Union Bankshares Inc
unb.q4ir.comUnion Bankshares Inc (NASDAQ: UNB) is a community banking company that operates through its single subsidiary, Union Bank, providing retail banking, commercial banking, municipal banking, and wealth management and trust services. Revenue is derived principally from interest and fees on loans and earnings on other investments, with profitability driven primarily by net interest income, the spread between interest earned on interest-earning assets and interest paid on interest-bearing liabilities. As of FY2025, total average interest-earning assets were $1.51 billion at an average yield of 5.09%, with net loans averaging $1.17 billion at a yield of 5.76%. Union Bank operates across 18 branch banking locations and three loan centers in northern Vermont and northern New Hampshire. The bank serves individuals, small and medium-sized businesses, nonprofit organizations, local municipalities, and school districts. A 2011 branch acquisition generated goodwill still carried on the balance sheet as of the FY2025 10-K filing.
Products & Services
Retail banking, commercial banking, municipal banking, wealth management and trust services, online and mobile banking, ATM network, credit cards, unused lines of credit ($174 million notional as of FY2025), standby and commercial letters of credit, and loan origination commitments ($65.6 million as of FY2025).
Revenue Model
Interest income on loans and investment securities is the primary revenue source, supplemented by fees on banking services. Net interest income, the spread between yields on earning assets and rates paid on deposits and borrowings, drives profitability. Average loan yield was 5.76% in FY2025 versus 5.57% in FY2024, on average net loan balances of $1.17 billion and $1.08 billion respectively.
Customers & Markets
Individual retail depositors and borrowers, small and medium-sized businesses (corporations, LLCs, partnerships, sole proprietorships), nonprofit organizations, local municipalities, and school districts in northern Vermont and northern New Hampshire.
Geographic Exposure
Northern Vermont and northern New Hampshire, served through 18 branch banking locations, three loan centers, and ATMs, as reported in the 10-K filed 2026-03-20.
Financial Snapshot
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