On January 17, 2018, the Board of Directors of Union Bankshares, Inc. declared a regular quarterly cash dividend of $0.30 per share payable February 8, 2018 to shareholders of record as of January 27, 2018.

For the quarter, the company reported net income $1.9 million, or $0.43 per share, compared to $2.3 million, or $0.53 per share, for the same period a year ago. Net income before taxes increased $399,000 or 14.3% to $3.2 million. Net interest income increased $709,000 or 11.2% to $7.1 million. The improvement in net income before tax quarter over quarter is attributable to the increase in net interest
income as noted above partially offset by a decrease in noninterest income of $230,000 and increases in the provision for loan losses of $50,000 and in noninterest expenses of $30,000.

For the year, the company reported net income $8.4 million, or $1.89 per share, compared to $8.5 million, or $1.91 per share, for the same period a year ago. Net income before taxes increased $943,000, or 8.5%, to $12.1 million. Net interest income increased $2.0 million, or 8.0% to $26.8 million. Return on average common equity of 14.53% and return on average assets of 1.21%. Book value per common share increased 4.4% to $13.17 as of December 31, 2017.