New Peoples Bankshares Inc
newpeoples.bankWhat Do They Do?
Accepts deposits, makes loans, and offers investment services to individuals, small and midsize businesses, and professionals.
10-K for FY2025, filed Mar 31, 2026The Bank, headquartered in Honaker, Virginia, offers a range of banking and related financial services focused primarily on serving…View ↗
General. We accept deposits, make consumer and commercial loans, issue drafts, and provide other services customarily offered by a…View ↗
Loans. We offer a full range of short-, medium- and longer-term commercial, 1-4 family residential mortgages and personal loans. Commercial…View ↗
Investment Services. We offer a variety of investment services for both individual and business customers. These services include fixed…View ↗
How Do They Make Money?
Customers pay banking service fees periodically or when they use services, and card fees arise when transactions are processed. The bank also earns commissions when customers buy annuity or investment products.
10-K for FY2025, filed Mar 31, 2026Service charges and fees – Revenue is recognized on deposit services based on published fees for the services provided. These fees may be…View ↗
Card processing and interchange fees – Card-related interchange revenue is primarily comprised of debit and credit card income. Debit and…View ↗
Insurance and investment fees - Insurance and investment fee income consists of commissions received on annuity and investment product…View ↗
$3.6M
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10-K for FY2025, filed Mar 31, 2026
$3.6M ↗
Who Are Their Customers?
Individuals, small and midsize businesses, and professionals use the bank's services; business owners are solicited directly for loans, while customers can also open deposit accounts online.
10-K for FY2025, filed Mar 31, 2026The Bank, headquartered in Honaker, Virginia, offers a range of banking and related financial services focused primarily on serving…View ↗
We obtain short-, medium- and longer-term commercial and personal loans through direct solicitation of business owners and continued…View ↗
Our internet banking site can be accessed at www.newpeoples.bank. The site includes a customer service area that contains branch and…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 317 cents into free cash flow.
How Are They Changing?
Flat. Revenue was $3.6M in FY2025, about the same as the $3.7M of FY2021.
Broker-dealer relationship
The investment-services offering moved from a relationship with Infinex Investments to one with Osaic Institutions.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026New Peoples Bankshares, Inc. (“New Peoples,” the “Company,” “we,” “us” or “our”) is a Virginia financial holding company headquartered in…View ↗
The Bank, through its division New Peoples Financial Services, offers fixed and variable annuities, fee-based asset management, and other…View ↗
Investment Services. We offer a variety of investment services for both individual and business customers. These services include fixed…View ↗
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