Parent Company Financial Data

12 Months Ended

Dec. 31, 2017

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,
	2017		2016
	(dollars in thousands)
Assets
Cash and demand deposits	$	379	$	269
Interest-earning deposits		1,752		2,161
Investments in:
Bank subsidiaries		41,997		41,358
Nonbank subsidiaries		376		494
Other assets		1,440		1,316
Total assets	$	45,944	$	45,598
Liabilities and shareholders’ equity
Master notes	$	1,752	$	2,162
Short term debt		—		500
Junior subordinated debentures		9,534		9,534
Other liabilities		768		501
Total liabilities		12,054		12,697
Shareholders’ equity		33,890		32,901
Total liabilities and shareholders’ equity	$	45,944	$	45,598

Note 19 - Parent Company Financial Data (Continued)

Condensed Statements of Income

	2017			2016			2015
	(dollars in thousands)
Equity in undistributed earnings (loss) of subsidiaries	$	745		$	375		$	2,760
Dividends received from subsidiaries		1,500			2,500			—
Interest income		6			6			8
Other income		93			77			81
Interest expense		(564	)		(585	)		(612	)
Other operating expense		(436	)		(445	)		(555	)
Income tax benefit		267			283			325
Net income	$	1,611		$	2,211		$	2,007
Consolidated net income	$	1,611		$	2,211		$	2,007
Less: Net income attributable to noncontrolling interest		(592	)		(593	)		(592	)
Net income attributable to Uwharrie Capital Corp		1,019			1,618			1,415
Net Income (loss) available to common shareholders	$	1,019		$	1,618		$	1,415
Net income (loss) per common share
Basic	$	0.14		$	0.22		$	0.19
Diluted	$	0.14		$	0.22		$	0.19
Weighted average shares outstanding
Basic		7,138,635			7,238,908			7,337,586
Diluted		7,139,373			7,239,014			7,337,586

Condensed Statements of Cash Flows

	2017			2016			2015
	(dollars in thousands)
Cash flows from operating activities
Net income	$	1,611		$	2,211		$	2,007
Adjustments to reconcile net income to net cash used by operating    activities:
Equity in undistributed (earnings) loss of subsidiaries		(745	)		(375	)		(2,760	)
(Increase) decrease in other assets		(124	)		26			(228	)
Increase (decrease) in other liabilities		267			338			14
Net cash provided (used) by operating activities		1,009			2,200			(967	)
Cash flows from financing activities
Net decrease in master notes		(410	)		(1,234	)		(278	)
Net (decrease) in short-term debt		(500	)		(1,850	)		1,350
Net repayments of issuance of junior subordinated debentures		—			—			—
Repurchase of common stock, net		(391	)		(322	)		(429	)
Cash paid for fractional shares		(7	)		(6	)		(5	)
Net cash used by financing activities		(1,308	)		(3,412	)		638
Net decrease in cash and cash equivalents		(299	)		(1,212	)		(329	)
Cash and cash equivalents at beginning of year		2,430			3,642			3,971
Cash and cash equivalents at end of year	$	2,131		$	2,430		$	3,642