Union Bankshares, Inc. (UNB) Balance Sheet
UNB balance sheet, 2025
December 31, 2025 · U.S. dollars$1.62B assets = $1.54B liabilities + $80.9M equity
Both columns are drawn to the same scale: what UNB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UNB financial health
Descriptive bands, not a rating. Fiscal 2025.
UNB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $691.5M2016 | $1.62B2025 | +9.9%/yr | |
| Total liabilities | $635.4M2016 | $1.54B2025 | +10.3%/yr | |
| Shareholders’ equity | $56.1M2016 | $80.9M2025 | +4.1%/yr | |
| Cash & short-term investments | $79.3M2016 | $12.3M2025 | −18.7%/yr | |
| Total debt | $32.7M2016 | $302.8M2025 | +28.1%/yr | |
| Net cash (debt) | $46.6M2016 | −$290.5M2025 | −$337.1M | |
| Working capital | $99.3M2016 | −$214.6M2025 | −$314.0M | |
| Book value per share | $12.592016 | $17.682025 | +3.8%/yr | |
| Debt / equity | 0.582016 | 3.742025 | +3.16 | |
| Shares outstanding | 4.5M2016 | 4.6M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UNB assets
UNB liabilities and equity
UNB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UNB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $12.3M | $188.9M | $283.5M | $271.2M | $285.7M | $123.9M | $99.4M | $86.8M | $78.6M | $79.3M |
| Cash & equivalents | $4.7M | $14.6M | $19.1M | $20.9M | $17.9M | $18.1M | $12.0M | $13.3M | $13.2M | $13.8M |
| Short-term investments | $7.6M | $174.3M | $264.4M | $250.3M | $267.8M | $105.8M | $87.4M | $73.4M | $65.4M | $65.6M |
| Receivables | $0 | $0 | $0 | $57.7M | $42.4M | $36.8M | $33.6M | $2.8M | $27.2M | $26.1M |
| Inventory | $0 | $0 | $0 | $0 | −$82.4M | −$139.6M | −$60.4M | −$25.3M | −$50.4M | −$51.0M |
| Other current assets | $0 | $0 | $0 | $0 | $82.4M | $102.9M | $26.8M | $25.3M | $50.4M | $51.0M |
| Total current assets | $12.3M | $188.9M | $283.5M | $271.2M | $328.1M | $123.9M | $99.4M | $89.6M | $105.9M | $105.4M |
| Property, plant & equipment (net) | $19.8M | $20.2M | $23.2M | $20.5M | $21.6M | $20.0M | $20.9M | $16.1M | $14.3M | $13.5M |
| Goodwill & intangible assets | $0 | $1.7M | $1.27B | $2.0M | $2.5M | $4.4M | $4.4M | $2.6M | $2.8M | $3.0M |
| Long-term investments | $328.3M | $252.3M | $265.9M | $251.5M | $269.0M | $106.8M | $672.6M | $78.0M | $69.6M | $69.3M |
| Other non-current assets | $1.26B | $1.07B | $0 | $791.2M | $584.2M | $838.4M | $75.6M | $619.1M | $553.2M | $500.2M |
| Total assets | $1.62B | $1.53B | $1.47B | $1.34B | $1.21B | $1.09B | $872.9M | $805.3M | $745.7M | $691.5M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $13.1M | $9.8M | $11.2M | $9.9M | $6.3M | $7.8M | $6.1M |
| Short-term debt | — | $29.2M | $10.2M | $50.2M | $132,000 | $337,000 | $183,000 | $370,000 | $1.4M | $1.1M |
| Deferred revenue | — | — | — | −$37.1M | $9.6M | $11.4M | $9.7M | $5.9M | $6.4M | $5.0M |
| Total current liabilities | $226.9M | $1.17B | $1.31B | $13.1M | $9.8M | $1.01B | $753.9M | $713.0M | $7.8M | $6.1M |
| Long-term debt | $302.8M | $276.0M | $81.9M | $16.2M | $16.2M | $7.2M | $47.2M | $27.8M | $31.6M | $31.6M |
| Other long-term liabilities | $1.01B | $17.0M | $15.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1.54B | $1.46B | $1.41B | $1.28B | $1.12B | $1.01B | $801.1M | $740.8M | $686.9M | $635.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $10.2M | $10.0M | $10.0M | $10.0M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M |
| Retained earnings (deficit) | $96.2M | $91.7M | $89.5M | $84.7M | $78.3M | $71.1M | $64.0M | $58.9M | $56.4M | $53.1M |
| Treasury stock | — | — | — | — | −$4.2M | −$4.2M | −$4.2M | −$4.2M | −$4.1M | −$4.0M |
| Accumulated other comprehensive income | −$25.9M | −$34.0M | −$32.0M | −$37.4M | −$1.6M | $2.6M | $986,000 | −$1.0M | −$4.1M | −$3.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $80.9M | $66.5M | $65.8M | $55.2M | $84.3M | $80.9M | $71.8M | $64.5M | $58.8M | $56.1M |
| Key figures | ||||||||||
| Total debt | $302.8M | $276.0M | $81.9M | $66.4M | $16.3M | $7.2M | $47.2M | $27.8M | $32.9M | $32.7M |
| Net cash (debt) | −$290.5M | −$87.1M | $201.6M | $204.8M | $269.4M | $116.7M | $52.2M | $58.9M | $45.7M | $46.6M |
| Working capital | −$214.6M | −$980.0M | −$1.02B | $258.1M | $318.3M | −$881.6M | −$654.5M | −$623.5M | $98.1M | $99.3M |
| Tangible book value | $80.9M | $64.8M | −$1.21B | $53.2M | $81.8M | $76.4M | $67.4M | $61.9M | $56.0M | $53.1M |
| Book value per share | $17.68 | $14.60 | $14.50 | $12.23 | $18.71 | $18.00 | $16.03 | $14.41 | $13.16 | $12.59 |
| Shares outstanding | 4.6M | 4.6M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.5M |
| Current ratio | 0.05 | 0.16 | 0.22 | 20.77 | 33.59 | 0.12 | 0.13 | 0.13 | 13.62 | 17.25 |
| Quick ratio | 0.05 | 0.16 | 0.22 | 25.19 | 33.59 | 0.16 | 0.18 | 0.13 | 13.62 | 17.25 |
| Debt / equity | 3.74 | 4.15 | 1.25 | 1.20 | 0.19 | 0.09 | 0.66 | 0.43 | 0.56 | 0.58 |
| Equity / assets | 5.0% | 4.3% | 4.5% | 4.1% | 7.0% | 7.4% | 8.2% | 8.0% | 7.9% | 8.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.5M | $4.5M | $12.3M | $174.2M | $150.8M | $164.9M | $188.9M | $262.8M | $271.0M | $276.2M | $283.5M | $267.6M |
| Cash & equivalents | $6.5M | $4.5M | $4.7M | $13.4M | $11.7M | $12.7M | $14.6M | $17.9M | $18.4M | $18.6M | $19.1M | $18.6M |
| Short-term investments | $308.0M | $313.6M | $7.6M | $160.8M | $139.1M | $152.2M | $174.3M | $244.9M | $252.5M | $257.6M | $264.4M | $249.0M |
| Receivables | $5.7M | $7.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $66.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$40.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6.5M | $12.1M | $12.3M | $174.2M | $150.8M | $164.9M | $188.9M | $262.8M | $271.0M | $276.2M | $283.5M | $267.6M |
| Property, plant & equipment (net) | $20.1M | $19.6M | $19.8M | $20.0M | $20.3M | $20.0M | $20.2M | $20.5M | $20.6M | $20.7M | $20.8M | $20.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $1.7M | $0 | $0 | $0 | $1.27B | $0 |
| Long-term investments | $308.0M | $315.6M | $328.3M | $162.8M | $141.0M | $153.9M | $252.3M | $246.7M | $254.2M | $259.3M | $265.9M | $250.3M |
| Other non-current assets | $1.22B | $1.28B | $1.26B | $1.22B | $1.17B | $1.19B | $1.07B | $989.5M | $852.7M | $861.4M | $0 | $857.3M |
| Total assets | $1.56B | $1.63B | $1.62B | $1.57B | $1.48B | $1.52B | $1.53B | $1.52B | $1.40B | $1.42B | $1.47B | $1.40B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $17.2M |
| Short-term debt | $21.0M | $40.0M | — | — | $29.8M | — | $29.2M | $10.0M | $76.4M | $35.0M | $10.2M | $25.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | −$8.0M |
| Total current liabilities | $21.0M | $40.0M | $226.9M | $1.19B | $1.10B | $1.18B | $1.17B | $1.17B | $1.05B | $1.17B | $1.31B | $1.24B |
| Long-term debt | $353.4M | $327.3M | $302.8M | $287.1M | $287.0M | $257.0M | $276.0M | $257.0M | $263.4M | $166.9M | $81.9M | $106.9M |
| Other long-term liabilities | $1.09B | $1.18B | $1.01B | $19.5M | $18.8M | $16.4M | $17.0M | $17.0M | $17.7M | $15.2M | $15.5M | $0 |
| Total liabilities | $1.47B | $1.54B | $1.54B | $1.50B | $1.41B | $1.45B | $1.46B | $1.45B | $1.33B | $1.35B | $1.40B | $1.35B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10.8M | $10.2M | $10.2M | $10.1M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M |
| Retained earnings (deficit) | $98.9M | $97.6M | $96.2M | $95.1M | $93.3M | $92.6M | $91.7M | $90.3M | $90.7M | $90.3M | $89.5M | $88.0M |
| Accumulated other comprehensive income | −$27.0M | −$27.7M | −$25.9M | −$27.5M | −$31.2M | −$31.4M | −$34.0M | −$26.8M | −$35.2M | −$34.9M | −$32.0M | −$47.1M |
| Total shareholders' equity | $90.4M | $80.6M | $80.9M | $77.7M | $71.3M | $70.1M | $66.5M | $72.3M | $64.0M | $63.8M | $65.8M | $49.2M |
| Key figures | ||||||||||||
| Total debt | $353.4M | $327.3M | $302.8M | $287.1M | $287.0M | $257.0M | $276.0M | $257.0M | $263.4M | $166.9M | $81.9M | $106.9M |
| Net cash (debt) | −$346.9M | −$322.8M | −$290.5M | −$113.0M | −$136.1M | −$92.1M | −$87.1M | $5.9M | $7.6M | $109.3M | $201.6M | $160.7M |
| Working capital | −$14.5M | −$27.9M | −$214.6M | −$1.02B | −$952.5M | −$1.02B | −$980.0M | −$910.4M | −$782.4M | −$895.4M | −$1.02B | −$971.8M |
| Tangible book value | $90.4M | $80.6M | $80.9M | $77.7M | $71.3M | $70.1M | $64.8M | $72.3M | $64.0M | $63.8M | −$1.21B | $49.2M |
| Book value per share | $18.86 | $17.47 | $17.68 | $16.99 | $15.58 | $15.32 | $14.84 | $15.87 | $14.27 | $13.99 | $14.56 | $10.85 |
| Shares outstanding | 4.8M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M | 4.5M | 4.6M | 4.5M | 4.6M | 4.5M | 4.5M |
| Current ratio | 0.31 | 0.30 | 0.05 | 0.15 | 0.14 | 0.14 | 0.16 | 0.22 | 0.26 | 0.24 | 0.22 | 0.22 |
| Quick ratio | 0.58 | 0.30 | 0.05 | 0.15 | 0.14 | 0.14 | 0.16 | 0.22 | 0.26 | 0.24 | 0.22 | 0.27 |
| Debt / equity | 3.91 | 4.06 | 3.74 | 3.70 | 4.03 | 3.67 | 4.15 | 3.55 | 4.11 | 2.62 | 1.25 | 2.17 |
| Equity / assets | 5.8% | 5.0% | 5.0% | 4.9% | 4.8% | 4.6% | 4.3% | 4.8% | 4.6% | 4.5% | 4.5% | 3.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 20, 2026); data from EODHD.
UNB financial position
At the end of fiscal 2025 (December 31, 2025), Union Bankshares had total assets of $1.6 billion (up 5.8% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $80.9 million. It held $12.3 million in cash and short-term investments against $302.8 million of debt, net debt of $290.5 million. Its current ratio was 0.05. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $90.4 million.
Related: UNB income statement, UNB cash flow statement, UNB key metrics. See the UNB stock overview for the latest quote and news.
UNB balance sheet FAQ
What are Union Bankshares's total assets?
Union Bankshares reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Union Bankshares have?
Union Bankshares had $302.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 3.74.
How much cash does Union Bankshares have?
Union Bankshares held $12.3 million in cash and short-term investments at the end of fiscal 2025; with $302.8 million of debt that is net debt of $290.5 million.
What is Union Bankshares's book value?
Union Bankshares's shareholders' equity (book value) was $80.9 million at the end of fiscal 2025, or $17.68 per share.
What is Union Bankshares's current ratio?
Union Bankshares had current assets of $12.3 million and current liabilities of $226.9 million, a current ratio of 0.05 (current liabilities exceed current assets).