.75
CY2023Q1 newt Debt Instrument Service Coverage Ratio Minimum
DebtInstrumentServiceCoverageRatioMinimum
1.2
CY2021Q4 us-gaap Cash
Cash
2397000 usd
CY2023Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
49300000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
72600000 usd
CY2023Q1 us-gaap Cash
Cash
27349000 usd
CY2022Q1 us-gaap Cash
Cash
4911000 usd
CY2022Q4 us-gaap Cash
Cash
53692000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
72599000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
158543000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
71914000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
184463000 usd
CY2023Q1 us-gaap Due From Banks
DueFromBanks
97196000 usd
CY2022Q1 us-gaap Due From Banks
DueFromBanks
0 usd
CY2022Q4 us-gaap Due From Banks
DueFromBanks
0 usd
CY2021Q4 us-gaap Due From Banks
DueFromBanks
0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
197144000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163454000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125606000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186860000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3520000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
19190000 usd
CY2023Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8230000 usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div>
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2500000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P3Y
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
156169000 usd
CY2023Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
24674000 usd
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
26382000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
283599000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
33017000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
85000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
198000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
32905000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4048000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
198000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
4 loan
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
4048000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
198000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1246000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1245000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
31771000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
31660000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
33017000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
32905000 usd
CY2023Q1 newt Pledged Financial Instruments Not Separately Reported Debt Securities Available For Sale
PledgedFinancialInstrumentsNotSeparatelyReportedDebtSecuritiesAvailableForSale
32905000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3000000 shares
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Amortized Cost Industry Loans
FinancingReceivableBeforeAllowanceForCreditLossAmortizedCostIndustryLoans
554236000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Fair Value Industry Loans
FinancingReceivableBeforeAllowanceForCreditLossFairValueIndustryLoans
532788000 usd
CY2022Q4 newt Financing Receivable Before Allowance For Credit Loss Amortized Cost Industry Loans
FinancingReceivableBeforeAllowanceForCreditLossAmortizedCostIndustryLoans
532793000 usd
CY2022Q4 newt Financing Receivable Before Allowance For Credit Loss Fair Value Industry Loans
FinancingReceivableBeforeAllowanceForCreditLossFairValueIndustryLoans
505268000 usd
CY2023Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
166828000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
0 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Deferred Loan Fees
FinancingReceivableBeforeAllowanceForCreditLossDeferredLoanFees
-127000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Deferred Loan Fees
FinancingReceivableBeforeAllowanceForCreditLossDeferredLoanFees
-127000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2189000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2189000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Amortized Cost And Fair Value2
FinancingReceivableBeforeAllowanceForCreditLossAmortizedCostAndFairValue2
164638000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Fair Value Disclosure
FinancingReceivableBeforeAllowanceForCreditLossFairValueDisclosure
532788000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Amortized Cost And Fair Value3
FinancingReceivableBeforeAllowanceForCreditLossAmortizedCostAndFairValue3
697426000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
0 usd
CY2022Q4 newt Financing Receivable Before Allowance For Credit Loss Fair Value Disclosure
FinancingReceivableBeforeAllowanceForCreditLossFairValueDisclosure
505268000 usd
CY2023Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
4600000 usd
CY2023Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
43140000 usd
CY2023Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
208677000 usd
CY2023Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
85958000 usd
CY2023Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
34977000 usd
CY2023Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
89396000 usd
CY2023Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
237469000 usd
CY2023Q1 newt Financing Receivable Before Allowance For Credit Loss Amortized Cost And Fair Value
FinancingReceivableBeforeAllowanceForCreditLossAmortizedCostAndFairValue
699616000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 usd
CY2022Q4 newt Financing Receivable Allowance For Credit Loss Adjusted Opening Balance
FinancingReceivableAllowanceForCreditLossAdjustedOpeningBalance
871000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1318000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2189000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
16587000 usd
CY2023Q1 us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
2315000 usd
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
18900000 usd
CY2023Q1 newt Interest And Other Income Operating
InterestAndOtherIncomeOperating
0 usd
CY2023Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
484000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
6435000 usd
CY2023Q1 us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-313000 usd
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
6122000 usd
CY2023Q1 newt Interest And Other Income Operating
InterestAndOtherIncomeOperating
0 usd
CY2023Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
0 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1000000 usd
CY2023Q1 us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
0 usd
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
1000000 usd
CY2023Q1 newt Interest And Other Income Operating
InterestAndOtherIncomeOperating
0 usd
CY2023Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
20000 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
360000 usd
CY2023Q1 us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
0 usd
CY2023Q1 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
0 usd
CY2023Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
360000 usd
CY2023Q1 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
19910000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 usd
CY2023Q1 newt Interest And Other Income Operating
InterestAndOtherIncomeOperating
0 usd
CY2023Q1 us-gaap Dividend Income Operating
DividendIncomeOperating
0 usd
CY2023Q1 us-gaap Due From Related Parties
DueFromRelatedParties
100000 usd
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
1300000 usd
CY2023Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1200000 usd
CY2023Q1 newt Loan Purchased
LoanPurchased
-5300000 usd
CY2023Q1 us-gaap Servicing Asset
ServicingAsset
33351000 usd
CY2022Q4 us-gaap Servicing Asset
ServicingAsset
30268000 usd
CY2023Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1279000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2023Q1 us-gaap Goodwill
Goodwill
21189000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18425000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-11514000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6912000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
400000 usd
CY2022Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1207000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
982000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
948000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
928000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
907000 usd
CY2023Q1 newt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1940000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6912000 usd
CY2023Q1 us-gaap Other Real Estate
OtherRealEstate
3516000 usd
CY2023Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
33351000 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
754581000 usd
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
624000 usd
CY2022Q4 us-gaap Other Real Estate
OtherRealEstate
3529000 usd
CY2022Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
30268000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
841835000 usd
CY2023Q1 us-gaap Cash
Cash
27349000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
72599000 usd
CY2023Q1 us-gaap Due From Banks
DueFromBanks
97196000 usd
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
164639000 usd
CY2023Q1 newt Financing Receivable Fair Value Disclosure
FinancingReceivableFairValueDisclosure
166433000 usd
CY2023Q1 us-gaap Deposits
Deposits
247574000 usd
CY2023Q1 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
247574000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
697395000 usd
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
697395000 usd
CY2022Q4 us-gaap Cash
Cash
53692000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
71914000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
539326000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
539326000 usd
CY2023Q1 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
104922000 usd
CY2023Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
22878000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
784000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
25770000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
16700000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Time Deposits
InterestBearingDomesticDepositTimeDeposits
181442000 usd
CY2023Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
224696000 usd
CY2023Q1 us-gaap Deposits
Deposits
247574000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
106763000 usd
CY2023Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
13357000 usd
CY2023Q1 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
0 usd
CY2023Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
19431000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
18034000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
22737000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
16206000 usd
CY2023Q1 newt Time Deposit Maturities After Year Four
TimeDepositMaturitiesAfterYearFour
112000 usd
CY2023Q1 us-gaap Time Deposits
TimeDeposits
181442000 usd
CY2023Q1 newt Debt Instrument Maximum Borrowing Capacity Amount Outstanding
DebtInstrumentMaximumBorrowingCapacityAmountOutstanding
924780000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
697395000 usd
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0669
CY2022Q4 newt Debt Instrument Maximum Borrowing Capacity Amount Outstanding
DebtInstrumentMaximumBorrowingCapacityAmountOutstanding
666393000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
539326000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0611
CY2023Q1 us-gaap Federal Home Loan Bank Advances Valuation Adjustments Under Fair Value Option
FederalHomeLoanBankAdvancesValuationAdjustmentsUnderFairValueOption
200000 usd
CY2023Q1 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
24760000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2163000 usd
CY2023Q1 newt Employment Agreement To Be Paid Year One
EmploymentAgreementToBePaidYearOne
2131000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
4294000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2820000 usd
CY2023Q1 newt Employment Agreement To Be Paid Year Two
EmploymentAgreementToBePaidYearTwo
363000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
3183000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2585000 usd
CY2023Q1 newt Employment Agreement To Be Paid Year Three
EmploymentAgreementToBePaidYearThree
0 usd
CY2023Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
2585000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2035000 usd
CY2023Q1 newt Employment Agreement To Be Paid Year Four
EmploymentAgreementToBePaidYearFour
0 usd
CY2023Q1 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
2035000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
479000 usd
CY2023Q1 newt Employment Agreement To Be Paid Year Five
EmploymentAgreementToBePaidYearFive
0 usd
CY2023Q1 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
479000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q1 newt Employment Agreement To Be Paid After Year Five
EmploymentAgreementToBePaidAfterYearFive
0 usd
CY2023Q1 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10082000 usd
CY2023Q1 newt Employment Agreement To Be Paid
EmploymentAgreementToBePaid
2494000 usd
CY2023Q1 us-gaap Contractual Obligation
ContractualObligation
12576000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
800000 usd
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
630000 shares
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11718000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
9652000 usd
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
249000 usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11469000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9652000 usd
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
4363000 usd
CY2023Q1 us-gaap Undistributed Earnings
UndistributedEarnings
7106000 usd
CY2023Q1 newt Earnings Per Share Distributed Common Stock
EarningsPerShareDistributedCommonStock
4363000 usd
CY2023Q1 newt Earnings Per Share Distributed Preferred Stock
EarningsPerShareDistributedPreferredStock
249000 usd
CY2023Q1 newt Earnings Per Share Allocation Of Undistributed Net Income Common Stock
EarningsPerShareAllocationOfUndistributedNetIncomeCommonStock
6937000 usd
CY2023Q1 newt Earnings Per Share Allocation Of Undistributed Net Income Common Stock Percentage
EarningsPerShareAllocationOfUndistributedNetIncomeCommonStockPercentage
0.976
CY2023Q1 newt Earnings Per Share Allocation Of Undistributed Net Income Preferred Stock
EarningsPerShareAllocationOfUndistributedNetIncomePreferredStock
169000 usd
CY2023Q1 newt Earnings Per Share Allocation Of Undistributed Net Income Preferred Stock Percentage
EarningsPerShareAllocationOfUndistributedNetIncomePreferredStockPercentage
0.024
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24609000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24156000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
628000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25237000 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2023Q1 us-gaap Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
47540 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
21.03468
CY2023Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2023Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P10Y
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2585000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2035000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
709000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
461000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M17D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M28D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0564
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0476
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
949000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
239000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2163000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2820000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
479000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10082000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
938000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9144000 usd
CY2022Q1 us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.65
CY2022Q1 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
15361000 usd
CY2022Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
9000 shares
CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
225000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.7141
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q1 us-gaap Interest Income Operating
InterestIncomeOperating
18715000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
14132000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4583000 usd
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1318000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
42787000 usd
CY2023Q1 us-gaap Noninterest Expense
NoninterestExpense
39197000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4863000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11718000 usd
CY2023Q1 us-gaap Assets
Assets
1249739000 usd

Files In Submission

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