2021 Q4 Form 10-K Financial Statement

#000070686322000020 Filed on March 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q1
Revenue $10.02M $9.852M $9.500M
YoY Change 7.72% 5.45% 5.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $470.0K $430.0K $500.0K
YoY Change -9.62% -15.69% -3.85%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $779.0K $706.0K $1.101M
YoY Change -33.48% -39.03% -24.43%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.010M $4.800M $3.417M
YoY Change -13.2% -2.0% 33.89%
Income Tax $630.0K $874.0K $541.0K
% Of Pretax Income 15.71% 18.21% 15.83%
Net Earnings $3.378M $3.925M $2.876M
YoY Change -10.96% -5.35% 30.97%
Net Earnings / Revenue 33.7% 39.84% 30.27%
Basic Earnings Per Share $0.76 $0.87 $0.64
Diluted Earnings Per Share $0.75 $0.87 $0.64
COMMON SHARES
Basic Shares Outstanding 4.485M shares 4.485M shares 4.480M shares
Diluted Shares Outstanding 4.513M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $334.9M $305.5M $199.6M
YoY Change 45.86% 99.04% 51.49%
Cash & Equivalents $65.92M $120.1M $56.51M
Short-Term Investments $269.0M $185.4M $143.1M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $21.62M $21.81M $19.88M
YoY Change 7.86% 6.63% -3.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.572M $1.200M $1.100M
YoY Change 15.01% 33.33% 83.33%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.205B $1.158B $1.104B
YoY Change 10.23% 14.78% 25.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $9.800M $10.70M $9.400M
YoY Change -12.5% -3.6% -15.32%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.800M $10.70M $9.400M
YoY Change -12.5% -3.6% -15.32%
LONG-TERM LIABILITIES
Long-Term Debt $16.20M $16.20M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $16.20M $16.20M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.800M $10.70M $9.400M
Total Long-Term Liabilities $16.20M $16.20M $0.00
Total Liabilities $1.121B $1.075B $1.024B
YoY Change 10.7% 15.45% 26.59%
SHAREHOLDERS EQUITY
Retained Earnings $78.35M $76.45M $72.49M
YoY Change 10.2% 11.23% 11.9%
Common Stock $9.934M $9.918M $9.911M
YoY Change 0.24% 0.17% 0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.160M $4.162M $4.167M
YoY Change -0.22% -0.26% -0.33%
Treasury Stock Shares 473.4K shares 473.7K shares 474.3K shares
Shareholders Equity $84.34M $83.75M $79.82M
YoY Change
Total Liabilities & Shareholders Equity $1.205B $1.158B $1.104B
YoY Change 10.23% 14.78% 25.05%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q1
OPERATING ACTIVITIES
Net Income $3.378M $3.925M $2.876M
YoY Change -10.96% -5.35% 30.97%
Depreciation, Depletion And Amortization $470.0K $430.0K $500.0K
YoY Change -9.62% -15.69% -3.85%
Cash From Operating Activities $1.890M $29.92M -$4.776M
YoY Change -59.09% 94.66% -30.95%
INVESTING ACTIVITIES
Capital Expenditures -$270.0K -$610.0K $302.0K
YoY Change 285.71% 12.96% 272.84%
Acquisitions
YoY Change
Other Investing Activities -$101.8M -$57.98M -$73.32M
YoY Change 280.88% -23.86% 809.68%
Cash From Investing Activities -$102.0M -$58.58M -$73.62M
YoY Change 280.75% -23.6% 804.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$10.00K
YoY Change -54.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 45.99M 87.52M $12.13M
YoY Change -42.85% -1.84% 115.45%
NET CHANGE
Cash From Operating Activities 1.890M 29.92M -$4.776M
Cash From Investing Activities -102.0M -58.58M -$73.62M
Cash From Financing Activities 45.99M 87.52M $12.13M
Net Change In Cash -54.16M 58.86M -$66.27M
YoY Change -192.91% 111.35% 603.3%
FREE CASH FLOW
Cash From Operating Activities $1.890M $29.92M -$4.776M
Capital Expenditures -$270.0K -$610.0K $302.0K
Free Cash Flow $2.160M $30.53M -$5.078M
YoY Change -53.94% 91.89% -27.44%

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5727000 USD
CY2020 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
236000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
22000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
80867000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
13170000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4188000 USD
CY2021 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
40000 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.32
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5917000 USD
CY2021 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
299000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
72000 USD
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
84341000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
13170000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
12805000 USD
CY2021 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1825000 USD
CY2020 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1891000 USD
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
0 USD
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2200000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
371000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-777000 USD
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-579000 USD
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-554000 USD
CY2021 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
1011000 USD
CY2020 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
935000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
299000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
236000 USD
CY2021 us-gaap Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
851000 USD
CY2020 us-gaap Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
-1189000 USD
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
221773000 USD
CY2020 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
271362000 USD
CY2021 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
198458000 USD
CY2020 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
287940000 USD
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
4956000 USD
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
8168000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-108000 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
11000 USD
CY2021 us-gaap Gains Losses On Sales Of Other Real Estate
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13000 USD
CY2020 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0 USD
CY2021 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
-21000 USD
CY2020 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
240000 USD
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-881000 USD
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1196000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
171000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5831000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
897000 USD
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-821000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
824000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29190000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7062000 USD
CY2020 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
0 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-190008000 USD
CY2021 unb Proceeds From Interest Bearing Deposits In Banks
ProceedsFromInterestBearingDepositsInBanks
6972000 USD
CY2020 unb Proceeds From Interest Bearing Deposits In Banks
ProceedsFromInterestBearingDepositsInBanks
3578000 USD
CY2021 unb Payments For Interest Bearing Deposits In Banks
PaymentsForInterestBearingDepositsInBanks
7469000 USD
CY2020 unb Payments For Interest Bearing Deposits In Banks
PaymentsForInterestBearingDepositsInBanks
9711000 USD
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
8717000 USD
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3076000 USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
28196000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
22076000 USD
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
204848000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
41978000 USD
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
106000 USD
CY2020 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
117000 USD
CY2021 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
14000 USD
CY2020 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-1457000 USD
CY2021 us-gaap Payments For Proceeds From Other Loans And Leases
PaymentsForProceedsFromOtherLoansAndLeases
15931000 USD
CY2020 us-gaap Payments For Proceeds From Other Loans And Leases
PaymentsForProceedsFromOtherLoansAndLeases
101055000 USD
CY2021 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
68000 USD
CY2020 us-gaap Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
29000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3509000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1007000 USD
CY2021 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
2194000 USD
CY2020 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
2257000 USD
CY2021 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
110000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125909000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7164000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2021 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2020 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-40000000 USD
CY2021 unb Net Change Noninterest Bearing Deposits
NetChangeNoninterestBearingDeposits
49643000 USD
CY2020 unb Net Change Noninterest Bearing Deposits
NetChangeNoninterestBearingDeposits
78811000 USD
CY2021 unb Net Change Interest Bearing Non Time Deposits
NetChangeInterestBearingNonTimeDeposits
86110000 USD
CY2020 unb Net Change Interest Bearing Non Time Deposits
NetChangeInterestBearingNonTimeDeposits
178429000 USD
CY2021 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-34973000 USD
CY2020 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-6965000 USD
CY2021 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
16500000 USD
CY2020 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
340000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
72000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
22000 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2021 unb Payments Of Dividends Net Of Reinvestment
PaymentsOfDividendsNetOfReinvestment
5877000 USD
CY2020 unb Payments Of Dividends Net Of Reinvestment
PaymentsOfDividendsNetOfReinvestment
5689000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
103969000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
204608000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-56849000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71637000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122771000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51134000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65922000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122771000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3449000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
5712000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1850000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1350000 USD
CY2021 unb Other Real Estate Acquired In Settlement Of Loans
OtherRealEstateAcquiredInSettlementOfLoans
47000 USD
CY2020 unb Other Real Estate Acquired In Settlement Of Loans
OtherRealEstateAcquiredInSettlementOfLoans
50000 USD
CY2021 unb Increase In Capital Contributions Payable For Limited Partnership Investments
IncreaseInCapitalContributionsPayableForLimitedPartnershipInvestments
1264000 USD
CY2020 unb Increase In Capital Contributions Payable For Limited Partnership Investments
IncreaseInCapitalContributionsPayableForLimitedPartnershipInvestments
2722000 USD
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5917000 USD
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5727000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
40000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
38000 USD
CY2021 unb Payments Of Dividends Net Of Reinvestment
PaymentsOfDividendsNetOfReinvestment
5877000 USD
CY2020 unb Payments Of Dividends Net Of Reinvestment
PaymentsOfDividendsNetOfReinvestment
5689000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Significant concentration of credit risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company grants loans primarily to customers in Vermont and New Hampshire. Although it has a diversified loan portfolio, a large portion of the Company's loans are secured by commercial or residential real estate located in Vermont and New Hampshire, resulting in exposure to volatility with each state's real estate market. Additionally, the ability of borrowers to repay loans is highly dependent upon other economic factors throughout Vermont and New Hampshire. The Company typically requires the principals of any commercial borrower to obligate themselves personally on the loan.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:107%">Use of estimates in preparation of consolidated financial statements</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term and involve inherent uncertainties relate to the determination of the ALL on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, valuation of deferred tax assets, and asset impairment judgments, including OTTI of investment securities. These estimates involve a significant degree of complexity and subjectivity and the amount of the change that is reasonably possible, should any of these estimates prove inaccurate, cannot be estimated.</span></div>
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Allowance for loan losses</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ALL is established for estimated losses in the loan portfolio through a provision for loan losses charged to earnings. For all loan classes, loan losses are charged against the ALL when management believes the loan balance is uncollectible or in accordance with federal guidelines. Subsequent recoveries, if any, are credited to the ALL.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ALL is maintained at a level believed by management to be appropriate to absorb probable credit losses inherent in the loan portfolio as of the balance sheet date. The amount of the ALL is based on management's periodic evaluation of the collectability of the loan portfolio, including the nature, volume and risk characteristics of the portfolio, credit concentrations, trends in historical loss experience, estimated value of any underlying collateral, specific impaired loans and economic conditions. While management uses available information to recognize losses on loans, future additions to the ALL may be necessary based on changes in economic conditions or other relevant factors.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, various regulatory agencies, as an integral part of their examination process, regularly review the Company's ALL. Such agencies may require the Company to recognize additions to the ALL, with a corresponding charge to earnings, based on their judgments about information available to them at the time of their examination, which may not be currently available to management.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ALL consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. Loans are evaluated for impairment and may be classified as impaired when management believes it is probable </span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">that the Company will not collect all the contractual interest and principal payments as scheduled in the loan agreement. Impaired loans may also include troubled loans that are restructured. A TDR occurs when the Company, for economic or legal reasons related to the borrower's financial difficulties, grants a concession to the borrower that would otherwise not be granted. A TDR classification may result from the transfer of assets to the Company in partial satisfaction of a troubled loan, a modification of a loan's terms (such as reduction of stated interest rates below market rates, extension of maturity that does not conform to the Company's policies, reduction of the face amount of the loan, reduction of accrued interest, or reduction or deferment of loan payments), or a combination. A specific reserve amount is allocated to the ALL for individual loans that have been classified as impaired based on management's estimate of the fair value of the collateral for collateral dependent loans, an observable market price, or the present value of anticipated future cash flows. The Company accounts for the change in present value attributable to the passage of time in the loan loss reserve. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer, real estate or small balance commercial loans for impairment evaluation, unless such loans are subject to a restructuring agreement or have been identified as impaired as part of a larger customer relationship. Management has established the threshold for individual impairment evaluation for commercial loans with balances greater than $500 thousand, based on an evaluation of the Company's historical loss experience on substandard commercial loans.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The general component represents the level of ALL allocable to each loan portfolio segment with similar risk characteristics and is determined based on historical loss experience, adjusted for qualitative factors, for each class of loan. Management deems a five year average to be an appropriate time frame on which to base historical losses for each portfolio segment. Qualitative factors considered include underwriting, economic and market conditions, portfolio composition, collateral values, delinquencies, lender experience and legal issues. The qualitative factors are determined based on the various risk characteristics of each portfolio segment. Risk characteristics relevant to each portfolio segment are as follows:</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Residential real estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment are collateralized by owner-occupied 1-4 family residential real estate, second and vacation homes, 1-4 family investment properties, home equity and second mortgage loans. Repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, could have an effect on the credit quality of this segment.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Construction real estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment include residential and commercial construction properties, commercial real estate development loans (while in the construction phase of the projects), land and land development loans. Repayment is dependent on the credit quality of the individual borrower and/or the underlying cash flows generated by the properties being constructed. The overall health of the economy, including unemployment rates, housing prices, vacancy rates and material costs, could have an effect on the credit quality of this segment.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Commercial real estate</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment are primarily properties occupied by businesses or income-producing properties. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by a general slowdown in business or increased vacancy rates which, in turn, could have an effect on the credit quality of this segment. Management requests business financial statements at least annually and monitors the cash flows of these loans.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Commercial</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment are made to businesses and are generally secured by non-real estate assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer or business spending, could have an effect on credit quality of this segment. Loans originated under the PPP are also included in the this segment. Management requests business financial statements at least annually and monitors the cash flows of these loans.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Consumer</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment are made to individuals for personal expenditures, such as an automobile purchase, and include unsecured loans. Repayment is primarily dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment, could have an effect on the credit quality of this segment.</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:14.5pt">Municipal</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - Loans in this segment are made to municipalities located within the Company's service area. Repayment is primarily dependent on taxes or other funds collected by the municipalities. Management considers there to be minimal risk surrounding the credit quality of this segment.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">An unallocated component is maintained to cover uncertainties that could affect management's estimate of probable losses. The unallocated component of the ALL reflects management's estimate of the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All evaluations are inherently subjective as they require estimates that are susceptible to significant revision as more information becomes available or as changes occur in economic conditions or other relevant factors.</span></div>
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1100000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Stock
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0.15
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207000 USD
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110000 USD
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46 securitie
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58000 USD
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164000 USD
CY2021Q4 unb Government Guarantees On Impaired Loans
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423000 USD
CY2020Q4 unb Government Guarantees On Impaired Loans
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514000 USD
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35 loan
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2215000 USD
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45 loan
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2864000 USD
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0 loan
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0 loan
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849000 USD
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13209000 USD
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21615000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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20039000 USD
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1800000 USD
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1900000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P23Y18D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0390
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1612000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1732000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1690000 USD
CY2020Q4 us-gaap Operating Lease Liability
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1789000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
132000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
115000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
111000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
112000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
114000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2111000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2695000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2695000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1005000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1690000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
195000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
206000 USD
CY2021 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
251000 USD
CY2020 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
230000 USD
CY2011Q4 us-gaap Goodwill Gross
GoodwillGross
2200000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1700000 USD
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
171000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
7572000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6584000 USD
CY2021Q4 unb Investment Contribution Payable
InvestmentContributionPayable
1158000 USD
CY2020Q4 unb Investment Contribution Payable
InvestmentContributionPayable
1351000 USD
CY2021 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
1011000 USD
CY2020 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
935000 USD
CY2021 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
1057000 USD
CY2020 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
987000 USD
CY2021 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
46000 USD
CY2020 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
52000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
281638000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Checking
InterestBearingDomesticDepositChecking
231465000 USD
CY2021Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
441841000 USD
CY2020Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
405904000 USD
CY2021Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
50019000 USD
CY2020Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
70373000 USD
CY2021Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
56696000 USD
CY2020Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
71315000 USD
CY2021Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
830194000 USD
CY2020Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
779057000 USD
CY2020Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
15000000 USD
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
0 USD
CY2021Q4 unb Reciprocal Deposits
ReciprocalDeposits
168900000 USD
CY2020Q4 unb Reciprocal Deposits
ReciprocalDeposits
160500000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
80564000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
10847000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
10315000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
2740000 USD
CY2021Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
2249000 USD
CY2021Q4 us-gaap Time Deposits
TimeDeposits
106715000 USD
CY2021Q4 unb Time Deposits250000or More
TimeDeposits250000orMore
16200000 USD
CY2020Q4 unb Time Deposits250000or More
TimeDeposits250000orMore
22900000 USD
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
0 USD
CY2020Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
7200000 USD
CY2021Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
224400000 USD
CY2021Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
138700000 USD
CY2021Q4 unb Advancesfrom Federal Home Loan Bankand Credit Subjectto Collateralization
AdvancesfromFederalHomeLoanBankandCreditSubjecttoCollateralization
22000000 USD
CY2021Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
116700000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
210000000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
134100000 USD
CY2020Q4 unb Advancesfrom Federal Home Loan Bankand Credit Subjectto Collateralization
AdvancesfromFederalHomeLoanBankandCreditSubjecttoCollateralization
21900000 USD
CY2020Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
112200000 USD
CY2021Q4 unb Lettersof Credit Collateralfor Deposits
LettersofCreditCollateralforDeposits
37500000 USD
CY2020Q4 unb Lettersof Credit Collateralfor Deposits
LettersofCreditCollateralforDeposits
23600000 USD
CY2021 unb Lettersof Credit Fees Paidfor Issuance
LettersofCreditFeesPaidforIssuance
45000 USD
CY2020 unb Lettersof Credit Fees Paidfor Issuance
LettersofCreditFeesPaidforIssuance
30000 USD
CY2021Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
551000 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
329000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
11000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2149000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3134000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
126000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
62000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
371000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-777000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2646000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2419000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3321000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3197000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
100000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
49000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
446000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
555000 USD
CY2021 unb Effective Income Tax Reconciliation Nontaxable Income Life Insurance
EffectiveIncomeTaxReconciliationNontaxableIncomeLifeInsurance
65000 USD
CY2020 unb Effective Income Tax Reconciliation Nontaxable Income Life Insurance
EffectiveIncomeTaxReconciliationNontaxableIncomeLifeInsurance
67000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
1093000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
1013000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
842000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
788000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
24000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
44000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-37000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-24000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2646000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2419000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
1813000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
1798000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
308000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
300000 USD
CY2021Q4 unb Deferred Tax Assets Origination Fees
DeferredTaxAssetsOriginationFees
121000 USD
CY2020Q4 unb Deferred Tax Assets Origination Fees
DeferredTaxAssetsOriginationFees
0 USD
CY2021Q4 unb Deferred Tax Assets Loans Held For Sale
DeferredTaxAssetsLoansHeldForSale
56000 USD
CY2020Q4 unb Deferred Tax Assets Loans Held For Sale
DeferredTaxAssetsLoansHeldForSale
271000 USD
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
109000 USD
CY2020Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
119000 USD
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
412000 USD
CY2020Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
74000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
55000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2893000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2543000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1397000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1254000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
543000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Mortgage Servicing Rights
DeferredTaxLiabilitiesMortgageServicingRights
490000 USD
CY2021Q4 unb Deferred Tax Liabilities Investment In Real Estate Limited Partnerships
DeferredTaxLiabilitiesInvestmentInRealEstateLimitedPartnerships
136000 USD
CY2020Q4 unb Deferred Tax Liabilities Investment In Real Estate Limited Partnerships
DeferredTaxLiabilitiesInvestmentInRealEstateLimitedPartnerships
86000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
701000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
341000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
309000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
162000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
132000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2579000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2972000 USD
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2021 unb Defined Contribution Plan Company Contributions Vesting Period
DefinedContributionPlanCompanyContributionsVestingPeriod
P3Y
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
314000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
429000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2021 unb Defined Contribution Plan Employer Matching Contribution Amount
DefinedContributionPlanEmployerMatchingContributionAmount
320000 USD
CY2020 unb Defined Contribution Plan Employer Matching Contribution Amount
DefinedContributionPlanEmployerMatchingContributionAmount
318000 USD
CY2021 unb Defined Contribution Plan Profit Sharing Amount
DefinedContributionPlanProfitSharingAmount
367000 USD
CY2020 unb Defined Contribution Plan Profit Sharing Amount
DefinedContributionPlanProfitSharingAmount
339000 USD
CY2021 unb Defined Contribution Plan Employer Safe Harbor Contribution Amount
DefinedContributionPlanEmployerSafeHarborContributionAmount
395000 USD
CY2020 unb Defined Contribution Plan Employer Safe Harbor Contribution Amount
DefinedContributionPlanEmployerSafeHarborContributionAmount
382000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1082000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1039000 USD
CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
7000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
8000 USD
CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
292000 USD
CY2020Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
327000 USD
CY2021Q4 unb Cash Surrender Value Of Life Insurance Deferred Compensation Plan
CashSurrenderValueOfLifeInsuranceDeferredCompensationPlan
1100000 USD
CY2020Q4 unb Cash Surrender Value Of Life Insurance Deferred Compensation Plan
CashSurrenderValueOfLifeInsuranceDeferredCompensationPlan
1100000 USD
CY2021Q4 unb Unfunded Deferred Compensation Plan General Unsecured Obligation
UnfundedDeferredCompensationPlanGeneralUnsecuredObligation
1100000 USD
CY2020Q4 unb Unfunded Deferred Compensation Plan General Unsecured Obligation
UnfundedDeferredCompensationPlanGeneralUnsecuredObligation
1100000 USD
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
24000 USD
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
24000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
72000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
22000 USD
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3000 shares
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
24.00
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.00
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
27000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14000 USD
CY2021 us-gaap Net Income Loss
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13170000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
12805000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4483791 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4474649 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
25157 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
18508 shares
CY2021 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4508948 shares
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4493157 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.94
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.86
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.92
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.85
CY2021Q4 us-gaap Other Commitment
OtherCommitment
2700000 USD
CY2020Q4 us-gaap Other Commitment
OtherCommitment
18300000 USD
CY2021Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Asset
FairValueDisclosureOffbalanceSheetRisksFaceAmountAsset
225072000 USD
CY2020Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Asset
FairValueDisclosureOffbalanceSheetRisksFaceAmountAsset
200084000 USD
CY2021Q4 unb Loans Sold To Others Balance At Time Of Sale Since Inception
LoansSoldToOthersBalanceAtTimeOfSaleSinceInception
33500000 USD
CY2021Q4 unb Loans Sold To Other Outstanding Principal Balance
LoansSoldToOtherOutstandingPrincipalBalance
9500000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
267819000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1132000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
105763000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1047000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
731000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
1300000 USD
CY2021 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2050000 USD
CY2020 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1632000 USD
CY2021 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
1635000 USD
CY2020 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
1222000 USD
CY2021 unb Loans And Leases Receivable Related Parties Other
LoansAndLeasesReceivableRelatedPartiesOther
0 USD
CY2020 unb Loans And Leases Receivable Related Parties Other
LoansAndLeasesReceivableRelatedPartiesOther
-979000 USD
CY2021Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
1146000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
731000 USD
CY2020Q4 unb Trust Division Time Deposit Liability
TrustDivisionTimeDepositLiability
266000 USD
CY2021Q4 unb Loan Commitments And Available Lines Of Credit Related Party
LoanCommitmentsAndAvailableLinesOfCreditRelatedParty
571000 USD
CY2020Q4 unb Loan Commitments And Available Lines Of Credit Related Party
LoanCommitmentsAndAvailableLinesOfCreditRelatedParty
1123000 USD
CY2021Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
1600000 USD
CY2020Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
1100000 USD
CY2021Q4 unb Trust Division Time Deposit Liability
TrustDivisionTimeDepositLiability
204000 USD
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2500 shares
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2000 USD
CY2021Q4 unb Stock Repurchase Program Numberof Shares Repurchased Since Inception
StockRepurchaseProgramNumberofSharesRepurchasedSinceInception
17790 shares
CY2021 unb Treasury Stock Acquired Since Inception Cost Per Share Low Range
TreasuryStockAcquiredSinceInceptionCostPerShareLowRange
17.86
CY2021 unb Treasury Stock Acquired Since Inception Cost Per Share High Range
TreasuryStockAcquiredSinceInceptionCostPerShareHighRange
48.82
CY2021Q4 unb Stock Repurchase Program Total Costof Shares Repurchased Since Inception
StockRepurchaseProgramTotalCostofSharesRepurchasedSinceInception
474000 USD
CY2021 unb Stock Reserved Shares Dividend Reinvestment Plan
StockReservedSharesDividendReinvestmentPlan
200000 shares
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-1552000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
2636000 USD
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-5300000 USD
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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Berry Dunn McNeil & Parker, LLC
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Portland, Maine
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136

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