{"schema_version":"secwatch.filing_event.v1","accession":"0000706863-23-000051","form_type":"8-K","ticker":"UNB","cik":"0000706863","company_name":"UNION BANKSHARES INC","filed_at":"2023-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.448383+00:00","generated_at":"2026-06-13T06:40:27.844180+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Union Bankshares Q2 net income down 7.9% to $2.7M; EPS $0.60; declares $0.36 dividend","bullets":["Q2 2023 net income $2.7M ($0.60 EPS) vs $2.9M ($0.65 EPS) a year ago, a decrease of $232K.","Net interest income $9.6M, down 0.5% YoY; interest expense rose 384.9% in first half due to higher rates.","Total assets $1.3B, loans $940.2M; deposits $1.1B including $138M brokered deposits and $120.5M FHLB advances.","Vermont floods closed one branch (Johnson); reopened Jeffersonville via drive-up; assisting customers.","Quarterly cash dividend of $0.36/share declared, payable Aug 3, 2023 to holders of record Jul 29."],"urls":{"canonical":"https://secwatch.observer/filing/0000706863-23-000051","json":"https://secwatch.observer/filing/0000706863-23-000051.json","markdown":"https://secwatch.observer/filing/0000706863-23-000051.md","text":"https://secwatch.observer/filing/0000706863-23-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/706863/000070686323000051/0000706863-23-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/706863/000070686323000051/unb-20230719.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:40:27.844180+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"355fcb4e3339bfae51c3e7a7c5e7335132fdfff7","claim":"UNION BANKSHARES INC reported the three months ended June 30, 2023 results: revenue $9.6 million, net income $2.7 million, EPS $0.60 per share.","evidence_excerpt":"in noninterest income of $203 thousand, a reduction of $96 thousand in credit loss expense and a decrease in income tax expense of $175 thousand. Net interest income was $9.6 million for the three months ended June 30, 2023 compared to $9.7 million for the three months ended June 30, 2022, a decrease of $53 thousand, or 0.5%. Interest income was $13.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/706863/000070686323000051/0000706863-23-000051-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$9.6 million"},{"label":"Net income","value":"$2.7 million"},{"label":"EPS","value":"$0.60 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6f68412e88c3ea45f6f534f5e869596e50bd8faf","claim":"UNION BANKSHARES INC reported the six months ended June 30, 2023 results: revenue $26.8 million, net income $5.7 million, EPS $1.26 per share.","evidence_excerpt":"loss expense of $22 thousand, and a decrease of $138 thousand in income tax expense, partially offset by an increase in noninterest expenses of $1.1 million. Interest income was $26.8 million for the six months ended June 30, 2023 compared to $20.1 million for the comparable period in 2022, an increase of $6.7 million, or 33.4%, due to a larger earning asset base and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/706863/000070686323000051/0000706863-23-000051-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$26.8 million"},{"label":"Net income","value":"$5.7 million"},{"label":"EPS","value":"$1.26 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}