HAWTHORN BANCSHARES, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
HWBK$39.25-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows(unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $5,743 | $5,383 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision (release of) for credit losses on loans and unfunded commitments | 73 | (340) |
| Depreciation expense | 439 | 535 |
| Net amortization of investment securities, premiums, and discounts | 77 | 118 |
| Provision for valuation allowance for premises and equipment held for sale | 278 | — |
| Investment securities (gains) losses, net | (5) | 2 |
| Losses on sales and dispositions of premises and equipment | (5) | (50) |
| Gain on sales and dispositions of other real estate | — | (21) |
| Provision for valuation allowance for other real estate owned | 34 | — |
| Share-based compensation expense | 122 | 81 |
| Increase in cash surrender value - life insurance | (357) | (386) |
| Decrease in accrued interest receivable and other assets | 1,263 | 889 |
| Increase (decrease) in operating lease liabilities | 39 | (70) |
| Increase in accrued interest payable and other liabilities | 271 | (183) |
| Origination of mortgage loans held for sale | (14,690) | (1,335) |
| Proceeds from the sale of mortgage loans held for sale | 14,766 | 1,237 |
| Gain on sale of mortgage loans, net | (77) | (126) |
| Net cash provided by operating activities | 7,971 | 5,734 |
| Cash flows from investing activities: | ||
| Purchase of certificates of deposit in other banks | (1,000) | — |
| Proceeds from maturities of certificates of deposit in other banks | 1,000 | — |
| Net decrease (increase) in loans | 33,179 | (4,145) |
| Purchase of available-for-sale debt securities | (4,515) | (6,656) |
| Proceeds from maturities of available-for-sale debt securities | 5,865 | 4,273 |
| Proceeds from calls of available-for-sale debt securities | 12 | 1,755 |
| Purchases of FHLB stock | (32,527) | (4,029) |
| Proceeds from sales of FHLB stock | 32,881 | 2,242 |
| Purchases of premises and equipment | (1,871) | (272) |
| Proceeds from sales of premises and equipment | 29 | 50 |
| Proceeds from sales of other real estate and repossessed assets | — | 799 |
| Net cash provided by (used in) investing activities | 33,053 | (5,983) |
| Cash flows from financing activities: | ||
| Net increase in demand deposits | 1,865 | 42,085 |
| Net decrease in interest bearing transaction accounts | (38,753) | (27,445) |
| Net increase (decrease) in time deposits | 1,055 | (3,934) |
| Repayment of FHLB advances and other borrowings | (727,000) | (46,100) |
| Proceeds from FHLB advances and other borrowings | 719,290 | 88,675 |
| Proceeds from financing obligation | 1,908 | — |
| Purchase of treasury stock | (400) | (440) |
| Cash dividends paid - common stock | (1,383) | (1,328) |
| Net cash provided by (used in) financing activities | (43,418) | 51,513 |
| Net (decrease) increase in cash and cash equivalents | (2,394) | 51,264 |
| Cash and cash equivalents, beginning of period | 104,312 | 50,994 |
| Cash and cash equivalents, end of period | $101,918 | $102,258 |
Consolidated Statements of Cash Flows (unaudited) continued
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $7,213 | $8,288 |
| Income taxes | 3,206 | — |
| Non-cash investing and financing activities: | ||
| Right of use assets obtained in exchange for new operating lease liabilities | 935 | 1,420 |
| Dividends declared not paid - common stock | 1,449 | 1,328 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.