---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000069"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T14:12:10.557483+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q3 net income down 48% to $1.3M; declares $0.36 dividend

## Summary
- Q3 2024 net income $1.3M ($0.29 EPS) vs $2.5M ($0.56 EPS) in Q3 2023, down 48%.
- Sale of $38.8M lower-yielding securities for $1.3M pre-tax loss drove earnings decline.
- Total assets $1.52B (+8.9% YoY); loans $1.13B; deposits $1.17B.
- Dividend $0.36/share declared, payable Nov 7 to holders of record Oct 26.
- Credit loss expense $425K vs benefit $139K in prior year, due to loan growth, not deterioration.

## SEC filing metadata
- accession: 0000706863-24-000069
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000069/0000706863-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000069/unb-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000069
- JSON: https://secwatch.observer/filing/0000706863-24-000069.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000069.txt

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