v3.25.1
TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Investments in and advances to affiliates Transactions related to our joint ventures and other non-controlled investments for the years ended December 31, 2024 and 2023 were as follows:
CompanyFair Value at December 31, 2023Purchases (Cost)Return of Investment
Net Gains/(Losses)
Fair Value at December 31, 2024Dividend Income
Joint Ventures
Newtek Conventional Lending, LLC$19,400 $— $— $(600)$18,800 $1,503 
Newtek TSO II Conventional Credit Partners, LP21,459 25,642 (20,185)11,184 38,100 — 
Total Joint Ventures$40,859 $25,642 $(20,185)$10,584 $56,900 $1,503 
Other Non-Control Investments
EMCAP Loan Holdings, LLC$368 $— $(116)$68 $320 $16 
Biller Genie Software, LLC360 38 — 60 458 — 
Total Other Non-Control Investments$728 $38 $(116)$128 $778 $16 
Total Joint Ventures and Other Non-Control Investments$41,587 $25,680 $(20,301)$10,712 $57,678 $1,519 
CompanyFair Value at December 31, 2022Purchases (Cost)Return of Investment
Net Gains/(Losses)
Fair Value at December 31, 2023Dividend Income
Joint Ventures
Newtek Conventional Lending, LLC$16,587 $248 $— $2,565 $19,400 $1,641 
Newtek TSO II Conventional Credit Partners, LP6,435 14,302 — 722 21,459 — 
Total Joint Ventures$23,022 $14,550 $— $3,287 $40,859 $1,641 
Other Non-Control Investments
EMCAP Loan Holdings, LLC$1,000 $— $(564)$(68)$368 $116 
Biller Genie Software, LLC360 — — — 360 — 
Total Other Non-Control Investments$1,360 $— $(564)$(68)$728 $116 
Total Joint Ventures and Other Non-Control Investments$24,382 $14,550 $(564)$3,219 $41,587 $1,757 
The following table summarizes the amounts due to and due from affiliated companies as of December 31, 2024 and 2023:

December 31, 2024December 31, 2023
Due to affiliated companies1
$242 $158 
Due from affiliated companies2
— 7 
Total due to/due from affiliated companies
$242 $151 
1 Included within Accounts payable, accrued expenses, and other liabilities
2 Included within Other assets
The following table summarizes the income earned from our joint ventures for the years ended December 31, 2024, 2023 and 2022:
Year Ended December 31,
202420232022
Servicing income
$1,997 $1,240 $840 
Dividend income
1,503 1,641 339 
Total income
$3,500 $2,881 $1,179 
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:

December 31, 2024December 31, 2023
FDIC insured deposits
$4,732 $4,388 
Non-FDIC insured deposits
1,098 1,167 
Total deposits from related parties and their affiliated companies
$5,830 $5,555