---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-020844"
form_type: "8-K"
ticker: "UWHR"
cik: "0000898171"
company_name: "UWHARRIE CAPITAL CORP"
filed_at: "2022-05-20T23:59:59+00:00"
generated_at: "2026-06-25T08:58:45.984984+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Uwharrie Capital Q1 net income drops to $801K from $4.6M; mortgage production slows

## Summary
- Net income available to common shareholders $662K ($0.10 EPS) vs $4.4M ($0.61 EPS) YoY.
- Total assets reached $974M, up 17% from $833M a year ago.
- Deposits increased $139M since March 31, 2021.
- Mortgage division production slowed substantially due to rising long-term interest rates.
- Plans to strengthen diversification of revenue streams for long-term sustainability.

## SEC filing metadata
- accession: 0001564590-22-020844
- form_type: 8-K
- ticker: UWHR
- cik: 0000898171
- company_name: UWHARRIE CAPITAL CORP
- filed_at: 2022-05-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898171/000156459022020844/0001564590-22-020844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898171/000156459022020844/uwhr-8k_20220520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-020844
- JSON: https://secwatch.observer/filing/0001564590-22-020844.json
- Plain text: https://secwatch.observer/filing/0001564590-22-020844.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.