Uwharrie Capital Corp Reports 2nd Quarter Earnings
Tuesday, July 24th 2007 - Albemarle, NC - Uwharrie Capital Corp, reported second quarter earnings of $717 thousand up from $441 thousand which represents an increase of 62.6% for the same period last year.
For the six months ending June 30, 2007, earnings are $1.375 million compared to $867 thousand for the first six months of 2006, representing a 58.6% increase. Total assets ended the quarter at $424 million, up from $365 million, June 30, 2006, representing 7.8% growth in assets.
Roger Dick, Chief Executive Officer, said, “We are pleased with these results as the economies we serve have continued to improve from the general downsizing of jobs. Likewise, we have excellent overall asset quality at a time when other peer banks are reporting deterioration of asset quality.”
Other favorable developments include the continued growth of the company’s non-interest income which exceeds $3 million year to date through June 30 and has increased 19.5% over last year.
Uwharrie Capital Corp, located in Albemarle, NC, is a $411 million multi-bank holding company and the parent of Anson
Bank & Trust, Bank of Stanly, Cabarrus Bank & Trust, Strategic Investment Group and Strategic Investment Advisors.
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2007 Annual Meeting of Shareholders | Slideshow
Tuesday, May 8th 2007 - Albemarle, NC - Shareholders of Uwharrie Capital Corp learned about their company’s development and future plans during the Company’s recent Annual Meeting ... |
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