secwatch.observer — SEC 8-K summary
======================================

Issuer:     UWHARRIE CAPITAL CORP (UWHR)
CIK:        0000898171
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001564590-22-037828
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Uwharrie Capital reports 9-month net income $5.3M ($0.69/share), down 40% from prior year
--------------------------------------------------------------------------------

- Net income for first nine months of 2022 was $5.3M ($0.69 per share), compared to $8.9M ($1.14) in 2021.
- Mortgage banking income declined sharply due to rising rates; $1.4M recovery from loan loss reserve.
- Total assets reached $1.04B, up $118M YoY; loan growth ex-PPP was 16%.
- Book value per share fell to $3.07 from $7.02 due to $34.1M AOCI unrealized loss on AFS securities.
- Board declared a 2.5% stock dividend, payable Nov 22 to holders of record Nov 8, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898171/000156459022037828/0001564590-22-037828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898171/000156459022037828/uwhr-8k_20221116.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-037828

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer