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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company determines its operating segments based on how the chief operating decision maker (CODM) views and analyzes each segment’s operations, performance and allocates resources. The Chief Executive Officer, is the CODM. The CODM reviews the actual net income compared to budgeted net income on a monthly basis to evaluate segment performance, make decisions, and determine where to deploy capital. This analysis is also used for benchmarking performance against the Company's peers. The Company previously reported under one segment. During 2025, the Company identified its Wealth Management business as a strategic opportunity and hired additional management resources to provide the structure for products and processes for this business. As a result, beginning in the first quarter of 2025, the Company identified its Wealth Management Business as its own separate reporting segment and now reports two aggregated reporting segments, consisting of the Bank and its Wealth Management business. The Bank segment is composed of operations providing a broad range of banking products and services located within the Missouri communities in and surrounding Jefferson City, Columbia, Clinton, Warsaw, Springfield, and the greater Kansas City metropolitan area. The Wealth Management segment includes a broad range of financial and investment planning services for individuals and business owners. The Company's existing trust services are also included in the Wealth Management 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 The entire disclosure for reporting segments including data and tables. 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