2014 Q1 Form 10-Q Financial Statement

#000119312514185014 Filed on May 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $4.579M $4.820M
YoY Change -5.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $220.0K $240.0K
YoY Change -8.33% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $548.0K $796.0K
YoY Change -31.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $805.0K $1.178M
YoY Change -31.66% 28.04%
Income Tax $268.0K $415.0K
% Of Pretax Income 33.29% 35.23%
Net Earnings $391.0K $660.0K
YoY Change -40.76% -5.71%
Net Earnings / Revenue 8.54% 13.69%
Basic Earnings Per Share $0.05 $0.07
Diluted Earnings Per Share $0.05 $0.07
COMMON SHARES
Basic Shares Outstanding 7.334M shares 7.308M shares
Diluted Shares Outstanding 7.334M shares 7.308M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $60.87M $72.46M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $15.36M $14.20M
YoY Change 8.14% -5.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $515.6M $546.9M
YoY Change -5.72% 5.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $300.0K
YoY Change -33.33% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.887M $12.10M
YoY Change -51.35% -24.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $300.0K
YoY Change -33.33% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $9.600M $12.70M
YoY Change -24.41% -33.85%
Other Long-Term Liabilities $4.800M $12.70M
YoY Change -62.2% 323.33%
Total Long-Term Liabilities $14.40M $25.40M
YoY Change -43.31% 14.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $300.0K
Total Long-Term Liabilities $14.40M $25.40M
Total Liabilities $472.6M $510.0M
YoY Change -7.33% 7.89%
SHAREHOLDERS EQUITY
Retained Earnings $10.68M
YoY Change
Common Stock $8.992M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.57M $37.00M
YoY Change
Total Liabilities & Shareholders Equity $515.6M $546.9M
YoY Change -5.72% 5.46%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $391.0K $660.0K
YoY Change -40.76% -5.71%
Depreciation, Depletion And Amortization $220.0K $240.0K
YoY Change -8.33% 0.0%
Cash From Operating Activities $2.172M $7.753M
YoY Change -71.99% -533.13%
INVESTING ACTIVITIES
Capital Expenditures $1.793M $154.0K
YoY Change 1064.29% -173.33%
Acquisitions
YoY Change
Other Investing Activities -$9.040M -$17.24M
YoY Change -47.56% -228.75%
Cash From Investing Activities -$10.83M -$17.39M
YoY Change -37.74% -231.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.863M 373.0K
YoY Change -867.56% -104.61%
NET CHANGE
Cash From Operating Activities 2.172M 7.753M
Cash From Investing Activities -10.83M -17.39M
Cash From Financing Activities -2.863M 373.0K
Net Change In Cash -11.52M -9.266M
YoY Change 24.33% -380.79%
FREE CASH FLOW
Cash From Operating Activities $2.172M $7.753M
Capital Expenditures $1.793M $154.0K
Free Cash Flow $379.0K $7.599M
YoY Change -95.01% -580.95%

Facts In Submission

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426000
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CY2013Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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200000
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43000
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2239000
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373000
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171000
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237000
CY2013Q1 us-gaap Interest Expense
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CY2013Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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9000
CY2013Q1 us-gaap Increase Decrease In Other Operating Liabilities
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866000
CY2013Q1 us-gaap Available For Sale Securities Gross Realized Losses
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CY2013Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
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171000
CY2013Q1 us-gaap Interest Expense Time Deposits100000 Or More
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174000
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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4748000
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274000
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238000
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42000
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3092000
CY2013Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
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11000
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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14000
CY2013Q1 us-gaap Interest Expense Time Deposits Less Than100000
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213000
CY2013Q1 us-gaap Supplies Expense
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CY2013Q1 us-gaap Increase Decrease In Interest Payable Net
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CY2013Q1 us-gaap Income Tax Expense Benefit
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415000
CY2013Q1 uwhr Interest Earning Deposits With Banks And Federal Funds Sold
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55000
CY2013Q1 uwhr Impairment Of Foreclosed Real Estate
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30000
CY2013Q1 uwhr Service Charges On Deposit Accounts
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405000
CY2013Q1 uwhr Funds Moved From Escrow Liability To Noncontrolling Interest Subsidiary Issued Seriesb Preferred Stock Net Of Cost
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7376000
CY2013Q1 uwhr Post Modification Recorded Investments
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767000
CY2013Q1 uwhr Redemption Of Preferred Stock Series To Other Liabilities
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CY2013Q1 uwhr Financed Sales Of Other Real Estate Owned
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CY2013Q1 uwhr Software Amortization And Maintenance
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144000
CY2013Q1 uwhr Change In Employee Stock Option Liability Net
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55000
CY2013Q1 uwhr Electronic Banking Expense
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222000
CY2013Q1 uwhr Receivable Modifications Pre Modification Recorded Investments
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770000
CY2013Q1 uwhr Financing Receivable Modifications Subsequent Default Number Of Contracts During Period
FinancingReceivableModificationsSubsequentDefaultNumberOfContractsDuringPeriod
6 Loans
CY2013Q1 uwhr Financing Receivable Modifications Subsequent Default Recorded Investment During Period
FinancingReceivableModificationsSubsequentDefaultRecordedInvestmentDuringPeriod
546000
CY2013Q1 uwhr Increase Decrease In Fair Value Of Securities For Sale Net Of Tax
IncreaseDecreaseInFairValueOfSecuritiesForSaleNetOfTax
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CY2014Q1 dei Entity Registrant Name
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UWHARRIE CAPITAL CORP
CY2014Q1 dei Amendment Flag
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false
CY2014Q1 dei Entity Filer Category
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Smaller Reporting Company
CY2014Q1 dei Document Fiscal Year Focus
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CY2014Q1 dei Document Type
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10-Q
CY2014Q1 dei Document Period End Date
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2014-03-31
CY2014Q1 dei Entity Central Index Key
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0000898171
CY2014Q1 dei Current Fiscal Year End Date
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CY2014Q1 dei Document Fiscal Period Focus
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shares
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2172000
CY2014Q1 us-gaap Weighted Average Number Of Shares Issued Basic
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7190614 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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168363 shares
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11 Contract
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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162000
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1000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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328000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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328000
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
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12790000
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391000
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CY2014Q1 us-gaap Profit Loss
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CY2014Q1 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
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252446 shares
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4031000
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4455000
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719000
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21000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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865000
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96000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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805000
CY2014Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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33000
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21000
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4579000
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146000
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341000
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21000
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CY2014Q1 us-gaap Information Technology And Data Processing
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8000
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363000
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177000
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121000
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21000
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1849000
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45000
CY2014Q1 uwhr Number Of Mortgage Backed Securities Related To Unrealized Losses
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9 Security
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9000
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P90D
CY2014Q1 uwhr Service Charges On Deposit Accounts
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378000
CY2014Q1 uwhr Reclass To Mezzanine Capital Value
ReclassToMezzanineCapitalValue
-148000
CY2014Q1 uwhr Troubled Debt Restructuring Default Past Due Period
TroubledDebtRestructuringDefaultPastDuePeriod
P90D
CY2014Q1 uwhr Post Modification Recorded Investments
PostModificationRecordedInvestments
1556000
CY2014Q1 uwhr Financed Sales Of Other Real Estate Owned
FinancedSalesOfOtherRealEstateOwned
CY2014Q1 uwhr Increase In Employee Stock Ownership Plan Notes Receivable
IncreaseInEmployeeStockOwnershipPlanNotesReceivable
-9000
CY2014Q1 uwhr Software Amortization And Maintenance
SoftwareAmortizationAndMaintenance
118000
CY2014Q1 uwhr Change In Employee Stock Option Liability Net
ChangeInEmployeeStockOptionLiabilityNet
148000
CY2014Q1 uwhr Electronic Banking Expense
ElectronicBankingExpense
239000
CY2014Q1 uwhr Number Of Treasury Note Related To Unrealized Losses
NumberOfTreasuryNoteRelatedToUnrealizedLosses
1 Security
CY2014Q1 uwhr Receivable Modifications Pre Modification Recorded Investments
ReceivableModificationsPreModificationRecordedInvestments
1670000
CY2014Q1 uwhr Short Term Debt Maturity Period
ShortTermDebtMaturityPeriod
P1Y
CY2014Q1 uwhr Financing Receivable Modifications Subsequent Default Number Of Contracts During Period
FinancingReceivableModificationsSubsequentDefaultNumberOfContractsDuringPeriod
Loans
CY2014Q1 uwhr Financing Receivable Modifications Subsequent Default Recorded Investment During Period
FinancingReceivableModificationsSubsequentDefaultRecordedInvestmentDuringPeriod
CY2014Q1 uwhr Increase Decrease In Fair Value Of Securities For Sale Net Of Tax
IncreaseDecreaseInFairValueOfSecuritiesForSaleNetOfTax
328000
CY2014Q1 uwhr Exchange Of Unearned Employee Stock Ownership Plans Shares For Debt
ExchangeOfUnearnedEmployeeStockOwnershipPlansSharesForDebt
964000

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