NEW PEOPLES BANKSHARES INC (NWPP) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income on loans	28.3	28.6	28.6	26.4	24.2	22.6	23.7	24.9
Interest income on repurchase agreements		0.0	0.0	0.0	0.0		0.0	0.0
Total interest income	29.9	30.0	31.0	28.5	26.0	24.3	25.7	26.6
Interest expense:
	2.7	4.9	6.0	4.3	3.2	2.6	3.1	4.1
Net interest income	27.2	25.1	25.0	24.2	22.8	21.7	22.6	22.6
Provision for loan losses	0.4	2.3	2.1	0.3	0.5	-0.5	2.2
Net interest income after provision for loan losses	26.8	22.8	22.9	24.0	22.3	22.2	20.4	22.6
Deposit and loan fees						2.9	2.2	2.2
Other non-interest income	10.0	8.1	8.7	7.6	9.8	4.4	4.2	4.1
Total non-interest income	10.0	8.1	8.7	7.6	9.8	7.3	6.4	6.2
Non-interest expenses	27.9	27.0	29.0	30.5	28.9	28.6	28.5	28.6
Pre-tax income before non-recurring items	9.9	4.8	3.5	2.4	4.7	0.9	2.7	0.2
Non-recurring items	0.9	0.8	0.9	1.4	1.4
Pre-tax income	9.0	4.0	2.6	1.1	3.2	0.9	2.7	0.2
Income taxes	1.9	1.1	0.5	0.1	0.1	0.0	0.0	0.0
Tax rate	21.7%	27.6%	20.2%	14.0%	4.4%		0.7%
Net income	7.0	2.9	2.1	0.9	3.1	1.0	2.7	0.2
Net margin	19.0%	9.3%	6.5%	2.9%	9.6%	3.2%	9.9%	0.8%

Basic EPS	$0.29	$0.12	$0.09	$0.04	$0.13	$0.04	$0.12	$0.01
Diluted EPS	$0.29	$0.12	$0.09	$0.04	$0.13	$0.04	$0.12	$0.01

Shares outstanding (basic)	23.9	23.9	23.9	23.9	23.5	23.4	23.0	22.1
Shares outstanding (diluted)	24.0	24.0	24.0	24.0	23.5	23.4	23.0	22.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.