Exhibit 99.1

August 7, 2025

We are pleased to share our financial results for the second quarter ended June 30, 2025. Despite an uncertain economic landscape, the Company delivered another quarter of solid growth and continued a trend of slow but steady improvement in asset yields and net interest margins.

Total assets reached $1.48 billion as of June 30, 2025, marking an increase of $81.9 million, or 5.9%, compared to $1.40 billion one year ago. This growth was primarily driven by loan portfolio expansion, with total loans increasing by $99.8 million, or 9.8%, to $1.11 billion. Loans held for sale also increased to $9.0 million, up from $6.2 million at the end of the second quarter of the prior year. Asset quality remains sound, underpinned by minimal past due loans and net recoveries of $6 thousand year to date.

Qualifying residential loan sales to the secondary market also saw significant activity, with $31.0 million sold during the quarter and $56.8 million year-to-date, compared to $19.3 million and $41.0 million, respectively, in 2024.

On the funding side, deposits grew to $1.10 billion, an increase from $1.05 billion as of June 30, 2024. In addition to customer deposits, wholesale funding is also used to fund balance sheet growth. These funding sources consisted of brokered deposits, Federal Home Loan Bank advances, and in 2024 advances from the Federal Reserve’s Bank Term Funding Program. Total outstanding in wholesale funds from these sources was $336.0 million as of June 30, 2025 and $312.1 million as of June 30, 2024.

Our equity capital improved to $71.3 million, with the book value per share rising to $15.66 from $14.16 a year earlier. Accumulated other comprehensive loss, primarily tied to fair value adjustments in the investment securities portfolio, improved to $31.2 million, down from $35.2 million in the prior year.

Consolidated net income for the second quarter of 2025 was $2.4 million, compared to $2.0 million in the same period in 2024, an increase of 18.6%. Interest income climbed by $2.2 million (13.1%),

reaching $18.7 million, while interest expense increased by $1.2 million (17.1%) to $8.3 million. Consequently, net interest income rose by $962 thousand (10.1%). Credit loss expense declined to $221 thousand, reflecting prudent credit management in a growing loan portfolio. Noninterest income was steady at $2.8 million. Noninterest expenses rose by 7.2% to $10.5 million, mainly due to higher salaries, benefits, and modest increases in occupancy and equipment expenses. Income tax expense for the quarter was $102 thousand.

The region we serve historically has had strong trade, tourism, cultural and familial ties with our neighbors to the north, Quebec. Over the years we have observed diminishing southbound tourism from Canadians, driven by weakness in the Canadian currency. We expect this trend to worsen significantly in the current political environment. Canadian tourism as a percentage of overall tourism revenue has declined substantially over the past couple of decades in our region, so we do not expect the decline in Canadian tourism to impact local tourism revenues substantially. We are, however, monitoring this business segment closely.

In recognition of our sustained performance and commitment to our shareholders, the Board of Directors has declared a dividend of .36 cents per share for owners of record July 26,2025, and payable August 7, 2025.

Please find your dividend check or advice of remittance enclosed. Please contact Kristy Adams Alfieri at 802-888-0982 to receive your dividend using a direct deposit.

Thank you for your continued trust and support.

Sincerely,

If you need assistance with a change in registration of certificates, combining your certificates into one, reporting lost certificates, non-receipt or loss of dividend checks, assistance regarding direct deposit of dividends, information about the Company, or to receive copies of financial reports, please contact Kristy Adams Alfieri, Assistant Secretary at 802.888.0982 or contact our Transfer Agent at the address and phone number listed below:

TRANSFER AGENT:

Broadridge Corporate Issuer Solutions, Inc.
P.O. Box 1342
Brentwood, NY 11717
866.321.8022 or
720.378.5956
E-mail: shareholder@broadridge.com

NASDAQ STOCK MARKET

Ticker Symbol: UNB
Corporate Name: Union Bankshares, Inc.
Corporate Address:
20 Lower Main Street
P.O. Box 667
Morrisville, VT 05661-0667
Investor Relations: UBLocal.com

Neil J. Van Dyke

Chair

David S. Silverman

President & Chief Executive Officer

About Union Bankshares

Union Bankshares, Inc. operates as the holding company for Union Bank, which provides commercial, retail and municipal banking services and asset management services throughout northern Vermont and New Hampshire. Union Bank was founded in 1891 in Morrisville, Vermont, where the Bank’s and its holding company’s headquarters are located. Union Bank operates 18 banking offices, 3 loan centers and several ATMs throughout its geographical footprint.

Union Bank has been helping people buy homes and local businesses create jobs in area communities since opening its doors over 130 years ago. Union Bank has earned an exceptional reputation for residential lending programs and has been recognized by the US Department of Agriculture, Rural Development for the positive impact made in the lives of first time home buyers. Union Bank is consistently one of the top Vermont Housing Finance Agency mortgage originators. Additionally, Union Bank has also been designated as an SBA Preferred lender for its participation in small business lending. Union Bank has received an "Outstanding" rating for its compliance with the Community Reinvestment Act (CRA). An institution in this group has an excellent record of helping to meet the credit needs of its assessment area, particularly in low-and moderate income neighborhoods, in a manner consistent with its resources and capabilities.



Consolidated Balance Sheets (unaudited, in thousands)							Consolidated Statements of Income (unaudited, in thousands)												Union Bankshares, Inc.

																			DIRECTORS		OFFICERS
																			Neil J. Van Dyke - Chair		Neil J. Van Dyke - Chair
ASSETS	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024			Timothy W. Sargent - Vice Chair		David S. Silverman - President & CEO

																			Joel S. Bourassa		Karyn J. Hale - Chief Financial Officer
								(3 months ended)						(6 months ended)
																			Dawn D. Bugbee		Timothy W. Sargent - Secretary
Cash and Due from Banks		$	4,731		$	4,490	Interest Income	$	18,721		$	16,552		$	37,016		$	32,173
																			Mary K. Parent		Kristy Adams Alfieri - Assistant Secretary

							Interest Expense	8,275			7,068			16,300			13,681		Nancy C. Putnam
Federal Funds Sold & Overnight Deposits		24,536			26,017														Gregory D. Sargent
							Net Interest Income	10,446			9,484			20,716			18,492		David S. Silverman
Interest Bearing Deposits in Banks		6,963			13,943														Janet P. Spitler
							Credit Loss Expense (Benefit)	221			388			456			158
Investment Securities		242,423			254,177		Net Interest Income After Credit Loss Expense (Benefit)	10,225			9,096			20,260			18,334		Union Bank		REGIONAL ADVISORY BOARD MEMBERS
Loans Held for Sale		8,992			6,224
																			DIRECTORS
Loans, net		1,104,922			1,007,920		Wealth Management Income	295			273			571			528		Neil J. Van Dyke - Chair		Michael R. Barrett - St. Johnsbury
																			Timothy W. Sargent - Vice Chair		Steven J. Bourgeois - St. Albans
Allowance for Credit Losses		(8,307)			(6,893)		Noninterest Income	2,464			2,492			4,628			4,804		Joel S. Bourassa		Andrew A. Dean - Northern NH
																			Dawn D. Bugbee		Stanley T. Fillion - Northern NH
Premises and Equipment, net		20,251			20,646		Noninterest Expenses:												Mary K. Parent		Rosemary H. Gingue - St. Johnsbury
																			Nancy C. Putnam		John M. Goodrich - Northern NH
Accrued Interest & Other Assets		75,853			71,922		Salaries & Wages	4,085			3,774			7,996			7,327		Gregory D. Sargent		Christopher M. Knapp - Northern NH
																			David S. Silverman		Coleen K. Kohaut - St. Albans
Total Assets		$	1,480,364		$	1,398,446	Employee Benefits	1,971			1,631			3,552			3,120		Janet P. Spitler		Justin P. Lavely - St. Johnsbury
																					Daniel J. Luneau - St. Albans
							Occupancy Expense, net	547			544			1,199			1,113				Samuel H. Ruggiano - St. Albans
																					Christine A. Sheley - Northern NH
LIABILITIES & SHAREHOLDERS' EQUITY	June 30, 2025			June 30, 2024			Equipment Expense	1,100			1,017			2,149			1,960				David S. Silverman - All
																			Union Bank Offices (ATMs at all Branch Locations)
							Other Expenses	2,784			2,815			5,415			5,484
Noninterest Bearing Deposits		$	217,317		$	222,928
							Total	10,487			9,781			20,311			19,004		VERMONT
Interest Bearing Deposits		578,411			558,658		Income Before Taxes	2,497			2,080			5,148			4,662
																			Berlin	1028 US Route 302		802.476.0061
Time Deposits		307,618			271,722		Income Tax Expense	102			61			252			226		Fairfax	Jct. Routes 104 & 128		802.849.2600
																			Hardwick	103 VT Route 15 West		802.472.8100
Borrowed Funds		270,674			247,096		Net income	$	2,395		$	2,019		$	4,896		$	4,436	Jeffersonville	5062 VT Route 15		802.644.6600
																			Jericho	368 VT Route 15		802.899.7500
Subordinated Notes		16,290			16,256		Earnings Per Share	$	0.53		$	0.45		$	1.08		$	0.98	Lyndonville	183 Depot Street		802.626.3100
																			Morrisville	20 Lower Main Street		802.888.6600
Accrued Interest & Other Liabilities		18,796			17,740		Book Value Per Share							$	15.66		$	14.16		65 Northgate Plaza		802.888.6860
																			Shelburne	5068 Shelburne Road		802.985.0227
Common Stock		10,049			9,999														St. Albans	15 Mapleville Depot		802.524.9000
																			St. Johnsbury	Operations and Loan Center
Additional Paid-in Capital		3,380			2,928															364 Railroad Street		802.748.3131
Retained Earnings																				Branch
		93,350			90,654															325 Portland Street		802.748.3121
Accumulated Other Comprehensive Loss		(31,231)			(35,223)														Stowe	47 Park Street		802.253.6600
																			Williston	Branch
																				31 Market St		802.878.7900
Treasury Stock at Cost		(4,290)			(4,312)															Loan Center
																				31 Market St		802.865.1000
Total Liabilities & Shareholders' Equity		$	1,480,364		$	1,398,446
Standby letters of credit were $1,632,000 and $1,629,000 at June 30, 2025 and 2024, respectively.																			NEW HAMPSHIRE
																			Groveton	3 State Street		603.636.1611
																			Littleton	263 Dells Road		603.444.7136
																				76 Main Street		603.444.5321
																			Lincoln	135 Main Street		603.745.4000
																			North Conway	120 North-South Road		603.356.4010

UNION BANKSHARES INC 8-K