v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
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 six months ended June 30, 2026 and 2025, respectively:
Three Months Ended June 30, 2026
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$24,329 $— $23 $24,352 
Interest expense6,317 — 777 7,094 
Net interest income18,012 — (754)17,258 
Provision for credit losses238 — — 238 
Operating expenses
Salaries and employee benefits6,917 557 119 7,593 
Occupancy, furniture and equipment expense777 15 40 832 
Processing, network, and bank card expense1,379 40 — 1,419 
Legal, examination, and professional fees643 — 301 944 
Depreciation 818 — — 818 
Other1,788 47 306 2,141 
Total operating expenses12,322 659 766 13,747 
Other
Non-interest income2,899 654 1,824 5,377 
Investment securities gains, net280 — — 280 
Income taxes1,565 — 39 1,604 
Net income (loss)$7,066 $(5)$265 $7,326 
Six Months Ended June 30, 2026
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$48,697 $— $49 $48,746 
Interest expense12,834 — 1,552 14,386 
Net interest income35,863 — (1,503)34,360 
Provision for credit losses311 — — 311 
Operating expenses
Salaries and employee benefits13,304 741 362 14,407 
Occupancy, furniture and equipment expense2,120 35 (1)2,154 
Processing, network, and bank card expense2,745 92 — 2,837 
Legal, examination, and professional fees1,291 — 455 1,746 
Depreciation 1,256 1 — 1,257 
Other3,760 77 511 4,348 
Total operating expenses24,476 946 1,327 26,749 
Other
Non-interest income6,285 1,270 922 8,477 
Investment securities gains, net285 — — 285 
Income taxes3,394 — (401)2,993 
Net income (loss)$14,252 $324 $(1,507)$13,069 
Segment assets$1,759,823 $18 $13,199 $1,773,040 
Three Months Ended June 30, 2025
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$23,886 $— $25 $23,911 
Interest expense6,914 — 855 7,769 
Net interest income16,972 — (830)16,142 
Release of credit losses(51)— — (51)
Operating expenses
Salaries and employee benefits6,089 333 281 6,703 
Occupancy, furniture and equipment expense1,382 23 1 1,405 
Processing, network, and bank card expense1,796 18 (371)1,443 
Legal, examination, and professional fees578 — (150)428 
Depreciation215 — — 215 
Other1,196 31 848 2,075 
Total operating expenses11,256 405 609 12,269 
Other
Non-interest income2,484 542 519 3,545 
Investment securities gains (losses), net— — (1)(1)
Income taxes1,559 — (192)1,367 
Net income (loss)$6,692 $137 $(729)$6,101 
Six Months Ended June 30, 2025
(dollars in thousands)Hawthorn BankWealth ManagementNon-BankTotal
Operating revenue
Interest income$47,313 $— $56 $47,369 
Interest expense14,224 — 1,709 15,933 
Net interest income33,089 — (1,653)31,436 
Release of credit losses(391)— — (391)
Operating expenses
Salaries and employee benefits12,310 665 640 13,615 
Occupancy, furniture and equipment expense2,170 38 1 2,209 
Processing, network, and bank card expense2,808 36 — 2,844 
Legal, examination, and professional fees738 — 183 921 
Depreciation1,140 — — 1,140 
Other3,540 46 453 4,039 
Total operating expenses22,706 785 1,277 24,768 
Other
Non-interest income5,072 1,054 882 7,008 
Investment securities gains (losses), net(2)— (1)(3)
Income taxes3,011 — (431)2,580 
Net income (loss)$12,833 $269 $(1,618)$11,484 
Segment assets$1,871,265 $20 $6,132 $1,877,417