Hawthorn Bancshares Reports Second Quarter 2024 Results

Earnings The increase in the current quarter compared to the prior quarter was primarily due to an increase in earnings on bank owned life insurance and the recognition of a gain on sale on foreclosed property. Investments increased $1.4 million, or 0.7%, to $191.2 million as of June 30, 2024 compared to March 31, 2024 and decreased $69.6 million, or 26.7%, from June 30, 2023. [Tables follow] Financial Summary The allowance for credit losses at June 30, 2024 was $22.0 million, or 1.47% of outstanding loans, ...