secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0000706863-22-000049
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000049/0000706863-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000049/unb-20220720.htm
  HTML page:      https://secwatch.observer/filing/0000706863-22-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer