---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-22-000054"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:36:26.044567+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q2 2022 EPS $0.65, down from $0.67; book value falls 27% on AOCI

## Summary
- Net income $2.9M ($0.65/share) in Q2, down from $3.0M ($0.67) in Q2 2021; H1 down to $5.4M from $5.9M.
- Book value per share dropped to $13.34 from $18.37 due to $28.4M AOCI loss from rising interest rates.
- Total assets $1.2B (+11.8% YoY); loans $823M (+5.1%); deposits $1.1B (+14.0%).
- Net interest income rose to $9.7M from $8.9M; lower PPP fees and gain-on-sale income partly offset.

## SEC filing metadata
- accession: 0000706863-22-000054
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686322000054/0000706863-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686322000054/unb-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-22-000054
- JSON: https://secwatch.observer/filing/0000706863-22-000054.json
- Plain text: https://secwatch.observer/filing/0000706863-22-000054.txt

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