On January 21, 2015 the Board of Directors of Union Bankshares, Inc. declared a $0.01, or 3.8%, increase in the quarterly cash dividend from $0.26 to $0.27 per share for the fourth quarter ended December 31, 2014. The dividend is payable on February 9, 2015 to shareholders of record on January 31, 2015.

Union Bankshares Inc. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported net income of $7.7 million, 7.8% increase over net income for the year ended December 31, 2013 of $7.1 million. Earnings per share increased to $1.73 per share compared to $1.60 per share for 2013. Results for 2014 reflect a year to year increase in net interest income of $675,000, or 3.1% due to strong loan demand and price discipline.

For the fourth quarter, the company reported earnings of $1.9 million, or $0.43 per share, compared to $1.5 million, or $0.34 per share, for 2013. Net interest income improved $133,000. These positive changes were offset by an increase in the provision for income taxes $35 thousand, or 9.8%. Book value per share of $11.66 as of December 31, 2014 compared to a book value of $11.17 as of December 31, 2013.