New Peoples Bank, Inc.: how it compares with its peers
Against 20 VA banks with half to twice its assets, New Peoples Bank, Inc.'s strongest measure in Q2 2026 is net interest margin (4.21% vs. a 3.85% peer median). Its weakest relative measure is assets per employee ($5.3M vs. $6.9M).
| Measure | New Peoples Bank, Inc. | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.48% | 1.34% | Middle third Ahead of 55% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.21% | 3.85% | Top third Ahead of 70% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.26% | 59.11% | Middle third Ahead of 40% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.3M | $6.9M | Bottom third Ahead of 15% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.57% | 84.10% | Context |
What it means for lending operations
Its efficiency ratio of 61.26% is above the 59.11% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Bank of Botetourt Buchanan, VA · $939M
- Oak View National Bank Warrenton, VA · $966M
- Bank of the James Lynchburg, VA · $1.03B
- The Freedom Bank of Virginia Fairfax, VA · $1.04B
- First National Bank Altavista, VA · $1.14B
- Trustar Bank Great Falls, VA · $1.14B
Questions about New Peoples Bank, Inc.
How big is New Peoples Bank, Inc.?
New Peoples Bank, Inc., established in 1998, is headquartered in Honaker, VA. It reported $942M in total assets in its Q2 2026 FDIC call report and operates 19 offices.
What is New Peoples Bank, Inc.'s return on assets?
1.48% annualized in Q2 2026, against a 1.34% median for 20 VA banks with half to twice its assets, ahead of 55% of them.
What is New Peoples Bank, Inc.'s efficiency ratio?
61.26% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 59.11%, and lower is better.
Is New Peoples Bank, Inc. growing its loans?
Net loans grew 5.5% over the year to Q2 2026, while deposits grew 5.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are VA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Virginia bank ranked.