secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000893847-24-000001
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 reports Q4 net loss of $7.4M; full-year EPS $0.14; dividend $0.17
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- Q4 2023 net loss $7.4M, diluted EPS -$1.05; full-year net income $1.0M ($0.14 EPS) vs $20.8M ($2.94) in 2022.
- Sold $83.7M in investment securities (avg yield 1.57%) for after-tax loss of $9.1M; expects accretive to future earnings.
- Provision for credit losses increased $1.5M in Q4 due to downgrade of one commercial loan; non-performing loans to total loans 0.42%.
- Deposits down $61.2M (-3.8%) from prior year; loans up $17.9M (+1.2%).
- Board approved quarterly cash dividend of $0.17 per share payable April 1, 2024 to holders of record March 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384724000001/0000893847-24-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384724000001/hwbk-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000893847-24-000001

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