HAWTHORN BANCSHARES, INC.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
HWBK$39.25-0.4%Stored close · as of Nov 10, 2026
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EX-13 · Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except per share data) | 2024 | 2023 |
| ASSETS | ||
| Cash and due from banks | $23,668 | $15,675 |
| Other interest-bearing deposits | 27,326 | 77,775 |
| Cash and cash equivalents | 50,994 | 93,450 |
| Certificates of deposit in other banks | 1,000 | — |
| Available-for-sale debt securities, at fair value | 218,652 | 188,742 |
| Other investments | 5,149 | 6,300 |
| Loans held for investment | 1,466,160 | 1,539,147 |
| Allowance for credit losses | (22,044) | (23,744) |
| Net loans | 1,444,116 | 1,515,403 |
| Loans held for sale | — | 3,884 |
| Premises and equipment - net | 31,166 | 32,047 |
| Other real estate owned - net | 1,446 | 1,744 |
| Cash surrender value bank-owned life insurance | 38,912 | 2,624 |
| Accrued interest receivable and other assets | 33,750 | 31,156 |
| Total assets | $1,825,185 | $1,875,350 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Deposits | ||
| Non-interest bearing demand | $385,022 | $402,241 |
| Savings, interest checking and money market | 846,339 | 846,452 |
| Time deposits | 301,821 | 322,151 |
| Total deposits | 1,533,182 | 1,570,844 |
| Federal Home Loan Bank advances and other borrowings | 81,525 | 107,000 |
| Subordinated notes | 49,486 | 49,486 |
| Operating lease liabilities | 1,678 | 1,213 |
| Accrued interest payable and other liabilities | 9,767 | 10,722 |
| Total liabilities | 1,675,638 | 1,739,265 |
| Stockholders’ equity: | ||
| Common stock, $1 par value, authorized 15,000,000 shares; issued 7,554,893 shares | 7,555 | 7,555 |
| Surplus | 76,857 | 76,818 |
| Retained earnings | 89,542 | 76,464 |
| Accumulated other comprehensive loss, net of tax | (12,443) | (13,762) |
| Treasury stock; 566,268, and 515,570 shares, at cost, respectively | (11,964) | (10,990) |
| Total stockholders’ equity | 149,547 | 136,085 |
| Total liabilities and stockholders’ equity | $1,825,185 | $1,875,350 |
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