山楂银行控股公司2025年度报告

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from __________________ to _________________. Commission file number: 0-23636 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Hawthorn Bancshares,Inc. Profit Sharing 401(k)Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Hawthorn Bancshares,Inc.132 East High Street, Box 688Jefferson City, MO 65102(573)761-6100 Report of Independent Registered Public Accounting Firm Retirement and Investment Committee,Audit Committee and Plan ParticipantsHawthorn Bancshares,Inc.Profit Sharing 401(k)PlanJefferson City, Missouri Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Hawthorn Bancshares, Inc. Profit Sharing 401(k)Plan (Plan) as of December 31, 2025 and 2024, the related statements of changes in net assets available for benefits for the years thenended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements referred toabove present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the Basis of Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on thesefinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and arerequired to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditsto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part ofour audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Retirement and Investment Committee,Audit Committee and Plan ParticipantsHawthorn Bancshares,Inc.Profit Sharing 401(k)Plan Report on Supplemental Information The supplemental information in the accompanying Schedule of Assets (Held at End of Year) has been subjected to audit proceduresperformed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’smanagement. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements orthe underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the /s/Forvis Mazars, LLP We have served as the Plan’s auditor since 2003. St. Louis, MissouriJune25, 2026 Statements of Net Assets Available for BenefitsDecember 31, 2025 and 2024 Statements of Changes in Net Assets Available for BenefitsYears Ended December 31, 2025 and 2024 Hawthorn Bancshares, Inc.Profit Sharing 401(k) Plan Notes to Financial StatementsYears Ended December 31, 2025 and 2024 (1)Description of the Plan The following description of the Hawthorn Bancshares,Inc. Profit Sharing 401(k)Plan (“Plan”) provides only general information.Participants should refer to the Plan Document andSummary Plan Descriptionfor a more complete description of the Plan’s General The Plan is a defined contribution plan sponsored by Hawthorn Bancshares,Inc. and its subsidiaries (collectively the “Company”) forthe benefit of the employees of the Company who have at least 90days of service and are age 21 or older. An eligible employeebecomes a participant in the Plan on the first day of each quarter of the Planyear. The Plan is subject to the provisions of theEmployee Contributions The Company matching and profit-sharing contributions are discretionary as determined by the Company’s Board of Directors. Allprofit-sharing contributions are allocated to a participant’s account based on that participant’s compensation compared to the totalcompensation of all eligible participants. The Company matches the participant’s salary deferra