Mission Statement, Vision, & Core Values of Union Bankshares, Inc. (UNB)

You want to know if Union Bankshares, Inc. (UNB) is just another regional bank, or if its foundational principles actually drive its financial performance-and the numbers defintely suggest the latter.

Their commitment to a community banking model, which emphasizes stability and local service, directly underpins their balance sheet strength, with total assets hitting a robust $1.57 billion as of September 30, 2025, and year-to-date consolidated net income reaching $8.3 million. But how does a focus on being 'nimble, responsive, caring' translate into a 5.1% increase in loans, and what near-term risks does their strategic vision of 'growth, innovation, and sustainability' actually map to for your investment thesis?

Union Bankshares, Inc. (UNB) Overview

You need to know the core of a company before you commit any capital, and for Union Bankshares, Inc. (UNB), that core is community banking with a focus on consistent, disciplined growth. The direct takeaway is that their strategic focus on net interest income (NII) and loan growth is paying off, delivering a nine-month net income of $8.3 million in 2025, a significant jump from the prior year.

Union Bankshares, Inc. operates as the bank holding company for Union Bank, which has been a fixture in northern Vermont and northwestern New Hampshire since its founding in Morrisville, VT, in 1891. That's over a century of local focus. They're not a global behemoth; they are a regional bank that understands its market intimately. The holding company structure itself was established in 1983 to provide greater strategic flexibility.

Their product portfolio is what you'd expect from a full-service community bank, but their strength is in the depth of service. They offer a comprehensive suite of financial services, which includes retail, commercial, and municipal banking. Honestly, they cover the full spectrum.

• Deposit Accounts: Checking, savings, money market, and Certificates of Deposit (CDs).
• Lending Services: Commercial real estate, business loans, residential mortgages, and municipal financing.
• Wealth Management: Fiduciary and trust services for individuals and corporations.

As of the nine months ended September 30, 2025, the company's primary revenue driver, Net Interest Income (NII)-the difference between what they earn on loans and what they pay on deposits-reached $31.87 million.

2025 Financial Performance: Loan Growth and Profitability Surge

The latest financial reports, covering the nine months ended September 30, 2025, show a clear, positive trajectory. The biggest headline is the jump in profitability: Consolidated net income for the nine-month period was $8.3 million, which is a substantial increase from $5.8 million in the comparable 2024 period. That's a strong signal that their balance sheet repositioning strategy is working, plus the higher interest rate environment is defintely helping their net interest margin.

Here's the quick math on their core business: Total assets stood at $1.57 billion as of September 30, 2025. The engine behind this growth is lending. Total loans increased by 5.1% year-over-year to $1.18 billion. This loan growth is what drives that Net Interest Income, which is the main product sale for any bank. For the third quarter alone, Net Interest Income rose 18.3% to $11.16 million compared to the same quarter last year.

This growth isn't just top-line revenue; it's translating to shareholder value. Basic earnings per share (EPS) for the nine months ended September 30, 2025, hit $1.83, up from $1.27 a year ago. That's a nearly 44% increase in EPS, showing capital efficiency is improving.

A Leading Community Bank in New England

Union Bankshares, Inc. is a clear leader in its specific market: the community banking sector of northern New England. While its total assets of $1.57 billion might seem modest compared to money-center banks, this size is a strategic advantage in their regional footprint. They operate 18 banking offices and three loan centers, which is a significant physical presence for their geographic area.

In the world of finance, being a leader doesn't always mean being the biggest; it means dominating your chosen niche with superior performance and local knowledge. Their ability to grow loans by 5.1% and deposits to $1.19 billion in a challenging economic environment speaks to the strength of their community relationships. They are a top-tier performer among their peer group of small-cap regional banks. To understand the investor perspective on this strong regional performance, you should consider Exploring Union Bankshares, Inc. (UNB) Investor Profile: Who's Buying and Why?

Union Bankshares, Inc. (UNB) Mission Statement

You're looking for the bedrock of Union Bankshares, Inc.'s strategy, and honestly, it's not buried in corporate jargon; it's in their consistent actions. The mission statement, which guides their long-term goals, is fundamentally about balancing local community commitment with robust financial performance. For a regional bank operating across northern Vermont and New Hampshire, this balance is defintely the key to their longevity since 1891.

The core mission of Union Bankshares, Inc. is to foster community prosperity by delivering superior, relationship-based financial solutions while creating sustainable value for our shareholders. This statement breaks down into three actionable pillars that drive every decision, from a new branch location to a dividend declaration. It's a simple promise: be strong financially so you can be strong for your community.

To see how this mission translates into results, you can check out Breaking Down Union Bankshares, Inc. (UNB) Financial Health: Key Insights for Investors.

Pillar 1: Fostering Community Prosperity through Local Lending

The first and most visible component of the mission is the commitment to the local economy. This isn't just a marketing slogan; it's a measurable deployment of capital. Union Bankshares emphasizes local decision-making and long-term lending relationships, which means money deposited locally is primarily reinvested locally. Here's the quick math on their community impact: as of September 30, 2025, total loans grew by 5.1% year-over-year, reaching $1.18 billion.

This loan growth is the engine. It directly funds local businesses, mortgages for homes, and consumer needs across their 18 banking offices and three loan centers. When a bank actively increases its loan portfolio by over 5% in a single year, it shows a real dedication to fueling regional growth, not just parking cash in passive investments. That's how you build community trust.

• Drive local economic growth via lending.
• Support regional businesses with capital.
• Maintain long-term, relationship-based banking.

Pillar 2: Delivering Superior, Relationship-Based Financial Solutions

The second pillar focuses on the quality of service and the breadth of their offerings-the 'superior solutions' part. In an era of digital-only banks, Union Bankshares sticks to a full-service model, offering commercial, retail, municipal banking, and wealth management services. This strategy isn't about being the cheapest; it's about being the most comprehensive and trusted advisor.

The commitment to quality is supported by operational efficiency. The bank has been recognized for its performance, being named one of Newsweek's Best Regional Banks in 2025. Plus, non-interest income-generated from services like wealth management and treasury management-helps stabilize revenue. This focus on diverse, high-quality service ensures they can meet complex needs, whether you're a small business needing cash management or an individual planning for retirement.

What this estimate hides is the human element: superior service means employees transform ordinary transactions into successful outcomes, like securing a mortgage or a small business loan. That's the real differentiator in community banking.

Pillar 3: Creating Sustainable Value for Shareholders

The final pillar is the financial realism that underpins the entire operation: creating sustainable shareholder value. A community bank cannot serve its local market effectively if its financial foundation is weak. This is where the discipline of a seasoned analyst comes in; you need to see the numbers that prove the mission is sustainable.

Union Bankshares' Q3 2025 results show this commitment clearly. Consolidated net income for the quarter was a strong $3.4 million, a significant jump from the prior year. More importantly for investors, the book value per share increased by a healthy 6.1% to $16.95. This growth isn't accidental; it's the direct result of an 18.3% increase in net interest income to $11.2 million in Q3 2025, fueled by expanded loan volumes. They are making money the right way, which allows them to consistently declare a quarterly cash dividend of $0.36 per share.

This financial strength is what allows the bank to continue its community focus without undue risk. Honesty, you can't be a good community partner if you're not a profitable business.

Union Bankshares, Inc. (UNB) Vision Statement

You're looking for the definitive North Star for Union Bankshares, Inc. (UNB), and as a seasoned analyst, I can tell you their actions speak louder than any plaque on a lobby wall. Their vision, while not a single, pithy sentence, is clearly defined by three strategic pillars: Community-Centric Banking, Disciplined Financial Growth, and Consistent Shareholder Value.

This isn't corporate fluff; it's a map of their capital allocation. The Q3 2025 results defintely show this focus, with consolidated net income hitting $8.3 million for the first nine months of the year, a strong signal of their operational success. Their strategy is simple: be the indispensable local bank that still delivers institutional-grade returns. It's a tough balance, but they are managing it well.

Pillar 1: Community-Centric Banking and Expertise

The core mission of Union Bankshares, Inc. is to be the premier community bank in its operating footprint, which is primarily Northern Vermont and New Hampshire. This isn't a small-time operation, but the focus remains local decision-making and strong residential lending programs. This commitment translates directly into their loan portfolio, which increased 5.1% year-over-year to $1.18 billion as of September 30, 2025.

They are in the business of funding local economies. The bank's ability to grow loans by over $60 million in a tight credit market shows their local relationships are paying dividends. Honestly, that kind of growth in a regional market is impressive. They also maintain a strong asset quality, with a 14.0% increase in the allowance for credit losses, which is a proactive risk management move to support that loan growth, not a sign of deterioration.

Pillar 2: Disciplined Financial Growth and Stability

The vision for growth at Union Bankshares, Inc. is clearly 'disciplined asset growth and prudent expense management.' You see this in how they manage the balance sheet. Total assets reached $1.57 billion as of September 30, 2025, up from $1.52 billion a year prior. Here's the quick math: they grew assets by about 3.3% while simultaneously driving net interest income up by 18.3% in Q3 2025 compared to the same period in 2024.

This isn't reckless expansion; it's a focus on improving the yield on their assets. They are actively managing their liquidity, evidenced by a 28.6% decline in federal funds sold and overnight deposits, moving that capital into higher-yielding loans and investment securities. That's smart treasury management. You can get a deeper dive into how these metrics impact their future by checking out Breaking Down Union Bankshares, Inc. (UNB) Financial Health: Key Insights for Investors.

Pillar 3: Consistent Shareholder Value

A core value for any publicly traded company is returning value to its owners, and Union Bankshares, Inc. shows this through a consistent, reliable dividend. They declared a regular quarterly cash dividend of $0.36 per share payable in November 2025. This consistency, maintained since early 2023, is a clear signal of management's confidence in their reliable earnings power.

Plus, the book value per share-a key measure for banks-rose to $16.95 as of September 30, 2025, which is a 6.1% year-over-year increase. This shows they are not just paying out cash; they are building tangible equity for shareholders. It's a simple, but powerful, value proposition:

• Maintain a steady dividend of $0.36 per share.
• Grow book value, which hit $16.95 in Q3 2025.
• Strengthen equity, which increased to $77.679 million.

The next action for you is to monitor their Q4 2025 deposit growth initiatives. That will be the key to reducing reliance on wholesale funding and further boosting net interest margin.

Union Bankshares, Inc. (UNB) Core Values

You want to know how Union Bankshares, Inc. (UNB) manages to deliver consistent shareholder returns while remaining a true community bank. The answer is simple: they operate on a tight set of core values that map directly to their financial strategy. It's not corporate fluff; it's the operating model for a regional bank with $1.57 billion in total assets as of September 30, 2025.

For a seasoned investor, these values are the non-financial indicators (the 'E' and 'S' in ESG) that explain the 'why' behind the numbers, like the 6.1% rise in book value per share to $16.95 in Q3 2025. Here is how the bank's core values translate into tangible action and financial stability.

Community Commitment and Local Impact

Community banks live and die by their local ties, and Union Bankshares is defintely committed. This value is their foundation, translating directly into an FDIC Community Reinvestment Act (CRA) Outstanding Rating, the highest possible mark, which is a rare feat for any financial institution.

Their commitment isn't just a rating; it's a measurable investment in Vermont and New Hampshire. In the prior year, Union Bank worked with over 200 area non-profits, contributed over $344,000 in direct financial support, and their employees volunteered over 2,500 hours of service. That's a serious commitment of time and capital to their operating footprint. They are a local leader, period.

• Funded local decisions, not distant mandates.
• Supported Copley Hospital with over $600,000 since 1980.
• Pledged $100,000 in 2023 for flood relief, showing immediate crisis response.

Prudent Financial Stewardship and Shareholder Value

A community focus doesn't mean sacrificing performance; it means disciplined growth. Union Bankshares' second core value is a commitment to prudent financial stewardship, which is what underpins their ability to return value to shareholders consistently. Look at the numbers for the first nine months of 2025: consolidated net income was $8.3 million, a significant increase from the comparable period in 2024.

The management team focuses on disciplined asset growth, which you can see in the 5.1% year-over-year growth in loans, reaching $1.18 billion by September 30, 2025. This growth is managed carefully, as evidenced by a 14.0% increase in the allowance for credit losses, a proactive move reflecting strong risk management. They also declared a consistent quarterly cash dividend of $0.36 per share, a clear signal of financial stability.

Customer-Centric Relationship Banking

The third core value is a deep focus on the customer relationship-what we in the industry call 'relationship banking.' This is how a small bank competes with the giants. They are nimble, responsive, and take the time to truly understand their neighbors' financial needs. This value is the engine for their strong loan growth.

Their local staff are empowered to turn ordinary transactions into successful outcomes, whether it's a mortgage for a first-time homeowner or a small business loan for a local entrepreneur. This local knowledge is a competitive advantage, leading to better asset quality and stronger customer loyalty. You can see this commitment reflected in their consistent recognition as a 'Top 200 Performing Community Bank' and a 'Newsweek's Best Regional Bank - 2025.' For a deeper dive into who is investing in this model, check out Exploring Union Bankshares, Inc. (UNB) Investor Profile: Who's Buying and Why?