TURNER DAVID T reported acquisition or exercise transactions in this Form 4 filing.
HAWTHORN BANCSHARES, INC. director David T. Turner received a grant of 500 shares of Common Stock on June 2, 2026, structured as restricted stock units under the company’s Equity Incentive Plan at a price of $0.00 per share. These RSUs will fully vest on June 2, 2027, subject to his continued service through that date.
Following this filing, Turner holds 50,341.025 shares of Common Stock directly and 63,410.040 shares indirectly through a Profit Sharing Trust. The indirect and direct holdings also reflect shares accumulated since the prior report under the company’s dividend reinvestment (DRIP) program.
Eden Douglas Todd reported acquisition or exercise transactions in this Form 4 filing.
Hawthorn Bancshares director Eden Douglas Todd received an equity award of 500 restricted stock units (RSUs) that can be settled only in shares of common stock. The award was granted under the Hawthorn Bancshares, Inc. Equity Incentive Plan at a grant price of $0.00 per share.
The RSUs will fully vest on June 2, 2027, if Todd continues in service through that date. Following the reported positions, he holds 23,174 shares of common stock directly, with additional indirect holdings through a wife’s trust, a son, and a separate trust.
HAWTHORN BANCSHARES, INC. director James Grant Burcham has filed an initial Form 3, which is a statement of beneficial ownership for insiders. The filing data provided shows no reported common stock or derivative transactions, with all buy, sell, and exercise counts listed as zero.
Hawthorn Bancshares, Inc. reported first-quarter 2026 net income of $5.7 million, up from $5.4 million a year earlier, as higher net interest income more than offset slightly higher operating costs. Basic and diluted earnings per share were $0.83, compared with $0.77 in the prior-year quarter.
Total assets were $1.86 billion at March 31, 2026, down modestly from $1.89 billion at December 31, 2025, as loans held for investment declined to $1.45 billion and deposits decreased to $1.52 billion. Credit quality remained stable, with total non-performing loans of $6.8 million and an allowance for credit losses on loans of $20.9 million.
Other comprehensive income swung to a loss as rising rates drove a $2.9 million decline in accumulated other comprehensive income, mainly from unrealized losses on available-for-sale securities. The company continued capital returns, repurchasing 12,000 shares for $0.4 million and declaring common dividends of $0.21 per share. It also highlighted an effective $150 million universal shelf registration and, after quarter-end, signed a definitive agreement to acquire FSC Bancshares, Inc. and Farmers State Bank in a cash-and-stock transaction.
Hawthorn Bancshares, Inc. filed an amended report to revise its preliminary first‑quarter 2026 results after reclassifying a $1.2 million gain on a March 2026 sale‑leaseback as a financing obligation. This change reduced previously reported net income by $1.1 million and cut earnings per share by $0.15 for the quarter.
For the final first‑quarter 2026 figures, Hawthorn reported net income of $5.7 million, or diluted EPS of $0.83, up from $0.77 a year earlier. Net interest margin (fully tax‑equivalent) improved to 4.07% from 3.67% in the prior‑year quarter, while the efficiency ratio improved to 64.29% from 66.64%. Loans and deposits declined modestly from the prior quarter, but credit quality indicators remained solid, with non‑performing assets at 0.47% of loans and total risk‑based capital at 15.84%, keeping the bank in a well‑capitalized position.
HAWTHORN BANCSHARES, INC. chief executive officer Brent M. Giles reported a stock award of 6,849 shares of Common Stock at no cost, classified as a grant or award acquisition. This increased his direct holdings to 20,143.6504 shares of Common Stock.
He also reports indirect ownership of 27,841.9515 shares through a trust and 6,899.2160 shares through a Profit Sharing Trust. A portion of his direct position consists of 35.6504 shares and unvested restricted stock units under the Hawthorn Bancshares, Inc. Equity Incentive Plan, with RSUs scheduled to vest in tranches from June 2026 through May 2029.
Hawthorn Bancshares, Inc. is acquiring FSC Bancshares, Inc., parent of Farmers State Bank, in a cash and stock transaction valued at approximately $28.3 million based on Hawthorn’s share price of $34.57 on April 28, 2026.
FSC shareholders will receive 413,101 shares of Hawthorn common stock and $14.0 million in cash, plus cash in lieu of fractional shares. Based on March 31, 2026 data, the combined company is expected to have about $2.2 billion in assets, $1.7 billion in loans and $1.9 billion in deposits, adding roughly $384 million of assets and nine branches in northern Missouri.
Hawthorn expects the deal to increase earnings per share by about 20% on a fully phased-in basis, with tangible book value dilution of roughly 9.8% and an earnback period of about three years. The merger, unanimously approved by both boards, is expected to close in the third quarter of 2026, subject to shareholder and regulatory approvals and other customary conditions.
Hawthorn Bancshares, Inc. appointed Grant T. Burcham to the boards of both the Company and its subsidiary Hawthorn Bank, effective April 29, 2026. He was elected as a Class III director and will serve until the Company’s 2028 annual meeting of shareholders, continuing until a successor is elected.
The boards increased their size by one seat each to add Burcham. The Company states there is no arrangement or understanding with any person regarding his selection and no related-party transactions requiring disclosure. Burcham is an experienced Kansas City–based investor and former community banking leader with more than three decades of executive experience.
Hawthorn Bancshares reported strong first quarter 2026 results and announced a cash dividend. Net income was $6.8 million, up 25.9% from a year earlier, with diluted EPS rising to $0.98. Return on average assets was 1.49% and return on average equity was 15.41%, reflecting improved profitability.
Net interest income was $17.1 million and the net interest margin (FTE) improved to 4.07%, while the efficiency ratio strengthened to 60.46%. Loans were $1.45 billion and deposits $1.52 billion as of March 31, 2026, with non-performing assets at 0.47% of loans and the bank remaining well capitalized, including a total risk-based capital ratio of 15.91%.
The Board approved a quarterly cash dividend of $0.21 per common share, payable July 1, 2026 to shareholders of record on June 15, 2026, underscoring ongoing capital return to shareholders.