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Segment Information
 6 Months Ended
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 BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$23,885 $— $26 $23,911 
Interest expense6,914 — 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 expense992 23 — 1,015 
Processing, network, and bank card expense1,425 18 — 1,443 
Legal, examination, and professional fees342 — 86 428 
Depreciation 605 — — 605 
Other1,801 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 taxes1,560 — (193)1,367 
Net income$6,691 $137 $(727)$6,101 
Six Months Ended June 30, 2025
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$47,317 $— $52 $47,369 
Interest expense14,225 — 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 expense2,171 38 — 2,209 
Processing, network, and bank card expense2,808 36 — 2,844 
Legal, examination, and professional fees737 — 184 921 
Depreciation 1,140 — — 1,140 
Other3,540 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 taxes3,011 — (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 BankNon-BankTotal
Operating revenue
Interest income$23,527 $29 $23,556 
Interest expense8,399 985 9,384 
Net interest income$15,128 $(956)$14,172 
Provision for credit losses457 — 457 
Operating expenses
Salaries and employee benefits$6,412 $312 $6,724 
Occupancy, furniture and equipment expense968 — 968 
Processing, network, and bank card expense1,362 — 1,362 
Legal, examination, and professional fees404 108 512 
Depreciation462 — 462 
Other1,789 217 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 taxes1,301 (268)1,033 
Net income$5,641 $(1,012)$4,629 
Six Months Ended June 30, 2024
(dollars in thousands)Hawthorn BankNon-BankTotal
Operating revenue
Interest income$47,549 $59 $47,608 
Interest expense16,713 1,975 18,688 
Net interest income$30,836 $(1,916)$28,920 
Provision for credit losses227 — 227 
Operating expenses
Salaries and employee benefits$12,805 $649 $13,454 
Occupancy, furniture and equipment expense2,074 — 2,074 
Processing, network, and bank card expense2,732 — 2,732 
Legal, examination, and professional fees1,115 220 1,335 
Depreciation925 — 925 
Other3,680 409 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 taxes2,544 (545)1,999 
Net income$11,135 $(2,050)$9,085 
Segment assets$1,840,251 $7,559 $1,847,810