Union Bankshares Inc (NASDAQ: UNB)

Union Bankshares, Inc. operates as a commercial bank engaged in traditional banking activities through its subsidiary. The company accepts deposits from customers and uses these funds to originate loans and purchase investment securities. As of September 30 2025 Union Bankshares reported total assets of 1 57 billion dollars with gross loans totaling 1 18 billion dollars and investment securities available for sale amounting to 260 4 million dollars. Its loan portfolio emphasizes real estate lending including residential mortgages commercial real estate loans and multi-family properties. The company also participates in the secondary mortgage market by originating loans for sale to government sponsored enterprises while often retaining servicing rights.

The company generates revenue primarily through net interest income which represents the difference between interest earned on assets such as loans and securities and interest paid on liabilities including deposits and borrowings. For the nine months ended September 30 2025 tax equivalent net interest income reached 32 6 million dollars. Noninterest income contributes to earnings through multiple channels: wealth management services generated 868 000 dollars deposit related service fees totaled 5 165 million dollars gains from selling loans held for sale amounted to 1 569 million dollars income from bank owned life insurance contributed 569 000 dollars and mortgage servicing rights produced 83 000 dollars. Additional noninterest components include fees for financial services and gains on other investment activities demonstrating revenue diversity beyond traditional interest earnings.

Union Bankshares, Inc. competes within the banking industry against regional and national financial institutions. The company maintains its market position through relationship based lending practices and active participation in government guaranteed loan programs. These programs include those administered by the Small Business Administration the United States Department of Agriculture and various state authorities which provide guarantees on portions of commercial loans. While facing competitive pressures from larger institutions with broader product lines Union Bankshares leverages its local market expertise and community engagement to differentiate its services. The bank demonstrated adaptability through its 2024 balance sheet repositioning where it sold lower yielding investment securities to reinvest in higher returning assets reflecting responsiveness to changing market conditions.

The company serves a diverse customer base comprising individual consumers small and medium sized businesses and municipal entities. Retail customers access residential mortgage products and personal banking services. Commercial borrowers seek financing for real estate ventures equipment and working capital through conventional loans and government guaranteed programs. Municipal entities engage the company for loan products and deposit services as shown by the 120 984 million dollar municipal loan portfolio as of September 30 2025. Deposit relationships span noninterest bearing checking accounts interest bearing savings products and time deposits meeting the varied liquidity needs of all customer segments.