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Segment Information
 9 Months Ended
Sep. 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 (“CEO”) 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, and the CEO is the CODM for both segments.
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 as well as the Company's existing trust services.
The tables below highlight 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 nine months ended September 30, 2025 and 2024, respectively:
Three Months Ended September 30, 2025
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$24,976 $— $27 $25,003 
Interest expense7,277 — 861 8,138 
Net interest income17,699 — (834)16,865 
Provision for (release of) credit losses375 — — 375 
Operating expenses
Salaries and employee benefits6,586 285 336 7,207 
Occupancy, furniture and equipment expense1,059 14 — 1,073 
Processing, network, and bank card expense1,332 40 — 1,372 
Legal, examination, and professional fees403 1 66 470 
Depreciation 541 — — 541 
Other1,928 26 204 2,158 
Total operating expenses11,849 366 606 12,821 
Other
Non-interest income2,645 651 420 3,716 
Investment securities gains (losses), net105 — — 105 
Income taxes1,572 — (214)1,358 
Net income (loss)$6,653 $285 $(806)$6,132 
Nine Months Ended September 30, 2025
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$72,293 $— $79 $72,372 
Interest expense21,502 — 2,569 24,071 
Net interest income50,791 — (2,490)48,301 
Provision for (release of) credit losses(16)— — (16)
Operating expenses
Salaries and employee benefits18,896 950 976 20,822 
Occupancy, furniture and equipment expense3,230 52 — 3,282 
Processing, network, and bank card expense4,140 76 — 4,216 
Legal, examination, and professional fees1,140 1 250 1,391 
Depreciation 1,681 — — 1,681 
Other5,467 73 657 6,197 
Total operating expenses34,554 1,152 1,883 37,589 
Other
Non-interest income7,758 1,667 1,299 10,724 
Investment securities losses, net102 — — 102 
Income taxes4,583 — (645)3,938 
Net income (loss)$19,530 $515 $(2,429)$17,616 
Segment assets$1,920,938 $16 $11,151 $1,932,105 
Three Months Ended September 30, 2024
(dollars in thousands)Hawthorn BankNon-BankTotal
Operating revenue
Interest income$23,789 $30 $23,819 
Interest expense8,503 989 9,492 
Net interest income15,286 (959)14,327 
Provision for (release of) credit losses500 — 500 
Operating expenses
Salaries and employee benefits6,202 337 6,539 
Occupancy, furniture and equipment expense1,143 — 1,142 
Processing, network, and bank card expense1,480 — 1,480 
Legal, examination, and professional fees310 68 378 
Depreciation488 — 488 
Other1,768 199 1,967 
Total operating expenses11,391 604 11,994 
Other
Non-interest income3,478 305 3,783 
Investment securities gains (losses), net8 — 8 
Income taxes1,919 (869)1,050 
Net income (loss)$4,962 $(389)$4,574 
Nine Months Ended September 30, 2024
(dollars in thousands)Hawthorn BankNon-BankTotal
Operating revenue
Interest income$71,338 $89 $71,427 
Interest expense25,216 2,965 28,181 
Net interest income46,122 (2,876)43,246 
Provision for (release of) credit losses726 — 726 
Operating expenses
Salaries and employee benefits19,007 986 19,993 
Occupancy, furniture and equipment expense3,217 — 3,217 
Processing, network, and bank card expense4,212 — 4,212 
Legal, examination, and professional fees1,425 288 1,713 
Depreciation1,413 — 1,413 
Other5,448 607 6,055 
Total operating expenses34,722 1,881 36,603 
Other
Non-interest income9,894 904 10,798 
Investment securities gains (losses), net(7)— (7)
Income taxes4,463 (1,414)3,049 
Net income (loss)$16,098 $(2,439)$13,659 
Segment assets$1,802,345 $7,424 $1,809,769