secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0000893847-23-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawthorn Bancshares sells $83.7M in low-yield securities, records $9.1M after-tax loss to reposition balance sheet
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- Sold $83.7M book value of investment securities (avg yield 1.57%), realizing after-tax loss of $9.1M.
- Securities sold included U.S. Treasuries ($1.0M), MBS ($57.1M), agencies ($20.5M), municipal ($5.1M).
- Proceeds to be reinvested in higher-yield assets and pay down borrowings; expected accretive to earnings, NIM, ROA.
- Loss on sale expected to have neutral impact on consolidated shareholders' equity and tangible book value per share.
- Regulatory capital remains well above well-capitalized thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000024/0000893847-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384723000024/hwbk-20231218.htm
  HTML page:      https://secwatch.observer/filing/0000893847-23-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer