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The earthen dam was intact Friday morning, the weather service said in an update, but water has been moving over it and into Blackwater Creek about 2 miles southwest of downtown Lynchburg.

Some of Lynchburg is already flooded.

Lynchburg has been hammered by heavy rain over the past few days, which has raised water levels inside the dam.

More than 150 people had been removed from the possible path of dam waters, Luann Hunt, a spokesperson for the city of Lynchburg, told ABC News. Since then, the city has continued to analyze the dam to determine how to move forward.

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Almost a hundred people have been evacuated from their homes in Lynchburg, Va., after an intense storm amid concerns that an aging dam might fail and unleash unsafe floodwaters.

The west-central Virginia city near the Blue Ridge Mountains has received plenty of runoff from recent rains, with 4 to 6 inches falling in the area Thursday evening and filling College Lake beyond its capacity.

Local fire and police sent boats to rescue people to area shelters, including E.C.Glass High School and Sandusky Middle School. In all, some 26 million people live where a flash flood watch is in effect.

College Lake is a manmade lake, built in the early 1930s by the Virginia Department of Highways as part of the development of U.S. Highway 460, west of Lynchburg.

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The weather service said Friday that water levels have decreased but the "the threat of for dam failure continues". The original surface area of the lake was reported to be 44 acres and has been reduced to 19 acres due to sedimentation.

But there was good news on Friday as engineers examined the dam and said it survived in good shape. The road, now US 221, needed expansion and improvement.

The National Weather Service in Blacksburg has issued a Flash Flood Warning for The Blackwater Creek below College Lake Dam in Lynchburg until 3:15 am.

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