nwpp: the income statement

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NEW PEOPLES BANKSHARES INC (NWPP)

For the quarter ending 2025-06-30, NWPP made $899K in revenue. $2,532K in net income. Net profit margin of 281.65%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Service charges and fees	899	877	995	967
Other noninterest income	192	351	183	169
Financial services fees	356	318	304	372
Net gainon sale and disposal of premises and equipment	1	2	3	53
Card processing and interchange	988	865	937	971
Net gain on sale of securities available-for-sale	-	-	4	-
Total noninterest income	2,436	2,413	2,426	2,532
Other operating expenses	2,022	1,856	1,732	1,685
Occupancy and equipment expense	874	984	942	942
Salaries and employee benefits	3,652	3,798	3,527	3,594
Data processing and telecommunications	665	634	628	617
Total noninterest expenses	7,213	7,272	6,829	6,838
Provision for credit losses	154	259	49	472
Borrowed funds	294	292	534	533
Deposits	3,450	3,449	3,832	3,508
Total interest expense	3,744	3,741	4,366	4,041
Dividends on equity securities (restricted)	41	43	43	43
Investments	711	702	610	583
Federal funds sold	3	2	2	2
Interest-earning deposits with banks	663	692	1,164	1,009
Loans including fees	10,540	9,912	9,728	9,374
Total interest and dividend income	11,958	11,351	11,547	11,011
Net interest income	8,214	7,610	7,181	6,970
Net interest income after provision for credit losses	8,060	7,351	-	-
Provisionforloanleaseandotherloss	-	-	7,132	6,498
Income before income taxes	3,283	2,492	2,729	2,192
Income tax expense	751	584	621	508
Net income	2,532	1,908	2,108	1,684

Average weighted shares of common stock - basic	23,607,372	23,626,617	23,658,248	23,692,984
Average weighted shares of common stock - diluted	23,607,372	23,626,617	23,658,248	23,692,984
Earnings per share basic	0.11	0.08	0.09	0.07
Earnings per share diluted	0.11	0.08	0.09	0.07

Unit: Thousand (K) dollars (except for numbers of shares and EPS)