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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Loans, including fees $ 6,062 $ 4,553
Investment securities    
U.S. Treasury   33
U.S. Government agencies and corporations 455 369
State and political subdivisions, non-taxable 253 99
State and political subdivisions, taxable 371 90
Interest-earning deposits with banks and federal funds sold 16 552
Total interest income 7,157 5,696
Interest Expense    
Interest checking and money market accounts 91 298
Savings deposits 15 21
Time deposits, $250,000 and over 29 256
Other time deposits 76 153
Short-term borrowed funds 1 1
Long-term debt 136 131
Total interest expense 348 860
Net interest income 6,809 4,836
Provision for (recovery of) loan losses (34) 632
Net interest income after provision for (recovery of) loan losses 6,843 4,204
Noninterest Income    
Service charges on deposit accounts 242 313
Gain on sale of securities 940 58
Realized/unrealized gain (loss) on equity securities (19) 231
Income from mortgage banking 5,106 1,065
Other income (expense) (11) 382
Total noninterest income 7,107 3,006
Noninterest Expense    
Salaries and employee benefits 5,389 4,424
Net occupancy expense 426 415
Equipment expense 172 183
Data processing costs 165 158
Loan costs 306 87
Foreclosed real estate expense   (7)
Professional fees and services 236 194
Marketing and donations 621 219
Electronic banking expense 89 105
Software amortization and maintenance 390 264
FDIC insurance 71 17
Other noninterest expense 280 738
Total noninterest expense 8,145 6,797
Income before income taxes 5,805 413
Income taxes 1,222 85
Net income 4,583 328
Less: net income attributable to noncontrolling interest (139) (141)
Net income attributable to Uwharrie Capital Corp and common shareholders $ 4,444 $ 187
Net income per common share    
Basic $ 0.63 $ 0.03
Diluted $ 0.63 $ 0.03
Weighted average shares outstanding    
Basic 7,050,790 7,209,107
Diluted 7,050,790 7,209,107
Interchange and Card Transaction Fees, Net [Member]    
Noninterest Income    
Noninterest income fees $ 219 $ 192
Other Services and Commissions [Member]    
Noninterest Income    
Noninterest income fees $ 630 $ 765