Wed Apr 17 2013
Union Bankshares, Inc (NASDAQ - UNB) today announced Net Income for the first quarter 2013 of $1.7 million, or $0.39 per share, compared to $1.2 million, or $0.28 per share, for 2012. The $510,000, or 41.6% increase in net income year over year is attributable to an increase in noninterest income of $253,000, or 13.3%, a decrease in provision for loan loss of $120,000, or 66.7%, and a decrease in noninterest expenses of $362,000, or 6.5%.