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TRANSACTIONS WITH AFFILIATED COMPANIES AND RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2025
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 December 31, 2025 and 2024:

December 31, 2025December 31, 2024
Due from affiliated companies1
100 242 
Due to affiliated companies2
— — 
Total due to/due from affiliated companies, net$100 $242 
1    Included within Other assets
2     Included within Accounts payable, accrued expenses, and other liabilities
Transactions with joint ventures and other investments

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

The following table summarizes the income earned from our joint ventures and other investments for the years ended December 31, 2025, 2024 and 2023:

Year Ended December 31,
202520242023
Servicing income
$1,591 $1,997 $1,240 
Dividend income
3,211 1,503 1,641 
Total income$4,802 $3,500 $2,881 

There were no expenses related to our joint ventures and other investments for the years ended December 31, 2025, 2024 and 2023.
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, 2025 and December 31, 2024:

December 31, 2025December 31, 2024
FDIC insured deposits
$4,054 $4,732 
Non-FDIC insured deposits
322 1,098 
Total deposits from related parties and their affiliated companies
$4,376 $5,830 
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 2025, 2024 and 2023. The sister of the Chief Admin Officer and Chief Human Resources Officer is employed by one of the Company’s consolidated subsidiaries and earned annual compensation in excess of $125 thousand during 2025, 2024 and 2023.