TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS

NOTE 6—TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS:

Due to/from affiliated companies

The following table summarizes the amounts due to and due from affiliated companies as of March 31, 2024 and December 31, 2023:

	March 31, 2024		December 31, 2023
Due to affiliated companies1	$	172	$	158
Due from affiliated companies2	53		7
Total due to/due from affiliated companies	$	119	$	151

1 Included within Other Assets

2 Included within Accounts payable, accrued expenses, and other Liabilities

Transactions with joint ventures and non-control investments

Refer to NOTE 4—INVESTMENTS for a schedule of transactions with our joint ventures and non-control equity investments.

The following table summarizes the income earned from our joint ventures for the periods ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
Servicing income	$	348	$	252

Newtek Bank Deposits

In the normal course of business, Newtek Bank holds FDIC insured deposits from certain of the Company’s officers, directors and their associated companies. The following table summarizes the amounts due of deposits from related parties and their affiliated companies as of March 31, 2024 and December 31, 2023:

	March 31, 2024		December 31, 2023
FDIC insured deposits	$	4,316	$	4,388
Non-FDIC insured deposits	1,178		1,167
Total deposits from related parties and their affiliated companies	$	5,494	$	5,555