secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000893847-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawthorn Q2 net income $2.5M, EPS $0.36 down 44% YoY; loan quality improves, dividend maintained at $0.17
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- Net income of $2.5M ($0.36 EPS) vs $4.5M ($0.64) a year ago; Q2 includes $1.8M OREO write-down.
- Net interest margin (FTE) widened to 3.19% from 3.16% linked quarter; net interest income $14.2M.
- Loans held for investment $1.56B (+1.4% QoQ); deposits $1.54B (-4% QoQ) driven by public fund reductions.
- Non-performing loans ratio fell to 0.25% from 1.27% linked quarter as $15M loans returned to accruing status.
- Board declared $0.17/share quarterly dividend payable Oct 1, record Sep 15; no change from prior rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000018/0000893847-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000018/hwbk-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000893847-23-000018

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