Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information, by Segment

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 months ended March 31, 2026 and 2025, respectively:























	Three Months Ended March 31, 2026
(dollars in thousands)	Hawthorn Bank		Wealth Management		Non-Bank		Total

Operating revenue
Interest income	$	24,369	$	—	$	25	$	24,394
Interest expense	6,520		—		772		7,292
Net interest income	17,849		—		(747)		17,102
Provision for credit losses	73		—		—		73
Operating expenses
Salaries and employee benefits	6,340		230		244		6,814
Occupancy, furniture and equipment expense	1,341		21		(40)		1,322
Processing, network, and bank card expense	1,365		53		—		1,418
Legal, examination, and professional fees	647		—		155		802
Depreciation	439		—		—		439
Other	1,974		29		205		2,208
Total operating expenses	12,106		333		564		13,003
Other
Non-interest income	2,106		616		379		3,101
Investment securities losses, net	5		—		—		5
Income taxes	1,585		—		(196)		1,389
Net income (loss)	$	6,196	$	283	$	(736)	$	5,743

Segment assets	$	1,842,782	$	18	$	13,060	$	1,855,860























	Three Months Ended March 31, 2025
(dollars in thousands)	Hawthorn Bank		Wealth Management		Non-Bank		Total

Operating revenue
Interest income	$	23,432	$	—	$	26	$	23,458
Interest expense	7,312		—		852		8,164
Net interest income	16,120		—		(826)		15,294
Provision for (release of) credit losses	(340)		—		—		(340)
Operating expenses
Salaries and employee benefits	6,397		156		359		6,912
Occupancy, furniture and equipment expense	1,178		15		—		1,193
Processing, network, and bank card expense	1,383		18		—		1,401
Legal, examination, and professional fees	396		—		97		493
Depreciation	535		—		—		535
Other	1,739		15		211		1,965
Total operating expenses	11,628		204		667		12,499
Other
Non-interest income	2,591		512		360		3,463
Investment securities gains (losses), net	(2)		—		—		(2)
Income taxes	1,450		—		(237)		1,213
Net income (loss)	$	5,971	$	308	$	(896)	$	5,383

Segment assets	$	1,871,281	$	4	$	12,138	$	1,883,423