secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000706863-24-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000059/0000706863-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000059/unb-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000706863-24-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer