Hawthorn Bancshares, Inc.
hawthornbancshares.comWhat Do They Do?
Provides deposit accounts, loans and other banking services, plus financial and investment planning and trust services, to individuals and business owners.
10-K for FY2025, filed Mar 5, 2026The Bank is a full service bank and, through the Bank segment, conducts a general banking business, offering its customers checking and…View ↗
How Do They Make Money?
The Bank earns interest and fees on loans and other interest-earning assets, alongside fees from deposit accounts and card transactions. Transaction charges arise when an event occurs, account-maintenance fees are monthly, and wealth-management fees for managing assets are monthly.
10-K for FY2025, filed Mar 5, 2026The primary source of earnings for the Bank is net interest income. To be profitable, the Bank has to earn more money in interest and fees…View ↗
The majority of the Company's revenue-generating transactions are not subject to ASC 606, including revenue generated from financial…View ↗
Service charges and other fees consist of revenue generated from deposit account related service charges and fees, overdraft fees and other…View ↗
$97.7M
-
10-K for FY2025, filed Mar 5, 2026
$97.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bank
Mix
10-K for FY2025, filed Mar 5, 2026 |
100% |
Bank, FY2025
$97.6M Sources
|
Mix |
|
Wealth Management
Recurring
|
0.0% |
Wealth Management, FY2025
$0 Sources
|
Recurring |
Who Are Their Customers?
Individuals and business owners use the Bank's deposit accounts, lending, financial and investment planning, and trust services.
10-K for FY2025, filed Mar 5, 2026The Bank is a full service bank and, through the Bank segment, conducts a general banking business, offering its customers checking and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 24 cents of every revenue dollar as net income in FY2025 and turned 23 cents into free cash flow.
10-K for FY2025, filed Mar 5, 2026
How Are They Changing?
-
Sep 4, 2026
Completed merger with FSC Bancshares and Farmers State Bank
Farmers State Bank merged into Hawthorn Bank; conversion of its customers is anticipated in the first quarter of 2027.
Sources
8-K, filed Sep 4, 2026
The combined company now has total assets of approximately $2.2 billion. With the acquisition complete, Hawthorn Bank will initiate the…View ↗
-
Apr 29, 2026
Agreed to acquire FSC Bancshares
The proposed transaction was a cash-and-stock acquisition.
Sources
8-K, filed Apr 29, 2026
On April 29, 2026, Hawthorn Bancshares, Inc., a Missouri corporation (“HBI”), entered into an Agreement and Plan of Reorganization (the…View ↗
Growing. Revenue grew 52% in 4 years, from $64.5M in FY2021 to $97.7M in FY2025, about 11% a year.
Separate wealth management
The older report placed trust services within the Bank's general offerings. The latest report separates Wealth Management and describes financial and investment planning alongside trust services.
10-K for FY2022, filed Mar 29, 2023 10-K for FY2025, filed Mar 5, 2026The Bank is a full service bank conducting a general banking and trust business, offering its customers checking and savings accounts…View ↗
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