secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000706863-25-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q4 net income flat at $3.0M; FY net income down 22% to $8.8M
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- Q4 2024 net income $3.0M, EPS $0.67 vs $3.0M, $0.68 in Q4 2023.
- FY 2024 net income $8.8M ($1.94 EPS) vs $11.3M ($2.50 EPS) in FY 2023.
- Total loans grew 12.6% to $1.16B; deposits fell to $1.17B (no brokered deposits).
- Credit loss expense increased to $930K from a $499K benefit; asset quality remains strong.
- Quarterly dividend declared $0.36/share, payable Feb 6, 2025 to holders of record Jan 25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000004/0000706863-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000004/unb-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000004

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