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FOR IMMEDIATE RELEASE
|Uwharrie Capital Corp|
|DATE:||February 16, 2012|
Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank and Trust and Cabarrus Bank and Trust, reported net income for the year ended December 31, 2011 of $900 thousand, an increase of $187 thousand compared to the prior year. Net income available to common shareholders was $255 thousand or $0.03 per common share this year compared to $68 thousand or $0.01 per common share for 2010. Net income available to common shareholders reflects the payment of dividends on preferred stock issued by the Company. At December 31, 2011 the Company had total assets of $527 million.
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The following information was filed by Uwharrie Capital Corp (UWHR) on Thursday, February 16, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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