secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000706863-23-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686323000004/0000706863-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686323000004/unb-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000706863-23-000004

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