2015 Q1 Form 10-Q Financial Statement

#000119312515170954 Filed on May 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $4.446M $4.579M
YoY Change -2.9% -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 $240.0K $220.0K
YoY Change 9.09% -8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $446.0K $548.0K
YoY Change -18.61% -31.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $910.0K $805.0K
YoY Change 13.04% -31.66%
Income Tax $273.0K $268.0K
% Of Pretax Income 30.0% 33.29%
Net Earnings $491.0K $391.0K
YoY Change 25.58% -40.76%
Net Earnings / Revenue 11.04% 8.54%
Basic Earnings Per Share $0.07 $0.05
Diluted Earnings Per Share $0.07 $0.05
COMMON SHARES
Basic Shares Outstanding 7.101M shares 7.334M shares
Diluted Shares Outstanding 7.101M shares 7.334M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $54.03M $60.87M
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 $14.69M $15.36M
YoY Change -4.32% 8.14%
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 $515.1M $515.6M
YoY Change -0.09% -5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K
YoY Change 0.0% -33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $4.790M $5.887M
YoY Change -18.63% -51.35%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K
YoY Change 0.0% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $9.600M $9.600M
YoY Change 0.0% -24.41%
Other Long-Term Liabilities $5.300M $4.800M
YoY Change 10.42% -62.2%
Total Long-Term Liabilities $14.90M $14.40M
YoY Change 3.47% -43.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K
Total Long-Term Liabilities $14.90M $14.40M
Total Liabilities $471.7M $472.6M
YoY Change -0.2% -7.33%
SHAREHOLDERS EQUITY
Retained Earnings $11.47M $10.68M
YoY Change 7.35%
Common Stock $20.31M $8.992M
YoY Change 125.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.29M $30.57M
YoY Change
Total Liabilities & Shareholders Equity $515.1M $515.6M
YoY Change -0.09% -5.72%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $491.0K $391.0K
YoY Change 25.58% -40.76%
Depreciation, Depletion And Amortization $240.0K $220.0K
YoY Change 9.09% -8.33%
Cash From Operating Activities $3.620M $2.172M
YoY Change 66.67% -71.99%
INVESTING ACTIVITIES
Capital Expenditures $74.00K $1.793M
YoY Change -95.87% 1064.29%
Acquisitions
YoY Change
Other Investing Activities $4.360M -$9.040M
YoY Change -148.23% -47.56%
Cash From Investing Activities $4.290M -$10.83M
YoY Change -139.62% -37.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $41.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.670M -2.863M
YoY Change 63.12% -867.56%
NET CHANGE
Cash From Operating Activities 3.620M 2.172M
Cash From Investing Activities 4.290M -10.83M
Cash From Financing Activities -4.670M -2.863M
Net Change In Cash 3.240M -11.52M
YoY Change -128.13% 24.33%
FREE CASH FLOW
Cash From Operating Activities $3.620M $2.172M
Capital Expenditures $74.00K $1.793M
Free Cash Flow $3.546M $379.0K
YoY Change 835.62% -95.01%

Facts In Submission

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307115000
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
969000
CY2014Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
6645000
CY2014Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
0
CY2014Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
5496000
CY2014Q4 us-gaap Loans Receivable Held For Sale Net
LoansReceivableHeldForSaleNet
2147000
CY2014Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
506000
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4250000
CY2014Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
46000
CY2014Q4 us-gaap Other Assets
OtherAssets
8969000
CY2014Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
5865000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
31944000
CY2014Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
46000
CY2014Q4 us-gaap Assets
Assets
518464000
CY2014Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
8288000
CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
3985000
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
1747000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
62000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
634000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
572000
CY2014Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
634000
CY2014Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
6807000
CY2014Q4 us-gaap Federal Reserve Bank Stock
FederalReserveBankStock
532000
CY2014Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
306603000
CY2014Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
5496000
CY2014Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2014Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
46000
CY2014Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
3576000
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
17834000
CY2014Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
112824000
CY2014Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
1038000
CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
303292000
CY2014Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
5450000
CY2014Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
310853000
CY2014Q4 us-gaap Loans And Leases Receivable Other Net Of Deferred Income
LoansAndLeasesReceivableOtherNetOfDeferredIncome
310860000
CY2014Q4 uwhr Number Of Government Agency Bond
NumberOfGovernmentAgencyBond
13 Security
CY2014Q4 uwhr Deferred Loan Fees Costs Net
DeferredLoanFeesCostsNet
-7000
CY2014Q4 uwhr Financial Receivables Recorded Investment Loans Thirty To Eighty Nine Days Past Due
FinancialReceivablesRecordedInvestmentLoansThirtyToEightyNineDaysPastDue
2004000
CY2014Q4 uwhr Time Deposits250000 Or More Domestic
TimeDeposits250000OrMoreDomestic
9865000
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
94341 shares
CY2014 uwhr Number Of Mortgage Backed Securities Related To Unrealized Losses
NumberOfMortgageBackedSecuritiesRelatedToUnrealizedLosses
8 Security
CY2014 uwhr Number Of Treasury Note Related To Unrealized Losses
NumberOfTreasuryNoteRelatedToUnrealizedLosses
1 Security
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2172000
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7334426 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
7506156 shares
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2014Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
11 Contract
CY2014Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
171730 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7334426 shares
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
12790000
CY2014Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
97000
CY2014Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4455000
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4031000
CY2014Q1 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
317000
CY2014Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4059000
CY2014Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
146000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
328000
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
328000
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
1596000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
21000
CY2014Q1 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
-473000
CY2014Q1 us-gaap Profit Loss
ProfitLoss
537000
CY2014Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-146000
CY2014Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-1644000
CY2014Q1 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
93000
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-360000
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
805000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
328000
CY2014Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-96000
CY2014Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
21000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
719000
CY2014Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
65000
CY2014Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2014Q1 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
937000
CY2014Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
96000
CY2014Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
41000
CY2014Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
4579000
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1793000
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
8000
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
341000
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
391000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
391000
CY2014Q1 us-gaap Interest Paid
InterestPaid
579000
CY2014Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
1000
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
518000
CY2014Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
1000
CY2014Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
162000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
865000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
21000
CY2014Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
33000
CY2014Q1 us-gaap Interest Expense
InterestExpense
548000
CY2014Q1 us-gaap Professional Fees
ProfessionalFees
157000
CY2014Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
506000
CY2014Q1 us-gaap Equipment Expense
EquipmentExpense
170000
CY2014Q1 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
25000
CY2014Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3006000
CY2014Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-424000
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-11520000
CY2014Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
218000
CY2014Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
112000
CY2014Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
1556000
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
268000
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
5246000
CY2014Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-31000
CY2014Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
179000
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-2863000
CY2014Q1 us-gaap Occupancy Net
OccupancyNet
286000
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
177000
CY2014Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
378000
CY2014Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
496000
CY2014Q1 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
1670000
CY2014Q1 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2014Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-1499000
CY2014Q1 us-gaap Marketing Expense
MarketingExpense
146000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-10829000
CY2014Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
540000
CY2014Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
211000
CY2014Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
30000
CY2014Q1 us-gaap Supplies Expense
SuppliesExpense
65000
CY2014Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
157000
CY2014Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
18000
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
21000
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
177000
CY2014Q1 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
-1596000
CY2014Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
170000
CY2014Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2014Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0
CY2014Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
228000
CY2014Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
363000
CY2014Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16564000
CY2014Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
85000
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
146000
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1849000
CY2014Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
6369000
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
146000
CY2014Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
264000
CY2014Q1 us-gaap Interest Expense Time Deposits Less Than100000
InterestExpenseTimeDepositsLessThan100000
251000
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
13000
CY2014Q1 uwhr Impairment Of Foreclosed Real Estate
ImpairmentOfForeclosedRealEstate
9000
CY2014Q1 uwhr Change In Employee Stock Option Liability Net
ChangeInEmployeeStockOptionLiabilityNet
148000
CY2014Q1 uwhr Electronic Banking Expense
ElectronicBankingExpense
239000
CY2014Q1 uwhr Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
64000
CY2014Q1 uwhr Financed Sales Of Other Real Estate Owned
FinancedSalesOfOtherRealEstateOwned
0
CY2014Q1 uwhr Increase Decrease In Fair Value Of Securities For Sale Net Of Tax
IncreaseDecreaseInFairValueOfSecuritiesForSaleNetOfTax
328000
CY2014Q1 uwhr Service Charges On Deposit Accounts
ServiceChargesOnDepositAccounts
378000
CY2014Q1 uwhr Interest Earning Deposits With Banks And Federal Funds Sold
InterestEarningDepositsWithBanksAndFederalFundsSold
45000
CY2014Q1 uwhr Software Amortization And Maintenance
SoftwareAmortizationAndMaintenance
118000
CY2014Q1 uwhr Payments For Loan Originations
PaymentsForLoanOriginations
5432000
CY2014Q1 uwhr Accretion Amortization Of Discounts And Premiums Investments Available For Sale
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale
231000
CY2014Q1 uwhr Payments Of Dividends And Discount Accretion On Minority Interest
PaymentsOfDividendsAndDiscountAccretionOnMinorityInterest
146000
CY2014Q1 uwhr Interest Expense Time Deposits250000 Or More
InterestExpenseTimeDeposits250000OrMore
12000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2015Q1 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
252446 shares
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
UWHARRIE CAPITAL CORP
CY2015Q1 dei Trading Symbol
TradingSymbol
UWHR
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3621000
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;), 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.</p> </div>
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6961338 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6961338 shares
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000898171
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12607 shares
CY2015Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Reclassification</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> 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&#x2019; equity.</p> </div>
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6961338 shares
CY2015Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
4412000
CY2015Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
6034000
CY2015Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
57000
CY2015Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4062000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4000000
CY2015Q1 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
333000
CY2015Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3910000
CY2015Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
70000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
217000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
217000
CY2015Q1 us-gaap Noninterest Income
NoninterestIncome
2073000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
225000
CY2015Q1 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
53000
CY2015Q1 us-gaap Profit Loss
ProfitLoss
637000
CY2015Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
1000
CY2015Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-2273000
CY2015Q1 us-gaap Interest Income Securities Us Treasury
InterestIncomeSecuritiesUSTreasury
84000
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-48000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
910000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
5143000
CY2015Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-205000
CY2015Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
225000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
708000
CY2015Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
82000
CY2015Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0
CY2015Q1 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
982000
CY2015Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
10000
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
41000
CY2015Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
30000
CY2015Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
4446000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
87000
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
355000
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
491000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
491000
CY2015Q1 us-gaap Interest Paid
InterestPaid
445000
CY2015Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
157000
CY2015Q1 us-gaap Equipment Expense
EquipmentExpense
167000
CY2015Q1 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
11000
CY2015Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3092000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
4288000
CY2015Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
491000
CY2015Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
562000
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
31000
CY2015Q1 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-22000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
554000
CY2015Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-22000
CY2015Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
501000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
854000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
225000
CY2015Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
210000
CY2015Q1 us-gaap Interest Expense
InterestExpense
446000
CY2015Q1 us-gaap Professional Fees
ProfessionalFees
151000
CY2015Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-62000
CY2015Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
41000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3241000
CY2015Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
239000
CY2015Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
102000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
273000
CY2015Q1 us-gaap Noninterest Expense
NoninterestExpense
5225000
CY2015Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1000
CY2015Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
176000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4668000
CY2015Q1 us-gaap Occupancy Net
OccupancyNet
284000
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
199000
CY2015Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
105000
CY2015Q1 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2015Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-4584000
CY2015Q1 us-gaap Marketing Expense
MarketingExpense
193000
CY2015Q1 us-gaap Supplies Expense
SuppliesExpense
49000
CY2015Q1 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
135000
CY2015Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
12000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
225000
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
199000
CY2015Q1 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
-2000
CY2015Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
166000
CY2015Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2015Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0
CY2015Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
119000
CY2015Q1 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
331000
CY2015Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7759000
CY2015Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
70000
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
146000
CY2015Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
11953000
CY2015Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
14747000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
146000
CY2015Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
489000
CY2015Q1 us-gaap Interest Expense Time Deposits Less Than100000
InterestExpenseTimeDepositsLessThan100000
207000
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
138000
CY2015Q1 uwhr Number Of Loans Removed From Troubled Debt Restructurings Status
NumberOfLoansRemovedFromTroubledDebtRestructuringsStatus
1
CY2015Q1 uwhr Impairment Of Foreclosed Real Estate
ImpairmentOfForeclosedRealEstate
45000
CY2015Q1 uwhr Change In Employee Stock Option Liability Net
ChangeInEmployeeStockOptionLiabilityNet
-67000
CY2015Q1 uwhr Electronic Banking Expense
ElectronicBankingExpense
251000
CY2015Q1 uwhr Troubled Debt Restructuring Default Past Due Period
TroubledDebtRestructuringDefaultPastDuePeriod
P90D
CY2015Q1 uwhr Reclass To Mezzanine Capital Value
ReclassToMezzanineCapitalValue
68000
CY2015Q1 uwhr Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
149000
CY2015Q1 uwhr Financed Sales Of Other Real Estate Owned
FinancedSalesOfOtherRealEstateOwned
0
CY2015Q1 uwhr Increase Decrease In Fair Value Of Securities For Sale Net Of Tax
IncreaseDecreaseInFairValueOfSecuritiesForSaleNetOfTax
217000
CY2015Q1 uwhr Short Term Debt Maturity Period
ShortTermDebtMaturityPeriod
P1Y
CY2015Q1 uwhr Number Of Mortgage Backed Securities Related To Unrealized Losses
NumberOfMortgageBackedSecuritiesRelatedToUnrealizedLosses
2 Security
CY2015Q1 uwhr Service Charges On Deposit Accounts
ServiceChargesOnDepositAccounts
330000
CY2015Q1 uwhr Record Preferred Stock Cost Noncontrolling Interest
RecordPreferredStockCostNoncontrollingInterest
103000
CY2015Q1 uwhr Record Preferred Stock Dividend Noncontrolling Interest
RecordPreferredStockDividendNoncontrollingInterest
36000
CY2015Q1 uwhr Interest Earning Deposits With Banks And Federal Funds Sold
InterestEarningDepositsWithBanksAndFederalFundsSold
37000
CY2015Q1 uwhr Software Amortization And Maintenance
SoftwareAmortizationAndMaintenance
150000
CY2015Q1 uwhr Financing Receivable Recorded Investment Number Of Period Past Due For Non Accrual Status
FinancingReceivableRecordedInvestmentNumberOfPeriodPastDueForNonAccrualStatus
P90D
CY2015Q1 uwhr Payments For Loan Originations
PaymentsForLoanOriginations
12500000
CY2015Q1 uwhr Accretion Amortization Of Discounts And Premiums Investments Available For Sale
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAvailableForSale
307000
CY2015Q1 uwhr Accretion Amortization Of Discounts And Premiums Investments Held To Maturity
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsHeldToMaturity
33000
CY2015Q1 uwhr Payments Of Dividends And Discount Accretion On Minority Interest
PaymentsOfDividendsAndDiscountAccretionOnMinorityInterest
146000
CY2015Q1 uwhr Interest Expense Time Deposits250000 Or More
InterestExpenseTimeDeposits250000OrMore
11000

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