Date of report
(Date of earliest event reported):
July 27, 2017
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Commission File
Number:
0-23636
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Hawthorn Bancshares,
Inc.
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Missouri
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43-1626350
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(State or other
jurisdiction of incorporation or organization)
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(IRS Employer
Identification No.)
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132 East High Street, PO Box 688, Jefferson City, Missouri
65102
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573-761-6117
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Not Applicable
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[ ] Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Emerging growth
company [ ]
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If an emerging
growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ ]
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SIGNATURES
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Hawthorn
Bancshares, Inc.
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|
|
|
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Date:
July 27, 2017
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By:
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David T. Turner
Name: David T.
Turner
Title: Chairman, CEO &
President
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Exhibit No.
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Description
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EX-99.1
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Hawthorn
Bancshares Reports Second Quarter 2017 Financial
Results.
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Three Months Ended
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||
Statement of income information:
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June 30,
2017
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March 31,
2017
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June 30,
2016
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Total
interest income
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$12,681
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$12,099
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$11,350
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Total
interest expense
|
1,861
|
1,612
|
1,379
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Net
interest income
|
10,820
|
10,487
|
9,971
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Provision
for loan losses
|
330
|
350
|
425
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Noninterest
income
|
2,099
|
2,407
|
1,949
|
Noninterest
expense
|
9,687
|
9,351
|
9,353
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Pre-tax
income
|
2,902
|
3,193
|
2,142
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Income
taxes
|
983
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1,093
|
730
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Net
income
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$1,919
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$2,100
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$1,412
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Earnings per share:
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|
|
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Basic:
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$0.33
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$0.36
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$0.24
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Diluted:
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$0.33
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$0.36
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$0.24
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Statement of income information:
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For the Six Months Ended
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|
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June 30,
2017
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June 30,
2016
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Total
interest income
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$24,781
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$22,527
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Total
interest expense
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3,474
|
2,708
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Net
interest income
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21,307
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19,819
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Provision
for loan losses
|
680
|
675
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Noninterest
income
|
4,506
|
4,397
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Noninterest
expense
|
19,037
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18,436
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Pre-tax
income
|
6,096
|
5,105
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Income
taxes
|
2,076
|
1,695
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Net
income
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$4,020
|
$3,410
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Earnings per share:
|
|
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Basic:
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$0.69
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$0.58
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Diluted:
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$0.69
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$0.58
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Key financial ratios:
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June 30,
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March 31,
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June 30,
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December 31,
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2017
|
2017
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2016
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2016
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Return
on average assets (YTD)
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0.61%
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0.65%
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0.56%
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0.58%
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Return
on average common equity (YTD)
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8.65%
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9.23%
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7.62%
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7.97%
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June
30,
2017
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March
31,
2017
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June
30,
2016
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December
31,
2016
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Allowance
for loan losses to total loans
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1.02%
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1.02%
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1.02%
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1.01%
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Nonperforming
loans to total loans
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0.97%
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0.93%
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1.02%
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0.95%
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Nonperforming
assets to loans
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|
|
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and
foreclosed assets
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2.23%
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2.24%
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2.63%
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2.37%
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Allowance
for loan losses to
|
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|
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nonperforming
loans
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105.36%
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109.70%
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99.37%
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107.35%
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Allowance
for loan losses to nonperforming
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loans
- excluding performing TDRs
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223.27%
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288.50%
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257.03%
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282.94%
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Balance sheet information:
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June 30,
2017
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March 31,
2017
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June 30,
2016
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December 31,
2016
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Loans,
net of allowance for loan losses
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$1,024,475
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$999,920
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$913,550
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964,143
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Investment
securities
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227,151
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226,029
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244,194
|
224,308
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Total
assets
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1,383,550
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1,319,663
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1,265,724
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1,287,048
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Deposits
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1,082,687
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1,043,004
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1,005,241
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1,010,666
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Total
stockholders’ equity
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95,147
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93,077
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91,741
|
91,017
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Book
value per share
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$16.29
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$15.94
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$15.63
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15.52
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Market
price per share
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$20.95
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$20.29
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$13.26
|
17.02
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