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.
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Consolidated Statements of Income
Consolidated Statements of Income (unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (dollars in thousands, except per share data) | 2026 | 2025 |
| INTEREST INCOME | ||
| Interest and fees on loans | $22,093 | $21,196 |
| Interest and fees on loans held for sale | 4 | 2 |
| Interest on investment securities: | ||
| Taxable | 1,164 | 1,304 |
| Nontaxable | 584 | 587 |
| Federal funds sold and Other interest-bearing deposits | 436 | 249 |
| Dividends on other investments | 113 | 120 |
| Total interest income | 24,394 | 23,458 |
| INTEREST EXPENSE | ||
| Interest on deposits: | ||
| Savings, interest checking and money market | 3,662 | 4,349 |
| Time deposits | 2,209 | 2,464 |
| Total interest expense on deposits | 5,871 | 6,813 |
| Interest on federal funds purchased and securities sold under agreements to repurchase and other | 13 | — |
| Interest on Federal Home Loan Bank advances | 635 | 499 |
| Interest on subordinated notes | 773 | 852 |
| Total interest expense on borrowings | 1,421 | 1,351 |
| Total interest expense | 7,292 | 8,164 |
| Net interest income | 17,102 | 15,294 |
| Release of credit losses on loans | (120) | (282) |
| Provision for (release of) credit losses on unfunded commitments | 193 | (58) |
| Total provision for (release of) credit losses on loans and unfunded commitments | 73 | (340) |
| Net interest income after provision for (release of) credit losses on loans and unfunded commitments | 17,029 | 15,634 |
| NON-INTEREST INCOME | ||
| Service charges and other fees | 820 | 914 |
| Bank card income and fees | 908 | 925 |
| Earnings on bank-owned life insurance | 493 | 509 |
| Wealth management revenue | 616 | 473 |
| Gain on sale of mortgage loans, net | 77 | 126 |
| (Losses) gains on other real estate owned and other assets, net | (34) | 21 |
| Other | 221 | 495 |
| Total non-interest income | 3,101 | 3,463 |
| Investment securities gains (losses), net | 5 | (2) |
| NON-INTEREST EXPENSE | ||
| Salaries and employee benefits | 6,814 | 6,912 |
| Occupancy expense, net | 991 | 935 |
| Furniture and equipment expense | 770 | 793 |
| Processing, network, and bank card expense | 1,418 | 1,401 |
| Legal, examination, and professional fees | 802 | 493 |
| Advertising and promotion | 204 | 160 |
| Postage, printing, and supplies | 299 | 294 |
| Other | 1,705 | 1,511 |
| Total non-interest expense | 13,003 | 12,499 |
| Income before income taxes | 7,132 | 6,596 |
| Income tax expense | 1,389 | 1,213 |
| Net income | $5,743 | $5,383 |
| Basic earnings per share | $0.83 | $0.77 |
| Diluted earnings per share | $0.83 | $0.77 |
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