XML 55 R25.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2016
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,
﻿ |  | 2016 |  | 2015
﻿ |  | (In Thousands)
﻿ASSETS |  |  |  |  |  |
﻿Cash on deposit in bank subsidiary |  | $ | 3,005 |  | $ | 2,151
﻿Securities available for sale |  |  | 397 |  |  | 384
﻿Investment in bank subsidiary |  |  | 105,138 |  |  | 95,895
﻿Other assets |  |  | 4,539 |  |  | 4,113
﻿ Total assets |  | $ | 113,079 |  | $ | 102,543
﻿LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
﻿Liabilities |  | $ | 2,000 |  | $ | 1,545
﻿Stockholders’ equity |  |  | 111,079 |  |  | 100,998
﻿ Total liabilities and stockholders' equity |  | $ | 113,079 |  | $ | 102,543
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ STATEMENTS OF INCOME ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended December 31,
﻿ |  | 2016 |  | 2015 |  | 2014
﻿Income: |  | (In Thousands)
﻿Dividends from bank subsidiary |  | $ | 28,598 |  | $ | 4,574 |  | $ | 4,377
﻿Other interest income |  |  | 12 |  |  | 11 |  |  | 10
﻿ |  |  | 28,610 |  |  | 4,585 |  |  | 4,387
﻿Expenses |  |  | 1,347 |  |  | 313 |  |  | 346
﻿ |  |  | 27,263 |  |  | 4,272 |  |  | 4,041
﻿Income tax benefit |  |  | (225) |  |  | (103) |  |  | (114)
﻿ |  |  | 27,488 |  |  | 4,375 |  |  | 4,155
﻿Equity in undistributed earnings of subsidiary |  |  | (20,777) |  |  | 1,533 |  |  | 3,502
﻿Net Income |  | $ | 6,711 |  | $ | 5,908 |  | $ | 7,657
﻿Comprehensive Income |  | $ | 2,104 |  | $ | 5,934 |  | $ | 10,721
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ STATEMENTS OF CASH FLOWS ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended December 31,
﻿ |  | 2016 |  | 2015 |  | 2014
﻿ |  | (In Thousands)
﻿CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
﻿Net income |  | $ | 6,711 |  | $ | 5,908 |  | $ | 7,657
﻿Adjustments to reconcile net income to |  |  |  |  |  |  |  |  |
﻿net cash provided by operating activities: |  |  |  |  |  |  |  |  |
﻿Undistributed earnings of bank subsidiary |  |  | 20,777 |  |  | (1,533) |  |  | (3,502)
﻿Other, net |  |  | (305) |  |  | (19) |  |  | 177
﻿Net Cash Provided by Operating Activities |  |  | 27,183 |  |  | 4,356 |  |  | 4,332
﻿ |  |  |  |  |  |  |  |  |
﻿CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
﻿ Outlays for busines acquisitions |  |  | (2,324) |  |  | - |  |  | -
﻿Net Cash Used in Investing Activities |  |  | (2,324) |  |  | - |  |  | -
﻿ |  |  |  |  |  |  |  |  |
﻿CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
﻿ Repayment of borrowings |  |  | (19,856) |  |  | - |  |  | -
﻿ Stock options exercised |  |  | 843 |  |  | 441 |  |  | 691
﻿ Tax benefit of stock options exercised |  |  | 38 |  |  | 16 |  |  | 17
﻿ ESOP purchase of shares from treasury stock |  |  | 131 |  |  | 146 |  |  | 150
﻿ Purchase of treasury stock |  |  | (447) |  |  | (127) |  |  | (179)
﻿ Cash dividends paid |  |  | (4,714) |  |  | (4,527) |  |  | (4,370)
﻿Net Cash Used in Financing Activities |  |  | (24,005) |  |  | (4,051) |  |  | (3,691)
﻿Net Increase in Cash and Cash Equivalents |  |  | 854 |  |  | 305 |  |  | 641
﻿ |  |  |  |  |  |  |  |  |
﻿CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 2,151 |  |  | 1,846 |  |  | 1,205
﻿CASH AND CASH EQUIVALENTS - ENDING |  | $ | 3,005 |  | $ | 2,151 |  | $ | 1,846
﻿

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration