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Condensed Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Condensed Financial Information (Parent Company Only)
The following condensed financial statements are for Union Bankshares, Inc. (Parent Company Only), and should be read in conjunction with the consolidated financial statements of Union Bankshares, Inc. and Subsidiary.
UNION BANKSHARES, INC. (PARENT COMPANY ONLY)
CONDENSED BALANCE SHEETS
December 31, 2020 and 2019
 20202019
(Dollars in thousands)
ASSETS  
Cash$93 $46 
Other investments60 27 
Investment in subsidiary - Union80,257 71,500 
Other assets869 712 
Total assets$81,279 $72,285 
LIABILITIES AND STOCKHOLDERS' EQUITY  
LIABILITIES  
Other liabilities$412 $442 
Total liabilities412 442 
STOCKHOLDERS' EQUITY  
Common stock, $2.00 par value; 7,500,000 shares authorized; 4,954,732 shares
 issued at December 31, 2020 and 4,948,245 shares issued at December 31, 2019
9,910 9,897 
Additional paid-in capital1,393 1,124 
Retained earnings71,097 64,019 
Treasury stock at cost; 474,632 shares at December 31, 2020 and 476,268 shares
 at December 31, 2019
(4,169)(4,183)
Accumulated other comprehensive income 2,636 986 
Total stockholders' equity80,867 71,843 
Total liabilities and stockholders' equity$81,279 $72,285 
The investment in subsidiary is carried under the equity method of accounting. The investment in subsidiary and cash, which is on deposit with Union, have been eliminated in consolidation.

UNION BANKSHARES, INC. (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF INCOME
Years Ended December 31, 2020 and 2019
 20202019
Revenues(Dollars in thousands)
Dividends - bank subsidiary - Union$6,350 $5,925 
Other income28 24 
Total revenues6,378 5,949 
Expenses  
Interest18 16 
Administrative and other539 536 
        Total expenses557 552 
Income before applicable income tax benefit and equity in undistributed
  net income of subsidiary		5,821 5,397 
Applicable income tax benefit(113)(113)
Income before equity in undistributed net income of subsidiary5,934 5,510 
Equity in undistributed net income - Union6,871 5,138 
Net income$12,805 $10,648 
UNION BANKSHARES, INC. (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31, 2020 and 2019
 20202019
CASH FLOWS FROM OPERATING ACTIVITIES(Dollars in thousands)
Net income$12,805 $10,648 
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in undistributed net income of Union(6,871)(5,138)
(Increase) decrease in other assets(157)55 
Decrease in other liabilities(30)(137)
Net cash provided by operating activities5,747 5,428 
CASH FLOWS FROM INVESTING ACTIVITIES  
Proceeds from sale of other investments— 47 
Purchases of other investments(33)(7)
Net cash (used in) provided by investing activities(33)40 
CASH FLOWS FROM FINANCING ACTIVITIES  
Dividends paid(5,689)(5,501)
Issuance of common stock22 44 
Purchase of treasury stock— (13)
Net cash used in financing activities(5,667)(5,470)
Net decrease in cash47 (2)
Cash, beginning of year46 48 
Cash, end of year$93 $46 
Supplemental Disclosures of Cash Flow Information  
Interest paid$18 $16 
Dividends paid on Common Stock:
Dividends declared$5,727 $5,540 
Dividends reinvested(38)(39)
$5,689 $5,501