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NWPP on OTC

NEW PEOPLES BANKSHARES INC

NEW PEOPLES BANKSHARES INC is an American state commercial bank based in Mora, listed on OTC (NWPP).2

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Last updated Oct 21, 2026.

Overview

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  • TickerNWPP on OTC2
  • IndustryState Commercial Banks2
  • HeadquartersMora, United States2
  • Incorporated inVA3
  • Business address67 Commerce Drive, Honaker, Va 242603
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formBusiness Corporation2
  • LEI549300OKH0G142NMXW952
  • StatusInactive2
  • LEI statusRetired2
  • Registered address45 N Union Str, 55051 Mora, United States2
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 2Q-1922

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July 2004, NPB Capital Trust I was formed by New Peoples to issue $11.3 million in trust preferred securities.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

278.9%Net margin6
-5.7%Revenue growth, 20256
12.2%Return on equity6
$11.5MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax23¢$3.0M
  • Profit77¢$10.1M

Out of $3.6M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending7¢$815.0K
  • Share buybacks2¢$212.0K
  • Kept or used elsewhere92¢$11.3M

Out of $12.3M of cash from operations.6

Financial statements

Revenue78910116$3.6M in 2025+0% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $3.6M$3.6M20192020: $3.2M$3.2M2020−11%2021: $3.7M$3.7M2021+16%2022: $4.0M$4.0M2022+7%2023: $3.9M$3.9M2023−2%2024: $3.8M$3.8M2024−1%2025: $3.6M$3.6M2025−6%
Net income78910116$10.1M in 2025+390% since 2019
0$5.0M$10.0M$15.0M2019: $2.1M$2.1M20192020: $2.9M$2.9M2020+40%2021: $7.0M$7.0M2021+143%2022: $8.1M$8.1M2022+15%2023: $7.2M$7.2M2023−11%2024: $8.2M$8.2M2024+14%2025: $10.1M$10.1M2025+23%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Loans, including fees$42.8M$38.2M
Federal funds sold$12.0K$6.0K
Interest-bearing deposits with banks$2.8M$3.9M
Investments$2.8M$2.4M
Dividends on equity securities (restricted)$167.0K$173.0K
Total interest and dividend income$48.6M$44.6M
Deposits$14.3M$14.1M
Borrowed funds$1.2M$2.0M
Total interest expense$15.4M$16.1M
NET INTEREST INCOME$33.2M$28.5M
PROVISION FOR CREDIT LOSSES$806.0K$625.0K
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$32.4M$27.9M
Service charges and fees$3.6M$3.8M
Card processing and interchange income$3.9M$3.7M
Insurance and investment fees$1.4M$1.3M
Other noninterest income$972.0K$2.4M
Total noninterest income$9.9M$11.3M
Salaries and employee benefits$15.1M$14.5M
Occupancy and equipment expenses$3.6M$3.6M
Data processing and telecommunications$2.6M$2.5M
Other operating expenses$7.8M$8.2M
Total noninterest expense$29.1M$28.8M
INCOME BEFORE INCOME TAXES$13.1M$10.4M
INCOME TAX EXPENSE$3.0M$2.1M
NET INCOME$10.1M$8.2M
Income Per Share Basic$0.43$0.35
Income Per Share Diluted$0.43$0.35
Average Weighted Shares of Common Stock - Basic23.6M shares23.7M shares
Average Weighted Shares of Common Stock - Diluted23.6M shares23.7M shares

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Corporate structure

NEW PEOPLES BANKSHARES INC sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • NEW PEOPLES BANKSHARES INC Mora, Minnesota, United States
    • State of Subsidiary · Virginia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What NEW PEOPLES BANKSHARES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$29.8M6 Dec 31, 2025$30.4M6 Dec 31, 2024−1.8%
Property and equipment, net$16.4M6 Dec 31, 2025$17.1M6 Dec 31, 2024−3.9%
Operating-lease assets (leased space)$3.0M6 Dec 31, 2025$3.4M6 Dec 31, 2024−12.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$77.2M6 Dec 31, 2025$67.7M6 Dec 31, 2024+14.1%
Debt securities available for sale$96.4M6 Dec 31, 2025$96.0M11 Dec 31, 2024+0.5%
Deposits held (banks)$798.3M6 Dec 31, 2025$750.0M6 Dec 31, 2024+6.4%

Properties, in its own words

As of December 31, 2025, New Peoples's net investment in premises and equipment was $16.4 million. The following table describes our properties by type, ownership or lessee, and location.

Property Type · Owned/Leased · Location Name · Street Address · City · State

The rest of Item 2

Branch · Owned · Honaker Headquarters · 53 Commerce Drive · Honaker · VA

Branch · Owned · Kingsport Branch · 2600 N. John B. Dennis Highway · Kingsport · TN

Branch · Owned · Bluefield Branch · 514 Commerce Drive · Bluefield · VA

Branch · Owned · Clintwood Branch · 198 Colley Shopping Center · Clintwood · VA

Branch · Owned · Grundy Branch · 20487 Riverside Drive · Grundy · VA

Branch · Owned · Haysi Branch · 111 Haysi Main · Haysi · VA

Branch · Owned · Lebanon Branch · 1421 East Main Street · Lebanon · VA

Branch · Owned · Pounding Mill Branch · 12602 Governor G.C. Peery Highway · Pounding Mill · VA

Branch · Owned · Tazewell Branch · 127 Chamber Drive · Tazewell · VA

Branch · Owned · Wise / Norton Area Branch · 5448 Wise Norton Road · Norton · VA

Branch · Owned · Princeton – Stafford Dr Branch · 1221 Stafford Drive · Princeton · WV

Branch · Owned · Princeton – Oakvale Rd Branch · 207 Oakvale Road · Princeton · WV

Branch · Owned · Bristol State Street · 901 W. State Street · Bristol · VA

Branch · Leased · Boone Branch · 230-A Wilson Drive · Boone · NC

Branch · Leased · Abingdon Branch · 350 West Main Street · Abingdon · VA

Branch · Leased · Castlewood Branch · 87 Miners Drive · Castlewood · VA

Branch · Leased · Gate City Branch · 663 East Jackson Street · Gate City · VA

Administrative Office · Leased · Linden Square Office · 101 Linden Square Drive · Bristol · VA

Loan Production Office · Leased · Wytheville LPO · 165 W. Main St · Wytheville · VA

Operations Center · Owned · Honaker Operations Center · 67 Commerce Drive · Honaker · VA

ATM · Owned · Big Stone Gap · 419 Shawnee Ave East · Big Stone Gap · VA

We continue to assess our branch network as we look to improve the efficiency of our branch operations while seeking to increase market share.

We believe that all of our properties are maintained in good operating condition and are suitable and adequate for our operational needs.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led NEW PEOPLES BANKSHARES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jonathan Mullins2009–2014
  2. Christopher Todd Asbury2017–2022

President

  1. Jonathan Mullins2009–2014
  2. Christopher Todd Asbury2017–2022

Chief financial officer

  1. Christopher Todd Asbury2013
  2. Joseph Darrell Pennington2015
  3. John J. Boczar2018–2020
  4. Christopher G. Speaks2021

Chief operating officer

  1. Frank Sexton Jr.2007–2014
2010201520202025
Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • State of Virginia4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 31, 20268-K Results of operations43
  2. May 26, 20268-K Shareholder vote; Other events44
  3. Apr 27, 20268-K Results of operations45
  4. Mar 17, 20268-K Other events46
  5. Feb 24, 20268-K Other events47
  6. Jan 30, 20268-K Results of operations48
  7. Jan 16, 20268-K Executive or director change49
  8. Oct 28, 20258-K Results of operations50
  9. Jul 31, 20258-K Results of operations51
  10. Jul 31, 20258-K Executive or director change52
  11. Jul 1, 20258-K Executive or director change53
  12. May 21, 20258-K Shareholder vote; Other events54
  13. Dec 21, 2017New chief executive Christopher Todd Asbury becomes CEO14
  14. Jun 2, 2009New chief executive Jonathan Mullins becomes CEO15

Calendar

Coming up

  1. Around Nov 3, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Jul 31, 2026Reported quarterly or annual results43
  2. Apr 27, 2026Reported quarterly or annual results45
  3. Jan 30, 2026Reported quarterly or annual results48
  4. Oct 28, 2025Reported quarterly or annual results50
  5. Jul 31, 2025Reported quarterly or annual results51
  6. Apr 25, 2025Reported quarterly or annual results55
  7. Jan 31, 2025Reported quarterly or annual results56
  8. Oct 30, 2024Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

178 filings to the SEC since October 2021: 5 annual reports, 20 quarterly reports, 45 major events, 94 insider forms, 14 other. The latest 20:

  1. Sep 22, 20264 EDGAR
  2. Sep 18, 20264 EDGAR
  3. Aug 12, 202610-Q EDGAR
  4. Aug 10, 20264 EDGAR
  5. Aug 7, 20264 EDGAR
  6. Jul 31, 20268-K EDGAR
  7. Jun 16, 20264 EDGAR
  8. Jun 16, 20263 EDGAR
  9. Jun 16, 20264 EDGAR
  10. Jun 8, 20264 EDGAR
  11. Jun 3, 20263 EDGAR
  12. Jun 3, 20263 EDGAR
  13. May 26, 20268-K EDGAR
  14. May 13, 202610-Q EDGAR
  15. May 1, 20264 EDGAR
  16. Apr 27, 20268-K EDGAR
  17. Apr 6, 2026ARS EDGAR
  18. Apr 6, 2026DEFA14A EDGAR
  19. Apr 6, 2026DEF 14A EDGAR
  20. Mar 31, 202610-K EDGAR

The 178 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

104 open-market trades by officers, directors and large owners since October 2021: 103 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026White Blaine ScottDirectorBuy500$4.86$2.4KForm 4
Sep 17, 2026COX JOHN DDirectorBuy12,000$4.90$58.8KForm 4
Sep 15, 2026White Blaine ScottDirectorBuy5,000$4.85$24.2KForm 4
Aug 7, 2026White Blaine Scott IIDirectorBuy4,433$4.40$19.5KForm 4
Aug 5, 2026White Blaine ScottDirectorBuy1,716$4.35$7.5KForm 4
Jun 15, 2026KEENE HAROLD LDirectorBuy16,514$4.39$72.5KForm 4
Jun 12, 2026KEENE HAROLD LDirectorBuy5,000$4.40$22.0KForm 4
Jun 12, 2026KEENE HAROLD LDirectorSale1,500$4.30$6.5KForm 4
Jun 4, 2026White Blaine ScottDirectorBuy5,000$4.34$21.7KForm 4
Apr 30, 2026COX JOHN DDirectorBuy8,570$3.88$33.3KForm 4
Mar 3, 2026COX JOHN DDirectorBuy4,234$4.16$17.6KForm 4
Mar 3, 2026White Blaine ScottDirectorBuy4,233$4.16$17.6KForm 4
Feb 13, 2026White Blaine ScottDirectorBuy11,725$3.84$45.0KForm 4
Feb 13, 2026COX JOHN DDirectorBuy11,724$3.84$45.0KForm 4
Dec 11, 2025KEENE HAROLD LDirectorBuy57,060$3.65$208.3KForm 4
Dec 10, 2025White Blaine ScottDirectorBuy101,500$3.65$370.5KForm 4
Nov 26, 2025COX JOHN DDirectorBuy3,095$3.20$9.9KForm 4
Nov 25, 2025KEENE HAROLD LDirectorBuy4,528$3.40$15.4KForm 4
Nov 21, 2025KEENE HAROLD LDirectorBuy472$3.40$1.6KForm 4
Nov 6, 2025KEENE HAROLD LDirectorBuy5,000$3.40$17.0KForm 4

All 104 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James W. Kiser$320.0K$567.3K58
2025Christopher G. Speaks$232.3K$387.0K58
2025Bryan T. Booher$226.6K$371.2K58
2024President and Chief$305.0K$473.2K58
2024Executive VicePresident and$223.7K$318.5K58

SEC filer profile

How NEW PEOPLES BANKSHARES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNEW PEOPLES BANKSHARES INC1
  • CIK0001163389
  • Employer ID (EIN)31-18045435
  • Filer statusNon-accelerated filer5
  • Incorporated inVirginia5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address67 Commerce Drive, Honaker, VA 242601
  • Mailing addressPo Box 1810, Honaker, VA 242601
  • Phone27687370001
  • Shares outstanding23,539,302 as of Aug 12, 202613
  • Public float$26.8M as of Jun 30, 20255
  • AuditorYount, Hyde & Barbour, P.C., Roanoke, Virginia PCAOB ID 1495
  • On EDGAR sinceDec 17, 20011
  • Filings657 in all: 4 (279), 8-K (134), 10-Q (73), DEF 14A (25), 10-K (24), 3 (17), 4/A (14), SC 13D/A (14)1
    All 33 form types

    10-Q/A (8), UPLOAD (8), NT 10-Q (7), 5 (6), S-1/A (6), ARS (5), DEFA14A (5), CORRESP (4), NT 10-K (4), 10-K/A (3), SC 13G/A (3), 424B3 (2), 5/A (2), S-1 (2), SC 13D (2), 10KSB (1), 10QSB (1), 8-K/A (1), 8-K12G3 (1), EFFECT (1), FWP (1), NT 10-K/A (1), PRE 14A (1), S-8 (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 6, 2026
    Latest 8-K (8-K) Jul 31, 2026

Risk factors and legal proceedings

Legal proceedings

In the normal course of operations we may become a party to legal proceedings, as discussed in Note 22 Legal Contingencies to the consolidated financial statements contained in Item 8 of this Form 10-K, which information is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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