Tue, Mar 25, 8:17 PM (33 days ago)
**UNB (Union Bankshares, Inc.)** **Financial Performance (2024):** - **Revenue:** $162.3 million - **Net Income:** $8.8 million - **Earnings per Share (EPS):** $1.94 (basic), $1.92 (diluted) - **Return on Average Assets (ROAA):** 0.60% - **Return on Average Equity (ROAE):** 13.38% - **Net Interest Margin:** 2.77% - **Efficiency Ratio:** 77.62% - **Net Interest Spread:** 2.30% - **Loan to Deposit Ratio:** 99.32% - **Allowance for Credit Losses (ACL) to Loans:** 0.66% - **Nonperforming Assets to Total Assets:** 0.12% - **Equity to Assets:** 4.35% - **Total Capital to Risk-Weighted Assets:** 12.53% **Strategic Overview:** - **Business Model:** Community banking with a focus on retail and commercial banking services. - **Market Position:** Northern Vermont and New Hampshire. - **Growth Strategy:** Internal growth and potential acquisitions. - **Risk Management:** Conservative loan policies and diversification of loan portfolio. **Future Outlook:** - **Economic Conditions:** Monitoring local and national economic trends. - **Regulatory Environment:** Compliance with federal and state regulations. - **Technological Advancements:** Investment in technology for operational efficiency and customer service. **Risk Factors:** - **Credit Risk:** Exposure to real estate and economic factors in Vermont and New Hampshire. - **Interest Rate Risk:** Sensitivity to changes in interest rates. - **Liquidity Risk:** Dependence on deposits and wholesale funding. - **Operational Risk:** Cybersecurity threats and technological failures. - **Regulatory Risk:** Compliance with changing laws and regulations. **Financial Condition:** - **Capital Adequacy:** Maintaining regulatory capital ratios. - **Liquidity:** Managing cash flow and funding needs. - **Asset Quality:** Monitoring loan portfolio and investment securities. **Market Position Changes:** - **Competitive Landscape:** Facing competition from local and national banks. - **Customer Base:** Attracting and retaining customers through personal service and community involvement. **Amendments (if applicable):** - **Changes:** None specified in the provided text. - **Reasons:** Not applicable. - **Impact:** Not applicable.