NEW PEOPLES BANKSHARES INC
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Consolidated Balance Sheets December 31, 2025 and 2024
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
(in thousands except share data)
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $13,849 | $13,218 |
| Interest-bearing deposits with banks | 63,109 | 54,300 |
| Federal funds sold | 252 | 150 |
| Total cash and cash equivalents | 77,210 | 67,668 |
| Investment securities available-for-sale, at fair value | 96,433 | 95,984 |
| Restricted stock, at cost | 2,598 | 2,720 |
| Loans receivable | 709,587 | 657,536 |
| Allowance for credit losses | (8,107) | (7,684) |
| Net loans | 701,480 | 649,852 |
| Bank premises and equipment, net | 16,400 | 17,070 |
| Other real estate owned | 89 | 87 |
| Accrued interest receivable | 3,451 | 3,458 |
| Deferred taxes, net | 3,895 | 4,835 |
| Right-of-use assets - operating leases | 2,998 | 3,413 |
| Insurance benefit receivable | — | 5,417 |
| Other assets | 5,146 | 4,421 |
| Total assets | $909,700 | $854,925 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing demand | $220,829 | $224,938 |
| Interest-bearing deposits | 577,437 | 525,044 |
| Total deposits | 798,266 | 749,982 |
| Borrowed funds | 18,986 | 24,986 |
| Lease liabilities - operating leases | 2,998 | 3,413 |
| Accrued interest payable | 1,507 | 1,442 |
| Accrued expenses and other liabilities | 5,088 | 4,361 |
| Total liabilities | 826,845 | 784,184 |
| Commitments and Contingent Liabilities (Notes 20 and 22) | ||
| Shareholders' equity: | ||
| Common stock, $2 par value: 50,000,000 shares authorized, 23,567,013 and 23,636,724 shares issued and outstanding, respectively | 47,134 | 47,273 |
| Additional paid-in capital | 14,378 | 14,451 |
| Retained earnings | 29,210 | 21,001 |
| Accumulated other comprehensive loss | (7,867) | (11,984) |
| Total shareholders' equity | 82,855 | 70,741 |
| Total liabilities and shareholders' equity | $909,700 | $854,925 |
The accompanying notes are an integral part of these financial statements
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