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Condensed Financial Information of the Parent Company Only | 12 Months Ended
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Dec. 31, 2020
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) |  | 2020 |  | 2019
Assets | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from bank subsidiaries | ​ | $ | 2,013 |  | $ | 2,576
Investment in bank-issued trust preferred securities | ​ |  | 1,229 |  |  | 1,310
Investment in subsidiaries | ​ |  | 183,020 |  |  | 167,196
Deferred tax asset | ​ |  | 1,496 |  |  | 1,928
Other assets | ​ |  | 1,076 |  |  | 1,329
Total assets | ​ | $ | 188,834 |  | $ | 174,339
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​
Subordinated notes | ​ | $ | 49,486 |  | $ | 49,486
Other liabilities | ​ |  | 8,759 |  |  | 9,815
Stockholders’ equity | ​ |  | 130,589 |  |  | 115,038
Total liabilities and stockholders’ equity | ​ | $ | 188,834 |  | $ | 174,339
​ Condensed Statements of Income ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31,
​ |  | 2020 |  | 2019 |  | 2018
Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest and dividends received from subsidiaries | ​ | $ | 4,946 | ​ | $ | 8,071 |  | $ | 5,067
Other | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 428
Total income | ​ |  | 4,946 | ​ |  | 8,071 |  |  | 5,495
Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest on subordinated notes | ​ |  | 1,527 | ​ |  | 2,376 |  |  | 2,229
Other | ​ |  | 2,692 | ​ |  | 2,461 |  |  | 3,461
Total expenses | ​ |  | 4,219 | ​ |  | 4,837 |  |  | 5,690
Income before income tax benefit and equity in undistributed income of subsidiaries | ​ |  | 727 | ​ |  | 3,234 |  |  | (195)
Income tax benefit | ​ |  | 876 | ​ |  | 1,001 |  |  | 1,397
Equity in undistributed income of subsidiaries | ​ |  | 12,690 | ​ |  | 11,879 |  |  | 9,512
Net income | ​ | $ | 14,293 | ​ | $ | 16,114 |  | $ | 10,714
​ Condensed Statements of Cash Flows ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 14,293 | ​ | $ | 16,114 |  | $ | 10,714
Adjustments to reconcile net income to net cash provided by operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed income of subsidiaries | ​ |  | (12,690) | ​ |  | (11,879) |  |  | (9,512)
Decrease (Increase) in deferred tax asset | ​ |  | 432 | ​ |  | (319) |  |  | 370
Other, net | ​ |  | 1,031 | ​ |  | 10 |  |  | (116)
Net cash provided by operating activities | ​ | $ | 3,066 | ​ | $ | 3,926 |  | $ | 1,456
Cash flows from investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Decrease in investment in subsidiaries, net | ​ | $ | 307 | ​ | $ | — |  | $ | 500
Net cash provided by investing activities | ​ | $ | 307 | ​ | $ | — |  | $ | 500
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash dividends paid - common stock | ​ | $ | (3,030) | ​ | $ | (2,684) |  | $ | (1,993)
Issuance of stock under equity compensation plan | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 135
Purchase of treasury stock | ​ |  | (906) | ​ |  | — |  |  | (179)
Net cash used in financing activities | ​ | $ | (3,936) | ​ | $ | (2,684) |  | $ | (2,037)
Net increase (decrease) in cash and due from banks | ​ |  | (563) | ​ |  | 1,242 |  |  | (81)
Cash and due from banks at beginning of year | ​ |  | 2,576 | ​ |  | 1,334 |  |  | 1,415
Cash and due from banks at end of year | ​ | $ | 2,013 | ​ | $ | 2,576 |  | $ | 1,334
​

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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 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 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 Reference 3: 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(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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