Union Bankshares, Inc. filings document the public reporting of a Vermont bank holding company and its wholly owned subsidiary, Union Bank. Form 8-K filings furnish quarterly shareholder reports, earnings releases, net income and per-share results, regular cash dividend declarations, corrected press-release materials, and other material events tied to the company's financial condition.
Proxy and governance filings cover director elections, board structure, executive compensation, shareholder voting matters, and pay-versus-performance disclosures. Other current reports describe leadership succession arrangements, employment agreements, board appointments, and subsidiary governance, alongside the company's recurring disclosures on capital structure, dividend policy, operating results, and banking-business risks.
Union Bankshares, Inc. (UNB) reported consolidated net income of $3.768 million for the three months ended September 30, 2026, compared with $3.436 million a year earlier; earnings per share were $0.77 versus $0.75. For the nine months ended September 30, net income was $9.696 million versus $8.332 million, with earnings per share of $2.03 versus $1.83. Third-quarter net interest income rose 10.0% to $12.144 million, while credit loss expense was $34,000 versus $313,000.
At September 30, 2026, total assets were $1.64 billion, up $62.6 million (4.0%) year over year; loans outstanding were $1.23 billion and deposits were $1.25 billion. Stockholders’ equity was $78.8 million. Book value per share was $15.94 versus $16.95 a year earlier, and accumulated other comprehensive loss was $40.7 million versus $27.5 million.
The board declared a $0.36 per-share cash dividend, payable November 5, 2026, to shareholders of record October 31. Through September 30, 2026, 384,066 shares were sold under the equity distribution agreement, resulting in $8.6 million of net proceeds after expenses.
Union Bankshares Inc. (UNB) director Steven P. Cote purchased 418 shares of Common Stock on September 17, 2026, at $23.7250 per share. His direct holdings after the purchase were 1,212 shares. No Rule 10b5-1 plan is reported. The 1,212-share figure is his resulting position, separate from the 418 shares purchased.
UNION BANKSHARES INC (UNB) has a new Form 3 on file for Kent Mitchell A, identified as an "Officer of Union Bank," reporting beneficial ownership of the company’s common stock. The filing lists a direct holding of 0 shares of common stock as of August 19, 2026, and shows no reportable transactions or derivative positions.
UNION BANKSHARES INC (UNB) reported an initial Form 3 for Brian P. Sullivan, identified as an officer of Union Bank, a subsidiary. The filing lists Common Stock of UNION BANKSHARES INC with 0 shares owned directly after the reported position, and shows no reportable transactions or derivative holdings.
UNION BANKSHARES INC (UNB) director David Scott Silverman reported an open-market purchase of common stock. On 2026-08-26 he bought 1,000 shares at $23.76 per share. Following this transaction, his directly held position increased to 46,864.17 shares of UNB common stock.
UNION BANKSHARES INC (UNB) director Dawn D. Bugbee purchased common stock. On 2026-08-25, she bought 200 shares of UNB common stock in a purchase classified as an open market or private transaction at $23.80 per share. After this transaction, she directly owns 6,487 shares of UNB common stock.
Union Bankshares, Inc. reported higher profitability for the period ended June 30, 2026. Net income was $2.9 million for the quarter and $5.9 million for the first half, with diluted EPS of $0.60 and $1.25, respectively. Net interest income rose as average earning assets grew and the net interest margin improved to 3.01% for the quarter, up from 2.89% a year earlier, while the net interest spread increased to 2.60%. Noninterest income increased and expenses grew with higher salaries, benefits, and operating costs.
Total assets were $1.56 billion, with gross loans of $1.12 billion and deposits of $1.09 billion, resulting in a loan-to-deposit ratio of 102.54%. Borrowed funds rose to $337.1 million, and subordinated notes outstanding were $16.3 million. Stockholders’ equity increased to $90.4 million, lifting the equity-to-assets ratio to 5.80% and total capital to risk-weighted assets to 13.78%, with book value per share at $18.28. Nonperforming assets were 0.97% of total assets and the allowance for credit losses on loans was 0.75% of loans, while accumulated other comprehensive loss from available-for-sale securities reached $27.0 million. A quarterly cash dividend of $0.36 per share was declared for payment in August 2026.
Dawn D Bugbee, a director of Union Bankshares Inc, purchased 200 shares of Common Stock at $23.30 per share on July 27, 2026, increasing her direct holdings to 6,287 shares.
Union Bankshares, Inc. announced leadership transitions effective July 15, 2026. Union Bank’s Chief Accounting Officer Carrie R. Locklin, age 52, was appointed Chief Financial Officer of both Union Bankshares, Inc. and Union Bank, succeeding Karyn J. Hale, age 56. Hale continues as Chief Operating Officer of Union Bank and as a Vice President of Union Bankshares, Inc. The changes were detailed in a press release dated July 16, 2026.
The press release also reports that Mitchell Kent was promoted to Senior Risk Officer, succeeding Patricia Hogan upon her retirement. Kent oversees enterprise risk management, internal audit, compliance, fraud, security, and BSA/AML programs and joins the Senior Management Team. Locklin, with nearly twenty years at Union Bank since 2006, now leads financial reporting, planning, balance sheet management, and strategic financial decisions. Hale, with the bank since 2005, continues overseeing financial, human resources, operations, branch, and facilities teams and contributes to long-term strategic direction, supporting succession planning and the organization’s community banking focus.
Union Bankshares, Inc. reported second‑quarter 2026 net income of $2.9 million, or $0.61 per share, up from $2.4 million, or $0.53 per share, a year earlier. For the six months ended June 30, 2026, net income was $5.9 million, or $1.26 per share, compared with $4.9 million, or $1.08 per share, in 2025. Results benefited from higher net interest income, increased noninterest income including a $380 thousand gain on a branch property sale, and lower credit loss expense, partly offset by higher salaries and other operating costs and higher income tax expense.
Total assets reached $1.56 billion as of June 30, 2026, up 5.3% from $1.48 billion a year earlier, driven by growth in investment securities and loans. Loans totaled $1.12 billion, while deposits were $1.09 billion and borrowed funds $337.1 million. The allowance for credit losses on loans was $8.4 million, and management described asset quality as strong. Stockholders’ equity increased to $90.4 million, with book value per share rising 16.7% to $18.28, aided by common stock sales and a smaller accumulated other comprehensive loss on securities. The board declared a $0.36 per share quarterly cash dividend, payable August 6, 2026 to shareholders of record on July 27, 2026.