secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000706863-22-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q3 net income $3.8M, EPS $0.84; declares $0.35 dividend
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- Net income $3.8M in Q3 2022 vs $3.9M in Q3 2021; diluted EPS $0.84 vs $0.87.
- Loan sale fee income for 9 months fell to $748K from $4.0M year ago due to rising rates.
- Net interest income rose to $10.44M in Q3 from $9.15M; loans grew 19.3% to $942.5M.
- Investment securities unrealized loss of $51.8M from rate increases; credit quality satisfactory.
- Dividend maintained at $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/706863/000070686322000060/0000706863-22-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686322000060/unb-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000706863-22-000060

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