UNION BANKSHARES INC
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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, 2025 · Filed Nov 10, 2025
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 Income
CONSOLIDATED STATEMENTS OF INCOME(Unaudited)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest and dividend income · (Dollars in thousands, except per share data) | ||||
| Interest and fees on loans | $16,996 | $15,182 | $49,606 | $43,094 |
| Interest on debt securities: | ||||
| Taxable | 1,351 | 1,106 | 4,077 | 3,256 |
| Tax exempt | 388 | 467 | 1,165 | 1,512 |
| Dividends | 203 | 147 | 605 | 331 |
| Interest on federal funds sold and overnight deposits | 192 | 162 | 522 | 799 |
| Interest on interest bearing deposits in banks | 77 | 127 | 248 | 372 |
| Total interest and dividend income | 19,207 | 17,191 | 56,223 | 49,364 |
| Interest expense | ||||
| Interest on deposits | 5,070 | 4,961 | 16,087 | 15,082 |
| Interest on borrowed funds | 2,838 | 2,658 | 7,836 | 5,933 |
| Interest on subordinated notes | 143 | 142 | 428 | 427 |
| Total interest expense | 8,051 | 7,761 | 24,351 | 21,442 |
| Net interest income | 11,156 | 9,430 | 31,872 | 27,922 |
| Credit loss expense | 313 | 425 | 769 | 583 |
| Net interest income after credit loss expense | 10,843 | 9,005 | 31,103 | 27,339 |
| Noninterest income | ||||
| Wealth management income | 297 | 265 | 868 | 793 |
| Service fees | 1,793 | 1,855 | 5,165 | 5,252 |
| Net losses on sales of investment securities available-for-sale | — | (1,293) | — | (1,293) |
| Net gains on sales of loans held for sale | 700 | 540 | 1,569 | 1,168 |
| Net gains on other investments | 94 | 83 | 178 | 211 |
| Other income | 466 | 155 | 769 | 806 |
| Total noninterest income | 3,350 | 1,605 | 8,549 | 6,937 |
| Noninterest expenses | ||||
| Salaries and wages | 4,436 | 4,015 | 12,432 | 11,342 |
| Employee benefits | 1,406 | 1,522 | 4,958 | 4,642 |
| Occupancy expense, net | 537 | 505 | 1,736 | 1,618 |
| Equipment expense | 1,095 | 1,006 | 3,244 | 2,966 |
| Other expenses | 2,869 | 2,361 | 8,284 | 7,845 |
| Total noninterest expenses | 10,343 | 9,409 | 30,654 | 28,413 |
| Income before provision (benefit) for income taxes | 3,850 | 1,201 | 8,998 | 5,863 |
| Provision (benefit) for income taxes | 414 | (123) | 666 | 103 |
| Net income | $3,436 | $1,324 | $8,332 | $5,760 |
| Basic earnings per common share | $0.75 | $0.29 | $1.83 | $1.27 |
| Diluted earnings per common share | $0.75 | $0.29 | $1.82 | $1.27 |
| Weighted average number of common shares outstanding | 4,563,784 | 4,524,319 | 4,548,962 | 4,521,795 |
| Weighted average common and potential common shares for diluted EPS | 4,599,367 | 4,555,591 | 4,582,227 | 4,548,657 |
| Dividends per common share | $0.36 | $0.36 | $1.08 | $1.08 |
Union Bankshares, Inc. Page 2
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