2015 Q4 Form 10-Q Financial Statement

#000119312515363438 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $4.468M $4.654M
YoY Change -4.0% -4.59%
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 $220.0K $240.0K
YoY Change -4.35% -8.33% 100.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $438.0K $470.0K
YoY Change -6.81% -26.22%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $160.0K $784.0K $590.0K
YoY Change 77.78% 32.88% 121.8%
Income Tax $10.00K $223.0K $191.0K
% Of Pretax Income 6.25% 28.44% 32.37%
Net Earnings $0.00 $412.0K $250.0K
YoY Change 64.8% 133.64%
Net Earnings / Revenue 9.22% 5.37%
Basic Earnings Per Share $0.06 $0.03
Diluted Earnings Per Share $0.00 $0.06 $0.03
COMMON SHARES
Basic Shares Outstanding 6.876M shares 7.174M 7.456M shares
Diluted Shares Outstanding 7.174M 7.456M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $68.93M $58.27M $54.80M
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 $14.67M $14.75M $15.01M
YoY Change -1.29% -1.71% 8.09%
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 $532.2M $527.1M $517.0M
YoY Change 2.65% 1.95% -2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.758M $5.232M $3.771M
YoY Change 22.9% 38.74% -37.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $9.500M $9.600M $9.600M
YoY Change -1.04% 0.0% -14.29%
Other Long-Term Liabilities $5.700M $5.900M $5.500M
YoY Change 18.75% 7.27% -26.67%
Total Long-Term Liabilities $15.20M $15.50M $15.10M
YoY Change 5.56% 2.65% -19.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $200.0K
Total Long-Term Liabilities $15.20M $15.50M $15.10M
Total Liabilities $488.9M $483.2M $473.3M
YoY Change 2.79% 2.09% -3.0%
SHAREHOLDERS EQUITY
Retained Earnings $11.89M $11.87M $10.98M
YoY Change 8.37% 8.18% 2.98%
Common Stock $21.04M $21.00M $9.127M
YoY Change 3.05% 130.03% -2.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.72M $33.34M $31.37M
YoY Change
Total Liabilities & Shareholders Equity $532.2M $527.1M $517.0M
YoY Change 2.65% 1.95% -2.63%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $0.00 $412.0K $250.0K
YoY Change 64.8% 133.64%
Depreciation, Depletion And Amortization $220.0K $220.0K $240.0K
YoY Change -4.35% -8.33% 100.0%
Cash From Operating Activities -$5.330M $1.010M $660.0K
YoY Change 566.25% 53.03% -84.1%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$140.0K -$80.00K
YoY Change -26.32% 75.0% -366.67%
Acquisitions
YoY Change
Other Investing Activities $10.51M -$3.880M -$3.790M
YoY Change -318.5% 2.37% -154.38%
Cash From Investing Activities $10.37M -$4.020M -$3.870M
YoY Change -307.4% 3.88% -155.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.620M 10.09M 5.210M
YoY Change 213.97% 93.67% -433.97%
NET CHANGE
Cash From Operating Activities -5.330M 1.010M 660.0K
Cash From Investing Activities 10.37M -4.020M -3.870M
Cash From Financing Activities 5.620M 10.09M 5.210M
Net Change In Cash 10.66M 7.080M 2.000M
YoY Change -365.84% 254.0% -79.14%
FREE CASH FLOW
Cash From Operating Activities -$5.330M $1.010M $660.0K
Capital Expenditures -$140.0K -$140.0K -$80.00K
Free Cash Flow -$5.190M $1.150M $740.0K
YoY Change 750.82% 55.41% -82.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Q3
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2015
dei Amendment Flag
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us-gaap Weighted Average Number Of Shares Issued Basic
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dei Document Type
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10-Q
dei Entity Central Index Key
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0000898171
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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Smaller Reporting Company
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Entity Registrant Name
EntityRegistrantName
UWHARRIE CAPITAL CORP
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
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dei Document Period End Date
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2015-09-30
us-gaap Use Of Estimates
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<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 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.</p> </div>
dei Trading Symbol
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UWHR
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302000
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102000
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311000
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488000
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8 Security
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250000
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5000
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986000
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97000
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2000
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5000
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69000
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4654000
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37000
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5000
CY2014Q3 us-gaap Interest Income Securities Other Us Government
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310000
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ComprehensiveIncomeNetOfTax
-58000
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4455000
CY2014Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
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282000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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590000
CY2014Q3 us-gaap Interest Income Securities Corporate Debt Operating
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7000
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
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4405000
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231000
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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-305000
CY2014Q3 us-gaap Interest Income Securities Us Treasury
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94000
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92000
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91000
CY2014Q3 us-gaap Noninterest Income
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1963000
CY2014Q3 us-gaap Income Tax Expense Benefit
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191000
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183000
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DividendsPreferredStock
0
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109000
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610000
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3000
CY2014Q3 us-gaap Interest Expense
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470000
CY2014Q3 us-gaap Interest Expense Time Deposits Less Than100000
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131000
CY2014Q3 us-gaap Other Noninterest Expense
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572000
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149000
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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-28000
CY2014Q3 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
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70000
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139000
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-271000
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Losses
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0
CY2014Q3 us-gaap Supplies Expense
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74000
CY2014Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
60000
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
278000
CY2014Q3 us-gaap Equipment Expense
EquipmentExpense
164000
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3093000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-156000
CY2014Q3 us-gaap Professional Fees
ProfessionalFees
210000
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
5000
CY2014Q3 us-gaap Noninterest Expense
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5828000
CY2014Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
181000
CY2014Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
2000
CY2014Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8423000
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
149000
CY2014Q3 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
11000
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AllowanceForLoanAndLeaseLossesOther
0
CY2014Q3 uwhr Service Charges On Deposit Accounts
ServiceChargesOnDepositAccounts
367000
CY2014Q3 uwhr Interest Earning Deposits With Banks And Federal Funds Sold
InterestEarningDepositsWithBanksAndFederalFundsSold
36000
CY2014Q3 uwhr Electronic Banking Expense
ElectronicBankingExpense
214000
CY2014Q3 uwhr Software Amortization And Maintenance
SoftwareAmortizationAndMaintenance
140000
CY2014Q3 uwhr Interest Expense Time Deposits250000 Or More
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117000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
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7034958 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
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0 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7034958 shares
CY2015Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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1 Contract
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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7034958 shares
CY2015Q3 us-gaap Earnings Per Share Basic
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0.06
CY2015Q3 us-gaap Net Income Loss
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412000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
555000
CY2015Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
121000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
367000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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412000
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3936000
CY2015Q3 us-gaap Profit Loss
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561000
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4030000
CY2015Q3 us-gaap Fees And Commissions Other
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1040000
CY2015Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
59000
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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69000
CY2015Q3 us-gaap Interest And Dividend Income Operating
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4468000
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331000
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779000
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4353000
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706000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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784000
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120000
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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367000
CY2015Q3 us-gaap Interest Income Securities Us Treasury
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33000
CY2015Q3 us-gaap Noninterest Income Other Operating Income
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161000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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928000
CY2015Q3 us-gaap Noninterest Income
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2365000
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223000
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221000
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0
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259000
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438000
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176000
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149000
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76000
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188000
CY2015Q3 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
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69000
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139000
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0
CY2015Q3 us-gaap Supplies Expense
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58000
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76000
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102000
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272000
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184000
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3460000
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188000
CY2015Q3 us-gaap Professional Fees
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173000
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5934000
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194000
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17000
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6051000
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149000
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12000
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0
CY2015Q3 uwhr Service Charges On Deposit Accounts
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338000
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47000
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265000
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SoftwareAmortizationAndMaintenance
142000
CY2015Q3 uwhr Interest Expense Time Deposits250000 Or More
InterestExpenseTimeDeposits250000OrMore
25000

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