Uwharrie Bank

167 North Second Street
Albemarle, NC 28001

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD N.A. 2.36% →
2-Year CD N.A. 2.60% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Uwharrie Bank is an FDIC insured institution located in Albemarle, NC. It was founded in 1984 and has approximately $0.62 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 24919
Date Established 1984
Assets $0.62 billion
Loans $0.37 billion
Deposits $0.56 billion
Capital $0.06 billion
 

For a more detailed analysis of Uwharrie Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 12, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Uwharrie Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - November 12, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Uwharrie Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.631% 3.625% 0.13 $172 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Uwharrie Bank
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Branches

Uwharrie Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Uwharrie Bank Locations


Financial Details

Uwharrie Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Uwharrie Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Uwharrie Bank U.S. Bank Average
3.04% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Uwharrie Bank had $1,101,000 in non-current loans and $686,000 in owned real estate. To cover these potential losses it had $56,608,000 in equity and $2,179,000 in loans loss reserves. That gives it a Texas Ratio of 3.04%.

Return on Equity
Uwharrie Bank U.S. Bank Average
7.84% 9.50%

Uwharrie Bank has a Return on Equity of 7.84% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Uwharrie Bank U.S. Bank Average
9.06% 12.76%

Uwharrie Bank has a Capitalization of 9.06% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Uwharrie Bank Balance Sheet Analysis

As of June 30, 2019, Uwharrie Bank had assets of $624,984,000, loans of $374,904,000, and deposits of $558,466,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.11 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.37 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.57 billion
LIABILITIES
Total deposits $0.56 billion
      Interest-bearing deposits $0.52 billion
      Deposits held in domestic offices $0.56 billion
      % insured (estimated) 73.80%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.57 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Uwharrie Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, Uwharrie Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.38
Multifamily
Mortgages
0.53
Credit Card Loans 0.56
Consumer Auto Loans 0.86
Small Business Loans 13.76
Construction and Development Loans 7.55
Commercial Real Estate 37.81
Commercial and Industrial Loans 11.53
Farm Loans 0.00

Frequently Asked Questions About Uwharrie Bank

Branches and Savings

Is Uwharrie Bank FDIC insured?

Yes. It is covered under FDIC Certificate #24919.

Why does Uwharrie Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Uwharrie Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Uwharrie Bank a commercial bank?

Yes

Where are Uwharrie Bank locations?

See branch locations nearby.

Is Uwharrie Bank open on Saturdays?

Is Uwharrie Bank open on Sundays?

What time does Uwharrie Bank open?

What time does Uwharrie Bank close?

Are Uwharrie Bank ATMs Open 24/7?

Do Uwharrie Bank ATMs accept cash deposits?

Can Uwharrie Bank customers use other ATMs?

Do Uwharrie Bank branches have notaries?

Will Uwharrie Bank notarize my document?

What address for Uwharrie Bank should I put for incoming ACH transfers?

Will the Uwharrie Bank branch print checks?

Do Uwharrie Bank checks expire?

Does Uwharrie Bank require US citizenship to open account?

Can Uwharrie Bank close my account?

Does Uwharrie Bank Report to credit bureaus?

Does Uwharrie Bank Use Equifax?

What is Uwharrie Bank's ACH Routing Number?

What is Uwharrie Bank's SWIFT code?

Products

Does Uwharrie Bank offer mortgages?

Compare mortgage rates here.

Does Uwharrie Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Uwharrie Bank offer personal loans?

Compare personal loan rates here.

Does Uwharrie Bank offer student loans?

Will Uwharrie Bank cash a check?

Will Uwharrie Bank redeem a savings bond?

Does Uwharrie Bank cash savings bonds?

Will Uwharrie Bank cash money orders?

Can Uwharrie Bank issue a money order?

Does Uwharrie Bank do currency exchange?

Background on The Bank

Who owns Uwharrie Bank?

How long has Uwharrie Bank been around?

Can Uwharrie Bank transfer to other banks?

Does Uwharrie Bank have quick pay?

Does Uwharrie Bank accept rolled coins?

Will Uwharrie Bank accept loose change?

Where is Uwharrie Bank headquarters?

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