Uwharrie Capital Corp. reported earnings results for the third quarter ended September 30, 2009. For the third quarter of 2009, the company reported unaudited earnings of $290,000 available to common shareholders compared to $343,000 for the period in 2008. Taking into consideration the payment of dividends on preferred stock issued by the Company, net income available to shareholders at the end of the third quarter was $131,000.

Effective September 15, 2009, the board of directors of Uwharrie Capital Corp. amended the company's bylaws to increase the maximum term of a director of the company from six years to nine years without a break in tenure. A director may also serve any portion of an unexpired term or any special term to which such director may have been appointed or elected.

Uwharrie Capital Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported income before income taxes of $882,000, net income available to common shareholders of $463,000 or $0.06 per diluted share on total interest income of $6,182,000, compared to income before income taxes of $1,145,000, net income available to common shareholders of $772,000 or $0.10 per diluted share on total interest income of $6,350,000 for the same period last year. Net interest income was $4,186,000, compared to $3,921,000 for the same period last year. For the six month, the company reported income before income taxes of $2,242,000, net income available to common shareholders of $1,206,000 or $0.16 per diluted share on total interest income of $12,551,000, compared to income before income taxes of $2,294,000, net income available to common shareholders of $1,547,000 or $0.21 per diluted share on total interest income of $13,013,000 for the same period last year. Net interest income was $8,468,000, compared to $7,780,000 for the same period last year. The company recognized net impairment in earnings for the quarter was $204,000.