Am I Overweight I Weigh 147 Pounds And I'm 5'3?

Yes you are about 20 pounds overweigh
but you can lose that at least your not obese

The normal weight range for someone 5'3 is between 107 and 135.

At 147 pounds, you are 12 pounds overweight.

If you wanted to lose that weight, simply start eating fewer calories each day and exercise more(to make it easier to lose the weight).

Drop down to no less than 1,200 calories/day and work up to 1h of cardio several days a week and you'll drop the weight.

FYI, a good rate of loss is 1-2 pounds/week.  If you go as low as 1,200 calories and do a lot of cardio, you could get down within the 'normal' weight range a bit faster.

This explains in detail how to do that.

Yes I'm sorry you are just look at this chart:
Underweight =