−Removed: As of December 31, 2024, the Company's net investment
−Removed: in premises and equipment was $17.1 million.
−Removed: Our main office and operations center are in Honaker, Virginia, which includes a full-service
−Removed: branch, and a separate administration and operations center.
−Removed: The Bank owns 13 of its 17 full-service branch offices,
−Removed: including its headquarters office.
−Removed: In addition to the headquarters in Honaker, Virginia we own or lease branch offices located in Virginia,
−Removed: West Virginia, North Carolina, and Tennessee, and a loan production office in Wytheville, Virginia which opened in February 2025.
−Removed: Additionally,
−Removed: the Bank owns an operations building housing its network and other support operations.
−Removed: The Bank owns one former branch office that was
−Removed: closed in 2022 and leases a former branch office that was closed in 2024 and now serves as an administrative office for the Bank.
−Removed: Bank also owns undeveloped lots in Coeburn, Virginia, Mt.
−Removed: Carmel, TN and Princeton, WV (3).
−Removed: A leased full-service branch office in Boone,
−Removed: North Carolina opened in March 2024.
−Removed: One closed and a now sold former branch in Big Stone
−Removed: Gap, Virginia continues to offer ATM services.
−Removed: We continue to assess our branch network as we look
−Removed: to improve the efficiency of our branch operations while seeking to increase market share.
−Removed: We believe that all of our properties are maintained
−Removed: in good operating condition and are suitable and adequate for our operational needs.
+Added: As of December 31,
+Added: 2025, New Peoples's net investment in premises and equipment was $16.4 million.
+Added: The following table describes our properties by type,
+Added: ownership or lessee, and location.
+Added: Honaker Headquarters
+Added: 53 Commerce Drive
+Added: Kingsport Branch
+Added: Dennis Highway
+Added: Bluefield Branch
+Added: 514 Commerce Drive
+Added: Clintwood Branch
+Added: 198 Colley Shopping Center
+Added: Grundy Branch
+Added: 20487 Riverside Drive
+Added: 111 Haysi Main
+Added: Lebanon Branch
+Added: 1421 East Main Street
+Added: Pounding Mill Branch
+Added: 12602 Governor G.C.
+Added: Peery Highway
+Added: Pounding Mill
+Added: Tazewell Branch
+Added: 127 Chamber Drive
+Added: Wise / Norton Area Branch
+Added: 5448 Wise Norton Road
+Added: Princeton – Stafford Dr Branch
+Added: 1221 Stafford Drive
+Added: Princeton – Oakvale Rd Branch
+Added: 207 Oakvale Road
+Added: Bristol State Street
+Added: 230-A Wilson Drive
+Added: Abingdon Branch
+Added: 350 West Main Street
+Added: Castlewood Branch
+Added: 87 Miners Drive
+Added: Gate City Branch
+Added: 663 East Jackson Street
+Added: Administrative Office
+Added: Linden Square Office
+Added: 101 Linden Square Drive
+Added: Loan Production Office
+Added: Wytheville LPO
+Added: Operations Center
+Added: Honaker Operations Center
+Added: 67 Commerce Drive
+Added: Big Stone Gap
+Added: 419 Shawnee Ave East
+Added: Big Stone Gap
+Added: We continue to assess
+Added: our branch network as we look to improve the efficiency of our branch operations while seeking to increase market share.
+Added: We believe that all
+Added: of our properties are maintained in good operating condition and are suitable and adequate for our operational needs.
+Added: Legal Proceedings
In the normal course
of operations we may become a party to legal proceedings, as discussed in Note 22 Legal Contingencies to the consolidated financial statements
−Removed: contained in Item 8 of this form 10-K.
−Removed: Safety Disclosures
+Added: contained in Item 8 of this Form 10-K, which information is incorporated herein by reference.
+Added: Mine Safety Disclosures
Not applicable.
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.