secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000706863-25-000057
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q1 net income $2.5M, EPS $0.55 vs $0.53 YoY; loans up 12.3%
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- Net income $2.5M ($0.55 EPS) vs $2.4M ($0.53) YoY; net interest income rose $1.3M to $10.3M.
- Total assets $1.52B (+$107M YoY); loans $1.16B (+$128M or 12.3%).
- Quarterly cash dividend $0.36/share declared Apr 16, payable May 1, 2025 to record holders Apr 26.
- Credit loss expense $235K (vs benefit of $230K in prior year) to support loan growth, not credit deterioration.
- Annual meeting scheduled May 21, 2025 at Vermont State University Johnson Campus at 3:00pm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000057/0000706863-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000057/unb-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000057

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