Annual Meeting

Thursday

June

7

th

,

2007

Exhibit 99.2

Loan Mix –

2006 Peer Comparison

Select

Local

Competitors

Union Bankshares

Company

Consumer &

Other

3%

Commercial

8%

Commercial

R/E

21%

Consumer -

Home Equity

5%

Residential

R/E

63%

Consumer &

Other

3%

Commercial

19%

Commercial

R/E

34%

Consumer -

Home Equity

8%

Residential

R/E

36%

Chart 1

Peer

Group

consists

of

Bar

Harbor

Bankshares,

Camden

National

Corporation,

First

National

Lincoln

Corporation,

Machias

Bancorp,

Merrill

Merchants

Bancshares,

Inc.

and

Damariscotta

Bank

&

Trust

Company.

Source Data: BancIntelligence

Inc.

Loan Yield

$222

$251

$295

$339

$370

$374

6.53%

7.18%

6.14%

5.63%

5.81%

6.32%

-

100

200

300

400

500

2002

2003

2004

2005

2006

1Q 2007

3.00%

5.00%

7.00%

9.00%

11.00%

Average Loans

Loan Yield

Chart 2

Composition of Non-interest Income

Other Income

8%

Loan Fees

13%

Bankcard Fees

6%

Financial

Services Fees

and

Commissions

41%

Service Charges

and Fees on

Deposit

Accounts

32%

12/31/2002

12/31/2006

Chart 3

Peer group consists of ME institutions with assets of $250 million or more

Source Data: BancIntelligence

Inc.

Non-interest Income / Operating Revenue

29%

27%

26%

30%

29%

23%

22%

23%

25%

24%

20%

25%

30%

35%

2002

2003

2004

2005

2006

UNBH

Peer Group

Other Income

15%

Loan Fees

23%

Bankcard Fees

15%

Financial

Services Fees

and

Commissions

26%

Service Charges

and Fees on

Deposit

Accounts

21%

Non-interest Expense to Average Earning Assets

2.9%

3.0%

3.0%

3.1%

3.2%

3.0%

3.1%

3.3%

3.7%

3.9%

2.0%

3.0%

4.0%

5.0%

2002

2003

2004

2005

2006

Peer Group

UNBH

Chart 4

Peer group consists of ME institutions with assets of $250 million or more

Source Data: BancIntelligence

Inc.

Efficiency Ratio Comparison

Chart 5

-5.0%

0.0%

5.0%

10.0%

50.00%

55.00%

60.00%

65.00%

70.00%

75.00%

Revenue % Change

6.3%

0.9%

-3.9%

Expense % Change

5.4%

4.6%

2.8%

Efficiency Ratio

65.89%

68.30%

73.03%

2004

2005

2006

First Quarter Results

2.0%

4,045

3,964

Non-interest Expenses

5.3%

3.03%

2.87%

NIE to Average Assets

9.7%

0.62%

0.68%

Return on Average Assets

10.0%

8.18%

9.00%

Return on Average Equity

15.8%

0.76

0.88

Earnings Per Share

11.7%

834

932

Net Income

10.2%

317,202

349,553

Deposits

3.3%

363,595

375,609

Loans

Change

2006

2007

(in thousands, except per share

amounts)

Chart 6

Relative

Performance

–

4/6/05

to

12/27/06

0.60

0.70

0.80

0.90

1.00

1.10

1.20

1.30

Apr-

05

Jun-

05

Jul-

05

Sep-

05

Nov-

05

Jan-

06

Mar-

06

May-

06

Jun-

06

Aug-

06

Oct-

06

Dec-

06

NASDAQ Bank Index

S&P Bank Index

S&P 500 Index

UNBH

Chart 7

Source Data: Ryan Beck & Co. Research, SNL Financial

0.85

1.05

1.25

1.45

1.65

1.85

Dec-

03

Mar-

04

Jun-

04

Sep-

04

Dec-

04

Feb-

05

May-

05

Aug-

05

Nov-

05

Jan-

06

Apr-

06

Jul-

06

Oct-

06

Dec-

06

NASDAQ Bank Index

S&P Bank Index

S&P 500 Index

UNBH

Relative

Performance

–

3

Years

Chart 8

Source Data: Ryan Beck & Co. Research, SNL Financial

Relative

Performance

–

5

Years

0.50

1.00

1.50

2.00

2.50

3.00

Dec-

01

Apr-

02

Aug-

02

Dec-

02

Apr-

03

Aug-

03

Dec-

03

Apr-

04

Aug-

04

Dec-

04

Apr-

05

Aug-

05

Dec-

05

Apr-

06

Aug-

06

Dec-

06

NASDAQ Bank Index

New England Banks

S&P 500 Index

UNBH

Chart 9

Source Data: Ryan Beck & Co. Research, SNL Financial

Stock Performance –

Peer Comparison

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

1/18/07

2/18/07

3/18/07

4/18/07

5/18/07

UNBH

CAC

FNLC

BHB

Chart 10

Source Data: Yahoo! Finance

Forward Looking Statements

This

release

contains

“forward-looking

statements”

which

may

be

identified

by

the

use

of

such

words

as

“believe,”

“expect,”

“anticipate,”

“should,”

“planned,”

“estimated”

and

“potential.”

Examples

of

forward-looking

statements

include,

but

are

not

limited

to,

estimates

with

respect

to

our

financial

condition, results of operations and business that are subject to various factors which could cause

actual

results

to

differ

materially

from

these

estimates.

These

factors

include,

but

are

not

limited

to:

The strength of the United States economy in general and the strength of the local

economies in which we operate;

Changes in deposit flows, demand for mortgages and other loans, real estate values, and

competition;

Changes in trade, monetary and fiscal policies and laws including interest rate policies of

the Federal Reserve Board;

Changes in accounting principles, policies, or guidelines; and

Other economic, competitive, governmental, regulatory, and technological factors

affecting

our

operations,

pricing,

products

and

services.

Any or all of our forward-looking statements in this report and in any other public statements we make

may

turn out to be wrong.  They can be affected by inaccurate assumptions we might make or by

known or unknown risks and uncertainties.  Consequently, no forward-looking statement can be

guaranteed.  The Company disclaims any obligation to subsequently revise any forward-looking

statements

to

reflect

events

or

circumstances

after

the

date

of

such

statements

or

to

reflect

the

occurrence of anticipated or unanticipated events or circumstances.

Annual Meeting

Thursday

June

7

th

,

2007