secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000706863-25-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q1 net income $2.5M ($0.55/sh), up 3.5% YoY; declares $0.36 dividend
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- Net income $2.5M ($0.55 EPS) vs $2.4M ($0.53 EPS) in Q1 2024, up 3.5%.
- Total assets $1.52B (+7.6% YoY); loans $1.16B (+12.3% YoY).
- Net interest income $10.3M, up 14.0% YoY; credit loss expense $235K vs benefit of $230K.
- Cash dividend of $0.36/share declared, payable May 1, 2025 to holders of record Apr 26, 2025.
- Noninterest expenses rose 6.5% to $9.8M, driven by salaries and benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000055/0000706863-25-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000055/unb-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000055

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