Core Insights - Bob Regnier has been appointed as an advisory member of the Board of Directors for both Hawthorn Bank and its parent company, Hawthorn Bancshares, Inc. [1][2] - Regnier will play a significant role in providing strategic advice and enhancing the bank's community banking model in the Kansas City metro area [2][4] - The addition of Regnier reflects Hawthorn Bank's commitment to innovative banking solutions and community engagement [4][6] Company Overview - Hawthorn Bancshares, Inc. is a financial-bank holding company based in Jefferson City, Missouri, with nearly $2 billion in assets [6] - The bank has been operational for over 150 years, offering personal and business banking solutions across various Missouri communities [6] Recent Developments - Hawthorn Bank recently opened a new banking center in Clay County, aimed at serving the Kansas City Northland [5]

Earnings - The company reported net income of $4.6 million for the second quarter of 2024, an increase of $0.2 million or 3.9% from the prior quarter, and an increase of $2.1 million or 81.6% from the second quarter of 2023 [13][25] - Earnings per diluted share (EPS) for the second quarter 2024 was $0.66, compared to $0.63 for the prior quarter and $0.36 for the prior year quarter [13][41] Financial Summary - Total interest income for the second quarter 2024 was $23.6 million, while total interest expense was $9.4 million, resulting in net interest income of $14.2 million [40] - Non-interest income for the second quarter 2024 was $4.0 million, an increase of $1.0 million or 32.3% from the prior quarter, and an increase of $2.4 million or 150.3% from the prior year quarter [16][40] - Total non-interest expense for the second quarter 2024 was $12.0 million, a decrease of $0.5 million or 4.3% from the prior quarter [31] Asset Quality - The allowance for credit losses at June 30, 2024 was $22.0 million, or 1.47% of outstanding loans, and 495.38% of non-performing loans [6][36] - Non-performing loans totaled $4.4 million at June 30, 2024, a decrease from $8.5 million at March 31, 2024, and an increase from $3.8 million at June 30, 2023 [18] Capital Ratios - As of June 30, 2024, the total risk-based capital ratio was 14.30%, and the Tier 1 risk-based capital ratio was 12.94% [9][36] - The company maintains a "well capitalized" regulatory capital position [36] Deposits - Total deposits at June 30, 2024 were $1.6 billion, an increase of $22.4 million or 1.5% from March 31, 2024 [19] - The average cost of deposits was 2.69% for the second quarter 2024, compared to 2.61% for the prior quarter [29]

Financial Performance - The company reported net income of $4.6 million for the second quarter of 2024, an increase of $0.2 million or 3.9% from the prior quarter, and an increase of $2.1 million or 81.6% from the same quarter in the previous year [8][22] - Earnings per diluted share (EPS) for the second quarter 2024 was $0.66, compared to $0.63 in the prior quarter and $0.36 in the prior year quarter [8][22] - Net interest income for the second quarter 2024 was $14.2 million, a decrease of $0.6 million from the prior quarter, and a decrease of $0.03 million from the prior year quarter [16][17] Asset Quality - The allowance for credit losses at June 30, 2024 was $22.0 million, or 1.47% of outstanding loans, and 495.38% of non-performing loans [2][42] - Non-performing loans totaled $4.4 million at June 30, 2024, a decrease from $8.5 million at March 31, 2024, and an increase from $3.8 million at June 30, 2023 [34] Deposits and Loans - Total deposits at June 30, 2024 were $1.6 billion, an increase of $22.4 million or 1.5% from March 31, 2024, and an increase of $7.0 million or 0.5% from June 30, 2023 [11] - Loans held for investment decreased by $20.3 million or 1.3% to $1.5 billion as of June 30, 2024 compared to March 31, 2024, and decreased by $64.7 million or 4.1% from June 30, 2023 [26] Non-Interest Income and Expenses - Total non-interest income for the second quarter 2024 was $4.0 million, an increase of $1.0 million or 32.3% from the prior quarter, and an increase of $2.4 million or 150.3% from the prior year quarter [10] - Total non-interest expense for the second quarter 2024 was $12.0 million, a decrease of $0.5 million or 4.3% from the prior quarter, and a decrease of $0.7 million or 5.4% from the prior year quarter [19] Capital and Efficiency Ratios - The efficiency ratio for the second quarter was 66.2%, compared to 70.8% in the prior quarter and 80.5% in the prior year quarter [25] - The company maintains a "well capitalized" regulatory capital position, with total risk-based capital to risk-weighted assets at 14.30% as of June 30, 2024 [37][41]

Core Viewpoint - Hawthorn Bancshares, Inc. has announced a quarterly cash dividend of $0.19 per common share, reflecting the company's ongoing commitment to returning value to its shareholders [2]. Group 1: Company Overview - Hawthorn Bancshares, Inc. is a financial-bank holding company based in Jefferson City, Missouri, and operates Hawthorn Bank with multiple locations across various Missouri communities [1]. Group 2: Dividend Announcement - The Board of Directors of Hawthorn Bancshares, Inc. approved a quarterly cash dividend of $0.19 per common share, which will be payable on October 1, 2024, to shareholders of record as of September 15, 2024 [2].

Exhibit 99.1 (unaudited) Hawthorn Bancshares Reports Second Quarter 2024 Results Financial Summary Jefferson City, MO — July 30, 2024 — Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the "Company"), the bank holding company for Hawthorn Bank, reported second quarter 2024 net income of $4.6 million and earnings per diluted share ("EPS") of $0.66. Second Quarter 2024 Results | $000, except per share data | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | June 30, | | March 31, | | June 30, | | | | 20 ...

JEFFERSON CITY, Mo., June 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hawthorn Bancshares, Inc. of Jefferson City, MO (NASDAQ: HWBK) announced that at the Company's June 4, 2024 Annual Meeting of Shareholders, Frank E. Burkhead, Brent M. Giles, Jonathan L. States and Gus S. Wetzel, III were re-elected as Class II directors to serve three-year terms expiring 2027. Other members of the 12-member Board include Gregg A. Bexten, Kathleen L. Bruegenhemke, Douglas T. Eden, Philip D. Freeman, Shawna M. H ...

Company Overview - Hawthorn Bancshares, Inc. is a financial-bank holding company headquartered in Jefferson City, Missouri, and is the parent company of Hawthorn Bank with multiple locations across Missouri [2]. Board of Directors - At the Annual Meeting of Shareholders on June 4, 2024, four directors were re-elected as Class II directors for three-year terms expiring in 2027: Frank E. Burkhead, Brent M. Giles, Jonathan L. States, and Gus S. Wetzel, III [6]. - The Board of Directors consists of 12 members, including Gregg A. Bexten, Kathleen L. Bruegenhemke, Douglas T. Eden, Philip D. Freeman, Shawna M. Hettinger, Jonathan D. Holtaway, Kevin L. Riley, and David T. Turner [1]. Advisory Directorate - The advisory directorate includes Charles G. Dudenhoeffer and Dr. Gus S. Wetzel, II [1]. Management - Brent M. Giles serves as the Chief Executive Officer and has been a director since 2023 [3]. - Frank E. Burkhead has been a director since 2014 and is co-owner of Burkhead & Associates, LLC [3]. - Jonathan L. States has been a director since 2022 and is a member/owner of Little Dixie Construction [3]. - Gus S. Wetzel, III has been a director since 2018 and owns Meadows Contracting, LLC and Meadows Development Company [3]. Financial Oversight - Shareholders approved the appointment of FORVIS, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024 [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ______________ Commission file number: 0-23636 HAWTHORN BANCSHARES, INC. (Exact name of registrant as specified in its charter) incorporatio ...

JEFFERSON CITY, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ:HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.19 per common share, payable July 1, 2024 to shareholders of record at the close of business on June 15, 2024, which represents an increase of $0.02 per common share from the prior quarter's dividend. About Hawthorn Bancshares, Inc. Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Misso ...

JEFFERSON CITY, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ:HWBK), (the "Company"), the bank holding company for Hawthorn Bank, reported first quarter 2024 net income of $4.5 million and earnings per diluted share ("EPS") of $0.63. First Quarter 2024 Results Net income of $4.5 million, or $0.63 per diluted share, an increase of 34.0% per diluted share from the first quarter 2023 (the "prior year quarter")Net interest margin, fully taxable equivalent ("FTE") of 3.39%Return on av ...