secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000893847-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawthorn Bancshares Q1 net income $3.3M ($0.48 EPS), down 50% YoY; declares cash & stock dividend
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- Net income of $3.3M ($0.48 diluted EPS) vs $6.6M ($0.97) in Q1 2022, down 50.5% YoY.
- Net interest margin (FTE) compressed to 3.16% from 3.50% a year ago; net interest income $13.9M.
- Loans held for investment grew 1.4% linked-quarter to $1.5B; deposits fell 1.5% to $1.6B.
- Adopted CECL on Jan 1, 2023, recording $5.6M cumulative reduction to retained earnings; provision for credit losses $0.7M.
- Board approved $0.17 quarterly cash dividend and 4% special stock dividend, payable July 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000011/0000893847-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000011/hwbk-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000893847-23-000011

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