---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-25-000002"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:32:46.879638+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q4 net income $3.0M ($0.67/sh); FY net income $8.8M, down 22% YoY

## Summary
- Full-year 2024 net income $8.8M ($1.94/sh) vs $11.3M ($2.50/sh) in 2023; Q4 net income $3.0M ($0.67/sh) vs $3.05M ($0.68/sh).
- Loan portfolio grew 12.6% to $1.16B; deposits fell to $1.17B from $1.31B due to elimination of $153M brokered deposits.
- Pre-tax loss of $1.3M from Q3 strategic bond sale lowered 2024 earnings; credit loss expense rose to $930K from a $499K benefit.
- Quarterly dividend declared at $0.36/sh, payable Feb 6, 2025 to shareholders of record Jan 25, 2025.

## SEC filing metadata
- accession: 0000706863-25-000002
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/706863/000070686325000002/0000706863-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686325000002/unb-20250115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-25-000002
- JSON: https://secwatch.observer/filing/0000706863-25-000002.json
- Plain text: https://secwatch.observer/filing/0000706863-25-000002.txt

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