---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000053"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:37:56.948770+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q2 net income $2.7M ($0.60/share) down from $2.9M; deposits shift to brokered and FHLB borrowings

## Summary
- Net income Q2 2023: $2.7M ($0.60 EPS), vs $2.9M ($0.65) in Q2 2022; first half 2023 net income $5.7M ($1.26 EPS).
- Total assets $1.34B (+12% YoY); loans $940.2M (up from $823M); deposits $1.1B including $138M brokered.
- FHLB advances $120.5M at June 30, 2023 vs $0 a year ago; management cites rising funding cost pressure.
- Vermont flood in July damaged two branches; insurance covers repairs, no material financial impact expected.
- Quarterly dividend $0.36/share declared, payable Aug 3, 2023 to holders of record July 29, 2023.

## SEC filing metadata
- accession: 0000706863-23-000053
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/706863/000070686323000053/0000706863-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000053/unb-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000053
- JSON: https://secwatch.observer/filing/0000706863-23-000053.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000053.txt

## Key facts
- Earnings Releases
  UNION BANKSHARES INC reported for the three and six months ending June 30, 2023 results: revenue $13,803, net income $2.7 million, EPS $0.60 per share.
  - Period: for the three and six months ending June 30, 2023
  - Revenue: $13,803
  - Net income: $2.7 million
  - EPS: $0.60 per share
  - Result: reported results
  source text: Karyn J. Hale - Chief Financial Officer (3 months ended) (6 months ended) Dawn D. Bugbee Timothy W. Sargent - Secretary Cash and Due from Banks $ 4,351 $ 4,411 Interest Income $ 13,803 $ 10,404 $ 26,847 $ 20,130 Mary K. Parent Kristy Adams Alfieri - Assistant Secretary Nancy C. Putnam Federal Funds Sold & Overnight Deposits 31,452 20,885 Interest Expense 4,185
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000053/0000706863-23-000053-index.htm

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