HAWTHORN BANCSHARES, INC. HWBK Income Statement

Hawthorn bancshares, inc. (HWBK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Interest and fees on loans
14,422	-	-	-	14,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and fees on loans held for sale
5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and fees on loans
-	-	14,806	14,750	-	13,823	13,252	12,853	12,223	12,019	11,856	11,671	11,050	10,925	10,634	10,308	9,987	10,376	10,713	10,104	10,074	10,215	10,146	10,048	9,865	10,102	10,186	10,435	10,387	10,890	10,881	10,944	11,242	11,430	11,852	11,991	12,087	13,234	13,633
Interest on investment securities:
Taxable
813	767	831	1,025	1,000	1,032	1,089	1,046	947	981	785	737	754	940	754	831	938	890	872	890	902	794	845	874	881	904	873	910	905	882	1,016	1,085	1,117	1,129	1,237	1,342	1,154	1,054	1,118
Nontaxable
142	128	119	148	141	146	146	147	158	163	169	168	157	140	119	119	143	157	169	172	183	179	180	174	189	202	212	213	217	222	225	227	235	249	250	254	275	273	294
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks
326	227	103	193	602	199	205	189	106	124	84	11	48	12	19	17	32	14	3	8	13	6	5	9	8	2	6	15	14	3	6	16	21	58	0	0	0	0	0
Interest on interest-bearing deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	11	20	27	21
Dividends on other investments
100	72	66	68	66	-4	59	53	110	-68	42	94	90	-139	80	75	76	78	72	40	26	20	20	20	20	20	21	19	22	23	23	25	31	34	37	40	43	33	34
Total interest income
15,808	15,946	15,925	16,184	15,915	15,196	14,751	14,288	13,544	13,219	12,936	12,681	12,099	11,878	11,606	11,350	11,176	11,515	11,829	11,214	11,198	11,214	11,196	11,125	10,963	11,230	11,298	11,592	11,545	12,020	12,151	12,297	12,646	12,861	13,384	13,640	13,582	14,624	15,102
INTEREST EXPENSE
Interest on deposits:
Savings, interest checking and money market
947	1,025	1,047	1,454	1,716	1,534	1,468	1,347	1,084	783	682	475	389	286	291	287	295	232	241	247	250	218	229	254	267	222	238	253	261	-	265	328	-	-	-	-	-	-	-
Time deposit accounts $250,000 and over
413	349	475	621	665	-	391	296	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Time deposit accounts $250,000 and over
-	-	-	-	-	-	-	-	138	-	119	99	-	-	391	383	240	-	269	268	293	317	331	357	379	281	477	857	883	713	979	1,005	784	1,140	1,244	1,315	1,422	1,758	1,850
Savings, interest checking and money market
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	-	387	447	483	511	554
Time deposits
-	-	-	-	-	-	-	-	511	-	-	-	471	1,506	107	85	209	1,304	222	222	209	216	237	244	243	379	282	233	248	510	297	309	229	365	402	432	463	594	651
Time deposits
752	-	-	-	706	-	-	-	1,733	-	463	410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Time deposits
-	-	801	761	-	-	520	536	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense on deposits
2,112	2,132	2,323	2,836	3,087	-	2,379	2,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on federal funds purchased and securities sold under agreements to repurchase
37	29	34	44	33	77	166	189	171	35	29	27	22	13	13	15	23	27	12	9	8	8	5	4	4	7	7	5	5	4	7	5	5	8	13	12	13	19	19
Interest on Federal Home Loan Bank advances
632	639	619	538	542	476	314	332	395	409	440	419	322	306	282	243	207	210	202	164	147	139	120	104	104	106	106	109	99	129	135	133	134	136	212	326	399	527	-
Interest on subordinated notes
501	555	588	609	624	593	584	561	491	462	450	431	408	400	375	366	354	335	325	320	313	319	318	315	312	321	323	320	320	336	346	345	354	336	322	323	319	353	323
Total interest expense on borrowings
1,170	1,223	1,241	1,191	1,199	1,146	1,064	1,082	1,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowed money
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	590
Total interest expense
3,282	3,355	3,564	4,027	4,286	3,692	3,443	3,261	2,790	2,351	2,183	1,861	1,612	1,497	1,459	1,379	1,328	1,278	1,271	1,230	1,220	1,217	1,240	1,278	1,309	1,316	1,433	1,777	1,816	1,920	2,029	2,125	1,831	2,312	2,580	2,858	3,102	3,765	3,988
Net interest income
12,526	12,591	12,361	12,157	11,629	11,504	11,308	11,027	10,754	10,868	10,753	10,820	10,487	10,381	10,147	9,971	9,848	10,237	10,558	9,984	9,978	9,997	9,956	9,847	9,654	9,914	9,865	9,815	9,729	10,100	10,122	10,172	10,815	10,548	10,804	10,782	10,480	10,858	11,114
Provision for loan losses
3,300	300	450	250	150	475	250	450	300	530	555	330	350	450	300	425	250	0	0	250	0	0	0	0	0	30	0	1,000	1,000	1,000	4,700	1,500	1,700	5,879	2,010	1,883	1,750	2,450	2,150
Net interest income after provision for loan losses
9,226	12,291	11,911	11,907	11,479	11,029	11,058	10,577	10,454	10,338	10,198	10,490	10,137	9,931	9,847	9,546	9,598	10,237	10,558	9,734	9,978	9,997	9,956	9,847	9,654	9,884	9,865	8,815	8,729	9,100	5,422	8,672	9,115	4,669	8,794	8,899	8,730	8,408	8,964
NON-INTEREST INCOME
Service charges and other fees
-	-	-	-	-	-	-	-	-	-	-	-	836	-	882	828	834	879	903	864	831	540	979	939	1,285	-48	1,463	1,391	1,359	1,371	1,360	1,460	1,248	1,390	1,446	1,419	1,310	1,427	1,427
Bank card income and fees
-	-	-	-	-	-	-	-	-	-	-	-	614	-	593	648	634	607	632	629	587	-	621	616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust department income
-	-	-	-	-	-	-	-	-	-	-	-	274	-	216	265	218	216	235	274	204	202	211	228	203	198	179	209	210	223	234	224	212	265	209	228	195	186	200
Real estate servicing fees, net
-	-	-	-	-	-	-	-	-	-	-	-	453	-	-4	-86	54	215	177	186	-5	34	86	22	177	116	338	263	159	-104	-62	-8	-279	-	-	-	-	-	-
Gain on sale of mortgage loans, net
419	272	215	179	105	128	205	242	146	172	225	218	155	198	266	222	165	284	322	434	346	315	330	257	191	429	175	620	720	897	779	475	518	755	431	215	246	1,011	297
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	18	472	0	0	8	0	-	-	-	-	224	0	260	294	-	26	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-
Other
45	61	55	50	52	58	50	26	36	54	56	67	75	54	61	54	71	181	67	66	24	-74	86	121	229	-795	292	345	265	246	343	292	271	146	271	314	300	284	524
Total non-interest income
2,248	2,301	2,424	2,121	2,091	2,372	2,364	2,390	2,215	2,263	2,181	2,099	2,407	1,793	2,125	1,949	2,448	2,382	2,336	2,461	1,987	2,168	2,313	2,183	2,085	2,324	2,447	3,088	3,007	2,633	2,680	2,443	1,970	2,612	2,357	2,178	2,052	2,910	2,450
Investment securities (losses) gains, net
-1	-1	-40	0	1	-1	50	108	98	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch sale, net
0	0	109	0	2,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch sale, net
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NON-INTEREST EXPENSE
Salaries and employee benefits
6,121	5,377	5,366	5,416	5,438	5,691	5,543	5,813	6,057	5,443	5,502	5,336	5,438	5,084	5,063	5,305	5,350	4,993	5,320	5,175	5,304	4,805	5,582	4,960	5,030	4,947	4,863	4,822	4,910	4,700	4,761	4,898	4,806	4,466	4,505	4,333	4,677	4,256	4,550
Occupancy expense, net
766	774	909	741	698	794	749	725	689	755	719	689	619	714	730	673	634	727	685	717	663	663	705	672	620	658	695	642	635	645	666	641	646	742	735	584	638	654	604
Furniture and equipment expense
695	681	671	686	809	896	785	685	635	687	764	634	598	495	438	439	411	465	464	484	431	489	438	453	443	568	474	530	435	438	431	468	503	536	467	509	506	472	534
Processing, network, and bank card expense
976	1,015	893	973	1,001	895	841	889	859	840	831	927	1,045	819	878	840	772	961	806	807	789	873	780	791	759	910	749	734	1,275	926	888	1,011	768	771	787	812	822	853	856
Legal, examination, and professional fees
367	262	316	304	329	311	289	201	422	380	331	317	280	363	277	328	333	378	332	339	272	310	341	282	226	255	207	294	226	-	284	259	-	-	-	-	-	-	-
FDIC insurance assessment
-	-	-	-	-	-	-	-	-	-	106	115	101	7	196	188	176	194	175	258	240	209	244	242	238	239	253	257	243	241	249	259	244	-23	255	396	478	442	435
Legal, examination, and professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	337	-	286	307	490	348	336
Advertising and promotion
249	373	343	282	258	393	297	291	252	409	342	265	239	349	283	242	209	331	273	270	237	423	305	256	290	394	310	316	281	333	288	218	244	329	272	269	232	311	296
Postage, printing, and supplies
241	221	181	259	210	248	256	224	268	235	215	252	223	246	244	291	237	327	250	272	271	304	268	280	265	355	308	291	256	327	274	279	264	322	271	295	268	299	286
Real estate foreclosure expense (gains), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	42	141	129	-329	158	-181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate foreclosure expense and (gains), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	172	124	-	1,265	351	2,821	-	1,725	926	-	-	-	-	-	-	-
Other real estate expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	581	-	523	548	492	882	1,506
Other
1,033	879	911	1,010	1,145	967	1,168	1,115	1,084	1,571	956	1,152	808	1,441	927	1,005	820	1,037	1,001	787	682	523	875	703	712	763	848	1,044	852	1,365	812	1,139	1,087	1,145	824	950	770	842	913
Total non-interest expense
10,448	9,582	9,590	9,671	9,888	10,195	9,928	9,943	10,266	9,998	9,766	9,687	9,351	9,286	9,085	9,353	9,083	9,542	8,977	9,267	8,708	9,090	9,899	8,811	8,707	9,576	9,972	9,281	11,934	8,711	10,378	10,098	9,480	9,534	8,925	9,008	9,377	9,365	10,319
Income before income taxes
1,025	5,009	4,814	4,357	5,757	3,205	3,544	3,132	2,501	2,608	2,613	2,902	3,193	3,040	2,887	2,142	2,963	3,077	3,917	2,928	3,257	3,075	2,370	3,219	3,032	2,632	2,340	2,622	-198	3,022	-2,276	1,017	1,605	-	-	-	-	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,226	2,069	1,404	1,953	1,094
Income tax expense
157	941	954	837	1,091	586	446	225	411	4,979	847	983	1,093	1,052	1,003	730	965	1,082	1,378	1,001	1,119	1,074	802	1,121	1,045	903	771	810	-62	819	-704	277	154	-1,232	711	661	451	531	312
Net income
868	4,068	3,860	3,520	4,666	2,619	3,098	2,907	2,090	-2,371	1,766	1,919	2,100	1,988	1,884	1,412	1,998	1,995	2,539	1,927	2,138	2,001	1,568	2,098	1,987	1,729	1,569	1,812	-136	2,203	-1,572	740	1,450	-1,020	1,515	1,408	953	1,422	782
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	228	295	370	382	378	382	369	378	382
Accretion of discount on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	396	-	-	-	-	-	-	-
Accretion of discount on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	-	119	119	119	119	119
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	320	295	303	300	692	489	-	-	-	-	-	-
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,729	1,569	1,492	-431	1,900	-1,872	47	961	-1,521	1,018	906	464	924	280
Basic earnings per share (in dollars per share)
0.14	0.65	0.62	0.56	0.74	0.41	0.49	0.46	0.35	-0.43	0.29	0.32	0.36	0.28	0.32	0.24	0.35	0.28	0.45	0.34	0.39	0.29	0.29	0.39	0.38	0.30	0.30	0.29	-0.09	0.36	-0.37	0.01	0.20	-0.33	0.21	0.19	0.10	0.20	0.06
Diluted earnings per share (in dollars per share)
0.14	0.65	0.62	0.56	0.74	0.41	0.49	0.46	0.35	-0.43	0.29	0.32	0.36	0.28	0.32	0.24	0.35	0.28	0.45	0.34	0.39	0.29	0.29	0.39	0.38	0.30	0.30	0.29	-0.09	0.36	-0.37	0.01	0.20	-0.33	0.21	0.19	0.10	0.20	0.06
Service charges and other fees
Income from fees
799	911	953	885	862	977	942	941	876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank card income and fees
Income from fees
693	779	794	793	695	690	699	709	656	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust department income
Income from fees
379	277	371	296	293	299	276	311	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate servicing fees, net
Income from fees
-87	1	36	-82	84	220	192	161	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-