secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0000706863-25-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q2 net income $2.4M ($0.53/sh), up 18.6% YoY; declares $0.36 dividend
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- Net income $2.4M ($0.53/sh) for Q2 2025 vs $2.0M ($0.45/sh) in Q2 2024, an 18.6% increase.
- Total loans grew 9.8% YoY to $1.11B, driving asset growth to $1.48B (+5.9%).
- Asset quality strong with net recoveries; credit loss expense fell to $221k from $388k.
- Board declared quarterly cash dividend of $0.36/share, payable Aug 7, 2025 to holders of record July 26.
- Book value per share rose to $15.66 from $14.16; total equity $71.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000088/0000706863-25-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686325000088/unb-20250716.htm
  HTML page:      https://secwatch.observer/filing/0000706863-25-000088

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