Core Viewpoint - Union Bankshares, Inc. reported its financial results for the year and quarter ending December 31, 2025, showing a net income increase for the year but a slight decrease for the quarter compared to the previous year [1][7]. Financial Performance - Consolidated net income for Q4 2025 was $2.7 million, or $0.60 per share, down from $3.0 million, or $0.67 per share in Q4 2024 [1][6]. - For the full year 2025, consolidated net income was $11.1 million, or $2.43 per share, an increase of $2.3 million, or 26.5%, from $8.8 million, or $1.94 per share in 2024 [1][7]. Balance Sheet Highlights - Total assets grew to $1.62 billion as of December 31, 2025, up from $1.52 billion a year earlier, representing a growth of $88.8 million, or 5.8% [2]. - Investment securities increased to $328.3 million, a rise of $76.0 million, or 30.1%, due to strategic pre-investment decisions [2]. - Total loans increased modestly by $17.9 million, or 1.5%, with outstanding balances of $1.2 billion as of December 31, 2025 [2]. Credit Quality - The allowance for credit losses on loans rose by 9.5% to $8.4 million as of December 31, 2025, compared to $7.7 million a year prior, indicating a proactive approach to credit risk management [3]. Deposits and Borrowings - Total deposits reached $1.21 billion as of December 31, 2025, up from $1.17 billion in 2024, including $10.2 million in purchased brokered deposits [4]. - Borrowed funds from Federal Home Loan Bank advances increased to $286.5 million from $259.7 million year-over-year [4]. Stockholder Equity - Book value per share increased by 19.7% to $17.53 as of December 31, 2025, compared to $14.65 in 2024, supported by sales of common stock and a reduction in accumulated other comprehensive loss [5]. Income Statement Details - Interest income for the year was $75.8 million, an increase of $7.8 million, or 11.5%, attributed to a larger earning asset base and higher interest rates [8]. - Interest expense rose by $3.2 million, or 10.7%, to $32.8 million, primarily due to increased customer deposits and borrowed funds [9]. - Noninterest income was $11.5 million for 2025, compared to $11.0 million in 2024, with net gains from mortgage sales increasing to $2.1 million [11]. Expense Management - Noninterest expenses increased by $3.7 million, or 9.7%, to $41.7 million, driven by higher salaries, employee benefits, and other operational costs [12]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.36 per share for the quarter, payable on February 5, 2026, to shareholders of record as of January 31, 2026 [13].