---
schema_version: "secwatch.filing_event.v1"
accession: "0000893847-23-000001"
form_type: "8-K"
ticker: "HWBK"
cik: "0000893847"
company_name: "HAWTHORN BANCSHARES, INC."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:58:43.046070+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hawthorn Bancshares FY2022 net income $20.8M ($3.06 EPS); loans up 16.8%

## Summary
- FY2022 net income $20.8M, down from $22.5M in 2021; Q4 net income $4.7M ($0.70 EPS) vs $5.99M prior year.
- Loans held for investment grew $219M (16.8%) to $1.52B; deposits grew $115M (7.6%) to $1.63B.
- Non-performing loans $18.7M (1.23% of loans), down $6.8M from prior year; provision expense $0.1M in Q4.
- Net interest margin (FTE) 3.43% in Q4, down from 3.67% prior year quarter; efficiency ratio 69.5%.
- Board declared $0.17 quarterly dividend payable Apr 1 to holders of record Mar 15.

## SEC filing metadata
- accession: 0000893847-23-000001
- form_type: 8-K
- ticker: HWBK
- cik: 0000893847
- company_name: HAWTHORN BANCSHARES, INC.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/893847/000089384723000001/0000893847-23-000001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/893847/000089384723000001/hwbk-20230130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000893847-23-000001
- JSON: https://secwatch.observer/filing/0000893847-23-000001.json
- Plain text: https://secwatch.observer/filing/0000893847-23-000001.txt

## Key facts
- Earnings Releases
  HAWTHORN BANCSHARES, INC. reported the year ended December 31, 2022 results: net income $20.8 million, EPS $3.06 per diluted share.
  - Period: the year ended December 31, 2022
  - Net income: $20.8 million
  - EPS: $3.06 per diluted share
  - Result: reported results
  source text: Hawthorn Bancshares, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000001/0000893847-23-000001-index.htm
- Earnings Releases
  HAWTHORN BANCSHARES, INC. reported the fourth quarter 2022 results: net income $4.7 million, EPS $0.70 per diluted share.
  - Period: the fourth quarter 2022
  - Net income: $4.7 million
  - EPS: $0.70 per diluted share
  - Result: reported results
  source text: Hawthorn Bancshares, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/893847/000089384723000001/0000893847-23-000001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.