Vermont Housing Finance Agency

Union Bankshares Announces Earnings for the three months and nine months ended September 30, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, October 19, 2022
U.S. Securities and Exchange Commission, PPP, Movement, Sale, Vermont Housing Finance Agency, Terrorism, UNB, Community Reinvestment Act, CRA, Board of directors, NASDAQ, Union Bank, Income, Security (finance), Investment, Community, Dream, Technology, Company, Equal housing lender, Compliance, Union Bank (Morrisville, Vermont), ATM, Treasury, Board, Small business, SBA, GLOBE, Internet, FDIC, Retirement, Life insurance, Financial services, Bank, Union

MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three and nine months ended September 30, 2022 compared to no provision for the three months ended September 30, 2021 and $225 thousand for the nine months ended September 30, 2021.
  • Interest income increased $2.3 million, or 8.0%, to $31.6 million for the nine months ended September 30, 2022 compared to $29.3 million for the nine months ended September 30, 2021.
  • Interest expense was $2.5 million for the nine months ended September 30, 2022 compared to $2.8 million for the nine months ended September 30, 2021.

Union Bankshares Announces Earnings for the three months and six months ended June 30, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, July 20, 2022
Sale, UNB, FDIC, Investment, Board of directors, Community, GLOBE, Treasury, U.S. Securities and Exchange Commission, ATM, Terrorism, Equal housing lender, Compliance, Dream, Retirement, Income, Union Bank (Morrisville, Vermont), Small business, Board, NASDAQ, CRA, Internet, Technology, Company, Security (finance), PPP, Union Bank, Vermont Housing Finance Agency, SBA, Community Reinvestment Act, Housing, Life insurance, Bank, Animal, Financial services, Union

MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three and six months ended June 30, 2022 compared to $75 thousand and $225 thousand for the three and six months ended June 30, 2021, respectively.
  • Interest income increased $732 thousand, or 3.8%, to $20.1 million for the six months ended June 30, 2022 compared to $19.4 million for the six months ended June 30, 2021.
  • Interest expense was $1.5 million for the six months ended June 30, 2022 compared to $2.1 million for the six months ended June 30, 2021.

Union Bankshares Announces Earnings for the three months ended March 31, 2022 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, April 20, 2022
Board, Treasury, U.S. Securities and Exchange Commission, Security (finance), Union Bank (Morrisville, Vermont), Small business, NASDAQ, Dream, Union Bank, Community, Compliance, SBA, GLOBE, Sale, Program, FDIC, Terrorism, PPP, Internet, Technology, Board of directors, Company, Vermont Housing Finance Agency, Community Reinvestment Act, Equal housing lender, CRA, Investment, ATM, Retirement, Income, UNB, Financial services, Bank, Union

MORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend.
  • No provision for loan losses was recorded for the three months ended March 31, 2022 compared to $150 thousand for the comparable quarter in 2021.
  • There was no net charge-off activity as of March31, 2022 compared to net recoveries of $8 thousand for the comparable period in 2021.
  • When we use any of the words believes, expects, anticipates or similar expressions, we are making forward-looking statements.

Union Bankshares Announces Earnings for the year ended December 31, 2021 and Declares 6.1% Increase in Quarterly Dividend

Retrieved on: 
Wednesday, January 19, 2022
Income, Technology, Union Bank (Morrisville, Vermont), PPP, FDIC, ATM, Retirement, SBA, Small business, UNB, CRA, Growth, NASDAQ, Terrorism, Union Bank, GLOBE, U.S. Securities and Exchange Commission, Internet, Company, Dream, Community, Environment, Equal housing lender, Sale, Board of directors, Vermont Housing Finance Agency, Federal Home Loan Banks, Community Reinvestment Act, Compliance, Security (finance), Board, Animal, Bank, Airline, Union

These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.

Key Points: 
  • These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.
  • Noninterest income was $3.0 million for the three months ended December 31, 2021 compared to $5.0 million for the same period in 2020.
  • A larger earning asset base and a $1.9 million increase in PPP fee income contributed to the increase in interest income.
  • Interest expense was $3.6 million for the year ended December 31, 2021 compared to $5.1 million for the year ended December 31, 2020.

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2021 and Declares Quarterly Dividend

Retrieved on: 
Wednesday, October 20, 2021
Union Bank, ATM, Compliance, Vermont Housing Finance Agency, Technology, Dream, Retirement, Union Bank (Morrisville, Vermont), Security (finance), Community Reinvestment Act, U.S. Securities and Exchange Commission, NASDAQ, Small business, PPP, Income, Equal housing lender, Company, Forgiveness, Internet, Board, Growth, Environment, Board of directors, SBA, CRA, UNB, GLOBE, Sale, FDIC, Terrorism, Community, Animal, Lithium, Bank

MORRISVILLE, Vt., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2021 and declared a regular quarterly cash dividend.

Key Points: 
  • MORRISVILLE, Vt., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2021 and declared a regular quarterly cash dividend.
  • Net interest income improved to $9.1 million for the three months ended September 30, 2021 compared to $8.2 million for the three months ended September 30, 2020, an increase of $961 thousand, or 11.7%.
  • Interest income increased $1.8 million, or 6.6%, to $29.3 million for the nine months ended September 30, 2021 compared to $27.4 million for the nine months ended September 30, 2020.
  • Interest expense was $2.8 million for the nine months ended September 30, 2021 compared to $4.0 million for the nine months ended September 30, 2020.