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$22.55-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders' Equity
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY(Unaudited)
| Three Month Periods Ended September 30, 2024 and 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · Accumulatedothercomprehensive loss | |||||||
| Shares,net oftreasury · Amount · Additionalpaid-incapital · Retainedearnings · Treasurystock · Totalstockholders’equity | |||||||
| (Dollars in thousands, except per share data) | |||||||
| Balances June 30, 2024 | 4,523,867 | $9,999 | $2,928 | $90,654 | $(4,312) | $(35,223) | $64,046 |
| Net income | — | — | — | 1,324 | — | — | 1,324 |
| Other comprehensive income | — | — | — | — | — | 8,392 | 8,392 |
| Dividend reinvestment plan | 683 | — | 11 | — | 6 | — | 17 |
| Cash dividends declared ($0.36 per share) | — | — | — | (1,628) | — | — | (1,628) |
| Stock based compensation expense | — | — | 150 | — | — | — | 150 |
| Balances, September 30, 2024 | 4,524,550 | $9,999 | $3,089 | $90,350 | $(4,306) | $(26,831) | $72,301 |
| Balances June 30, 2023 | 4,509,573 | $9,969 | $2,465 | $87,136 | $(4,265) | $(36,251) | $59,054 |
| Net income | — | — | — | 2,532 | — | — | 2,532 |
| Other comprehensive loss | — | — | — | — | — | (10,812) | (10,812) |
| Dividend reinvestment plan | 832 | — | 12 | — | 8 | — | 20 |
| Cash dividends declared ($0.36 per share) | — | — | — | (1,623) | — | — | (1,623) |
| Stock based compensation expense | — | — | 130 | — | — | — | 130 |
| Purchase of treasury stock | (2,500) | — | — | — | (55) | — | (55) |
| Balances, September 30, 2023 | 4,507,905 | $9,969 | $2,607 | $88,045 | $(4,312) | $(47,063) | $49,246 |
| Nine Month Periods Ended September 30, 2024 and 2023 | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · Accumulatedothercomprehensive loss | |||||||
| Shares,net oftreasury · Amount · Additionalpaid-incapital · Retainedearnings · Treasurystock · Totalstockholders’equity | |||||||
| (Dollars in thousands, except per share data) | |||||||
| Balances, December 31, 2023 | 4,518,848 | $9,991 | $2,621 | $89,472 | $(4,322) | $(31,955) | $65,807 |
| Net income | — | — | — | 5,760 | — | — | 5,760 |
| Other comprehensive income | — | — | — | — | — | 5,124 | 5,124 |
| Dividend reinvestment plan | 1,830 | — | 34 | — | 16 | — | 50 |
| Cash dividends declared ($1.08 per share) | — | — | — | (4,882) | — | — | (4,882) |
| Stock based compensation expense | 3,872 | 8 | 434 | — | — | — | 442 |
| Balances, September 30, 2024 | 4,524,550 | $9,999 | $3,089 | $90,350 | $(4,306) | $(26,831) | $72,301 |
| Balances, December 31, 2022 | 4,508,587 | $9,965 | $2,225 | $84,669 | $(4,220) | $(37,419) | $55,220 |
| Impact of adoption of ASU No. 2016-13 | — | — | — | 37 | — | — | 37 |
| Net income | — | — | — | 8,208 | — | — | 8,208 |
| Other comprehensive loss | — | — | — | — | — | (9,644) | (9,644) |
| Dividend reinvestment plan | 2,560 | — | 38 | — | 23 | — | 61 |
| Cash dividends declared ($1.08 per share) | — | — | — | (4,869) | — | — | (4,869) |
| Stock based compensation expense | 1,788 | 4 | 344 | — | — | — | 348 |
| Purchase of treasury stock | (5,030) | — | — | — | (115) | — | (115) |
| Balances, September 30, 2023 | 4,507,905 | $9,969 | $2,607 | $88,045 | $(4,312) | $(47,063) | $49,246 |
Union Bankshares, Inc. Page 4
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