8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 28, 2008

UWHARRIE CAPITAL CORP

(Exact name of Registrant as specified in its charter)

NORTH CAROLINA	000-22062	56-1814206
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification number)

132 NORTH FIRST STREET, ALBEMARLE, NORTH CAROLINA 28001

(Address of principal executive offices)

Registrant’s telephone number, including area code (704) 983-6181

N/A

(Former address of principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 28, 2008, Uwharrie Capital Corp (the “Registrant”) announced financial results for the quarter ended June 30, 2008. For the second quarter of 2008, the Registrant reported unaudited earnings of $772 thousand compared to unaudited earnings of $717 thousand for the prior year, an increase of 7.7%. A copy of the press release (the “Press Release”) announcing the Registrant’s results for the second quarter ended June 30, 2008 is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibit No.	Description of Exhibit
99.1	Press Release dated July 28, 2008 regarding the Registrant’s results of operations for the second quarter ended June 30, 2008.

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’s control).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UWHARRIE CAPITAL CORP
By:	/s/ Barbara S. Williams
	Barbara S. Williams
	Principal Financial Officer

Dated: July 28, 2008

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release dated July 28, 2008

EX-99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

FROM:	Christy Stoner
	Uwharrie Capital Corp
	704-991-1138
DATE:	July 28, 2008

ALBEMARLE, N.C. – Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust, reported second quarter earnings of $772 thousand up from $717, thousand which represents an increase of 7.7% for the same period last year. For the six months ending June 30, 2008, earnings are $1.547 million compared to $1.375 million for the first six months of 2007, representing a 12.5% increase.

Total assets ended the quarter at $424 million, up from $394 million, June 30, 2007, representing a 7.6% increase. The Company continues to increase non-interest income, which exceeded $3.7 million to date through June 30, representing a 23.9% increase over the prior year. Contributing significantly to the growth in non-interest income were wealth management services and mortgage origination fees.

Roger L. Dick, Chief Executive Officer, said, “We are pleased with the results achieved so far. Obviously 2008 has been a turbulent year for financial institutions. However, it is important that our customers and shareholders know that we have been prudent lenders with sound lending practices since our inception almost twenty-five years ago. While we have a diverse loan portfolio, our banks have not participated in the sub-prime residential real estate market. We have an experienced management team in place, good liquidity, and a strong capital base. Management and the Board are working diligently to limit the effect of current economic circumstances on the Company and we are confident that we will be well-positioned as our economy improves. ”

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