What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-31 compared with 2024-04-01 · 35 added, 36 removed, 11 unchanged (87% of the section changed)

2 unchanged sentences

Market Information

Computershare Investor

Services is the stock transfer agent for New Peoples Bankshares, Inc.

The common stock of New Peoples is quoted on the OTC Market’s

Pink Open Market under the symbol “NWPP”.

Computershare Investor Services is the stock transfer

agent for New Peoples Bankshares, Inc.

The common stock of New Peoples is quoted on the OTC Market’s Pink Open Market under the

symbol “NWPP”.

The volume of trading of shares of common stock is very limited.

Trades in our

common stock occur sporadically on a local basis and typically in small volumes.

Over-the-Counter market quotations reflect inter-dealer

prices without retail mark up, mark down or commissions and may not necessarily represent actual transactions.

The most recent sales

price of which management is aware was $2.50 per share on March 13, 2024.

On March 27, 2024,

there were approximately 3,956 shareholders of record.

Trades in our common stock occur sporadically

on a local basis and typically in small volumes.

Over-the-Counter market quotations reflect inter-dealer prices without retail mark up,

mark down or commissions and may not necessarily represent actual transactions.

The most recent sales price of which management is

aware was $3.05 per share on March 13, 2025.

On March 24, 2025, there were approximately 3,813 shareholders

Any declaration of

dividends in the future will depend on our earnings, capital requirements, growth strategies, and compliance with regulatory mandates,

principally at the Bank level, since the Company’s primary source of income is dividends paid by the Bank.

The Company paid a dividend

of $0.06 per share in 2023.

On February 26, 2024, the Company declared a dividend of $0.07 per share, payable March 29, 2024.

We are subject to

certain dividend restrictions and capital requirements imposed by the Federal Reserve Bank as well as Virginia statutes and regulations.

See Note 16, Dividend Limitations on Subsidiary Bank, and Note 22, Capital, to the consolidated financial statements contained in Item

8 of this Form 10-K.

The Company extended

the stock repurchase program initiated in 2022 that authorizes the repurchase of up to 500,000 of the Company’s common shares through

March 31, 2024.

Repurchases may be made through open market purchases or in privately negotiated transactions.

Shares repurchased will

be returned to the status of authorized and unissued shares of common stock.

The actual means and timing of any purchases, number of

shares and prices or range of prices will be determined by the Company.

Shares of the Company’s

common stock were repurchased during the three months ended December 31, 2023, as detailed below.

Under the terms of the stock repurchase

program, the Company has the remaining authority to repurchase up to 323,814 shares of common stock.

On February 26, 2024, the Board

of Directors approved an extension of the repurchase program through March 31, 2025.

Any declaration of dividends in the future will depend

on our earnings, capital requirements, growth strategies, and compliance with regulatory mandates, principally at the Bank level, since

the Company’s primary source of income is dividends paid by the Bank.

The Company paid a dividend of $0.07 per share in 2024.

February 24, 2025, the Company declared a dividend of $0.08 per share, payable March 31, 2025.

We are subject to certain dividend restrictions and

capital requirements imposed by the Federal Reserve Bank as well as Virginia statutes and regulations.

See Note 16, Dividend Limitations

on Subsidiary Bank, and Note 22, Capital, to the consolidated financial statements contained in Item 8 of this Form 10-K.

The Company extended the stock repurchase program initiated

in 2022 that authorizes the repurchase of up to 500,000 of the Company’s common shares through March 31, 2025.

Repurchases may be

made through open market purchases or in privately negotiated transactions.

Shares repurchased will be returned to the status of authorized

and unissued shares of common stock.

The actual means and timing of any purchases, number of shares and prices or range of prices will

be determined by the Company.

Shares of the Company’s common stock were repurchased

during the three months ended December 31, 2024, as detailed below.

Under the terms of the stock repurchase program, the Company has the

remaining authority to repurchase up to 214,638 shares of common stock.

February 24, 2025, the Board of Directors approved an extension of the repurchase program through March 31, 2026.

The following table provides information regarding

repurchases of common stock for the three months ended December 31, 2024.

Beginning on First Day of Month Ended

5 unchanged sentences

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 5. Market for Registrant’s Common Equity