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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Loans, including fees $ 29,501 $ 21,633 $ 23,167
Investment securities:      
Investment securities, taxable 10,743 5,984 3,152
Investment securities, non-taxable 1,324 1,524 1,148
Equity securities 20 20 20
Interest-earning deposits with banks and federal funds sold 4,131 2,401 144
Total interest income 45,719 31,562 27,631
Interest Expense      
Interest checking and money market accounts 6,124 1,892 401
Savings deposits 434 119 65
Time deposits, $250,000 and over 2,333 253 81
Other time deposits 2,755 199 192
Short-term borrowed funds 46 10 3
Long-term debt 1,331 1,349 800
Total interest expense 13,023 3,822 1,542
Net interest income 32,696 27,740 26,089
Provision for (recovery of) credit losses 1,480 (1,759) (917)
Net interest income after provision for (recovery of) credit losses 31,216 29,499 27,006
Noninterest Income      
Service charges on deposit accounts 1,056 1,041 995
Other service fees and commissions 3,443 3,238 3,061
Interchange and card transaction fees, net 1,252 1,232 1,181
Gain (loss) on sale of securities (42) (91) 991
Realized/unrealized gain (loss) on equity securities 10 (100) (31)
Income from mortgage banking 3,159 3,409 11,294
Income from bank owned life insurance 140 1,134 129
Supplemental executive retirement plan gain (loss) (90) (244) 942
Other income 540 514 370
Total noninterest income 9,468 10,133 18,932
Noninterest Expense      
Salaries and employee benefits 19,306 19,655 21,637
Net occupancy expense 1,783 1,681 1,738
Equipment expense 788 764 754
Data processing costs 733 816 680
Loan costs 424 443 803
Professional fees and services 964 868 955
Marketing and donations 1,298 1,307 1,306
Electronic banking expense 563 477 393
Software amortization and maintenance 1,247 1,236 1,380
FDIC insurance 475 295 228
Supplemental executive retirement plan gain (loss) (90) (244) 942
Other noninterest expense 2,429 2,380 2,276
Total noninterest expense 29,920 29,678 33,092
Income before income taxes 10,764 9,954 12,846
Income taxes 2,168 1,705 2,763
Net income 8,596 8,249 10,083
Less: Net income attributable to noncontrolling interest (565) (565) (565)
Net income attributable to Uwharrie Capital Corp and common shareholders $ 8,031 $ 7,684 $ 9,518
Net income per common share      
Basic $ 1.12 $ 1.06 $ 1.27
Diluted $ 1.12 $ 1.06 $ 1.27
Weighted average common shares outstanding      
Basic 7,197,496 7,246,850 7,506,065
Diluted 7,197,496 7,246,850 7,506,065