Brief: Hawthorn Bancshares Implements Balance Sheet Repositioning Strategy Of Its Portfolio Of Available-For-Sale Investment Securities

Hawthorn Bancshares

18/12/2023 23:08

Dec 18 (Reuters) - Hawthorn Bancshares Inc  HWBK.O :
    * HAWTHORN BANCSHARES INC -  IMPLEMENTED A BALANCE SHEET
REPOSITIONING STRATEGY OF ITS PORTFOLIO OF AVAILABLE-FOR-SALE
INVESTMENT SECURITIES
    * HAWTHORN BANCSHARES- BANK SOLD $83.7 MILLION IN BOOK VALUE
OF
INVESTMENT SECURITIES, WITH AVERAGE YIELD OF 1.57%, FOR
AFTER-TAX REALIZED LOSS OF $9.1 MILLION
    * HAWTHORN BANCSHARES-LOSS ON SALE OF SECURITIES IS SEES TO
HAVE
NEUTRAL IMPACT ON CO'S CONSOLIDATED SHAREHOLDERS'
EQUITY,TANGIBLE BOOK VALUE PER SHARE
    * HAWTHORN BANCSHARES-AFTER REPOSITIONING, BANK'S REGULATORY
CAPITAL LEVELS REMAINED WELL ABOVE THOSE REQUIRED TO BE
CATEGORIZED AS WELL-CAPITALIZED
    * HAWTHORN BANCSHARES-ELECTED TO PROACTIVELY REPOSITION
SECURITIES
PORTFOLIO DURING Q4, WHICH EXPECT TO BE ACCRETIVE TO EARNINGS IN
FUTURE PERIODS
    * HAWTHORN BANCSHARES - REPOSITIONING OF SECURITIES DURING
Q4,
EXPECTED TO BE ACCRETIVE TO NET INTEREST MARGIN AND RETURN ON
ASSETS IN FUTURE PERIODS

Further company coverage:  HWBK.O 

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