Hawthorn Bancshares Files Q2 2024 10-Q
Ticker: HWBK · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 893847
| Field | Detail |
|---|---|
| Company | Hawthorn Bancshares, INC. (HWBK) |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $1.00, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, banking
TL;DR
Hawthorn Bancshares dropped its Q2 2024 10-Q. Check financials.
AI Summary
Hawthorn Bancshares, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers financial performance and operations for the second quarter of 2024. Key financial data and operational details are presented for the reporting period.
Why It Matters
This filing provides investors with a detailed look at Hawthorn Bancshares' financial health and operational performance during the second quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not contain any immediately apparent high-risk disclosures.
Key Players & Entities
- HAWTHORN BANCSHARES, INC. (company) — Filer
- 20240630 (date) — Period of Report
- 20240814 (date) — Filing Date
- JEFFERSON CITY (location) — Business Address City
- MO (location) — Business Address State
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date (FILED AS OF DATE) is 20240814.
What is the primary business of Hawthorn Bancshares, Inc. according to the filing?
The Standard Industrial Classification (SIC) code is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Where is Hawthorn Bancshares, Inc. headquartered?
The business address is located at 132 EAST HIGH STREET, JEFFERSON CITY, MO 65101.
Has Hawthorn Bancshares, Inc. operated under a different name previously?
Yes, the former company name was EXCHANGE NATIONAL BANCSHARES INC, with a date of name change on 19940323.
Filing Stats: 4,913 words · 20 min read · ~16 pages · Grade level 20 · Accepted 2024-08-14 17:18:26
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value HWBK The Nasdaq Stock Market
- $250,000 — y market 804,183 846,452 Time deposits $250,000 and over 101,025 108,147 Other time de
Filing Documents
- hwbk-20240630.htm (10-Q) — 3344KB
- a2024q2ex311624.htm (EX-31.1) — 10KB
- a2024q2ex312624.htm (EX-31.2) — 10KB
- a2024q2ex321624.htm (EX-32.1) — 5KB
- a2024q2ex322624.htm (EX-32.2) — 5KB
- 0000893847-24-000016.txt ( ) — 15695KB
- hwbk-20240630.xsd (EX-101.SCH) — 53KB
- hwbk-20240630_cal.xml (EX-101.CAL) — 127KB
- hwbk-20240630_def.xml (EX-101.DEF) — 337KB
- hwbk-20240630_lab.xml (EX-101.LAB) — 801KB
- hwbk-20240630_pre.xml (EX-101.PRE) — 599KB
- hwbk-20240630_htm.xml (XML) — 3819KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements HAWTHORN BANCSHARES, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except per share data) June 30, 2024 December 31, 2023 (Unaudited) ASSETS Cash and due from banks $ 16,754 $ 15,675 Other interest-bearing deposits 59,088 77,775 Cash and cash equivalents 75,842 93,450 Certificates of deposit in other banks 1,000 — Available-for-sale debt securities, at fair value 185,325 188,742 Other investments 5,834 6,300 Loans held for investment 1,498,504 1,539,147 Allowance for credit losses ( 21,980 ) ( 23,744 ) Net loans 1,476,524 1,515,403 Loans held for sale, at lower of cost or fair value 1,368 3,884 Premises and equipment - net 31,922 32,047 Other real estate owned - net 3,625 1,744 Accrued interest receivable 7,981 8,661 Cash surrender value of bank-owned life insurance 38,109 2,624 Other assets 20,280 22,495 Total assets $ 1,847,810 $ 1,875,350 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing demand $ 401,618 $ 402,241 Savings, interest checking and money market 804,183 846,452 Time deposits $250,000 and over 101,025 108,147 Other time deposits 243,424 214,004 Total deposits 1,550,250 1,570,844 Federal Home Loan Bank advances and other borrowings 99,100 107,000 Subordinated notes 49,486 49,486 Operating lease liabilities 1,110 1,213 Accrued interest payable 2,113 1,772 Other liabilities 7,510 8,950 Total liabilities 1,709,569 1,739,265 Stockholders' equity: Common stock, $ 1.00 par value, authorized 15,000,000 shares; issued 7,554,893 shares 7,555 7,555 Surplus 76,808 76,818 Retained earnings 83,026 76,464 Accumulated other comprehensive loss, net of tax ( 17,233 ) ( 13,762 ) Treasury stock; 563,170 and 515,570 shares, at cost, respectively ( 11,915 ) ( 10,990 ) Total stockholders' equity 138,241 136,085 Total liabilities and stockholders' equity $ 1,847,810 $ 1,875,350 See accompanying notes to the consolidated financial statements (unaudited) . 2