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New Peoples Bankshares Inc – ‘10-K’ for 12/31/16 – ‘R48’

On:  Monday, 3/13/17, at 3:42pm ET   ·   For:  12/31/16   ·   Accession #:  721748-17-158   ·   File #:  0-33411

Previous ‘10-K’:  ‘10-K’ on 3/1/16 for 12/31/15   ·   Next:  ‘10-K’ on 3/23/18 for 12/31/17   ·   Latest:  ‘10-K’ on 4/1/24 for 12/31/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/13/17  New Peoples Bankshares Inc        10-K       12/31/16  107:9.1M                                   Pacific Stock Tra… Co/TA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    847K 
 2: EX-21       Subsidiaries List                                   HTML     29K 
 3: EX-23       Consent of Experts or Counsel                       HTML     30K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     34K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     34K 
 6: EX-32       Certification of Chief Executive Officer and Chief  HTML     33K 
                Financial Officer                                                
13: R1          Document and Entity Information                     HTML     58K 
14: R2          Balance Sheets                                      HTML    123K 
15: R3          Balance Sheets (Parenthetical)                      HTML     39K 
16: R4          Statements of Operations                            HTML    126K 
17: R5          Consolidated Statements Of Comprehensive Income     HTML     54K 
                (Loss)                                                           
18: R6          Shareholders Equity                                 HTML     59K 
19: R7          Statements of Cash Flows                            HTML    145K 
20: R8          1. Nature of Operations                             HTML     37K 
21: R9          2. Summary of Significant Accounting Policies       HTML     64K 
22: R10         3. Formal Written Agreement                         HTML     33K 
23: R11         4. Deposits in and Federal Funds Sold to Banks      HTML     34K 
24: R12         5. Investment Securities                            HTML    101K 
25: R13         6. Loans                                            HTML    225K 
26: R14         7. Allowance for Loan Losses                        HTML    142K 
27: R15         8. Troubled Debt Restructurings                     HTML     63K 
28: R16         9. Bank Premises and Equipment                      HTML     40K 
29: R17         10. Other Time Deposits                             HTML     38K 
30: R18         11. Income Tax Expense (Benefit)                    HTML     66K 
31: R19         12. Related Party Transactions                      HTML     36K 
32: R20         13. Retirement Plans                                HTML     35K 
33: R21         14. Other Real Estate Owned                         HTML     45K 
34: R22         15. Stock Option Plan                               HTML     50K 
35: R23         16. Dividend Limitations on Subsidiary Bank         HTML     33K 
36: R24         17. Leasing Activities                              HTML     35K 
37: R25         18. Available Lines of Credit and Federal Home      HTML     37K 
                Loan Bank Advances                                               
38: R26         19. Financial Instruments With Off-Balance Sheet    HTML     39K 
                Risk                                                             
39: R27         20. Legal Contingencies                             HTML     35K 
40: R28         21. Trust Preferred Securities and Deferral of      HTML     37K 
                Interest Payments                                                
41: R29         22. Capital                                         HTML     68K 
42: R30         23. Fair Values                                     HTML    132K 
43: R31         24. Recent Accounting Developments                  HTML     44K 
44: R32         25. Parent Corporation Only Financial Statements    HTML     82K 
45: R33         26. Selected Quarterly Information (Unaudited)      HTML     86K 
46: R34         2. Summary of Significant Accounting Policies       HTML    119K 
                (Policies)                                                       
47: R35         2. Summary of Significant Accounting Policies       HTML     43K 
                (Tables)                                                         
48: R36         5. Investment Securities (Tables)                   HTML     96K 
49: R37         6. Loans (Tables)                                   HTML    225K 
50: R38         7. Allowance for Loan Losses (Tables)               HTML    140K 
51: R39         8. Troubled Debt Restructurings (Tables)            HTML     60K 
52: R40         9. Bank Premises and Equipment (Tables)             HTML     38K 
53: R41         10. Other Time Deposits (Tables)                    HTML     35K 
54: R42         11. Income Tax Expense (Benefit) (Tables)           HTML     66K 
55: R43         14. Other Real Estate Owned (Tables)                HTML     42K 
56: R44         15. Stock Option Plan (Tables)                      HTML     45K 
57: R45         19. Financial Instruments With Off-Balance Sheet    HTML     37K 
                Risk (Tables)                                                    
58: R46         22. Capital (Tables)                                HTML     59K 
59: R47         23. Fair Values (Tables)                            HTML    122K 
60: R48         25. Parent Corporation Only Financial Statements    HTML     79K 
                (Tables)                                                         
61: R49         26. Selected Quarterly Information (Tables)         HTML     83K 
62: R50         1. Nature of Operations (Details Narrative)         HTML     32K 
63: R51         2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -     HTML     42K 
                Schedule of Estimated Useful Lives (Details)                     
64: R52         2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -     HTML     43K 
                Schedule of Basic and Diluted Net Loss Per Common                
                Share Calculations (Details)                                     
65: R53         2. Summary of Significant Accounting Policies       HTML     36K 
                (Details Narrative)                                              
66: R54         4. Deposits in and Federal Funds Sold to Banks      HTML     37K 
                (Details Narrative)                                              
67: R55         5. INVESTMENT SECURITIES - Schedule of Securities   HTML     50K 
                Amortized Cost and Estimated Fair Value (Details)                
68: R56         5. INVESTMENT SECURITIES - Schedule of Fair Value   HTML     60K 
                and Gross Unrealized Losses on Investment                        
                Securities In A Continuous Unrealized Loss                       
                Position (Details)                                               
69: R57         5. INVESTMENT SECURITIES - Amortized Cost and Fair  HTML     71K 
                Value Of Investment Securities Contractual                       
                Maturity (Details)                                               
70: R58         5. Investment Securities (Details Narrative)        HTML     32K 
71: R59         6. LOANS - Summary of Loans Receivable Outstanding  HTML     51K 
                (Details)                                                        
72: R60         6. LOANS - Summary of Loans Receivable on           HTML     47K 
                Nonaccrual Status (Details)                                      
73: R61         6. LOANS - Summary of Impaired Loans (Details)      HTML     92K 
74: R62         6. LOANS - Summary of Age Analysis of Past Due      HTML     77K 
                Loans Receivable (Details)                                       
75: R63         6. LOANS - Summary of Risk Category of Loans        HTML     80K 
                Receivable (Details)                                             
76: R64         7. ALLOWANCE FOR LOAN LOSSES - Summary of Activity  HTML     79K 
                in the Allowance for Loan Losses (Details)                       
77: R65         7. ALLOWANCE FOR LOAN LOSSES - Schedule of          HTML     91K 
                Allocation of Portion of Allowance (Details)                     
78: R66         8. TROUBLED DEBT RESTRUCTURINGS - Schedule Of       HTML     48K 
                Loans Modified As Troubled Debt Restructurings                   
                (Details)                                                        
79: R67         8. Troubled Debt Restructurings (Details            HTML     34K 
                Narrative)                                                       
80: R68         9. BANK PREMISES AND EQUIPMENT - Bank Premises and  HTML     47K 
                Equipment (Details)                                              
81: R69         9. Bank Premises and Equipment (Details Narrative)  HTML     33K 
82: R70         10. OTHER TIME DEPOSITS - Schedule of Maturities    HTML     46K 
                (Details)                                                        
83: R71         10. Other Time Deposits (Details Narrative)         HTML     34K 
84: R72         11. Income Tax Expense (BENEFIT) - Schedule of      HTML     40K 
                Components of Income Tax Expense (Details)                       
85: R73         11. Income Tax Expense (BENEFIT) - Schedule of Net  HTML     75K 
                Deferred Tax Assets and Liabilities (Details)                    
86: R74         11. Income Tax Expense (BENEFIT) - Schedule of      HTML     52K 
                Reconciliation of Income Tax Expense (Details)                   
87: R75         11. Income Tax Expense (Benefit) (Details           HTML     35K 
                Narrative)                                                       
88: R76         12. Related Party Transactions (Details Narrative)  HTML     41K 
89: R77         13. Retirement Plans (Details Narrative)            HTML     36K 
90: R78         14. OTHER REAL ESTATE OWNED - Other Real Estate     HTML     48K 
                (Details)                                                        
91: R79         15. STOCK OPTION PLAN - Summary of the Status of    HTML     46K 
                the Company's Stock Option Plan (Details)                        
92: R80         15. Stock Option Plan (Details Narrative)           HTML     32K 
93: R81         18. Available Lines of Credit and Federal Home      HTML     41K 
                Loan Bank Advances (Details Narrative)                           
94: R82         19. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET    HTML     34K 
                RISK - Schedule of Financial Instruments with                    
                Credit Risk (Details)                                            
95: R83         21. Trust Preferred Securities and Deferral of      HTML     45K 
                Interest Payments (Details Narrative)                            
96: R84         22. CAPITAL - Schedule of Capital Requirements      HTML     88K 
                (Details)                                                        
97: R85         22. CAPITAL - Summary of Common Stock Warrants      HTML     38K 
                Outstanding (Details)                                            
98: R86         23. FAIR VALUES - Summary of Assets And             HTML     65K 
                Liabilities Measured at Fair Value (Details)                     
99: R87         23. FAIR VALUES - Schedule of Significant           HTML     47K 
                Unobservable Inputs In Level 3 Assets (Details)                  
100: R88         23. FAIR VALUES - Estimated Fair Value of           HTML     47K  
                Financial Instruments (Details)                                  
101: R89         25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS -  HTML    103K  
                Parent Corporation Only Condensed Balance Sheets                 
                (Details)                                                        
102: R90         25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS -  HTML     65K  
                Parent Corporation Only Condensed Statements of                  
                Income (Loss) (Details)                                          
103: R91         25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS -  HTML     83K  
                Parent Corporation Only Condensed Statements of                  
                Cash Flows (Details)                                             
104: R92         26. SELECTED QUARTERLY INFORMATION - Schedule of    HTML     75K  
                Selected Quarterly Information (Details)                         
106: XML         IDEA XML File -- Filing Summary                      XML    199K  
105: EXCEL       IDEA Workbook of Financial Reports                  XLSX    111K  
 7: EX-101.INS  XBRL Instance -- nwpp-20161231                       XML   3.27M 
 9: EX-101.CAL  XBRL Calculations -- nwpp-20161231_cal               XML    266K 
10: EX-101.DEF  XBRL Definitions -- nwpp-20161231_def                XML    612K 
11: EX-101.LAB  XBRL Labels -- nwpp-20161231_lab                     XML   1.02M 
12: EX-101.PRE  XBRL Presentations -- nwpp-20161231_pre              XML    994K 
 8: EX-101.SCH  XBRL Schema -- nwpp-20161231                         XSD    202K 
107: ZIP         XBRL Zipped Folder -- 0000721748-17-000158-xbrl      Zip    189K  


‘R48’   —   25. Parent Corporation Only Financial Statements (Tables)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.6.0.2
25. PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)
12 Months Ended
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Corporation Only Condensed Balance Sheets
ASSETS   2016   2015
         
Due from banks $ 813 $ 1,445
Investment in subsidiaries   62,158   60,672
Other assets   587   589
Total Assets $ 63,558 $ 62,706
         
LIABILITIES        
Accrued interest payable $ 125 $ 104
Accrued expenses and other liabilities   20   19
Trust preferred securities   16,496   16,496
Total Liabilities   16,641   16,619
         
STOCKHOLDERS’ EQUITY        

Common stock - $2.00 par value, 50,000,000 shares authorized;

23,354,457 and 23,354,082 shares issued and outstanding at

December 31, 2016 and 2015, respectively

  46,709   46,708
Common stock warrants   764   764
Additional paid capital   13,965   13,965
Retained deficit   (14,065)   (15,023)
Accumulated other comprehensive loss   (456)   (327)
Total Stockholders’ Equity   46,917   46,087
Total Liabilities and Stockholders’ Equity $ 63,558 $ 62,706
Parent Corporation Only Condensed Statements of Income (Loss)
(Dollars in Thousands)   2016   2015
         
Income        
Miscellaneous income $ 15 $ 13
Undistributed income of subsidiaries   1,615   3,295
Total income   1,630   3,308
         
Expenses        
Trust preferred securities interest expense   508   440
Legal fees   17   23
Accounting fees   88   114
Other operating expenses   59   69
Total Expenses   672   646
         
Income before Income Taxes   958   2,662
Income Tax Expense (Benefit)   -   -
Net Income $ 958 $ 2,662
Parent Corporation Only Condensed Statements of Cash Flows
(Dollars in Thousands)   2016   2015
         
Cash Flows From Operating Activities        
Net income $ 958 $ 2,662

Adjustments to reconcile net income to net cash used in

operating activities:

       
     Income of subsidiaries   (1,615)   (3,295)
     Net change in:        
         Other assets   2   98
         Other liabilities   22   57
Net Cash Used in Operating Activities   (633)   (478)
         
Cash Flows From Financing Activities        
Exercise of common stock warrants   1   832
Net Cash Provided by Financing Activities   1   832
         
Net increase (decrease) in Cash and Cash Equivalents   (632)   354
Cash and Cash Equivalents, Beginning of year   1,445   1,091
Cash and Cash Equivalents, End of Year $ 813 $ 1,445
         
Supplemental Disclosure of Cash Paid During the Year for:        
     Interest $ 487 $ 327
     Taxes $ - $ -

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/13/17
For Period end:12/31/16
12/31/1510-K
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Filing Submission 0000721748-17-000158   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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