HWBK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• The Wealth Management segment was immaterial to the Company’s total consolidated operating results for the periods presented in this report. Accordingly, for presentation purposes, the financial information and discussion below is presented on an aggregated basis, except as otherwise noted. Refer to…

• Consolidated net income was $5.7 million, or $0.83 per diluted share for the three months ended March 31, 2026, compared to $5.4 million, or $0.77 per diluted share, for the three months ended March 31, 2025. For the three months ended March 31, 2026, the return on average assets was 1.26%, the retu…

• (1)Interest income and yields are presented on an FTE basis using the federal statutory income tax rate of 21%, net of nondeductible interest expense, for the three months ended March 31, 2026 and 2025. Such adjustments totaled $0.4 million and $0.2 million for the three months ended March 31, 2026 …

• (dollars in thousands)Total ChangeAverage VolumeAverage Rate

• U.S. government and federal agency obligations(602)(278)(324)

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• The Company's subsidiary bank is a full-service bank that conducts general banking business, offering its customers checking and savings accounts, debit cards, certificates of deposit, safety deposit boxes and a wide range of lending services, including commercial and industrial loans, residential r…

• Three Months Ended September 30,Nine Months Ended September 30,

• Average stockholders' equity to total assets8.747.808.587.54

• Consolidated net income was $6.1 million, or $0.88 per diluted share, and $17.6 million, or $2.53 per diluted share, for the three and nine months ended September 30, 2025, respectively, compared to $4.6 million, or $0.66 per diluted share, and $13.7 million, or $1.95 per diluted share, for the thre…

• Interest bearing deposits in other financial institutions23,0667954.6141,1491,7325.62

Text added vs the prior filing · source: 10-Q · 2026-05-08

• The change in the interest rate risk exposure from December 31, 2025 to March 31, 2026 is primarily due to moderately higher rates on interest bearing assets projected to reprice in the next 12 months and projected repricing speeds on interest bearing assets and liabilities. In an immediate and sust…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Hypothetical shift in interest ratesSeptember 30,December 31,

• The change in the interest rate risk exposure from September 30, 2025 to December 31, 2024 is primarily due to moderately higher rates on interest bearing assets projected to reprice in the next 12 months and projected repricing speeds on interest bearing assets and liabilities. In an immediate and …

Text added vs the prior filing · source: 10-Q · 2026-05-08

• Our Company’s management has evaluated, with the participation of our principal executive officer and principal financial officer, the effectiveness of our disclosure controls and procedures as of March 31, 2026. The term “disclosure controls and procedures,” as defined in Rules 13a - 15(e) and 15d …

• A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. During the p…

• Notwithstanding the material weakness, and based on additional analyses and other procedures management performed, we have concluded that our consolidated financial statements included in this Quarterly Report on Form 10-Q present fairly, in all material respects, our financial position and results …

• It should be noted that any system of disclosure controls and procedures, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any system of disclosure controls and procedures is based in pa…

• Except as disclosed above, there have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) or 15d-15(f) of the Securities Exchange Act of 1934) that occurred during the three months ended March 31,

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Our Company’s management has evaluated, with the participation of our principal executive officer and principal financial officer, the effectiveness of our disclosure controls and procedures as defined in Rules 13a – 15(e) or 15d – 15(e) of the Securities Exchange Act of 1934 as of September 30, 202…

• There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) or 15d-15(f) of the Securities Exchange Act of 1934) that occurred during the three months ended September 30, 2025 that have materially affected, or are reasonably likely to materially affect,…