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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Loans, including fees $ 4,025 $ 3,936 $ 11,820 $ 11,784
Investment securities        
US Treasury 11 33 34 184
US Government agencies and corporations 313 331 939 991
State and political subdivisions 125 121 375 290
Interest-earning deposits with banks and federal funds sold 78 47 236 126
Total interest income 4,552 4,468 13,404 13,375
Interest Expense        
Interest checking and money market accounts 82 69 229 207
Savings deposits 12 12 35 33
Time deposits, $250,000 and over 14 25 44 49
Other time deposits 59 176 255 586
Short-term borrowed funds 3 17 32 44
Long-term debt 139 139 412 411
Total interest expense 309 438 1,007 1,330
Net interest income 4,243 4,030 12,397 12,045
Provision for (recovery of) loan losses 240 (323) 70 (620)
Net interest income after provision (recovery of) for loan losses 4,003 4,353 12,327 12,665
Noninterest Income        
Service charges on deposit accounts 309 338 904 979
Other service fees and commissions 1,055 1,040 3,330 3,055
Gain/(loss) on sale of securities (includes reclassification of $2,000 $0, $544,000 and $502,000 from accumulated other comprehensive income) 2   544 502
Gain (loss) on fixed assets and other assets (1) 5 (3)  
Income from mortgage loan sales 1,111 706 2,769 1,699
Other income 117 161 389 309
Total noninterest income 2,593 2,250 7,933 6,544
Noninterest Expense        
Salaries and employee benefits 3,626 3,460 10,792 9,778
Net occupancy expense 327 272 850 824
Equipment expense 159 184 488 524
Data processing costs 161 194 529 553
Office supplies and printing 34 58 117 160
Foreclosed real estate expense 29 144 204 418
Professional fees and services 171 173 541 457
Marketing and donations 224 221 651 592
Electronic banking expense 303 265 884 775
Software amortization and maintenance 174 142 508 426
FDIC insurance 86 85 257 284
Other noninterest expense 534 621 1,934 1,761
Total noninterest expense 5,828 5,819 17,755 16,552
Income before income taxes 768 784 2,505 2,657
Income taxes (includes reclassification $1,000, $0, $210,000 and $194,000 from accumulated other comprehensive income) 228 223 745 799
Net income 540 561 1,760 1,858
Less: net income attributable to noncontrolling Interest (149) (149) (444) (442)
Net income attributable to Uwharrie Capital Corp 391 412 1,316 1,416
Dividends – preferred stock 0 0 0 0
Net income (loss) available to common shareholders $ 391 $ 412 $ 1,316 $ 1,416
Net income (loss) per common share        
Basic $ 0.06 $ 0.06 $ 0.19 $ 0.20
Diluted $ 0.06 $ 0.06 $ 0.19 $ 0.20
Weighted average shares outstanding        
Basic 7,095,112 7,174,221 7,111,733 7,212,308
Diluted 7,095,112 7,174,221 7,111,733 7,212,308