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Condensed Financial Information of the Parent Company Only | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information of the Parent Company Only |
Condensed Financial Information of the Parent Company Only | (21) Condensed Financial Information of the Parent Company Only Following are the condensed financial statements of Hawthorn Bancshares, Inc. (Parent only) as of and for the years indicated: Condensed Balance Sheets
|  | December 31,
(in thousands) |  | 2019 |  | 2018
Assets |  |  |  |  |  |
Cash and due from bank subsidiaries |  | $ | 2,576 |  | $ | 1,334
Investment in bank-issued trust preferred securities |  |  | 1,310 |  |  | 1,374
Investment in subsidiaries |  |  | 167,196 |  |  | 152,735
Deferred tax asset |  |  | 1,928 |  |  | 1,307
Other assets |  |  | 1,329 |  |  | 403
Total assets |  | $ | 174,339 |  | $ | 157,153
Liabilities and Stockholders’ Equity |  |  |  |  |  |
Subordinated notes |  | $ | 49,486 |  | $ | 49,486
Other liabilities |  |  | 9,815 |  |  | 8,253
Stockholders’ equity |  |  | 115,038 |  |  | 99,414
Total liabilities and stockholders’ equity |  | $ | 174,339 |  | $ | 157,153
Condensed Statements of Income
|  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Income |  |  |  |  |  |  |  |  |
Interest and dividends received from subsidiaries |  | $ | 8,071 |  | $ | 5,067 |  | $ | 2,653
Other |  |  | — |  |  | 428 |  |  | —
Total income |  |  | 8,071 |  |  | 5,495 |  |  | 2,653
Expenses |  |  |  |  |  |  |  |  |
Interest on subordinated notes |  |  | 2,376 |  |  | 2,229 |  |  | 1,751
Other |  |  | 2,461 |  |  | 3,461 |  |  | 2,358
Total expenses |  |  | 4,837 |  |  | 5,690 |  |  | 4,109
Income before income tax benefit and equity in undistributed income of subsidiaries |  |  | 3,234 |  |  | (195) |  |  | (1,456)
Income tax benefit |  |  | 1,001 |  |  | 1,397 |  |  | 191
Equity in undistributed income of subsidiaries |  |  | 11,879 |  |  | 9,512 |  |  | 4,679
Net income |  | $ | 16,114 |  | $ | 10,714 |  | $ | 3,414
Condensed Statements of Cash Flows
|  | For the Years Ended December 31,
(in thousands) |  | 2019 |  | 2018 |  | 2017
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 16,114 |  | $ | 10,714 |  | $ | 3,414
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiaries |  |  | (11,879) |  |  | (9,512) |  |  | (4,679)
Stock based compensation expense |  |  | — |  |  | — |  |  | 3
(Increase) decrease in deferred tax asset |  |  | (319) |  |  | 370 |  |  | 881
Other, net |  |  | 10 |  |  | (116) |  |  | 453
Net cash provided by operating activities |  | $ | 3,926 |  | $ | 1,456 |  | $ | 72
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Decrease (increase) in investment in subsidiaries, net |  | $ | — |  | $ | 500 |  | $ | (250)
Net cash provided by (used in) investing activities |  | $ | — |  | $ | 500 |  | $ | (250)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid - common stock |  | $ | (2,684) |  | $ | (1,993) |  | $ | (1,474)
Issuance of stock under equity compensation plan |  |  | — |  |  | 135 |  |  | —
Purchase of treasury stock |  |  | — |  |  | (179) |  |  | (878)
Net cash used in financing activities |  | $ | (2,684) |  | $ | (2,037) |  | $ | (2,352)
Net increase (decrease) in cash and due from banks |  |  | 1,242 |  |  | (81) |  |  | (2,530)
Cash and due from banks at beginning of year |  |  | 1,334 |  |  | 1,415 |  |  | 3,945
Cash and due from banks at end of year |  | $ | 2,576 |  | $ | 1,334 |  | $ | 1,415

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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