Union Bankshares Announces Fourth Quarter EPS of $.31

Union Bankshares, Inc. UNB today announced Net Income for the fourth quarter 2010 of $1.38 million or $0.31 per share compared to $1.28 million or $0.29 per share for 2009. Net Income for the year ended December 31, 2010 was $5.59 million or $1.25 per share compared to $5.23 million or $1.17 per share for the same period in 2009. Results for 2010 reflect a year-to-year increase in net interest income of $868 thousand or 4.84% and in net income of $360 thousand or 6.9%.