secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000706863-22-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q3 net income slips 4.3% to $3.8M; declares $0.35 quarterly dividend
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- Q3 net income $3.8M ($0.84 diluted EPS) vs $3.9M ($0.87) in Q3 2021, a decrease of 4.3%.
- Nine-month net income $9.2M ($2.04/share) vs $9.8M ($2.18) prior year; net interest income up $2.6M, noninterest income down $3.3M.
- Total assets $1.3B (+12.3% YoY); loans $942.5M (+19.3%); deposits $1.2B (+11.9%); unrealized losses on AFS securities $51.8M.
- Declared regular quarterly cash dividend of $0.35 per share, payable Nov 3, 2022 to holders of record Oct 29, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000058/0000706863-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000058/unb-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000706863-22-000058

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