secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0000706863-26-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q1 net income rises to $3.0M, EPS $0.65; declares $0.36 dividend
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- Net income $3.0M ($0.65 diluted EPS) vs $2.5M ($0.55) in Q1 2025, up 20%.
- Total assets grew 6.6% to $1.63B; loans up 1.3% to $1.18B; deposits $1.20B, down from $1.81B YoY.
- Net interest income up 10% to $1.0M increase; credit loss benefit $325K vs expense $235K prior year.
- Noninterest expenses up 9.8% to $10.8M, driven by salaries and wages.
- Dividend $0.36/share payable May 7 to record Apr 27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000038/0000706863-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000038/unb-20260415.htm
  HTML page:      https://secwatch.observer/filing/0000706863-26-000038

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