Hawthorn Bancshares Inc (HWBK) - Net Assets
Based on the latest financial reports, Hawthorn Bancshares Inc (HWBK) has net assets worth $174.23 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.89 Billion) and total liabilities ($1.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HWBK cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $174.23 Million |
| % of Total Assets | 9.19% |
| Annual Growth Rate | 5.14% |
| 5-Year Change | 16.97% |
| 10-Year Change | 91.42% |
| Growth Volatility | 10.0 |
Hawthorn Bancshares Inc - Net Assets Trend (1996–2025)
This chart illustrates how Hawthorn Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Also explore HWBK total assets for the complete picture of this company's asset base.
Annual Net Assets for Hawthorn Bancshares Inc (1996–2025)
The table below shows the annual net assets of Hawthorn Bancshares Inc from 1996 to 2025. For live valuation and market cap data, see Hawthorn Bancshares Inc (HWBK) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $174.23 Million | +16.50% |
| 2024-12-31 | $149.55 Million | +9.89% |
| 2023-12-31 | $136.09 Million | +6.81% |
| 2022-12-31 | $127.41 Million | -14.46% |
| 2021-12-31 | $148.96 Million | +14.06% |
| 2020-12-31 | $130.59 Million | +13.52% |
| 2019-12-31 | $115.04 Million | +15.72% |
| 2018-12-31 | $99.41 Million | +8.80% |
| 2017-12-31 | $91.37 Million | +0.39% |
| 2016-12-31 | $91.02 Million | +4.27% |
| 2015-12-31 | $87.29 Million | +8.34% |
| 2014-12-31 | $80.57 Million | +8.32% |
| 2013-12-31 | $74.38 Million | -19.35% |
| 2012-12-31 | $92.22 Million | -10.10% |
| 2011-12-31 | $102.58 Million | +1.07% |
| 2010-12-31 | $101.49 Million | -5.83% |
| 2009-12-31 | $107.77 Million | +1.27% |
| 2008-12-31 | $106.42 Million | -4.30% |
| 2007-12-31 | $111.20 Million | +5.96% |
| 2006-12-31 | $104.94 Million | +8.49% |
| 2005-12-31 | $96.73 Million | +5.41% |
| 2004-12-31 | $91.77 Million | +4.54% |
| 2003-12-31 | $87.78 Million | +5.98% |
| 2002-12-31 | $82.83 Million | +5.71% |
| 2001-12-31 | $78.35 Million | +6.48% |
| 2000-12-31 | $73.58 Million | +31.52% |
| 1999-12-31 | $55.95 Million | +21.33% |
| 1998-12-31 | $46.11 Million | +6.97% |
| 1997-12-31 | $43.11 Million | +5.96% |
| 1996-12-31 | $40.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hawthorn Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 178.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $107.86 Million | 61.91% |
| Common Stock | $7.55 Million | 4.34% |
| Other Comprehensive Income | $-3.61 Million | -2.07% |
| Other Components | $62.42 Million | 35.83% |
| Total Equity | $174.23 Million | 100.00% |
Hawthorn Bancshares Inc Competitors by Market Cap
The table below lists competitors of Hawthorn Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACELYRIN, INC. Common Stock
NASDAQ:SLRN
|
$229.17 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$229.20 Million |
|
Squirrel Media SA
MC:SQRL
|
$229.27 Million |
|
Solar A/S
CO:SOLAR-B
|
$229.40 Million |
|
Medallion Metals Ltd
AU:MM8
|
$229.06 Million |
|
Shin Yang Shipping Corporation Bhd
KLSE:5173
|
$228.85 Million |
|
Rubellite Energy Inc
TO:RBY
|
$228.84 Million |
|
Steyr Motors AG
VI:4X0
|
$228.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hawthorn Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 149,547,000 to 174,229,000, a change of 24,682,000 (16.5%).
- Net income of 23,801,000 contributed positively to equity growth.
- Dividend payments of 5,426,000 reduced retained earnings.
- Share repurchases of 2,861,000 reduced equity.
- Other comprehensive income increased equity by 8,830,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.80 Million | +13.66% |
| Dividends Paid | $5.43 Million | -3.11% |
| Share Repurchases | $2.86 Million | -1.64% |
| Other Comprehensive Income | $8.83 Million | +5.07% |
| Other Changes | $338.00K | +0.19% |
| Total Change | $- | 16.50% |
Book Value vs Market Value Analysis
This analysis compares Hawthorn Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.61x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $7.27 | $33.50 | x |
| 1997-12-31 | $7.70 | $33.50 | x |
| 1998-12-31 | $8.24 | $33.50 | x |
| 1999-12-31 | $9.96 | $33.50 | x |
| 2000-12-31 | $10.59 | $33.50 | x |
| 2001-12-31 | $10.53 | $33.50 | x |
| 2002-12-31 | $11.23 | $33.50 | x |
| 2003-12-31 | $12.05 | $33.50 | x |
| 2004-12-31 | $12.63 | $33.50 | x |
| 2005-12-31 | $13.30 | $33.50 | x |
| 2006-12-31 | $14.43 | $33.50 | x |
| 2007-12-31 | $15.23 | $33.50 | x |
| 2008-12-31 | $14.79 | $33.50 | x |
| 2009-12-31 | $15.05 | $33.50 | x |
| 2010-12-31 | $14.17 | $33.50 | x |
| 2011-12-31 | $14.32 | $33.50 | x |
| 2012-12-31 | $12.87 | $33.50 | x |
| 2013-12-31 | $10.38 | $33.50 | x |
| 2014-12-31 | $11.25 | $33.50 | x |
| 2015-12-31 | $11.72 | $33.50 | x |
| 2016-12-31 | $12.27 | $33.50 | x |
| 2017-12-31 | $12.39 | $33.50 | x |
| 2018-12-31 | $13.55 | $33.50 | x |
| 2019-12-31 | $15.67 | $33.50 | x |
| 2020-12-31 | $17.93 | $33.50 | x |
| 2021-12-31 | $20.81 | $33.50 | x |
| 2022-12-31 | $18.04 | $33.50 | x |
| 2023-12-31 | $19.33 | $33.50 | x |
| 2024-12-31 | $21.36 | $33.50 | x |
| 2025-12-31 | $24.90 | $33.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hawthorn Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.23%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.88x
- Recent ROE (13.66%) is above the historical average (7.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 9.45% | 31.84% | 0.04x | 6.98x | $-225.54K |
| 1997 | 8.95% | 26.51% | 0.03x | 10.46x | $-454.62K |
| 1998 | 9.44% | 21.13% | 0.04x | 9.95x | $-258.58K |
| 1999 | 7.98% | 12.68% | 0.07x | 8.85x | $-1.13 Million |
| 2000 | 7.45% | 10.94% | 0.07x | 9.78x | $-1.87 Million |
| 2001 | 9.06% | 12.99% | 0.07x | 9.90x | $-733.05K |
| 2002 | 9.77% | 17.38% | 0.06x | 9.59x | $-189.42K |
| 2003 | 10.30% | 19.82% | 0.05x | 9.97x | $265.64K |
| 2004 | 9.05% | 17.74% | 0.05x | 10.07x | $-872.10K |
| 2005 | 10.25% | 15.35% | 0.06x | 11.65x | $241.99K |
| 2006 | 10.36% | 13.59% | 0.07x | 10.89x | $380.54K |
| 2007 | 7.01% | 9.24% | 0.07x | 10.75x | $-3.32 Million |
| 2008 | -28.78% | -39.43% | 0.06x | 12.03x | $-41.27 Million |
| 2009 | 4.60% | 6.62% | 0.06x | 11.47x | $-5.82 Million |
| 2010 | -3.50% | -5.13% | 0.06x | 11.83x | $-13.70 Million |
| 2011 | 2.79% | 4.56% | 0.05x | 11.42x | $-7.40 Million |
| 2012 | 3.06% | 4.80% | 0.05x | 12.81x | $-6.40 Million |
| 2013 | 6.69% | 8.80% | 0.05x | 15.33x | $-2.46 Million |
| 2014 | 9.50% | 14.37% | 0.05x | 14.52x | $-402.80K |
| 2015 | 9.85% | 15.66% | 0.05x | 13.76x | $-129.60K |
| 2016 | 8.00% | 13.26% | 0.04x | 14.14x | $-1.82 Million |
| 2017 | 3.74% | 5.70% | 0.04x | 15.64x | $-5.72 Million |
| 2018 | 10.78% | 15.90% | 0.05x | 14.90x | $772.60K |
| 2019 | 14.01% | 22.09% | 0.05x | 12.98x | $4.61 Million |
| 2020 | 10.95% | 18.32% | 0.05x | 13.28x | $1.23 Million |
| 2021 | 15.12% | 27.67% | 0.04x | 12.30x | $7.62 Million |
| 2022 | 16.29% | 24.94% | 0.04x | 15.10x | $8.01 Million |
| 2023 | 0.70% | 1.09% | 0.05x | 13.78x | $-12.65 Million |
| 2024 | 12.21% | 16.65% | 0.06x | 12.20x | $3.30 Million |
| 2025 | 13.66% | 21.23% | 0.06x | 10.88x | $6.38 Million |
Industry Comparison
This section compares Hawthorn Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,544,238,000
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hawthorn Bancshares Inc (HWBK) | $174.23 Million | 9.45% | 9.88x | $229.07 Million |
| Ameris Bancorp (ABCB) | $16.72 Billion | 0.97% | 0.09x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $3.43 Billion | 7.85% | 6.35x | $5.70 Billion |
| ACNB Corporation (ACNB) | $303.27 Million | 10.50% | 6.90x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $121.52 Million | 5.31% | 5.94x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $168.78 Million | 8.32% | 11.15x | $647.19 Million |
| Amalgamated Bank (AMAL) | $439.37 Million | 10.16% | 9.66x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $938.80 Million | 5.58% | 9.41x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $371.19 Million | 13.43% | 9.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.89 Billion | 6.53% | 7.38x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Hawthorn Bancshares Inc
Hawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides various banking products and services to families and businesses. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial and industrial, single payment personal, mortgage, installment, and commercial and residential real estate loans. In addition, it p… Read more