Compensation Trends at New Peoples Bankshares, Inc.

New Peoples Bankshares, Inc. (NWPP), a recognized entity among state commercial banks, has exhibited a progression in executive compensation over recent years. Notably, the company's focus on aligning compensation with performance metrics reflects its strategic efforts to retain top talent amidst a competitive banking landscape.


In 2024, Bryan T. Booher emerged prominently in the compensation hierarchy as reflected by an annual salary of $217,695. Additional earnings were complemented by a $44,143 bonus, with all other compensation summing to $22,431, culminating in a total compensation of $312,558. This reflects not only his contribution to the company but also the bank's willingness to invest in its leadership1.

Contrast this with the prior year, where Christopher G. Speaks held a notable position with a total compensation of $299,405. His salary was reported at $216,137, coupled with a $38,464 bonus and other compensation totaling $36,504. This steady increase from previous years indicates sustained confidence in his contributions, having received $209,052 in total compensation back in 2021, inclusive of a $19,750 bonus2.

Historical data reveals that James W. Kiser also had a significant impact during his tenure in 2020, receiving a total compensation of $205,377. His salary amounted to $185,807, with a modest bonus of $6,000, underscoring a conservative bonus culture at NWPP in previous years3.

The financial snapshot of NWPP as of recent trades shows the company's stock price at $3.06, down by 10%, which hints at fluctuating market sentiments. Despite the dip, the market capitalization remains robust at $72,264,042, buoyed by an earnings per share of $0.35 and a price-to-earnings ratio of 8.74, reflecting sound financial health amidst market volatility4.

NWPP’s strategic executive compensation aligns with broader industry trends, showcasing a consistent approach to recognizing and rewarding leadership. This strategy is critical as the bank continues to navigate economic pressures and leverage leadership to maintain and grow its market presence.

1. Compensation data for Bryan T. Booher for 2024. Retrieved from the SEC [filing](https://www.sec.gov/Archives/edgar/data/1163389/000190359625000172/0001903596-25-000172-index.htm).

2. Compensation data for Christopher G. Speaks for 2023 and 2021. Retrieved from the SEC [filing](https://www.sec.gov/Archives/edgar/data/1163389/000190359624000211/0001903596-24-000211-index.htm) and [filing](https://www.sec.gov/Archives/edgar/data/1163389/000190359623000269/0001903596-23-000269-index.htm).

3. Compensation data for James W. Kiser for 2020. Retrieved from the SEC [filing](https://www.sec.gov/Archives/edgar/data/1163389/000190359622000142/0001903596-22-000142-index.htm) and [filing](https://www.sec.gov/Archives/edgar/data/1163389/000172186821000206/0001721868-21-000206-index.htm).

4. Financial snapshot and stock data for NWPP. Sourced from the latest market data and company financials.