Union Bankshares Inc (UNB) - Net Assets
Based on the latest financial reports, Union Bankshares Inc (UNB) has net assets worth $77.68 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.57 Billion) and total liabilities ($1.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Union Bankshares Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $77.68 Million |
| % of Total Assets | 4.94% |
| Annual Growth Rate | 2.88% |
| 5-Year Change | -17.79% |
| 10-Year Change | 24.1% |
| Growth Volatility | 9.4 |
Union Bankshares Inc - Net Assets Trend (1998–2024)
This chart illustrates how Union Bankshares Inc's net assets have evolved over time, based on quarterly financial data. Also explore UNB total asset value for the complete picture of this company's asset base.
Annual Net Assets for Union Bankshares Inc (1998–2024)
The table below shows the annual net assets of Union Bankshares Inc from 1998 to 2024. For live valuation and market cap data, see UNB market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $66.48 Million | +1.02% |
| 2023-12-31 | $65.81 Million | +19.17% |
| 2022-12-31 | $55.22 Million | -34.53% |
| 2021-12-31 | $84.34 Million | +4.30% |
| 2020-12-31 | $80.87 Million | +12.56% |
| 2019-12-31 | $71.84 Million | +11.40% |
| 2018-12-31 | $64.49 Million | +9.64% |
| 2017-12-31 | $58.82 Million | +4.85% |
| 2016-12-31 | $56.10 Million | +4.73% |
| 2015-12-31 | $53.57 Million | +3.05% |
| 2014-12-31 | $51.98 Million | +11.06% |
| 2013-12-31 | $46.80 Million | +3.90% |
| 2012-12-31 | $45.05 Million | +11.67% |
| 2011-12-31 | $40.34 Million | -5.78% |
| 2010-12-31 | $42.81 Million | +3.97% |
| 2009-12-31 | $41.18 Million | +5.18% |
| 2008-12-31 | $39.15 Million | -6.95% |
| 2007-12-31 | $42.07 Million | +0.36% |
| 2006-12-31 | $41.92 Million | +0.77% |
| 2005-12-31 | $41.60 Million | -1.89% |
| 2004-12-31 | $42.40 Million | +3.46% |
| 2003-12-31 | $40.99 Million | +4.64% |
| 2002-12-31 | $39.17 Million | +5.25% |
| 2001-12-31 | $37.22 Million | +5.85% |
| 2000-12-31 | $35.16 Million | +9.12% |
| 1999-12-31 | $32.22 Million | +1.44% |
| 1998-12-31 | $31.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Bankshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 252.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $91.72 Million | 137.97% |
| Common Stock | $10.02 Million | 15.08% |
| Other Comprehensive Income | $-34.00 Million | -51.14% |
| Total Equity | $66.48 Million | 100.00% |
Union Bankshares Inc Competitors by Market Cap
The table below lists competitors of Union Bankshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NeoPharm CO. LTD
KQ:092730
|
$110.44 Million |
|
LUOYANG GLASS CO. H YC 1
F:LUG
|
$110.48 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$110.49 Million |
|
WW Holding Inc
TW:8442
|
$110.54 Million |
|
Affluent Medical SAS
PA:AFME
|
$110.43 Million |
|
Nova Klúbburinn hf.
IC:NOVA
|
$110.40 Million |
|
SAMYOUNG M-Tek Co. Ltd
KQ:054540
|
$110.40 Million |
|
Nerdy Inc
NYSE:NRDY
|
$110.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Bankshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 65,807,000 to 66,480,000, a change of 673,000 (1.0%).
- Net income of 8,761,000 contributed positively to equity growth.
- Dividend payments of 6,444,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,042,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.76 Million | +13.18% |
| Dividends Paid | $6.44 Million | -9.69% |
| Other Comprehensive Income | $-2.04 Million | -3.07% |
| Other Changes | $398.00K | +0.6% |
| Total Change | $- | 1.02% |
Book Value vs Market Value Analysis
This analysis compares Union Bankshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.56x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $7.03 | $25.03 | x |
| 1999-12-31 | $7.12 | $25.03 | x |
| 2000-12-31 | $7.72 | $25.03 | x |
| 2001-12-31 | $8.16 | $25.03 | x |
| 2002-12-31 | $8.62 | $25.03 | x |
| 2003-12-31 | $8.98 | $25.03 | x |
| 2004-12-31 | $9.30 | $25.03 | x |
| 2005-12-31 | $9.14 | $25.03 | x |
| 2006-12-31 | $9.25 | $25.03 | x |
| 2007-12-31 | $9.31 | $25.03 | x |
| 2008-12-31 | $8.72 | $25.03 | x |
| 2009-12-31 | $9.22 | $25.03 | x |
| 2010-12-31 | $9.36 | $25.03 | x |
| 2011-12-31 | $9.05 | $25.03 | x |
| 2012-12-31 | $10.14 | $25.03 | x |
| 2013-12-31 | $11.17 | $25.03 | x |
| 2014-12-31 | $11.56 | $25.03 | x |
| 2015-12-31 | $12.04 | $25.03 | x |
| 2016-12-31 | $12.59 | $25.03 | x |
| 2017-12-31 | $13.16 | $25.03 | x |
| 2018-12-31 | $14.41 | $25.03 | x |
| 2019-12-31 | $16.03 | $25.03 | x |
| 2020-12-31 | $18.00 | $25.03 | x |
| 2021-12-31 | $18.71 | $25.03 | x |
| 2022-12-31 | $12.23 | $25.03 | x |
| 2023-12-31 | $14.50 | $25.03 | x |
| 2024-12-31 | $14.60 | $25.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Bankshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.24%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 22.99x
- Recent ROE (13.18%) is below the historical average (14.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 14.33% | 36.23% | 0.04x | 9.13x | $1.38 Million |
| 1999 | 12.65% | 33.82% | 0.04x | 9.17x | $853.47K |
| 2000 | 13.65% | 17.98% | 0.09x | 8.63x | $1.28 Million |
| 2001 | 12.98% | 17.77% | 0.08x | 9.07x | $1.11 Million |
| 2002 | 13.23% | 20.14% | 0.07x | 8.77x | $1.26 Million |
| 2003 | 13.14% | 22.47% | 0.07x | 8.70x | $1.29 Million |
| 2004 | 13.76% | 24.36% | 0.07x | 8.48x | $1.59 Million |
| 2005 | 14.99% | 23.71% | 0.07x | 9.01x | $2.08 Million |
| 2006 | 14.92% | 21.38% | 0.08x | 9.09x | $2.06 Million |
| 2007 | 13.44% | 18.66% | 0.08x | 9.35x | $1.45 Million |
| 2008 | 13.04% | 18.18% | 0.06x | 11.24x | $1.19 Million |
| 2009 | 12.69% | 15.55% | 0.08x | 10.87x | $1.11 Million |
| 2010 | 13.39% | 19.60% | 0.06x | 10.88x | $1.41 Million |
| 2011 | 12.94% | 17.70% | 0.05x | 13.70x | $1.19 Million |
| 2012 | 15.19% | 19.49% | 0.06x | 12.81x | $2.34 Million |
| 2013 | 14.32% | 22.02% | 0.06x | 11.74x | $2.15 Million |
| 2014 | 14.96% | 23.34% | 0.05x | 12.13x | $2.55 Million |
| 2015 | 14.71% | 22.87% | 0.05x | 11.74x | $2.52 Million |
| 2016 | 15.17% | 23.37% | 0.05x | 12.32x | $2.90 Million |
| 2017 | 14.36% | 22.00% | 0.05x | 12.68x | $2.57 Million |
| 2018 | 10.97% | 16.98% | 0.05x | 12.49x | $622.90K |
| 2019 | 14.82% | 22.99% | 0.05x | 12.15x | $3.46 Million |
| 2020 | 15.83% | 24.27% | 0.05x | 13.52x | $4.72 Million |
| 2021 | 15.62% | 25.21% | 0.04x | 14.29x | $4.74 Million |
| 2022 | 22.84% | 23.77% | 0.04x | 24.20x | $7.09 Million |
| 2023 | 17.11% | 16.73% | 0.05x | 22.36x | $4.68 Million |
| 2024 | 13.18% | 11.24% | 0.05x | 22.99x | $2.11 Million |
Industry Comparison
This section compares Union Bankshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Bankshares Inc (UNB) | $77.68 Million | 14.33% | 19.26x | $110.44 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Union Bankshares Inc
Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States. The company offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. It also provides commercial real estate loans; … Read more