Hawthorn Bancshares Files Q3 2024 10-Q
Ticker: HWBK · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 893847
| Field | Detail |
|---|---|
| Company | Hawthorn Bancshares, INC. (HWBK) |
| Form Type | 10-Q |
| Filed Date | Nov 14, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, banking
Related Tickers: HWBK
TL;DR
Hawthorn Bancshares (HWBK) dropped its Q3 2024 10-Q. Financials look steady.
AI Summary
Hawthorn Bancshares, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Specific financial figures and operational highlights are presented within the report.
Why It Matters
This filing provides investors and analysts with the latest financial health and performance indicators for Hawthorn Bancshares, Inc., crucial for understanding its current market position and future outlook.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.
Key Numbers
- Q3 2024 — Reporting Period (The company's financial performance for the third quarter of 2024.)
- 2024-09-30 — As of Date (The end date for the reporting period covered by the 10-Q.)
- 2024-11-14 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- HAWTHORN BANCSHARES, INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241114 (date) — Filing Date
- 132 EAST HIGH STREET (address) — Business Address
- JEFFERSON CITY (city) — Business Address City
- MO (state) — Business Address State
- 65101 (zip_code) — Business Address Zip
- P. O. BOX 688 (address) — Mail Address
- EXCHANGE NATIONAL BANCSHARES INC (company) — Former Company Name
- 19940323 (date) — Date of Former Company Name Change
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
What is the company's name and Central Index Key (CIK)?
The company's name is HAWTHORN BANCSHARES, INC., and its CIK is 0000893847.
What is the business address of Hawthorn Bancshares, Inc.?
The business address is 132 EAST HIGH STREET, JEFFERSON CITY, MO 65101.
When was the company formerly known as Exchange National Bancshares Inc.?
The company was formerly known as Exchange National Bancshares Inc. until a name change on March 23, 1994.
What is the Standard Industrial Classification (SIC) code for Hawthorn Bancshares, Inc.?
The SIC code for Hawthorn Bancshares, Inc. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 4,890 words · 20 min read · ~16 pages · Grade level 20 · Accepted 2024-11-14 12:07:15
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value HWBK The Nasdaq Stock Market
Filing Documents
- hwbk-20240930.htm (10-Q) — 3316KB
- a2024q3ex311924.htm (EX-31.1) — 10KB
- a2024q3ex312924.htm (EX-31.2) — 10KB
- a2024q3ex321924.htm (EX-32.1) — 5KB
- a2024q3ex322924.htm (EX-32.2) — 5KB
- 0000893847-24-000020.txt ( ) — 15432KB
- hwbk-20240930.xsd (EX-101.SCH) — 51KB
- hwbk-20240930_cal.xml (EX-101.CAL) — 124KB
- hwbk-20240930_def.xml (EX-101.DEF) — 328KB
- hwbk-20240930_lab.xml (EX-101.LAB) — 787KB
- hwbk-20240930_pre.xml (EX-101.PRE) — 586KB
- hwbk-20240930_htm.xml (XML) — 3757KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 3. Q uantitative and Qualitative Disclosures about Market Risk 55 Item 4. C ontrols and Procedures 56
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1. L egal Proceedings 57 Item 1A. R isk Factors 57 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57 Item 5. O ther Information 58 Item 6. E xhibits 58
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements HAWTHORN BANCSHARES, INC. AND SUBSIDIARIES Consolidated Balance Sheets (dollars in thousands, except per share data) September 30, 2024 December 31, 2023 (Unaudited) ASSETS Cash and due from banks $ 19,411 $ 15,675 Other interest-bearing deposits 34,813 77,775 Cash and cash equivalents 54,224 93,450 Certificates of deposit in other banks 1,000 — Available-for-sale debt securities, at fair value 203,292 188,742 Other investments 5,727 6,300 Loans held for investment 1,466,751 1,539,147 Allowance for credit losses ( 21,937 ) ( 23,744 ) Net loans 1,444,814 1,515,403 Loans held for sale 315 3,884 Premises and equipment - net 31,324 32,047 Other real estate owned - net 4,385 1,744 Cash surrender value of bank-owned life insurance 38,511 2,624 Accrued interest receivable and other assets 26,177 31,156 Total assets $ 1,809,769 $ 1,875,350 LIABILITIES AND STOCKHOLDERS' EQUITY Deposits Non-interest bearing demand $ 390,639 $ 402,241 Savings, interest checking and money market 811,954 846,452 Time deposits 300,911 322,151 Total deposits 1,503,504 1,570,844 Federal Home Loan Bank advances and other borrowings 96,525 107,000 Subordinated notes 49,486 49,486 Operating lease liabilities 1,758 1,213 Accrued interest payable and other liabilities 12,022 10,722 Total liabilities 1,663,295 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 76,856 76,818 Retained earnings 86,273 76,464 Accumulated other comprehensive loss, net of tax ( 12,195 ) ( 13,762 ) Treasury stock; 568,170 and 515,570 shares, at cost, respectively ( 12,015 ) ( 10,990 ) Total stockholders' equity 146,474 136,085 Total liabilities and stockholders' equity $ 1,809,769 $ 1,875,350 See accompanying notes to the consolidated financial statements (unaudited) . 2 HAWTHORN BANCSHARES, INC. AND SUBSIDIARIES Consolidated Statements of Income (unaudited