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Acquisition of Delaware Bancshares, Inc. (Tables) | 3 Months Ended
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Mar. 31, 2017
Acquisition of Delaware Bancshares, Inc. [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
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﻿(Dollars in Thousands, Except Per Share Data) |  |  |  |  |  |
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﻿Purchase Price Consideration in Common Stock
﻿Delaware Bancshares, Inc. common shares settled for stock |  |  | 694,114 |  |  |
﻿Exchange Ratio |  |  | 0.6221 |  |  |
﻿Norwood Financial Corp. shares issued |  |  | 431,605 |  |  |
﻿Value assigned to each Norwood Financial Corp. common share |  | $ | 28.15 |  |  |
﻿Purchase price assigned to Delaware Bancshares, Inc. common shares |  |  |  |  | $ | 12,150
﻿ exchanged for Norwood Financial Corp. shares |  |  |  |  |  |
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﻿Purchase Price Consideration - Cash for Common Stock |  |  |  |  |  |
﻿Delaware Bancshares, Inc. shares exchanged for cash |  |  | 231,385 |  |  |
﻿Purchase price paid to each Delaware Bancshares, Inc. common share exchanged for cash |  | $ | 16.68 |  |  |
﻿Purchase price assigned to Delaware Bancshares, Inc. common shares exchanged for cash |  |  |  |  | $ | 3,860
﻿Purchase price consideration - Cash-in-lieu of Fractional Shares |  |  |  |  |  | 6
﻿Total Purchase Price |  |  |  |  | $ | 16,016
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﻿Net Assets Acquired: |  |  |  |  |  |
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﻿Delaware Bancshares, Inc. shareholders' equity |  | $ | 19,357 |  |  |
﻿Delaware Bancshares, Inc. goodwill and intangibles |  |  | (7,640) |  |  |
﻿Total tangible equity |  |  | 11,717 |  |  |
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﻿Adjustments to reflect assets acquired at fair value: |  |  |  |  |  |
﻿Investments |  |  | 219 |  |  |
﻿Loans |  |  |  |  |  |
﻿ Interest rate |  |  | 1,486 |  |  |
﻿ General credit |  |  | (1,614) |  |  |
﻿ Specific credit - non-amortizing |  |  | (260) |  |  |
﻿ Specific credit - amortizing |  |  | (239) |  |  |
﻿Core deposit intangible |  |  | 449 |  |  |
﻿Deferred loan fees |  |  | (296) |  |  |
﻿Premises and equipment |  |  | 3,053 |  |  |
﻿Allowance for loan and lease losses |  |  | 1,651 |  |  |
﻿Deferred tax assets |  |  | (1,417) |  |  |
﻿Other |  |  | (97) |  |  |
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﻿Adjustments to reflect liabilities acquired at fair value: |  |  |  |  |  |
﻿Time deposits |  |  | (252) |  |  |
﻿ |  |  |  |  |  | 14,400
﻿Goodwill resulting from merger |  |  |  |  | $ | 1,616
﻿
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ﻿ ﻿ The following condensed statement reflects the values assigned to Delaware Bancshares, Inc. net assets as of acquisition date: ﻿
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﻿(In Thousands) |  |  |  |  |  |
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﻿Total purchase price |  |  |  |  | $ | 16,016
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﻿Net assets acquired: |  |  |  |  |  |
﻿Cash |  | $ | 14,977 |  |  |
﻿Securities available for sale |  |  | 208,488 |  |  |
﻿Loans |  |  | 116,674 |  |  |
﻿Premises and equipment, net |  |  | 7,292 |  |  |
﻿Regulatory stock |  |  | 279 |  |  |
﻿Accrued interest receivable |  |  | 1,626 |  |  |
﻿Bank-owned life insurance |  |  | 14,762 |  |  |
﻿Core deposit intangible |  |  | 449 |  |  |
﻿Deferred tax assets |  |  | 3,034 |  |  |
﻿Other assets |  |  | 3,282 |  |  |
﻿Time deposits |  |  | (71,342) |  |  |
﻿Deposits other than time deposits |  |  | (255,921) |  |  |
﻿Borrowings |  |  | (21,232) |  |  |
﻿Accrued interest payable |  |  | (95) |  |  |
﻿Other liabilities |  |  | (7,873) |  |  |
﻿ |  |  |  |  |  | 14,400
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﻿Goodwill resulting from Delaware Bancshares, Inc., Merger |  |  |  |  | $ | 1,616
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
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﻿ | (In thousands) |  |
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﻿ | 2017 | $ | 58
﻿ | 2018 |  | 70
﻿ | 2019 |  | 62
﻿ | 2020 |  | 54
﻿ | 2021 |  | 46
﻿ | After five years |  | 105
﻿ |  | $ | 395
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