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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 7,339 $ 5,357
Interest-earning deposits with banks 110,039 109,224
Cash and cash equivalents 117,378 114,581
Securities available for sale, at fair value (amortized cost $366,492 and $365,936, respectively) 331,154 324,683
Securities held to maturity, at amortized cost (fair value $26,596 and $27,178 respectively) 29,227 30,306
Less allowance for credit losses on securities held to maturity (63)  
Net securities held to maturity 29,164 30,306
Equity security, at fair value 326 292
Loans held for sale 4,089 2,774
Loans held for investment 516,394 497,889
Less allowance for credit losses on loans (4,596) (2,290)
Net loans held for investment 511,798 495,599
Premises and equipment, net 14,544 14,735
Interest receivable 3,837 3,633
Restricted stock 1,468 1,428
Bank-owned life insurance 7,686 7,652
Deferred income tax benefit 9,928 10,726
Loan servicing assets 4,746 4,931
Mortgage banking derivatives 374  
Other assets 8,920 8,150
Total assets 1,045,412 1,019,490
Deposits:    
Demand noninterest-bearing 279,097 261,882
Interest checking and money market accounts 457,121 486,548
Savings deposits 101,625 104,301
Time deposits, $250,000 and over 54,133 35,979
Other time deposits 68,822 51,146
Total deposits 960,798 939,856
Short-term borrowed funds 982 1,044
Long-term debt 29,376 29,607
Mortgage banking derivatives 166 175
Other liabilities 12,247 11,411
Total liabilities 1,003,569 982,093
Off balance sheet items, commitments and contingencies (Note 10)
SHAREHOLDERS’ EQUITY    
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 7,075,125 at March 31, 2023 and December 31, 2022 8,844 8,844
Additional paid-in capital 12,633 12,633
Undivided profits 36,930 37,030
Accumulated other comprehensive loss (27,219) (31,765)
Total Uwharrie Capital Corp shareholders’ equity 31,188 26,742
Noncontrolling interest 10,655 10,655
Total shareholders’ equity 41,843 37,397
Total liabilities and shareholders’ equity $ 1,045,412 $ 1,019,490