TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS |
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| 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 December 31, 2024 and 2023:
1 Included within Accounts payable, accrued expenses, and other liabilities 2 Included within Other assets Transactions with joint ventures and other non-control investments Refer to NOTE 4—INVESTMENTS for a schedule of transactions with our joint ventures and other non-control equity investments. The following table summarizes the income earned from our joint ventures for the years ended December 31, 2024, 2023 and 2022:
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 December 31, 2024 and 2023:
Other Transactions with Related Parties The nephew of the Chief Executive Officer of the Company is employed by one of the Company’s consolidated subsidiaries and earned annual compensation in excess of $125 thousand during 2024, 2023 and 2022. The sister of a Director and the Chief Admin Officer is employed by one of the Company’s consolidated subsidiaries and earned annual compensation in excess of $125 thousand during 2024 and 2023.
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