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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Loans, including fees $ 5,335 $ 5,031 $ 11,397 $ 9,584
Investment securities        
U.S. Treasury   33   66
U.S. Government agencies and corporations 397 357 852 726
State and political subdivisions, non-taxable 231 195 484 294
State and political subdivisions, taxable 284 179 655 269
Equity Securities 10   10  
Interest-earning deposits with banks and federal funds sold 27 38 43 590
Total interest income 6,284 5,833 13,441 11,529
Interest Expense        
Interest checking and money market accounts 96 180 187 478
Savings deposits 15 14 30 35
Time deposits, $250,000 and over 17 44 46 300
Other time deposits 47 134 123 287
Short-term borrowed funds 1 1 2 2
Long-term debt 132 144 268 275
Total interest expense 308 517 656 1,377
Net interest income 5,976 5,316 12,785 10,152
Provision for (recovery of) loan losses (141) 767 (175) 1,399
Net interest income after provision for (recovery of) loan losses 6,117 4,549 12,960 8,753
Noninterest Income        
Service charges on deposit accounts 240 209 482 522
Gain on sale of securities 51   991 58
Realized/unrealized gain (loss) on equity securities 7 102 (12) 333
Income from mortgage banking 2,069 3,701 7,175 4,766
Other income (expense) 668 (324) 657 58
Total noninterest income 4,174 4,428 11,281 7,434
Noninterest Expense        
Salaries and employee benefits 5,233 5,030 10,622 9,454
Net occupancy expense 460 416 886 831
Equipment expense 165 179 337 362
Data processing costs 165 162 330 320
Loan costs 191 167 497 254
Professional fees and services 232 209 468 403
Marketing and donations 200 192 821 411
Electronic banking expense 95 121 184 226
Software amortization and maintenance 333 300 723 564
FDIC insurance 37 91 108 108
Other noninterest expense 1,141 79 1,421 810
Total noninterest expense 8,252 6,946 16,397 13,743
Income before income taxes 2,039 2,031 7,844 2,444
Income taxes 435 429 1,657 514
Net income 1,604 1,602 6,187 1,930
Less: net income attributable to noncontrolling interest (141) (141) (280) (282)
Net income attributable to Uwharrie Capital Corp and common shareholders $ 1,463 $ 1,461 $ 5,907 $ 1,648
Net income per common share        
Basic $ 0.21 $ 0.21 $ 0.84 $ 0.23
Diluted $ 0.21 $ 0.21 $ 0.84 $ 0.23
Weighted average shares outstanding        
Basic 7,014,214 7,123,163 7,032,401 7,166,134
Diluted 7,014,214 7,123,163 7,032,401 7,166,134
Interchange and Card Transaction Fees, Net [Member]        
Noninterest Income        
Noninterest income fees $ 339 $ 182 $ 558 $ 374
Other Services and Commissions [Member]        
Noninterest Income        
Noninterest income fees $ 800 $ 558 $ 1,430 $ 1,323