Uwharrie Capital Corp. Files 2024 10-K
Ticker: UWHR · Form: 10-K · Filed: 2025-03-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, financials, banking
TL;DR
UWHR 2024 10-K filed. Bank financials look steady.
AI Summary
Uwharrie Capital Corp. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly known as Stanly Capital Corp. until March 3, 1993, is incorporated in North Carolina and operates in the commercial banking sector. Its principal business address is 132 North First Street, Albemarle, NC.
Why It Matters
This filing provides a comprehensive overview of Uwharrie Capital Corp.'s financial performance and condition for the fiscal year 2024, crucial for investors and stakeholders to assess the company's stability and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard annual report for a publicly traded company, indicating routine financial disclosure rather than an immediate crisis.
Key Numbers
- 0000898171 — Central Index Key (Unique identifier for the filer)
- 6022 — Standard Industrial Classification (Industry classification for State Commercial Banks)
Key Players & Entities
- UWHARRIE CAPITAL CORP (company) — Filer
- STANLY CAPITAL CORP (company) — Former Company Name
- 19930303 (date) — Date of Name Change
- 20241231 (date) — Fiscal Year End
- 20250306 (date) — Filing Date
- NC (state) — State of Incorporation
- 7049836181 (phone_number) — Business Phone
FAQ
What was Uwharrie Capital Corp.'s primary business segment in 2024?
Uwharrie Capital Corp.'s primary business segment in 2024 was Banking, Mortgage, and Wealth Management.
What is the company's main physical address?
The company's main business address is 132 North First Street, Albemarle, NC.
When did the company change its name from Stanly Capital Corp?
The company changed its name from Stanly Capital Corp on March 3, 1993.
What is the fiscal year end date for this filing?
The fiscal year end date for this filing is December 31, 2024.
What is the SIC code for Uwharrie Capital Corp?
The Standard Industrial Classification (SIC) code for Uwharrie Capital Corp. is 6022, which corresponds to State Commercial Banks.
From the Filing
0000950170-25-034396.txt : 20250306 0000950170-25-034396.hdr.sgml : 20250306 20250306133020 ACCESSION NUMBER: 0000950170-25-034396 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 128 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250306 DATE AS OF CHANGE: 20250306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UWHARRIE CAPITAL CORP CENTRAL INDEX KEY: 0000898171 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 561814206 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22062 FILM NUMBER: 25714532 BUSINESS ADDRESS: STREET 1: 132 NORTH FIRST STREET STREET 2: PO BOX 338 CITY: ALBEMARLE STATE: NC ZIP: 28001 BUSINESS PHONE: 7049836181 MAIL ADDRESS: STREET 1: P O BOX 338 CITY: ALBEMARLE STATE: NC ZIP: 28002-0338 FORMER COMPANY: FORMER CONFORMED NAME: STANLY CAPITAL CORP DATE OF NAME CHANGE: 19930303 10-K 1 uwhr-20241231.htm 10-K 10-K NASDAQ false 0000898171 UWHR FY materially affected or are reasonably likely to materially affect the Company http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201613Member http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201613Member http://fasb.org/us-gaap/2024#USTreasuryBillSecuritiesMember P5Y P10Y 10 P3Y P5Y http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember http://fasb.org/us-gaap/2024#AccumulatedOtherComprehensiveIncomeLossNetOfTax 0000898171 uwhr:RealEstateCommercialMember us-gaap:SpecialMentionMember 2024-12-31 0000898171 uwhr:BankingMortgageAndWealthManagementSegmentMember us-gaap:OperatingSegmentsMember 2024-12-31 0000898171 us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2024-12-31 0000898171 uwhr:WatchesMember uwhr:ResidentialRealEstateLoanMember 2024-12-31 0000898171 uwhr:ResidentialRealEstateLoanMember us-gaap:PassMember 2024-12-31 0000898171 uwhr:OtherLoansMember uwhr:CommercialMember 2022-12-31 0000898171 uwhr:AccountingStandardsUpdated2014-09Member 2023-01-01 2023-12-31 0000898171 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquitySecuritiesMember 2023-12-31 0000898171 uwhr:CommercialLoansMember uwhr:CommercialMember 2024-12-31 0000898171 us-gaap:HomeEquityLoanMember 2023-01-01 2023-12-31 0000898171 uwhr:CreditCardCommitmentsMember 2023-12-31 0000898171 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000898171 uwhr:RealEstateCommercialMember uwhr:CommercialMember 2023-01-01 2023-12-31 0000898171 us-gaap:AccountingStandardsUpdate201602Member 2023-12-31 0000898171 us-gaap:FinancialAssetNotPastDueMember uwhr:CommercialRealEstateLoanMember 2024-12-31 0000898171 uwhr:FinancialNonaccrualLoansMember us-gaap:HomeEquityLoanMember 2023-12-31 0000898171 uwhr:TenYearsSubordinatedDebtMember 2024-12-31 0000898171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000898171 us-gaap:USStatesAndPoliticalSubdivisionsMember 2024-12-31 0000898171 srt:MaximumMember 2024-12-31 0000898171 us-gaap:FinancialAssetNotPastDueMember uwhr:OtherLoansMember 2024-12-31 0000898171 us-gaap:PerformingFinancingReceivableMember uwhr:RealEstateOneToFourFamilyConstructionMember 2023-12-31 0000898171 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000898171 uwhr:CommercialLoansMember us-gaap:PassMember 2024-12-31 0000898171 uwhr:CommercialRealEstateLoanMember uwhr:CommercialMember 2024-12-31 0000898171 us-gaap:AssetBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2024-12-31 0000898171 us-gaap:HomeEquityLoanMember us-gaap:PerformingFinancingReceivableMember 2023-12-31 0000898171 us-gaap:USGovernmentAgenciesDebtSecuritiesMember us-gaap: