NEW PEOPLES BANKSHARES Business Summary

New Peoples Bankshares Inc (NWPP) operates as a financial holding company for New Peoples Bank, Inc., generating revenue primarily through net interest income from a diverse loan portfolio and non-interest income from deposit service fees and wealth management. The company’s primary business segments are categorized by its lending activities, including Real Estate Secured (residential and commercial), Commercial and Industrial, Agriculture, and Consumer Installment loans. Additionally, it provides investment and insurance services through its New Peoples Financial Services division. NWPP competes in the highly fragmented community banking sector against regional peers such as Benchmark Bankshares, Inc. (BMBN), Bank of Botetourt (BORT), and Pinnacle Bankshares Corporation (PPBN). As a community-focused institution, NWPP distinguishes itself through localized decision-making and a relationship-driven service model across its 18-branch footprint in Southwest Virginia, Southern West Virginia, Northeast Tennessee, and Western North Carolina. The company is led by President and CEO James W. Kiser, who assumed the role in March 2024 after serving as the bank's Chief Banking Officer; he brings over 20 years of regional banking experience, including a tenure at First Century Bank and an MBA from King University. Christopher G. Speaks serves as Executive Vice President and Chief Financial Officer, recently expanding his remit to include the role of Principal Accounting Officer in January 2026 following the retirement of John J. Boczar. The leadership team also includes Bryan Booher (Chief Risk Officer) and Landon McGlothlin (Chief Operations and Information Officer). The Board of Directors is chaired by Harold Lynn Keene, President of Keene Carpet, Inc., who has been a director since the company's 1998 founding. Notable board members and significant shareholders include Vice Chairman B. Scott White, a key figure in the bank's control group, and Director Barton Scot Long, who has recently increased his equity stake in the firm.