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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest Income      
Loans, including fees $ 38,372 $ 29,501 $ 21,633
Investment securities:      
Investment securities, taxable 11,866 10,743 5,984
Investment securities, non-taxable 1,234 1,324 1,524
Equity securities 20 20 20
Interest-earning deposits with banks and federal funds sold 3,231 4,131 2,401
Total interest income 54,723 45,719 31,562
Interest Expense      
Interest checking and money market accounts 6,723 6,124 1,892
Savings deposits 550 434 119
Time deposits, $250,000 and over 4,893 2,333 253
Other time deposits 5,085 2,755 199
Short-term borrowed funds 220 46 10
Long-term debt 1,327 1,331 1,349
Total interest expense 18,798 13,023 3,822
Net interest income 35,925 32,696 27,740
Provision for (recovery of) credit losses      
Loans 533 1,495 (1,759)
Securities held to maturity 12 (15)  
Unfunded loan commitments (17) 34  
Total provision for (recovery of) credit losses 528 1,514 (1,759)
Net interest income after provision for (recovery of) credit losses 35,397 31,182 29,499
Noninterest Income      
Service charges on deposit accounts 1,091 1,056 1,041
Other service fees and commissions 3,803 3,443 3,238
Interchange and card transaction fees, net 1,193 1,252 1,232
Loss on sale/call of securities (148) (42) (91)
Realized/unrealized gain (loss) on equity securities 32 10 (100)
Income from mortgage banking 2,781 3,159 3,409
Income from bank owned life insurance 146 140 1,134
Supplemental executive retirement plan gain (loss) 338 (90) (244)
Other income 500 540 514
Total noninterest income 9,736 9,468 10,133
Noninterest Expense      
Salaries and employee benefits 20,806 19,306 19,655
Net occupancy expense 1,793 1,783 1,681
Equipment expense 849 788 764
Data processing costs 851 733 816
Loan costs 146 390 443
Professional fees and services 1,079 964 868
Marketing and donations 1,499 1,298 1,307
Electronic banking expense 426 563 477
Software amortization and maintenance 1,349 1,247 1,236
FDIC insurance 563 475 295
Supplemental executive retirement plan gain (loss) 338 (90) (244)
Other noninterest expense 2,675 2,429 2,380
Total noninterest expense 32,374 29,886 29,678
Income before income taxes 12,759 10,764 9,954
Income taxes 2,851 2,168 1,705
Net income 9,908 8,596 8,249
Less: Net income attributable to noncontrolling interest (566) (565) (565)
Net income attributable to Uwharrie Capital Corp and common shareholders $ 9,342 $ 8,031 $ 7,684
Net income per common share      
Basic $ 1.30 $ 1.09 $ 1.04
Diluted $ 1.3 $ 1.09 $ 1.04
Weighted average common shares outstanding      
Basic 7,188,026 7,341,446 7,391,787
Diluted 7,188,026 7,341,446 7,391,787