UNION BANKSHARES INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
UNB$22.96+0.9%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets · (Dollars in thousands) | ||
| Cash and due from banks | $4,468 | $4,429 |
| Federal funds sold and overnight deposits | 42,793 | 73,237 |
| Cash and cash equivalents | 47,261 | 77,666 |
| Interest bearing deposits in banks | 13,445 | 14,690 |
| Investment securities available-for-sale | 244,935 | 264,383 |
| Other investments | 1,723 | 1,500 |
| Total investments | 246,658 | 265,883 |
| Loans held for sale | 8,449 | 3,070 |
| Loans | 1,117,461 | 1,028,270 |
| Allowance for credit losses on loans | (7,366) | (6,566) |
| Net deferred loan costs | 2,019 | 1,752 |
| Net loans | 1,112,114 | 1,023,456 |
| Premises and equipment, net | 20,460 | 20,771 |
| Other assets | 71,107 | 63,343 |
| Total assets | $1,519,494 | $1,468,879 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities | ||
| Deposits | ||
| Noninterest bearing | $233,770 | $250,992 |
| Interest bearing | 643,593 | 765,689 |
| Time | 295,900 | 288,922 |
| Total deposits | 1,173,263 | 1,305,603 |
| Borrowed funds | 240,696 | 65,696 |
| Subordinated notes | 16,264 | 16,239 |
| Accrued interest and other liabilities | 16,970 | 15,534 |
| Total liabilities | 1,447,193 | 1,403,072 |
| Commitments and Contingencies | ||
| Stockholders’ Equity | ||
| Common stock, $2.00 par value; 7,500,000 shares authorized; 4,999,220 shares issued at September 30, 2024 and 4,995,348 shares issued at December 31, 2023 | 9,999 | 9,991 |
| Additional paid-in capital | 3,089 | 2,621 |
| Retained earnings | 90,350 | 89,472 |
| Treasury stock at cost; 474,670 shares at September 30, 2024 and 476,500 shares at December 31, 2023 | (4,306) | (4,322) |
| Accumulated other comprehensive loss | (26,831) | (31,955) |
| Total stockholders' equity | 72,301 | 65,807 |
| Total liabilities and stockholders' equity | $1,519,494 | $1,468,879 |
Union Bankshares, Inc. Page 1
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.