8-K 1 d809116d8k.htm FORM 8-K Form 8-K








Form 8-K




Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 21, 2014




(Exact name of Registrant as specified in charter)




North Carolina   000-22062   56-1814206

(State or other Jurisdiction

of Incorporation



File No.)


(I.R.S. Employer

Identification No)


132 North First Street

Albemarle, North Carolina

(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code 704-983-6181


(Former Name or former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


  ¨ Soliciting material pursuant to rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 2.02 Results of Operations and Financial Condition

On October 21, 2014, Uwharrie Capital Corp (the “Registrant”) announced financial results for the quarter ended September 30, 2014. The Registrant reported consolidated total assets of $517.0 million at September 30, 2014.

Net income for the nine-month period ended September 30, 2014, was $1.53 million versus $1.14 million for the same period in 2013, a 35% improvement. For the nine months, ended September 30, 2014, net income available to common shareholders was $1.09 million or $0.15 per share compared to $520 thousand or $0.07 per share for September 30, 2013, a 110% improvement. Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.

Net income for the three-month period ended September 30, 2014 was $399 thousand versus $218 thousand for the same period in 2013, an 83% improvement. Three months ended September 30, 2014, net income available to common shareholders was $250 thousand or $0.03 per share versus $43 thousand for the three months ended September 30, 2013.

A copy of the press release (the “Press Release”) announcing the Registrant’s results is attached as Exhibit 99.1 and incorporated by reference herein.

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of the Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Registrant’s control).


Item 9.01 Financial Statements and Exhibits

(d) Exhibits






99.1    Press Release dated October 21, 2014 regarding the “Registrants” results of operations for the second quarter ended September 30, 2014


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



/s/ R. David Beaver, III

  R. David Beaver, III
  Principal Financial Officer

Dated: October 21, 2014





Description of Exhibit

99.1    Press release dated October 21, 2014