New Peoples Bankshares, Inc. · OTC:NWPP
New Peoples Bankshares — Shareholder Meeting (May 2024)
19 slides from New Peoples Bankshares's shareholder meeting presentation, May 24, 2024
Slide 1: Annual Shareholders Meeting 2024
| CU — ANNUAL SDT ENOEB ESS MEETING 2024 Niw EOPLES BANK
Slide 2: Tribute to Todd Asbury, Past President and CEO
“As we had previously disclosed, Todd Asbury retired from the position of President and CEO after a remarkable tenure of two decades with the bank and nine years as our President and CEO. Todd's strategic vision was pivotal over the past decade as he led the bank out of financial troubles that loome
Slide 3: Our Team is Growing
66 to strengthen our leadership As we continue team, it is with great pleasure that we welcome Bart Long to the New Peoples Bank Board of Directors and Mike Ratliff to our Executive Management team. Bart's extensive experience in the real estate market and commitment to community service will be inv
Slide 4: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward — Looking Statements This presentation includes forward-looking statements. These forward- looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or
Slide 5: Our Mission and Vision
Our Mission New Peoples Bank provides high-quality, state- of-the-art, Golden-Rule banking services to our customers generating an above average return to our stockholders and providing an engaging and rewarding work environment for our family of employees. & Our Vision New Peoples Bank will be a hi
Slide 6: Our Successes in 2023
Our Successes in 2023 6/0'\0/e Loan & Deposit Dividends New Branch Anniversary Growth Paid third consecutive Opened a new office in Celebrated our 25" Increased loans by over dividend- nearly 17% increase Anniversary $53MM and grew deposits by over last year Boone, NC (Q1 2024) nearly $24MM.
Slide 7: Total Assets / Total Loans / Total Deposits
(Noort enn Total Assets / Total Loans / Total Deposits by 6.8% in 2 $900 2023 = = $800 $700 q ‘ Deposits $600 r | | grew by 3.4% in $500 : | : : 2023 $400 { ! $300 j q $200 y q { . ‘ New me | | Bilal! EOPLES BANK $ . | = : 2019 2020 2021 2022 2023 1Q 2024 Assets Loans Deposits
Slide 8: Key Performance Ratios
Key Performance Ratios || ors | aoz0 | azn | none | nas | Q1 2024 Net Income (In thousands) S 2,059 S 2,890 S 7,010 $8,082 $7,184 S 1,786 ROA 0.29% 0.39% 0.88% 0.99% 0.91% 0.86% ROE 3.89% 5.18% 11.52% 13.89% 12.00% 11.11% Efficiency Ratio 86.23% 81.10% 75.56% 70.64% 73.71% 75.42% ——
Slide 9: The Impact of Rising Rates
The Impact of Rising Rates gy PEEL Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Qi 2024 @Cost of Funds mM Net Interest Margin
Slide 10: Non-Performing Assets
$10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 2019 Non — Performing Assets 2020 2021 —®Total Non-Performing Assets 2022 =@=OREO = =®=Non-Accrual 2023 2 Q1 2024
Slide 11: We Remain Well Capitalized
We Remain Well Capitalized Tier 1 Leverage Ratio ee 2020 2021 2022 2023 Q12024 =—— Tier 1Leverage ===Well Capitalized
Slide 12: New Peoples Bank Stock Overview
New Peoples Bank Stock Overview 2019 2020 2021 2022 2023 Q1 2024 Per Share: Stock Price $2.02 $2.00 $2.04 $2.30 $2.40 $2.50 Book Value $2.28 $2.43 $2.66 $2.40 $2.73 $2.70 Dividend $0.05 $0.06 $0.07
Slide 13: Initiatives for 2024
Initiatives for 2024 Manage Deposit Costs Sustain a net interest margin that exceeds the industry by strategically managing deposit cost Deposit Growth Expand the bank's portfolio of non- Efficiency Reduce the bank's efficiency ratio to interest-bearing deposit accounts to assist in offsetting today
Slide 14: Current Challenges in Banking
Current Challenges in Banking Shrinking Margins Margins continue to shrink due to the fight for deposits and rapid rate increases Inflation Inflation continues to drive up the cost of doing business Economic Instability Continued uncertainty in the economy Fraud Fraud is up 400% since the pandemic B
Slide 15: Community Involvement
New Peoples Bank had hundreds of hours of voluntary service in community non-profit organizations, development boards, charities, foundations, etc. Delores Murphy, our Honaker Branch Manager, with two students that participated in Bank (fe) I f ) I Y ) Uu Nn Ity Day Scholarship Program sponsored by
Slide 16: New Branch Opens in Boone, NC
New Branch Opens in Boone, NC We were excited to open our new full-service banking branch in Boone, North Carolina in 2024. The Boone team has been a beacon of success for New Peoples Bank, having generated loans with nearly 80 million dollars of current balance over the past three years as a loan p
Slide 17: Share Repurchase Program
Share Repurchase Program Authorization The Board of Directors has given authorization to extend the share repurchase program which allows the Company to repurchase up to 500,000 shares of the Company's outstanding common stock through March 31, 2025. Contact Means and Timing interested, please conta
Slide 18: NEW he
NEW he PEOPLES BANK Sea a 7 1998-2023 Fe vies = uiesaiacia
Slide 19: New Peoples Bankshares Inc
So i NEW PEOPLES BANKSHARES INC
New Peoples Bankshares — Shareholder Meeting (May 2024) on 6ix