May 19th, 2026

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Heather Almond

Chief Financial Officer, UB, UCC

Good morning and thank you for joining us today. Here at Uwharrie our responsibility as a management team begins with stewardship, protecting and growing the financial strength of your company in a disciplined and a thoughtful way.

So, like many of you, I am also a shareholder and I do take that responsibility personally and today I’m happy to report that over the past year we’ve continued to operate from a position of strength. Our balance sheet remains solid, our capital levels are strong and our credit quality reflects a consistent and a conservative approach to risk.

As of year-end your company remains above the billion-dollar asset threshold with continued growth driven by the deposits of the local communities that we serve. That growth is broad-based and diversified, reflecting a true community bank model rather than a concentration in any single geographic area.

For the year, your company generated strong core earnings from operations and that reflects the consistency and the durability of the business model. In an environment that’s been marked by economic uncertainty, changing interest rates and continued pressure across the banking industry our focus here at Uwharrie has remained steady.

Measured growth, sound governance and long-term decision-making. Because here we are intentional in how we grow. We are disciplined in how we price risk and we are thoughtful in how we manage liquidity and capital. And that discipline shows up in our financial results, but more importantly it shows up in the stability and the flexibility of your company.

The deposit base that we have remains strong and core in nature, supporting a solid liquidity position for Uwharrie. We maintain our liquidity levels above regulatory expectations and access to multiple sources of funding allow us the ability to respond to changing market conditions as needed.

Here at Uwharrie we view the financial performance not as a result of short-term opportunities but as the outcome of consistent execution over time. And it’s built really through thousands of decisions, large and small, made with a long-term perspective. And that perspective is grounded in ownership.

Because we are locally owned, we do think differently. We’re not driven by quarterly expectations alone. We’re focused on preserving the strength of this company for the long term, for you, our shareholders, for our customers and for the communities that we serve.

Our earnings continue to reflect that discipline with a focus on core recurring income generated through our operations. That consistency supports long-term value creation and it allows us to reinvest back into the communities that we serve and participate in every day.

Our goal is simple: to deliver consistent long-term value for you, our shareholders. That value is reflected not only in our financial results but also in the resilience and the stability of this organization. So as we look ahead, we remain committed to operating with the same discipline that has defined us. Focused, measured and responsible in every environment.

Thank you for the opportunity to be here with you today.

Jason Andrew

Chief Operations Officer, UB

Good morning. As Heather shared, our financial performance reflects discipline and strength. Today, I would like to share how that performance is delivered day in and day out, and how we are preparing the organization for what comes next.

When we talk about operations, we’re really talking about one thing: how we serve our customers every single day. Every transaction, every phone call, every interaction shapes the experience people have with us. And that experience is evolving.

Customers expect speed, simplicity and accessibility, but they also want trust, local decision-making and consistency. We are focusing on delivering all of those. One way we are starting to do this is through thoughtful use of artificial intelligence. We are not replacing people, but we’re utilizing them to support them.

We’ve begun integrating AI into certain areas of our operations to help our teams work more efficiently, assisting with research, summarizing information and will begin helping associates move faster with better insight. The goal is simple: reduce time spent on manual work and increase time spent serving our customers.

At the same time, we are continuing to build out our customer care center, a call center which we will view as a virtual branch. This will allow us to serve our customers consistently and quickly, regardless of the location and needs. Whether someone is opening up account, resolving an issue or receiving loan support, this centralized team is designed to deliver the same high-quality experience every time.

We are also taking a measured and disciplined approach to the emerging areas like digital assets and stable coins. These technologies are still evolving but we believe they will play a role in the future of financial services, particularly in how money moves and how assets are held. Our focus is to stay informed, stay prepared and to position the bank to participate where it makes sense for our customers and our communities.

But I want to be clear, none of this changes who we are. We are still the local bank. Our associates still know our customers. Decisions are still made here in our communities. Technology is simply helping us do what we’ve always done, just better.

In closing, our operations remain strong. With talented teams, a focus on execution and thoughtful investment for our future, we are well-positioned to continue delivering for our customers and creating long-term value for our shareholders.

Thank you.

David Beaver

President, UB

Good morning. Thank you Jason. Thank you Heather. What you’ve heard today reflects the strengths of our company and the consistency of how we operate. Today, my focus is to connect all that back to our purpose, our customers, our communities and the responsibilities we carry within them.

At Uwharrie, banking is not just a transaction, it’s about relationships and ultimately, ownership. Our teams live and work in the communities we serve. We’re invested here and that creates a different level of responsibility and accountability in how we do business.

We don’t just complete transactions, we assist our neighbors in their financial service needs. That means when we support a small business, help a family buy a home, or work with clients through our wealth and investment services, we’re thinking long-term. Our success is not defined only by closing, but by the sustainability and long-term success of our neighbors.

That’s what ownership looks like in practice. It also shapes how we make decisions. Our decisions are made locally by people who understand the markets, understand the customers and understand the impacts those decisions will have on each of our communities. And because those decisions are made locally, we can move with a level of responsiveness and understanding that is difficult to replicate in a larger organization.

We know our markets; we know the challenges each of our communities’ face and we also know the opportunities that exist within them. Our strategic focus is built on that foundation. Commercial lending, retail banking, mortgage and wealth services working together to deliver thoughtful, coordinated solutions designed for the long-term best interest of all pillars of the Uwharrie family, the customer, the shareholder, the associate and our community.

We also recognize that strong communities do not happen by accident. They’re built over time through investment, partnership and people willing to stay engaged and committed to the purpose. That is why we continue to invest locally, support local businesses and remain active in the communities that we serve.

We believe that a strong community bank should contribute to the long-term health and vitality of its markets. Because when ownership is local, you think differently. You think longer term. You act with greater care and you remain committed even through challenging cycles. That connection between ownership and community impact continues to guide our company forward.

Thank you.

Roger Dick

President & Chief Executive Officer, UCC

Good morning and thank you Heather and Jason and David for your comments. I wanted to add that I’m very pleased and I think you as shareholders should be pleased that we have in place a very seasoned and capable young management team. That should give us all comfort that we’ve got good leadership going forward.

And these three that you just heard from, there are a number of other people that are a part of the organization and the management team that are making their contributions and translating the mission of our company into a service that is resulting in the performance that we are enjoying.

So as we focus on people and we focus on community and our civic capital, we’re seeing as you are learning from the financial reports and the slick glossy that we put together, our company is being ranked among the top and the best in the nation in financial performance. And I attribute that to our focus on having the right kind of value.

So what happens when you take a group of people and you put them together with shared vision and the right kind of values about community? Some pretty special and powerful things happen.

We’re able to, in the neighborhoods and the communities that we serve, I’m seeing evidence that we are making a difference and we are able to see those communities and local neighborhoods and economies, they are strengthened.

And to be able to do that, to make a contribution about making our part of the world a little better place and that be reflected also in a financial report card that says we’re doing a good job doing that, I think is sort of the best kind of reward and the very essence of what our theme is this year, created for a purpose.

So whether it be individually or collectively, we learned that we’re really all here to look after our neighbor and each other. And when we do that in the right kind of spirit, it’s very powerful and I attribute that to the success of what is taking place here at Uwharrie and will continue to differentiate us from just being about transactions.

The thing I’m most proud of is that we remain about people and being able to make the decisions that are up close and personal because we care. But we know our customers, and we’re not about transactions. We’re about building communities, helping families, businesses, local churches and hospitals deliver on all the things that are necessary for a healthy, vibrant, good place to live kind of neighborhoods that we hope to be able to participate.

So while Uwharrie is prospering, it’s I think just a reflection of the prosperity that we’re helping to contribute to in all those communities and those places that we’re serving. So thank you for your continued trust and investment as a shareholder. If you’re not a customer, we have some excellent services and you can access everything by your phone or your home computer if you don’t live in a place where we have a branch.

We welcome you to participate as a customer as well as a shareholder. So we’re off to another good start in 2026. We are thankful for you and your support and we look forward to continuing on our journey, helping to make a difference in the places that we all call home. God bless you and thank you for your time.

I do recommend that if you have not read the copy in our glossy (Created for a Purpose) that we’ve also mailed to you. We put a lot of effort and energy into that to try to talk about what differentiates us and why an investment in Uwharrie is important. So if you haven’t read that, I know a lot of people look at it like a high school annual. They look at the pictures.

But I also ask if you would take the time to read the copy and you will learn a little bit more about your company and our purpose for being.

Thank you.