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Norwood Financial Corp (Parent Company Only) Financial Information (Tables) (Parent Company [Member])
 12 Months Ended
Dec. 31, 2014
Parent Company [Member]
  
Condensed Financial Statements, Captions [Line Items]  
Parent Company Only - Balance Sheets [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 
2014 

 
2013 

 

 

(In Thousands)

ASSETS

 

 

 

 

 

 

Cash on deposit in bank subsidiary

 

$
1,846 

 

$
1,205 

Securities available for sale

 

 
398 

 

 
328 

Investment in bank subsidiary

 

 
94,268 

 

 
87,589 

Other assets

 

 
3,900 

 

 
3,835 

  Total assets

 

$
100,412 

 

$
92,957 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

Liabilities

 

$
1,371 

 

$
1,093 

Stockholders’ equity

 

 
99,041 

 

 
91,864 

  Total liabilities and stockholders' equity

 

$
100,412 

 

$
92,957 

 

Parent Company Only - Statements of Income [Table Text Block]

STATEMENTS OF INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2014

 

2013

 

2012

Income:

 

(In Thousands)

Dividends from bank subsidiary

 

$
4,377 

 

$
4,216 

 

$
3,971 

Other interest income

 

 
10 

 

 
9 

 

 
6 

Net realized gain on sales of securities

 

 

 -

 

 

 -

 

 
73 

 

 

 
4,387 

 

 
4,225 

 

 
4,050 

Expenses

 

 
346 

 

 
267 

 

 
296 

 

 

 
4,041 

 

 
3,958 

 

 
3,754 

Income tax benefit

 

 
(114)

 

 
(88)

 

 
(74)

 

 

 
4,155 

 

 
4,046 

 

 
3,828 

Equity in undistributed earnings of subsidiary

 

 
3,502 

 

 
4,419 

 

 
4,575 

Net Income

 

$
7,657 

 

$
8,465 

 

$
8,403 

Comprehensive Income

 

$
10,721 

 

$
3,066 

 

$
7,885 

 

Parent Company Only - Statements of Cash Flows [Table Text Block]

STATEMENTS OF CASH FLOWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2014

 

2013

 

2012

 

 

(In Thousands)

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

Net income

 

$
7,657 

 

$
8,465 

 

$
8,403 

Adjustments to reconcile net income to

 

 

 

 

 

 

 

 

 

net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

Undistributed earnings of bank subsidiary

 

 
(3,502)

 

 
(4,419)

 

 
(4,575)

Net gains on sales of securities

 

 

 -

 

 

 -

 

 
(68)

Other, net

 

 
177 

 

 
(247)

 

 
(181)

Net Cash Provided by Operating Activities

 

 
4,332 

 

 
3,799 

 

 
3,579 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

 

Proceeds from sale of securities

 

 

 -

 

 

 -

 

 
114 

Purchase of securities

 

 

 -

 

 

 -

 

 
(185 

Net Cash Used in Investing Activities

 

 

 -

 

 

 -

 

 
(71)

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

Stock options exercised

 

 
691 

 

 
575 

 

 
455 

Tax benefit of stock options exercised

 

 
17 

 

 
39 

 

 
30 

ESOP purchase of shares from treasury stock

 

 
150 

 

 
146 

 

 
149 

Acquisition of treasury stock

 

 
(179)

 

 
(319)

 

 
(320)

Cash dividends paid

 

 
(4,370)

 

 
(4,155)

 

 
(3,932)

Net Cash Used in Financing Activities

 

 
(3,691)

 

 
(3,714)

 

 
(3,618)

Net Increase (Decrease) in Cash and Cash Equivalents

 

 
641 

 

 
85 

 

 
(110)

 

 

 

 

 

 

 

 

 

 

CASH AND CASH EQUIVALENTS - BEGINNING

 

 
1,205 

 

 
1,120 

 

 
1,230 

CASH AND CASH EQUIVALENTS - ENDING

 

$
1,846 

 

$
1,205 

 

$
1,120