v3.26.1
TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Investments in and advances to affiliates
Investments related to our joint ventures and other investments as of June 30, 2026 and December 31, 2025 were as follows:
June 30, 2026December 31, 2025
CompanyCostFair ValueCostFair Value
Joint Ventures
TSO JV
25,520 36,500 25,520 37,250 
Other Investments
EMCAP Loan Holdings, LLC$306 $306 $306 $306 
Biller Genie Software, LLC— — 398 1,983 
Intelligent Protection Management Corp.
IPM Earnout— — — 1,300 
IPM Stock1
10,468 6,960 10,468 6,880 
Total Other Investments$10,774 $7,266 $11,172 $10,469 
Total
$36,294 $43,766 $36,692 $47,719 
1    Four million shares of IPM Preferred Stock with net gains/(losses) calculated based on a closing price of $1.74 and $1.72 on June 30, 2026 and December 31, 2025, respectively.
The following table summarizes the amounts due to and due from affiliated companies as of June 30, 2026 and December 31, 2025:

June 30, 2026December 31, 2025
Due from affiliated companies1
80 100 
Due to affiliated companies2
— — 
Total due to/due from affiliated companies, net$80 $100 
1    Included within Other assets
2    Included within Accounts payable, accrued expenses, and other liabilities
The following table summarizes the income earned from our joint ventures and other investments for the three and six months ended June 30, 2026 and 2025:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Servicing income$250 $441 $546 $935 
Dividend income450 600 900 2,286 
Total income$700 $1,041 $1,446 $3,221 
Expenses— 2,563 — 3,892 
Net income/(expense)$700 $(1,522)$1,446 $(671)
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 June 30, 2026 and December 31, 2025:

June 30, 2026December 31, 2025
FDIC insured deposits$3,720 $4,054 
Non-FDIC insured deposits338 322 
Total deposits from related parties and their affiliated companies$4,058 $4,376