10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2015

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     .

COMMISSION FILE NUMBER 000-22062

UWHARRIE CAPITAL CORP

(Exact name of registrant as specified in its charter)

NORTH CAROLINA	56-1814206
(State or Other Jurisdiction of Incorporation or Organization)	(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, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

    Yes   x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ¨  Yes    x  No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date: 6,948,379 shares of common stock outstanding as of April 30, 2015.

Table of Contents

	Page No.
Part I. FINANCIAL INFORMATION
Item 1 — Financial Statements (Unaudited)
Consolidated Balance Sheets March 31, 2015 and December 31, 2014	3
Consolidated Statements of Income for the Three Months Ended March 31, 2015 and 2014	4
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2015 and 2014	5
Consolidated Statements of Changes in Shareholders’ Equity Three Months Ended March 31, 2015	6
Consolidated Statements of Cash Flows Three Months Ended March 31, 2015 and 2014	7
Notes to Consolidated Financial Statements	8
Item 2 —  Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3 — Quantitative and Qualitative Disclosures about Market Risk	37
Item 4 — Controls and Procedures	38
Part II. OTHER INFORMATION
Item 1 — Legal Proceedings	38
Item 1A — Risk Factors	38
Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds	39
Item 3 — Defaults Upon Senior Securities	39
Item 4 — Mine Safety Disclosures	39
Item 5 — Other Information	38
Item 6 — Exhibits	39
Exhibit Index	43

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Uwharrie Capital Corp and Subsidiaries

Consolidated Balance Sheets

Part I. FINANCIAL INFORMATION

Item 1 — Financial Statements

	March 31, 2015 (Unaudited)			December 31, 2014*
	(dollars in thousands)
ASSETS
Cash and due from banks	$	4,707		$	6,807
Interest-earning deposits with banks		49,325			43,984
Securities available for sale, at fair value		105,530			112,824
Securities held to maturity, at amortized cost (fair value $11,473 and $5,450, respectively)		11,466			5,496
Loans held for sale		401			2,147
Loans:
Loans held for investment		308,633			310,853
Less allowance for loan losses		(3,729	)		(3,738	)
Net loans held for investment		304,904			307,115
Premises and equipment, net		14,693			14,858
Interest receivable		1,542			1,747
Restricted stock		1,039			1,038
Bank owned life insurance		6,675			6,645
Other real estate owned		5,236			5,865
Prepaid assets		835			969
Other assets		8,793			8,969
Total assets	$	515,146		$	518,464
LIABILITIES
Deposits:
Demand noninterest-bearing	$	86,520		$	80,069
Interest checking and money market accounts		234,600			243,116
Savings deposits		38,758			39,091
Time deposits, $250,000 and over		9,883			9,865
Other time deposits		82,090			84,294
Total deposits		451,851			456,435
Short-term borrowed funds		4,790			4,685
Long-term debt		9,556			9,558
Interest payable		181			180
Other liabilities		5,272			4,783
Total liabilities		471,650			475,641
Off balance sheet items, commitments and contingencies (Note 9)
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) (Note 4)		628			561
SHAREHOLDERS’ EQUITY
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 6,948,379 and 6,961,484		8,685			8,702
Additional paid-in capital		11,620			11,712
Undivided profits		11,465			10,974
Accumulated other comprehensive income		522			305
Total Uwharrie Capital shareholders’ equity		32,292			31,693
Noncontrolling interest		10,576			10,569
Total shareholders’ equity		42,868			42,262
Total liabilities and shareholders’ equity	$	515,146		$	518,464

(*) Derived from audited consolidated financial statements

See accompanying notes

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Uwharrie Capital Corp and Subsidiaries

Consolidated Statements of Income (Unaudited)

	Three Months Ended March 31,
	2015			2014
	(in thousands, except share and per share data)
Interest Income
Loans, including fees	$	3,910		$	4,059
Investment securities
US Treasury		84			93
US Government agencies and corporations		333			317
State and political subdivisions		82			65
Interest-earning deposits with banks and federal funds sold		37			45
Total Interest income		4,446			4,579
Interest Expense
Interest checking and money market accounts		70			85
Savings deposits		11			25
Time deposits, $250,000 and over		11			12
Other time deposits		207			251
Short-term borrowed funds		12			18
Long-term debt		135			157
Total interest expense		446			548
Net interest income		4,000			4,031
Provision for (recovery of) loan losses		(62	)		(424	)
Net interest income after provision for (recovery of) loan losses		4,062			4,455
Noninterest Income
Service charges on deposit accounts		330			378
Other service fees and commissions		982			937
Gain on sale of securities (includes reclassification of $225,000 and $21,000 from accumulated other comprehensive income)		225			21
Gain (loss) on sale of other assets		(22	)		1
Income from mortgage loan sales		501			162
Other income		57			97
Total noninterest income		2,073			1,596
Noninterest Expense
Salaries and employee benefits		3,092			3,006
Net occupancy expense		284			286
Equipment expense		167			170
Data processing costs		176			179
Office supplies and printing		49			65
Foreclosed real estate expense		119			228
Professional fees and services		151			157
Marketing and donations		193			146
Electronic banking expense		251			239
Software amortization and maintenance		150			118
FDIC insurance		102			112
Other noninterest expense		491			540
Total noninterest expenses		5,225			5,246
Income before income taxes		910			805
Income taxes (includes reclassification of $87,000 and $8,000 from accumulated other comprehensive income)		273			268
Net income	$	637		$	537
Net income	$	637		$	537
Less: Net Income attributable to noncontrolling interest		(146	)		(146	)
Net income attributable to Uwharrie Capital		491			391
Dividends — preferred stock		—			—
Net income available to common shareholders	$	491		$	391
Net income per common share
Basic	$	0.07		$	0.05
Diluted		0.07			0.05
Weighted average common shares outstanding
Basic		6,961,338			7,334,426
Diluted		6,961,338			7,334,426

See accompanying notes

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UWHARRIE CAPITAL CORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended March 31,
	2015			2014
	(in thousands)
Net Income	$	637		$	537
Unrealized gain on available for sale securities		554			518
Related tax effect		(199	)		(177	)
Reclassification of gain recognized in net income		(225	)		(21	)
Related tax effect		87			8
Total other comprehensive income		217			328
Comprehensive income		854			865
Less: Comprehensive income attributable to noncontrolling interest		(146	)		(146	)
Comprehensive income attributable to Uwharrie Capital	$	708		$	719

See accompanying notes

-5-

Uwharrie Capital Corp and Subsidiaries

Consolidated Statement of Changes in Shareholders’ Equity (Unaudited)

	Number Common Shares Issued			Common Stock			Additional Paid-in Capital			Undivided Profits		Accumulated Other Comprehensive Income (Loss)		Non Controlling Interest			Total
	(dollars in thousands, except share data)
Balance, December 31, 2014		6,961,484		$	8,702		$	11,712		$	10,974	$	305	$	10,569		$	42,262
Net Income		—			—			—			491		—		146			637
Repurchase of common stock		(13,105	)		(17	)		(24	)		—		—		—			(41	)
Other comprehensive Income		—			—			—			—		217		—			217
Reclass to mezzanine capital		—			—			(68	)		—		—		—			(68	)
Record preferred stock dividend Series B (noncontrolling interest)		—			—			—			—		—		(103	)		(103	)
Record preferred stock dividend Series C (noncontrolling interest)		—			—			—			—		—		(36	)		(36	)
Balance, March 31, 2015		6,948,379		$	8,685		$	11,620		$	11,465	$	522	$	10,576		$	42,868

See accompanying notes

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Uwharrie Capital Corp and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Cash flows from operating activities
Net income	$	637		$	537
Adjustments to reconcile net income to net cash Provided (used) by operating activities:
Depreciation		239			218
Net amortization of security premiums/discounts AFS		307			231
Net amortization of security premiums/discounts HTM		33			—
Net amortization of mortgage servicing rights		166			170
Impairment of foreclosed real estate		45			9
Recovery of loan losses		(62	)		(424	)
Net realized gain on sales / calls available for sales securities		(225	)		(21	)
Income from mortgage loan sales		(501	)		(162	)
Proceeds from sales of loans held for sale		14,747			6,369
Origination of loans held for sale		(12,500	)		(5,432	)
Increase in cash surrender value of life insurance		(30	)		(41	)
Loss / (gain) on sales of foreclosed real estate		22			(1	)
Release and write-off of ESOP shares		—			30
Net change in interest receivable		205			96
Net change in other assets		48			360
Net change in interest payable		1			(31	)
Net change in other liabilities		489			264
Net cash provided by operating activities		3,621			2,172
Cash flows from investing activities
Proceeds from sales, maturities and calls of securities available for sale		11,953			1,849
Proceeds from sales, maturities and calls of securities held to maturity		31			—
Purchase of securities available for sale		(4,412	)		(12,790	)
Purchase of securities held to maturity		(6,034	)		—
Net decrease in loans		2,273			1,644
Purchase of premises and equipment		(74	)		(1,793	)
Proceeds from sales of foreclosed real estate		562			211
Investment in other assets		(10	)		(96	)
Net change in restricted stock		(1	)		146
Net cash provided (used) by investing activities		4,288			(10,829	)
Cash flows from financing activities
Net decrease in deposit accounts		(4,584	)		(1,499	)
Net increase in short-term borrowed funds		105			378
Net decrease in long-term debt		(2	)		(1,596	)
Repurchase of common stock		(41	)		—
Dividend and discount accretion on noncontrolling interest		(146	)		(146	)
Net cash used by financing activities		(4,668	)		(2,863	)
Increase (decrease) in cash and cash equivalents		3,241			(11,520	)
Cash and cash equivalents, beginning of period		50,791			72,394
Cash and cash equivalents, end of period	$	54,032		$	60,874
Supplemental Disclosures of Cash Flow Information
Interest paid	$	445		$	579
Income taxes paid		—			—
Supplemental Schedule of Non-Cash Activities
Net change in fair value securities available for sale, net of tax	$	217		$	328
Loans transferred to foreclosed real estate		—			496
Company financed sales of other real estate owned		—			—
Mortgage servicing rights capitalized		149			64
Net Change in ESOP liability		(67	)		148

See accompanying notes

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UWHARRIE CAPITAL CORP AND SUBSIDIARIES

Notes to Consolidated Financial Statements (Unaudited)

Note 1 — Basis of Presentation

The financial statements and accompanying notes are presented on a consolidated basis including Uwharrie Capital Corp (the “Company”) and its subsidiaries, Uwharrie Bank (the “Bank”), Strategic Investment Advisors, Inc. (“SIA”), and Uwharrie Mortgage Inc. The Bank consolidates its subsidiaries, the Strategic Alliance Corporation, BOS Agency, Inc. and Gateway Mortgage, Inc., each of which is wholly-owned by the Bank.

The information contained in the consolidated financial statements is unaudited. In the opinion of management, the consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and material adjustments necessary for a fair presentation of results of interim periods, all of which are of a normal recurring nature, have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for an entire year. Management is not aware of economic events, outside influences or changes in concentrations of business that would require additional clarification or disclosure in the consolidated financial statements.

The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to consolidated financial statements filed as part of the Company’s 2014 Annual Report on Form 10-K. This Quarterly Report should be read in conjunction with such Annual Report.

Use of Estimates

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses.

Note 2 — Comprehensive Income

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

-8-

The following table presents the changes in accumulated other comprehensive income for the three months ended March 31, 2015 and 2014:

	Unrealized holding gains (losses) on available-for-sale Securities (net)
	Three months ended March 31, 2015			Three months ended March 31, 2014
	(dollars in thousands)
Beginning Balance	$	305		$	(562	)
Other comprehensive income (loss) before reclassifications, net of $199,000 and $177,000 tax effect, respectively		355			341
Amounts reclassified from accumulated other comprehensive income, net of $87,000 and $8,000 tax effect		(138	)		(13	)
net current-period other comprehensive loss		217			328
Ending Balance	$	522		$	(234	)

Note 3 — Noncontrolling Interest

In January 2013 the Company’s subsidiary banks issued a total of $7.9 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualified as Tier 1 capital at each bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. This capital is presented as noncontrolling interest in the consolidated balance sheets. Dividends declared on this preferred stock are presented as earnings allocated to the noncontrolling interest in the consolidated statements of income. Effective September 1, 2013, the Fixed Rate Noncumulative Perpetual Preferred Stock, Series B was rolled into one issue under Uwharrie Bank in connection with the consolidation and name change.

During 2013, the Company’s subsidiary bank, Uwharrie Bank, raised $2.8 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights.

Note 4 — Per Share Data

Basic and diluted net income per common share is computed based on the weighted average number of shares outstanding during each period after retroactively adjusting for stock dividends. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income of the Company. The Company had stock options outstanding covering 12,607 shares of common stock at March 31, 2015 and 94,341 shares of common stock at December 31, 2014. All of these options were anti-dilutive. The Employee Stock Ownership Plan, (“ESOP”) effect is the average of the unallocated ESOP shares.

Basic and diluted net income per common share have been computed based upon net income available to common shareholders as presented in the accompanying consolidated statements of income divided by the weighted average number of common shares outstanding or assumed to be outstanding.

-9-

The computation of basic and dilutive earnings per share is summarized below:

	Three Months Ended March 31,
	2015		2014
Weighted average number of common shares outstanding		6,961,338		7,506,156
Effect of unreleased ESOP shares		—		(171,730	)
Adjusted weighted average number of common shares used in computing basic net income per common share		6,961,338		7,334,426
Effect of dilutive stock options		—		—
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share		6,961,338		7,334,426

During the first quarter of 2014, the board of directors of the Company voted to terminate the ESOP effective March 1, 2014. As of February 28, 2014, the ESOP held 740,530 shares, or 9.95% of the Company’s total outstanding shares of common stock, of which 252,446 shares were unallocated to participants in the ESOP.

The Company originally made a term loan to the ESOP in 1999. In addition, the Company established a $500,000 line of credit to the ESOP in 2010 and established a second $500,000 line of credit to the ESOP in 2013. The ESOP used the proceeds of the term loan and lines of credit to purchase shares of the Company’s common stock for the benefit of qualified employees. The unallocated shares of stock held by the ESOP were pledged as collateral for the term loan and lines of credit. As debt payments were made on the term loan and lines of credit, unallocated shares associated with those debt payments were released to the ESOP and allocated among participants.

In connection with the termination of the ESOP, the ESOP trustees transferred the 252,446 remaining unallocated shares to the Company in partial satisfaction of the outstanding balance on the term loan and lines of credit. The fair value of these unallocated shares was insufficient to repay the term loan and lines of credit in full. As a result, the Company forgave the remaining balance. Upon the transfer of the unallocated shares to the Company, these shares were cancelled and returned to the Company’s pool of authorized but unissued shares of common stock.

The Company filed a request for a favorable determination letter from the Internal Revenue Service as to the tax-qualified status of the ESOP on its termination. All allocated shares ere distributed to the ESOP participants prior to December 31, 2014.

The Company received the favorable determination letter dated September 5, 2014 from the Internal Revenue Service.

-10-

Note 5 – Investment Securities

Carrying amounts and fair values of securities available for sale and held to maturity are summarized below:

March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	18,972	$	383	$	—	$	19,355
U.S. Government agencies		45,509		274		86		45,697
GSE — Mortgage-backed securities and CMO’s		26,177		189		180		26,186
State and political subdivisions		6,634		239		—		6,873
Corporate bonds		7,447		—		28		7,419
Total securities available for sale	$	104,739	$	1,085	$	294	$	105,530
March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,050	$	—	$	16	$	2,034
State and political subdivisions		6,024		11		21		6,014
Corporate bonds		3,392		33		—		3,425
Total securities held to maturity	$	11,466	$	44	$	37	$	11,473
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	19,030	$	362	$	6	$	19,386
U.S. Government agencies		50,969		96		290		50,775
GSE — Mortgage-backed securities and CMO’s		27,748		133		309		27,572
State and political subdivisions		11,575		505		—		12,080
Corporate bonds		3,040		—		29		3,011
Total securities available for sale	$	112,362	$	1,096	$	634	$	112,824
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,085	$	—	$	32	$	2,053
Corporate bonds		3,411		—		14		3,397
Total securities held to maturity	$	5,496	$	—	$	46	$	5,450

At both March 31, 2015 and December 31, 2014, the Company owned Federal Reserve Bank stock reported at cost of $506,000 and $532,000, respectively. Also at March 31, 2015 and December 31, 2014, the Company owned Federal Home Loan Bank Stock (FHLB) of $533,000 and $506,000, respectively. The investments in Federal Reserve stock and FHLB stock are required investments related to the Company’s membership in, and borrowings with, these banks and classified as restricted stock on the consolidated balance sheet. These investments are carried at cost since there is no ready market and redemption has historically been made at par value. The Company estimated that the fair value approximated cost and that these investments were not impaired at March 31, 2015.

-11-

Results from sales and calls of securities available for sale for the three month period ended March 31, 2015 and March 31, 2014 are as follows:

	Three Months Ended March 31,
	2015		2014
	(dollars in thousands)
Gross proceeds from sales	$	5,143	$	328
Gross realized gains from sales/calls	$	225	$	21
Gross realized losses from sales/calls		—		—
Net realized gains	$	225	$	21

At March 31, 2015 and December 31, 2014, securities available for sale with a carrying amount of $74.1 million and $84.7 million, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law.

The following tables show the gross unrealized losses and fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2015 and December 31, 2014. These unrealized losses on investment securities are a result of temporary fluctuations in market prices due to a rise in interest rates, which will adjust if rates decline, and in a volatile market and are in no way a reflection of the credit quality of the investments. Management does not believe these fluctuations are a reflection of the quality of the investments. At March 31, 2015, the unrealized losses on available for sale securities less than twelve months related to four government agency bonds, two government sponsored enterprise (GSE) mortgage backed securities and four corporate bonds. The Company had four government agency bonds and four GSE mortgage backed securities that had been in a loss position for more than twelve months. At March 31, 2015, the unrealized losses on held to maturity securities related to one government agency security and two corporate bonds. At December 31, 2014, the unrealized losses on available for sale securities related to one United States Treasury note, thirteen government agency bonds, eight government sponsored enterprise (GSE) mortgage backed securities and two corporate bonds. At December 31, 2014, the unrealized losses on held to maturity securities related to one government agency security and two corporate bonds.

	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Gov’t agencies	$	12,617	$	46	$	5,380	$	40	$	17,997	$	86
GSE-Mortgage-backed securities and CMO’s		3,474		15		14,168		165		17,642		180
Corporate bonds		7,447		28		—		—		7,447		28
Total securities available for sale	$	23,538	$	89	$	19,548	$	205	$	43,086	$	294
	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,050	$	16	$	—	$	—	$	2,050	$	16
State & political		5,199		21		—		—		5,199		21
Total securities held to maturity	$	7,249	$	37	$	—	$	—	$	7,249	$	37

-12-

	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Treasury	$	3,143	$	6	$	—	$	—	$	3,143	$	6
U.S. Gov’t agencies		9,690		23		17,776		267		27,466		290
GSE-Mortgage-backed securities and CMO’s		1,990		4		14,168		305		16,158		309
Corporate bonds		3,011		29		—		—		3,011		29
Total securities available for sale	$	17,834	$	62	$	31,944	$	572	$	49,778	$	634
	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,053	$	32	$	—	$	—	$	2,053	$	32
Corporate bonds		3,397		14		—		—		3,397		14
Total securities held to maturity	$	5,450	$	46	$	—	$	—	$	5,450	$	46

The Company had four government agency securities and four GSE mortgage backed securities that had been in a loss position for more than twelve months as of March 31, 2015. Declines in the fair value of the investment portfolio are believed by management to be temporary in nature. When evaluating an investment for other-than-temporary impairment management considers among other things, the length of time and the extent to which the fair value has been in a loss position, the financial condition of the issuer and the intent and the ability of the Company to hold the investment until the loss position is recovered.

Any unrealized losses were largely due to increases in market interest rates over the yields available at the time of purchase. The fair value is expected to recover as the bonds approach their maturity date or market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of quality but that the losses are temporary in nature. At March 31, 2015, the Company does not intend to sell and is not likely to be required to sell the available for sale securities that were in a loss position prior to full recovery.

-13-

The aggregate amortized cost and fair value of the available for sale securities portfolio at March 31, 2015 by remaining contractual maturity are as follows:

	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Securities available for sale
U. S. Treasury
Due after one but within five years		18,972		19,355		1.86	%
		18,972		19,355		1.86	%
U.S. Government agencies
Due after one but within five years		36,207		36,433		1.30	%
Due after five but within ten years		750		754		2.23	%
Due after ten years		8,552		8,510		2.27	%
		45,509		45,697		1.50	%
Mortgage-backed securities
Due after one but within five years		3,907		3,897		1.50	%
Due after five but within ten years		2,909		2,956		2.07	%
Due after ten years		19,361		19,333		2.03	%
		26,177		26,186		1.96	%
State and political subdivisions
Due within twelve months		650		664		5.46	%
Due after one but within five years		1,907		2,039		4.76	%
Due after five but within ten years		1,070		1,097		6.24	%
Due after ten years		3,007		3,073		4.07	%
		6,634		6,873		4.76	%
Corporate Bonds
Due after one but within five years		4,408		4,400		1.14	%
Due after five but within ten years		3,039		3,019		1.27	%
		7,447		7,419		1.20	%
Total Securities available for sale
Due within twelve months		650		664		5.46	%
Due after one but within five years		65,401		66,124		1.56	%
Due after five but within ten years		7,768		7,826		2.35	%
Due after ten years		30,920		30,916		2.30	%
	$	104,739	$	105,530		1.86	%
	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Held to maturity
U. S. Government agencies
Due after one but within five years		2,050		2,034		2.23	%
		2,050		2,034		2.23	%
State and political subdivisions
Due after five but within ten years		5,042		5,038		2.75	%
Due after ten years		982		976		2.58	%
		6,024		6,014		2.73	%
Corporate Bonds
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		1,706		1,723		2.79	%
		3,392		3,425		2.76	%
Total Securities held for maturity
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		8,798		8,795		2.64	%
Due after ten years		982		976		2.58	%
	$	11,466	$	11,473		2.65	%

-14-

Note 6 — Loans Held for Investment

The composition of net loans held for investment by class as of March 31, 2015 and December 31, 2014 are as follows:

	March 31, 2015			December 31, 2014
	(dollars in thousands)
Commercial
Commercial	$	46,916		$	47,418
Real estate — commercial		92,903			92,517
Other real estate construction loans		22,691			22,362
Noncommercial
Real estate 1-4 family construction		4,094			3,888
Real estate — residential		86,932			89,374
Home equity		46,607			46,360
Consumer loans		8,104			8,460
Other loans		396			481
		308,643			310,860
Less:
Allowance for loan losses		(3,729	)		(3,738	)
Deferred loan (fees) costs, net		(10	)		(7	)
Loans held for investment, net	$	304,904		$	307,115

Note 7 — Allowance for Loan Losses

The following table shows the change in the allowance for loss losses by loan segment for the three month period ended March 31, 2015 and 2014, respectively:

Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	1,716		$	2,665
Provision (recovery) charged to operations		(61	)		(245	)
Charge-offs		(40	)		(237	)
Recoveries		179			9
Net (charge-offs)/recoveries		139			(228	)
Balance at end of period	$	1,794		$	2,192

Non-Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	2,022		$	2,430
Provision (recovery) charged to operations		(1	)		(179	)
Charge-offs		(117	)		(269	)
Recoveries		31			24
Net (charge-offs)/recoveries		(86	)		(245	)
Balance at end of period	$	1,935		$	2,006

-15-

Final	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	3,738		$	5,095
Provision (recovery) charged to operations		(424	)		(62	)
Charge-offs		(157	)		(506	)
Recoveries		210			33
Net (charge-offs)/recoveries		53			(473	)
Balance at end of period	$	3,729		$	4,198

The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at March 31, 2015 and December 31, 2014:

March 31, 2015

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	162	$	2,271	$	1,632	$	160,239	$	1,794	$	162,510
Non-Commercial		240		5,686		1,695		140,437		1,935		146,123
Total	$	402	$	7,957	$	3,327	$	300,676	$	3,729	$	308,633

December 31, 2014

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	179	$	2,125	$	1,537	$	160,172	$	1,716	$	162,297
Non-Commercial		277		5,436		1,745		143,120		2,022		148,556
Total	$	456	$	7,561	$	3,282	$	303,292	$	3,738	$	310,853

Past due loan information is used by management when assessing the adequacy of the allowance for loan losses. The following table summarizes the past due information of the loan portfolio by class:

March 31, 2015

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
	(dollars in thousands)
Commercial	$	—	$	—	$	—	$	46,916	$	46,916	$	—
Real estate — commercial		125		1,067		1,192		91,711		92,903		—
Other real estate construction		25		227		252		22,439		22,691		—
Real estate 1 — 4 family construction		—		—		—		4,094		4,094		—
Real estate — residential		2,123		1,403		3,526		83,396		86,922		—
Home equity		50		54		104		46,503		46,607		—
Consumer loans		21		—		21		8,083		8,104		—
Other loans		—		—		—		396		396		—
Total	$	2,344	$	2,751	$	5,095	$	303,538	$	308,633	$	—

-16-

December 31, 2014

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due and Non- Accrual		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
			(dollars in thousands)
Commercial	$	42	$	—	$	42	$	47,376	$	47,418	$	—
Real estate — commercial		77		794		871		91,646		92,517		—
Other real estate construction		—		342		342		22,020		22,362		—
Real estate construction		—		—		—		3,888		3,888		—
Real estate — residential		1,673		1,097		2,770		86,597		89,367		—
Home equity		89		13		102		46,258		46,360		—
Consumer loan		123		—		123		8,337		8,460		—
Other loans		—		—		—		481		481		—
Total	$	2,004	$	2,246	$	4,250	$	306,603	$	310,853	$	—

Once a loan becomes 90 days past due, the loan is automatically transferred to a nonaccrual status. The exception to this policy is credit card loans that remain in accruing 90 days or more until they are paid current or charged off. Also, mortgage loans that were originated for sale but were not sold and are being held in the loan portfolio remain in an accruing status until they are foreclosed.

The composition of nonaccrual loans by class as of March 31, 2015 and December 31, 2014 is as follows:

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Commercial	$	—	$	—
Real estate — commercial		1,067		794
Other real estate construction		227		342
Real estate 1 — 4 family construction		—		—
Real estate — residential		1,403		1,097
Home equity		54		13
Consumer loans		—		—
Other loans		—		—
	$	2,751	$	2,246

Management uses a risk-grading program to facilitate the evaluation of probable inherent loan losses and to measure the adequacy of the allowance for loan losses. In this program, risk grades are initially assigned by the loan officers and reviewed and monitored by the lenders and credit administration. The program has eight risk grades summarized in five categories as follows:

Pass: Loans that are pass grade credits include loans that are fundamentally sound and risk factors are reasonable and acceptable. They generally conform to policy with only minor exceptions and any major exceptions are clearly mitigated by other economic factors.

Watch: Loans that are watch credits include loans on management’s watch list where a risk concern may be anticipated in the near future.

Substandard: Loans that are considered substandard are loans that are inadequately protected by current sound net worth, paying capacity of the obligor or the value of the collateral pledged. All nonaccrual loans are graded as substandard.

-17-

Doubtful: Loans that are considered to be doubtful have all weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make the collection or liquidation in full on the basis of current existing facts, conditions and values highly questionable and improbable.

Loss: Loans that are considered to be a loss are considered to be uncollectible and of such little value that their continuance as bankable assets is not warranted.

The tables below summarize risk grades of the loan portfolio by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,278	$	583	$	55	$	—	$	46,916
Real estate — commercial		83,816		4,852		4,235		—		92,903
Other real estate construction		20,093		2,022		576		—		22,691
Real estate 1 — 4 family construction		4,094		—		—		—		4,094
Real estate — residential		73,700		9,518		3,704		—		86,922
Home equity		44,940		1,523		144		—		46,607
Consumer loans		7,902		195		7		—		8,104
Other loans		396		—		—		—		396
Total	$	281,219	$	18,693	$	8,721	$	—	$	308,633

December 31, 2014

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,734	$	614	$	70	$	—	$	47,418
Real estate — commercial		82,846		5,513		4,158		—		92,517
Other real estate construction		19,724		1,925		713		—		22,362
Real estate 1 — 4 family construction		3,888		—		—		—		3,888
Real estate — residential		75,859		10,090		3,418		—		89,367
Home equity		44,799		1,458		103		—		46,360
Consumer loans		8,175		277		8		—		8,460
Other loans		481		—		—		—		481
Total	$	282,506	$	19,877	$	8,470	$	—	$	310,853

-18-

Loans that are in nonaccrual status or 90 days past due and still accruing are considered to be nonperforming. At both March 31, 2015 and December 31, 2014 there were no loans 90 days past due and still accruing. The following tables show the breakdown between performing and nonperforming loans by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	46,916	$	—	$	46,916
Real estate — commercial		91,836		1,067		92,903
Other real estate construction		22,464		227		22,691
Real estate 1 — 4 family construction		4,094		—		4,094
Real estate — residential		85,519		1,403		86,922
Home equity		46,553		54		46,607
Consumer loans		8,104		—		8,104
Other loans		396		—		396
Total	$	305,882	$	2,751	$	308,633

December 31, 2014

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	47,418	$	—	$	47,418
Real estate — commercial		91,723		794		92,517
Other real estate construction		22,020		342		22,362
Real estate 1 —  4 family construction		3,888		—		3,888
Real estate —  residential		88,270		1,097		89,367
Home equity		46,347		13		46,360
Consumer loans		8,460		—		8,460
Other loans		481		—		481
Total	$	308,607	$	2,246	$	310,853

-19-

Loans are considered impaired when, based on current information and events it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. If a loan is deemed impaired, a specific calculation is performed and a specific reserve is allocated, if necessary. The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class at March, 31, 2015 and December 31, 2014.

March 31, 2015

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	60	$	60	$	—	$	158
Real estate — commercial		2,119		1,529		401		4
Other real estate construction		819		228		53		1
Real estate 1 — 4 family construction		18		—		18		239
Real estate — residential		5,570		2,351		3,219		—
Home equity		71		71		—		—
Consumer loans		27		27		—		—
Other loans		—		—		—		—
Total	$	8,684	$	4,266	$	3,691	$	402

December 31, 2014

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	98	$	68	$	30	$	30
Real estate — commercial		1,820		1,242		389		145
Other real estate construction		934		342		54		4
Real estate 1 — 4 family construction		20		—		20		1
Real estate — residential		5,298		1,865		3,433		257
Home equity		49		30		19		19
Consumer loans		69		29		40		—
Other loans		—		—		—		—
Total	$	8,288	$	3,576	$	3,985	$	456

-20-

	Three Months ended March 31, 2015				Three Months ended March 31, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
	(dollars in thousands)
Commercial	$	79	$	1	$	271	$	2
Real estate — commercial		1,780		16		5,882		54
Other real estate construction		339		1		1,953		3
Real estate 1 — 4 family construction		19		—		373		5
Real estate — residential		5,434		51		7,675		78
Home equity		60		1		298		2
Consumer loans		48		—		112		2
Other loans		—		—		—		—
Total	$	7,759	$	70	$	16,564	$	146

Note 8 — Troubled Debt Restructures

A modification of a loan constitutes a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. The Company offers various types of concessions when modifying loans to troubled borrowers, however, forgiveness of principal is rarely granted. Concessions offered are term extensions, capitalizing accrued interest, reducing interest rates to below current market rates or a combination of any of these. Combinations from time to time may include allowing a customer to be placed on interest-only payments. The presentations below in the “other” category are TDR’s with a combination of concessions. At the time of a TDR, additional collateral or a guarantor may be requested.

Loans modified as TDRs are typically already on nonaccrual status and in some cases, partial chargeoffs may have already been taken against the outstanding loan balance. The Company classifies TDR loans as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis. An allowance is based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent.

At March 31, 2015, the Company had $5.2 million in TDR’s outstanding, of which all were on an accruing basis with the exception of one loan for $261,000.

-21-

For the three months ended March 31, 2015 and 2014, the following table presents a breakdown of the types of concessions made by loan class:

	For the three months ended March 31, 2015
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Other:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		2		188		183
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
Total		2	$	188	$	183

	For the three months ended March 31, 2014
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Extend payment terms:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		—		—		—
Home equity		—		—		—
Consumer loans		1		39		34
Other loans		—		—		—
		1	$	39	$	34
Other:
Commercial		—	$	—	$	—
Real estate — commercial		1		344		269
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		9		1,287		1,253
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
		10	$	1,631	$	1,522
Total		11	$	1,670	$	1,556

-22-

During the twelve months ended March 31, 2015 and March 31, 2014, there were no TDRs for which there was a payment default.

A default on a TDR is defined as being past due 90 days or being out of compliance with the modification agreement. As previously mentioned, the Company considers TDRs to be impaired loans and has $331,000 in the allowance for loan loss as of March 31, 2015, as a direct result of these TDRs. At March 31, 2014, there was $363,000 in the allowance for loan loss related to TDRs.

The following table presents the successes and failures of the types of modifications within the previous twelve months as of March 31, 2015 and 2014:

	Paid In Full				Paying as restructured				Converted to nonaccrual				Foreclosure/ Default
	Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments
	(dollars in thousands)
March 31, 2015
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		50		—		—		—		—
Forgiveness of Principal
Other		1		116		8		1,419		—		—		—		—
Total		1	$	116		9	$	1,469		—	$	—		—	$	—
March 31, 2014
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		34		—		—		—		—
Forgiveness of Principal		—		—		—		—		—		—		—		—
Other		—		—		10		1,522		—		—		—		—
Total		—	$	—		11	$	1,556		—	$	—		—	$	—

The Company has not committed to fund any additional disbursements for TDRs.

Note 9 — Commitments and Contingencies

The subsidiary bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, lines of credit and standby letters of credit. These instruments involve elements of credit risk in excess of amounts recognized in the accompanying financial statements.

The bank’s risk of loss with the unfunded loans and lines of credit or standby letters of credit is represented by the contractual amount of these instruments. The bank uses the same credit policies in making commitments under such instruments as it does for on-balance sheet instruments. The amount of collateral obtained, if any, is based on management’s credit evaluation of the borrower. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Credit card commitments are unsecured.

-23-

At March 31, 2015, outstanding financial instruments whose contract amounts represent credit risk were approximately:

	(dollars in thousands)
Commitments to extend credit	$	81,056
Credit card commitments		9,199
Standby letters of credit		3,652
Total commitments	$	93,907

Note 10 — Fair Value Disclosures

Accounting Standards Codification (ASC) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation.

ASC 820 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which those assets or liabilities are sold and considers assumptions that market participants would use when pricing those assets or liabilities. Fair values determined using Level 1 inputs rely on active and observable markets to price identical assets or liabilities. In situations where identical assets and liabilities are not traded in active markets, fair values may be determined based on Level 2 inputs, which exist when observable data exists for similar assets and liabilities. Fair values for assets and liabilities for which identical or similar assets and liabilities are not actively traded in observable markets are based on Level 3 inputs, which are considered to be unobservable.

Among the Company’s assets and liabilities, investment securities available for sale are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including other real estate owned, impaired loans, loans held for sale, which are carried at the lower of cost or market; loan servicing rights, where fair value is determined using similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions; and goodwill, which is periodically tested for impairment. Deposits, short-term borrowings and long-term obligations are not reported at fair value.

Prices for US Treasury securities are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the ‘Level 1 input’ column. Prices for government agency securities, mortgage-backed securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the ‘Level 2 input’ column. Prices for all other non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the ‘Level 3 input’ column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. The changes in securities between Level 1 and Level 2 were related to the purchase and sale of several securities and not the transfer of securities.

The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment by using one of several methods including collateral value, fair value of similar debt or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the present value of the expected

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repayments or fair value of collateral exceed the recorded investments in such loans. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3.

Foreclosed assets are adjusted to fair value upon transfer of the loans to other real estate owned. Real estate acquired in settlement of loans is recorded initially at the estimated fair value of the property less estimated selling costs at the date of foreclosure. The initial recorded value may be subsequently reduced by additional allowances, which are charged to earnings if the estimated fair value of the property less estimated selling costs declines below the initial recorded value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3.

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate, based on secondary market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. These loans are recorded in Level 2

Servicing assets are evaluated for impairment based upon the fair value. Fair value is determined based upon discounted cash flows using market-based assumptions. Servicing assets are recorded in Level 3.

The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,355	$	19,355	$	—	$	—
US Government Agencies		45,697		—		45,697		—
GSE — Mortgage-backed securities and CMO’s		26,186		—		26,186		—
State and political subdivisions		6,873		—		6,873		—
Corporate bonds		7,419		—		7,419		—
Total assets at fair value	$	105,530	$	19,355	$	86,175	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

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	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,386	$	19,386	$	—	$	—
US Gov’t		50,775		—		50,775		—
Mortgage-backed securities and CMO’s		27,572		—		27,572		—
State and political subdivisions		12,080		—		12,080		—
Corporate bonds		3,011		—		3,011
Total assets at fair value	$	112,824	$	19,386	$	93,438	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value less cost of sell at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,746	$	—	$	—	$	4,746
Other real estate owned		3,435		—		—		3,435
Total assets at fair value	$	8,181	$	—	$	—	$	8,181
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	1,854	$	—	$	—	$	1,854
Other real estate owned		3,290		—		—		3,290
Total assets at fair value	$	5,144	$	—	$	—	$	5,144
Total liabilities at fair value	$	—	$	—	$	—	$	—

Quantitative Information about Level 3 Fair Value Measurements

March 31, 2015

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and Estimated costs to sell	0 – 10%

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December 31, 2014

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and estimated costs to sell	0 – 10%

At March 31, 2015, impaired loans were being evaluated with discounted expected cash flows and discounted appraisals were being used on collateral dependent loans.

Note 11 — Fair Values of Financial Instruments and Interest Rate Risk

ASC 825, “Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or non-recurring basis.

The fair value estimates presented at March 31, 2015 and December 31, 2014, are based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price an asset could be sold at or the price at which a liability could be settled. However, given there is no active market or observable market transactions for many of the Company’s financial instruments, the Company has made estimates of many of these fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. The estimated fair values disclosed in the following table do not represent market values of all assets and liabilities of the Company and should not be interpreted to represent the underlying value of the Company. The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of March 31, 2015 and December 31, 2014:

March 31, 2015

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	54,032	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		105,530		105,530		19,355		86,175		—
Securities held to maturity		11,466		11,473		2,034		9,439		—
Loans held for investment, net		304,904		312,876		—		—		312,876
Loans held for sale		401		401		—		401		—
Restricted stock		1,039		1,039		1,039		—		—
Accrued interest receivable		1,542		1,542		—		—		1,542
FINANCIAL LIABILITIES
Deposits	$	451,851	$	444,567	$	—	$	—	$	444,567
Short-term borrowings		4,790		4,790		—		4,790		—
Long-term borrowings		22		22		—		22		—
Junior subordinated debt		9,534		9,698		—		—		9,698
Accrued interest payable		181		181		—		—		181

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December 31, 2014

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	50,791	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		112,824		112,824		19,386		93,438		—
Securities held to maturity		5,496		5,450		2,053		3,397		—
Loans held for investment, net		307,115		321,295		—		—		321,295
Loans held for sale		2,147		2,147		—		2,147		—
Restricted stock		1,038		1,038		1,038		—		—
Accrued interest receivable		1,747		1,747		—		—		1,747
FINANCIAL LIABILITIES
Deposits	$	456,435	$	442,655	$	—	$	—	$	442,655
Short-term borrowings		4,685		4,685		—		4,685		—
Long-term borrowings		24		24		—		24		—
Junior subordinated debt		9,534		9,703		—		—		9,70
Accrued interest payable		180		180		—		—		180

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

• Cash and cash equivalents — The carrying amount of cash and cash equivalents approximate their fair values due to the short period of time until their expected realization and are recorded in Level 1.

• Securities available for sale — Securities available for sale are carried at fair value based on quoted and observable market prices and are recorded in Levels 1 and 2. Also see discussion in Note 5.

• Loans — The fair value of loans is estimated based on discounted expected cash flows using the current interest rates at which similar loans would be made and carried in level 3. Loans held for sale, which represent current mortgage production forward sales not yet delivered, are valued based on secondary market prices. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Loans held for sale are recorded in Level 2.

• Restricted stock — It is not practicable to determine fair value of restricted stock which is comprised of Federal Home Loan Bank and Federal Reserve Bank stock due to restrictions placed on its transferability and it is presented at its carrying value and is recorded in Level 1 due to the redemption provisions of the Federal Home Loan Bank and the Federal Reserve Bank.

• Accrued interest receivable and payable — Both accrued interest receivable and payable are recorded in Level 3, as there are not active markets for these.

• Deposits — The fair value of deposits is estimated based on discounted cash flow analyses using offered market rates and is recorded in Level 3. The fair value of deposits does not consider any customer related intangibles.

• Borrowings — The fair value disclosed for short-term borrowings, which are composed of overnight borrowings and debt due within one year approximate the carrying value for such debt and is recorded in Level 2. The estimated fair value for long-term borrowings are estimated based on discounted cash flow analyses using offered market rates. Total borrowings are carried in Level 2. Junior Subordinated debt is fair valued based on discounted cash flow analyses and is recorded in Level 3.

At March 31, 2015, the subsidiary bank had outstanding standby letters of credit and commitments to extend credit. These off-balance sheet financial instruments are generally exercisable at the market rate prevailing at the date the underlying transaction will be completed; therefore, they were deemed to have no current fair value. See Note 9.

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Note 12 — Recent Accounting Pronouncements

In February 2015, the FASB issued ASU 2015-02, an update to Topic 810 “Consolidation”. This modifies the consolidation model for reporting organizations under both the variable interest model and the voting interest model. The ASU is generally expected to reduce the number of situations where consolidation is required; however, in certain circumstances, the ASU may result in companies consolidating entities previously unconsolidated. This ASU will require all legal entities to reevaluate previous consolidation conclusions under the revised model and will be effective for periods beginning after December 15, 2015. Early adoption is permitted. A reporting entity may apply the ASU by using a modified retrospective approach (by recording a cumulative-effect adjustment to equity as of the beginning of the year of adoption) or a full retrospective approach (by restating all periods presented). The adoption of this update will not have a significant impact on the Company’s consolidated financial statements.

In January 2015, the FASB issued ASU 2015-01, an update to subtopic 225-20 “Income Statement — Extraordinary and Unusual Items”. This update was issued as part of the FASB’s simplification initiative, which aims to reduce unnecessary cost and complexity within U.S. GAAP by issuing ASUs to simplify the guidance while retaining or improving the usefulness of information included in the financial statements. Subtopic 225-20 requires an entity to separately classify, present, and disclose extraordinary events and transactions. In response to feedback received from users and preparers the FASB issued this ASU to eliminate the concept of extraordinary items. The amendments in this ASU are effective for fiscal years (and interim periods within those fiscal years), beginning after December 15, 2015 and may be adopted early. Entities may apply this ASU either prospectively or retrospectively. As recognition and disclosure of extraordinary items have become rare, we do not anticipate a significant impact to financial reporting from implementation of ASU 2015-01. The adoption of this update will not have a significant impact on the Company’s consolidated financial statements

In January 2014, the FASB issued ASU 2014-04, an update to ASC 310 “Receivables — Troubled Debt Restructurings by Creditors”. The amendments in this update clarify that if an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The update is effective for reporting periods beginning after December 15, 2014. The Company evaluated this update and it does not have a material impact on the Company’s consolidated financial statements. The Company did have $1.2 million in foreclosed residential real estate and $1.8 million of residential real estate in process of foreclosure.

From time to time the FASB issues exposure drafts of proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts.

Reclassification

Certain amounts in the 2014 financial statements have been reclassified to conform to the 2015 presentation. These reclassifications do not have an impact on net income or shareholders’ equity.

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Item 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Quarterly Report on Form 10-Q may contain certain forward-looking statements consisting of estimates with respect to the financial condition, results of operations and business of the Company that are subject to various factors which could cause actual results to differ materially from these estimates. These factors include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services. Any use of “we” or “our” in the following discussion refers to the Company on a consolidated basis.

Comparison of Financial Condition at March 31, 2015 and December 31, 2014.

During the three months ended March 31, 2015, the Company’s total assets decreased $3.4 million, from $518.5 million to $515.1 million.

Cash and cash equivalents decreased $3.2 million during the three months ended March 31, 2015. Cash and due from banks decreased $2.1 million, while interest-earning deposits with banks increased $5.3 million. These decreases are directly related to the decline in deposits.

Investment securities consist of securities available for sale and securities held to maturity. Investment securities decreased $1.3 million to $117.0 million for the period ended March 31, 2015. During the first three months of 2015, the Company, in a continued effort to reduce our extension risk in a rising interest rate environment, made the decision to sell $5.1 million of investment securities. The Company realized a net gain of $225,000 on these transactions. The Company also had maturities of $5.0 and normal reductions stemming from principal payments on mortgage backed securities. Also during the first three months of 2015, the Company purchased securities of $10.4 million. The Company is investing in lower duration securities as well as variable rate securities. These securities should provide better protection in a rising rate environment, and mitigate the downside risk embedded in the current portfolio and improve the yield on earning assets. At March 31, 2015, the Company had net unrealized gains on the securities available for sale of $791,000.

Loans held for investment decreased from $310.9 million to $308.6 million, a decrease of $2.3 million. The commercial, real estate one-to-four family and consumer loan segments of the loan portfolio decreased during the first three months of 2015 with the real estate one-to-four family experiencing the largest decline of 2.7%, or $2.4 million. This decline was directly related to the sale of $1.9 million of USDA government loans in the secondary market. The Company experienced growth in the remaining segments of its loan portfolio during the first three months of 2015 with the real estate one-to-four family construction segment having the largest increase of 5.3%, primarily consisting of owner occupied properties. Loans held for sale decreased 81.3%, or $1.7 million. The allowance for loan losses was $3.7 million at March 31, 2015, which represented 1.21% of the loan portfolio.

Other changes in our consolidated assets are related to premises and equipment, interest receivable, restricted stock, bank owned life insurance, other real estate owned, prepaid assets and other assets. Bank owned life insurance increased $30,000, while premises and equipment decreased $165,000. Accrued interest receivable declined $205,000. Restricted stock, which is comprised of Federal Home Loan Bank stock and Federal Reserve Bank stock, increased $1,000. Federal Home Loan Bank member institutions are required to increase or decrease their ownership as their utilization of FHLB borrowings change. The Company’s required ownership in FHLB stock increased $1,000, while the Company’s required ownership in Federal Reserve Bank stock remained at $506,000 during the first three months of 2015. Other real estate owned decreased $629,000 million. During the three months ended March 31, 2015, the Company sold six pieces of property totaling $591,000. The Company recorded net valuation write-down adjustments of $38,000. Other assets decreased $176,000.

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Customer deposits, our primary funding source, experienced a $4.5 million decrease during the three month period ended March 31, 2015, decreasing from $456.4 million to $451.9 million. Demand noninterest bearing checking increased $6.5 million and time deposits over $250,000 increased $18,000. This increase was offset by declines in interest checking and money market accounts of $8.5 million, savings deposits of $333,000 and other time deposits of $2.2 million.

Total borrowings increased $103,000 for the period and consist of both short-term and long-term borrowed funds.

Other liabilities increased from $4.8 million at December 31, 2014 to $5.3 million at March 31, 2015, an increase of $500,000.

The Company has historically had an Employee Stock Ownership Plan (ESOP) in place. Late in 2011, the Internal Revenue Service issued IRS notice 2011-19 that drew a clear line between what stock exchanges are considered public and which are not. The Company’s stock trades on the OTC Bulletin Board, which is a publically traded exchange, however, the IRS no longer recognizes the Bulletin Board as a public exchange. The result of this ruling is that companies that have ESOP plans in place are required to set aside funds to handle allocated shares put back to the company. The plan that the Company has includes a put option that requires the Company to repurchase allocated shares of participants at the participants’ option. The Company reclassed capital from additional paid-in capital to set aside the liability to cover all allocated shares that the Company may be required to buy back.

As disclosed in Note 4 to the unaudited financial statements with in this report, the Company voted to terminate its ESOP effective March 1, 2014. In connection with this termination, the ESOP trustees transferred the 252,446 remaining unallocated shares to the Company to partially satisfy the term loan and lines of credit the ESOP had outstanding at the time. The effect this had on equity was minimal with total outstanding shares being reduced. The remaining balance of $8,600 on the loans was expensed by the Company to completely satisfy the loans.

During the fourth quarter of 2014, all allocated shares were distributed to the ESOP participants and at March 31, 2015, there was $628,000 set aside to cover the liability for shares that could be put back to the Company during the first six months of 2015. After that time, the put option will expire and this liability will no longer exist.

At March 31, 2015, total shareholders’ equity was $42.9 million, an increase of $606,000 from December 31, 2014. Net income for the three month period was $637,000. Unrealized gains and losses on investment securities, net of tax, increased $217,000. The Company transfered $68,000 from additional paid in capital to mezzanine capital to cover the aforementioned ESOP put liability. The Company also repurchased common stock totaling $41,000. The Company paid $146,000 in dividends attributed to noncontrolling interest.

Comparison of Results of Operations for the Three Months Ended March 31, 2015 and 2014.

Net Income and Net Income Available to Common Shareholders

Uwharrie Capital Corp reported net income of $637,000 for the three months ended March 31, 2015, as compared to $537,000 for the three months ended March 31, 2014, an increase of $100,000. Net income available to common shareholders was $491,000 or $0.07 per common share at March 31, 2015, compared to $391,000 or $0.05 per common share at March 31, 2014. Net income available to common shareholders is net income less dividends on the aforementioned noncontrolling interest.

-31-

Net Interest Income

As with most financial institutions, the primary component of earnings for our subsidiary bank is net interest income. Net interest income is the difference between interest income, principally from loan and investment securities portfolios, and interest expense, principally on customer deposits and wholesale borrowings. Changes in net interest income result from changes in volume, spread and margin. For this purpose, volume refers to the average dollar level of interest-earning assets and interest-bearing liabilities, spread refers to the difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities, and margin refers to net interest income divided by average interest-earning assets. Margin is influenced by the level and relative mix of interest-earning assets and interest-bearing liabilities, as well as by levels of noninterest-bearing liabilities and capital.

Net interest income for the three months ended March 31, 2015 and March 31, 2014 was $4.0 million for both periods. During the first quarter, the volume of interest-earning assets increased, outpacing the decline in volume of interest-bearing liabilities by $166,000. The average yield on our interest–earning assets decreased seventeen basis points to 3.87%, while the average rate we paid for our interest-bearing liabilities decreased ten basis points. A portion of the Company’s loan portfolio has interest rate floors and caps in place on the loans. The interest rate floor feature has allowed the Company to maintain a more favorable interest margin despite a decline in rates; however, the interest rate cap could hurt the margin in a rising rate environment. The aforementioned changes resulted in a decrease of seven basis points in our interest rate spread, from 3.47% in the first quarter of 2014 to 3.40% in the first quarter of 2015. Our net interest margin was 3.48% and 3.55% for the comparable periods in 2015 and 2014, respectively.

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The following table presents average balance sheets and a net interest income analysis for the three months ended March 31, 2015 and 2014:

Average Balance Sheet and Net Interest Income Analysis

For the Three Months Ended March 31,

(dollars in thousands)
	Average Balance				Income/Expenses				Rate/Yield
Interest-earning assets:	2015		2014		2015		2014		2015			2014
Taxable securities	$	108,721	$	94,599	$	417	$	410		1.56	%		1.76	%
Nontaxable securities (1)		13,144		8,122		82		65		4.07	%		5.26	%
Short-term investments		47,380		63,258		37		45		0.32	%		0.29	%
Taxable loans		295,970		288,798		3,810		3,946		5.22	%		5.54	%
Non-taxable loans (1)		12,959		16,481		100		113		5.02	%		4.53	%
Total interest-earning assets		478,174		471,258		4,446		4,579		3.87	%		4.04	%
Interest-bearing liabilities:
Interest-bearing deposits		373,250		374,427		299		373		0.32	%		0.40	%
Short-term borrowed funds		3,908		5,930		12		18		1.25	%		1.23	%
Long-term debt		10,559		11,141		135		157		5.19	%		5.72	%
Total interest bearing liabilities		387,717		391,498		446		548		0.47	%		0.57	%
Net interest spread	$	90,457	$	79,760	$	4,000	$	4,031		3.40	%		3.47	%
Net interest margin (1) (% of earning assets)										3.48	%		3.55	%

(1) Yields related to securities and loans exempt from income taxes are stated on a fully tax-equivalent basis, assuming a 34.00% tax rate.

Provision and Allowance for Loan Losses

The provision for loan losses was a recovery of ($62,000) for the three months ending March 31, 2015 compared to a recovery of ($424,000) for the same period in 2014. There were net loan recoveries of ($52,000) for the three months ended March 31, 2015, as compared with net loan charge-offs of $473,000 during the same period of 2014. Refer to the Asset Quality discussion on page 33 for further information.

Noninterest Income

The Company generates most of its revenue from net interest income; however, like all financial institutions, diversification of our revenue base is of major importance in our long term success. Total noninterest income increased $477,000 for the three month period ending March 31, 2015 as compared to the same period in 2014. The primary factor contributing to the overall increase was an increase in income from mortgage loan sales of $339,000, increasing from $162,000 for the quarter ended March 31, 2014 to $501,000 for the same period in 2015. Included in income from mortgage is the $61,000 attributed to the aforementioned sale of USDA loans. Service charges on deposit accounts produced revenue of $330,000, a decrease of $48,000 for the three months ended March 31, 2015. The primary factor leading to this decrease was a decrease in NSF (non-sufficient funds) fees for the comparable periods. Other service fees and commissions experienced a $45,000 or 4.8% increase for the comparable three month period, primarily due to an increase in brokerage commissions and asset management fees. The Company realized gains on the sale of investment securities during the three months ended March 31, 2015 of $225,000 as compared to realized gains of $21,000 for the same period in 2014.

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Noninterest Expense

Noninterest expense for the both quarters ended March 31, 2015 and March 31, 2014 was $5.2 million. Salaries and employee benefits, the largest component of noninterest expense, increased $86,000 for the quarter ending March 31, 2015. The majority of this increase is attributable to the increase in staffing related to the expansion of the mortgage department. Professional fees and services decreased $6,000 during the three months ending March 31, 2015 as compared to the same period in 2014. The improvement the Company is experiencing in asset quality is attributable to this decrease with lower legal fees associated with loan collections fees. FDIC deposit insurance premiums also declined $10,000 for the comparable periods. Foreclosed real estate expense decreased $109,000 for the three months ending March 31, 2015 compared to same period in 2014. The major factor related to the decrease in foreclosed real estate expense was expenses related to a prior year sale of other real estate owned totaling $92,000 that occurred during first quarter 2014. Write-downs on properties held in other real estate owned are attributed to updated appraisals and the lowering of list prices, which increased from $3,000 for the three month period ending March 31, 2014 to $38,000 for the same period in 2015. Other noninterest expense decreased $49,000 for the comparable three month periods. The table below reflects the composition of other noninterest expense.

Other noninterest expense

	Three Months Ended March 31,
	2015		2014
	(in thousands)
Postage	$	46	$	51
Telephone and data lines		45		34
Shareholder relations expense		55		62
Dues and subscriptions		38		33
Other		307		360
Total	$	491	$	540

Income Tax Expense

The Company had income tax expense of $273,000 for the three months ended March 31, 2015 at an effective tax rate of 30.00% compared to income tax expense of $268,000 with an effective tax rate of 33.29% in the 2014 period.

Asset Quality

The Company’s allowance for loan losses is established through charges to earnings in the form of a provision for loan losses. The allowance is increased by provisions charged to operations and decreased by recoveries of amounts previously charged off and is reduced by recovery of provisions and loans charged off. Management continuously evaluates the adequacy of the allowance for loan losses. In evaluating the adequacy of the allowance, management considers the following: the growth, composition and industry diversification of the portfolio; historical loan loss experience; current delinquency levels; adverse situations that may affect a borrower’s ability to repay; estimated value of any underlying collateral; prevailing economic conditions and other relevant factors. The Company’s credit administration function, through a review process, periodically validates the accuracy of the initial risk grade assessment. In addition, as a given loan’s credit quality improves or deteriorates, the credit administration department has the responsibility to change the borrower’s risk grade accordingly. For loans determined to be impaired, the allowance is based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the underlying collateral less the selling costs. This evaluation is inherently subjective, as it requires material estimates, including the amounts and timing of future cash flows expected to be received on impaired loans, which may be susceptible to significant change. In addition, regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses and may require additions for estimated losses based upon judgments different from those of management.

-34-

Management uses a risk-grading program designed to evaluate the credit risk in the loan portfolio. In this program, risk grades are initially assigned by loan officers then reviewed and monitored by credit administration. This process includes the maintenance of an internally classified loan list that is designed to help management assess the overall quality of the loan portfolio and the adequacy of the allowance for loan losses. In establishing the appropriate classification for specific assets, management considers, among other factors, the estimated value of the underlying collateral, the borrower’s ability to repay, the borrower’s payment history and the current delinquent status. Because of this process, certain loans are deemed as impaired and evaluated as an impaired loan.

The allowance for loan losses represents management’s best estimate of an appropriate amount to provide for probable credit risk inherent in the loan portfolio in the normal course of business. While management believes that it uses the best information available to establish the allowance for loan losses, future adjustments to the allowance may be necessary and results of operations could be adversely affected if circumstances differ from the assumptions used in making the determinations. Furthermore, while management believes it has established the allowance for loan losses in conformity with generally accepted accounting principles, there can be no assurance that banking regulators, in reviewing the Company’s portfolio, will not require an adjustment to the allowance for loan losses. In addition, because future events affecting borrowers and collateral cannot be predicted with certainty, there can be no assurance that the existing allowance for loan losses is adequate or that increases will not be necessary, should the quality of any loans deteriorate because of the factors discussed herein. Any material increase in the allowance for loan losses may adversely affect the Company’s financial condition and results of operations.

At March 31, 2015 the levels of our impaired loans, which includes all loans in nonaccrual status, TDRs and other loans deemed by management to be impaired, were $8.0 million compared to $7.6 million at December 31, 2014, a net increase of $396,000. Total nonaccrual loans, which are a component of impaired loans, increased from $2.2 million at December 31, 2014 to $2.8 million at March 31, 2015. During the first quarter of 2015, four relationships totaling $697,000 were added to impaired loans. These additions were offset by one relationship for $102,000 being deemed no longer impaired, three impaired relationships totaling $89,000 being charged off and three impaired loans in the amount of $104,000 being paid off.

The allowance expressed as a percentage of gross loans held for investment increased one basis point from 1.20% at December 31, 2014 to 1.21% at March 31, 2015. The collectively evaluated reserve allowance as a percentage of collectively evaluated loans was 1.08% at December 31, 2014 and 1.11% at March 31, 2015, while the individually evaluated allowance as a percentage of individually evaluated loans decreased from 6.04% to 5.05% for the same periods. The portion of the Company’s allowance for loan loss model related to general reserves captures the mean loss of individual loans and the rare event of severe loss that can occur within the loan portfolio. Specifically, the Company calculates probable losses on loans by computing a probability of loss and expected loss scenario by FDIC call report codes. Together, these expected components as well as a level of more extreme unexpected losses form the basis of the allowance model. The loans that are impaired and included in the specific reserve are excluded from these calculations.

The Company assesses the probability of losses inherent in the loan portfolio using probability of default data, acquired from a third party vendor representing a one year loss horizon for each obligor. The Company updates the data inputs into the model; specifically the loss given default and the probability of defaults obtained from the vendor annually during the second quarter. The Company updates the beacon scores that are one of the components used within the allowance model semi-annually, during the first and third quarters. The trend of continued improvement in beacon scores continued with the update during the first quarter. The average beacon score increased two points from 724 to 726 during the first quarter.

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Nonperforming loans, which consist of nonaccrual loans and loans past due 90 days and still accruing, to total loans increased from 0.72% at December 31, 2014, to 0.89% at March 31, 2015.

Management believes the current level of the allowance for loan losses is appropriate in light of the risk inherent in the loan portfolio.

Other real estate owned decreased $629,000 during the first quarter of 2015. The Company sold six pieces of foreclosed property totaling $591,000 realizing a loss of $22,000. The Company also had write downs and changes in reserves totaling $38,000 on the remaining existing property. There were no loans foreclosed on during the first quarter.

Restructured loans at March 31, 2015 totaled $5.2 million compared to $5.3 million at December 31, 2014 and are included in impaired loans. At March 31, 2015, there was one restructured loan for $261,000 in nonaccrual status. The remainder were accruing.

The following table shows the comparison of nonperforming assets at March 31, 2015 to December 31, 2014:

Nonperforming Assets

(dollars in thousands)

	March 31, 2015			December 31, 2014
Nonperforming assets:
Loans past due 90 days or more	$	—		$	—
Nonaccrual loans		2,751			2,246
Other real estate owned		5,236			5,865
Total nonperforming assets	$	7,987		$	8,111
Allowance for loans losses	$	3,729		$	3,738
Nonperforming loans to total loans		0.89	%		0.72	%
Allowance for loan losses to total loans		1.21	%		1.20	%
Nonperforming assets to total assets		1.55	%		1.56	%
Allowance for loan losses to nonperforming loans		135.54	%		166.48	%

Liquidity and Capital Resources

The objective of the Company’s liquidity management policy is to ensure the availability of sufficient cash flows to meet all financial commitments and to capitalize on any opportunities for expansion. Liquidity management addresses the ability to meet deposit withdrawals on demand or at contractual maturity, to repay borrowings as they mature and to fund new loans and investments as opportunities arise.

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The Company’s primary sources of internally generated funds are principal and interest payments on loans, cash flows generated from operations and cash flow generated by investments. Growth in deposits is typically the primary source of funds for loan growth. The

Company and its subsidiary bank have multiple funding sources, in addition to deposits, that can be used to increase liquidity and provide additional financial flexibility. These sources are the subsidiary bank’s established federal funds lines with correspondent banks aggregating $15.8 million at March 31, 2015, with available credit of $15.8 million; established borrowing relationships with the Federal Home Loan Bank, with available credit of $40.9 million; access to borrowings from the Federal Reserve Bank discount window, with available credit of $29.9 million and the issuance of commercial paper. The Company has also secured long-term debt from other sources. Total debt from these sources aggregated $14.3 million at March 31, 2015, compared to $14.2 million at December 31, 2014.

Banks and bank holding companies, as regulated institutions, must meet required levels of capital. The Federal Reserve, the primary federal regulator of the Company and its subsidiary bank, has adopted minimum capital regulations or guidelines that categorize components and the level of risk associated with various types of assets.

On July 2, 2013, the Federal Reserve approved a final rule that establishes an integrated regulatory capital framework that addresses shortcomings in certain capital requirements. The rule implements in the United States the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain changes required by the Dodd-Frank Act. The major provisions of the new rule applicable to the Company are: The new rule implements higher minimum capital requirements, includes a new common equity tier 1 capital requirement, and establishes criteria that instruments must meet in order to be considered common equity tier 1 capital, additional tier 1 capital, or tier 2 capital. These enhancements both improve the quality and increase the quantity of capital required to be held by banking organizations, better equipping the U.S. banking system to deal with adverse economic conditions. The new minimum capital to risk-weighted assets (RWA) requirements are a common equity tier 1 capital ratio of 4.5 percent and a tier 1 capital ratio of 6.0 percent, which is an increase from 4.0 percent, and a total capital ratio that remains at 8.0 percent. The minimum leverage ratio (tier 1 capital to total assets) is 4.0 percent. The new rule maintains the general structure of the current prompt corrective action, or PCA, framework while incorporating these increased minimum requirements.

The Company and its subsidiary bank have each maintained capital levels exceeding minimum levels for “well capitalized” banks and bank holding companies. The Company expects to continue to exceed minimum capital requirements without altering current operations or strategy.

As previously discussed, the Company’s subsidiary bank has a net total of $10.6 million in outstanding fixed Rate Noncumulative Perpetual Preferred Stock. The preferred stock qualifies as Tier 1 capital at the bank and will pay dividends at an annual rate of 5.30%. The net total of $10.5 million is presented as noncontrolling interest at the Company level and does qualify as Tier 1 capital at the Company. At March 31, 2015, the Company had $9.5 million in subordinated debt outstanding that qualifies as Tier 2 capital. The Company has made all interest and dividend payments in a timely manner.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

The Company’s primary market risk is interest rate risk. Interest rate risk is the result of differing maturities or repricing intervals of interest-earning assets and interest-bearing liabilities and the fact that rates on these financial instruments do not change uniformly. These conditions may impact the earnings generated by the Company’s interest earning assets or the cost of its interest-bearing liabilities, thus directly impacting the Company’s overall earnings. The Company’s management actively monitors and manages interest rate risk. One way this is accomplished is through the development of and adherence to the Company’s asset/liability policy. This policy sets forth management’s strategy for matching the risk characteristics of the Company’s interest-earning assets and liabilities so as to mitigate the effect of changes in the rate environment. In management’s opinion, the Company’s market risk profile has not changed significantly since December 31, 2014.

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Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

At the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Securities Exchange Act (“Exchange Act”) Rule 13a-15.

Based upon that evaluation, the principal executive officer and principal financial officer concluded that in their opinion, the Company’s disclosure controls and procedures were effective (1) to provide reasonable assurance that information required to be disclosed by the Company in the reports filed or submitted by it under the Exchange Act was recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and (2) to provide reasonable assurance that information required to be disclosed by the Company in such reports is accumulated and communicated to the Company’s management, including its principal executive officer and principal financial officer, as appropriate to allow for timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

Management of the Company has evaluated, with the participation of the Company’s principal executive officer and principal financial officer, changes in the Company’s internal controls over financial reporting (as defined in Rule 13a – 15(f) and 15d – 15(f) of the Exchange Act) during the first quarter of 2015. In connection with such evaluation, the Company has determined that there were no changes in the Company’s internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. The Company reviews its disclosure controls and procedures, which may include its internal control over financial reporting, on an ongoing basis, and may from time to time make changes aimed at enhancing their effectiveness and to ensuring that the Company’s systems evolve with its business.

Part II. OTHER INFORMATION

Item 1. Legal Proceedings

Neither the Company nor its subsidiaries, nor any of their properties are subject to any material legal proceedings. From time to time, the Company’s subsidiary bank is engaged in ordinary routine litigation incidental to its business.

Item 1A. Risk Factors

Disclosure under this item is not required for smaller reporting companies.

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table sets forth information with respect to shares of common stock repurchased by the Company during the three months ended March 31, 2015.

	(a) Total Number of Shares Purchased		(b) Average Price Paid per Share		(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Program (1)		(d) Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans (2)(3)
January 1, 2015 Through January 31, 2015		0	$	0.00		—	$	—
February 1, 2015 Through February 28, 2015		0	$	0.00		—	$	—
March 1, 2015 Through March 31, 2015		13,105	$	3.10		—	$	—
Total		13,105	$	3.10		—	$	—

Trades of the Company’s stock occur in the Over-the-Counter Bulletin Board market from time to time. The Company also has in place a Stock Repurchase Plan that provides liquidity to its shareholders in the event a willing buyer is not available to purchase shares that are offered for sale. The Company is under no obligation to purchase shares offered; however, it will accommodate such offers as its Stock Repurchase Plan allows.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable

Item 5. Other Information

None.

Item 6. Exhibits

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Exhibit Number	Description of Exhibit
3.1	Registrant’s Articles of Incorporation (1)
3.2	Registrant’s By-laws (6)
3.2	Articles of Amendment dated December 19, 2008 (5)
4.1	Form of stock certificate (1)
4.2	Form of Security Holders Agreement (8)
10.1	Incentive Stock Option Plan, as amended (1)
10.2	Employee Stock Ownership Plan and Trust (2)
10.3	2006 Incentive Stock Option Plan (3)
10.4	2006 Employee Stock Purchase Plan (3)
10.5	Amendment to the Employee Stock Ownership Plan and Trust (4)
10.6	Relocation Assistance Agreement dated February 9, 2009, between the Registrant and Brendan P. Duffey (6)
10.7	Nonqualified Deferred Compensation Plan and Supplemental Retirement Plan Agreement dated December 31, 2008, between the Registrant and Roger L. Dick, Brendan P. Duffey, and Christy D. Stoner (6)
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)
101	Interactive data files providing financial information from the Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015, in XBRL (eXtensible Business Reporting Language) (7)
(1)	Incorporated by reference from exhibits to Registrant’s Registration Statement on Form S-4 (Reg. No. 33-58882).
(2)	Incorporated by reference to Registrant’s Annual Report on Form 10-KSB for the Fiscal year ended 1999.
(3)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended June 30, 2007.
(4)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended September 30, 2008.
(5)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended September 30, 2009.
(6)	Incorporated by reference to Registrant’s Annual Report on Form 10-K for the Fiscal year ended 2009.

-40-

(7)	Pursuant to Regulation 406T of Regulation S-T, these interactive data files are furnished and not filed or part of a registration statement or prospectus for purposes of section 11 or 12 of the Securities Act of 1933, as amended, or section 18 of the Securities Exchange Act of 1934, as amended, and are otherwise not subject to liability.
(8)	Incorporated by reference to Registrant’s Annual Report on Form 10-Q for the Quarter ended June 30, 2011.

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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, thereunto duly authorized.

	UWHARRIE CAPITAL CORP (Registrant)
Date: May 5, 2015	By:	/s/ Roger L. Dick
	Roger L. Dick
	President and Chief Executive Officer
Date: May 5, 2015	By:	/s/ R. David Beaver, III
	R. David Beaver, III
	Principal Financial Officer

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EXHIBIT INDEX

Exhibit Number	Description of Exhibit
3.1	Registrant’s Articles of Incorporation (1)
3.2	Registrant’s By-laws (6)
3.3	Articles of Amendment dated December 19, 2008 (5)
4.1	Form of stock certificate (1)
4.2	Form of Security Holders Agreement (8)
10.1	Incentive Stock Option Plan, as amended (1)
10.2	Employee Stock Ownership Plan and Trust (2)
10.3	2006 Incentive Stock Option Plan (3)
10.4	2006 Employee Stock Purchase Plan (3)
10.5	Amendment to the Employee Stock Ownership Plan and Trust (4)
10.6	Relocation Assistance Agreement dated February 9, 2009, between the Registrant and Brendan P. Duffey (6)
10.7	Nonqualified Deferred Compensation Plan and Supplemental Retirement Plan Agreement dated December 31, 2008, between the Registrant and Roger L. Dick, Brendan P. Duffey, and Christy D. Stoner (6)
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)
101	Interactive data files providing financial information from the Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015, in XBRL (eXtensible Business Reporting Language) (7)
(1)	Incorporated by reference from exhibits to Registrant’s Registration Statement on Form S-4 (Reg. No. 33-58882).
(2)	Incorporated by reference to Registrant’s Annual Report on Form 10-KSB for the Fiscal year ended 1999.

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(3)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended June 30, 2007.
(4)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended September 30, 2008.
(5)	Incorporated by reference to Registrant’s Quarterly Report on Form 10-Q for the Quarter ended September 30, 2009.
(6)	Incorporated by reference to Registrant’s Annual Report on Form 10-K for the Fiscal year ended 2009.
(7)	Pursuant to Regulation 406T of Regulation S-T, these interactive data files are furnished and not filed or part of a registration statement or prospectus for purposes of section 11 or 12 of the Securities Act of 1933, as amended, or section 18 of the Securities Exchange Act of 1934, as amended, and are otherwise not subject to liability.
(8)	Incorporated by reference to Registrant’s Annual Report on Form 10-Q for the Quarter ended June 30, 2011.

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EX-31.1

Exhibit 31.1

UWHARRIE CAPITAL CORP

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Rule 13a -14(a)

I, Roger L. Dick, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarterly period ended March 31, 2015 of Uwharrie Capital Corp (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a — 15(f) and 15d — 15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 5, 2015	/s/ Roger L. Dick
	Roger L. Dick
	President and Chief Executive Officer

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EX-31.2

Exhibit 31.2

UWHARRIE CAPITAL CORP

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

Pursuant to Rule 13a -14(a)

I, R. David Beaver, III, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarterly period ended March 31, 2015 of Uwharrie Capital Corp the (“registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a — 15(f) and 15d — 15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 5, 2015	/s/ R. David Beaver, III
	R. David Beaver, III
	Principal Financial Officer

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EX-32

Exhibit 32

Certification pursuant to 18 U.S.C. 1350 as adopted pursuant

to Section 906 of the Sarbanes-Oxley Act of 2002

The undersigned each hereby certifies that, to his knowledge, (i) the Form 10-Q filed by Uwharrie Capital Corp (the “Issuer”) for the quarter ended March 31, 2015, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and (ii) the information contained in that report fairly presents, in all material respects, the financial condition and results of operations of the Issuer on the dates and for the periods presented therein.

Date: May 5, 2015	/s/ Roger L. Dick
	Roger L. Dick
	President and Chief Executive Officer
Date: May 5, 2015	/s/ R. David Beaver, III
	R. David Beaver, III
	Principal Financial Officer

-47-

XML

Investment Securities - Gross Unrealized Losses and Fair Value of Investments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	$ 23,538	$ 17,834
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	89	62
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value	19,548	31,944
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	205	572
Available-for-sale Securities, Gross unrealized losses, Fair Value	43,086	49,778
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses	294	634
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	7,249	5,450
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	37	46
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value	0	0
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	0	0
Held-to-maturity Securities, Gross unrealized losses, Fair Value	7,249	5,450
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses	37	46
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value		3,143
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses		6
Available-for-sale Securities, Gross unrealized losses, Fair Value		3,143
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses		6
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	12,617	9,690
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	46	23
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value	5,380	17,776
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	40	267
Available-for-sale Securities, Gross unrealized losses, Fair Value	17,997	27,466
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses	86	290
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	2,050	2,053
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	16	32
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value	0	0
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	0	0
Held-to-maturity Securities, Gross unrealized losses, Fair Value	2,050	2,053
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses	16	32
State and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	5,199
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	21
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value	0
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	0
Held-to-maturity Securities, Gross unrealized losses, Fair Value	5,199
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses	21
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	7,447	3,011
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	28	29
Available-for-sale Securities, Gross unrealized losses, Fair Value	7,447	3,011
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses	28	29
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value		3,397
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses		14
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value		0
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses		0
Held-to-maturity Securities, Gross unrealized losses, Fair Value		3,397
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses		14
Mortgage-backed Securities and CMO's [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value	3,474	1,990
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses	15	4
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value	14,168	14,168
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses	165	305
Available-for-sale Securities, Gross unrealized losses, Fair Value	17,642	16,158
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses	$ 180	$ 309

XML

Commitments and Contingencies - Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015
Loss Contingencies [Line Items]
Total commitments	$ 93,907
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Total commitments	3,652
Commitments to Extend Credit [Member]
Loss Contingencies [Line Items]
Total commitments	81,056
Credit Card Commitments [Member]
Loss Contingencies [Line Items]
Total commitments	$ 9,199

XML

Allowance for Loan Losses - Summary of Risk Grades of Portfolio by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 308,633	$ 310,853
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,916	47,418
Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	92,903	92,517
Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	22,691	22,362
Real Estate 1-4 Family Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,094	3,888
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	86,922	89,367
Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,607	46,360
Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,104	8,460
Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	396	481
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	281,219	282,506
Pass [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,278	46,734
Pass [Member] | Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	83,816	82,846
Pass [Member] | Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	20,093	19,724
Pass [Member] | Real Estate 1-4 Family Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,094	3,888
Pass [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	73,700	75,859
Pass [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	44,940	44,799
Pass [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	7,902	8,175
Pass [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	396	481
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	18,693	19,877
Watch [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	583	614
Watch [Member] | Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,852	5,513
Watch [Member] | Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,022	1,925
Watch [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	9,518	10,090
Watch [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,523	1,458
Watch [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	195	277
Sub-standard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,721	8,470
Sub-standard [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	55	70
Sub-standard [Member] | Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,235	4,158
Sub-standard [Member] | Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	576	713
Sub-standard [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,704	3,418
Sub-standard [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	144	103
Sub-standard [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 7	$ 8

XML

Fair Value Disclosures - Fair Value Information for Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 105,530	$ 112,824
Fair Value on a Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	105,530	112,824
Total liabilities at fair value	0	0
Fair Value on a Recurring Basis [Member] | U.S. Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	19,355	19,386
Fair Value on a Recurring Basis [Member] | U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	45,697	50,775
Fair Value on a Recurring Basis [Member] | Mortgage-backed Securities and CMO's [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	26,186	27,572
Fair Value on a Recurring Basis [Member] | State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	6,873	12,080
Fair Value on a Recurring Basis [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,419	3,011
Fair Value on a Recurring Basis [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	19,355	19,386
Total liabilities at fair value	0	0
Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	19,355	19,386
Fair Value on a Recurring Basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	86,175	93,438
Total liabilities at fair value	0	0
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	45,697	50,775
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Mortgage-backed Securities and CMO's [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	26,186	27,572
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	6,873	12,080
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,419	3,011
Fair Value on a Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	$ 0	$ 0

XML

Allowance for Loan Losses - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Financing receivable recorded investment number of days past due	90 days
Non-performing loans	$ 0	$ 0

XML

Noncontrolling Interest - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2013	Mar. 31, 2015	Dec. 31, 2013
Preferred Stock Series B [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Preferred stock issued	$ 7.9
Dividends rate	5.30%
Voting rights		The preferred stock has no voting rights
Preferred Stock Series C [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Preferred stock issued			$ 2.8
Dividends rate			5.30%
Voting rights		The preferred stock has no voting rights

XML

Fair Value Disclosures - Quantitative Information about Level 3 Fair Value Measurements (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Discounted appraisals and broker price opinions	Discounted appraisals and broker price opinions
OREO [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Discounted appraisals	Discounted appraisals
Fair Value on a Nonrecurring Basis [Member] | Minimum [Member] | Impaired Loans [Member] | Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs discount rate and estimated costs to sell	0.00%	0.00%
Fair Value on a Nonrecurring Basis [Member] | Minimum [Member] | OREO [Member] | Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs discount rate and estimated costs to sell	0.00%	0.00%
Fair Value on a Nonrecurring Basis [Member] | Maximum [Member] | Impaired Loans [Member] | Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs discount rate and estimated costs to sell	25.00%	25.00%
Fair Value on a Nonrecurring Basis [Member] | Maximum [Member] | OREO [Member] | Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs discount rate and estimated costs to sell	10.00%	10.00%

XML

Loans Held for Investment (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Composition of Net Loans Held for Investment by Class

The composition of net loans held for investment by class as of March 31, 2015 and December 31, 2014 are as follows:

	March 31, 2015			December 31, 2014
	(dollars in thousands)
Commercial
Commercial	$	46,916		$	47,418
Real estate — commercial		92,903			92,517
Other real estate construction loans		22,691			22,362
Noncommercial
Real estate 1-4 family construction		4,094			3,888
Real estate — residential		86,932			89,374
Home equity		46,607			46,360
Consumer loans		8,104			8,460
Other loans		396			481
		308,643			310,860
Less:
Allowance for loan losses		(3,729	)		(3,738	)
Deferred loan (fees) costs, net		(10	)		(7	)
Loans held for investment, net	$	304,904		$	307,115

XML

Allowance for Loan Losses - Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 8,684		$ 8,288
Recorded Investment With No Allowance	4,266		3,576
Recorded Investment With Allowance	3,691		3,985
Related Allowance	402		456
Average Recorded Investment	7,759	16,564
Interest Income	70	146
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	60		98
Recorded Investment With No Allowance	60		68
Recorded Investment With Allowance			30
Related Allowance	158		30
Average Recorded Investment	79	271
Interest Income	1	2
Real estate - commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	2,119		1,820
Recorded Investment With No Allowance	1,529		1,242
Recorded Investment With Allowance	401		389
Related Allowance	4		145
Average Recorded Investment	1,780	5,882
Interest Income	16	54
Other Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	819		934
Recorded Investment With No Allowance	228		342
Recorded Investment With Allowance	53		54
Related Allowance	1		4
Average Recorded Investment	339	1,953
Interest Income	1	3
Real Estate 1-4 Family Construction [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	18		20
Recorded Investment With Allowance	18		20
Related Allowance	239		1
Average Recorded Investment	19	373
Interest Income		5
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	5,570		5,298
Recorded Investment With No Allowance	2,351		1,865
Recorded Investment With Allowance	3,219		3,433
Related Allowance			257
Average Recorded Investment	5,434	7,675
Interest Income	51	78
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	71		49
Recorded Investment With No Allowance	71		30
Recorded Investment With Allowance			19
Related Allowance			19
Average Recorded Investment	60	298
Interest Income	1	2
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	27		69
Recorded Investment With No Allowance	27		29
Recorded Investment With Allowance			40
Average Recorded Investment	48	112
Interest Income		$ 2

XML

Loans Held for Investment - Composition of Net Loans Held for Investment by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	$ 308,643	$ 310,860
Less:
Allowance for loan losses	(3,729)	(3,738)	(4,198)	(5,095)
Deferred loan (fees) costs, net	(10)	(7)
Net loans held for investment	304,904	307,115
Commercial [Member] | Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	46,916	47,418
Commercial [Member] | Real Estate - Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	92,903	92,517
Commercial [Member] | Other Real Estate Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	22,691	22,362
Non-Commercial [Member] | Real Estate 1-4 Family Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	4,094	3,888
Non-Commercial [Member] | Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	86,932	89,374
Non-Commercial [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	46,607	46,360
Non-Commercial [Member] | Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	8,104	8,460
Non-Commercial [Member] | Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Total	$ 396	$ 481

XML

Investment Securities - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015 Security	Dec. 31, 2014 Security
Schedule of Available-for-sale Securities [Line Items]
Federal Reserve stock owned by Company	$ 506,000	$ 532,000
Federal Home Loan Bank stock	533,000	506,000
Securities available for sale pledged as collateral on public deposits	74,100,000	84,700,000
Number of treasury note related to unrealized losses		1
Number of Government agency bond	4	13
Number of mortgage backed securities related to unrealized losses	2	8
Mortgage-backed Securities and CMO's [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of mortgage backed securities	4
Available for sale securities	$ 0
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of mortgage backed securities	4
Number of securities related to unrealized losses	1	1
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of mortgage backed securities	4	2
Number of securities related to unrealized losses	2	2
Number of securities less than twelve months related to unrealized losses	4

XML

Troubled Debt Restructures - Breakdown of Types of Concessions Made by Loan Class (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Contract	Mar. 31, 2014 Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts		11
Pre-Modification Outstanding Recorded Investment		$ 1,670
Post-Modification Outstanding Recorded Investment		1,556
Extend Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts		1
Pre-Modification Outstanding Recorded Investment		39
Post-Modification Outstanding Recorded Investment		34
Extend Payment Terms [Member] | Consumer loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts		1
Pre-Modification Outstanding Recorded Investment		39
Post-Modification Outstanding Recorded Investment		34
Other Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	2	10
Pre-Modification Outstanding Recorded Investment	188	1,631
Post-Modification Outstanding Recorded Investment	183	1,522
Other Payment Terms [Member] | Real estate - commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts		1
Pre-Modification Outstanding Recorded Investment		344
Post-Modification Outstanding Recorded Investment		269
Other Payment Terms [Member] | Real estate - residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	2	9
Pre-Modification Outstanding Recorded Investment	188	1,287
Post-Modification Outstanding Recorded Investment	$ 183	$ 1,253

XML

Allowance for Loan Losses - Composition of Nonaccrual Loans by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Increase in non-performing loans	$ 2,751	$ 2,246
Real estate - commercial [Member]
Financing Receivable, Impaired [Line Items]
Increase in non-performing loans	1,067	794
Other Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Increase in non-performing loans	227	342
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Increase in non-performing loans	1,403	1,097
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Increase in non-performing loans	$ 54	$ 13

XML

Basis of Presentation

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

Note 1 — Basis of Presentation

The financial statements and accompanying notes are presented on a consolidated basis including Uwharrie Capital Corp (the “Company”) and its subsidiaries, Uwharrie Bank (the “Bank”), Strategic Investment Advisors, Inc. (“SIA”), and Uwharrie Mortgage Inc. The Bank consolidates its subsidiaries, the Strategic Alliance Corporation, BOS Agency, Inc. and Gateway Mortgage, Inc., each of which is wholly-owned by the Bank.

The information contained in the consolidated financial statements is unaudited. In the opinion of management, the consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and material adjustments necessary for a fair presentation of results of interim periods, all of which are of a normal recurring nature, have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for an entire year. Management is not aware of economic events, outside influences or changes in concentrations of business that would require additional clarification or disclosure in the consolidated financial statements.

The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to consolidated financial statements filed as part of the Company’s 2014 Annual Report on Form 10-K. This Quarterly Report should be read in conjunction with such Annual Report.

Use of Estimates

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses.

XML

Allowance for Loan Losses - Changes in Allowance for Loan Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Schedule Of Allowance For Loan Losses [Line Items]
Balance, beginning of period	$ 3,738	$ 5,095
Provision (recovery) charged to operations	(62)	(424)
Charge-offs	(157)	(506)
Recoveries	210	33
Net (charge-offs)/recoveries	53	(473)
Balance at end of period	3,729	4,198
Commercial [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance, beginning of period	1,716	2,665
Provision (recovery) charged to operations	(61)	(245)
Charge-offs	(40)	(237)
Recoveries	179	9
Net (charge-offs)/recoveries	139	(228)
Balance at end of period	1,794	2,192
Non-Commercial [Member]
Schedule Of Allowance For Loan Losses [Line Items]
Balance, beginning of period	2,022	2,430
Provision (recovery) charged to operations	(1)	(179)
Charge-offs	(117)	(269)
Recoveries	31	24
Net (charge-offs)/recoveries	(86)	(245)
Balance at end of period	$ 1,935	$ 2,006

XML

Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,355	$	19,355	$	—	$	—
US Government Agencies		45,697		—		45,697		—
GSE — Mortgage-backed securities and CMO’s		26,186		—		26,186		—
State and political subdivisions		6,873		—		6,873		—
Corporate bonds		7,419		—		7,419		—
Total assets at fair value	$	105,530	$	19,355	$	86,175	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,386	$	19,386	$	—	$	—
US Gov’t		50,775		—		50,775		—
Mortgage-backed securities and CMO’s		27,572		—		27,572		—
State and political subdivisions		12,080		—		12,080		—
Corporate bonds		3,011		—		3,011
Total assets at fair value	$	112,824	$	19,386	$	93,438	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,746	$	—	$	—	$	4,746
Other real estate owned		3,435		—		—		3,435
Total assets at fair value	$	8,181	$	—	$	—	$	8,181
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	1,854	$	—	$	—	$	1,854
Other real estate owned		3,290		—		—		3,290
Total assets at fair value	$	5,144	$	—	$	—	$	5,144
Total liabilities at fair value	$	—	$	—	$	—	$	—

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

March 31, 2015

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and Estimated costs to sell	0 – 10%

December 31, 2014

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and estimated costs to sell	0 – 10%

XML

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk

At March 31, 2015, outstanding financial instruments whose contract amounts represent credit risk were approximately:

	(dollars in thousands)
Commitments to extend credit	$	81,056
Credit card commitments		9,199
Standby letters of credit		3,652
Total commitments	$	93,907

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Fair Value Disclosures - Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 105,530	$ 112,824
Fair Value on a Nonrecurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	4,746	1,854
Other real estate owned	3,435	3,290
Fair Value	8,181	5,144
Total liabilities at fair value	0	0
Fair Value on a Nonrecurring Basis [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Fair Value on a Nonrecurring Basis [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	0	0
Fair Value on a Nonrecurring Basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	4,746	1,854
Other real estate owned	3,435	3,290
Fair Value	8,181	5,144
Total liabilities at fair value	$ 0	$ 0

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Allowance for Loan Losses - Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items]
Individually Evaluated, Reserve	$ 402	$ 456
Individually Evaluated, Loans	7,957	7,561
Collectively Evaluated, Reserve	3,327	3,282
Collectively Evaluated, Loans	300,676	303,292
Total Reserve	3,729	3,738	4,198	5,095
Net loans held for investment	308,633	310,853
Commercial [Member]
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items]
Individually Evaluated, Reserve	162	179
Individually Evaluated, Loans	2,271	2,125
Collectively Evaluated, Reserve	1,632	1,537
Collectively Evaluated, Loans	160,239	160,172
Total Reserve	1,794	1,716	2,192	2,665
Net loans held for investment	162,510	162,297
Non-Commercial [Member]
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items]
Individually Evaluated, Reserve	240	277
Individually Evaluated, Loans	5,686	5,436
Collectively Evaluated, Reserve	1,695	1,745
Collectively Evaluated, Loans	140,437	143,120
Total Reserve	1,935	2,022	2,006	2,430
Net loans held for investment	$ 146,123	$ 148,556

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Fair Values of Financial Instruments and Interest Rate Risk (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Comparison of Carrying Amounts and Estimated Fair Value of Financial Instruments

The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of March 31, 2015 and December 31, 2014:

March 31, 2015

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	54,032	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		105,530		105,530		19,355		86,175		—
Securities held to maturity		11,466		11,473		2,034		9,439		—
Loans held for investment, net		304,904		312,876		—		—		312,876
Loans held for sale		401		401		—		401		—
Restricted stock		1,039		1,039		1,039		—		—
Accrued interest receivable		1,542		1,542		—		—		1,542
FINANCIAL LIABILITIES
Deposits	$	451,851	$	444,567	$	—	$	—	$	444,567
Short-term borrowings		4,790		4,790		—		4,790		—
Long-term borrowings		22		22		—		22		—
Junior subordinated debt		9,534		9,698		—		—		9,698
Accrued interest payable		181		181		—		—		181

December 31, 2014

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	50,791	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		112,824		112,824		19,386		93,438		—
Securities held to maturity		5,496		5,450		2,053		3,397		—
Loans held for investment, net		307,115		321,295		—		—		321,295
Loans held for sale		2,147		2,147		—		2,147		—
Restricted stock		1,038		1,038		1,038		—		—
Accrued interest receivable		1,747		1,747		—		—		1,747
FINANCIAL LIABILITIES
Deposits	$	456,435	$	442,655	$	—	$	—	$	442,655
Short-term borrowings		4,685		4,685		—		4,685		—
Long-term borrowings		24		24		—		24		—
Junior subordinated debt		9,534		9,703		—		—		9,70
Accrued interest payable		180		180		—		—		180

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Comprehensive Income - Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity [Abstract]
Beginning Balance	$ 305	$ (562)
Other comprehensive income (loss) before reclassifications, net of $199,000 and $177,000 tax effect, respectively	355	341
Amounts reclassified from accumulated other comprehensive income, net of $87,000 and $8,000 tax effect	(138)	(13)
Net current-period other comprehensive loss	217	328
Ending Balance	$ 522	$ (234)

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net Income	$ 637	$ 537
Adjustments to reconcile net income to net cash Provided (used) by operating activities:
Depreciation	239	218
Net amortization of security premiums/discounts AFS	307	231
Net amortization of security premiums/discounts HTM	33
Net amortization of mortgage servicing rights	166	170
Impairment of foreclosed real estate	45	9
Recovery of loan losses	(62)	(424)
Net realized gain on sales / calls available for sales securities	(225)	(21)
Income from mortgage loan sales	(501)	(162)
Proceeds from sales of loans held for sale	14,747	6,369
Origination of loans held for sale	(12,500)	(5,432)
Increase in cash surrender value of life insurance	(30)	(41)
Loss / (gain) on sales of foreclosed real estate	22	(1)
Release and write-off of ESOP shares		30
Net change in interest receivable	205	96
Net change in other assets	48	360
Net change in interest payable	1	(31)
Net change in other liabilities	489	264
Net cash provided by operating activities	3,621	2,172
Cash flows from investing activities
Proceeds from sales, maturities and calls of securities available for sale	11,953	1,849
Proceeds from sales, maturities and calls of securities held to maturity	31
Purchase of securities available for sale	(4,412)	(12,790)
Purchase of securities held to maturity	(6,034)
Net decrease in loans	2,273	1,644
Purchase of premises and equipment	(74)	(1,793)
Proceeds from sales of foreclosed real estate	562	211
Investment in other assets	(10)	(96)
Net change in restricted stock	(1)	146
Net cash provided (used) by investing activities	4,288	(10,829)
Cash flows from financing activities
Net decrease in deposit accounts	(4,584)	(1,499)
Net increase in short-term borrowed funds	105	378
Net decrease in long-term debt	(2)	(1,596)
Repurchase of common stock	(41)
Dividend and discount accretion on noncontrolling interest	(146)	(146)
Net cash used by financing activities	(4,668)	(2,863)
Increase (decrease) in cash and cash equivalents	3,241	(11,520)
Cash and cash equivalents, beginning of period	50,791	72,394
Cash and cash equivalents, end of period	54,032	60,874
Supplemental Disclosures of Cash Flow Information
Interest paid	445	579
Income taxes paid	0	0
Supplemental Schedule of Non-Cash Activities
Net change in fair value securities available for sale, net of tax	217	328
Loans transferred to foreclosed real estate		496
Company financed sales of other real estate owned	0	0
Mortgage servicing rights capitalized	149	64
Net Change in ESOP liability	$ (67)	$ 148

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Comprehensive Income - Accumulated Other Comprehensive Income (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity [Abstract]
Tax effect on Other Comprehensive income before reclassifications	$ 199	$ 177
Tax effect on amount reclassified from accumulated Other comprehensive income	$ 87	$ 8

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Investment Securities - Amortized Cost and Fair Value of Available for Sale Securities Portfolio (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Due within twelve months, Amortized Cost	$ 650
Due after one but within five years, Amortized Cost	65,401
Due after five but within ten years, Amortized Cost	7,768
Due after ten years, Amortized Cost	30,920
Available-for-sale Securities, Amortized Cost	104,739	112,362
Due within twelve months, Estimated Fair Value	664
Due after one but within five years, Estimated Fair Value	66,124
Due after five but within ten years, Estimated Fair Value	7,826
Due after ten years, Estimated Fair Value	30,916
Fair Value	105,530	112,824
Due within twelve months, Book Yield	5.46%
Due after one but within five years, Book Yield	1.56%
Due after five but within ten years, Book Yield	2.35%
Due after ten years, Book Yield	2.30%
Total securities available for sale, Book Yield	1.86%
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Due after one but within five years, Amortized Cost	18,972
Available-for-sale Securities, Amortized Cost	18,972	19,030
Due after one but within five years, Estimated Fair Value	19,355
Fair Value	19,355	19,386
Due after one but within five years, Book Yield	1.86%
Total securities available for sale, Book Yield	1.86%
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Due after one but within five years, Amortized Cost	36,207
Due after five but within ten years, Amortized Cost	750
Due after ten years, Amortized Cost	8,552
Available-for-sale Securities, Amortized Cost	45,509	50,969
Due after one but within five years, Estimated Fair Value	36,433
Due after five but within ten years, Estimated Fair Value	754
Due after ten years, Estimated Fair Value	8,510
Fair Value	45,697	50,775
Due after one but within five years, Book Yield	1.30%
Due after five but within ten years, Book Yield	2.23%
Due after ten years, Book Yield	2.27%
Total securities available for sale, Book Yield	1.50%
Mortgage-backed Securities and CMO's [Member]
Schedule of Available-for-sale Securities [Line Items]
Due after one but within five years, Amortized Cost	3,907
Due after five but within ten years, Amortized Cost	2,909
Due after ten years, Amortized Cost	19,361
Available-for-sale Securities, Amortized Cost	26,177	27,748
Due after one but within five years, Estimated Fair Value	3,897
Due after five but within ten years, Estimated Fair Value	2,956
Due after ten years, Estimated Fair Value	19,333
Fair Value	26,186	27,572
Due after one but within five years, Book Yield	1.50%
Due after five but within ten years, Book Yield	2.07%
Due after ten years, Book Yield	2.03%
Total securities available for sale, Book Yield	1.96%
State and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Due within twelve months, Amortized Cost	650
Due after one but within five years, Amortized Cost	1,907
Due after five but within ten years, Amortized Cost	1,070
Due after ten years, Amortized Cost	3,007
Available-for-sale Securities, Amortized Cost	6,634	11,575
Due within twelve months, Estimated Fair Value	664
Due after one but within five years, Estimated Fair Value	2,039
Due after five but within ten years, Estimated Fair Value	1,097
Due after ten years, Estimated Fair Value	3,073
Fair Value	6,873	12,080
Due within twelve months, Book Yield	5.46%
Due after one but within five years, Book Yield	4.76%
Due after five but within ten years, Book Yield	6.24%
Due after ten years, Book Yield	4.07%
Total securities available for sale, Book Yield	4.76%
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Due after one but within five years, Amortized Cost	4,408
Due after five but within ten years, Amortized Cost	3,039
Available-for-sale Securities, Amortized Cost	7,447	3,040
Due after one but within five years, Estimated Fair Value	4,400
Due after five but within ten years, Estimated Fair Value	3,019
Fair Value	$ 7,419	$ 3,011
Due after one but within five years, Book Yield	1.14%
Due after five but within ten years, Book Yield	1.27%
Total securities available for sale, Book Yield	1.20%

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Troubled Debt Restructures - Schedule of Successes and Failures of Types of Debt Restructuring (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Loans	Mar. 31, 2014 Loans
Financing Receivable, Modifications [Line Items]
Number of Loans		11
Recorded Investments	$ 5,200
Extend Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans		1
Paid In Full [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1
Recorded Investments	116
Paid In Full [Member] | Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1
Recorded Investments	116
Paying as Restructured [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	9	11
Recorded Investments	1,469	1,556
Paying as Restructured [Member] | Extend Payment Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	1	1
Recorded Investments	50	34
Paying as Restructured [Member] | Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans	8	10
Recorded Investments	$ 1,419	$ 1,522

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 4,707	$ 6,807
Interest-earning deposits with banks	49,325	43,984
Securities available for sale, at fair value	105,530	112,824
Securities held to maturity, at amortized cost (fair value $11,473 and $5,450, respectively)	11,466	5,496
Loans held for sale	401	2,147
Loans:
Loans held for investment	308,633	310,853
Less allowance for loan losses	(3,729)	(3,738)
Net loans held for investment	304,904	307,115
Premises and equipment, net	14,693	14,858
Interest receivable	1,542	1,747
Restricted stock	1,039	1,038
Bank owned life insurance	6,675	6,645
Other real estate owned	5,236	5,865
Prepaid assets	835	969
Other assets	8,793	8,969
Total assets	515,146	518,464
Deposits:
Demand noninterest-bearing	86,520	80,069
Interest checking and money market accounts	234,600	243,116
Savings deposits	38,758	39,091
Time deposits, $250,000 and over	9,883	9,865
Other time deposits	82,090	84,294
Total deposits	451,851	456,435
Short-term borrowed funds	4,790	4,685
Long-term debt	9,556	9,558
Interest payable	181	180
Other liabilities	5,272	4,783
Total liabilities	471,650	475,641
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 6,948,379 and 6,961,484	8,685	8,702
Additional paid-in capital	11,620	11,712
Undivided profits	11,465	10,974
Accumulated other comprehensive income	522	305
Total Uwharrie Capital shareholders' equity	32,292	31,693
Noncontrolling interest	10,576	10,569
Total shareholders' equity	42,868	42,262
Total liabilities and shareholders' equity	515,146	518,464
Common Stock [Member]
SHAREHOLDERS' EQUITY
Total shareholders' equity	8,685	8,702
Common Stock [Member] | Employee Stock Ownership Plan [Member]
Deposits:
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) (Note 4)	$ 628	$ 561

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Allowance for Loan Losses - Past Due Information of Loan Portfolio by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	$ 2,344	$ 2,004
Loans 90 Days or More Past Due and Non -Accrual	2,751	2,246
Total Past Due Loans	5,095	4,250
Current Loans	303,538	306,603
Net loans held for investment	308,633	310,853
Accruing Loans 90 or More Days Past Due	0	0
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due		42
Total Past Due Loans		42
Current Loans	46,916	47,376
Net loans held for investment	46,916	47,418
Accruing Loans 90 or More Days Past Due	0	0
Real estate - commercial [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	125	77
Loans 90 Days or More Past Due and Non -Accrual	1,067	794
Total Past Due Loans	1,192	871
Current Loans	91,711	91,646
Net loans held for investment	92,903	92,517
Accruing Loans 90 or More Days Past Due	0	0
Other Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	25
Loans 90 Days or More Past Due and Non -Accrual	227	342
Total Past Due Loans	252	342
Current Loans	22,439	22,020
Net loans held for investment	22,691	22,362
Accruing Loans 90 or More Days Past Due	0	0
Real Estate 1-4 Family Construction [Member]
Financing Receivable, Impaired [Line Items]
Current Loans	4,094
Net loans held for investment	4,094	3,888
Accruing Loans 90 or More Days Past Due	0
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	2,123	1,673
Loans 90 Days or More Past Due and Non -Accrual	1,403	1,097
Total Past Due Loans	3,526	2,770
Current Loans	83,396	86,597
Net loans held for investment	86,922	89,367
Accruing Loans 90 or More Days Past Due	0	0
Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	50	89
Loans 90 Days or More Past Due and Non -Accrual	54	13
Total Past Due Loans	104	102
Current Loans	46,503	46,258
Net loans held for investment	46,607	46,360
Accruing Loans 90 or More Days Past Due	0	0
Consumer loans [Member]
Financing Receivable, Impaired [Line Items]
Loans 30-89 Days Past Due	21	123
Total Past Due Loans	21	123
Current Loans	8,083	8,337
Net loans held for investment	8,104	8,460
Accruing Loans 90 or More Days Past Due	0	0
Other Loans [Member]
Financing Receivable, Impaired [Line Items]
Current Loans	396	481
Net loans held for investment	396	481
Accruing Loans 90 or More Days Past Due	0	0
Real Estate Construction [Member]
Financing Receivable, Impaired [Line Items]
Current Loans		3,888
Net loans held for investment		3,888
Accruing Loans 90 or More Days Past Due		$ 0

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 637	$ 537
Unrealized gain on available for sale securities	554	518
Related tax effect	(199)	(177)
Reclassification of gain recognized in net income	(225)	(21)
Related tax effect	87	8
Total other comprehensive income	217	328
Comprehensive income	854	865
Less: Comprehensive income attributable to noncontrolling interest	(146)	(146)
Comprehensive income attributable to Uwharrie Capital	$ 708	$ 719

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Fair Values of Financial Instruments and Interest Rate Risk - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]
Short term borrowings due period	1 year
Current fair value of off-balance sheet financial instruments	$ 0

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Per Share Data - Computation of Basic and Dilutive Earnings Per Share (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Weighted average number of common shares outstanding	6,961,338	7,506,156
Effect of unreleased ESOP shares		(171,730)
Adjusted weighted average number of common shares used in computing basic net income per common share	6,961,338	7,334,426
Effect of dilutive stock options	0	0
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share	6,961,338	7,334,426

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Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income

The following table presents the changes in accumulated other comprehensive income for the three months ended March 31, 2015 and 2014:

	Unrealized holding gains (losses) on available-for-sale Securities (net)
	Three months ended March 31, 2015			Three months ended March 31, 2014
	(dollars in thousands)
Beginning Balance	$	305		$	(562	)
Other comprehensive income (loss) before reclassifications, net of $199,000 and $177,000 tax effect, respectively		355			341
Amounts reclassified from accumulated other comprehensive income, net of $87,000 and $8,000 tax effect		(138	)		(13	)
net current-period other comprehensive loss		217			328
Ending Balance	$	522		$	(234	)

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Investment Securities - Carrying Amounts and Fair Values of Securities Available for Sale and Held to Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	$ 104,739	$ 112,362
Available-for-sale Securities, Gross Unrealized Gains	1,085	1,096
Available-for-sale Securities, Gross Unrealized Losses	294	634
Available-for-sale Securities, Fair Value	105,530	112,824
Held-to-maturity Securities, Amortized Cost	11,466	5,496
Held-to-maturity Securities, Gross Unrealized Gains	44
Held-to-maturity Securities, Gross Unrealized Losses	37	46
Held-to-maturity Securities, Fair Value	11,473	5,450
U.S. Treasury [Member]
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	18,972	19,030
Available-for-sale Securities, Gross Unrealized Gains	383	362
Available-for-sale Securities, Gross Unrealized Losses		6
Available-for-sale Securities, Fair Value	19,355	19,386
Held-to-maturity Securities, Fair Value	2,034
U.S. Government Agencies [Member]
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	45,509	50,969
Available-for-sale Securities, Gross Unrealized Gains	274	96
Available-for-sale Securities, Gross Unrealized Losses	86	290
Available-for-sale Securities, Fair Value	45,697	50,775
Held-to-maturity Securities, Amortized Cost	2,050	2,085
Held-to-maturity Securities, Gross Unrealized Losses	16	32
Held-to-maturity Securities, Fair Value	2,034	2,053
Mortgage-backed Securities and CMO's [Member]
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	26,177	27,748
Available-for-sale Securities, Gross Unrealized Gains	189	133
Available-for-sale Securities, Gross Unrealized Losses	180	309
Available-for-sale Securities, Fair Value	26,186	27,572
Corporate Bonds [Member]
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	7,447	3,040
Available-for-sale Securities, Gross Unrealized Losses	28	29
Available-for-sale Securities, Fair Value	7,419	3,011
Held-to-maturity Securities, Amortized Cost	3,392	3,411
Held-to-maturity Securities, Gross Unrealized Gains	33
Held-to-maturity Securities, Gross Unrealized Losses		14
Held-to-maturity Securities, Fair Value	3,425	3,397
State and Political Subdivisions [Member]
Schedule of Available for Sale and Held to Maturity Securities [Line Items]
Available-for-sale Securities, Amortized Cost	6,634	11,575
Available-for-sale Securities, Gross Unrealized Gains	239	505
Available-for-sale Securities, Fair Value	6,873	12,080
Held-to-maturity Securities, Amortized Cost	6,024
Held-to-maturity Securities, Gross Unrealized Gains	11
Held-to-maturity Securities, Gross Unrealized Losses	21
Held-to-maturity Securities, Fair Value	$ 6,014

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Carrying Amounts and Fair Values of Securities Available for Sale and Held to Maturity

Carrying amounts and fair values of securities available for sale and held to maturity are summarized below:

March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	18,972	$	383	$	—	$	19,355
U.S. Government agencies		45,509		274		86		45,697
GSE — Mortgage-backed securities and CMO’s		26,177		189		180		26,186
State and political subdivisions		6,634		239		—		6,873
Corporate bonds		7,447		—		28		7,419
Total securities available for sale	$	104,739	$	1,085	$	294	$	105,530
March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,050	$	—	$	16	$	2,034
State and political subdivisions		6,024		11		21		6,014
Corporate bonds		3,392		33		—		3,425
Total securities held to maturity	$	11,466	$	44	$	37	$	11,473
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	19,030	$	362	$	6	$	19,386
U.S. Government agencies		50,969		96		290		50,775
GSE — Mortgage-backed securities and CMO’s		27,748		133		309		27,572
State and political subdivisions		11,575		505		—		12,080
Corporate bonds		3,040		—		29		3,011
Total securities available for sale	$	112,362	$	1,096	$	634	$	112,824
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,085	$	—	$	32	$	2,053
Corporate bonds		3,411		—		14		3,397
Total securities held to maturity	$	5,496	$	—	$	46	$	5,450

Sales and Calls of Securities Available for Sale

Results from sales and calls of securities available for sale for the three month period ended March 31, 2015 and March 31, 2014 are as follows:

	Three Months Ended March 31,
	2015		2014
	(dollars in thousands)
Gross proceeds from sales	$	5,143	$	328
Gross realized gains from sales/calls	$	225	$	21
Gross realized losses from sales/calls		—		—
Net realized gains	$	225	$	21

Gross Unrealized Losses and Fair Value of Investments

At December 31, 2014, the unrealized losses on available for sale securities related to one United States Treasury note, thirteen government agency bonds, eight government sponsored enterprise (GSE) mortgage backed securities and two corporate bonds. At December 31, 2014, the unrealized losses on held to maturity securities related to one government agency security and two corporate bonds.

	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Gov’t agencies	$	12,617	$	46	$	5,380	$	40	$	17,997	$	86
GSE-Mortgage-backed securities and CMO’s		3,474		15		14,168		165		17,642		180
Corporate bonds		7,447		28		—		—		7,447		28
Total securities available for sale	$	23,538	$	89	$	19,548	$	205	$	43,086	$	294
	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,050	$	16	$	—	$	—	$	2,050	$	16
State & political		5,199		21		—		—		5,199		21
Total securities held to maturity	$	7,249	$	37	$	—	$	—	$	7,249	$	37
	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Treasury	$	3,143	$	6	$	—	$	—	$	3,143	$	6
U.S. Gov’t agencies		9,690		23		17,776		267		27,466		290
GSE-Mortgage-backed securities and CMO’s		1,990		4		14,168		305		16,158		309
Corporate bonds		3,011		29		—		—		3,011		29
Total securities available for sale	$	17,834	$	62	$	31,944	$	572	$	49,778	$	634
	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,053	$	32	$	—	$	—	$	2,053	$	32
Corporate bonds		3,397		14		—		—		3,397		14
Total securities held to maturity	$	5,450	$	46	$	—	$	—	$	5,450	$	46

Amortized Cost and Fair Value of Available for Sale Securities Portfolio

The aggregate amortized cost and fair value of the available for sale securities portfolio at March 31, 2015 by remaining contractual maturity are as follows:

	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Securities available for sale
U. S. Treasury
Due after one but within five years		18,972		19,355		1.86	%
		18,972		19,355		1.86	%
U.S. Government agencies
Due after one but within five years		36,207		36,433		1.30	%
Due after five but within ten years		750		754		2.23	%
Due after ten years		8,552		8,510		2.27	%
		45,509		45,697		1.50	%
Mortgage-backed securities
Due after one but within five years		3,907		3,897		1.50	%
Due after five but within ten years		2,909		2,956		2.07	%
Due after ten years		19,361		19,333		2.03	%
		26,177		26,186		1.96	%
State and political subdivisions
Due within twelve months		650		664		5.46	%
Due after one but within five years		1,907		2,039		4.76	%
Due after five but within ten years		1,070		1,097		6.24	%
Due after ten years		3,007		3,073		4.07	%
		6,634		6,873		4.76	%
Corporate Bonds
Due after one but within five years		4,408		4,400		1.14	%
Due after five but within ten years		3,039		3,019		1.27	%
		7,447		7,419		1.20	%
Total Securities available for sale
Due within twelve months		650		664		5.46	%
Due after one but within five years		65,401		66,124		1.56	%
Due after five but within ten years		7,768		7,826		2.35	%
Due after ten years		30,920		30,916		2.30	%
	$	104,739	$	105,530		1.86	%

Amortized Cost and Fair Value of Held to Maturity Securities Portfolio

	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Securities available for sale
U. S. Treasury
Due after one but within five years		18,972		19,355		1.86	%
		18,972		19,355		1.86	%
U.S. Government agencies
Due after one but within five years		36,207		36,433		1.30	%
Due after five but within ten years		750		754		2.23	%
Due after ten years		8,552		8,510		2.27	%
		45,509		45,697		1.50	%
Mortgage-backed securities
Due after one but within five years		3,907		3,897		1.50	%
Due after five but within ten years		2,909		2,956		2.07	%
Due after ten years		19,361		19,333		2.03	%
		26,177		26,186		1.96	%
State and political subdivisions
Due within twelve months		650		664		5.46	%
Due after one but within five years		1,907		2,039		4.76	%
Due after five but within ten years		1,070		1,097		6.24	%
Due after ten years		3,007		3,073		4.07	%
		6,634		6,873		4.76	%
Corporate Bonds
Due after one but within five years		4,408		4,400		1.14	%
Due after five but within ten years		3,039		3,019		1.27	%
		7,447		7,419		1.20	%
Total Securities available for sale
Due within twelve months		650		664		5.46	%
Due after one but within five years		65,401		66,124		1.56	%
Due after five but within ten years		7,768		7,826		2.35	%
Due after ten years		30,920		30,916		2.30	%
	$	104,739	$	105,530		1.86	%
	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Held to maturity
U. S. Government agencies
Due after one but within five years		2,050		2,034		2.23	%
		2,050		2,034		2.23	%
State and political subdivisions
Due after five but within ten years		5,042		5,038		2.75	%
Due after ten years		982		976		2.58	%
		6,024		6,014		2.73	%
Corporate Bonds
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		1,706		1,723		2.79	%
		3,392		3,425		2.76	%
Total Securities held for maturity
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		8,798		8,795		2.64	%
Due after ten years		982		976		2.58	%
	$	11,466	$	11,473		2.65	%

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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) In Thousands, except Share data	Total USD ($)	Number of Common Shares Issued [Member]	Common Stock [Member] USD ($)	Additional Paid-in Capital [Member] USD ($)	Undivided Profits [Member] USD ($)	Accumulated Other Comprehensive Income (Loss) [Member] USD ($)	Noncontrolling Interest [Member] USD ($)
Beginning balance at Dec. 31, 2014	$ 42,262		$ 8,702	$ 11,712	$ 10,974	$ 305	$ 10,569
Beginning balance, shares at Dec. 31, 2014		6,961,484
Net Income	637				491		146
Repurchase of common stock	(41)		(17)	(24)
Repurchase of common stock, shares		(13,105)
Other comprehensive Income	217					217
Reclass to mezzanine capital	(68)			(68)
Record preferred stock dividend Series B (noncontrolling interest)	(103)						(103)
Record preferred stock dividend Series C (noncontrolling interest)	(36)						(36)
Ending balance at Mar. 31, 2015	$ 42,868		$ 8,685	$ 11,620	$ 11,465	$ 522	$ 10,576
Ending balance, shares at Mar. 31, 2015		6,948,379

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Securities held for sale, at amortized cost, fair value	$ 11,473	$ 5,450
Common stock, par value	$ 1.25	$ 1.25
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	6,948,379	6,948,379
Common stock, shares outstanding	6,961,484	6,961,484

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 9 — Commitments and Contingencies

The subsidiary bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, lines of credit and standby letters of credit. These instruments involve elements of credit risk in excess of amounts recognized in the accompanying financial statements.

The bank’s risk of loss with the unfunded loans and lines of credit or standby letters of credit is represented by the contractual amount of these instruments. The bank uses the same credit policies in making commitments under such instruments as it does for on-balance sheet instruments. The amount of collateral obtained, if any, is based on management’s credit evaluation of the borrower. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Credit card commitments are unsecured.

At March 31, 2015, outstanding financial instruments whose contract amounts represent credit risk were approximately:

	(dollars in thousands)
Commitments to extend credit	$	81,056
Credit card commitments		9,199
Standby letters of credit		3,652
Total commitments	$	93,907

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	UWHR
Entity Registrant Name	UWHARRIE CAPITAL CORP
Entity Central Index Key	0000898171
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,948,379

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Fair Value Disclosures

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Note 10 — Fair Value Disclosures

Accounting Standards Codification (ASC) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation.

ASC 820 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which those assets or liabilities are sold and considers assumptions that market participants would use when pricing those assets or liabilities. Fair values determined using Level 1 inputs rely on active and observable markets to price identical assets or liabilities. In situations where identical assets and liabilities are not traded in active markets, fair values may be determined based on Level 2 inputs, which exist when observable data exists for similar assets and liabilities. Fair values for assets and liabilities for which identical or similar assets and liabilities are not actively traded in observable markets are based on Level 3 inputs, which are considered to be unobservable.

Among the Company’s assets and liabilities, investment securities available for sale are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including other real estate owned, impaired loans, loans held for sale, which are carried at the lower of cost or market; loan servicing rights, where fair value is determined using similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions; and goodwill, which is periodically tested for impairment. Deposits, short-term borrowings and long-term obligations are not reported at fair value.

Prices for US Treasury securities are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the ‘Level 1 input’ column. Prices for government agency securities, mortgage-backed securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the ‘Level 2 input’ column. Prices for all other non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the ‘Level 3 input’ column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. The changes in securities between Level 1 and Level 2 were related to the purchase and sale of several securities and not the transfer of securities.

The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment by using one of several methods including collateral value, fair value of similar debt or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the present value of the expected repayments or fair value of collateral exceed the recorded investments in such loans. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3.

Foreclosed assets are adjusted to fair value upon transfer of the loans to other real estate owned. Real estate acquired in settlement of loans is recorded initially at the estimated fair value of the property less estimated selling costs at the date of foreclosure. The initial recorded value may be subsequently reduced by additional allowances, which are charged to earnings if the estimated fair value of the property less estimated selling costs declines below the initial recorded value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3.

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate, based on secondary market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. These loans are recorded in Level 2

Servicing assets are evaluated for impairment based upon the fair value. Fair value is determined based upon discounted cash flows using market-based assumptions. Servicing assets are recorded in Level 3.

The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,355	$	19,355	$	—	$	—
US Government Agencies		45,697		—		45,697		—
GSE — Mortgage-backed securities and CMO’s		26,186		—		26,186		—
State and political subdivisions		6,873		—		6,873		—
Corporate bonds		7,419		—		7,419		—
Total assets at fair value	$	105,530	$	19,355	$	86,175	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
US Treasury	$	19,386	$	19,386	$	—	$	—
US Gov’t		50,775		—		50,775		—
Mortgage-backed securities and CMO’s		27,572		—		27,572		—
State and political subdivisions		12,080		—		12,080		—
Corporate bonds		3,011		—		3,011
Total assets at fair value	$	112,824	$	19,386	$	93,438	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value less cost of sell at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2015 and December 31, 2014:

	March 31, 2015
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,746	$	—	$	—	$	4,746
Other real estate owned		3,435		—		—		3,435
Total assets at fair value	$	8,181	$	—	$	—	$	8,181
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2014
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	1,854	$	—	$	—	$	1,854
Other real estate owned		3,290		—		—		3,290
Total assets at fair value	$	5,144	$	—	$	—	$	5,144
Total liabilities at fair value	$	—	$	—	$	—	$	—

Quantitative Information about Level 3 Fair Value Measurements

March 31, 2015

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and Estimated costs to sell	0 – 10%

December 31, 2014

	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals and broker price opinions	Expected loss rates	0 – 25%
OREO	Discounted appraisals	Collateral discounts and estimated costs to sell	0 – 10%

At March 31, 2015, impaired loans were being evaluated with discounted expected cash flows and discounted appraisals were being used on collateral dependent loans.

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Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Income
Loans, including fees	$ 3,910	$ 4,059
Investment securities
US Treasury	84	93
US Government agencies and corporations	333	317
State and political subdivisions	82	65
Interest-earning deposits with banks and federal funds sold	37	45
Total Interest income	4,446	4,579
Interest Expense
Interest checking and money market accounts	70	85
Savings deposits	11	25
Time deposits, $250,000 and over	11	12
Other time deposits	207	251
Short-term borrowed funds	12	18
Long-term debt	135	157
Total interest expense	446	548
Net interest income	4,000	4,031
Provision for (recovery of) loan losses	(62)	(424)
Net interest income after provision for (recovery of) loan losses	4,062	4,455
Noninterest Income
Service charges on deposit accounts	330	378
Other service fees and commissions	982	937
Gain on sale of securities (includes reclassification of $225,000 and $21,000 from accumulated other comprehensive income)	225	21
Gain (loss) on sale of other assets	(22)	1
Income from mortgage loan sales	501	162
Other income	57	97
Total noninterest income	2,073	1,596
Noninterest Expense
Salaries and employee benefits	3,092	3,006
Net occupancy expense	284	286
Equipment expense	167	170
Data processing costs	176	179
Office supplies and printing	49	65
Foreclosed real estate expense	119	228
Professional fees and services	151	157
Marketing and donations	193	146
Electronic banking expense	251	239
Software amortization and maintenance	150	118
FDIC insurance	102	112
Other noninterest expense	491	540
Total noninterest expenses	5,225	5,246
Income before income taxes	910	805
Income taxes (includes reclassification of $87,000 and $8,000 from accumulated other comprehensive income)	273	268
Net income	637	537
Less: Net Income attributable to noncontrolling interest	(146)	(146)
Net income attributable to Uwharrie Capital	491	391
Dividends - preferred stock	0	0
Net income available to common shareholders	$ 491	$ 391
Net income per common share
Basic	$ 0.07	$ 0.05
Diluted	$ 0.07	$ 0.05
Weighted average common shares outstanding
Basic	6,961,338	7,334,426
Diluted	6,961,338	7,334,426

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Per Share Data

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Per Share Data

Note 4 — Per Share Data

Basic and diluted net income per common share is computed based on the weighted average number of shares outstanding during each period after retroactively adjusting for stock dividends. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income of the Company. The Company had stock options outstanding covering 12,607 shares of common stock at March 31, 2015 and 94,341 shares of common stock at December 31, 2014. All of these options were anti-dilutive. The Employee Stock Ownership Plan, (“ESOP”) effect is the average of the unallocated ESOP shares.

Basic and diluted net income per common share have been computed based upon net income available to common shareholders as presented in the accompanying consolidated statements of income divided by the weighted average number of common shares outstanding or assumed to be outstanding.

The computation of basic and dilutive earnings per share is summarized below:

	Three Months Ended March 31,
	2015		2014
Weighted average number of common shares outstanding		6,961,338		7,506,156
Effect of unreleased ESOP shares		—		(171,730	)
Adjusted weighted average number of common shares used in computing basic net income per common share		6,961,338		7,334,426
Effect of dilutive stock options		—		—
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share		6,961,338		7,334,426

During the first quarter of 2014, the board of directors of the Company voted to terminate the ESOP effective March 1, 2014. As of February 28, 2014, the ESOP held 740,530 shares, or 9.95% of the Company’s total outstanding shares of common stock, of which 252,446 shares were unallocated to participants in the ESOP.

The Company originally made a term loan to the ESOP in 1999. In addition, the Company established a $500,000 line of credit to the ESOP in 2010 and established a second $500,000 line of credit to the ESOP in 2013. The ESOP used the proceeds of the term loan and lines of credit to purchase shares of the Company’s common stock for the benefit of qualified employees. The unallocated shares of stock held by the ESOP were pledged as collateral for the term loan and lines of credit. As debt payments were made on the term loan and lines of credit, unallocated shares associated with those debt payments were released to the ESOP and allocated among participants.

In connection with the termination of the ESOP, the ESOP trustees transferred the 252,446 remaining unallocated shares to the Company in partial satisfaction of the outstanding balance on the term loan and lines of credit. The fair value of these unallocated shares was insufficient to repay the term loan and lines of credit in full. As a result, the Company forgave the remaining balance. Upon the transfer of the unallocated shares to the Company, these shares were cancelled and returned to the Company’s pool of authorized but unissued shares of common stock.

The Company filed a request for a favorable determination letter from the Internal Revenue Service as to the tax-qualified status of the ESOP on its termination. All allocated shares ere distributed to the ESOP participants prior to December 31, 2014.

The Company received the favorable determination letter dated September 5, 2014 from the Internal Revenue Service.

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Noncontrolling Interest

3 Months Ended

Mar. 31, 2015

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Note 3 — Noncontrolling Interest

In January 2013 the Company’s subsidiary banks issued a total of $7.9 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualified as Tier 1 capital at each bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. This capital is presented as noncontrolling interest in the consolidated balance sheets. Dividends declared on this preferred stock are presented as earnings allocated to the noncontrolling interest in the consolidated statements of income. Effective September 1, 2013, the Fixed Rate Noncumulative Perpetual Preferred Stock, Series B was rolled into one issue under Uwharrie Bank in connection with the consolidation and name change.

During 2013, the Company’s subsidiary bank, Uwharrie Bank, raised $2.8 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights.

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Per Share Data (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Computation of Basic and Dilutive Earnings Per Share

The computation of basic and dilutive earnings per share is summarized below:

	Three Months Ended March 31,
	2015		2014
Weighted average number of common shares outstanding		6,961,338		7,506,156
Effect of unreleased ESOP shares		—		(171,730	)
Adjusted weighted average number of common shares used in computing basic net income per common share		6,961,338		7,334,426
Effect of dilutive stock options		—		—
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share		6,961,338		7,334,426

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Fair Values of Financial Instruments and Interest Rate Risk

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Values of Financial Instruments and Interest Rate Risk

Note 11 — Fair Values of Financial Instruments and Interest Rate Risk

ASC 825, “Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or non-recurring basis.

The fair value estimates presented at March 31, 2015 and December 31, 2014, are based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price an asset could be sold at or the price at which a liability could be settled. However, given there is no active market or observable market transactions for many of the Company’s financial instruments, the Company has made estimates of many of these fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. The estimated fair values disclosed in the following table do not represent market values of all assets and liabilities of the Company and should not be interpreted to represent the underlying value of the Company. The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of March 31, 2015 and December 31, 2014:

March 31, 2015

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	54,032	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		105,530		105,530		19,355		86,175		—
Securities held to maturity		11,466		11,473		2,034		9,439		—
Loans held for investment, net		304,904		312,876		—		—		312,876
Loans held for sale		401		401		—		401		—
Restricted stock		1,039		1,039		1,039		—		—
Accrued interest receivable		1,542		1,542		—		—		1,542
FINANCIAL LIABILITIES
Deposits	$	451,851	$	444,567	$	—	$	—	$	444,567
Short-term borrowings		4,790		4,790		—		4,790		—
Long-term borrowings		22		22		—		22		—
Junior subordinated debt		9,534		9,698		—		—		9,698
Accrued interest payable		181		181		—		—		181

December 31, 2014

	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	50,791	$	50,826	$	47,605	$	3,221	$	—
Securities available for sale		112,824		112,824		19,386		93,438		—
Securities held to maturity		5,496		5,450		2,053		3,397		—
Loans held for investment, net		307,115		321,295		—		—		321,295
Loans held for sale		2,147		2,147		—		2,147		—
Restricted stock		1,038		1,038		1,038		—		—
Accrued interest receivable		1,747		1,747		—		—		1,747
FINANCIAL LIABILITIES
Deposits	$	456,435	$	442,655	$	—	$	—	$	442,655
Short-term borrowings		4,685		4,685		—		4,685		—
Long-term borrowings		24		24		—		24		—
Junior subordinated debt		9,534		9,703		—		—		9,70
Accrued interest payable		180		180		—		—		180

The following methods and assumptions were used by the Company in estimating the fair value of financial instruments:

• Cash and cash equivalents — The carrying amount of cash and cash equivalents approximate their fair values due to the short period of time until their expected realization and are recorded in Level 1.

• Securities available for sale — Securities available for sale are carried at fair value based on quoted and observable market prices and are recorded in Levels 1 and 2. Also see discussion in Note 5.

• Loans — The fair value of loans is estimated based on discounted expected cash flows using the current interest rates at which similar loans would be made and carried in level 3. Loans held for sale, which represent current mortgage production forward sales not yet delivered, are valued based on secondary market prices. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Loans held for sale are recorded in Level 2.

• Restricted stock — It is not practicable to determine fair value of restricted stock which is comprised of Federal Home Loan Bank and Federal Reserve Bank stock due to restrictions placed on its transferability and it is presented at its carrying value and is recorded in Level 1 due to the redemption provisions of the Federal Home Loan Bank and the Federal Reserve Bank.

• Accrued interest receivable and payable — Both accrued interest receivable and payable are recorded in Level 3, as there are not active markets for these.

• Deposits — The fair value of deposits is estimated based on discounted cash flow analyses using offered market rates and is recorded in Level 3. The fair value of deposits does not consider any customer related intangibles.

• Borrowings — The fair value disclosed for short-term borrowings, which are composed of overnight borrowings and debt due within one year approximate the carrying value for such debt and is recorded in Level 2. The estimated fair value for long-term borrowings are estimated based on discounted cash flow analyses using offered market rates. Total borrowings are carried in Level 2. Junior Subordinated debt is fair valued based on discounted cash flow analyses and is recorded in Level 3.

At March 31, 2015, the subsidiary bank had outstanding standby letters of credit and commitments to extend credit. These off-balance sheet financial instruments are generally exercisable at the market rate prevailing at the date the underlying transaction will be completed; therefore, they were deemed to have no current fair value. See Note 9.

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Allowance for Loan Losses

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Allowance for Loan Losses

Note 7 — Allowance for Loan Losses

The following table shows the change in the allowance for loss losses by loan segment for the three month period ended March 31, 2015 and 2014, respectively:

Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	1,716		$	2,665
Provision (recovery) charged to operations		(61	)		(245	)
Charge-offs		(40	)		(237	)
Recoveries		179			9
Net (charge-offs)/recoveries		139			(228	)
Balance at end of period	$	1,794		$	2,192

Non-Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	2,022		$	2,430
Provision (recovery) charged to operations		(1	)		(179	)
Charge-offs		(117	)		(269	)
Recoveries		31			24
Net (charge-offs)/recoveries		(86	)		(245	)
Balance at end of period	$	1,935		$	2,006

Final	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	3,738		$	5,095
Provision (recovery) charged to operations		(424	)		(62	)
Charge-offs		(157	)		(506	)
Recoveries		210			33
Net (charge-offs)/recoveries		53			(473	)
Balance at end of period	$	3,729		$	4,198

The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at March 31, 2015 and December 31, 2014:

March 31, 2015

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	162	$	2,271	$	1,632	$	160,239	$	1,794	$	162,510
Non-Commercial		240		5,686		1,695		140,437		1,935		146,123
Total	$	402	$	7,957	$	3,327	$	300,676	$	3,729	$	308,633

December 31, 2014

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	179	$	2,125	$	1,537	$	160,172	$	1,716	$	162,297
Non-Commercial		277		5,436		1,745		143,120		2,022		148,556
Total	$	456	$	7,561	$	3,282	$	303,292	$	3,738	$	310,853

Past due loan information is used by management when assessing the adequacy of the allowance for loan losses. The following table summarizes the past due information of the loan portfolio by class:

March 31, 2015

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
	(dollars in thousands)
Commercial	$	—	$	—	$	—	$	46,916	$	46,916	$	—
Real estate — commercial		125		1,067		1,192		91,711		92,903		—
Other real estate construction		25		227		252		22,439		22,691		—
Real estate 1 — 4 family construction		—		—		—		4,094		4,094		—
Real estate — residential		2,123		1,403		3,526		83,396		86,922		—
Home equity		50		54		104		46,503		46,607		—
Consumer loans		21		—		21		8,083		8,104		—
Other loans		—		—		—		396		396		—
Total	$	2,344	$	2,751	$	5,095	$	303,538	$	308,633	$	—

December 31, 2014

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due and Non- Accrual		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
			(dollars in thousands)
Commercial	$	42	$	—	$	42	$	47,376	$	47,418	$	—
Real estate — commercial		77		794		871		91,646		92,517		—
Other real estate construction		—		342		342		22,020		22,362		—
Real estate construction		—		—		—		3,888		3,888		—
Real estate — residential		1,673		1,097		2,770		86,597		89,367		—
Home equity		89		13		102		46,258		46,360		—
Consumer loan		123		—		123		8,337		8,460		—
Other loans		—		—		—		481		481		—
Total	$	2,004	$	2,246	$	4,250	$	306,603	$	310,853	$	—

Once a loan becomes 90 days past due, the loan is automatically transferred to a nonaccrual status. The exception to this policy is credit card loans that remain in accruing 90 days or more until they are paid current or charged off. Also, mortgage loans that were originated for sale but were not sold and are being held in the loan portfolio remain in an accruing status until they are foreclosed.

The composition of nonaccrual loans by class as of March 31, 2015 and December 31, 2014 is as follows:

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Commercial	$	—	$	—
Real estate — commercial		1,067		794
Other real estate construction		227		342
Real estate 1 — 4 family construction		—		—
Real estate — residential		1,403		1,097
Home equity		54		13
Consumer loans		—		—
Other loans		—		—
	$	2,751	$	2,246

Management uses a risk-grading program to facilitate the evaluation of probable inherent loan losses and to measure the adequacy of the allowance for loan losses. In this program, risk grades are initially assigned by the loan officers and reviewed and monitored by the lenders and credit administration. The program has eight risk grades summarized in five categories as follows:

Pass: Loans that are pass grade credits include loans that are fundamentally sound and risk factors are reasonable and acceptable. They generally conform to policy with only minor exceptions and any major exceptions are clearly mitigated by other economic factors.

Watch: Loans that are watch credits include loans on management’s watch list where a risk concern may be anticipated in the near future.

Substandard: Loans that are considered substandard are loans that are inadequately protected by current sound net worth, paying capacity of the obligor or the value of the collateral pledged. All nonaccrual loans are graded as substandard.

Doubtful: Loans that are considered to be doubtful have all weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make the collection or liquidation in full on the basis of current existing facts, conditions and values highly questionable and improbable.

Loss: Loans that are considered to be a loss are considered to be uncollectible and of such little value that their continuance as bankable assets is not warranted.

The tables below summarize risk grades of the loan portfolio by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,278	$	583	$	55	$	—	$	46,916
Real estate — commercial		83,816		4,852		4,235		—		92,903
Other real estate construction		20,093		2,022		576		—		22,691
Real estate 1 — 4 family construction		4,094		—		—		—		4,094
Real estate — residential		73,700		9,518		3,704		—		86,922
Home equity		44,940		1,523		144		—		46,607
Consumer loans		7,902		195		7		—		8,104
Other loans		396		—		—		—		396
Total	$	281,219	$	18,693	$	8,721	$	—	$	308,633

December 31, 2014

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,734	$	614	$	70	$	—	$	47,418
Real estate — commercial		82,846		5,513		4,158		—		92,517
Other real estate construction		19,724		1,925		713		—		22,362
Real estate 1 — 4 family construction		3,888		—		—		—		3,888
Real estate — residential		75,859		10,090		3,418		—		89,367
Home equity		44,799		1,458		103		—		46,360
Consumer loans		8,175		277		8		—		8,460
Other loans		481		—		—		—		481
Total	$	282,506	$	19,877	$	8,470	$	—	$	310,853

Loans that are in nonaccrual status or 90 days past due and still accruing are considered to be nonperforming. At both March 31, 2015 and December 31, 2014 there were no loans 90 days past due and still accruing. The following tables show the breakdown between performing and nonperforming loans by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	46,916	$	—	$	46,916
Real estate — commercial		91,836		1,067		92,903
Other real estate construction		22,464		227		22,691
Real estate 1 — 4 family construction		4,094		—		4,094
Real estate — residential		85,519		1,403		86,922
Home equity		46,553		54		46,607
Consumer loans		8,104		—		8,104
Other loans		396		—		396
Total	$	305,882	$	2,751	$	308,633

December 31, 2014

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	47,418	$	—	$	47,418
Real estate — commercial		91,723		794		92,517
Other real estate construction		22,020		342		22,362
Real estate 1 —  4 family construction		3,888		—		3,888
Real estate —  residential		88,270		1,097		89,367
Home equity		46,347		13		46,360
Consumer loans		8,460		—		8,460
Other loans		481		—		481
Total	$	308,607	$	2,246	$	310,853

Loans are considered impaired when, based on current information and events it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. If a loan is deemed impaired, a specific calculation is performed and a specific reserve is allocated, if necessary. The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class at March, 31, 2015 and December 31, 2014.

March 31, 2015

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	60	$	60	$	—	$	158
Real estate — commercial		2,119		1,529		401		4
Other real estate construction		819		228		53		1
Real estate 1 — 4 family construction		18		—		18		239
Real estate — residential		5,570		2,351		3,219		—
Home equity		71		71		—		—
Consumer loans		27		27		—		—
Other loans		—		—		—		—
Total	$	8,684	$	4,266	$	3,691	$	402

December 31, 2014

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	98	$	68	$	30	$	30
Real estate — commercial		1,820		1,242		389		145
Other real estate construction		934		342		54		4
Real estate 1 — 4 family construction		20		—		20		1
Real estate — residential		5,298		1,865		3,433		257
Home equity		49		30		19		19
Consumer loans		69		29		40		—
Other loans		—		—		—		—
Total	$	8,288	$	3,576	$	3,985	$	456

	Three Months ended March 31, 2015				Three Months ended March 31, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
	(dollars in thousands)
Commercial	$	79	$	1	$	271	$	2
Real estate — commercial		1,780		16		5,882		54
Other real estate construction		339		1		1,953		3
Real estate 1 — 4 family construction		19		—		373		5
Real estate — residential		5,434		51		7,675		78
Home equity		60		1		298		2
Consumer loans		48		—		112		2
Other loans		—		—		—		—
Total	$	7,759	$	70	$	16,564	$	146

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Recent Accounting Pronouncements - Additional Information (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Dec. 15, 2014
Regulatory Assets [Abstract]
Foreclosed assets	$ 5,236,000	$ 5,865,000	$ 1,200,000
Real estate in process of foreclosure			$ 1,800,000

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Investment Securities

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Note 5 – Investment Securities

Carrying amounts and fair values of securities available for sale and held to maturity are summarized below:

March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	18,972	$	383	$	—	$	19,355
U.S. Government agencies		45,509		274		86		45,697
GSE — Mortgage-backed securities and CMO’s		26,177		189		180		26,186
State and political subdivisions		6,634		239		—		6,873
Corporate bonds		7,447		—		28		7,419
Total securities available for sale	$	104,739	$	1,085	$	294	$	105,530
March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,050	$	—	$	16	$	2,034
State and political subdivisions		6,024		11		21		6,014
Corporate bonds		3,392		33		—		3,425
Total securities held to maturity	$	11,466	$	44	$	37	$	11,473
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities available for sale
U.S. Treasury	$	19,030	$	362	$	6	$	19,386
U.S. Government agencies		50,969		96		290		50,775
GSE — Mortgage-backed securities and CMO’s		27,748		133		309		27,572
State and political subdivisions		11,575		505		—		12,080
Corporate bonds		3,040		—		29		3,011
Total securities available for sale	$	112,362	$	1,096	$	634	$	112,824
December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(dollars in thousands)
Securities held to maturity
U.S. Government agencies	$	2,085	$	—	$	32	$	2,053
Corporate bonds		3,411		—		14		3,397
Total securities held to maturity	$	5,496	$	—	$	46	$	5,450

At both March 31, 2015 and December 31, 2014, the Company owned Federal Reserve Bank stock reported at cost of $506,000 and $532,000, respectively. Also at March 31, 2015 and December 31, 2014, the Company owned Federal Home Loan Bank Stock (FHLB) of $533,000 and $506,000, respectively. The investments in Federal Reserve stock and FHLB stock are required investments related to the Company’s membership in, and borrowings with, these banks and classified as restricted stock on the consolidated balance sheet. These investments are carried at cost since there is no ready market and redemption has historically been made at par value. The Company estimated that the fair value approximated cost and that these investments were not impaired at March 31, 2015.

Results from sales and calls of securities available for sale for the three month period ended March 31, 2015 and March 31, 2014 are as follows:

	Three Months Ended March 31,
	2015		2014
	(dollars in thousands)
Gross proceeds from sales	$	5,143	$	328
Gross realized gains from sales/calls	$	225	$	21
Gross realized losses from sales/calls		—		—
Net realized gains	$	225	$	21

At March 31, 2015 and December 31, 2014, securities available for sale with a carrying amount of $74.1 million and $84.7 million, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law.

The following tables show the gross unrealized losses and fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2015 and December 31, 2014. These unrealized losses on investment securities are a result of temporary fluctuations in market prices due to a rise in interest rates, which will adjust if rates decline, and in a volatile market and are in no way a reflection of the credit quality of the investments. Management does not believe these fluctuations are a reflection of the quality of the investments. At March 31, 2015, the unrealized losses on available for sale securities less than twelve months related to four government agency bonds, two government sponsored enterprise (GSE) mortgage backed securities and four corporate bonds. The Company had four government agency bonds and four GSE mortgage backed securities that had been in a loss position for more than twelve months. At March 31, 2015, the unrealized losses on held to maturity securities related to one government agency security and two corporate bonds. At December 31, 2014, the unrealized losses on available for sale securities related to one United States Treasury note, thirteen government agency bonds, eight government sponsored enterprise (GSE) mortgage backed securities and two corporate bonds. At December 31, 2014, the unrealized losses on held to maturity securities related to one government agency security and two corporate bonds.

	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Gov’t agencies	$	12,617	$	46	$	5,380	$	40	$	17,997	$	86
GSE-Mortgage-backed securities and CMO’s		3,474		15		14,168		165		17,642		180
Corporate bonds		7,447		28		—		—		7,447		28
Total securities available for sale	$	23,538	$	89	$	19,548	$	205	$	43,086	$	294
	Less than 12 Months				12 Months or More				Total
March 31, 2015	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,050	$	16	$	—	$	—	$	2,050	$	16
State & political		5,199		21		—		—		5,199		21
Total securities held to maturity	$	7,249	$	37	$	—	$	—	$	7,249	$	37
	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Securities available for sale temporary impairment U.S. Treasury	$	3,143	$	6	$	—	$	—	$	3,143	$	6
U.S. Gov’t agencies		9,690		23		17,776		267		27,466		290
GSE-Mortgage-backed securities and CMO’s		1,990		4		14,168		305		16,158		309
Corporate bonds		3,011		29		—		—		3,011		29
Total securities available for sale	$	17,834	$	62	$	31,944	$	572	$	49,778	$	634
	Less than 12 Months				12 Months or More				Total
December 31, 2014	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(dollars in thousands)
Held to maturity temporary impairment U.S. Gov’t agencies	$	2,053	$	32	$	—	$	—	$	2,053	$	32
Corporate bonds		3,397		14		—		—		3,397		14
Total securities held to maturity	$	5,450	$	46	$	—	$	—	$	5,450	$	46

The Company had four government agency securities and four GSE mortgage backed securities that had been in a loss position for more than twelve months as of March 31, 2015. Declines in the fair value of the investment portfolio are believed by management to be temporary in nature. When evaluating an investment for other-than-temporary impairment management considers among other things, the length of time and the extent to which the fair value has been in a loss position, the financial condition of the issuer and the intent and the ability of the Company to hold the investment until the loss position is recovered.

Any unrealized losses were largely due to increases in market interest rates over the yields available at the time of purchase. The fair value is expected to recover as the bonds approach their maturity date or market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of quality but that the losses are temporary in nature. At March 31, 2015, the Company does not intend to sell and is not likely to be required to sell the available for sale securities that were in a loss position prior to full recovery.

The aggregate amortized cost and fair value of the available for sale securities portfolio at March 31, 2015 by remaining contractual maturity are as follows:

	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Securities available for sale
U. S. Treasury
Due after one but within five years		18,972		19,355		1.86	%
		18,972		19,355		1.86	%
U.S. Government agencies
Due after one but within five years		36,207		36,433		1.30	%
Due after five but within ten years		750		754		2.23	%
Due after ten years		8,552		8,510		2.27	%
		45,509		45,697		1.50	%
Mortgage-backed securities
Due after one but within five years		3,907		3,897		1.50	%
Due after five but within ten years		2,909		2,956		2.07	%
Due after ten years		19,361		19,333		2.03	%
		26,177		26,186		1.96	%
State and political subdivisions
Due within twelve months		650		664		5.46	%
Due after one but within five years		1,907		2,039		4.76	%
Due after five but within ten years		1,070		1,097		6.24	%
Due after ten years		3,007		3,073		4.07	%
		6,634		6,873		4.76	%
Corporate Bonds
Due after one but within five years		4,408		4,400		1.14	%
Due after five but within ten years		3,039		3,019		1.27	%
		7,447		7,419		1.20	%
Total Securities available for sale
Due within twelve months		650		664		5.46	%
Due after one but within five years		65,401		66,124		1.56	%
Due after five but within ten years		7,768		7,826		2.35	%
Due after ten years		30,920		30,916		2.30	%
	$	104,739	$	105,530		1.86	%
	March 31, 2015
	Amortized Cost		Estimated Fair Value		Book Yield
	(dollars in thousands)
Held to maturity
U. S. Government agencies
Due after one but within five years		2,050		2,034		2.23	%
		2,050		2,034		2.23	%
State and political subdivisions
Due after five but within ten years		5,042		5,038		2.75	%
Due after ten years		982		976		2.58	%
		6,024		6,014		2.73	%
Corporate Bonds
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		1,706		1,723		2.79	%
		3,392		3,425		2.76	%
Total Securities held for maturity
Due after one but within five years		1,686		1,702		2.73	%
Due after five but within ten years		8,798		8,795		2.64	%
Due after ten years		982		976		2.58	%
	$	11,466	$	11,473		2.65	%

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Loans Held for Investment

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Loans Held for Investment

Note 6 — Loans Held for Investment

The composition of net loans held for investment by class as of March 31, 2015 and December 31, 2014 are as follows:

	March 31, 2015			December 31, 2014
	(dollars in thousands)
Commercial
Commercial	$	46,916		$	47,418
Real estate — commercial		92,903			92,517
Other real estate construction loans		22,691			22,362
Noncommercial
Real estate 1-4 family construction		4,094			3,888
Real estate — residential		86,932			89,374
Home equity		46,607			46,360
Consumer loans		8,104			8,460
Other loans		396			481
		308,643			310,860
Less:
Allowance for loan losses		(3,729	)		(3,738	)
Deferred loan (fees) costs, net		(10	)		(7	)
Loans held for investment, net	$	304,904		$	307,115

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Troubled Debt Restructures

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Troubled Debt Restructures

Note 8 — Troubled Debt Restructures

A modification of a loan constitutes a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. The Company offers various types of concessions when modifying loans to troubled borrowers, however, forgiveness of principal is rarely granted. Concessions offered are term extensions, capitalizing accrued interest, reducing interest rates to below current market rates or a combination of any of these. Combinations from time to time may include allowing a customer to be placed on interest-only payments. The presentations below in the “other” category are TDR’s with a combination of concessions. At the time of a TDR, additional collateral or a guarantor may be requested.

Loans modified as TDRs are typically already on nonaccrual status and in some cases, partial chargeoffs may have already been taken against the outstanding loan balance. The Company classifies TDR loans as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis. An allowance is based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent.

At March 31, 2015, the Company had $5.2 million in TDR’s outstanding, of which all were on an accruing basis with the exception of one loan for $261,000.

For the three months ended March 31, 2015 and 2014, the following table presents a breakdown of the types of concessions made by loan class:

	For the three months ended March 31, 2015
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Other:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		2		188		183
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
Total		2	$	188	$	183

	For the three months ended March 31, 2014
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Extend payment terms:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		—		—		—
Home equity		—		—		—
Consumer loans		1		39		34
Other loans		—		—		—
		1	$	39	$	34
Other:
Commercial		—	$	—	$	—
Real estate — commercial		1		344		269
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		9		1,287		1,253
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
		10	$	1,631	$	1,522
Total		11	$	1,670	$	1,556

During the twelve months ended March 31, 2015 and March 31, 2014, there were no TDRs for which there was a payment default.

A default on a TDR is defined as being past due 90 days or being out of compliance with the modification agreement. As previously mentioned, the Company considers TDRs to be impaired loans and has $331,000 in the allowance for loan loss as of March 31, 2015, as a direct result of these TDRs. At March 31, 2014, there was $363,000 in the allowance for loan loss related to TDRs.

The following table presents the successes and failures of the types of modifications within the previous twelve months as of March 31, 2015 and 2014:

	Paid In Full				Paying as restructured				Converted to nonaccrual				Foreclosure/ Default
	Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments
	(dollars in thousands)
March 31, 2015
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		50		—		—		—		—
Forgiveness of Principal
Other		1		116		8		1,419		—		—		—		—
Total		1	$	116		9	$	1,469		—	$	—		—	$	—
March 31, 2014
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		34		—		—		—		—
Forgiveness of Principal		—		—		—		—		—		—		—		—
Other		—		—		10		1,522		—		—		—		—
Total		—	$	—		11	$	1,556		—	$	—		—	$	—

The Company has not committed to fund any additional disbursements for TDRs.

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Per Share Data - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Feb. 28, 2014	Dec. 31, 2013	Dec. 31, 2010
Earnings Per Share Basic And Dilutive [Line Items]
Stock outstanding options not included in the computation of EPS	12,607	94,341
Shares held by ESOP			740,530
Shares held by ESOP, Percentage			9.95%
Shares unallocated to participants in the ESOP			252,446
Remaining unallocated share	252,446
Employee Stock Ownership Plan [Member]
Earnings Per Share Basic And Dilutive [Line Items]
Line of credit				$ 500,000	$ 500,000

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Troubled Debt Restructures - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015 SecurityLoan	Mar. 31, 2014
Debt Disclosure [Abstract]
Troubled debt restructuring outstanding	$ 5,200,000
Troubled debt restructuring on non-accrual basis	261,000
Number of loan excepted	1
TDR's which was default payment	0	0
TDR is defined as being past due	90 days
Allowance for loan loss on TDR	$ 331,000	$ 363,000

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Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Use of Estimates

Use of Estimates

The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses.

Reclassification

Reclassification

Certain amounts in the 2014 financial statements have been reclassified to conform to the 2015 presentation. These reclassifications do not have an impact on net income or shareholders’ equity.

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Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Changes in Allowance for Loan Losses

The following table shows the change in the allowance for loss losses by loan segment for the three month period ended March 31, 2015 and 2014, respectively:

Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	1,716		$	2,665
Provision (recovery) charged to operations		(61	)		(245	)
Charge-offs		(40	)		(237	)
Recoveries		179			9
Net (charge-offs)/recoveries		139			(228	)
Balance at end of period	$	1,794		$	2,192

Non-Commercial	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	2,022		$	2,430
Provision (recovery) charged to operations		(1	)		(179	)
Charge-offs		(117	)		(269	)
Recoveries		31			24
Net (charge-offs)/recoveries		(86	)		(245	)
Balance at end of period	$	1,935		$	2,006

Final	Three Months Ended March 31,
	2015			2014
	(dollars in thousands)
Balance, beginning of period	$	3,738		$	5,095
Provision (recovery) charged to operations		(424	)		(62	)
Charge-offs		(157	)		(506	)
Recoveries		210			33
Net (charge-offs)/recoveries		53			(473	)
Balance at end of period	$	3,729		$	4,198

Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment

The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at March 31, 2015 and December 31, 2014:

March 31, 2015

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	162	$	2,271	$	1,632	$	160,239	$	1,794	$	162,510
Non-Commercial		240		5,686		1,695		140,437		1,935		146,123
Total	$	402	$	7,957	$	3,327	$	300,676	$	3,729	$	308,633

December 31, 2014

	Individually Evaluated				Collectively Evaluated				Total
	Reserve		Loans		Reserve		Loans		Reserve		Loans
	(dollars in thousands)
Commercial	$	179	$	2,125	$	1,537	$	160,172	$	1,716	$	162,297
Non-Commercial		277		5,436		1,745		143,120		2,022		148,556
Total	$	456	$	7,561	$	3,282	$	303,292	$	3,738	$	310,853

Past Due Information of Loan Portfolio by Class

Past due loan information is used by management when assessing the adequacy of the allowance for loan losses. The following table summarizes the past due information of the loan portfolio by class:

March 31, 2015

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
	(dollars in thousands)
Commercial	$	—	$	—	$	—	$	46,916	$	46,916	$	—
Real estate — commercial		125		1,067		1,192		91,711		92,903		—
Other real estate construction		25		227		252		22,439		22,691		—
Real estate 1 — 4 family construction		—		—		—		4,094		4,094		—
Real estate — residential		2,123		1,403		3,526		83,396		86,922		—
Home equity		50		54		104		46,503		46,607		—
Consumer loans		21		—		21		8,083		8,104		—
Other loans		—		—		—		396		396		—
Total	$	2,344	$	2,751	$	5,095	$	303,538	$	308,633	$	—

December 31, 2014

	Loans 30-89 Days Past Due		Loans 90 Days or More Past due and Non- Accrual		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
			(dollars in thousands)
Commercial	$	42	$	—	$	42	$	47,376	$	47,418	$	—
Real estate — commercial		77		794		871		91,646		92,517		—
Other real estate construction		—		342		342		22,020		22,362		—
Real estate construction		—		—		—		3,888		3,888		—
Real estate — residential		1,673		1,097		2,770		86,597		89,367		—
Home equity		89		13		102		46,258		46,360		—
Consumer loan		123		—		123		8,337		8,460		—
Other loans		—		—		—		481		481		—
Total	$	2,004	$	2,246	$	4,250	$	306,603	$	310,853	$	—

Composition of Nonaccrual Loans by Class

The composition of nonaccrual loans by class as of March 31, 2015 and December 31, 2014 is as follows:

	March 31, 2015		December 31, 2014
	(dollars in thousands)
Commercial	$	—	$	—
Real estate — commercial		1,067		794
Other real estate construction		227		342
Real estate 1 — 4 family construction		—		—
Real estate — residential		1,403		1,097
Home equity		54		13
Consumer loans		—		—
Other loans		—		—
	$	2,751	$	2,246

Summary of Risk Grades of Portfolio by Class

The tables below summarize risk grades of the loan portfolio by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,278	$	583	$	55	$	—	$	46,916
Real estate — commercial		83,816		4,852		4,235		—		92,903
Other real estate construction		20,093		2,022		576		—		22,691
Real estate 1 — 4 family construction		4,094		—		—		—		4,094
Real estate — residential		73,700		9,518		3,704		—		86,922
Home equity		44,940		1,523		144		—		46,607
Consumer loans		7,902		195		7		—		8,104
Other loans		396		—		—		—		396
Total	$	281,219	$	18,693	$	8,721	$	—	$	308,633

December 31, 2014

	Pass		Watch		Sub- standard		Doubtful		Total
	(dollars in thousands)
Commercial	$	46,734	$	614	$	70	$	—	$	47,418
Real estate — commercial		82,846		5,513		4,158		—		92,517
Other real estate construction		19,724		1,925		713		—		22,362
Real estate 1 — 4 family construction		3,888		—		—		—		3,888
Real estate — residential		75,859		10,090		3,418		—		89,367
Home equity		44,799		1,458		103		—		46,360
Consumer loans		8,175		277		8		—		8,460
Other loans		481		—		—		—		481
Total	$	282,506	$	19,877	$	8,470	$	—	$	310,853

Summary of Performing and Nonperforming Loans by Class

The following tables show the breakdown between performing and nonperforming loans by class at March 31, 2015 and December 31, 2014:

March 31, 2015

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	46,916	$	—	$	46,916
Real estate — commercial		91,836		1,067		92,903
Other real estate construction		22,464		227		22,691
Real estate 1 — 4 family construction		4,094		—		4,094
Real estate — residential		85,519		1,403		86,922
Home equity		46,553		54		46,607
Consumer loans		8,104		—		8,104
Other loans		396		—		396
Total	$	305,882	$	2,751	$	308,633

December 31, 2014

	Performing		Non- Performing		Total
	(dollars in thousands)
Commercial	$	47,418	$	—	$	47,418
Real estate — commercial		91,723		794		92,517
Other real estate construction		22,020		342		22,362
Real estate 1 —  4 family construction		3,888		—		3,888
Real estate —  residential		88,270		1,097		89,367
Home equity		46,347		13		46,360
Consumer loans		8,460		—		8,460
Other loans		481		—		481
Total	$	308,607	$	2,246	$	310,853

Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class

The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class at March, 31, 2015 and December 31, 2014.

March 31, 2015

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	60	$	60	$	—	$	158
Real estate — commercial		2,119		1,529		401		4
Other real estate construction		819		228		53		1
Real estate 1 — 4 family construction		18		—		18		239
Real estate — residential		5,570		2,351		3,219		—
Home equity		71		71		—		—
Consumer loans		27		27		—		—
Other loans		—		—		—		—
Total	$	8,684	$	4,266	$	3,691	$	402

December 31, 2014

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Related Allowance
	(dollars in thousands)
Commercial	$	98	$	68	$	30	$	30
Real estate — commercial		1,820		1,242		389		145
Other real estate construction		934		342		54		4
Real estate 1 — 4 family construction		20		—		20		1
Real estate — residential		5,298		1,865		3,433		257
Home equity		49		30		19		19
Consumer loans		69		29		40		—
Other loans		—		—		—		—
Total	$	8,288	$	3,576	$	3,985	$	456

	Three Months ended March 31, 2015				Three Months ended March 31, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
	(dollars in thousands)
Commercial	$	79	$	1	$	271	$	2
Real estate — commercial		1,780		16		5,882		54
Other real estate construction		339		1		1,953		3
Real estate 1 — 4 family construction		19		—		373		5
Real estate — residential		5,434		51		7,675		78
Home equity		60		1		298		2
Consumer loans		48		—		112		2
Other loans		—		—		—		—
Total	$	7,759	$	70	$	16,564	$	146

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Allowance for Loan Losses - Summary of Performing and Nonperforming Loans by Class (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 308,633	$ 310,853
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,916	47,418
Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	92,903	92,517
Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	22,691	22,362
Real Estate 1-4 Family Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,094	3,888
Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	86,922	89,367
Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,607	46,360
Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,104	8,460
Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	396	481
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	305,882	308,607
Performing [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,916	47,418
Performing [Member] | Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	91,836	91,723
Performing [Member] | Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	22,464	22,020
Performing [Member] | Real Estate 1-4 Family Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,094	3,888
Performing [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	85,519	88,270
Performing [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	46,553	46,347
Performing [Member] | Consumer loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	8,104	8,460
Performing [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	396	481
Non-Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	2,751	2,246
Non-Performing [Member] | Real estate - commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,067	794
Non-Performing [Member] | Other Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	227	342
Non-Performing [Member] | Residential Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,403	1,097
Non-Performing [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 54	$ 13

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Investment Securities - Amortized Cost and Fair Value of Held to Maturity Securities Portfolio (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Due after one but within five years, Amortized Cost	$ 1,686
Due after five but within ten years, Amortized Cost	8,798
Due after ten years, Amortized Cost	982
Total Securities held for maturity, Amortized Cost	11,466
Due after one but within five years	1,702
Due after five but within ten years	8,795
Due after ten years	976
Total Securities held for maturity, Estimated Fair Value	11,473	5,450
Due after one but within five years	2.73%
Due after five but within ten years	2.64%
Due after ten years	2.58%
Total securities held to maturity, Book Yield	2.65%
U.S. Treasury [Member]
Schedule of Held-to-maturity Securities [Line Items]
Due after one but within five years, Amortized Cost	2,050
Total Securities held for maturity, Amortized Cost	2,050
Due after one but within five years	2,034
Total Securities held for maturity, Estimated Fair Value	2,034
Due after one but within five years	2.23%
Total securities held to maturity, Book Yield	2.23%
State and Political Subdivisions [Member]
Schedule of Held-to-maturity Securities [Line Items]
Due after five but within ten years, Amortized Cost	5,042
Due after ten years, Amortized Cost	982
Total Securities held for maturity, Amortized Cost	6,024
Due after five but within ten years	5,038
Due after ten years	976
Total Securities held for maturity, Estimated Fair Value	6,014
Due after five but within ten years	2.75%
Due after ten years	2.58%
Total securities held to maturity, Book Yield	2.73%
Corporate Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Due after one but within five years, Amortized Cost	1,686
Due after five but within ten years, Amortized Cost	1,706
Total Securities held for maturity, Amortized Cost	3,392
Due after one but within five years	1,702
Due after five but within ten years	1,723
Total Securities held for maturity, Estimated Fair Value	$ 3,425	$ 3,397
Due after one but within five years	2.73%
Due after five but within ten years	2.79%
Total securities held to maturity, Book Yield	2.76%

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Consolidated Statements of Income (Unaudited) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Reclassification from accumulated other comprehensive income	$ 225	$ 21
Tax effect on amount reclassified from accumulated Other comprehensive income	$ 87	$ 8

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Comprehensive Income

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Comprehensive Income

Note 2 — Comprehensive Income

The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale.

The following table presents the changes in accumulated other comprehensive income for the three months ended March 31, 2015 and 2014:

	Unrealized holding gains (losses) on available-for-sale Securities (net)
	Three months ended March 31, 2015			Three months ended March 31, 2014
	(dollars in thousands)
Beginning Balance	$	305		$	(562	)
Other comprehensive income (loss) before reclassifications, net of $199,000 and $177,000 tax effect, respectively		355			341
Amounts reclassified from accumulated other comprehensive income, net of $87,000 and $8,000 tax effect		(138	)		(13	)
net current-period other comprehensive loss		217			328
Ending Balance	$	522		$	(234	)

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Fair Values of Financial Instruments and Interest Rate Risk - Comparison of Carrying Amounts and Estimated Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
FINANCIAL ASSETS
Securities held to maturity	$ 11,473	$ 5,450
Loans held for investment, net	304,904	307,115
Accrued interest receivable	1,542	1,747
FINANCIAL LIABILITIES
Accrued interest payable	181	180
Carrying Value [Member]
FINANCIAL ASSETS
Cash and cash equivalents	54,032	50,791
Securities available for sale	105,530	112,824
Securities held to maturity	11,466	5,496
Loans held for investment, net	304,904	307,115
Loans held for sale	401	2,147
Restricted stock	1,039	1,038
Accrued interest receivable	1,542	1,747
FINANCIAL LIABILITIES
Deposits	451,851	456,435
Short-term borrowings	4,790	4,685
Long-term borrowings	22	24
Junior subordinated debt	9,534	9,534
Accrued interest payable	181	180
Estimated Fair Value [Member]
FINANCIAL ASSETS
Cash and cash equivalents	50,826	50,826
Securities available for sale	105,530	112,824
Securities held to maturity	11,473	5,450
Loans held for investment, net	312,876	321,295
Loans held for sale	401	2,147
Restricted stock	1,039	1,038
Accrued interest receivable	1,542	1,747
FINANCIAL LIABILITIES
Deposits	444,567	442,655
Short-term borrowings	4,790	4,685
Long-term borrowings	22	24
Junior subordinated debt	9,698	9,703
Accrued interest payable	181	180
Level 1 [Member]
FINANCIAL ASSETS
Cash and cash equivalents	47,605	47,605
Securities available for sale	19,355	19,386
Securities held to maturity	2,034	2,053
Restricted stock	1,039	1,038
Level 2 [Member]
FINANCIAL ASSETS
Cash and cash equivalents	3,221	3,221
Securities available for sale	86,175	93,438
Securities held to maturity	9,439	3,397
Loans held for sale	401	2,147
FINANCIAL LIABILITIES
Short-term borrowings	4,790	4,685
Long-term borrowings	22	24
Level 3 [Member]
FINANCIAL ASSETS
Loans held for investment, net	312,876	321,295
Accrued interest receivable	1,542	1,747
FINANCIAL LIABILITIES
Deposits	444,567	442,655
Junior subordinated debt	9,698	970
Accrued interest payable	$ 181	$ 180

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Troubled Debt Restructures (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Breakdown of Types of Concessions Made by Loan Class

For the three months ended March 31, 2015 and 2014, the following table presents a breakdown of the types of concessions made by loan class:

	For the three months ended March 31, 2015
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Other:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		2		188		183
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
Total		2	$	188	$	183

	For the three months ended March 31, 2014
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(dollars in thousands)
Extend payment terms:
Commercial		—	$	—	$	—
Real estate — commercial		—		—		—
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		—		—		—
Home equity		—		—		—
Consumer loans		1		39		34
Other loans		—		—		—
		1	$	39	$	34
Other:
Commercial		—	$	—	$	—
Real estate — commercial		1		344		269
Other real estate construction		—		—		—
Real estate 1 —  4 family construction		—		—		—
Real estate —  residential		9		1,287		1,253
Home equity		—		—		—
Consumer loans		—		—		—
Other loans		—		—		—
		10	$	1,631	$	1,522
Total		11	$	1,670	$	1,556

Schedule of Successes and Failures of Types of Debt Restructuring

The following table presents the successes and failures of the types of modifications within the previous twelve months as of March 31, 2015 and 2014:

	Paid In Full				Paying as restructured				Converted to nonaccrual				Foreclosure/ Default
	Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments		Number of Loans		Recorded Investments
	(dollars in thousands)
March 31, 2015
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		50		—		—		—		—
Forgiveness of Principal
Other		1		116		8		1,419		—		—		—		—
Total		1	$	116		9	$	1,469		—	$	—		—	$	—
March 31, 2014
Below market
Interest rate		—	$	—		—	$	—		—	$	—		—	$	—
Extended payment
Terms		—		—		1		34		—		—		—		—
Forgiveness of Principal		—		—		—		—		—		—		—		—
Other		—		—		10		1,522		—		—		—		—
Total		—	$	—		11	$	1,556		—	$	—		—	$	—

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Investment Securities - Sales and Calls of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Gross proceeds from sales	$ 5,143	$ 328
Gross realized gains from sales/calls	225	21
Gross realized losses from sales/calls	0	0
Net realized gains	$ 225	$ 21

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Recent Accounting Pronouncements

3 Months Ended

Mar. 31, 2015

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Note 12 — Recent Accounting Pronouncements

In February 2015, the FASB issued ASU 2015-02, an update to Topic 810 “Consolidation”. This modifies the consolidation model for reporting organizations under both the variable interest model and the voting interest model. The ASU is generally expected to reduce the number of situations where consolidation is required; however, in certain circumstances, the ASU may result in companies consolidating entities previously unconsolidated. This ASU will require all legal entities to reevaluate previous consolidation conclusions under the revised model and will be effective for periods beginning after December 15, 2015. Early adoption is permitted. A reporting entity may apply the ASU by using a modified retrospective approach (by recording a cumulative-effect adjustment to equity as of the beginning of the year of adoption) or a full retrospective approach (by restating all periods presented). The adoption of this update will not have a significant impact on the Company’s consolidated financial statements.

In January 2015, the FASB issued ASU 2015-01, an update to subtopic 225-20 “Income Statement — Extraordinary and Unusual Items”. This update was issued as part of the FASB’s simplification initiative, which aims to reduce unnecessary cost and complexity within U.S. GAAP by issuing ASUs to simplify the guidance while retaining or improving the usefulness of information included in the financial statements. Subtopic 225-20 requires an entity to separately classify, present, and disclose extraordinary events and transactions. In response to feedback received from users and preparers the FASB issued this ASU to eliminate the concept of extraordinary items. The amendments in this ASU are effective for fiscal years (and interim periods within those fiscal years), beginning after December 15, 2015 and may be adopted early. Entities may apply this ASU either prospectively or retrospectively. As recognition and disclosure of extraordinary items have become rare, we do not anticipate a significant impact to financial reporting from implementation of ASU 2015-01. The adoption of this update will not have a significant impact on the Company’s consolidated financial statements

In January 2014, the FASB issued ASU 2014-04, an update to ASC 310 “Receivables — Troubled Debt Restructurings by Creditors”. The amendments in this update clarify that if an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The update is effective for reporting periods beginning after December 15, 2014. The Company evaluated this update and it does not have a material impact on the Company’s consolidated financial statements. The Company did have $1.2 million in foreclosed residential real estate and $1.8 million of residential real estate in process of foreclosure.

From time to time the FASB issues exposure drafts of proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts.

Reclassification

Certain amounts in the 2014 financial statements have been reclassified to conform to the 2015 presentation. These reclassifications do not have an impact on net income or shareholders’ equity.