secwatch.observer — SEC 8-K summary
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Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K/A
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000893847-26-000061
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawthorn Bancshares corrects sale-leaseback error, cuts Q1 net income by $1.1M
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- Correction of sale-leaseback accounting error reduces Q1 net income by $1.1M and diluted EPS by $0.15.
- Proceeds of $1.9M from property sale reclassified as financing obligation; gain recognition deferred.
- Revised Q1 net income $5.7M ($0.83 diluted EPS) vs. originally higher preliminary results.
- Company will re-evaluate transaction for sale-leaseback accounting as contractual obligations are resolved.
- Q1 net interest margin FTE 4.07%; loans decreased 2.2% from prior quarter to $1.45B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384726000061/0000893847-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384726000061/hwbk-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000893847-26-000061

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