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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 7,407 $ 5,357
Interest-earning deposits with banks 56,027 109,224
Cash and cash equivalents 63,434 114,581
Securities available for sale, at fair value (amortized cost $369,301 and $365,936, respectively) 336,714 324,683
Securities held to maturity, at amortized cost (fair value $25,736 and $27,178, respectively) 28,600 30,306
Less allowance for credit losses on securities held to maturity (56)  
Net securities held to maturity 28,544 30,306
Equity securities, at fair value 302 292
Loans held for sale 4,695 2,774
Loans held for investment 592,071 497,889
Less allowance for credit losses on loans (5,561) (2,290)
Net loans held for investment 586,510 495,599
Premises and equipment, net 15,089 14,735
Interest receivable 4,393 3,633
Restricted stock 1,672 1,428
Bank owned life insurance 7,793 7,652
Deferred income tax benefit 8,910 10,726
Loan servicing assets 4,287 4,931
Mortgage banking derivatives 852  
Other assets 9,396 8,150
Total assets 1,072,591 1,019,490
Deposits:    
Demand noninterest-bearing 269,998 261,882
Interest checking and money market accounts 417,318 486,548
Savings deposits 101,193 104,301
Time deposits, $250,000 and over 78,046 35,979
Other time deposits 115,158 51,146
Total deposits 981,713 939,856
Short-term borrowed funds 1,379 1,044
Long-term debt 29,104 29,607
Mortgage banking derivatives 288 175
Other liabilities 10,666 11,411
Total liabilities 1,023,150 982,093
Off balance sheet items, commitments and contingencies (Note 13)
SHAREHOLDERS’ EQUITY    
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 7,124,438 and 7,075,125, at December 31, 2023 and 2022, respectively 8,905 8,844
Additional paid-in capital 12,876 12,633
Undivided profits 42,105 37,030
Accumulated other comprehensive loss (25,100) (31,765)
Total Uwharrie Capital Corp shareholders' equity 38,786 26,742
Noncontrolling interest 10,655 10,655
Total shareholders’ equity 49,441 37,397
Total liabilities and shareholders’ equity $ 1,072,591 $ 1,019,490