---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-22-000049"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2022-07-20T23:59:59+00:00"
generated_at: "2026-06-24T11:46:10.380201+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q2 net income $2.9M ($0.65/sh) down 2% YoY; dividend held at $0.35

## Summary
- Q2 2022 net income $2.9M ($0.65 EPS) vs $3.0M ($0.67 EPS) in Q2 2021.
- Net interest income rose 8.4% to $9.7M; no provision for loan losses vs $75K last year.
- Noninterest income fell $974K, primarily due to $865K drop in residential loan sale gains.
- Six-month EPS $1.20 vs $1.31; total assets $1.2B (+11.8%); book value per share $13.34 vs $18.37.
- Unrealized losses on AFS securities $35.9M due to rising rates; $0.35 quarterly dividend declared.

## SEC filing metadata
- accession: 0000706863-22-000049
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2022-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686322000049/0000706863-22-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686322000049/unb-20220720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-22-000049
- JSON: https://secwatch.observer/filing/0000706863-22-000049.json
- Plain text: https://secwatch.observer/filing/0000706863-22-000049.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.