0001163389 2023-01-01 2023-12-31 0001163389 2022-01-01 2022-12-31 0001163389 ecd:PeoMember nwpp:CToddAsburyMember 2023-01-01 2023-12-31 0001163389 ecd:PeoMember nwpp:CToddAsburyMember 2022-01-01 2022-12-31 0001163389 ecd:NonPeoNeoMember nwpp:JamesWKiserMember 2023-01-01 2023-12-31 0001163389 ecd:NonPeoNeoMember nwpp:ChristopherGSpeaksMember 2022-01-01 2022-12-31 iso4217:USD shares iso4217:USD shares pure false 0001163389 DEF 14A NEW PEOPLES BANKSHARES, INC. Pay versus Performance Table The following table provides information on total compensation and compensation actually paid to our principal executive officer (“PEO”) and to our remaining named executive officers (“NEOs”) for the fiscal years ended December 31, 2023 and December 31, 2022, and the cumulative shareholder return on our common stock and our net income over the same time period. <table cellpadding="0" cellspacing="0" id="xdx_30D_zp40B5y5HUK5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Year</td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Summary Compensation Table Total for PEO(1)</td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Compensation Actually Paid to PEO(1) </td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Average Summary Compensation Table Total for Non-PEO NEOs(2)</td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Average Compensation Actually Paid to Non-PEO NEOs (2)</td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Value of Initial Fixed $100 Investment Based on Total Shareholder Return(3) </td><td style="font-size: 12pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 12pt; text-align: right">Net Income(in Thousands)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"> </td><td style="width: 11%; text-align: right">2023</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eecd--PeoTotalCompAmt_pp0p0_c20230101__20231231_fKDEp_zMVR1ppelqmd" style="width: 11%; text-align: right">481,407</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eecd--PeoActuallyPaidCompAmt_pp0p0_c20230101__20231231_fKDEp_zIO7F3VTIppj" style="width: 11%; text-align: right">465,554</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eecd--NonPeoNeoAvgTotalCompAmt_pp0p0_c20230101__20231231_fKDIp_znQkpljyLFkg" style="width: 11%; text-align: right" title="Non-PEO NEO Average Total Compensation Amount">295,105</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eecd--NonPeoNeoAvgCompActuallyPaidAmt_pp0p0_c20230101__20231231_fKDIp_z91b6rufcdA2" style="width: 10%; text-align: right" title="Non-PEO NEO Average Compensation Actually Paid Amount">295,105</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eecd--TotalShareholderRtnAmt_pp2d_c20230101__20231231_fKDMp_zH2czbjQE37g" style="width: 10%; text-align: right" title="Total Shareholder Return Amount">123.40</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--NetIncomeLoss_pn3n3_uUSD_c20230101__20231231_zOtU6nt2BaUk" style="width: 10%; text-align: right" title="Net Income (Loss)">7,184</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td style="text-align: right">2022</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_988_eecd--PeoTotalCompAmt_pp0p0_c20220101__20221231_fKDEp_zR0NZYJBBr4e" style="text-align: right">393,685</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98A_eecd--PeoActuallyPaidCompAmt_pp0p0_c20220101__20221231_fKDEp_zOUFZtTYHLZc" style="text-align: right">393,685</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eecd--NonPeoNeoAvgTotalCompAmt_pp0p0_c20220101__20221231_fKDIp_z3nrnYaacIfk" style="text-align: right" title="Non-PEO NEO Average Total Compensation Amount">279,223</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_989_eecd--NonPeoNeoAvgCompActuallyPaidAmt_pp0p0_c20220101__20221231_fKDIp_z3CL8jSIkGyb" style="text-align: right" title="Non-PEO NEO Average Compensation Actually Paid Amount">279,223</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eecd--TotalShareholderRtnAmt_pp2d_c20220101__20221231_fKDMp_z07r6IWVPQCk" style="text-align: right" title="Total Shareholder Return Amount">115.19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_982_eus-gaap--NetIncomeLoss_pn3n3_uUSD_c20220101__20221231_zx6kyHjtvtR5" style="text-align: right" title="Net Income (Loss)">8,082</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td> </td><td> </td><td> </td></tr> <tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">(1)</td><td>During 2023 and 2022, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFBheSB2cyBQZXJmb3JtYW5jZSBEaXNjbG9zdXJlAA__" id="xdx_90F_eecd--PeoName_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--IndividualAxis__custom--CToddAsburyMember_zrKL3dzUpSHi"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFBheSB2cyBQZXJmb3JtYW5jZSBEaXNjbG9zdXJlAA__" id="xdx_900_eecd--PeoName_c20220101__20221231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--IndividualAxis__custom--CToddAsburyMember_zD5bWMPmHTOl">C. Todd Asbury was our PEO.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">(2)</td><td>During 2023 and 2022, our remaining NEOs consisted of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFBheSB2cyBQZXJmb3JtYW5jZSBEaXNjbG9zdXJlAA__" id="xdx_905_eecd--PeoName_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--IndividualAxis__custom--JamesWKiserMember_zA93VHEiE2Z2">James W. Kiser and <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFBheSB2cyBQZXJmb3JtYW5jZSBEaXNjbG9zdXJlAA__" id="xdx_909_eecd--PeoName_c20220101__20221231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--IndividualAxis__custom--ChristopherGSpeaksMember_zG6wy84SN3jk">Christopher G. Speaks.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">(3)</td><td style="width: 5pt"></td><td style="text-align: justify">Calculated based on a fixed investment of $100 in the Company’s stock, based on the closing price of the Company’s stock on the last trading day prior to January 1, 2022, assuming reinvestment of dividends, through and including the end of each fiscal year.</td> </tr></table> 481407 465554 295105 295105 123.40

7184000

393685 393685 279223 279223 115.19

8082000

C. Todd Asbury C. Todd Asbury James W. Kiser Christopher G. Speaks During 2023 and 2022, C. Todd Asbury was our PEO. During 2023 and 2022, our remaining NEOs consisted of James W. Kiser and Christopher G. Speaks. Calculated based on a fixed investment of $100 in the Company’s stock, based on the closing price of the Company’s stock on the last trading day prior to January 1, 2022, assuming reinvestment of dividends, through and including the end of each fiscal year.