| Sep'14 | Dec'13 | |||||
|---|---|---|---|---|---|---|
ASSETS | ||||||
Cash and cash equivalents | ||||||
4,402 | 12,508 | |||||
Restricted cash | ||||||
15,465 | 16,877 | |||||
Broker receivable | ||||||
10,727 | 13,606 | |||||
SBA loans held for investment, net (includes $9,117 and $10,894, respectively, related to securitization trust VIE; net of allowance for loan losses of $1,029 and $1,811, respectively) | ||||||
8,944 | 10,689 | |||||
SBA loans held for investment, at fair value (includes $76,336 and $74,387, respectively, related to securitization trust VIE) | ||||||
102,828 | 78,951 | |||||
Accounts receivable (net of allowance of $1,307 and $871, respectively) | ||||||
10,776 | 11,602 | |||||
SBA loans held for sale, at fair value | ||||||
3,426 | 4,734 | |||||
Prepaid expenses and other assets, net (includes $1,872 and $2,187, respectively, related to securitization trust VIE) | ||||||
14,417 | 18,549 | |||||
Servicing asset (net of accumulated amortization and allowances of $9,049 and $7,909, respectively) | ||||||
8,295 | 6,776 | |||||
Fixed assets (net of accumulated depreciation and amortization of $11,896 and $10,547, respectively) | ||||||
3,437 | 3,741 | |||||
Intangible assets (net of accumulated amortization of $2,317 and $2,243, respectively) | ||||||
1,330 | 1,240 | |||||
Credits in lieu of cash | ||||||
2,560 | 3,641 | |||||
Goodwill | ||||||
12,092 | 12,092 | |||||
Deferred tax asset, net | ||||||
4,487 | 3,606 | |||||
Total assets | ||||||
203,186 | 198,612 | |||||
LIABILITIES AND EQUITY | ||||||
Liabilities: | ||||||
Accounts payable, accrued expenses and other liabilities | ||||||
17,670 | 14,688 | |||||
Notes payable | ||||||
45,590 | 41,218 | |||||
Note payable - securitization trust VIE | ||||||
52,319 | 60,140 | |||||
Capital lease obligation | ||||||
467 | 642 | |||||
Deferred revenue | ||||||
1,347 | 1,274 | |||||
Notes payable in credits in lieu of cash | ||||||
2,560 | 3,641 | |||||
Total liabilities | ||||||
119,953 | 121,603 | |||||
Commitments and contingencies | ||||||
0 | 0 | |||||
Equity: | ||||||
Newtek Business Services, Inc. shareholders' equity: | ||||||
Preferred shares (par value $0.02 per share; authorized 1,000 shares, no shares issued and outstanding) | ||||||
0 | 0 | |||||
Common shares (par value $0.02 per share; authorized 54,000 shares, 7,551 and 7,383 issued, respectively; 7,489 and 7,077 outstanding, respectively, not including 17 shares held in escrow) | ||||||
151 | 148 | |||||
Additional paid-in capital | ||||||
61,988 | 61,939 | |||||
Retained earnings | ||||||
19,967 | 14,536 | |||||
Treasury shares, at cost (62 and 306 shares, respectively) | ||||||
410 | 1,279 | |||||
Total Newtek Business Services, Inc. shareholders' equity | ||||||
81,696 | 75,344 | |||||
Non-controlling interests | ||||||
1,537 | 1,665 | |||||
Total equity | ||||||
83,233 | 77,009 | |||||
Total liabilities and equity | ||||||
203,186 | 198,612 | |||||