New Peoples Bank, Inc.
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Data as of · sourced from FFIEC call reports. How we update
New Peoples Bank, Inc. is an FDIC-insured commercial bank headquartered in Honaker, VA, established in 1998 (FDIC certificate 34890), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $942.5M, up 5.5% from Q2 2025, the 31st largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 15.48% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 34890
- Headquarters
- Honaker, VA
- Established
- 1998
- Total assets, Q2 2026
- $942.5M
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 15.48%
- Domestic offices
- 19 FDIC institution directory, current count
- Routing number
- 051408897
- Latest call report
- Q2 2026, FFIEC 041 · New Peoples Bank, Inc. call report
- Holding company
- NEW PEOPLES BANKSHARES, INC.
- Asset rank in state
- 31st of 56 in Virginia
Little in New Peoples Bank, Inc.'s latest call report stands out. The Honaker, Virginia bank had $942 million in assets at June 30, 2026, up 5.5% from a year earlier. On most measures it sits near the middle of the 2,660 banks with $100 million to $1 billion in assets.
Earnings jumped: net income for the quarter was $3.6 million, 33% above the same quarter a year earlier.
As of June 30, 2026, New Peoples Bank, Inc. reported a CET1 capital ratio of 15.48%, a return on assets of 1.53%, a nonperforming-loan ratio of 0.45% and a Texas ratio of 3.34%. The figures come from its call report filed with the FFIEC.
New Peoples Bank, Inc. ranks as the 31st largest of the 56 banks based in Virginia, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.3% to $942.5M, loans rose 1.4% and deposits fell 0.1%. 1-4 family residential loans made up 34.6% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 17.5%. The FDIC Summary of Deposits lists 19 offices for it, in 16 cities across 4 states; its Princeton 2 offices book 11% of its branch deposits. By the capital ratios in its Q2 2026 call report, New Peoples Bank, Inc. meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 53 Commerce Dr, Honaker, VA 24260
- County
- Russell
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- October 28, 1998
- Domestic offices
- 19 FDIC institution directory, current count
- Employees (FTE)
- 177
- Domestic deposits
- $828.4M
- Allowance for credit losses
- $8.2M
- Net charge-offs (YTD)
- $211K
- Average total assets
- $953.6M
- Average total loans
- $728.2M
- Average interest-bearing deposits
- $585.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 28, 1998
- FDIC Cert
- 34890
- Fed RSSD
- 2736451
- SEC CIK
- 1163389 → filed by NEW PEOPLES BANKSHARES, INC.
- Website
- www.newpeoples.bank →
- Parent Holding Company
- NEW PEOPLES BANKSHARES, INC. (RSSD 3049617) · NWPP
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
New Peoples Bank, Inc.'s total assets moved between a low of $800.2M (Q3 2023) and a high of $942.5M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$942.5M total assets against $893.3M; $844.7M total liabilities against $807.4M.
$725.4M net loans and leases against $687.9M; $828.4M total deposits against $783.0M.
$98.6M securities against $96.8M; $84.3M cash and balances due against $72.2M.
$13.2M total interest income against $11.9M; $3.6M total interest expense against $3.5M.
$9.6M net interest income against $8.4M.
$2.6M total noninterest income against $2.5M; $7.4M total noninterest expense against $7.2M.
$63K provision for credit losses against $155K.
$3.6M net income against $2.7M.
1.53% return on assets against 1.22%; 4.18% net interest margin against 3.91%.
15.48% CET1 capital ratio against 14.56%; 11.17% tier 1 leverage ratio against 10.74%.
Inside the full New Peoples Bank, Inc. terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
New Peoples Bank, Inc. rankings
Its closest position to the top of a national ranking is 1,091 of 4,196, for total assets; its furthest is 1,910 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.95% (Q1 2025) to 1.53% (Q2 2026) and its net interest margin ran from 3.57% (Q3 2024) to 4.18% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.48% | 1.53% | 0.45% | 3.34% | 4.18% |
| Q1 2026 | 15.13% | 1.39% | 0.43% | 3.24% | 4.01% |
| Q4 2025 | 15.26% | 1.32% | 0.53% | 3.77% | 3.96% |
| Q3 2025 | 14.80% | 1.29% | 0.44% | 3.24% | 4.04% |
| Q2 2025 | 14.56% | 1.22% | 0.50% | 3.79% | 3.91% |
| Q1 2025 | 14.61% | 0.95% | 0.67% | 4.99% | 3.72% |
| Q4 2024 | 14.94% | 1.31% | 0.50% | 3.75% | 3.68% |
| Q3 2024 | 15.65% | 1.08% | 0.63% | 5.46% | 3.57% |
Swipe the table sideways to see every column.
Branch Network
View all 19 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Grundy Office Branch | Grundy , VA | 24614 | $83.5M |
| New Peoples Bank, Inc. (main office) | Honaker , VA | 24260 | $76.6M |
| Princeton-Stafford Branch | Princeton , WV | 24740 | $68.0M |
| Abingdon Office Branch | Abingdon , VA | 24210 | $65.8M |
| Bluefield Office Branch | Bluefield , VA | 24605 | $56.9M |
| Pounding Mill Office | Pounding Mill , VA | 24637 | $53.6M |
| Esserville Branch | Norton , VA | 24273 | $51.3M |
| Bristol W. State Branch | Bristol , VA | 24201 | $49.8M |
| Gate City Office Branch | Gate City , VA | 24251 | $47.6M |
| Clintwood Office Branch | Clintwood , VA | 24228 | $47.3M |
| Castlewood Office | Castlewood , VA | 24224 | $45.7M |
| Lebanon Office | Lebanon , VA | 24266 | $41.6M |
| Haysi Office | Haysi , VA | 24256 | $40.1M |
| Tazewell Office Branch | Tazewell , VA | 24651 | $36.3M |
| Kingsport - E. Stone Branch | Kingsport , TN | 37660 | $28.5M |
| Princeton-Oakvale Branch | Princeton , WV | 24740 | $22.5M |
| Boone Branch | Boone , NC | 28607 | $13.1M |
| Itm Call Center Branch | Bristol , VA | 24202 | $0 |
| Honaker Operations Center Branch | Honaker , VA | 24260 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 3 against individuals associated with it
- October 9, 2013, Federal Reserve: Civil Money Penalty, $4,560: New Peoples Bank, Honaker, Virginia
- Period: Most recent institution action October 9, 2013. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in VA, rank 42 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 191 applications, 144 loans originated, $59.0M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $275K approved, $138K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2017 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about New Peoples Bank, Inc.
What are New Peoples Bank, Inc.'s total assets?
As of the Q2 2026 filing, New Peoples Bank, Inc. reported total assets of $942.5 million in its FFIEC call report.
Where is New Peoples Bank, Inc. headquartered?
It is headquartered in Honaker, VA, United States.
When was New Peoples Bank, Inc. founded?
It was established in 1998, per the FDIC institution directory.
Is New Peoples Bank, Inc. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34890). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates New Peoples Bank, Inc.?
New Peoples Bank, Inc.'s primary federal regulator is the Federal Reserve.
What is New Peoples Bank, Inc.'s CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.48% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does New Peoples Bank, Inc. operate?
It operates 19 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is New Peoples Bank, Inc.'s Texas Ratio?
Its Texas Ratio is 3.34% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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