In addition to the definitions set forth elsewhere in this report, the acronyms, abbreviations and capitalized terms identified below are used throughout this Form 10-Q, including Part I. "Financial Information" and Part II. "Other Information". The following is provided to aid the reader and provide a reference page when reviewing this Form 10-Q. | | | | | | | | | | | | | ACL: | Allowance for credit losses | FHLMC/Freddie Mac: | Federal Home Loan Mortgage Corporation | | AFS: | Available-for-sale | GAAP: | Generally accepted accounting principles in the United States | | ASC: | Accounting Standards Codification | HTM: | Held-to-maturity | | ASU: | Accounting Standards Update | ICS: | Insured Cash Sweeps of the IntraFi Network | | Board: | Board of Directors | MBS: | Mortgage-backed security | | bp or bps: | Basis point(s) | MSRs: | Mortgage servicing rights | | CDARS: | Certificate of Deposit Accounts Registry Service of the IntraFi Network | OAO: | Other assets owned | | CECL: | Current expected credit loss | OCI: | Other comprehensive income | | Company: | Union Bankshares, Inc. and Subsidiary | OREO: | Other real estate owned | DCF: | Discounted cash flow | RSU: | Restricted stock unit | | DRIP: | Dividend Reinvestment and Stock Purchase Plan | SBA: | U.S. Small Business Administration | | EPS: | Earnings per share | SEC: | U.S. Securities and Exchange Commission | | FASB: | Financial Accounting Standards Board | Union: | Union Bank, the sole subsidiary of Union Bankshares, Inc | | FDIC: | Federal Deposit Insurance Corporation | USDA: | U.S. Department of Agriculture | | FDICIA: | The Federal Deposit Insurance Corporation Improvement Act of 1991 | 2014 Equity Plan: | 2014 Equity Incentive Plan, as amended | | FHLB: | Federal Home Loan Bank of Boston | 2024 Equity Plan: | 2024 Equity Incentive Plan | FRB: | Federal Reserve Bank of Boston | 2025 Annual Report: | Annual Report on Form 10-K for the year ended December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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