HWBK on Nasdaq

HAWTHORN BANCSHARES, INC.

American national commercial bank, incorporated in Missouri1

In its 2026 annual report the company says: “The Company is a bank holding company registered under the Bank Holding Company Act that has elected to become a financial holding company. The Company's activities currently are limited to ownership of the outstanding capital stock of the Bank and ownership of its other subsidiaries. In addition to ownership of its subsidiaries, the Company may seek expansion through acquisition and may engage in those activities (such as investments in banks or operations that are financial in nature) in which it is permitted to engage under applicable law.”4 It is headquartered in Jefferson City, Missouri.1 Its shares trade on Nasdaq under the symbol HWBK.1

Price unavailable

Last updated Oct 20, 2026.

Overview

Compare with another stock.

  • TickerHWBK on Nasdaq1
  • IndustryNational Commercial Banks1
  • HeadquartersJefferson City, Missouri1
  • Incorporated inMO2
  • Business address132 East High Street, Jefferson City, Mo 651012
  • Filer categoryAccelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

Hawthorn Bancshares, Inc. (the "Company"), is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "Bank Holding Company Act"). The Company was incorporated under the laws of the State of Missouri on October 23, 1992 as Exchange National Bancshares, Inc. and changed its name to Hawthorn Bancshares, Inc. in August 2007. The Company owns all of the issued and outstanding capital stock of Hawthorn Bank. The Company received approval from the Federal Reserve and elected to become a financial holding company on October 21, 2001.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Banking brought in 40% of the revenue HAWTHORN BANCSHARES, INC. broke down this way in fiscal 2025.

  1. Banking$3.9M540%down 5% from 2024
  2. Service$3.7M538%up 11% from 2024
  3. Fiduciary and Trust$2.2M523%up 27% from 2024
Products and services by year
Products and services202320242025
Banking$4.0M$4.1M$3.9M
Service$2.9M$3.3M$3.7M
Fiduciary and Trust$1.4M$1.7M$2.2M

Financial statements

Net income67895$23.8M in 2025+48% since 2019
0$10.0M$20.0M$30.0M2019: $16.1M$16.1M20192020: $14.3M$14.3M2020−11%2021: $22.5M$22.5M2021+58%2022: $20.8M$20.8M2022−8%2023: $956.0K$956.0K2023−95%2024: $18.3M$18.3M2024+1810%2025: $23.8M$23.8M2025+30%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$88.4M$86.5M$84.2M
Interest and fees on loans held for sale$25.0K$84.0K$160.0K
Taxable$5.3M$3.6M$3.5M
Nontaxable$2.3M$2.4M$2.5M
Other interest-bearing deposits and certificates of deposit in other banks$1.1M$2.3M$1.2M
Dividends on other investments$421.0K$563.0K$441.0K
Total interest income$97.7M$95.4M$92.0M
Savings, interest checking and money market$16.4M$18.5M$16.8M
Time deposits$9.8M$11.2M$8.9M
Total interest expense on deposits$26.2M$29.8M$25.7M
Interest on federal funds purchased and securities sold under agreements to repurchase$3.0K$0$115.0K
Interest on Federal Home Loan Bank advances$2.2M$3.1M$3.3M
Interest on subordinated notes$3.4M$3.9M$3.8M
Total interest expense on borrowings$5.6M$7.0M$7.1M
Total interest expense$31.8M$36.8M$32.8M
Net interest income$65.9M$58.6M$59.1M
Provision for credit losses on loans$263.0K$1.0M$2.7M
Provision for (release of) credit losses on unfunded commitments$97.0K$2.0K-$325.0K
Total provision for credit losses on loans and unfunded commitments$360.0K$1.0M$2.3M
Net interest income after provision for credit losses on loans and unfunded commitments$65.5M$57.6M$56.8M
Earnings on bank-owned life insurance$2.0M$1.7M$57.0K
Gain on sale of mortgage loans, net$448.0K$896.0K$2.6M
(Losses) gains on other real estate owned and other assets, net-$156.0K$883.0K-$4.4M
Other$2.2M$1.7M$993.0K
Total non-interest income$14.3M$14.3M$7.5M
Investment securities gains (losses), net$117.0K-$4.0K-$11.5M
Salaries and employee benefits$27.8M$26.6M$29.0M
Occupancy expense, net$3.8M$3.3M$3.2M
Furniture and equipment expense$2.9M$3.0M$3.0M
Processing, network, and bank card expense$5.7M$5.5M$5.2M
Legal, examination, and professional fees$1.7M$2.6M$2.5M
Advertising and promotion$1.1M$976.0K$1.5M
Postage, printing, and supplies$1.3M$910.0K$846.0K
Other$6.5M$6.7M$7.1M
Total non-interest expense$50.8M$49.5M$52.4M
Income before income taxes$29.1M$22.4M$432.0K
Income tax expense (benefit)$5.3M$4.1M-$524.0K
Net income$23.8M$18.3M$956.0K
Basic earnings per share (in dollars per share)$3.44$2.61$0.14
Diluted earnings per share (in dollars per share)$3.43$2.61$0.14

Compare HAWTHORN BANCSHARES, INC. with another company

Corporate structure

HAWTHORN BANCSHARES, INC. sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HAWTHORN BANCSHARES, INC.

  • Douglas Todd Eden Filed SCHEDULE 13G on HAWTHORN BANCSHARES, INC., latest Dec 15, 2025 (5 filings since Nov 15, 2021)
  • FJ Capital Management LLC Filed SCHEDULE 13G/A on HAWTHORN BANCSHARES, INC., latest Feb 5, 2025 (3 filings since Feb 13, 2024)
  • PL Capital Advisors, LLC Filed SC 13D/A on HAWTHORN BANCSHARES, INC., latest May 9, 2023 (2 filings since Feb 17, 2022)
  • HAWTHORN BANCSHARES, INC. Jefferson City, Missouri
    • Exchange National Statutory Trust I Subsidiary · Connecticut, United States
    • Exchange National Statutory Trust II Subsidiary · Delaware, United States
    • Hawthorn Bank Subsidiary · Missouri, United States
    • Hawthorn Real Estate, LLC Subsidiary · Missouri, United States
    • HB Realty, LLC Subsidiary · Missouri, United States
    • Jefferson City IHC, LLC Subsidiary · Missouri, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HAWTHORN BANCSHARES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$59.7M5 Dec 31, 2025$62.3M5 Dec 31, 2024−4.2%
Accumulated depreciation$29.7M5 Dec 31, 2025$31.2M5 Dec 31, 2024−4.6%
Property and equipment, net$30.0M5 Dec 31, 2025$31.2M5 Dec 31, 2024−3.9%
Finance-lease assets$1.2M5 Dec 31, 2025$05 Dec 31, 2024
Operating-lease assets (leased space)$2.5M5 Dec 31, 2025$1.6M5 Dec 31, 2024+51.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$104.3M5 Dec 31, 2025$51.0M5 Dec 31, 2024+104.6%
Equity securities at fair value$6.0M5 Dec 31, 2025$5.1M5 Dec 31, 2024+16.1%
Loans, net of allowance$1.5B5 Dec 31, 2025$1.4B5 Dec 31, 2024+1.5%
Deposits held (banks)$1.6B5 Dec 31, 2025$1.5B5 Dec 31, 2024+1.4%

Properties, in its own words

The Company does not own or lease any property. The Company's principal offices are located at 132 East High Street, Jefferson City, Missouri 65101. The table below provides a list of and information about the Bank's facilities as of December 31, 2025.

Location · ApproximateSquare Footage · Owned or Leased

The rest of Item 2

8127 East 171st Street, Belton, MO · 13,000 · Owned

910 West Buchanan Street, California, MO · 2,270 · Owned

1400 East Ohio Street, Clinton, MO · 13,551 · Owned

803 E. Walnut St, Columbia, MO · 9,698 · Leased · (1)

1110 Club Village Drive, Columbia, MO · 5,000 · Owned

115 South 2nd Street, Drexel, MO · 4,000 · Owned

100 Plaza Drive, Harrisonville, MO · 4,000 · Owned

17430 East 39th Street, Independence, MO · 4,070 · Owned

132 East High Street, Jefferson City, MO · 34,800 · Owned

211 West Dunklin Street, Jefferson City, MO · 2,500 · Owned

800 Eastland Drive, Jefferson City, MO · 4,100 · Owned

3701 West Truman Blvd, Jefferson City, MO · 21,000 · Owned

8625 NE 85th St, Kansas City, MO · 1,823 · Leased · (2)

300 S.W. Longview Blvd, Lee's Summit, MO · 11,700 · Owned

335 Chestnut, Osceola, MO · 1,580 · Owned

321 West Battlefield, Springfield, MO · 12,500 · Owned

1891 Commercial Drive, Warsaw, MO · 11,000 · Owned

7400 College Boulevard, Suites 200 & 205, Overland Park, KS · 15,172 · Leased · (3)

(1)The term of this lease expires in February 2029.

(2)The term of this lease expires in August 2034.

(3)The term of this lease expires in March 2032.

Management believes that the current condition of each of the Bank's facilities is adequate for its business and that such facilities are adequately covered by insurance. Refer to Note 9, "Leases" in the Company's consolidated financial statements, included under the caption "Consolidated Financial Statements" in the Company's 2025 Annual Report to Shareholders (included as Exhibit 13 hereto), incorporated herein by reference.

Item 2 of the 10-K filed Mar 5, 2026.4

Leadership

Who has led HAWTHORN BANCSHARES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David T. Turner2012–2023
  2. Brent M. Giles2023–now

Chair

  1. David T. Turner2012–2023

President

  1. David T. Turner2006–2014
  2. Gregg A. Bexten2023–now

Chief financial officer

  1. Richard G. Rose2006–2012
  2. William Bruce Phelps2012–2020
  3. Stephen Edward Guthrie2020–2023
  4. Christopher Eugene Hafner2023–now

Chief operating officer

  1. Kathleen L. Bruegenhemke2022–2023
2010201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Exchange National Statutory Trust I Connecticut3
  • Exchange National Statutory Trust II Delaware3
  • HB Realty, LLC Missouri (limited liability company)3
  • Hawthorn Bank Missouri3
  • Hawthorn Real Estate, LLC Missouri (limited liability company)3
  • Jefferson City IHC, LLC Missouri (limited liability company)3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • EXCHANGE NATIONAL BANCSHARES INCNov 12, 1996 to Jun 20, 20072

Timeline

  1. Sep 10, 20268-K Other events37
  2. Sep 4, 20268-K Completed an acquisition or sale; Regulation FD disclosure38
  3. Jul 29, 20268-K Results of operations; Other events39
  4. Jul 14, 20268-K Other events40
  5. Jun 8, 20268-K Executive or director change; Shareholder vote41
  6. May 6, 20268-K Results of operations42
  7. Apr 29, 20268-K Results of operations; Other events43
  8. Apr 29, 20268-K Executive or director change; Regulation FD disclosure44
  9. Apr 29, 20268-K Entered a material agreement; Regulation FD disclosure45
  10. Jan 28, 20268-K Results of operations; Other events46
  11. Oct 29, 20258-K Results of operations; Other events47
  12. Jul 30, 20258-K Results of operations; Other events48
  13. May 2, 2023New chief executive Brent M. Giles becomes CEO13
  14. Feb 13, 2012New chief executive David T. Turner becomes CEO14

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/202649

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results39
  2. May 6, 2026Reported quarterly or annual results42
  3. Apr 29, 2026Reported quarterly or annual results43
  4. Jan 28, 2026Reported quarterly or annual results46
  5. Oct 29, 2025Reported quarterly or annual results47
  6. Jul 30, 2025Reported quarterly or annual results48
  7. Apr 30, 2025Reported quarterly or annual results50
  8. Jan 22, 2025Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

212 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 111 insider forms, 10 large holders, 32 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Sep 4, 20268-K EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 6, 202610-Q EDGAR
  5. Jul 29, 20268-K EDGAR
  6. Jul 22, 2026424B3 EDGAR
  7. Jul 21, 2026EFFECT EDGAR
  8. Jul 17, 2026S-4/A EDGAR
  9. Jul 14, 20268-K EDGAR
  10. Jun 26, 2026S-4 EDGAR
  11. Jun 25, 202611-K EDGAR
  12. Jun 8, 20268-K EDGAR
  13. Jun 4, 20264 EDGAR
  14. Jun 4, 20264 EDGAR
  15. Jun 4, 20264 EDGAR
  16. Jun 4, 20264 EDGAR
  17. Jun 4, 20264 EDGAR
  18. Jun 4, 20264 EDGAR
  19. Jun 4, 20264 EDGAR
  20. Jun 4, 20264 EDGAR

The 212 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 37 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026Hettinger Shawna M.DirectorBuy654$38.20$25.0KForm 4
Aug 26, 2026Hettinger Shawna M.DirectorBuy645$38.75$25.0KForm 4
Mar 11, 2025GILES BRENT MCHIEF EXECUTIVE OFFICERBuy700$25.84$18.1KForm 4
Feb 28, 2025Holtaway JonathanDirectorSale19,723$31.04$612.2KForm 4
Feb 27, 2025Holtaway JonathanDirectorSale1,158$31.76$36.8KForm 4
Feb 26, 2025Holtaway JonathanDirectorSale568$32.05$18.2KForm 4
Feb 21, 2025Holtaway JonathanDirectorSale702$33.62$23.6KForm 4
Feb 20, 2025Holtaway JonathanDirectorSale1,941$33.75$65.5KForm 4
Feb 11, 2025Holtaway JonathanDirectorSale116$32.90$3.8KForm 4
Feb 10, 2025Holtaway JonathanDirectorSale2,682$32.91$88.3KForm 4
Feb 6, 2025Holtaway JonathanDirectorSale839$32.85$27.6KForm 4
Feb 5, 2025Holtaway JonathanDirectorSale6,604$32.97$217.7KForm 4
Feb 4, 2025Holtaway JonathanDirectorSale3,707$32.90$122.0KForm 4
Feb 3, 2025Holtaway JonathanDirectorSale1,761$32.78$57.7KForm 4
Dec 10, 2024Holtaway JonathanDirectorSale7,424$32.05$237.9KForm 4
Dec 9, 2024Holtaway JonathanDirectorSale389$32.05$12.5KForm 4
Dec 6, 2024Holtaway JonathanDirectorSale1,015$32.25$32.7KForm 4
Dec 5, 2024Holtaway JonathanDirectorSale5,007$31.99$160.2KForm 4
Dec 4, 2024Holtaway JonathanDirectorSale1,817$32.21$58.5KForm 4
Dec 4, 2024Burkhead Frank E.DirectorSale3,000$31.87$95.6KForm 4

All 56 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brent M. Giles58$463.5K$938.8K55
2025Gregg A. Bexten58$360.5K$488.0K55
2025Martin J. Weishaar$283.2K$427.8K55
2024Chief Executive Officer$450.0K$860.5K55
2024President$350.0K$474.5K55
2024EVP, Chief AdministrativeOfficer & General Counsel$275.0K$391.0K55
2023Chief Executive Officer$300.0K$691.3K55
2023President$311.8K$424.1K55

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 68. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ategra Capital Management, LLC342,390$13.5M7.2%No change
BlackRock, Inc.335,276$13.2M0.0%+24,604
Vanguard Capital Management LLC250,722$9.9M0.0%+4,534
FJ Capital Management LLC190,710$7.5M1.0%No change
Dimensional Fund Advisors LP161,622$6.4M0.0%+3,290
Geode Capital Management, LLC148,965$5.9M0.0%+12,163
State Street Corp84,776$3.3M0.0%+1,763
Bridgeway Capital Management, LLC64,813$2.5M0.0%−373
Northern Trust Corp48,071$1.9M0.0%+4,226
Pinnacle Holdings, LLC46,073$1.8M0.6%−58
Moneta Group Investment Advisors LLC44,745$1.8M0.0%−3,980
Vanguard Portfolio Management LLC39,180$1.5M0.0%+5,871
RBF Capital, LLC39,167$1.5M0.1%No change
Vanguard Fiduciary Trust Co37,750$1.5M0.0%+1,678
Renaissance Technologies LLC35,319$1.4M0.0%+476
Empowered Funds, LLC32,677$1.3M0.0%−373
Mercer Global Advisors Inc /adv32,589$1.3M0.0%+139
Goldman Sachs Group Inc23,833$936.6K0.0%−1,588
American Century Companies Inc20,603$809.7K0.0%No change
Kestra Private Wealth Services, LLC20,319$798.5K0.0%New
Mariner, LLC18,678$734.0K0.0%New
Charles Schwab Investment Management Inc16,101$632.8K0.0%+1,534
Alexander Labrunerie & Co., Inc.15,471$608.0K0.2%No change
Arrowstreet Capital, Limited Partnership15,325$602.3K0.0%−281
Bank of New York Mellon Corp14,294$561.7K0.0%+1,355

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How HAWTHORN BANCSHARES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHAWTHORN BANCSHARES, INC.1
  • CIK0000893847
  • Employer ID (EIN)43-16263504
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMissouri4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address132 East High Street, Jefferson City, MO 651011
  • Mailing addressP. O. Box 688, Jefferson City, MO 651021
  • Phone(573)761-61001
  • Shares outstanding6,900,678 as of Aug 6, 202611
  • Public float$125.7M as of Jun 30, 20254
  • AuditorForvis Mazars, Kansas City, MO PCAOB ID 686; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceAug 2, 19961
  • Filings919 in all: 8-K (243), 4 (221), 5 (131), 10-Q (86), SC 13G/A (67), DEF 14A (31), 10-K (24), 11-K (20)1
    All 38 form types

    3 (15), SC 13G (9), DEFA14A (7), UPLOAD (7), 10QSB (5), 4/A (4), 8-K/A (4), ARS (4), 10-K405 (3), 10KSB (3), CORRESP (3), PRE 14A (3), S-8 (3), SC 13D (3), SC 13D/A (3), 144 (2), 424B3 (2), EFFECT (2), S-4 (2), SCHEDULE 13G/A (2), 10-K/A (1), 10-Q/A (1), 8-A12G (1), NT 11-K (1), S-3 (1), S-3/A (1), S-3D (1), S-4/A (1), S-8 POS (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 5, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 17, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 par valueHWBKThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks HAWTHORN BANCSHARES, INC. names in Item 1A of its 10-K filed Mar 5, 2026: 38 risks under these headings, as written.4

  • Risks Relating to Our Business and Market
  • Because we primarily serve Central and West Central Missouri, as well as the Kansas City MSA, a decline in the local economic conditions could lower the Company's profitability.
  • Interest rate changes may reduce the profitability of the Company and the Bank.
  • Our business depends on our ability to successfully manage credit risk.
  • The Company's profitability depends on the Bank's asset quality and lending risks.
  • The provision for probable credit losses may need to be increased.
  • Adverse market conditions in the U.S. economy and the markets in which we operate could adversely impact the Company's business.
  • Emerging financial technologies such as digital assets, stablecoins, and distributed ledger systems may reduce the demand for traditional banking services and create new competitive pressures that adversely affect our business.
  • Smaller commercial borrowers may have fewer financial resources, which may impair their ability to repay loans.
  • The soundness of other financial institutions could adversely affect us.
  • Liquidity risk could impair our ability to fund operations and meet our obligations as they become due, and failure to maintain sufficient liquidity could materially adversely affect our growth, business, profitability and financial condition.
  • Deterioration in the housing market could cause further increases in delinquencies and non-performing assets, including loan charge-offs, and depress the Company's income and growth.
The other 27 risks
  • The FDIC's changes in the calculation of deposit insurance premiums and ability to levy special assessments could increase the Company's non-interest expense and may reduce its profitability.
  • We may elect or be compelled to seek additional capital in the future, but that capital may not be available when it is needed.
  • If we are unable to successfully compete for customers in the Company's market area, the Company's financial condition and results of operations could be adversely affected.
  • We face strong competition from financial service companies and other companies that offer banking and wealth management services, which could adversely affect our business.
  • Our wealth management fees may decrease as a result of poor investment performance, in either relative or absolute terms, which could decrease our revenues and net earnings.
  • We may experience difficulties in managing growth and in effectively integrating newly acquired companies.
  • The Bank is a community bank and our ability to maintain the Bank's reputation is critical to the success of our business and the failure to do so could materially adversely affect our performance.
  • Fraudulent activity could damage our reputation, disrupt our business, increase our costs and cause losses.
  • The Company's success largely depends on the efforts of its executive officers.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud, and, as a result, investors and depositors could lose confidence in our financial reporting, which could adversely affect our business, the trading price of our stock, and our ability to attract additional deposits.
  • Severe weather, natural disasters, pandemics, and other external events could significantly impact our business.
  • Climate change and responses to climate change may adversely impact our business, financial condition and results of operations.
  • Risks Relating to Our Regulatory Environment
  • We may be adversely affected by changes in laws and regulations affecting the financial services industry.
  • The Federal Reserve may require the Company to commit capital resources to support the Bank.
  • The short-term and long-term impact of the changing regulatory capital requirements and new capital rules is uncertain.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, Real Estate Settlement Procedures Act, Truth-in-Lending Act, Community Reinvestment Act, Fair Lending Laws or other laws and regulations could result in fines or sanctions and curtail expansion opportunities.
  • Regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and adversely affect our business opportunities.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We are subject to a number of other laws and regulations, which may adversely affect the operation of our business and increase our costs.
  • Technology and Vendor Risks
  • We are subject to security and operational risks relating to our use of technology that could damage our reputation and our business.
  • The operation of our business, including customer interaction, is increasingly done via electronic means, and this has increased our risks related to cybersecurity.
  • We continually encounter technological change, and we cannot predict how changes in technology will affect our business.
  • The development and use of artificial intelligence presents risks and challenges that may adversely impact our business.
  • We rely on others to provide key components of our business infrastructure.
  • Risks Related to Our Common Stock
  • The price of our common stock could fluctuate significantly, and this could make it difficult for you to resell shares of our common stock at times or at prices you find attractive.
  • The trading volume in our common stock has been low, and the sale of a substantial number of shares of our common stock in the public market could depress the price of our common stock and make it difficult for you to sell your shares.
  • Our common stock is not insured by any governmental entity.

Legal proceedings

The information required by this Item is set forth in Note 19, "Commitments and Contingencies", in the Company's consolidated financial statements, included under the caption "Notes to the Consolidated Financial Statements" in the Company's 2025 Annual Report to Shareholders (included as Exhibit 13 hereto), incorporated herein by reference.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
    SEC EDGAROther events
  38. 38
  39. 39
  40. 40
    SEC EDGAROther events
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55