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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64444 
Cash and cash equivalents54444 
Short-term investments1     
Restricted cash and investments211111
Total current assets:855551
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment211614141312
Intangible assets, net (including goodwill)233333
Goodwill222222
Intangible assets, net (excluding goodwill)001111
Amortization method qualified affordable housing project investments44   
Total noncurrent assets:302317171615
Other undisclosed assets835778724670608607
TOTAL ASSETS:873805746691629624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt472821114 
Total current liabilities:472821114 
Noncurrent Liabilities
Liabilities, other than long-term debt01    
Qualified affordable housing project investments, commitment01   
Total noncurrent liabilities:01    
Other undisclosed liabilities754712666624571573
Total liabilities:801741687635575573
Stockholders' equity
Stockholders' equity attributable to parent726459565451
Common stock101010101010
Treasury stock, value(4)(4)(4)(4)(4)(4)
Additional paid in capital111110
Accumulated other comprehensive income (loss)1(1)(5)(3)(2)(1)
Retained earnings645957535046
Total stockholders' equity:726459565451
TOTAL LIABILITIES AND EQUITY:873805746691629624

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues39353230290
Revenue, net   0
Net investment income3632292725 
Cost of revenue(1)(0)(0)(0)(1)(0)
Provision for loan, lease, and other losses(1) 
Financial services costs(0)(0)(0)(1)(0)
Gross profit:3834323028(0)
Operating expenses(16)(14)(17)(17)(16)(1)
Other operating income, net
(Noninterest Income, Other Operating Income)
110110
Operating income (loss):2321151413(1)
Nonoperating income 000 0
Investment income, nonoperating 000  
Gains on sales of other real estate     0
Interest and debt expense(6)(4)(2)(2)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5)(9)(1)(1)(1)13
Income from continuing operations before income taxes:12812111010
Income tax expense(2)(1)(4)(2)(2)(2)
Net income available to common stockholders, diluted:1178988

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1178988
Other comprehensive income (loss)24(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:13117876

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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