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Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2012
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION | NOTE 16 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION BALANCE SHEETS
|  | December 31, |
|  | 2012 |  | 2011 |
|  | (In Thousands) |
ASSETS |  |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 1,120 |  | $ | 1,230 |
Securities available for sale |  |  | 319 |  |  | 238 |
Investment in bank subsidiary |  |  | 88,412 |  |  | 84,187 |
Other assets |  |  | 3,591 |  |  | 3,434 |
|  | $ | 93,442 |  | $ | 89,089 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |
Liabilities |  | $ | 1,021 |  | $ | 1,028 |
Stockholders' equity |  |  | 92,421 |  |  | 88,061 |
|  | $ | 93,442 |  | $ | 89,089 |
STATEMENTS OF INCOME
|  | Years Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Income: |  | (In Thousands) |
Dividends from bank subsidiary |  | $ | 3,971 |  | $ | 16,496 |  | $ | 3,120 |
Other interest income |  |  | 6 |  |  | 9 |  |  | 17 |
Net realized gain on sales of securities |  |  | 73 |  |  | - |  |  | 66 |
|  |  | 4,050 |  |  | 16,505 |  |  | 3,203 |
Expenses |  |  | 296 |  |  | 980 |  |  | 323 |
|  |  | 3,754 |  |  | 15,525 |  |  | 2,880 |
Income tax benefit |  |  | (74 | ) |  | (290 | ) |  | (82 | )
|  |  | 3,828 |  |  | 15,815 |  |  | 2,962 |
Equity in undistributed earnings of subsidiary |  |  | 4,575 |  |  | (8,459 | ) |  | 4,351 |
Net Income |  | $ | 8,403 |  | $ | 7,356 |  | $ | 7,313 |
Comprehensive Income |  | $ | 7,885 |  | $ | 9,534 |  | $ | 6,360 |
##### STATEMENTS OF CASH FLOWS
|  | Years Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
|  | (In Thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 8,403 |  | $ | 7,356 |  | $ | 7,313 |
Adjustments to reconcile net income to |  |  |  |  |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | (4,575 | ) |  | 8,459 |  |  | (4,351 | )
Net gains on sales of securities |  |  | (68 | ) |  | — |  |  | (66 | )
Other, net |  |  | (181 | ) |  | (506 | ) |  | (144 | )
Net Cash Provided by Operating Activities |  |  | 3,579 |  |  | 15,309 |  |  | 2,752 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Proceeds from sale of securities |  |  | 114 |  |  | — |  |  | 166 |
Outlays for business acquisitions |  |  | — |  |  | (10,518 | ) |  | — |
Purchase of securities |  |  | (185 | ) |  | — |  |  | — |
Net Cash Provided by (used in) Investing Activities |  |  | (71 | ) |  | (10,518 | ) |  | 166 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |
Stock options exercised |  |  | 455 |  |  | 51 |  |  | 163 |
Tax benefit of stock options exercised |  |  | 30 |  |  | 5 |  |  | 34 |
ESOP purchase of shares from treasury stock |  |  | 149 |  |  | 153 |  |  | 156 |
Acquisition of treasury stock |  |  | (320 | ) |  | (602 | ) |  | (529 | )
Cash dividends paid |  |  | (3,932 | ) |  | (3,514 | ) |  | (3,093 | )
Net Cash Used in Financing Activities |  |  | (3,618 | ) |  | (3,907 | ) |  | (3,269 | )
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | (110 | ) |  | 884 |  |  | (351 | )
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 1,230 |  |  | 346 |  |  | 697 |
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 1,120 |  | $ | 1,230 |  | $ | 346 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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