Parent Company Financial Data (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets

	December 31,
	2024		2023
	(dollars in thousands)
Assets
Cash and demand deposits	$	102	$	141
Interest-earning deposits		4,549		5,221
Equity securities		334		302
Investments in:
Bank subsidiaries		71,165		62,409
Nonbank subsidiaries		911		706
Other assets		838		850
Total assets	$	77,899	$	69,629
Liabilities and shareholders’ equity
Master notes	$	1,414	$	1,379
Long term debt		29,161		29,104
Other liabilities		300		360
Total liabilities		30,875		30,843
Shareholders’ equity		47,024		38,786
Total liabilities and shareholders’ equity	$	77,899	$	69,629

Note 17 - Parent Company Financial Data (Continued)

Condensed Statements of Income

Condensed Statements of Income

	2024			2023				2022
	(dollars in thousands)
Equity in undistributed earnings of subsidiaries	$	9,154		$	7,907			$	6,826
Dividends received from subsidiaries		2,000			2,000				2,750
Interest income		103			87				39
Other income		203			167				80
Interest expense		(1,386	)		(1,377	)			(1,359	)
Other operating expense		(497	)		(537	)			(440	)
Income tax benefit		331			349				353
Net income	$	9,908		$	8,596			$	8,249
Consolidated 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		9,342			8,031				7,684
Net income available to common shareholders	$	9,342		$	8,031			$	7,684
Net income per common share
Basic	$	1.30		$	1.09		$	$	1.04
Diluted	$	1.30		$	1.09		$	$	1.04
Weighted average shares outstanding
Basic		7,188,026			7,341,446				7,391,787
Diluted		7,188,026			7,341,446				7,391,787

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	2024			2023			2022
	(dollars in thousands)
Cash flows from operating activities
Net income	$	9,908		$	8,596		$	8,249
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(9,154	)		(7,907	)		(6,826	)
Realized/unrealized (gain) loss on equity securities		(32	)		(10	)		100
Amortization of debt issuance costs		77			77			77
(Increase) decrease in other assets		12			397			(307	)
Increase (decrease) in other liabilities		(60	)		(169	)		11
Net cash provided by operating activities		751			984			1,304
Cash flows from financing activities
Net increase (decrease) in master notes		35			335			(37	)
Net decrease in long-term debt		(20	)		(580	)		—
Repurchase of common stock, net		(1,467	)		(728	)		(451	)
Cash paid for fractional shares		(10	)		(9	)		(9	)
Net cash used by financing activities		(1,462	)		(982	)		(497	)
Net increase in cash and cash equivalents		(711	)		2			807
Cash and cash equivalents at beginning of year		5,362			5,360			4,553
Cash and cash equivalents at end of year	$	4,651		$	5,362		$	5,360