New Peoples Bankshares Inc (OTC Pink: NWPP) is a community banking company that operates through its subsidiary bank, offering deposit accounts and a range of loan products to individuals and businesses in the Appalachian region of Virginia, West Virginia, North Carolina, and Tennessee. The bank earns money primarily through net interest income, the spread between interest earned on loans and interest paid on deposits. As of December 31, 2025, total loans stood at $709.6 million, up from $657.5 million at December 31, 2024, with real estate-secured loans comprising 87.5% of the loan portfolio. The company is headquartered in Honaker, Virginia, and operates branches across southwestern Virginia, southern West Virginia, northwestern North Carolina, and northeastern Tennessee. New Peoples paid a dividend of $0.08 per share in 2025 and declared $0.09 per share payable March 31, 2026. Common stock trades on the OTC Pink Open Market under the symbol NWPP, with approximately 3,695 shareholders of record as of March 19, 2026.

Revenue model

Net interest income from the spread between loan yields and deposit funding costs. Loan portfolio as of December 31, 2025 totaled $709.6 million, composed of commercial real estate (36.0% of loans), residential 1-4 family (35.6%), construction and land development (6.0%), multifamily (6.6%), farmland (3.3%), commercial non-real estate (7.5%), agriculture (0.6%), and consumer installment and other loans (4.4%).

Products and services

Commercial and industrial loans, commercial real estate loans, construction and land development loans, residential 1-4 family mortgage loans, multifamily loans, farmland loans, agricultural loans, consumer installment loans (including home improvement and debt consolidation loans), deposit accounts, and bank-owned life insurance (BOLI) investments.

Customers and end markets

Individual retail customers and small to mid-sized businesses in the Appalachian region. End markets include residential real estate, commercial real estate, agriculture, small business, and consumer household finance.

Value-chain role

Community depository institution. Takes deposits from local customers and deploys capital into loans secured primarily by real estate in its geographic footprint. Subject to Federal Reserve monetary policy, Virginia banking regulations, Community Reinvestment Act obligations, and federal cybersecurity incident notification rules.

Geographic exposure

Southwestern Virginia (headquarters in Honaker, VA; branches in Clintwood, Grundy, Haysi, Lebanon, Pounding Mill, Tazewell, Norton, Bluefield, Castlewood, Gate City, Abingdon, Bristol, Kingsport area), southern West Virginia (Princeton), northwestern North Carolina (Boone), and northeastern Tennessee (Kingsport). Branch network includes both owned and leased locations across these four states.

Source: SEC 10-K, filed 2026-03-31

Industry: State Commercial Banks Peers: FIRST OTTAWA BANCSHARES, INC InsCorp Inc PNC Financial Services Group Inc STURGIS BANCORP INC