Hawthorn Bancshares Inc (HWBK) has reported a marginal fall of 0.30 percent in profit for the quarter ended Dec. 31, 2016. The company has earned $1.99 million, or $0.35 a share, compared with $1.99 million or $0.35 a share, a year ago. Revenue during the quarter went down marginally by 2.32 percent to $12.32 million from $12.62 million in the previous year period. Net interest income for the quarter rose 1.40 percent over the prior year period to $10.38 million. Non-interest income for the quarter rose 0.59 percent over the last year period to $2.40 million.
Hawthorn Bancshares Inc has made provision of $0.45 million for loan losses during the quarter, up 80 percent from $0.25 million in the same period last year.
Assets, liabilities remain almost stable T
otal assets stood at $1,287.05 million as on Dec. 31, 2016, up 7.17 percent compared with $1,200.92 million on Dec. 31, 2015. On the other hand, total liabilities stood at $1,010.67 million as on Dec. 31, 2016, down 9.25 percent from $1,113.64 million on Dec. 31, 2015.
Loans outpace deposit growth
Net loans stood at $964.14 million as on Dec. 31, 2016, up 12.57 percent compared with $856.48 million on Dec. 31, 2015. Deposits stood at $1,010.67 million as on Dec. 31, 2016, up 6.70 percent compared with $947.20 million on Dec. 31, 2015. Investments stood at $224.31 million as on Dec. 31, 2016, down 7.73 percent or $18.78 million from year-ago. Shareholders equity stood at $91.02 million as on Dec. 31, 2016, up 4.27 percent or $3.73 million from year-ago.
Return on assets moved down 14 basis points to 0.58 percent in the quarter from 0.72 percent in the last year period. At the same time, return on equity decreased 217 basis points to 7.97 percent in the quarter from 10.14 percent in the last year period.
Nonperforming assets to total loans was 2.37 percent in the quarter, down from 2.98 percent in the last year period.
Book value per share was $16.14 for the quarter, up 4.67 percent or $0.72 compared to $15.42 for the same period last year.
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