NEW PEOPLES BANK INC
HONAKER, VIRGINIA · FDIC Cert #34890
Capital & Safety Analysis
According to FDIC financial data, NEW PEOPLES BANK INC holds a Tier 1 capital ratio of 15.49%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning NEW PEOPLES BANK INC has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
NEW PEOPLES BANK INC shows strong financial health indicators. With $855M in assets and a Health Score of 83/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
NEW PEOPLES BANK INC has a Bank Health Score of A (83/100). It holds a Tier 1 capital ratio of 15.49%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
NEW PEOPLES BANK INC holds $855M in total assets and $744M in total deposits. It is located in HONAKER, VIRGINIA (FDIC Certificate #34890).
NEW PEOPLES BANK INC has a Tier 1 capital ratio of 15.49%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.85%, and the return on assets is 1.24%.
Yes. NEW PEOPLES BANK INC is FDIC-insured (Certificate #34890). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.