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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The table below highlights the Company’s revenues, expenses and net income (loss) for each reportable segment and is reconciled to net income (loss) on a consolidated basis for the three and six months ended June 30, 2025 and 2024, respectively, was as follows:
| Three Months Ended June 30, 2025
(dollars in thousands) | Hawthorn Bank |  | Wealth Management |  | Non-Bank |  | Total
Operating revenue |  |  |  |  |  |  |
Interest income | $ | 23,885 |  |  | $ | — |  |  | $ | 26 |  |  | $ | 23,911 |
Interest expense | 6,914 |  |  | — |  |  | 855 |  |  | 7,769 |
Net interest income | $ | 16,971 |  |  | $ | — |  |  | $ | (829) |  |  | $ | 16,142 |
Release of provision for credit losses | (51) |  |  | — |  |  | — |  |  | (51) |
Operating expenses |  |  |  |  |  |  |
Salaries and employee benefits | $ | 6,089 |  |  | $ | 333 |  |  | $ | 281 |  |  | $ | 6,703 |
Occupancy, furniture and equipment expense | 992 |  |  | 23 |  |  | — |  |  | 1,015 |
Processing, network, and bank card expense | 1,425 |  |  | 18 |  |  | — |  |  | 1,443 |
Legal, examination, and professional fees | 342 |  |  | — |  |  | 86 |  |  | 428 |
Depreciation | 605 |  |  | — |  |  | — |  |  | 605 |
Other | 1,801 |  |  | 31 |  |  | 243 |  |  | 2,075 |
Total operating expenses | $ | 11,254 |  |  | $ | 405 |  |  | $ | 610 |  |  | $ | 12,269 |
Other |  |  |  |  |  |  |
Non-interest income | $ | 2,484 |  |  | $ | 542 |  |  | $ | 519 |  |  | $ | 3,545 |
Investment securities losses, net | (1) |  |  | — |  |  | — |  |  | (1) |
Income taxes | 1,560 |  |  | — |  |  | (193) |  |  | 1,367 |
Net income | $ | 6,691 |  |  | $ | 137 |  |  | $ | (727) |  |  | $ | 6,101 |
| Six Months Ended June 30, 2025
(dollars in thousands) | Hawthorn Bank |  | Wealth Management |  | Non-Bank |  | Total
Operating revenue |  |  |  |  |  |  |
Interest income | $ | 47,317 |  |  | $ | — |  |  | $ | 52 |  |  | $ | 47,369 |
Interest expense | 14,225 |  |  | — |  |  | 1,708 |  |  | 15,933 |
Net interest income | $ | 33,092 |  |  | $ | — |  |  | $ | (1,656) |  |  | $ | 31,436 |
Release of provision for credit losses | (391) |  |  | — |  |  | — |  |  | (391) |
Operating expenses |  |  |  |  |  |  |
Salaries and employee benefits | $ | 12,310 |  |  | $ | 665 |  |  | $ | 640 |  |  | $ | 13,615 |
Occupancy, furniture and equipment expense | 2,171 |  |  | 38 |  |  | — |  |  | 2,209 |
Processing, network, and bank card expense | 2,808 |  |  | 36 |  |  | — |  |  | 2,844 |
Legal, examination, and professional fees | 737 |  |  | — |  |  | 184 |  |  | 921 |
Depreciation | 1,140 |  |  | — |  |  | — |  |  | 1,140 |
Other | 3,540 |  |  | 46 |  |  | 453 |  |  | 4,039 |
Total operating expenses | $ | 22,706 |  |  | $ | 785 |  |  | $ | 1,277 |  |  | $ | 24,768 |
Other |  |  |  |  |  |  |
Non-interest income | $ | 5,074 |  |  | $ | 1,054 |  |  | $ | 880 |  |  | $ | 7,008 |
Investment securities losses, net | (3) |  |  | — |  |  | — |  |  | (3) |
Income taxes | 3,011 |  |  | — |  |  | (431) |  |  | 2,580 |
Net income | $ | 12,837 |  |  | $ | 269 |  |  | $ | (1,622) |  |  | $ | 11,484 |
Segment assets | $ | 1,866,399 |  |  | $ | 20 |  |  | $ | 10,998 |  |  | $ | 1,877,417 |
| Three Months Ended June 30, 2024
(dollars in thousands) | Hawthorn Bank |  |  |  | Non-Bank |  | Total
Operating revenue |  |  |  |  |  |  |
Interest income | $ | 23,527 |  |  |  |  | $ | 29 |  |  | $ | 23,556 |
Interest expense | 8,399 |  |  |  |  | 985 |  |  | 9,384 |
Net interest income | $ | 15,128 |  |  |  |  | $ | (956) |  |  | $ | 14,172 |
Provision for credit losses | 457 |  |  |  |  | — |  |  | 457 |
Operating expenses |  |  |  |  |  |  |
Salaries and employee benefits | $ | 6,412 |  |  |  |  | $ | 312 |  |  | $ | 6,724 |
Occupancy, furniture and equipment expense | 968 |  |  |  |  | — |  |  | 968 |
Processing, network, and bank card expense | 1,362 |  |  |  |  | — |  |  | 1,362 |
Legal, examination, and professional fees | 404 |  |  |  |  | 108 |  |  | 512 |
Depreciation | 462 |  |  |  |  | — |  |  | 462 |
Other | 1,789 |  |  |  |  | 217 |  |  | 2,006 |
Total operating expenses | $ | 11,397 |  |  |  |  | $ | 637 |  |  | $ | 12,034 |
Other |  |  |  |  |  |  |
Non-interest income | $ | 3,683 |  |  |  |  | $ | 313 |  |  | $ | 3,996 |
Investment securities losses, net | (15) |  |  |  |  | — |  |  | (15) |
Income taxes | 1,301 |  |  |  |  | (268) |  |  | 1,033 |
Net income | $ | 5,641 |  |  |  |  | $ | (1,012) |  |  | $ | 4,629 |
| Six Months Ended June 30, 2024
(dollars in thousands) | Hawthorn Bank |  |  |  | Non-Bank |  | Total
Operating revenue |  |  |  |  |  |  |
Interest income | $ | 47,549 |  |  |  |  | $ | 59 |  |  | $ | 47,608 |
Interest expense | 16,713 |  |  |  |  | 1,975 |  |  | 18,688 |
Net interest income | $ | 30,836 |  |  |  |  | $ | (1,916) |  |  | $ | 28,920 |
Provision for credit losses | 227 |  |  |  |  | — |  |  | 227 |
Operating expenses |  |  |  |  |  |  |
Salaries and employee benefits | $ | 12,805 |  |  |  |  | $ | 649 |  |  | $ | 13,454 |
Occupancy, furniture and equipment expense | 2,074 |  |  |  |  | — |  |  | 2,074 |
Processing, network, and bank card expense | 2,732 |  |  |  |  | — |  |  | 2,732 |
Legal, examination, and professional fees | 1,115 |  |  |  |  | 220 |  |  | 1,335 |
Depreciation | 925 |  |  |  |  | — |  |  | 925 |
Other | 3,680 |  |  |  |  | 409 |  |  | 4,089 |
Total operating expenses | $ | 23,331 |  |  |  |  | $ | 1,278 |  |  | $ | 24,609 |
Other |  |  |  |  |  |  |
Non-interest income | $ | 6,416 |  |  |  |  | $ | 599 |  |  | $ | 7,015 |
Investment securities losses, net | (15) |  |  |  |  | — |  |  | (15) |
Income taxes | 2,544 |  |  |  |  | (545) |  |  | 1,999 |
Net income | $ | 11,135 |  |  |  |  | $ | (2,050) |  |  | $ | 9,085 |
Segment assets | $ | 1,840,251 |  |  |  |  | $ | 7,559 |  |  | $ | 1,847,810 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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