New Peoples Bankshares (New Peoples Bankshares) Scaled Net Operating Assets : -0.07 (As of Dec. 2023)

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What is New Peoples Bankshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Peoples Bankshares's operating assets for the quarter that ended in Dec. 2023 was $671.55 Mil. New Peoples Bankshares's operating liabilities for the quarter that ended in Dec. 2023 was $731.46 Mil. New Peoples Bankshares's Total Assets for the quarter that ended in Sep. 2023 was $799.95 Mil. Therefore, New Peoples Bankshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

New Peoples Bankshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Peoples Bankshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(761.354	-	731.464)	/	775.358
=	0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	826.313	-	64.959
=	761.354

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	761.502	-	30.038	-	0
=	731.464

New Peoples Bankshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(671.549	-	731.464)	/	799.953
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	826.313	-	154.764
=	671.549

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	761.502	-	30.038	-	0
=	731.464

* 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.

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New Peoples Bankshares (New Peoples Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Peoples Bankshares Inc (OTCPK:NWPP) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Commerce Drive, Honaker, VA, USA, 24260

Website

https://www.newpeoples.bank

New Peoples Bankshares Inc is a bank holding company for New Peoples Bank. The Bank offers a range of banking & related financial services focused on serving individuals, small to medium-size businesses, and the professional community. Its main banking services include personal banking, business banking, and financial services. Its banking products comprise checking, savings, deposit accounts, commercial loans, consumer loans, and real estate loans.

Executives

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