The Stanly News and Press (Albemarle, NC)

Local News

November 14, 2012

Uwharrie Capital reports financial notices

Wednesday, November 14, 2012 — Uwharrie Capital Corp. and its subsidiary banks, Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust, reported consolidated total assets of $534.9 million at Sept. 30, 2012 versus $526.9 million at Dec. 31, 2011. Net income for the nine-month period ended Sept. 30, 2012 was $1.4 million versus $1.2 million for the same period in 2011.  For each of the nine-month period ended Sept. 30, 2012 and Sept. 30, 2011, net income available to common shareholders was $879,000 and $689,000 respectively. Net income available to shareholders takes into consideration the payment of dividends on preferred stock issued by the company.

Net income for the three month period ended Sept. 30, 2012 was $262,000 versus $255,000 for the same period in 2011. For each of the three-month period ended Sept. 30, 2012 and Sept. 30, 2011, net income available to common shareholders was $101,000 and $94,000 respectively.

Uwharrie Capital Corp. offers a full range of financial solutions through its financial services companies including Bank of Stanly, Anson Bank and Trust, Cabarrus Bank and Trust, Strategic Investment Group and Strategic Investment Advisors.

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