New Peoples Bank, Inc. in Honaker, Virginia (VA), TN, WV


New Peoples Bank, Inc. routing number info

Table of contents:
New Peoples Bank, Inc.
GeneralFDIC Certificate #: 34890
Status: Active
Federal Reserve ID: 2736451
Bank Holding Company (Regulatory Top Holder): New Peoples Bankshares, Inc. (RSSDID: 3049617, Location: Honaker, VA)
Date Established: October 28, 1998
WWW: http://www.newpeoplesbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 28 (Domestic: 28, Interstate: Yes)
FDIC's unique #: 61953
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 28, 1998
Last Structure Change Effective Date: June 29, 2007
Last Structure Change Process Date: August 21, 2007
Last Data Update: August 21, 2007
Data Source Date: April 05, 2012
LocationAddress: 2 Gents Drive, Honaker, VA 24260
County: Russell
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
History of ChangesChange in Location
Office Purchased
Financial SummaryTotal assets: $781.6 mil
Equity capital: $52.2 mil
Deposits held in domestic offices: $709.1 mil
Return on assets (ROA): -0.85% (-$6.6 mil)
Quarterly return on assets: -2.22% (-$17.4 mil)
Return on Equity (ROE): -12.23% (-$6.4 mil)
Quarterly return on equity: -32.50% (-$16.9 mil)
Net income: -$7.0 mil
Quarterly Net income: -$4.4 mil
Pretax return on assets: -1.06% (-$8,285.0 mil)
Quarterly Pretax return on assets: -2.33% (-$18,211.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)306
Total assets$781,601
Cash and due from depository institutions$90,476
Interest-bearing balances$72,170
Securities$32,434
Federal funds sold & reverse repurchase agreements$77
Net loans & leases$579,436
Loan loss allowance $18,380
Trading account assets$0
Bank premises and fixed assets$32,466
Other real estate owned$15,482
Goodwill and other intangibles$124
All other assets$31,106
Life insurance assets$781,601
Total liabilities and capital$729,356
Total liabilities$709,125
Total deposits$598,686
Interest-bearing deposits$709,125
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17,983
Other borrowed funds $0
Subordinated debt $2,248
All other liabilities $52,245
Total equity capital$52,245
Total bank equity capital$52,245
Perpetual preferred stock$0
Common stock$12,000
Surplus$32,184
Undivided profits $8,061
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $43,820
Earning assets $317
Long-term assets (5+ years) $3,036
Average Assets, year-to-date $684,117
Average Assets, quarterly $143,719
Volatile liabilities $825,903
Insider loans $795,765
FHLB advances $502,760
Loans and leases held for sale $779,003
Unused loan commitments $11,351
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $47,031
Total risk weighted assets $11,351
Total unused commitments $0
Restructured Loans and leases $29,004
Derivatives$5,739
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $41,636
Total interest expense $8,963
Net interest income $32,673
Provision for loan and lease losses $7,959
Total noninterest income $5,429
Fiduciary activities $0
Service charges on deposit accounts $2,488
Trading account gains & fees $0
Additional noninterest income $2,941
Total noninterest expense $38,878
Salaries and employee benefits $15,710
Premises and equipment expense $3,952
Additional noninterest expense $19,216
Pre-tax net operating income -$8,735
Securities gains (losses) $0
Applicable income taxes -$1,750
Income before extraordinary items -$6,985
Extraordinary gains - net $0
Net income attributable to bank -$6,985
Net charge-offs $0
Cash dividends -$6,985
Sale, conversion, retirement of capital stock, net $14,746
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.74%
Cost of funding earning assets 1.23%
Net interest margin 4.50%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 5.36%
Net operating income to assets -0.85%
Return on assets (ROA) -0.85%
Pretax return on assets -1.06%
Return on equity (ROE) -12.23%
Retained earnings to average equity (YTD only) -12.23%
Net charge-offs to loans 2.25%
Credit loss provision to net charge-offs 53.97%
Efficiency ratio-0.05%
Assets per employee$90,953
Cash dividends to net income (YTD only)2.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.07%
Noncurrent assets plus other real estate owned to assets 41.94%
Noncurrent loans to loans 7.59%
Net loans and leases to deposits7.33%
Net loans and leases to core deposits 81.71%
Equity capital to assets 86.03%
Core capital (leverage) ratio 6.68%
Tier 1 risk-based capital ratio 6.04%
Total risk-based capital ratio 9.35%
Memoranda
Average assets$11
Average earning assets$825,903
Average equity $57,123
Average loans $725,907
Back to page top, Back to table top

2 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
14430228Bloomingdale Office Branch2600 N. John B. Dennis Hwy, Kingsport, TN 37660September 18, 2003Full Service Brick and Mortar
28467280Jonesborough Branch372 East Jackson Blvd., Jonesborough, TN 37659September 14, 2006Full Service Brick and Mortar
Back to page top

24 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
061953New Peoples Bank, Inc.2 Gents Drive, Honaker, VA 24260October 28, 1998Full Service Brick and Mortar
1290844Weber City Office1299 Us Hwy 23 S, Weber City, VA 24290November 02, 1998Full Service Brick and Mortar
2290845Castlewood Office87 Miners Drive, Castlewood, VA 24224March 22, 1999Full Service Brick and Mortar
3356993Lebanon Office1421 East Main Street, Lebanon, VA 24266May 08, 2000Full Service Brick and Mortar
4356994Haysi Office111 Haysi Main, Haysi, VA 24256May 08, 2000Full Service Brick and Mortar
5360980Pounding Mill Office12602 Gov. G.C. Perry Highway, Pounding Mill, VA 24637April 26, 2001Full Service Brick and Mortar
6364465Gate City Office Branch663 East Jackson Street, Gate City, VA 24251January 03, 2002Full Service Brick and Mortar
7364466Clintwood Office Branch198 Colley Shopping Center, Clintwood, VA 24228May 16, 2002Full Service Brick and Mortar
9419952Big Stone Gap Office Branch419 Shawnee Avenue East, Big Stone Gap, VA 24219August 08, 2002Full Service Brick and Mortar
11419954Grundy Office Branch20445 Riverside Drive, Grundy, VA 24614April 24, 2003Full Service Brick and Mortar
12422415Tazewell Office Branch157 Tazewell Mall Circle, Tazewell, VA 24651September 26, 2002Full Service Brick and Mortar
15430229Bristol Office Branch101 Linden Square Drive, Bristol, VA 24202December 18, 2003Full Service Brick and Mortar
16430230Richlands Office Branch2302 Second Street, Richlands, VA 24641May 20, 2004Full Service Brick and Mortar
17442648Abingdon Office Branch350 West Main Street, Abingdon, VA 24210August 12, 2004Full Service Brick and Mortar
18442649Commonwealth Ave Branch75 Commonwealth Ave, Bristol, VA 24201October 07, 2004Full Service Brick and Mortar
19442650Bluefield Office Branch514 Commerce Drive, Bluefield, VA 24605May 19, 2005Full Service Brick and Mortar
21453782Pound Branch11241 Indian Creek Road, Pound, VA 24279March 30, 2006Full Service Brick and Mortar
22453783Esserville Branch5448 Wise-Norton Road, Wise, VA 24293April 06, 2006Full Service Brick and Mortar
23455073Honaker Operations Center Branch67 Commerce Drive, Honaker, VA 24260December 30, 2005Limited Service Administrative
25466369Chilhowie Branch155 East Lee Hwy., Chilhowie, VA 24319June 21, 2007Full Service Brick and Mortar
2644465Norton Branch600 Trent Street, Norton, VA 24273January 01, 1971Full Service Brick and Mortar
27285468Pennington Gap Branch42311 E. Morgan Ave., Pennington Gap, VA 24277January 01, 1971Full Service Brick and Mortar
29467281Jonesville Branch108 Fisher Road, Jonesville, VA 24263November 02, 2006Full Service Brick and Mortar
30479342Bland Branch427 Main Street, Bland, VA 24315October 25, 2007Full Service Brick and Mortar
Back to page top

2 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
8365333Princeton Office Branch1221 Stafford Drive, Princeton, WV 24740September 20, 2001Full Service Brick and Mortar
31493450Bluewell Branch3996 Coal Heritage Road, Bluewell, WV 24701August 14, 2008Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New Peoples Bank, Inc..
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.