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Condensed Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information (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, 2023 and 2022
 20232022
(Dollars in thousands)
ASSETS  
Cash$4 $156 
Other investments98 75 
Investment in subsidiary - Union82,122 71,083 
Other assets519 644 
Total assets$82,743 $71,958 
LIABILITIES AND STOCKHOLDERS' EQUITY  
LIABILITIES  
Subordinated notes$16,239 $16,205 
Accrued interest and other liabilities697 533 
Total liabilities16,936 16,738 
STOCKHOLDERS' EQUITY  
Common stock, $2.00 par value; 7,500,000 shares authorized; 4,995,348 shares
 issued at December 31, 2023 and 4,982,523 shares issued at December 31, 2022
9,991 9,965 
Additional paid-in capital2,621 2,225 
Retained earnings89,472 84,669 
Treasury stock at cost; 476,500 shares at December 31, 2023 and 473,936 shares
 at December 31, 2022
(4,322)(4,220)
Accumulated other comprehensive loss (31,955)(37,419)
Total stockholders' equity65,807 55,220 
Total liabilities and stockholders' equity$82,743 $71,958 
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, 2023 and 2022
 20232022
Revenues(Dollars in thousands)
Dividends - bank subsidiary - Union$7,100 $6,850 
Other income17 20 
Total revenues7,117 6,870 
Expenses  
Interest on subordinated notes570 569 
Administrative and other558 544 
        Total expenses1,128 1,113 
Income before applicable income tax benefit and equity in undistributed
  net income of subsidiary		5,989 5,757 
Applicable income tax benefit(234)(233)
Income before equity in undistributed net income of subsidiary6,223 5,990 
Equity in undistributed net income - Union5,034 6,625 
Net income$11,257 $12,615 
UNION BANKSHARES, INC. (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31, 2023 and 2022
 20232022
CASH FLOWS FROM OPERATING ACTIVITIES(Dollars in thousands)
Net income$11,257 $12,615 
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in undistributed net income of Union(5,034)(6,625)
Net (gains) losses on other investments(11)10 
Amortization of debt issuance costs34 34 
Decrease in other assets125 193 
Increase (decrease) in other liabilities34 (86)
Net cash provided by operating activities6,405 6,141 
CASH FLOWS FROM INVESTING ACTIVITIES  
Purchases of other investments(12)(12)
Net cash used in investing activities(12)(12)
CASH FLOWS FROM FINANCING ACTIVITIES  
Dividends paid(6,415)(6,236)
Purchase of treasury stock(130)(79)
Net cash used in financing activities(6,545)(6,315)
Net decrease in cash(152)(186)
Cash, beginning of year156 342 
Cash, end of year$4 $156 
Supplemental Disclosures of Cash Flow Information  
Interest paid$569 $578 
Dividends paid on Common Stock:
Dividends declared$6,491 $6,296 
Dividends reinvested(76)(60)
$6,415 $6,236