Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Acronyms, Abbreviations and Capitalized Terms

The acronyms, abbreviations and capitalized terms identified below are used throughout this Annual Report on Form 10-K, including Parts I, II and III. The following is provided to aid the reader and provide a reference page when reviewing this Annual Report:

ACL:	Allowance for credit losses	FOMC:	Federal Open Market Committee
AFS:	Available-for-sale	GAAP:	Generally accepted accounting principles in the United States
ASC:	Accounting Standards Codification	GLBA:	Gramm-Leach-Bliley Financial Modernization Act of 1999
ASU:	Accounting Standards Update	HTM:	Held-to-maturity
BHCA:	Bank Holding Company Act of 1956, as amended	HUD:	U.S. Department of Housing and Urban Development
Board:	Board of Directors	ICS:	Insured Cash Sweeps of the IntraFi Network
bp or bps:	Basis point(s)	IRS:	Internal Revenue Service
Branch Acquisition:	The acquisition of three New Hampshire branches in May 2011	MBS:	Mortgage-backed security
BTFP:	Bank Term Funding Program	MPF:	Mortgage Partnership Finance Program
CDARS:	Certificate of Deposit Accounts Registry Service of the IntraFi Network	MSRs:	Mortgage servicing rights
CECL:	Current expected credit loss	NASDAQ:	NASDAQ Global Security Market
CFPB:	Consumer Financial Protection Bureau	OAO:	Other assets owned
COLI:	Company-owned life insurance	OCI:	Other comprehensive income (loss)
Company:	Union Bankshares, Inc. and Subsidiary	OFAC:	U.S. Office of Foreign Assets Control
DCF:	Discounted cash flow	OREO:	Other real estate owned
DFR:	Vermont Department of Financial Regulation	RD:	USDA Rural Development
DIF:	Federal Deposit Insurance Fund	RSU:	Restricted stock unit
Dodd-Frank Act:	The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010	SBA:	U.S. Small Business Administration
DRIP:	Dividend Reinvestment and Stock Purchase Plan	SEC:	U.S. Securities and Exchange Commission
EPS:	Earnings per share	SOX Act:	Sarbanes Oxley Act of 2002
FASB:	Financial Accounting Standards Board	Union:	Union Bank, the sole subsidiary of Union Bankshares, Inc
FDIC:	Federal Deposit Insurance Corporation	USDA:	U.S. Department of Agriculture
FDICIA:	The Federal Deposit Insurance Corporation Improvement Act of 1991	VA:	U.S. Veterans Administration
FHA:	U.S. Federal Housing Administration	2008 Plan:	2008 Amended and Restated Nonqualified Deferred Compensation Plan
FHLB:	Federal Home Loan Bank of Boston	2014 Equity Plan:	2014 Equity Incentive Plan, as amended
FRB:	Federal Reserve Board	2020 Plan:	2020 Amended and Restated Nonqualified Excess Plan
FHLMC/Freddie Mac:	Federal Home Loan Mortgage Corporation	2024 Equity Plan:	2024 Equity Incentive Plan