---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000025"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:31:21.443460+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q1 net income up 20% to $2.98M; EPS $0.66 vs $0.55

## Summary
- Net income $2.98M, EPS $0.66, vs $2.48M, $0.55 YoY; net interest income $9.975M (+11.3%).
- Total assets $1.36B (+10.4%); loans $976.6M (+17.5%); deposits $1.23B incl $108M brokered.
- Quarterly dividend $0.36/share declared, payable May 4, 2023 to holders of record Apr 29.
- Only 28.5% of deposits uninsured vs 90%+ at failed SVB/Signature; FHLB advances $45.1M.
- Management cites unrealized bond losses but ample liquidity; no need for Fed emergency programs.

## SEC filing metadata
- accession: 0000706863-23-000025
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686323000025/0000706863-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000025/unb-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000025
- JSON: https://secwatch.observer/filing/0000706863-23-000025.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000025.txt

## Key facts
- Earnings Releases
  UNION BANKSHARES INC reported the first quarter of 2023 results: net income $2.98 million, EPS $0.66 per share.
  - Period: the first quarter of 2023
  - Net income: $2.98 million
  - EPS: $0.66 per share
  - Result: reported results
  source text: Consolidated net income for the first quarter was $2.98 million, or $0.66 per share compared to $2.48 million, or $0.55 per share, for the same period in 2022, an increase of $495 thousand, or 20.0%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000025/0000706863-23-000025-index.htm

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