New Peoples Bankshares Inc (NWPP) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60,94692,35050,14728,17332,70535,44826,338
Cash and cash equivalents60,94692,35050,14728,17332,70535,44826,338
Receivables15,9003892    
Total current assets:76,84692,73950,14928,17332,70535,44826,338
Noncurrent Assets
Property, plant and equipment20,73522,17422,24224,19526,11529,98528,148
Deferred income tax assets1,6733,126 
Total noncurrent assets:22,40825,30022,24224,19526,11529,98528,148
Other undisclosed assets695,393638,263633,982629,774607,880568,902571,412
TOTAL ASSETS:794,647756,302706,373682,142666,700634,335625,898
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  11(6)38 107
Employee-related liabilities  11(6)38  
Interest and dividends payable      107
Debt 5,000 5,630   
Total current liabilities: 5,000115,62438 107
Noncurrent Liabilities
Other undisclosed liabilities731,016693,125651,760625,268615,689587,418579,704
Total liabilities:731,016698,125651,771630,892615,727587,418579,811
Stockholders' equity
Stockholders' equity attributable to parent, including:63,63158,17754,60251,25050,97346,91746,087
Common stock47,84447,84447,84447,84447,84446,70946,708
Additional paid in capital14,57014,57014,57014,57014,57013,96513,965
Accumulated other comprehensive income (loss)(814)74257(1,236)(594)(456)(327)
Retained earnings (accumulated deficit)2,031(4,979)(7,869)(9,928)(10,847)(14,065)(15,023)
Other undisclosed stockholders' equity attributable to parent     764764
Total stockholders' equity:63,63158,17754,60251,25050,97346,91746,087
TOTAL LIABILITIES AND EQUITY:794,647756,302706,373682,142666,700634,335625,898

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues29,56429,70430,23027,51631,59929,68529,918
Net investment income28,53528,98829,56726,91324,49722,86623,896
Financial services revenue7,1026,8196,022
Cost of revenue(372)(2,300)(2,050)(252)(450)  
Provision for loan, lease, and other losses(372)(2,300)(2,050)(252)
Financial services costs(450)  
Gross profit:29,19227,40428,18027,26431,14929,68529,918
Operating expenses(7,907)(9,082)(9,136)(10,557)(20,855)(20,135)(18,244)
Operating income:21,28518,32219,04416,70710,2949,55011,674
Nonoperating income1,3771,0481,3881,5591,6111,6492,105
Investment income, nonoperating1,3771,0481,3881,5591,4961,4801,759
Bank owned life insurance income    115169346
Interest and debt expense(2,701)(4,893)(5,979)(4,265)(3,213)(2,620)(3,054)
Other undisclosed loss from continuing operations before equity method investments, income taxes(11,009)(10,484)(11,872)(12,933)(5,454)(7,630)(8,044)
Income from continuing operations before income taxes:8,9523,9932,5811,0683,2389492,681
Income tax expense (benefit)(1,942)(1,103)(522)(149)(144)9(19)
Net income available to common stockholders, diluted:7,0102,8902,0599193,0949582,662

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:7,0102,8902,0599193,0949582,662
Other comprehensive income (loss)(1,556)6851,293(642)(40)(129)(258)
Comprehensive income, net of tax, attributable to parent:5,4543,5753,3522773,0548292,404

Statements sources

The financial statements are based on the company's filings with the 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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