secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K/A
Filed at:   2026-04-17T23:59:59+00:00
Accession:  0000706863-26-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q1 net income rises 20% to $0.65/sh; corrects prior deposit error
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- Q1 2026 net income $3.0M ($0.65 per share) vs $2.5M ($0.55) in Q1 2025, up 20%.
- Total deposits as of Mar 31, 2025 corrected to $1.18B from previously reported $1.81B.
- Total loans $1.18B (+1.3% YoY); book value per share up 13.1% to $17.46.
- Net interest income increased 10% to $11.3M; credit loss benefit of $325K vs expense $235K.
- Declared quarterly dividend of $0.36 per share, payable May 7, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000040/0000706863-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686326000040/unb-20260415.htm
  HTML page:      https://secwatch.observer/filing/0000706863-26-000040

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