---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000059"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:56:49.918389+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q2 net income falls 25% to $2.0M; declares $0.36 dividend

## Summary
- Net income $2.0M ($0.45/sh) vs $2.7M ($0.60/sh) in Q2 2023.
- Net interest income $9.5M, down 1.4%; credit loss expense $388K vs benefit $96K.
- Total assets $1.40B (+4.8% YoY); loans $1.01B; deposits $1.05B down from $1.12B.
- Quarterly dividend $0.36/sh payable Aug 1 to holders of record July 27.
- Unrealized losses on AFS securities $45.1M; accumulated OCI loss $35.2M.

## SEC filing metadata
- accession: 0000706863-24-000059
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000059/0000706863-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000059/unb-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000059
- JSON: https://secwatch.observer/filing/0000706863-24-000059.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000059.txt

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