---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000071"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:04:46.421922+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q3 net income falls to $1.3M from $2.5M; EPS $0.29 vs $0.56

## Summary
- Net income $1.32M ($0.29 EPS) vs $2.53M ($0.56 EPS) in Q3 2023; 9-month $5.76M ($1.27 EPS) vs $8.21M ($1.82 EPS).
- Sold $38.8M of lower-yielding AFS securities for a pre-tax loss of $1.3M; proceeds reinvested in higher-yielding assets expected to recoup loss in ~12 months.
- Total assets grew to $1.52B from $1.40B, loans to $1.13B; deposits decreased to $1.17B from $1.22B, borrowings increased to $240.7M.
- Book value per share rose to $15.98 from $10.92 YoY, helped by reduced AOCI loss ($26.8M vs $47.1M).
- Dividend declared $0.36 per share, payable Nov 7, 2024 to holders of record Oct 26, 2024; regular quarterly rate unchanged.

## SEC filing metadata
- accession: 0000706863-24-000071
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000071/0000706863-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000071/unb-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000071
- JSON: https://secwatch.observer/filing/0000706863-24-000071.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000071.txt

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