Parent Company Financial Data

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Financial Data

Note 19 - Parent Company Financial Data

The following is a summary of the condensed financial statements of Uwharrie Capital Corp:

Condensed Balance Sheets

	December 31,
	2016		2015
	(dollars in thousands)
Assets
Cash and demand deposits	$	269	$	246
Interest-earning deposits		2,161		3,396
Investments in:
Bank subsidiaries		41,358		42,528
Nonbank subsidiaries		494		648
Other assets		1,316		1,342
Total assets	$	45,598	$	48,160
Liabilities and shareholders’ equity
Master notes	$	2,162	$	3,396
Short term debt		500		2,350
Junior subordinated debentures		9,534		9,534
Other liabilities		501		163
Total liabilities		12,697		15,443
Shareholders’ equity		32,901		32,717
Total liabilities and shareholders’ equity	$	45,598	$	48,160

Note 19 - Parent Company Financial Data (Continued)

Condensed Statements of Income

	2016			2015			2014
	(dollars in thousands)
Equity in undistributed earnings (loss) of subsidiaries	$	375		$	2,760		$	1,456
Dividends received from subsidiaries		2,500			—			1,000
Interest income		6			8			11
Other income		77			81			87
Interest expense		(585	)		(612	)		(583	)
Other operating expense		(445	)		(555	)		(624	)
Income tax benefit		283			325			332
Net income	$	2,211		$	2,007		$	1,679
Consolidated net income	$	2,211		$	2,007		$	1,679
Less: Net income attributable to noncontrolling interest		(593	)		(592	)		(591	)
Net income attributable to Uwharrie Capital Corp		1,618			1,415			1,088
Net Income (loss) available to common shareholders	$	1,618		$	1,415		$	1,088
Net income (loss) per common share
Basic	$	0.23		$	0.20		$	0.14
Diluted	$	0.23		$	0.20		$	0.14
Weighted average shares outstanding
Basic		7,096,969			7,193,712			7,595,948
Diluted		7,097,075			7,193,712			7,595,948

Condensed Statements of Cash Flows

	2016			2015			2014
	(dollars in thousands)
Cash flows from operating activities
Net income	$	2,211		$	2,007		$	1,679
Adjustments to reconcile net income to net cash used by operating    activities:
Equity in undistributed (earnings) loss of subsidiaries		(375	)		(2,760	)		(1,456	)
(Increase) decrease in other assets		26			(228	)		136
Increase (decrease) in other liabilities		338			14			78
Net cash provided (used) by operating activities		2,200			(967	)		437
Cash flows from financing activities
Net decrease in master notes		(1,234	)		(278	)		(324	)
Net increase in short-term debt		(1,850	)		1,350			1,000
Net repayments of issuance of junior subordinated debentures		—			—			(1,593	)
Repurchase of common stock, net		(322	)		(429	)		(1,401	)
Cash paid for fractional shares		(6	)		(5	)		(4	)
Net cash used by financing activities		(3,412	)		638			(2,322	)
Net decrease in cash and cash equivalents		(1,212	)		(329	)		(1,885	)
Cash and cash equivalents at beginning of year		3,642			3,971			5,856
Cash and cash equivalents at end of year	$	2,430		$	3,642		$	3,971