UNION BANKSHARES INC UNB Income Statement

Union bankshares inc (UNB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income
Interest and fees on loans
33,598	33,209	32,632	31,612	30,786	29,883	29,010	28,421	27,655	26,978	26,275	25,737	25,383	25,056	24,582	24,189	23,794	23,531	23,479	23,417	23,386	23,416	23,425	23,469	23,428	23,334	23,367	23,489	23,542	23,684	23,649	23,334	22,883	22,269	21,711	21,300	0	0	0
Interest on debt securities:
Taxable
1,601	1,615	1,629	1,541	1,388	1,276	1,154	1,083	1,024	977	943	904	878	885	919	950	984	950	924	878	827	817	762	704	638	543	529	512	544	633	695	767	772	716	689	689	0	0	0
Tax exempt
544	518	514	528	563	577	584	598	614	634	648	633	617	589	541	506	466	436	421	408	393	367	340	315	294	283	301	323	345	363	360	352	341	326	313	302	0	0	0
Dividends
267	275	88	129	135	133	213	190	162	167	147	132	123	95	65	54	45	43	53	61	68	68	72	65	62	63	65	56	49	51	40	34	29	15	8	6	0	0	0
Interest on federal funds sold and overnight deposits
182	190	146	153	112	104	138	127	137	114	92	89	76	51	25	14	12	15	23	28	28	24	20	17	23	32	42	43	36	27	20	25	32	34	32	27	0	0	0
Interest on interest bearing deposits in banks
181	195	208	218	217	207	190	172	157	147	146	145	150	160	168	174	174	169	164	157	155	160	168	191	211	226	236	240	253	270	291	306	310	309	325	357	0	0	0
Total interest and dividend income
36,373	36,002	35,217	34,181	33,201	32,180	31,289	30,591	29,749	29,017	28,251	27,640	27,227	26,836	26,300	25,887	25,475	25,144	25,064	24,949	24,857	24,852	24,787	24,761	24,656	24,481	24,540	24,663	24,769	25,028	25,055	24,818	24,367	23,669	23,078	22,681	0	0	0
Interest expense
Interest on deposits
4,969	4,725	4,361	4,005	3,403	2,871	2,449	2,060	1,882	1,771	1,693	1,603	1,619	1,622	1,597	1,609	1,631	1,682	1,714	1,763	1,750	1,746	1,780	1,832	1,897	1,943	2,037	2,141	2,274	2,416	2,545	2,719	2,812	2,825	2,879	2,881	0	0	0
Interest on borrowed funds
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Total interest expense
5,846	5,616	5,242	4,831	4,161	3,581	3,079	2,580	2,365	2,255	2,198	2,082	2,085	2,061	1,981	1,971	1,973	2,025	2,068	2,135	2,143	2,155	2,223	2,304	2,388	2,459	2,643	2,849	3,089	3,351	3,507	3,708	3,857	3,908	4,009	4,029	0	0	0
Net interest income
30,527	30,386	29,975	29,350	29,040	28,599	28,210	28,011	27,384	26,762	26,053	25,558	25,142	24,775	24,319	23,916	23,502	23,119	22,996	22,814	22,714	22,697	22,564	22,457	22,268	22,022	21,897	21,814	21,680	21,677	21,548	21,110	20,510	19,761	19,069	18,652	0	0	0
Provision for loan losses
1,025	775	500	500	500	450	350	350	200	200	150	0	75	150	300	450	525	550	445	445	370	345	375	320	320	305	380	435	540	660	835	835	805	775	650	590	0	0	0
Net interest income after provision for loan losses
29,502	29,611	29,475	28,850	28,540	28,149	27,860	27,661	27,184	26,562	25,903	25,558	25,067	24,625	24,019	23,466	22,977	22,569	22,551	22,369	22,344	22,352	22,189	22,137	21,948	21,717	21,517	21,379	21,140	21,017	20,713	20,275	19,705	18,986	18,419	18,062	0	0	0
Noninterest income
Trust Income
697	692	714	737	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust income
-	-	-	-	-	-	-	-	754	739	762	754	743	737	704	704	714	719	715	727	728	726	721	693	656	644	627	626	631	615	604	582	572	557	539	515	0	0	0
Service fees
6,179	6,108	6,160	6,111	6,090	6,151	6,045	6,030	5,998	5,951	5,938	5,923	5,899	5,871	5,812	5,713	5,634	5,568	5,506	5,491	5,428	5,354	5,268	5,170	5,142	5,059	5,003	4,951	4,891	4,877	4,807	4,686	4,536	4,367	4,226	4,093	0	0	0
Available-for-sale Securities, Gross Realized Gain (Loss)
32	25	18	18	14	10	0	0	0	-	0	0	-	-	0	0	-	-	0	0	-	315	296	62	39	-1	628	628	634	673	44	217	225	183	183	10	0	0	0
Gain (Loss) on Sales of Loans, Net
3,333	2,895	2,406	2,178	1,926	1,847	1,863	1,924	2,090	2,303	2,464	2,728	2,906	2,898	2,853	2,632	2,642	2,871	2,717	2,670	2,393	2,097	2,108	1,996	2,071	2,305	2,963	3,723	3,808	3,614	3,018	2,200	1,871	1,566	1,324	1,060	0	0	0
Net (loss) gain on other investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
554	603	477	447	416	714	736	736	774	385	428	456	568	563	533	594	600	581	517	550	470	417	429	391	398	502	820	802	814	746	541	453	423	452	354	411	0	0	0
Total noninterest income
10,609	10,323	9,814	9,534	9,234	9,473	9,398	9,452	9,633	9,395	9,625	9,923	10,187	10,140	9,985	9,714	9,643	9,792	9,515	9,691	9,291	8,909	8,822	8,312	8,306	8,509	10,041	10,730	10,778	10,525	9,014	8,138	7,627	7,125	6,626	6,089	0	0	0
Noninterest expenses
Salaries and wages
12,144	11,821	11,513	11,186	10,897	10,748	10,623	10,448	10,338	10,257	10,323	10,375	10,313	10,203	9,959	9,763	9,652	9,517	9,302	9,129	8,992	8,916	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefits
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and wages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,961	8,876	8,876	8,953	8,725	8,590	8,247	7,743	7,404	6,896	0	0	0
Employee benefits
-	-	0	0	-	-	0	0	-	-	3,650	3,561	3,461	-	3,394	3,268	3,186	2,977	2,905	2,858	2,792	2,725	2,922	2,826	2,761	2,777	2,742	3,114	3,533	3,908	3,850	3,672	3,394	3,153	3,085	2,969	0	0	0
Occupancy expense, net
1,882	1,806	1,665	1,575	1,490	1,447	1,411	1,393	1,420	1,415	1,413	1,390	1,336	1,263	1,216	1,212	1,215	1,279	1,279	1,258	1,241	1,199	1,191	1,168	1,164	1,156	1,146	1,149	1,143	1,156	1,175	1,199	1,175	1,121	1,052	997	0	0	0
Equipment expense
2,650	2,475	2,315	2,218	2,164	2,134	2,193	2,197	2,209	2,208	2,101	2,122	2,140	2,115	2,132	2,058	1,977	1,875	1,787	1,744	1,694	1,674	1,631	1,580	1,558	1,597	1,607	1,618	1,571	1,490	1,420	1,343	1,269	1,220	1,161	1,086	0	0	0
Branch acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Other expenses
7,248	7,160	7,068	7,005	6,793	6,664	6,668	6,463	6,345	6,317	6,387	6,509	6,644	6,550	6,034	6,084	6,103	6,172	6,924	7,086	7,086	7,080	7,046	6,706	6,692	6,735	7,240	7,575	7,550	7,528	7,077	6,781	6,649	6,536	5,810	5,550	0	0	0
Total noninterest expenses
28,101	27,456	30,646	30,170	29,669	29,277	25,118	24,534	24,099	23,905	23,874	23,957	23,894	23,656	22,735	22,385	22,133	21,820	22,197	22,075	21,805	21,594	21,736	21,293	21,229	21,229	21,696	22,332	22,673	23,035	21,878	21,278	20,734	19,773	18,881	17,805	0	0	0
Income before provision for income taxes
12,010	12,478	8,643	8,214	8,105	8,345	12,140	12,579	12,718	12,052	11,654	11,524	11,360	11,109	11,269	10,795	10,487	10,541	9,869	9,985	9,830	9,667	9,275	9,156	9,025	8,997	9,862	9,777	9,245	8,507	7,849	7,135	6,598	6,338	6,164	6,346	0	0	0
Provision for income taxes
1,787	1,830	1,190	1,188	1,159	1,273	2,710	3,090	3,452	3,603	2,782	2,754	2,678	2,598	3,176	2,920	2,734	2,663	2,033	2,073	2,016	1,973	1,938	1,872	1,863	1,862	2,057	2,064	1,891	1,663	1,470	1,310	1,180	1,119	1,218	1,301	0	0	0
Net Income (Loss) Attributable to Parent
10,223	10,648	7,453	7,026	6,946	7,072	9,430	9,489	9,266	8,449	8,872	8,770	8,682	8,511	8,093	7,875	7,753	7,878	7,836	7,912	7,814	7,694	7,337	7,284	7,162	7,135	7,805	7,713	7,354	6,844	6,379	5,825	5,418	5,219	4,946	5,045	0	0	0
Earnings per common share
0.49	0.61	0.62	0.56	0.59	-0.10	0.52	0.54	0.62	0.43	0.53	0.50	0.43	0.53	0.51	0.48	0.39	0.44	0.45	0.46	0.42	0.43	0.47	0.43	0.40	0.34	0.47	0.40	0.39	0.50	0.44	0.32	0.28	0.39	0.32	0.23	0.23	0.33	0.34
Weighted average number of common shares outstanding
4,472	-	4,468	4,467	4,467	-	4,465	4,465	4,465	-	4,462	4,461	4,462	-	4,459	4,458	4,458	-	4,458	4,458	4,457	-	4,458	4,458	4,458	-	4,458	4,456	4,455	-	4,457	4,456	4,457	4,457	4,457	4,457	4,455	4,456,281	4,460,064
Dividends per common share
0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.29	0.29	0.29	0.29	0.28	0.28	0.28	0.27	0.27	0.27	0.27	0.27	0.26	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25