Hawthorn Bancshares Reports FY 2010 EPS of $(1.24) vs. $0.66 Year Ago

Hawthorn Bancshares Inc. HWBK, today reported financial results for the Company, and its main operating subsidiary, Hawthorn Bank, for the year ended December 31, 2010. The Company reported a net loss per diluted common share of $1.24 for the year ended December 31, 2010 compared to positive earnings per common share of $0.66 for 2009. Income available to common shareholders was a net loss of $5.5 million for 2010 compared to a net profit of $3.0 million for 2009. Operating results for 2010 were largely impacted by the $8.6 million and $6.9 million increases in other real estate expenses and loan loss provisions, respectively.