Preheat oven to 350 degrees F (175 degrees C). Grease a 9x5 inch loaf pan.
In a medium bowl, stir together the flour, baking powder and salt; set aside.
In a large bowl, cream together the butter and sugar until light and fluffy. Beat in the eggs one at a time, then stir in the peanut butter and milk. Beat in the flour mixture until just blended.
Spread batter evenly into the prepared pan and sprinkle with chopped peanuts. Bake for 45 minutes in the preheated oven, or until a toothpick inserted into the center of the loaf comes out clean.
Cool in the pan for 10 minutes before removing to a wire rack to cool completely.
Interesting Facts
Peanut Butter Loaf is a great way to use up extra peanut butter.
Adding chopped peanuts to the top of the loaf adds a nice extra crunch!
It can double as a breakfast bread too, just add a little extra sugar.