---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000004"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:56:09.902053+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares FY2022 net income $12.6M ($2.81 EPS); Q4 dividend raised 2.9% to $0.36

## Summary
- Net income for 2022 $12.6M ($2.81 EPS), down from $13.2M ($2.94 EPS) in 2021.
- Total assets $1.34B (+10.9%); loans $960.7M (+19.8%) driven by retained residential and commercial real estate.
- Net interest income $39.4M, up $3.7M; noninterest income declined $4.0M due to lower mortgage gains.
- Quarterly dividend raised 2.9% to $0.36, payable Feb 2, 2023 to holders of record Jan 28, 2023.
- Loan demand sound, asset quality stable; recession risk cited for 2023.

## SEC filing metadata
- accession: 0000706863-23-000004
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686323000004/0000706863-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000004/unb-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000004
- JSON: https://secwatch.observer/filing/0000706863-23-000004.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000004.txt

## Key facts
- Earnings Releases
  UNION BANKSHARES INC reported the three months and year ended December 31, 2022 results: net income $12.6 million, EPS $2.81 per share.
  - Period: the three months and year ended December 31, 2022
  - Net income: $12.6 million
  - EPS: $2.81 per share
  - Result: reported results
  source text: Consolidated net income was $12.6 million, or $2.81 per share, compared to $13.2 million, or $2.94 per share, for the year ended December 31, 2022, and 2021, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000004/0000706863-23-000004-index.htm

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