8-K

UNITED STATES

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) August 12, 2009

UWHARRIE CAPITAL CORP

(Exact name of Registrant as specified in charter)

North Carolina	000-22062	56-1814206
(State or other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No)

132 North First Street Albemarle, North Carolina	28001
(Address of Principal Executive Offices)	(Zip Code)

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

N/A

(Former Name or former Address, if Changed Since Last Report)

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 August 12, 2009, Uwharrie Capital Corp (the “Registrant”) announced financial results for the quarter ended June 30, 2009. For the second quarter of 2009, the Registrant reported unaudited earnings of $463 thousand available to common shareholders compared to $772 for this period in 2008. A copy of the press release (the “Press Release”) announcing the Registrant’s results for the second quarter ended June 30, 2009 is attached as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated August 12, 2009 regarding the “Registrants” results of operations for the second quarter ended June 30, 2009.

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 the 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 the 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 the 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/    Robert O. Bratton
	Robert O. Bratton
	Principal Financial Officer

Dated: August 12, 2009

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press release dated August 12, 2009

EX-99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

FROM: Christy Stoner

Uwharrie Capital Corp

704-991-1138

DATE: August 12, 2009

Uwharrie Capital Corp and its subsidiary banks, Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust reported earnings before non-recurring items of $1.823 million for the six month period ended June 30, 2009 compared to $ 1.547 million for the same period last year. Net income available to shareholders was $1.206 million for the six month period. Net income available to shareholders at the end of the second quarter was $463 thousand compared to $772 thousand available to shareholders at June 30, 2008. Net income available to shareholders for second quarter and year to date 2009 takes into consideration the payment of dividends on preferred stock issued by the Company and all non-recurring expenses.

At June 30, 2009, assets were $463.8 million up 9.3% compared to assets of $424.2 million at June 30, 2008. For the 12 months ending June 30, 2009, loans increased $8.0 million or 2.4% and total deposits increased $36.7 million or 10.9%. The Company’s capital ratios remain solid with total risk based capital at 14.6% as of June 30, 2009. Uwharrie Capital Corp and all subsidiary banks remain “Well Capitalized” as defined by regulators.

“We remain focused on the basics of our long-term strategy of building long-standing relationships, providing personal service to our customers, supporting our communities and make available credit to help our local economies grow and prosper,” commented Roger L. Dick, Chief Executive Officer and President.