• 84°

Uwharrie Capital reports increased assets

Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported consolidated total assets of $845.3 million at June 30, versus $827.8 million at Dec. 31, 2020.

Net income for the six-month period ended June 30 was $6.2 million versus $1.9 million for the same period in 2020. For the six months ended June 30, net income available to common shareholders was $5.9 million, or $0.84 per share, compared to $1.6 million, or $0.23 per
share, for June 30, 2020.

Net income available to common shareholders takes into consideration the payment of dividends on preferred stock issued by the Company.

Net income for both three-month periods ended June 30, 2021 and 2020 was $1.6 million. For the three months ended June 30, 2021 and 2020, net income available to common shareholders was $1.5 million, or $0.21 per share.

Contact Chief Financial Officer David Beaver at 704-991-1266 for further information.