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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. New Peoples Bankshares's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $34.03 Mil. New Peoples Bankshares's average earning assets for the quarter that ended in Dec. 2023 was $713.75 Mil. Therefore, New Peoples Bankshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 4.77%.
The historical data trend for New Peoples Bankshares's Net Interest Margin (Bank Only) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
New Peoples Bankshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 4.10 | 4.08 | 4.13 | 4.11 | 3.99 |
New Peoples Bankshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 4.15 | 4.05 | 3.69 | 4.77 | - |
For the Banks - Regional subindustry, New Peoples Bankshares's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, New Peoples Bankshares's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where New Peoples Bankshares's Net Interest Margin (Bank Only) % falls into.
Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
New Peoples Bankshares's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2022 ) | + | Earning Assets (A: Dec. 2023 )) | / count ) |
= | 27.864 | / | ( (674.922 | + | 720.678) | / 2 ) |
= | 27.864 | / | 697.8 | |||
= | 3.99 % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.96 | + | 577.886 | + | 96.076 |
= | 674.922 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.018000000000001 | + | 630.855 | + | 89.805 |
= | 720.678 |
New Peoples Bankshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (Q: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Sep. 2023 ) | + | Earning Assets (Q: Dec. 2023 )) | / count ) |
= | 34.032 | / | ( (706.812 | + | 720.678) | / 2 ) |
= | 34.032 | / | 713.745 | |||
= | 4.77 % |
where
Earning Assets | (Q: Sep. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.065000000000005 | + | 619.295 | + | 87.452 |
= | 706.812 |
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.018000000000001 | + | 630.855 | + | 89.805 |
= | 720.678 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: Interest Expense is the negative value.
In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
New Peoples Bankshares (OTCPK:NWPP) Net Interest Margin (Bank Only) % Explanation
The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.
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Harold L Keene | director | P. O. BOX 1320, HONAKER VA 24260 |
B Scott White | director | RT 2, BOX 181-A, CASTLEWOOD VA 24224 |
Barton Scot Long | other: Director-Subsidiary Bank | 300 FOUR WINDS DRIVE, BRISTOL VA 24201 |
John D Cox | director | 13515 EAST CARTERS VALLEY ROAD, GATE CITY VA 24251 |
John J. Boczar | officer: EVP & Chief Financial Officer | 599 TILLIE SCOTT CT, GREENSBORO NC 27455 |
Christopher Todd Asbury | officer: Senior V.P. & C.F.O. | |
Kiser W James | officer: EVP/Chief Banking Officer | 67 COMMERCE DR, HONAKER VA 24260 |
Christopher G Speaks | officer: EVP/CFO | 104 S. MAIN ST., GREENVILLE SC 29601 |
J. Robert Buchanan | director | 2248 UPPER VALLEY ROAD, TAZEWELL VA 24651 |
Gina D Boggess | director | PO BOX 5064, PRINCETON WV 24740 |
Beard John W Jr | officer: EVP & Chief Credit Officer | NEW PEOPLES BANKSHARES, INC., 67 COMMERCE DRIVE, HONAKER VA 24260 |
Joseph Darrell Pennington | officer: SVP & Chief Financial Officer | 5724 BRADINGTON CT, GLEN ALLEN VA 23059 |
Karen D Wimmer | officer: EVP & Chief Credit Officer | 67 COMMERCE DRIVE, HONAKER VA 24260 |
Richard G Preservati | 10 percent owner | PO BOX 1003, PRINCETON WV 24740 |
Gent Charles H Jr | director | P. O. BOX 330, HONAKER VA 24260 |
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