NASDAQ : HWBK
Hawthorn Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 38.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 268.85M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 91.60M | 88.46M | 86.56M | 84.35M | 62.98M | 59.35M |
| Interest Income on Investments | 9.20M | 9.20M | 8.79M | 7.62M | 6.28M | 5.10M |
| Total Interest Income | 100.81M | 97.66M | 95.35M | 91.97M | 69.26M | 64.45M |
| Interest Paid on Deposits | 23.95M | 26.16M | 29.76M | 25.68M | 7.10M | 3.13M |
| Interest Paid on Borrowings | 5.62M | 5.62M | 6.99M | 7.14M | 3.39M | 2.77M |
| Total Interest Expense | 29.57M | 31.78M | 36.76M | 32.83M | 10.49M | 5.91M |
| Net Interest Income | 71.23M | 65.88M | 58.59M | 59.14M | 58.76M | 58.55M |
| Trust Income | 1.32M | |||||
| Gain (Loss) on Sale of Investments | 398.00K | 117.00K | -4.00K | -11.55M | -14.00K | 149.00K |
| Other Non-Interest Income | 15.47M | 14.02M | 12.54M | 9.40M | 11.03M | 9.17M |
| Total Non-Interest Income | 16.16M | 14.43M | 14.32M | -4.01M | 13.96M | 16.93M |
| Revenues Before Loan Losses | 87.39M | 80.31M | 72.91M | 55.13M | 72.73M | 75.48M |
| Provision for Loan Losses | 987.00K | 360.00K | 1.03M | 2.34M | -900.00K | -1.70M |
| Revenue | 86.41M | 79.95M | 71.88M | 52.79M | 73.63M | 77.18M |
| Salaries and Employee Benefits | 27.45M | 27.45M | 26.39M | 28.93M | 27.06M | 26.25M |
| Occupancy Expenses | 3.20M | 3.20M | 2.94M | 2.84M | 3.17M | 3.08M |
| Selling, General & Administrative | 8.01M | 8.01M | 8.01M | 8.33M | 7.09M | 8.16M |
| Other Non-Interest Expense | 16.30M | 12.19M | 12.18M | 12.26M | 11.21M | 11.48M |
| Total Non-Interest Expense | 54.95M | 50.85M | 49.52M | 52.36M | 48.54M | 48.97M |
| EBT Excluding Unusual Items | 31.45M | 29.10M | 22.36M | 432.00K | 25.09M | 28.21M |
| Pretax Income | 31.45M | 29.10M | 22.36M | 432.00K | 25.09M | 28.21M |
| Income Tax Expense | 5.14M | 5.30M | 4.10M | -524.00K | 4.34M | 5.70M |
| Net Income | 26.32M | 23.80M | 18.26M | 956.00K | 20.75M | 22.52M |
| Net Income to Common | 26.32M | 23.80M | 18.26M | 956.00K | 20.75M | 22.52M |
| Basic Shares Outstanding | 6.92M | 6.93M | 7.00M | 7.04M | 7.06M | 7.15M |
| Diluted Shares Outstanding | 6.94M | 6.94M | 7.00M | 7.04M | 7.06M | 7.15M |
| EPS (Basic) | 3.80 | 3.43 | 2.61 | 0.14 | 2.94 | 3.15 |
| EPS (Diluted) | 3.80 | 3.43 | 2.61 | 0.14 | 2.94 | 3.15 |
| Dividend Per Share | 0.83 | 0.79 | 0.74 | 0.67 | 0.62 | 0.54 |
| Effective Tax Rate | 16.34% | 18.21% | 18.35% | 17.29% | 20.19% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 104.31M | 50.99M | 93.45M | 83.72M | 159.91M | |
| Investment Securities | 139.51M | 141.62M | 143.18M | 151.05M | 179.66M | |
| Trading Asset Securities | 180.00K | 66.00K | ||||
| Mortgage-Backed Securities | 71.50M | 78.11M | 45.64M | 102.70M | 136.47M | |
| Total Investments | 211.19M | 219.79M | 188.82M | 253.75M | 316.12M | |
| Gross Loans | 1.49B | 1.47B | 1.54B | 1.52B | 1.30B | |
| Allowance for Loan Losses | -21.11M | -22.04M | -23.74M | -15.59M | -16.90M | |
| Net Loans | 1.47B | 1.44B | 1.52B | 1.51B | 1.29B | |
| Property, Plant & Equipment | 29.96M | 31.17M | 32.05M | 32.86M | 32.72M | |
| Loans Held for Sale | 616.00K | 3.88M | 591.00K | 2.25M | ||
| Accrued Interest Receivable | 8.45M | 8.22M | 8.66M | 7.95M | 6.62M | |
| Other Current Assets | 3.96M | |||||
| Other Real Estate Owned & Foreclosed | 98.00K | 1.45M | 1.74M | 8.79M | 10.53M | |
| Other Long-Term Assets | 64.83M | 64.53M | 25.27M | 24.06M | 12.98M | |
| Total Assets | 1.89B | 1.83B | 1.88B | 1.92B | 1.83B | |
| Interest Bearing Deposits | 1.04B | 1.05B | 1.06B | 1.08B | 994.68M | |
| Institutional Deposits | 90.50M | 100.38M | 108.15M | 94.86M | 69.08M | |
| Non-Interest Bearing Deposits | 423.57M | 385.02M | 402.24M | 453.44M | 453.07M | |
| Total Deposits | 1.55B | 1.53B | 1.57B | 1.63B | 1.52B | |
| Short-Term Borrowings | 191.00K | 89.00K | 5.19M | 23.83M | ||
| Current Portion of Long-Term Debt | 83.00M | 26.00M | 21.00M | 9.42M | ||
| Current Portion of Leases | 751.00K | |||||
| Accrued Interest Payable | 1.62M | 1.75M | 1.77M | 902.00K | 282.00K | |
| Long-Term Debt | 86.00K | 100.00K | ||||
| Federal Home Loan Bank Debt, Long-Term | 19.00M | 81.42M | 81.00M | 77.00M | 68.00M | |
| Long-Term Leases | 3.14M | 1.68M | 1.21M | 1.53M | 1.84M | |
| Trust Preferred Securities | 49.49M | 49.49M | 49.49M | 49.49M | 49.49M | |
| Other Long-Term Liabilities | 9.20M | 7.92M | 8.95M | 8.94M | 12.92M | |
| Total Liabilities | 1.72B | 1.68B | 1.74B | 1.80B | 1.68B | |
| Common Stock | 7.55M | 7.55M | 7.55M | 7.28M | 7.02M | |
| Retained Earnings | 107.86M | 89.54M | 76.46M | 91.79M | 82.30M | |
| Treasury Stock | -14.40M | -11.96M | -10.99M | -10.99M | -8.10M | |
| Comprehensive Income & Other | 73.22M | 64.41M | 63.06M | 39.33M | 67.73M | |
| Shareholders' Equity | 182.79M | 174.23M | 149.55M | 136.09M | 127.41M | 148.96M |
| Total Liabilities & Equity | 1.89B | 1.83B | 1.88B | 1.92B | 1.83B | |
| Total Debt | 83.57M | 155.65M | 132.78M | 157.70M | 154.21M | 152.57M |
| Net Cash (Debt) | -49.83M | -50.16M | -80.72M | -64.25M | -67.53M | 12.53M |
| Net Cash Per Share | -7.18 | -7.23 | -11.53 | -9.13 | -9.56 | 1.75 |
| Filing Date Shares Outstanding | 7.00M | 6.90M | 6.98M | 7.02M | 7.04M | 7.14M |
| Total Common Shares Outstanding | 7.00M | 6.90M | 6.99M | 7.04M | 7.04M | 7.16M |
| Book Value Per Share | 26.49 | 25.25 | 21.40 | 19.33 | 18.10 | 20.81 |
| Tangible Book Value | 182.79M | 174.23M | 149.55M | 136.09M | 127.41M | 148.96M |
| Tangible Book Value Per Share | 26.49 | 25.25 | 21.40 | 19.33 | 18.10 | 20.81 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 23.80M | 18.26M | 956.00K | 20.75M | 22.52M | |
| Depreciation & Amortization | 2.24M | 1.65M | 2.11M | 2.14M | 2.28M | |
| Gain (Loss) on Sale of Assets | 134.00K | -548.00K | -431.00K | -415.00K | 2.00K | |
| Gain (Loss) on Sale of Investments | 258.00K | 793.00K | 12.55M | 1.37M | 1.59M | |
| Total Asset Writedown | -41.00K | -127.00K | 4.73M | -29.00K | 965.00K | |
| Provision for Credit Losses | 360.00K | 1.03M | 2.34M | -900.00K | -1.70M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -168.00K | 4.78M | -772.00K | 4.21M | 9.66M | |
| Accrued Interest Receivable | 19.00K | |||||
| Change in Other Net Operating Assets | 390.00K | -1.26M | -2.56M | -4.01M | 2.40M | |
| Other Operating Activities | 1.74M | 1.20M | -176.00K | 186.00K | ||
| Operating Cash Flow | 26.92M | 25.59M | 17.61M | 20.28M | 30.21M | |
| Capital Expenditures | -4.08M | -3.00M | -2.10M | -2.57M | -591.00K | |
| Sale of Property, Plant and Equipment | 114.00K | 425.00K | 172.00K | 317.00K | 46.00K | |
| Investment in Securities | 18.35M | -35.44M | 71.61M | 14.14M | -114.06M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -21.83M | 66.63M | -18.27M | -219.65M | -15.45M | |
| Other Investing Activities | 582.00K | -27.36M | 2.78M | 1.22M | 2.52M | |
| Investing Cash Flow | -6.86M | 1.25M | 54.19M | -206.53M | -127.53M | |
| Short-Term Debt Issued | 60.00M | 525.00K | ||||
| Long-Term Debt Issued | 575.00K | 10.00M | 30.00M | 335.98M | ||
| Total Debt Issued | 60.58M | 10.53M | 30.00M | 335.98M | ||
| Short-Term Debt Repaid | -10.19M | -18.64M | -21.32M | |||
| Long-Term Debt Repaid | -40.00M | -36.00M | -16.00M | -315.40M | -29.26M | |
| Total Debt Repaid | -40.00M | -36.00M | -26.19M | -334.04M | -50.58M | |
| Net Debt Issued (Repaid) | 20.57M | -25.48M | 3.81M | 1.94M | -50.58M | |
| Repurchase of Common Stock | -2.86M | -1.12M | -2.89M | -2.15M | ||
| Common Dividends Paid | -5.43M | -5.05M | -4.65M | -4.24M | -3.62M | |
| Net Increase (Decrease) in Deposit Accounts | 20.97M | -37.66M | -61.23M | 115.26M | 133.21M | |
| Financing Cash Flow | 33.26M | -69.30M | -62.07M | 110.07M | 76.87M | |
| Net Cash Flow | 53.32M | -42.46M | 9.73M | -76.19M | -20.45M | |
| Free Cash Flow | 22.84M | 22.59M | 15.51M | 17.71M | 29.62M | |
| Free Cash Flow Margin | 28.57% | 31.42% | 29.38% | 24.06% | 38.38% | |
| Free Cash Flow Per Share | 3.29 | 3.23 | 2.20 | 2.51 | 4.14 | |
| Cash Interest Paid | 31.91M | 36.89M | 32.06M | 9.92M | 6.46M | |
| Cash Income Tax Paid | 3.21M | 2.60M | 1.93M | 4.31M | 4.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 270.85M | 240.59M | 198.07M | 178.59M | 147.35M | 171.64M |
| Last Close Price | 38.96 | 34.28 | 27.14 | 23.52 | 18.73 | 20.89 |
| PE Ratio | 10.33 | 10.11 | 10.85 | 186.81 | 7.10 | 7.62 |
| PS Ratio | 3.11 | 3.01 | 2.76 | 3.38 | 2.00 | 2.22 |
| PB Ratio | 1.47 | 1.38 | 1.32 | 1.31 | 1.16 | 1.15 |
| P/FCF Ratio | 9.63 | 10.53 | 8.77 | 11.51 | 8.32 | 5.79 |
| P/OCF Ratio | 8.01 | 8.94 | 7.74 | 10.14 | 7.27 | 5.68 |
| Debt / Equity Ratio | 0.46 | 0.89 | 0.89 | 1.16 | 1.21 | 1.02 |
| Debt / FCF Ratio | 6.82 | 5.88 | 10.17 | 8.71 | 5.15 | |
| Net Debt / Equity Ratio | 0.27 | 0.29 | 0.54 | 0.47 | 0.53 | -0.08 |
| Net Debt / FCF Ratio | 2.20 | 3.57 | 4.14 | 3.81 | -0.42 | |
| Return on Equity (ROE) | 14.70% | 12.78% | 0.73% | 15.02% | 16.11% | |
| Return on Assets (ROA) | 1.28% | 0.99% | 0.05% | 1.10% | 1.26% | |
| Earnings Yield | 9.68% | 9.89% | 9.22% | 0.53% | 14.08% | 13.12% |
| FCF Yield | 10.38% | 9.49% | 11.40% | 8.69% | 12.02% | 17.26% |
| Dividend Yield | 2.14% | 2.27% | 2.61% | 2.63% | 2.98% | 2.24% |
| Payout Ratio | 22.10% | 22.80% | 27.65% | 486.30% | 20.43% | 16.06% |
| Buyback Yield / Dilution | 0.36% | 0.83% | 0.55% | 0.34% | 1.19% | 1.88% |
| Total Shareholder Return | 2.51% | 3.09% | 3.16% | 2.97% | 4.17% | 4.11% |