secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001721868-21-000737
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares Q3 net income rises 29.6% to $1.8M; YTD earnings up 240%
-------------------------------------------------------------------------------

- Q3 net income $1.8M ($0.08 EPS) vs $1.4M ($0.06) a year ago; YTD net income $5.1M ($0.21) vs $1.5M.
- Net interest margin improved to 3.93% from 3.52% prior quarter; zero provision for loan losses vs $450K last year.
- Nonperforming assets fell 11.6% QoQ to $5.4M; net charge-offs annualized 0.03%.
- Sold three former branches for $190K gains; transferred three more to OREO at $1.1M loss.
- Total assets grew $44.5M (5.9%) since Dec 2020; deposits up $45.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000172186821000737/0001721868-21-000737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000172186821000737/f2snwpp8k110121.htm
  HTML page:      https://secwatch.observer/filing/0001721868-21-000737

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer