secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000706863-22-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000054/0000706863-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000054/unb-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000706863-22-000054

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