Detail akcie Union Bnkshr Inc online

Business Summary: Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Union Bankshares Inc interest income increased 30% to $57.1M. Net interest income after loan loss provision decreased 3% to $38.3M. Net income decreased 11% to $11.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 12% to 2.88%, Net Interest Spread, Total - % decrease of 20% to 2.5%.