Hawthorn Bank

What Hawthorn Bank does

Hawthorn Bank is a Missouri community bank operating 18 branch locations across the state, with its holding company Hawthorn Bancshares, Inc. publicly traded on NASDAQ under the ticker HWBK and headquartered in Jefferson City. Founded approximately in 1865, the bank has served local families, small and mid-sized businesses, and community groups for more than 160 years through a relationship-led model emphasizing local lending decisions and personal service. Its product surface spans personal banking (Platinum Interest Checking at 3.01% APY, savings, CDs, HELOCs, debit/credit cards), commercial banking (commercial loans, agricultural loans, SBA Preferred Lender loans, treasury management, merchant services through Banc Card of America), and wealth management (estate planning, charitable planning, trust services, and Osaic Wealth-partnered financial planning through a newly built senior team).

The technology stack combines standard vendor-based digital banking — online banking (my.hawthornbank.com), iOS/Android mobile apps with mobile deposit and a 7pm CST extended cutoff, Virtual Teller video machines for extended-hours service, and a Treasury Management platform with ACH, wires, Positive Pay, and Remote Deposit Capture — with partner integrations for invoicing (Autobooks), business formation (Deluxe MyCorporation), and P2P payments (Zelle). Digital wallet support covers Apple Pay, Google Pay, and Samsung Pay on Visa cards. The bank does not disclose proprietary AI or ML capabilities, and its technology strategy is feature-parity-via-vendors rather than in-house platform development.

Revenue is generated primarily through net interest income (Q1 2026 NIM of 4.07% FTE) on the loan portfolio across commercial, agricultural, consumer, and credit-card lending, with fee income from core account service charges, transaction-based business banking fees (ACH, wires, Remote Deposit), merchant acquiring revenue through Banc Card of America, and emerging fee-based wealth management revenue through the Osaic Wealth partnership and in-house trust services. The customer base is highly diversified across Missouri retail, SMB, agricultural, and HNW wealth segments with no disclosed enterprise customer concentration, served through direct-to-consumer branch banking, sales-led commercial lending, and a channel-partner wealth management motion.

Name

Hawthorn Bank

Legal name

Hawthorn Bancshares, Inc.

Website

https://hawthornbank.com

Company type

Public

Founded year

1865

Operating status

Operating

Headcount range

251–500 employees

Short description

Hawthorn Bank is a Missouri community bank operating 18 branches, serving local families, small and mid-sized businesses, agricultural borrowers, and wealth management clients through personal banking, commercial and SBA lending, treasury services, and a recently expanded wealth and trust division under publicly traded parent Hawthorn Bancshares (NASDAQ: HWBK).

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Community banking services
• Commercial lending
• SBA preferred lender
• Personal banking products
• Wealth management services

Headquarters

HQ city

Belton

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income generated from loan portfolio including commercial loans, agricultural loans, home equity lines, consumer loans, and credit cards, offset by interest paid on deposits. Net interest margin of 4.07% on FTE basis as of Q1 2026.
2. Core Banking Fees: Monthly service charges on checking and savings accounts, ATM fees, overdraft fees, wire transfer fees, and other traditional banking service fees.
3. Cash Management & Treasury Services: Fees for business cash management services including ACH transactions, wire transfers, Positive Pay, Remote Deposit Capture, and online banking premium features.
4. Merchant Services: Payment processing fees collected through Banc Card of America partnership for credit/debit card transactions processed by business merchants.
5. Wealth Management: Financial planning and investment advisory services revenue through Osaic Wealth partnership, including fee-based comprehensive financial planning, retirement planning, and investment management.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Hawthorn Bank is a Missouri community bank providing personal checking, savings, money market, CD, mortgage, home equity, auto, boat, personal, debit/credit card products, alongside commercial loans, agricultural loans, SBA loans, treasury management, merchant services, and wealth/trust services. Distribution is through 18 branch locations, Virtual Teller machines, online and mobile banking, and partnerships for wealth advisory and payment processing.

Product overview

Hawthorn Bank operates as a community bank offering a comprehensive suite of personal and business banking products organized around core banking, digital banking, wealth management, and community programs. Personal banking includes multiple checking account tiers (Personal Checking, Platinum Interest Checking with up to 3.01% APY), savings options (Savings, CDs & Money Market, Round Up Savings, Health Savings Accounts), home financing (HELOCs, Home Equity Loans, Home Loans, Car/Boat/Personal Loans), and Visa debit and credit cards with digital wallet support. Business banking encompasses checking accounts (Small Business Checking, Business Checking, Business Analysis Checking), business savings (Money Market, Savings, CDs), commercial lending (Commercial Loans, Agricultural Loans, SBA Loans as a Preferred Lender), and merchant services through Banc Card of America. Digital banking includes Online Banking, Mobile Banking, Treasury Management, Remote Deposit Capture, Virtual Tellers, Zelle integration, and over 50 financial planning calculators. Wealth management services include estate planning, charitable planning, trust services, financial planning through Osaic Wealth partnership, and business retirement plans. Community programs feature the Hawthorn Kids' Club for children and Elite Advantage Club for customers 50+.

Differentiator

Problem solved

Functional benefit

Brands

• Hawthorn Wealth Management: Wealth management and trust services division of Hawthorn Bank, offering estate planning, investment management, and charitable planning services in partnership with Osaic Wealth.

Products and services

• Personal Checking Basic checking account with digital banking access, debit card, and essential transaction features. Designed for individual consumers and families seeking everyday banking with online and mobile access.
• Platinum Interest Checking High-yield checking account offering up to 3.01% APY on balances up to $25,000 with 18+ debit purchases and one ACH deposit per cycle, plus ATM fee reimbursements and fee waivers on $5,000 minimum balance. Targeted at consumer customers seeking returns competitive with online savings accounts while maintaining checking liquidity.
• Savings, CDs & Money Market Personal savings accounts, certificates of deposit with terms from 3 months to 5 years, and money market accounts with competitive FDIC-insured rates for consumer savers.
• Round Up Savings Automated savings program that rounds up debit card purchases to the nearest dollar and deposits the difference into a dedicated savings account. Helps consumer customers accumulate savings through everyday spending.
• Home Equity Lines of Credit (HELOC) Revolving credit lines secured by home equity, usable for home improvements, debt consolidation, major purchases, or other purposes at rates lower than credit cards. Targeted at homeowners needing flexible access to equity.
• Home Equity Loans Fixed-rate loans secured by home equity for financing home improvements, debt consolidation, or major purchases with lower interest rates than credit cards.
• Debit & Credit Cards Visa-branded debit and credit cards with digital wallet compatibility (Apple Pay, Google Pay, Samsung Pay), spending controls, fraud monitoring, and no annual fees on personal cards.
• Home Loans Mortgage products for purchasing new homes and refinancing existing loans, offered through the bank's website with online application capability and access to licensed home lenders.
• Car, Boat & Personal Loans Financing options for vehicles, boats, and personal needs including auto loans, boat loans, and debt consolidation with competitive rates and local lender support.
• Small Business Checking Business checking account with up to 150 free items monthly, free online banking, and digital invoice creation through Autobooks integration. Targeted at small Missouri businesses.
• Business Checking Mid-tier business checking for businesses with up to 300 transactions monthly, with fee waiver on $10,000 minimum balance.
• Business Analysis Checking Business checking for larger businesses with monthly earnings credits that reduce or eliminate fees based on balance. Best for businesses with balances over 300 items per month.
• Business Money Market Interest-bearing business savings with FDIC insurance up to $250,000, free digital banking, and up to 6 withdrawals per statement cycle.
• Business Savings Account Basic business savings account with competitive interest rates and $200 minimum opening balance.
• Certificates of Deposit (CDs) Fixed-term deposit accounts with terms from 3 months to 5 years, FDIC insurance up to $250,000, with CDARS available for deposits exceeding coverage limits.
• Commercial Loans Business financing including revolving lines of credit, construction loans, real estate loans, equipment loans, business acquisition financing, and accounts receivable/inventory financing. Targeted at small and mid-sized local businesses in Missouri.
• Agricultural Loans Specialized farming loans for livestock, land, equipment, and operating funds for crop inputs, designed for Missouri farmers and agricultural businesses.
• SBA Loans Small Business Administration loans as an SBA Preferred Lender, offering longer terms and lower rates than conventional commercial loans.
• Merchant Services Payment processing solutions through Banc Card of America partnership, accepting credit, debit, mobile, and online payments with local support. Targeted at Missouri business merchants.
• Business Online Banking Online platform for creating and sending invoices, accepting payments, making loan payments, paying businesses and individuals, with multi-user access. Targeted at Missouri business clients.
• Treasury Management Business cash management including ACH transactions, wire transfers, Positive Pay fraud protection, and reconciliation services with multi-layer user approval. Targeted at Missouri businesses needing corporate cash management.
• Remote Deposit Capture Electronic check deposit service using scanner or mobile device, extending business day cutoff to 7:00 pm CST. Targeted at Missouri businesses.
• Estate Planning & Investment Services Trust services including coordinated estate planning, document drafting assistance, and review of existing estate plans, provided through Hawthorn Wealth Management. Targeted at Missouri-based high-net-worth individuals and families.
• Charitable Planning Donor services including Charitable Remainder Trusts, Charitable Lead Trusts, tax-efficient gifts, estate gift management, and perpetual charitable trusts. Targeted at high-net-worth Missouri donors.
• Financial Planning (Osaic Wealth partnership) Comprehensive financial planning through Osaic Wealth partnership including retirement income planning, risk management, investment planning, estate planning, and tax strategies. Targeted at Missouri individuals and business owners.
• Trust Services Professional trust administration and fiduciary services managed by trust officers with legal and financial planning backgrounds.
• Retirement Plans Business retirement solutions including Simple IRAs, 401k plans, and other qualified retirement plans for employees. Targeted at Missouri businesses.
• Online Banking 24/7 account access through Hawthorn Online with balance monitoring, transaction review, bill payment, fund transfers, eStatements, and Zelle payments.
• Mobile Banking Smartphone and tablet banking app with mobile deposit, account management, card controls, balance alerts, fingerprint/Touch ID authentication, and digital wallets.
• Virtual Tellers Live teller video service available Monday-Friday 7am-7pm and Saturdays 9am-1pm for cash deposits, check deposits, and loan payments at branch locations.
• Financial Calculators Suite of over 50 interactive calculators covering auto, credit card, debt, insurance, loans, mortgage, personal finance, retirement, savings, and tax planning.
• Health Savings Account (HSA) Tax-advantaged savings account for qualifying medical expenses with HDHP-compatible features, tax-deductible contributions, and rollover benefits.
• Business Credit Card Low annual fee ($30) Visa business credit card with competitive interest rates, no balance transfer or cash advance fees, and Visa benefits.

Quantifiable outcome

• Q1 2026 net income increased 25.9% year-over-year to $6.8 million
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Osaic WealthcoreStrategic or Co-development PartnerHawthorn Bank has partnered with Osaic Wealth to provide comprehensive financial planning and investment services to customers. Registered representatives from Osaic Wealth offer fee-based financial planning including retirement income planning, risk management, investment planning, estate planning, charitable giving, tax strategies, company-sponsored employee benefits, and business owner planning services.
• Deluxe MyCorporationminorChannel Partner/ Reseller/ DistributorHawthorn Bank partners with Deluxe MyCorporation to offer business registration services to entrepreneurs starting new businesses. Services include EIN tax ID filing, LLC/Corporation formation, DBA name registration, and operating agreement creation to help customers start and run their businesses.
• Banc Card of AmericacoreChannel Partner/ Reseller/ DistributorHawthorn Bank has partnered with Banc Card of America to provide merchant services program for business customers. The partnership offers payment processing for credit, debit, mobile, and online payments with competitive and transparent pricing, no hidden fees, local sales and support, and quick setup for retail, restaurant, professional service, and online sellers.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Commerce Bancshares: Commerce Bancshares is the parent of Commerce Bank, a Missouri and Kansas City-based regional bank offering similar personal, commercial, and wealth management services. Closely comparable as a Missouri-headquartered full-service community bank competing in the same geographic markets.
• UMB Financial Corporation: UMB Financial is a Kansas City-based bank holding company offering commercial banking, personal banking, and wealth management services across the Midwest. Highly comparable in product mix, Missouri/Kansas City focus, and community banking strategy.
• Central Bancompany: Central Bancompany is a Missouri-based bank holding company headquartered in Jefferson City (same city as Hawthorn). It operates Central Bank of the Midwest with comparable retail, commercial, and wealth services, making it the closest geographic direct competitor.
• Great Southern Bancorp: Great Southern Bancorp is a Springfield, Missouri-based community bank holding company offering personal, business, and wealth management services. Directly comparable as a Missouri community bank with similar product suite and customer base.
• Equity Bancshares: Equity Bancshares is a Kansas City area community bank providing commercial, retail, and wealth services across Kansas and Missouri. Comparable in size, business model, and regional Midwest community banking positioning.
• Guaranty Federal Bancshares: Guaranty Federal Bancshares is a Springfield, Missouri-based community bank offering personal and business banking. Comparable as a smaller Missouri-headquartered community bank with similar customer demographics.
• QCR Holdings: QCR Holdings is a multi-bank holding company operating community banks across the Midwest with personal, commercial, and wealth services. Comparable as a community banking platform of similar size and structure.

Broad incumbents

• Bank of America: Bank of America is a national retail and commercial bank with significant Missouri presence. Competes with Hawthorn for retail deposits, consumer lending, and small business banking, though as part of a much broader national portfolio.
• U.S. Bancorp: U.S. Bancorp is a large national bank holding company with significant Midwest operations. Overlaps with Hawthorn in consumer banking, small business lending, and wealth management but serves as a broad-market incumbent rather than community-focused player.
• Regions Financial: Regions Financial is a large regional bank holding company with presence in the Midwest. Competes with Hawthorn in commercial and consumer banking, though it serves a much broader geographic footprint across multiple states.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hawthorn-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hawthorn Bank