Replies to post #6 on New Peoples Bankshares, Inc. (NWPP)

[genlou]

Salty thank you, I purchased 200 shares this morning.I was not sure about the earnings.Because I thought I understood IDFB earnings on that site, but when IDFB posted their earnings on their site yesterday I learned I was wrong. Mother Lode last quarter earnings were updated this morning also. FDIC certificate number 57637.

[genlou]

NEW PEOPLES BANKSHARES, INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

FOR THE THREE MONTHS ENDED JUNE 30, 2013 AND 2012

(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

(UNAUDITED)



2013 2012

INTEREST AND DIVIDEND INCOME


Loans including fees
$ 7,370 $ 8,047

Federal funds sold
— 1

Interest-earning deposits with banks
53 48

Investments
195 240

Dividends on equity securities (restricted)
36 29














Total Interest and Dividend Income
7,654 8,365















INTEREST EXPENSE


Deposits


Demand
19 28

Savings
48 58

Time deposits below $100,000
556 782

Time deposits above $100,000
397 525

FHLB Advances
62 150

Other borrowings
— 44

Trust Preferred Securities
117 125














Total Interest Expense
1,199 1,712















NET INTEREST INCOME
6,455 6,653


PROVISION FOR LOAN LOSSES
— 1,176















NET INTEREST INCOME AFTER


PROVISION FOR LOAN LOSSES
6,455 5,477















NONINTEREST INCOME


Service charges
565 642

Fees, commissions and other income
586 573

Insurance and investment fees
97 123

Net realized gains on sale of investment securities
— 265

Life insurance investment income
29 31














Total Noninterest Income
1,277 1,634















NONINTEREST EXPENSES


Salaries and employee benefits
3,211 3,509

Occupancy and equipment expense
1,027 1,085

Advertising and public relations
124 121

Data processing and telecommunications
465 450

FDIC insurance premiums
379 414

Other real estate owned and repossessed vehicles, net
255 1,273

Other operating expenses
1,360 1,400














Total Noninterest Expenses
6,821 8,252















INCOME (LOSS) BEFORE INCOME TAXES
911 (1,141 )


INCOME TAX EXPENSE (BENEFIT)
(34 ) 1,397















NET INCOME (LOSS)
$ 945 $ (2,538 )















Income (Loss) Per Share


Basic
$ 0.04 $ (0.25 )














Fully Diluted
$ 0.04 $ (0.25 )















Average Weighted Shares of Common Stock


Basic
21,871,063 10,010,178














Fully Diluted
21,871,063 10,010,178














The accompanying notes are an integral part of this statement.



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