For the quarter ending 2025-09-30, UNB made $40,951,000 in revenue. $3,436,000 in net income. Net profit margin of 8.39%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | |
|---|---|---|---|---|
| Interest and fees on loans | 16,996,000 | 16,563,000 | - | |
| Taxable | 1,351,000 | 1,314,000 | - | |
| Tax exempt | 388,000 | 389,000 | - | |
| Dividends | 203,000 | 199,000 | - | |
| Interest on federal funds sold and overnight deposits | 192,000 | 178,000 | - | |
| Interest on interest bearing deposits in banks | 77,000 | 78,000 | - | |
| Total interest and dividend income | 19,207,000 | 18,721,000 | - | |
| Interest on deposits | 5,070,000 | 5,607,000 | - | |
| Interest on borrowed funds | 2,838,000 | 2,526,000 | - | |
| Interest on subordinated notes | 143,000 | 142,000 | - | |
| Total interest expense | 8,051,000 | 8,275,000 | - | |
| Net interest income | 11,156,000 | 10,446,000 | - | |
| Credit loss expense | 313,000 | 221,000 | - | |
| Net interest income after credit loss expense | 10,843,000 | 10,225,000 | - | |
| Wealth management income | 297,000 | 295,000 | - | |
| Service fees | 1,793,000 | 1,715,000 | - | |
| Net losses on sales of investment securities available-for-sale | 0 | - | - | |
| Net gains on sales of loans held for sale | 700,000 | 480,000 | - | |
| Net gains on other investments | 94,000 | 119,000 | - | |
| Other income | 466,000 | 150,000 | - | |
| Total noninterest income | 3,350,000 | 2,759,000 | - | |
| Salaries and wages | 4,436,000 | 4,085,000 | - | |
| Employee benefits | 1,406,000 | 1,971,000 | - | |
| Occupancy expense, net | 537,000 | 547,000 | - | |
| Equipment expense | 1,095,000 | 1,100,000 | - | |
| Other expenses | 2,869,000 | 2,784,000 | - | |
| Total noninterest expenses | 10,343,000 | 10,487,000 | - | |
| Equity in undistributed net income - union | - | - | 441,500 | |
| Income before provision (benefit) for income taxes | 3,850,000 | 2,497,000 | - | |
| Income before equity in undistributed net income of subsidiary | - | - | 1,748,750 | |
| Provision (benefit) for income taxes | 414,000 | 102,000 | - | |
| Net income | 3,436,000 | 2,395,000 | 2,190,250 | |
| Basic earnings per common share (in usd per share) | 0.75 | 0.53 | 0.485 | |
| Diluted earnings per common share (in usd per share) | 0.75 | 0.52 | 0.48 | |
| Weighted average common and potential common shares for diluted eps (in shares) | 4,599,367 | 4,580,028 | 1,138,512.25 | |
| Weighted average number of common shares outstanding (in shares) | 4,563,784 | 4,544,460 | 1,130,785 | |
UNION BANKSHARES INC (UNB)
UNION BANKSHARES INC (UNB)