Hawthorn Bancshares Inc (NASDAQ: HWBK) is a bank holding company that operates through its subsidiary bank to provide commercial and consumer banking services. It makes money primarily through net interest income on loans and deposits, with lending activity concentrated in central, west central, and southwest Missouri, as well as the Kansas City MSA. The loan portfolio is diversified across borrower types with no disclosed undue concentration in any single industry, though geographic concentration in Missouri creates exposure to local economic conditions. As of March 2, 2026, the company had 7,554,893 shares of common stock outstanding. The 10-K filed March 5, 2026 covers the fiscal year ended December 31, 2025. Hawthorn Bancshares is a community banking institution, competing against other regional and community banks serving Missouri markets.

Revenue model

Net interest income from loans extended to borrowers in Missouri markets, supplemented by fee-based banking services. The bank earns a spread between interest paid on deposits and interest received on loans.

Products and services

Commercial and consumer loans, deposit accounts, and related banking services provided through Hawthorn Bank.

Customers and end markets

Individual consumers and businesses located primarily in central, west central, and southwest Missouri, and the Kansas City MSA.

Value-chain role

Community bank and bank holding company. Accepts deposits and originates loans directly to end borrowers.

Geographic exposure

Concentrated in central, west central, and southwest Missouri, and the Kansas City MSA, as disclosed in the 10-K filed 2026-03-05.

Source: SEC 10-K, filed 2026-03-05

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