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Norwood Financial Corp (Parent Company Only) Financial Information
 12 Months Ended
Dec. 31, 2011
Norwood Financial Corp (Parent Company Only) Financial Information  
NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION
NOTE 16 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION

BALANCE SHEETS
  
         
December 31,
  
         
2011
    
2010
  
         
(In Thousands)
  
ASSETS
  
Cash on deposit in bank subsidiary
        
$
1,230
    
$
346
  
Securities available for sale
          
238
      
212
  
Investment in bank subsidiary
          
84,187
      
66,163
  
Other assets
          
3,434
      
1,812
  
         
$
89,089
    
$
68,533
  
LIABILITIES AND STOCKHOLDERS' EQUITY
  
Liabilities
        
$
1,028
    
$
835
  
Stockholders' equity
          
88,061
      
67,698
  
         
$
89,089
    
$
68,533
  
STATEMENTS OF INCOME
  
   
Years Ended December 31,
  
   
2011
       2010       2009  
   
(In Thousands)
  
Income:
                      
  Dividends from bank subsidiary
  
$
16,496
    
$
3,120
    
$
3,005
  
  Other interest income
    
9
      
17
      
19
  
  Net realized gain (loss) on sales of securities
    
—
      
66
 
    
(134
)
     
16,505
      
3,203
      
2,890
  
Expenses
    
980
      
323
      
176
  
     
15,525
      
2,880
      
2,714
  
Income tax benefit
    
(290
)
    
(82
)
    
(99
)
     
15,815
      
2,962
      
2,813
  
Equity in undistributed earnings of subsidiary
    
(8,459
)
    
4,351
      
4,250
  
Net Income
  
$
7,356
    
$
7,313
    
$
7,063
  
                         
STATEMENTS OF CASH FLOWS
  
   
Years Ended December 31,
  
     
2011
       2010       2009  
   
(In Thousands)
  
CASH FLOWS FROM OPERATING ACTIVITIES
                        
  Net income
  
$
7,356
    
$
7,313
    
$
7,063
  
  Adjustments to reconcile net income to 
    net cash provided by operating activities:
                        
    Undistributed earnings of bank subsidiary
    
8,459
      
(4,351
)
    
(4,250
)
    Net (gains) losses on sales of securities
    
-
      
(66
)
    
134
  
    Other, net
    
(506
)
    
(144
)
    
(300
)
  Net Cash Provided by Operating Activities
    
15,309
      
2,752
      
2,647
  
                         
CASH FLOWS FROM INVESTING ACTIVITIES
                        
  Proceeds from sale of securities
    
—
      
166
      
22
  
  Outlays for business acquisitions
    
(10,518
)
    
—
      
—
  
                         
    Net Cash Provided by Investing Activities
    
(10,518
)
    
166
      
22
  
                         
CASH FLOWS FROM FINANCING ACTIVITIES
                        
  Stock options exercised
    
51
      
163
      
517
  
  Tax benefit of stock options exercised
    
5
      
34
      
164
  
  ESOP purchase of shares from treasury stock
    
153
      
156
      
166
  
  Acquisition of treasury stock
    
(602
)
    
(529
)
    
(68
)
  Cash dividends paid
    
(3,514
)
    
(3,093
)
    
(2,967
)
    Net Cash Used in Financing Activities
    
(3,907
)
    
(3,269
)
    
(2,188
)
    Net Increase (Decrease) in Cash and Cash Equivalents
    
884
      
(351
)
    
481
  
                         
CASH AND CASH EQUIVALENTS - BEGINNING
    
346
      
697
      
216
  
CASH AND CASH EQUIVALENTS - ENDING
  
$
1,230
    
$
346
    
$
697