secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001903596-23-000355
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares Q1 net income up 5.2% to $2.0M, stable NIM at 3.83%
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- Net income $2.0M ($0.08 diluted EPS) vs $1.9M ($0.08) in Q1 2022, up 5.2%.
- Net interest margin stable at 3.83% (Q1 2022: 3.54%; Q4 2022: 3.88%).
- Total deposits grew 2.3% to $708.8M; gross loans up 1.0% to $5.9M increase.
- Nonperforming assets fell 15.9% to $3.1M, 0.39% of total assets.
- Leverage ratio improved to 10.98%; book value per share $2.50 (up from $2.40).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000355/0001903596-23-000355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000355/nwpp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000355

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