Call reports 2024
NEW PEOPLES BANK, INC. — 2024
What NEW PEOPLES BANK, INC. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 850,757,000 | 854,939,000 | 880,564,000 | 855,256,000 |
| Total loans | 638,594,000 | 639,934,000 | 646,356,000 | 657,536,000 |
| Allowance for loan losses | 7,406,000 | 7,727,000 | 7,670,000 | 7,684,000 |
| Securities available for sale | 89,014,000 | 92,269,000 | 96,564,000 | 95,984,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 741,980,000 | 744,424,000 | 764,349,000 | 754,120,000 |
| Interest-bearing deposits | 531,005,000 | 542,526,000 | 558,245,000 | 548,757,000 |
| Noninterest-bearing deposits | 210,975,000 | 201,898,000 | 206,104,000 | 205,363,000 |
| Equity capital | 79,241,000 | 81,377,000 | 86,548,000 | 81,923,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 10,591,000 | 21,573,000 | 33,094,000 | 44,524,000 |
| Interest expense | 3,360,000 | 7,077,000 | 11,119,000 | 14,864,000 |
| Net interest income | 7,231,000 | 14,496,000 | 21,975,000 | 29,660,000 |
| Noninterest income | 2,353,000 | 4,957,000 | 7,422,000 | 11,421,000 |
| Noninterest expense | 6,958,000 | 13,805,000 | 20,626,000 | 28,737,000 |
| Provision for loan losses | 4,000 | 426,000 | 453,000 | 506,000 |
| Pretax income | 2,669,000 | 5,220,000 | 8,297,000 | 11,723,000 |
| Income tax | 605,000 | 1,188,000 | 1,882,000 | 2,437,000 |
| Net income | 2,064,000 | 4,032,000 | 6,415,000 | 9,286,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 91,729,000 | 93,244,000 | 95,628,000 | 93,907,000 |
| Total capital | 99,231,000 | 100,776,000 | 103,270,000 | 101,769,000 |
| Risk-weighted assets | 600,029,000 | 602,026,000 | 610,967,000 | 628,753,000 |