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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 11,446 $ 7,407
Interest-earning deposits with banks 51,203 56,027
Cash and cash equivalents 62,649 63,434
Securities available for sale, at fair value (amortized cost $372,479 and $369,301 respectively) 338,447 336,714
Securities held to maturity, at amortized cost (fair value $25,583 and $25,736 respectively) 28,430 28,600
Less allowance for credit losses on securities held to maturity (66) (56)
Net securities held to maturity 28,364 28,544
Equity securities, at fair value 343 302
Loans held for sale 5,299 4,695
Loans held for investment 613,808 592,071
Less allowance for credit losses on loans (5,523) (5,561)
Net loans held for investment 608,285 586,510
Premises and equipment, net 14,894 15,089
Interest receivable 4,765 4,393
Restricted stock 1,709 1,672
Bank-owned life insurance 7,828 7,793
Deferred income tax benefit 9,034 8,910
Loan servicing assets 4,180 4,287
Mortgage banking derivatives 1,091 852
Other assets 9,778 9,396
Total assets 1,096,666 1,072,591
Deposits:    
Demand noninterest-bearing 284,856 269,998
Interest checking and money market accounts 407,211 417,318
Savings deposits 100,093 101,193
Time deposits, $250,000 and over 86,047 78,046
Other time deposits 121,616 115,158
Total deposits 999,823 981,713
Short-term borrowed funds 6,290 1,379
Long-term debt 29,123 29,104
Mortgage banking derivatives 56 288
Other liabilities 10,971 10,666
Total liabilities 1,046,263 1,023,150
Off balance sheet items, commitments and contingencies (Note 9)
SHAREHOLDERS’ EQUITY    
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 7,103,003 and 7,124,438 at March 31, 2024 and December 31, 2023, respectively 8,879 8,905
Additional paid-in capital 12,735 12,876
Undivided profits 44,347 42,105
Accumulated other comprehensive loss (26,213) (25,100)
Total Uwharrie Capital Corp shareholders’ equity 39,748 38,786
Noncontrolling interest 10,655 10,655
Total shareholders’ equity 50,403 49,441
Total liabilities and shareholders’ equity $ 1,096,666 $ 1,072,591