secwatch.observer — SEC 8-K summary
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Issuer:     UWHARRIE CAPITAL CORP (UWHR)
CIK:        0000898171
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001564590-23-007401
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Uwharrie Capital Q1 net income to common $1.8M, EPS $0.26 vs $0.09, total assets $1.05B
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- Net income available to common $1.8M ($0.26 EPS) in Q1 2023 vs $662K ($0.09 EPS) in Q1 2022.
- Total assets $1.05B as of Mar 31, 2023, up $72M from prior year; loan growth 13.7% YoY.
- Loan-to-deposit ratio ~54%, reflecting conservative balance sheet management.
- Adopted CECL, reducing retained earnings by $1.9M and doubling allowance for credit losses.
- Company emphasizes experienced risk management and compliance with banking regulations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898171/000156459023007401/0001564590-23-007401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898171/000156459023007401/uwhr-8k_20230524.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-007401

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