Company Information

  

Address: P O BOX 667
20 MAIN STREET 
City: MORRISVILLE 
State: VT 
Zip Code: 05661-0667 
Telephone: 802-888-6600 

Description of Business

Primary SIC Code: 6022
(As filed with the SEC)  

Certain Definitions: Capitalized terms used in the following discussion and not otherwise defined below have the meanings assigned to them in Note 1 to the Company's audited consolidated financial statements contained in Part II, item 8, page 51 of this Annual Report. General: Union Bankshares, Inc. ("Company") is a one-bank holding company whose sole subsidiary is Union Bank ("Union"). It was incorporated in the State of Vermont in 1982. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "UNB". Union Bank was organized and chartered as a State bank in 1891 and became a wholly owned subsidiary of the Company in 1982 upon its formation. Both Union Bankshares, Inc. and Union Bank are headquartered in Morrisville, Vermont. The Company's business is that of a community bank in the financial services industry.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20171.950.29022.03
12/20161.910.29023.80
09/20161.790.28019.03
06/20161.760.28020.66
03/20161.740.28016.42
12/20151.770.27015.77
09/20151.760.27015.04
06/20151.780.27014.68

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity1.32Total Liab/Total Assets0.92
Net Inc/Total Assets0.01Total Liab/Inv Cap0.96
Net Inc/Inv Cap0.01Total Liab/Comm Equity98.13
Pretax Inc/Net Sales0.29Interest Coverage Ratio25.02
Net Inc/Net Sales0.23Curr Debt/Equity0.56
Cash Flow/Net Sales0.21LTD/EquityNA
SG&A/NetSales0.66Total Debt/Equity0.56
Asset Utilization   Liquidity  
Net Receivables Turnover18.08Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E2.73  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 9.43 9.07 9.47 9.59
Cost of Goods Sold 0.40 0.42 0.42 0.36
Selling & Admin Exps 5.87 5.94 6.30 6.42
Operating Income NA NA NA NA
Interest Exp 0.12 0.12 0.14 0.11
Pretax Income 3.05 2.59 2.61 2.70
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 2.23 1.93 2.35 2.27

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 89.77 102.11 115.33 106.00
Receivables - Total 2.03 2.04 2.26 1.96
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 13.23 13.27 13.53 13.38
Total Assets 664.92 676.45 691.38 672.58
Liabilities        
Accounts Payable 5.45 5.49 5.85 6.08
Debt in Current Liabilities 36.40 31.73 31.60 37.51
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 606.47 619.28 635.10 615.77
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 9.87 9.87 9.87 9.87
Retained Earnings 54.66 53.72 53.09 51.99
Treasury Stock -4.05 -4.03 -4.02 -4.02
Total Stockholders' Equity 58.46 57.17 56.28 56.81
Total Liabilities and Stockholders' Equity 664.92 676.45 691.38 672.58

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 0.60 7.86 3.85 0.90
Net Cash Provided by Investing Activities 2.95 -5.40 -18.46 -22.21
Net Cash Provided by Financing Activities -14.08 -16.76 18.31 32.68

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201235.556.841.54
12/201332.997.141.60
12/201433.767.691.73
12/201534.947.881.77
12/201636.988.511.91
Growth Rates0.995.605.53

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/174370415.79




Report Date : 10/16/2017

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