What changed in this filing

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Item 9A. Controls and Procedures

2023-03-31 compared with 2022-03-31 · 53 added, 52 removed, 73 unchanged (59% of the section changed)

29 unchanged sentences

were operating effectively as of December 31, 2022.

Other Information

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Directors, Executive Officers and Corporate Governance

Regarding Foreign Jurisdictions that Prevent Inspections

Executive Officers and Corporate Governance

information contained under the captions “Election of Directors,” “Incumbent Directors,” “Executive Officers

1 unchanged sentence

Statement that is required to be disclosed in this Item 10 is incorporated herein by reference.

Executive Compensation

information contained under the captions “Director Compensation” and “Executive Compensation and Related Party Transactions”

in the 2023 Proxy Statement that is required to be disclosed in this Item 11 is incorporated herein by reference.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

information contained under the captions “Security Ownership of Management” and “Security Ownership of Certain Beneficial

1 unchanged sentence

Certain Relationships and Related Transactions, and Director Independence

information contained under the caption “Executive Compensation and Related Party Transactions” and “Corporate Governance”

in the 2022 Proxy Statement that is required to be disclosed in this Item 13 is incorporated herein by reference.

The information contained under the caption “Executive

Compensation and Related Party Transactions” and “Corporate Governance” in the 2023 Proxy Statement that is required

to be disclosed in this Item 13 is incorporated herein by reference.

Principal Accountant Fees and Services

information contained under the caption “Audit Information” in the 2022 Proxy Statement that is required to be disclosed

in this Item 14 is incorporated herein by reference.

and Financial Statement Schedules

response to this portion of Item 15 is included in Item 8 above.

following exhibits are filed as part of this Form 10-K:

The information contained under the caption “Audit Information”

in the 2023 Proxy Statement that is required to be disclosed in this Item 14 is incorporated herein by reference.

The Independent Registered Public Accounting Firm for the financial statements

as of December 31, 2022 and the year then ended was Yount, Hyde & Barbour, P.C., (U.S.

PCAOB Auditor Firm I.D.:

613, located in Roanoke,

Exhibit and Financial Statement Schedules

(a)(1) The response to this portion of Item

15 is included in Item 8 above.

(a)(2) The response to this portion of Item 15 is

included in Item 8 above.

(a)(3) The following exhibits are filed as part

of this Form 10-K:

Articles of Incorporation of New Peoples Bankshares, Inc.

(incorporated by reference to Exhibit 3.1 to Form 10-Q for the quarterly

period ended June 30, 2008 filed on August 11, 2008).

(incorporated by reference to Exhibit 3.1 to Form 10-Q for the quarterly period

ended June 30, 2008 filed on August 11, 2008).

of Registrant (incorporated by reference to Exhibit 3.2 to Form 8-K filed August 26, 2020).

Common Stock Certificate of New Peoples Bankshares, Inc.

(incorporated by reference to Exhibit 4.1 to Form 10-Q for the quarterly

period ended June 30, 2012 filed on August 14, 2012).

Description of New Peoples Bankshares, Inc.’s Securities (incorporated by reference to Exhibit 4.2 to Annual Report on Form 10-K for the fiscal year ended December 31, 2019).

(incorporated by reference to Exhibit 4.1 to Form 10-Q for the quarterly period

ended June 30, 2012 filed on August 14, 2012).

of New Peoples Bankshares, Inc.’s Securities (incorporated by reference to Exhibit 4.2 to Annual Report on Form 10-K for the fiscal

year ended December 31, 2019).

Agreement dated December 1, 2016 between New Peoples Bankshares, Inc., New Peoples Bank, Inc., and C.

1 unchanged sentence

by reference to Exhibit 10.1 to Form 8-K filed December 2, 2016

Agreement dated December 1, 2016 between New Peoples Bankshares, Inc., New Peoples Bank, Inc., and C.

Todd Asbury (incorporated by reference to Exhibit 10.1 to Form 8-K filed December 2, 2016).

Employment Agreement dated May 14, 2019 between New Peoples Bank, Inc., and James W.

of Award Agreement for New Peoples Bankshares, Inc.

Long-Term Cash Incentive Plan (incorporated by reference

to Exhibit 10.2 to Form 8-K filed March 2, 2023).

of Ethics (incorporated by reference to Exhibit 14 to Annual Report on Form 10-K for the fiscal year ended December 31, 2003).

Subsidiaries of the Registrant.

Powers of Attorney (contained on

signature page).

Certification by Chief Executive Officer pursuant to Rule 13a-14(a).

Certification by Chief Financial Officer pursuant to Rule 13a-14(a).

Certification by Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.

of the Registrant.

of Attorney (contained on signature page).

Certification

by Chief Executive Officer pursuant to Rule 13a-14(a).

Certification

by Chief Financial Officer pursuant to Rule 13a-14(a).

Certification

by Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.

Section 1350.

following materials for the Company’s 10-K Report for the year ended December 31, 2020, formatted in XBRL are being furnished,

XBRL Taxonomy Extension Calculation Linkbase Document, XBRL Taxonomy Extension Definitions Linkbase Document, Taxonomy

Extension Label Linkbase Document, XBRL Taxonomy Extension Label Linkbase Document.

XBRL Taxonomy Extension Calculation Linkbase Document, XBRL Taxonomy Extension Definitions Linkbase Document, Taxonomy Extension

Label Linkbase Document, XBRL Taxonomy Extension Label Linkbase Document.

Page Interactive Data File (embedded within the Inline XBRL document in Exhibit 101).

____________________________________

2 unchanged sentences

Items 15(a)(1) and (2) above.

Form 10-K Summary

to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed

9 unchanged sentences

with full power of substitution, in his name and on his behalf as a director of New Peoples Bankshares, Inc.

(the “Registrant”),

to act and to execute any and all instruments as such attorneys or attorney deem necessary or advisable to enable the Registrant to comply

with the Securities Exchange Act of 1934, and any rules, regulations, policies or requirements of the Securities and Exchange Commission

(the “Commission”) in respect thereof, in connection with the preparation and filing with the Commission of the Registrant’s

Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Report”), and any and all amendments to such

Report, together with such other supplements, statements, instruments and documents as such attorneys or attorney deem necessary or appropriate.

(the Registrant), to act

and to execute any and all instruments as such attorneys or attorney deem necessary or advisable to enable the Registrant to comply with

the Securities Exchange Act of 1934, and any rules, regulations, policies or requirements of the Securities and Exchange Commission (the

Commission) in respect thereof, in connection with the preparation and filing with the Commission of the Registrant’s Annual Report

on Form 10-K for the fiscal year ended December 31, 2022 (the Report), and any and all amendments to such Report, together with such

other supplements, statements, instruments and documents as such attorneys or attorney deem necessary or appropriate.

to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the

registrant in the capacities and on the dates indicated.

Director, President and

March 31, 2022

Chief Executive Officer

(Principal Executive Officer)

/s/ CHRISTOPHER G.

President and

Executive Officer

Executive Officer)

CHRISTOPHER G.

Vice President and

Financial Officer

(Principal Financial Officer)

Financial Officer)

Accounting Officer

(Principal Accounting Officer)

March 31, 2022

ROBERT BUCHANAN

March 31, 2022

Robert Buchanan

/s/ JOE CARTER

March 31, 2022

/s/ CHARLES H.

March 31, 2022

/s/ EUGENE HEARL

March 31, 2022

/s/ HAROLD LYNN KEENE

Chairman, Director

March 31, 2022

HAROLD LYNN KEENE

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures