Union Bankshares, Inc. (UNB): Lienzo del Modelo de Negocios [Actualizado en Ene-2025]

Sumerja el plan estratégico de Union Bankshares, Inc. (UNB), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de enfoques innovadores. Al crear meticulosamente un modelo de negocio que equilibra las experiencias personalizadas de los clientes con soluciones digitales de vanguardia, UNB se ha posicionado como un jugador dinámico en el panorama bancario competitivo. Su estrategia única integra perfectamente el enfoque de la comunidad local con tecnologías financieras sofisticadas, creando una narración convincente de la banca moderna que va más allá de las meras transacciones para construir relaciones financieras duraderas.

Union Bankshares, Inc. (UNB) - Modelo de negocios: asociaciones clave

Redes bancarias regionales y proveedores de servicios financieros

Union Bankshares, Inc. mantiene asociaciones estratégicas con redes financieras regionales, centrándose en relaciones colaborativas dentro del Atlántico medio y el noreste de los Estados Unidos.

Tipo de socio	Número de asociaciones	Cobertura geográfica
Redes bancarias regionales	12	Virginia, Maryland, Pensilvania
Alianzas bancarias comunitarias	8	Área de tri-estatal

Asociaciones comerciales locales y cámaras de comercio

Union Bankshares se involucra activamente con las organizaciones empresariales locales para expandir su red de banca comercial.

• Asociación de la Cámara de Comercio de Virginia
• Colaboración de la red de negocios de Maryland
• Alianza de Desarrollo Económico de Pensilvania

Compañías de seguros y empresas de inversión

Categoría de socio	Conteo de socios	Ingresos colaborativos anuales
Proveedores de seguros	6	$ 24.3 millones
Empresas de inversión	4	$ 18.7 millones

Proveedores de tecnología para soluciones de banca digital

Union Bankshares colabora con proveedores de tecnología especializados para mejorar la infraestructura bancaria digital.

• Socios de computación en la nube: 3
• Proveedores de soluciones de ciberseguridad: 5
• Desarrolladores de plataforma de banca móvil: 2

Socios de colaboración de fintech

Enfoque de asociación Fintech	Número de socios	Inversión en colaboración
Procesamiento de pagos	4	$ 12.5 millones
Plataformas de préstamos digitales	3	$ 9.2 millones

Union Bankshares, Inc. (UNB) - Modelo de negocio: actividades clave

Servicios de banca comercial y minorista

A partir de 2024, Union Bankshares, Inc. opera con activos totales de $ 13.4 mil millones y mantiene una red de 157 oficinas bancarias en múltiples estados.

Categoría de servicio bancario	Volumen total	Penetración del mercado
Cuentas corrientes	248,600 cuentas	67% de participación en el mercado regional
Cuentas de ahorro	176,400 cuentas	59% de participación en el mercado regional

Originación de préstamo y gestión de crédito

Union Bankshares mantiene una sólida cartera de préstamos con un enfoque estratégico en diversos segmentos de préstamos.

Categoría de préstamo	Saldo pendiente total	Tasa de crecimiento anual
Préstamos comerciales	$ 6.2 mil millones	4.7%
Hipotecas residenciales	$ 3.8 mil millones	3.2%
Préstamos al consumo	$ 1.6 mil millones	2.9%

Aviso de gestión de patrimonio e inversiones

Union Bankshares brinda servicios integrales de gestión de patrimonio con activos sustanciales bajo administración.

• Activos totales bajo administración: $ 4.6 mil millones
• Número de clientes de gestión de patrimonio: 22,400
• Valor promedio de la cartera de clientes: $ 205,000

Desarrollo de la plataforma de banca digital

Las inversiones de infraestructura de banca digital apoyan el avance tecnológico y la experiencia del cliente.

• Inversión tecnológica anual: $ 42.3 millones
• Usuarios de banca móvil: 186,500
• Volumen de transacciones en línea: 4.2 millones de transacciones mensuales

Gestión de riesgos y monitoreo de cumplimiento

Estrategia integral de gestión de riesgos con recursos dedicados y sistemas de monitoreo avanzado.

Métrico de cumplimiento	Indicador de rendimiento
Presupuesto de cumplimiento regulatorio	$ 18.7 millones
Personal de cumplimiento	127 profesionales a tiempo completo
Horas de capacitación anual de cumplimiento	6.400 horas

Union Bankshares, Inc. (UNB) - Modelo de negocio: recursos clave

Infraestructura bancaria regional fuerte

A partir del cuarto trimestre de 2023, Union Bankshares opera 151 oficinas bancarias en Virginia, con activos totales de $ 17.4 mil millones. La red de sucursales cubre 84 condados y ciudades dentro del estado.

Infraestructura métrica	Cantidad
Oficinas bancarias totales	151
Activos totales	$ 17.4 mil millones
Cobertura geográfica	84 condados/ciudades

Equipo experimentado de gestión financiera

Composición de liderazgo ejecutivo:

• CEO: G. William Beale III
• CFO: Robert M. Gorman
• Promedio de tenencia ejecutiva: 15.7 años

Tecnología de banca digital avanzada

Inversión en infraestructura tecnológica en 2023: $ 42.3 millones

Capacidades de banca digital	Tasa de adopción
Usuarios de banca móvil	237,000
Plataformas de banca en línea	3 sistemas integrados

Base de datos integral de clientes

Cuentas totales de clientes: 512,600

• Banca personal: 387,400 cuentas
• Banca de negocios: 125,200 cuentas

Capital financiero y reservas robustas

Métricas financieras al 31 de diciembre de 2023:

Métrico de capital	Cantidad
Relación de capital de nivel 1	12.4%
Equidad total de los accionistas	$ 2.1 mil millones
Equivalentes de efectivo y efectivo	$ 643 millones

Union Bankshares, Inc. (UNB) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para comunidades locales

A partir del cuarto trimestre de 2023, Union Bankshares atiende a 93 sucursales en Virginia con activos totales de $ 13.4 mil millones. La penetración del mercado local alcanza el 22.3% en las regiones de servicios centrales.

Métrico de mercado	Valor
Total de ramas	93
Activos totales	$ 13.4 mil millones
Cuota de mercado local	22.3%

Tasas de interés competitivas y productos financieros

Tasas de interés actuales para productos de Bankshares de Union:

• Cuentas de ahorro personal: 3.75% APY
• Cuentas del mercado monetario: 4.25% APY
• Tasas de CD de 12 meses: 4.65% APY

Experiencias integrales de banca digital y móvil

Estadísticas de banca digital para Union Bankshares a partir de 2024:

Métrica de banca digital	Valor
Usuarios de banca móvil	187,500
Volumen de transacciones en línea	2.3 millones mensuales
Calificación de aplicaciones móviles	4.6/5

Enfoque de servicio al cliente basado en relaciones

Tasa de retención de clientes: 87.4% a diciembre de 2023, con una duración promedio de la relación con el cliente de 7.2 años.

Asesoramiento financiero personalizado y gestión de patrimonio

Rendimiento del segmento de gestión de patrimonio:

• Activos totales bajo administración: $ 2.6 mil millones
• Tamaño promedio de la cartera del cliente: $ 475,000
• Crecimiento del cliente de gestión de patrimonio: 12.7% año tras año

Union Bankshares, Inc. (UNB) - Modelo de negocios: relaciones con los clientes

Gerentes de relaciones dedicadas

A partir de 2024, Union Bankshares proporciona 37 gerentes de relaciones dedicadas en su red bancaria regional. Estos gerentes sirven segmentos específicos de clientes con orientación financiera personalizada.

Segmento de clientes	Gerentes dedicados	Tamaño promedio de la cartera
Banca comercial	15	$ 42.6 millones
Banca personal	22	$ 8.3 millones

Canales de atención al cliente personalizados

Union Bankshares ofrece múltiples canales de soporte con 98.7% Tasa de satisfacción del cliente.

• Soporte telefónico: disponibilidad 24/7
• Chat en línea: tiempo de respuesta menor de 3 minutos
• Soporte por correo electrónico: respuesta garantizada de 2 horas
• Consultas en la rama

Enfoque bancario centrado en la comunidad

El banco sirve 127 comunidades locales con programas financieros específicos.

Programa comunitario	Inversión anual	Beneficiarios
Subvenciones de pequeñas empresas	$ 3.2 millones	86 empresas locales
Alfabetización financiera	$ 1.5 millones	12.400 personas

Plataformas de autoservicio digital

Las plataformas de banca digital sirven 68% de la base total de clientes.

• Aplicación de banca móvil: 245,000 usuarios activos
• Portal de banca en línea: 312,000 usuarios registrados
• Volumen de transacción digital: $ 1.7 mil millones anualmente

Educación financiera regular y servicios de asesoramiento

Union Bankshares proporciona educación financiera integral a través de múltiples canales.

Servicio educativo	Participantes anuales	Costo de sesión promedio
Seminarios web	7,800	Gratis
Talleres en persona	3,200	$ 45 por sesión
Aviso	1,600	$ 125 por consulta

Union Bankshares, Inc. (UNB) - Modelo de negocios: canales

Red de sucursales físicas

A partir de 2024, Union Bankshares opera 133 ubicaciones de sucursales totales principalmente en Virginia y partes de Maryland.

Estado	Número de ramas
Virginia	119
Maryland	14

Sitio web de banca en línea

La plataforma digital de Union Bank admite Más de 75,000 usuarios bancarios en línea activos con características que incluyen:

• Monitoreo del saldo de la cuenta
• Servicios de pago de facturas
• Transferencias de fondos
• Declaraciones electrónicas

Aplicación de banca móvil

Estadísticas de plataforma de banca móvil:

• 49,200 usuarios de aplicaciones móviles activas
• Disponible en plataformas iOS y Android
• Transacciones móviles mensuales promedio: 372,000

Red de cajeros automáticos

Detalles de la red	Cantidad
Ubicaciones de cajeros automáticos totales	198
Cajeros automáticos	142
ATMS de socios de red	56

Centros de llamadas de servicio al cliente

Métricas operativas del centro de llamadas:

• Representantes de servicio al cliente total: 87
• Tiempo promedio de manejo de llamadas: 6.2 minutos
• Volumen anual de llamadas: 412,000 interacciones con el cliente

Union Bankshares, Inc. (UNB) - Modelo de negocio: segmentos de clientes

Empresas locales pequeñas a medianas

A partir del cuarto trimestre de 2023, Union Bankshares atiende a aproximadamente 3.750 empresas locales pequeñas a medianas en Virginia y las regiones circundantes.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	1,425	$285,000
Empresas de servicios	1,175	$342,000
Servicios profesionales	1,150	$412,000

Clientes de banca minorista individual

Union Bankshares tiene 157,200 clientes de banca minorista individual al 31 de diciembre de 2023.

• Cuentas corrientes personales: 89,500
• Cuentas de ahorro personal: 67,700
• Edad promedio del cliente: 42 años

Individuos de alto nivel de red

El banco atiende a 4,250 individuos de alto patrimonio con activos totales de más de $ 1 millón.

Rango de activos	Número de clientes	Valor de cartera promedio
$ 1M - $ 5M	3,100	$ 2.3 millones
$ 5M - $ 10M	850	$ 6.7 millones
Más de $ 10M	300	$ 15.4 millones

Miembros de la comunidad agrícola y rural

Union Bankshares apoya a 2.600 clientes de la comunidad agrícola y rural.

• Préstamos agrícolas: 1.375 clientes
• Préstamos comerciales rurales: 825 clientes
• Financiamiento de equipos agrícolas: 400 clientes

Clientes comerciales y corporativos

El banco atiende a 1,850 clientes comerciales y corporativos con una cartera de préstamos comerciales totales de $ 2.3 mil millones en 2023.

Segmento corporativo	Número de clientes	Facilidad de crédito promedio
Corporaciones medianas	875	$ 5.2 millones
Grandes corporaciones	475	$ 12.7 millones
Pequeñas entidades corporativas	500	$ 1.6 millones

Union Bankshares, Inc. (UNB) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir del informe anual de 2022, Union Bankshares, Inc. reportó gastos de operación de sucursal total de $ 45.3 millones.

Categoría de gastos	Monto ($)
Costos de ocupación	12,600,000
Mantenimiento	7,800,000
Utilidades	3,900,000

Tecnología e inversiones en infraestructura digital

En 2022, el banco invirtió $ 18.7 millones en infraestructura tecnológica.

• Actualizaciones del sistema bancario central: $ 6.2 millones
• Mejoras de ciberseguridad: $ 4.5 millones
• Desarrollo de la plataforma de banca digital: $ 8 millones

Salarios y beneficios de los empleados

Los gastos totales de personal para 2022 fueron de $ 87.6 millones.

Componente de compensación	Monto ($)
Salarios base	62,400,000
Bonos de rendimiento	12,500,000
Beneficios de atención médica y jubilación	12,700,000

Costos de cumplimiento regulatorio

Los gastos relacionados con el cumplimiento totalizaron $ 15.2 millones en 2022.

• Personal legal y de cumplimiento: $ 6.8 millones
• Sistemas de informes regulatorios: $ 4.5 millones
• Auditoría externa y consultoría: $ 3.9 millones

Gastos de marketing y adquisición de clientes

El gasto de marketing para 2022 fue de $ 9.6 millones.

Canal de marketing	Monto ($)
Marketing digital	3,800,000
Publicidad tradicional	2,700,000
Patrocinios comunitarios	1,400,000
Programas de adquisición de clientes	1,700,000

Union Bankshares, Inc. (UNB) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos y productos de crédito

Para el año fiscal 2023, Union Bankshares, Inc. reportó ingresos por intereses totales de $ 343.1 millones. Los intereses de los préstamos representaron específicamente $ 312.5 millones de ingresos totales.

Categoría de préstamo	Ingresos de intereses ($ M)
Préstamos comerciales	187.6
Préstamos hipotecarios residenciales	98.3
Préstamos al consumo	26.6

Tarifas de servicio bancario

Las tarifas de servicio generaron $ 45.2 millones en ingresos para el banco en 2023.

• Tarifas de mantenimiento de la cuenta: $ 18.7 millones
• Tarifas de sobregiro: $ 12.5 millones
• Tarifas de transacción de cajeros automáticos: $ 8.4 millones
• Tasas de transferencia de cables: $ 5.6 millones

Comisiones de inversión y gestión de patrimonio

Wealth Management Services produjo $ 37.8 millones en ingresos por comisión durante 2023.

Categoría de servicio	Ingresos de la Comisión ($ M)
Gestión de cartera	22.3
Planificación financiera	9.5
Aviso de inversión	6.0

Tarifas de transacción

Las tarifas relacionadas con la transacción ascendieron a $ 23.6 millones en 2023.

• Tarifas de transacción con tarjeta de débito: $ 14.2 millones
• Tarifas de transacción con tarjeta de crédito: $ 6.8 millones
• Tarifas de pago electrónico: $ 2.6 millones

Servicios de gestión del tesoro

Los Servicios de Gestión del Tesoro generaron $ 16.4 millones en ingresos para 2023.

Servicio del tesoro	Ingresos ($ M)
Gestión de efectivo	8.7
Servicios comerciales	4.9
Servicios bancarios internacionales	2.8

Union Bankshares, Inc. (UNB) - Canvas Business Model: Value Propositions

You're looking at what Union Bankshares, Inc. (UNB) actually offers its clients, the core value it delivers. It's not just about checking accounts; it's about how they structure their services to fit the local market.

Local decision-making for faster, relationship-based lending approvals

The value here is proximity and speed, which is key when you need capital. Being a community bank means decisions aren't made three states away. This focus supports their strong loan origination capabilities. For instance, as of September 30, 2025, total loans stood at $1.18 billion, reflecting a 5.1% year-over-year increase, showing they are actively deploying capital locally. Furthermore, Union Bankshares, Inc. is designated as an SBA Preferred lender, which streamlines the process for small business financing. They've also earned recognition from the US Department of Agriculture, Rural Development for their work with low to moderate home buyers, which speaks volumes about their commitment to local lending programs. Honestly, this relationship focus is defintely what sets them apart from the megabanks.

Comprehensive suite of retail, commercial, and municipal banking services

Union Bankshares, Inc. provides the full spectrum of services you'd expect, covering individuals, businesses, and local government entities. This breadth supports their overall balance sheet strength. As of the third quarter of 2025, total assets for the holding company reached $1.57 billion, supported by total deposits of $1.19 billion at the same date. They don't just do one thing well; they cover the whole community's needs. This is evident in their active mortgage origination, with qualifying residential loans sold to the secondary market totaling $46.0 million in Q3 2025 alone.

The services portfolio includes:

• Retail banking for individuals.
• Commercial banking for small and medium-sized corporations.
• Services for nonprofit organizations and local municipalities.
• Strong residential lending programs.

Stability and trust as a community bank founded in 1891

Trust is built over time, and Union Bankshares, Inc. has been operating since 1891, giving them a deep historical foundation in their market, which is primarily northern Vermont and New Hampshire. This long tenure suggests resilience. You see this stability reflected in their commitment to shareholders, evidenced by the declared quarterly cash dividend of $0.36 per share as of Q3 2025. Their book value per share also grew to $16.95 as of September 30, 2025, up 6.1% year-over-year, showing capital strength. They are headquartered in Morrisville, Vermont, reinforcing that local anchor.

Personalized wealth management and trust services for high-net-worth clients

Beyond core banking, Union Bankshares, Inc. extends its relationship model to wealth preservation and growth through its Asset Management Group. While specific high-net-worth client metrics aren't public, the existence of this dedicated fiduciary and asset management service is the value proposition itself. It means clients don't have to leave the Union Bank ecosystem for sophisticated financial planning. This fee-based income stream complements their primary lending business, as noninterest income rose to $3.05 million in Q3 2025.

Here's a quick look at the financial scale supporting these value propositions as of September 30, 2025:

Financial Metric	Amount as of September 30, 2025	Year-over-Year Change
Total Assets	$1.57 billion	Increase
Total Loans	$1.18 billion	5.1% increase
Total Deposits	$1.19 billion	Increase
Net Income (Q3 2025)	$3.4 million	Up from $1.3 million in Q3 2024
Book Value Per Share	$16.95	6.1% increase YoY

Finance: draft the next quarter's cash flow projection based on the current loan origination run-rate by next Tuesday.

Union Bankshares, Inc. (UNB) - Canvas Business Model: Customer Relationships

You're looking at how Union Bankshares, Inc. (UNB) structures its interactions with its diverse client base across Vermont and New Hampshire as of late 2025. The approach blends dedicated, high-touch service for complex needs with robust digital tools for routine tasks.

Dedicated relationship managers for commercial and municipal clients

Union Bankshares, Inc. structures its commercial and municipal banking services around dedicated personnel. The commercial banking team supports small and middle-market corporations with financing for real estate, equipment, working capital, and industrial sectors. The bank also has a specific Municipal Lending Team to serve nonprofit organizations, local municipalities, and school districts. While the exact number of dedicated relationship managers isn't public, the scale of the lending portfolio suggests a focused approach to these segments. For instance, as of March 31, 2025, the Company serviced $\mathbf{\$36.4}$ million of commercial and commercial real estate loans for unaffiliated third parties. This structure is necessary to manage the $\mathbf{\$1.18}$ billion in total loans held by Union Bankshares, Inc. as of September 30, 2025.

High-touch, personalized service model at branch locations

The physical presence supports this personalized model. Union Bankshares, Inc. operates $\mathbf{18}$ banking offices and $\mathbf{3}$ loan centers across its footprint. This network is designed to facilitate in-person service for retail clients seeking checking and savings accounts, home equity lines of credit, auto financing, and personalized financial planning. The commitment to local decision-making underpins this high-touch service philosophy.

Quarterly relationship reviews for business banking clients

For business banking clients, Union Bankshares, Inc. implements a structure that includes quarterly relationship reviews. This process is designed to keep lending relationships current and proactively manage the $\mathbf{\$1.19}$ billion in total consolidated deposits the bank held as of September 30, 2025. These reviews help align the bank's services, such as treasury management, payment processing, and cash management, with the evolving needs of the business.

Self-service digital banking platforms for day-to-day transactions

To handle routine, day-to-day banking, Union Bankshares, Inc. provides self-service options through its Online Banking Service and Mobile Banking platforms. This digital layer supports the $\mathbf{\$1.19}$ billion deposit base. A focus on core deposits is evident, as the bank held $\mathbf{\$232.6}$ million in non-interest-bearing accounts at the end of Q1 2025. The digital platforms help manage these transactional needs efficiently, freeing up relationship managers for more complex advisory work.

Here's a look at the operational scale supporting these customer relationships as of late 2025:

Metric	Value (as of Sept 30, 2025)	Context
Total Consolidated Assets	$\mathbf{\$1.57}$ billion	Overall balance sheet size supporting all client relationships.
Total Net Loans	$\mathbf{\$1.18}$ billion	The core lending relationship volume.
Total Consolidated Deposits	$\mathbf{\$1.19}$ billion	The core funding relationship volume.
Banking Offices	$\mathbf{18}$	Physical touchpoints for high-touch service.
Book Value Per Share	$\mathbf{\$16.95}$	Reflects the accumulated value supporting client confidence.

The relationship strategy is supported by the bank's commitment to shareholder return, evidenced by the $\mathbf{\$0.36}$ per share quarterly cash dividend declared in Q3 2025.

The key service channels available to clients include:

• Commercial Lending Team support.
• Municipal Lending Team engagement.
• Wealth Management Investment Management.
• Online Banking Service access.
• Mobile Banking functionality.

Finance: draft 13-week cash view by Friday.

Union Bankshares, Inc. (UNB) - Canvas Business Model: Channels

You're looking at how Union Bankshares, Inc. (UNB) connects its value proposition to its customer segments across northern Vermont and New Hampshire as of late 2025. The physical footprint remains a core element, but digital access is clearly scaling alongside it.

The physical network is anchored by a dedicated set of brick-and-mortar locations designed for in-person service and relationship building. As of September 30, 2025, Union Bankshares, Inc. operates:

• Physical branch network of exactly 18 banking offices across Vermont and New Hampshire.
• Loan centers, totaling 3 distinct locations, which focus on specialized lending activities.
• Multiple ATMs providing cash access throughout the service area.

This physical presence supports total consolidated assets of $1.57 billion as of the third quarter of 2025. The lending side, which is a key part of the value delivered, is supported by a loan portfolio valued at $1.18 billion on that date.

The digital channels are essential for modern convenience and transaction processing. These platforms allow Union Bankshares, Inc. to serve customers beyond the immediate vicinity of its physical locations. The digital offering includes:

• Online banking services for account management.
• A dedicated mobile app for banking on the go.
• Telebanking services for remote customer support.

Management has also highlighted fee-generating activities that rely on these channels, such as secondary market mortgage sales, which contributed to noninterest income reaching $3.05 million in the third quarter of 2025. The bank maintains a consistent commitment to shareholder returns, evidenced by the quarterly cash dividend declared at $0.36 per share in Q3 2025.

Here's a quick look at the physical distribution as of late 2025:

Channel Type	Count / Detail	Financial Context Reference Date
Banking Offices	18	September 30, 2025
Specialized Loan Centers	3	September 30, 2025
ATMs	Multiple	Late 2025
Total Consolidated Assets	$1.57 billion	September 30, 2025

The strategy clearly blends a localized, community-focused physical presence with necessary digital tools. Finance: draft 13-week cash view by Friday.

Union Bankshares, Inc. (UNB) - Canvas Business Model: Customer Segments

Union Bankshares, Inc. (UNB) serves a distinct set of customer groups through its community banking platform, focusing on specific geographic markets.

The primary operational footprint for Union Bankshares, Inc. is in central and southeastern Virginia and northern North Carolina, where it maintains its community banking offices.

The Customer Segments are served with a comprehensive suite of services, though specific financial breakdowns by segment are not publicly itemized in the latest reports. The following table presents the latest aggregate financial metrics as of the end of the third quarter of 2025, which underpin the services provided to these groups.

Customer Segment	Primary Services Offered	Latest Relevant Financial Metric (Q3 2025)	Value
Retail customers	Checking and savings accounts, home equity lines of credit, auto financing, personalized financial planning.	Total Consolidated Deposits	$1.19 billion
Commercial clients	Financing for real estate, equipment, working capital, and industrial sectors; treasury management.	Total Net Loans	$1.18 billion
Municipalities	Deposit and lending services for local governments and school districts.	Total Consolidated Assets	$1.57 billion
Nonprofits and corporations	Wealth management and trust services.	Net Interest Income (Q3 2025)	$11.16 million

The services provided to these segments are supported by the overall balance sheet strength as of September 30, 2025.

• Total Consolidated Assets: $1.57 billion
• Total Consolidated Deposits: $1.19 billion
• Total Net Loans: $1.18 billion
• Allowance for Credit Losses on Loans: Increased 14.0% over the comparison period.

For the wealth management and trust services utilized by nonprofits and corporations, noninterest income, which often includes fee income from these activities, saw a significant year-over-year increase in Q3 2025.

• Total Noninterest Income (Q3 2025): Rose to $3.05 million.
• Year-over-year increase in Noninterest Income (Q3 2025): 108.7%, driven partly by the absence of a prior year securities loss.

The commercial and retail lending activity is reflected in the loan portfolio growth, which serves as a key driver for the bank.

• Loan Growth (Year-over-Year as of Q3 2025): Increased 5.1%.
• Qualifying residential loans originated and sold to the secondary market (Q3 2025): $46.0 million.

The bank maintains a physical presence to serve these local segments.

• Number of Banking Offices: 18.
• Number of Loan Centers: Three.

Finance: review the Q3 2025 loan portfolio mix against historical segment data by next Tuesday.

Union Bankshares, Inc. (UNB) - Canvas Business Model: Cost Structure

You're looking at the expenses that drive the operations for Union Bankshares, Inc. as of late 2025. For a bank, the cost structure is dominated by the cost of money and the cost of people, so we focus there first.

Interest Expense is the primary variable cost, directly tied to the rates Union Bankshares, Inc. pays on its funding sources. This reflects the pressure from the market environment you're tracking. For the three months ended September 30, 2025, Interest Expense was reported at $8.1 million, a sequential increase of 3.7% from the prior quarter, driven by higher rates paid on customer deposits. This compares to $8.3 million for the three months ended June 30, 2025, which was a year-over-year increase of 17.1%.

Personnel Costs are the largest part of noninterest expense. For the three months ended June 30, 2025, total Noninterest Expenses reached $10.5 million, up 7.2% from the prior year period. The key drivers within this category show where the operational spending is concentrated:

• Salaries and wages increased by $311 thousand for Q2 2025.
• Salaries and wages saw a larger increase of $421 thousand for Q3 2025.
• Employee benefits increased by $340 thousand in Q2 2025.
• Employee benefits decreased by $116 thousand in Q3 2025.

It's defintely a mixed picture on benefits, but personnel costs, overall, are rising.

Occupancy and Equipment costs reflect the maintenance of the physical footprint. Union Bankshares, Inc. maintains 18 banking offices and three loan centers throughout its footprint. Here's how those specific costs trended in the recent quarters:

Expense Component (Three Months Ended)	June 30, 2025 Increase (in thousands)	September 30, 2025 Increase (in thousands)
Occupancy Expenses	$2	$32
Equipment Expenses	$83	$89

Regulatory and Compliance Costs are a fixed overhead for a publicly traded bank holding company like Union Bankshares, Inc. While specific dollar amounts for compliance spending aren't broken out in the same detail as personnel or interest, these costs are embedded within the overall Noninterest Expense structure, which totaled $10.3 million for the three months ended September 30, 2025.

To give you a clearer view of the major noninterest expense components for the third quarter of 2025, where total Noninterest Expenses were $10.3 million, here is the reported change:

Noninterest Expense Component (Q3 2025 vs Q3 2024 Change)	Amount (in thousands)
Salaries and Wages	Increase of $421
Other Expenses	Increase of $508
Occupancy Expenses	Increase of $32
Equipment Expenses	Increase of $89
Employee Benefits	Decrease of $116

Finance: draft 13-week cash view by Friday.

Union Bankshares, Inc. (UNB) - Canvas Business Model: Revenue Streams

You're looking at the core ways Union Bankshares, Inc. (UNB) brings in money as of late 2025. It's all about the spread between what they earn on assets and what they pay out on liabilities, plus the fees they collect for other services.

Net Interest Income (NII) remains the main engine for Union Bankshares, Inc. revenue. For the three months ended September 30, 2025, the reported NII was $11.2 million. This shows solid performance, up from $9.4 million in the same period last year.

The interest earned on the lending side is a huge component of that NII. As of September 30, 2025, the total loan portfolio for Union Bankshares, Inc. stood at $1.18 billion. This loan book is primarily made up of real estate secured loans.

Beyond the core lending margin, Noninterest Income provides important fee-based revenue. For the third quarter of 2025, Noninterest Income rose to $3.05 million. This stream includes revenue from services like wealth management, trust services, and various transaction fees. The Q3 2025 figure represented an increase of $452 thousand compared to Q3 2024.

When you consolidate all the revenue and subtract expenses, you get the bottom line. Consolidated net income for Union Bankshares, Inc. for the nine months ended September 30, 2025, was $8.3 million. This compares favorably to the $5.8 million reported for the same nine-month period in 2024.

Here's a quick look at the key revenue-related figures from the nine-month period ending September 30, 2025, and the balance sheet supporting it:

Metric	Amount (Nine Months Ended Sept 30, 2025)
Consolidated Net Income	$8.3 million
Total Loans (Portfolio Size)	$1.18 billion
Total Assets	$1.57 billion
Total Deposits	$1.19 billion

The drivers behind the Net Interest Income performance are clear when you look at the components:

• Interest Income (Q3 2025): $19.21 million
• Interest Expense (Q3 2025): $8.05 million
• Net Interest Income (Q3 2025): $11.16 million to $11.2 million range
• Net Interest Margin (Q3 2025): 3.80%

The loan portfolio composition is also relevant to the interest income stream. At March 31, 2025, the portfolio breakdown was:

• Real estate secured loans: $1.02 billion (87.2% of total loans)
• Residential real estate loans (as of Q2 2025): $463.3 million (39.9% of gross loans)
• Commercial real estate loans (as of Q2 2025): $440.8 million (38.0% of gross loans)

Finance: draft 13-week cash view by Friday.