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Union Bankshares Announces Earnings for the three and six months ended June 30, 2024 and Declares Quarterly Dividend
UNBUnion Bankshares(UNB) GlobeNewswire News Room·2024-07-17 18:11

Total assets were 1.40billionasofJune30,2024comparedto1.40 billion as of June 30, 2024 compared to 1.33 billion as of June 30, 2023, an increase of 63.7million,or4.863.7 million, or 4.8%. Loan growth was the primary driver of the increase in total assets with total loans reaching 1.01 billion as of June 30, 2024 including 6.2millioninloansheldforsale,comparedto6.2 million in loans held for sale, compared to 940.2 million as of June 30, 2023, with 3.1millioninloansheldforsale.Assetqualityremainsstrongwithminimalpastdueloansandnetrecoveriesof3.1 million in loans held for sale. Asset quality remains strong with minimal past due loans and net recoveries of 10 thousand for the three and ...