Union Bankshares, Inc. (UNB) financial statements (2021 and earlier)

Company profile

Business Address P O BOX 667
MORRISVILLE, VT 05661-0667
State of Incorp. VT
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments664444
Cash and cash equivalents554444
Short-term investments11    
Restricted cash and investments 21111
Receivables763     
Total current assets:76985555
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment202116141413
Long-term investments and receivables7     
Long-term investments7     
Intangible assets, net (including goodwill)223333
Goodwill222222
Intangible assets, net (excluding goodwill)000111
Amortization method qualified affordable housing project investments 44   
Total noncurrent assets:313023171716
Other undisclosed assets294835778724670608
TOTAL ASSETS:1,094873805746691629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt0472821114
Total current liabilities:0472821114
Noncurrent Liabilities
Liabilities, other than long-term debt 01   
Qualified affordable housing project investments, commitment 01   
Total noncurrent liabilities: 01   
Other undisclosed liabilities1,013754712666624571
Total liabilities:1,013801741687635575
Stockholders' equity
Stockholders' equity attributable to parent817264595654
Common stock101010101010
Treasury stock, value(4)(4)(4)(4)(4)(4)
Additional paid in capital111111
Accumulated other comprehensive income (loss)31(1)(5)(3)(2)
Retained earnings716459575350
Total stockholders' equity:817264595654
TOTAL LIABILITIES AND EQUITY:1,094873805746691629

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues453935323029
Gain on disposition of assets for financial service operations83 
Net investment income373632292725
Cost of revenue(2)(1)(0)(0)(0)(1)
Provision for loan, lease, and other losses(2)(1) 
Financial services costs(0)(0)(0)(1)
Gross profit:433834323028
Operating expenses(17)(16)(14)(17)(17)(16)
Other operating income, net
(Noninterest Income, Other Operating Income)
111011
Operating income:272321151413
Nonoperating income
(Investment Income, Nonoperating)
  000 
Interest and debt expense(5)(6)(4)(2)(2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(5)(9)(1)(1)(1)
Income from continuing operations before income taxes:15128121110
Income tax expense(2)(2)(1)(4)(2)(2)
Net income available to common stockholders, diluted:13117898

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:13117898
Other comprehensive income (loss) 24(1)(1)(1)
Comprehensive income:131311787
Other undisclosed comprehensive income, net of tax, attributable to parent2     
Comprehensive income, net of tax, attributable to parent:141311787

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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