0001163389 2024-01-01 2024-12-31 0001163389 nwpp:KiserMember 2024-01-01 2024-12-31 0001163389 nwpp:AsburyMember 2024-01-01 2024-12-31 0001163389 nwpp:KiserMember 2023-01-01 2023-12-31 0001163389 nwpp:AsburyMember 2023-01-01 2023-12-31 0001163389 2023-01-01 2023-12-31 0001163389 nwpp:KiserMember 2022-01-01 2022-12-31 0001163389 nwpp:AsburyMember 2022-01-01 2022-12-31 0001163389 2022-01-01 2022-12-31 0001163389 nwpp:JamesWKiserMember 2024-01-01 2024-12-31 0001163389 nwpp:CToddAsburyMember 2024-01-01 2024-12-31 0001163389 nwpp:CToddAsburyMember 2023-01-01 2023-12-31 iso4217:USD shares iso4217:USD shares pure false 0001163389 DEF 14A NEW PEOPLES BANKSHARES, INC. <table cellpadding="0" cellspacing="0" id="xdx_88B_eecd--PvpTableTextBlock_zuKic9020f3" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: top"> <td style="width: 5%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.9pt 0 0"> </p> <p style="font: 10pt/8.4pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: center"><span style="letter-spacing: -0.2pt"><b><span style="text-decoration: underline">Year</span></b></span><b><span style="text-decoration: underline"> </span></b></p></td> <td id="xdx_48A_eecd--PeoTotalCompAmt_hecd--IndividualAxis__custom--KiserMember_zmQKBeeCzrVe" style="width: 15%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.85pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 4.6pt 0 8.15pt; text-align: center; text-indent: -0.1pt"><span style="letter-spacing: -0.1pt"><b>Summary Compensation</b></span><b> Table Total for PEO<sup id="xdx_F57_zenmV9P46175">(1)</sup></b></p> <p style="font: 10pt/8.4pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 0.05in; text-align: center; text-indent: 16.4pt"><span style="letter-spacing: -0.1pt"><b><span style="text-decoration: underline">(Kiser)</span></b></span><b><span style="text-decoration: underline">       </span></b></p></td> <td id="xdx_480_eecd--PeoTotalCompAmt_hecd--IndividualAxis__custom--AsburyMember_zGxhPs6RPGV3" style="border-bottom: black 1pt solid; width: 10%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7.55pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.05pt 0 0; text-align: center; text-indent: -0.1pt"><span style="letter-spacing: -0.1pt"><b>Summary Compensation</b></span><b> Table Total for PEO<sup id="xdx_F5E_zGINadHZneV8">(1)</sup> <span style="letter-spacing: -0.1pt">(Asbury)</span></b></p></td> <td style="width: 1%"> </td> <td id="xdx_487_eecd--PeoActuallyPaidCompAmt_hecd--IndividualAxis__custom--KiserMember_zct2LRSizti4" style="border-bottom: black 1pt solid; width: 10%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.9pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.2pt 0 0; text-align: center"><span style="letter-spacing: -0.1pt"><b>Compensation</b></span><b> Actually Paid to PEO<sup id="xdx_F52_z3TcP3tQX6G3">(1)</sup></b></p> <p style="font: 10pt/8.15pt Times New Roman, Times, Serif; margin: 0.05pt 0.2pt 0 0.05pt; text-align: center"><span style="letter-spacing: -0.1pt"><b>(Kiser)</b></span></p></td> <td style="width: 1%"> </td> <td id="xdx_48D_eecd--PeoActuallyPaidCompAmt_hecd--IndividualAxis__custom--AsburyMember_zxKGeKSmb6v4" style="border-bottom: black 1pt solid; width: 10%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7.45pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3pt 0 0; text-align: center"><span style="letter-spacing: -0.1pt"><b>Compensation</b></span><b> Actually Paid to PEO<sup id="xdx_F5D_zJFnV5HGbNsh">(1)</sup></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 0; text-align: center"><span style="letter-spacing: -0.1pt"><b>(Asbury)</b></span></p></td> <td style="width: 1%"> </td> <td id="xdx_486_eecd--NonPeoNeoAvgTotalCompAmt_zikmZzG6Ilri" style="border-bottom: black 1pt solid; width: 12%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.95pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 3.65pt 0 2.85pt; text-align: center"><span style="letter-spacing: -0.1pt"><b>Average Summary Compensation</b></span><b> Table Total for <span style="letter-spacing: -0.1pt">Non-PEO</span></b></p> <p style="font: 10pt/8.1pt Times New Roman, Times, Serif; margin: 0 0.65pt 0 0; text-align: center"><span style="letter-spacing: -0.1pt"><b>NEOs<sup id="xdx_F5B_zISLKvJoDh9b">(2)</sup></b></span></p></td> <td style="width: 1%"> </td> <td id="xdx_48F_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zD0drrqrtz06" style="border-bottom: black 1pt solid; width: 12%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.85pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 2.2pt 0 1.2pt; text-align: center; text-indent: 0.05pt"><span style="letter-spacing: -0.1pt"><b>Average Compensation</b></span><b> Actually Paid to</b></p> <p style="font: 10pt/9.2pt Times New Roman, Times, Serif; margin: 0 1.55pt 0 0.8pt; text-align: center"><span style="letter-spacing: -0.1pt"><b>Non-PEO NEOs<sup id="xdx_F57_z6yu4ePKbRJ6">(2)</sup></b></span></p></td> <td style="width: 1%"> </td> <td id="xdx_48F_eecd--TotalShareholderRtnAmt_pp2p0_ziG4mCNroOB8" style="border-bottom: black 1pt solid; width: 10%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 4.25pt 0 3.15pt; text-align: center; text-indent: -0.15pt"><b>Value of Initial Fixed</b></p> <p style="font: 10pt/9.15pt Times New Roman, Times, Serif; margin: 0 1.3pt 0 0; text-align: center"><span style="letter-spacing: -0.2pt"><b>$100</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 4.2pt 0 3pt; text-align: center; text-indent: 0.05pt"><span style="letter-spacing: -0.1pt"><b>Investment</b></span><b> Based on <span style="letter-spacing: -0.1pt">Total</span></b></p> <p style="font: 10pt/9.2pt Times New Roman, Times, Serif; margin: 0 1.3pt 0 0.1pt; text-align: center"><span style="letter-spacing: -0.1pt"><b>Shareholder Return<sup id="xdx_F53_z6WHLoX2JZJ">(3)</sup></b></span></p></td> <td style="width: 1%"> </td> <td id="xdx_489_eus-gaap--NetIncomeLoss_pn3n3_zBP53mC4LEXf" style="border-bottom: black 1pt solid; width: 10%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8.95pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.85pt 0 19.45pt; text-indent: -15pt"><b>Net Income <span style="letter-spacing: -0.2pt">(in</span></b></p> <p style="font: 10pt/8.1pt Times New Roman, Times, Serif; margin: 0 0 0 4.1pt"><span style="letter-spacing: -0.1pt"><b>Thousands)</b></span></p></td></tr> <tr id="xdx_41D_20240101__20241231_zHY4CvWjmaY8" style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding-right: 5.45pt; text-align: center; line-height: 7.95pt"><span style="font-size: 10pt; letter-spacing: -0.2pt">2024</span></td> <td style="padding-right: 4.35pt; text-align: right; line-height: 7.95pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">473,355</span></span></td> <td style="text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">526,959</span></span></td> <td> </td> <td style="padding-right: 0.05pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">436,807</span></span></td> <td> </td> <td style="padding-right: 0.15pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">487,355</span></span></td> <td> </td> <td style="padding-right: 0.3pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">315,534</span></span></td> <td> </td> <td style="padding-right: 0.35pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">290,781</span></span></td> <td> </td> <td style="padding-right: 1.3pt; padding-left: 0.25pt; text-align: center; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">162.67</span></span></td> <td> </td> <td style="padding-right: 0.6pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">8,204</span></span></td></tr> <tr id="xdx_41C_20230101__20231231_zmtxd8b6MgGd" style="vertical-align: top; background-color: White"> <td style="padding-right: 5.45pt; text-align: center; line-height: 8.2pt"><span style="font-size: 10pt; letter-spacing: -0.2pt">2023</span></td> <td style="padding-right: 4.3pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt; letter-spacing: -0.5pt"><span style="-sec-ix-hidden: xdx2ixbrl0022">-</span></span></td> <td style="text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">481,407</span></span></td> <td> </td> <td style="padding-right: 0.05pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt; letter-spacing: -0.5pt"><span style="-sec-ix-hidden: xdx2ixbrl0024">-</span></span></td> <td> </td> <td style="padding-right: 0.15pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">465,554</span></span></td> <td> </td> <td style="padding-right: 0.3pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">305,343</span></span></td> <td> </td> <td style="padding-right: 0.35pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">295,105</span></span></td> <td> </td> <td style="padding-right: 1.3pt; padding-left: 0.25pt; text-align: center; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">107.13</span></span></td> <td> </td> <td style="padding-right: 0.6pt; text-align: right; line-height: 8.2pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">7,184</span></span></td></tr> <tr id="xdx_416_20220101__20221231_zPi33WIfn0ok" style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding-right: 5.45pt; text-align: center; line-height: 8pt"><span style="font-size: 10pt; letter-spacing: -0.2pt">2022</span></td> <td style="padding-right: 4.3pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt; letter-spacing: -0.5pt"><span style="-sec-ix-hidden: xdx2ixbrl0030">-</span></span></td> <td style="text-align: right; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">393,685</span></span></td> <td> </td> <td style="padding-right: 0.05pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt; letter-spacing: -0.5pt"><span style="-sec-ix-hidden: xdx2ixbrl0032">-</span></span></td> <td> </td> <td style="padding-right: 0.15pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">393,685</span></span></td> <td> </td> <td style="padding-right: 0.3pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">279,223</span></span></td> <td> </td> <td style="padding-right: 0.35pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">279,223</span></span></td> <td> </td> <td style="padding-right: 1.3pt; padding-left: 0.25pt; text-align: center; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">115.19</span></span></td> <td> </td> <td style="padding-right: 0.6pt; text-align: right; line-height: 8pt"><span style="font-size: 10pt">$ <span style="letter-spacing: -0.1pt">8,082</span></span></td></tr> </table> 473355 526959 436807 487355 315534 290781 162.67 8204000 481407 465554 305343 295105 107.13 7184000 393685 393685 279223 279223 115.19 8082000 James W. Kiser C. Todd Asbury C. Todd Asbury During 2024 James W. Kiser was our PEO after March 31, 2024. During 2023 and 2024, C. Todd Asbury was our PEO through March 31, 2024. During 2024 our remaining NEOs consisted of Christopher G. Speaks and Bryan T. Booher. During 2023 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, 2023, assuming reinvestment of dividends, through and including the end of each fiscal year.