secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000706863-24-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q1 net income falls 19% to $2.41M; EPS $0.53 vs $0.66
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- Net income of $2.41M vs $2.98M in Q1 2023; diluted EPS $0.53 vs $0.66.
- Net interest income declined $967K to $9.008M; noninterest expense rose $492K to $9.242M.
- Total loans grew 6.6% YoY to $1.04B; total assets up 4.1% to $1.42B.
- Credit loss expense was a benefit of $230K vs expense of $74K a year ago; no charge-offs.
- Board declared $0.36 quarterly dividend payable May 2, 2024 to holders of record April 27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000036/0000706863-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000036/unb-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000706863-24-000036

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