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Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2013
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION | NOTE 17 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION BALANCE SHEETS
|  | December 31,
|  | 2013 |  | 2012
|  | (In Thousands)
ASSETS |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 1,205 |  | $ | 1,120
Securities available for sale |  |  | 328 |  |  | 319
Investment in bank subsidiary |  |  | 87,589 |  |  | 88,412
Other assets |  |  | 3,835 |  |  | 3,591
Total assets |  | $ | 92,957 |  | $ | 93,442
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Liabilities |  | $ | 1,093 |  | $ | 1,021
Stockholders’ equity |  |  | 91,864 |  |  | 92,421
Total liabilities and stockholders' equity |  | $ | 92,957 |  | $ | 93,442
STATEMENTS OF INCOME
|  | Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
Income: |  | (In Thousands)
Dividends from bank subsidiary |  | $ | 4,216 |  | $ | 3,971 |  | $ | 16,496
Other interest income |  |  | 9 |  |  | 6 |  |  | 9
Net realized gain on sales of securities |  |  | - |  |  | 73 |  |  | -
|  |  | 4,225 |  |  | 4,050 |  |  | 16,505
Expenses |  |  | 267 |  |  | 296 |  |  | 980
|  |  | 3,958 |  |  | 3,754 |  |  | 15,525
Income tax benefit |  |  | (88) |  |  | (74) |  |  | (290)
|  |  | 4,046 |  |  | 3,828 |  |  | 15,815
Equity in undistributed earnings of subsidiary |  |  | 4,419 |  |  | 4,575 |  |  | (8,459)
Net Income |  | $ | 8,465 |  | $ | 8,403 |  | $ | 7,356
Comprehensive Income |  | $ | 3,066 |  | $ | 7,885 |  | $ | 9,534
STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
|  | (In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income |  | $ | 8,465 |  | $ | 8,403 |  | $ | 7,356
Adjustments to reconcile net income to |  |  |  |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | (4,419) |  |  | (4,575) |  |  | 8,459
Net gains on sales of securities |  |  | - |  |  | (68) |  |  | --
Other, net |  |  | (247) |  |  | (181) |  |  | (506)
Net Cash Provided by Operating Activities |  |  | 3,799 |  |  | 3,579 |  |  | 15,309
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from sale of securities |  |  | - |  |  | 114 |  |  | -
Outlays for business acquisitions |  |  | - |  |  | - |  |  | (10,518)
Purchase of securities |  |  | - |  |  | (185 |  |  | -
Net Cash Used in Investing Activities |  |  | - |  |  | (71) |  |  | (10,518)
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Stock options exercised |  |  | 575 |  |  | 455 |  |  | 51
Tax benefit of stock options exercised |  |  | 39 |  |  | 30 |  |  | 5
ESOP purchase of shares from treasury stock |  |  | 146 |  |  | 149 |  |  | 153
Acquisition of treasury stock |  |  | (319) |  |  | (320) |  |  | (602)
Cash dividends paid |  |  | (4,155) |  |  | (3,932) |  |  | (3,514)
Net Cash Used in Financing Activities |  |  | (3,714) |  |  | (3,618) |  |  | (3,907)
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | 85 |  |  | (110) |  |  | 884
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 1,120 |  |  | 1,230 |  |  | 346
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 1,205 |  | $ | 1,120 |  | $ | 1,230

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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 06 -Article 9 Reference 2: 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=26873400&loc=d3e24072-122690 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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