New Peoples Bankshares Inc (NWPP) Financial Statements (2024 and earlier)

Company Profile

Business Address 67 COMMERCE DRIVE
HONAKER, VA 24260
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61,68660,94692,35050,14728,17332,705
Cash and cash equivalents61,68660,94692,35050,14728,17332,705
Receivables  15,9003892  
Total current assets:61,68676,84692,73950,14928,17332,705
Noncurrent Assets
Property, plant and equipment19,29020,73522,17422,24224,19526,115
Deferred income tax assets4,6231,6733,126 
Total noncurrent assets:23,91322,40825,30022,24224,19526,115
Other undisclosed assets689,759695,393638,263633,982629,774607,880
TOTAL ASSETS:775,358794,647756,302706,373682,142666,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    11(6)38
Employee-related liabilities  11(6)38
Debt   5,000 5,630 
Total current liabilities:   5,000115,62438
Noncurrent Liabilities
Other undisclosed liabilities718,139731,016693,125651,760625,268615,689
Total liabilities:718,139731,016698,125651,771630,892615,727
Equity
Equity, attributable to parent57,21963,63158,17754,60251,25050,973
Common stock47,69747,84447,84447,84447,84447,844
Additional paid in capital14,54614,57014,57014,57014,57014,570
Accumulated other comprehensive income (loss)(13,941)(814)74257(1,236)(594)
Retained earnings (accumulated deficit)8,9172,031(4,979)(7,869)(9,928)(10,847)
Total equity:57,21963,63158,17754,60251,25050,973
TOTAL LIABILITIES AND EQUITY:775,358794,647756,302706,373682,142666,700

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,96929,56429,70430,23027,51631,599
Insurance commissions and fees9541,029716663603
Net investment income 28,53528,98829,56726,91324,497
Financial services revenue7,102
Cost of revenue(625)(372)(2,300)(2,050)(252)(450)
Provision for loan, lease, and other losses(625)(372)(2,300)(2,050)(252)
Financial services costs(450)
Gross profit:3,34429,19227,40428,18027,26431,149
Operating expenses(6,504)(7,907)(9,082)(9,136)(10,557)(20,855)
Operating income (loss):(3,160)21,28518,32219,04416,70710,294
Nonoperating income 1,3771,0481,3881,5591,611
Investment income, nonoperating 1,3771,0481,3881,5591,496
Interest and debt expense(3,105)(2,701)(4,893)(5,979)(4,265)(3,213)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (11,009)(10,484)(11,872)(12,933)(5,454)
Income (loss) from continuing operations before equity method investments, income taxes:(6,265)8,9523,9932,5811,0683,238
Other undisclosed income from continuing operations before income taxes16,646     
Income from continuing operations before income taxes:10,3818,9523,9932,5811,0683,238
Income tax expense(2,299)(1,942)(1,103)(522)(149)(144)
Income from continuing operations:8,0827,0102,8902,0599193,094
Income before gain (loss) on sale of properties:7,0102,8902,0599193,094
Net income available to common stockholders, diluted:8,0827,0102,8902,0599193,094

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:8,0827,0102,8902,0599193,094
Other comprehensive income (loss)(13,127)(1,556)6851,293(642)(40)
Comprehensive income (loss), net of tax, attributable to parent:(5,045)5,4543,5753,3522773,054

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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