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Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2019
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
Norwood Financial Corp (Parent Company Only) Financial | ﻿ NOTE 18 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION ﻿ ﻿ BALANCE SHEETS ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿ |  | 2019 |  | 2018
﻿ |  | (In Thousands)
﻿ASSETS |  |  |  |  |  |
﻿Cash on deposit in bank subsidiary |  | $ | 2,848 |  | $ | 2,509
﻿Investment in bank subsidiary |  |  | 135,433 |  |  | 120,511
﻿Other assets |  |  | 1,875 |  |  | 1,739
﻿ Total assets |  | $ | 140,156 |  | $ | 124,759
﻿LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
﻿Liabilities |  | $ | 2,728 |  | $ | 2,474
﻿Stockholders’ equity |  |  | 137,428 |  |  | 122,285
﻿ Total liabilities and stockholders' equity |  | $ | 140,156 |  | $ | 124,759
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ STATEMENTS OF INCOME ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Years Ended December 31,
﻿ |  | 2019 |  | 2018
﻿Income: |  | (In Thousands)
﻿Dividends from bank subsidiary |  | $ | 6,113 |  | $ | 5,643
﻿ |  |  |  |  |  |
﻿Expenses |  |  | 637 |  |  | 618
﻿ |  |  | 5,476 |  |  | 5,025
﻿Income tax benefit |  |  | (232) |  |  | (217)
﻿ |  |  | 5,708 |  |  | 5,242
﻿Equity in undistributed earnings of subsidiary |  |  | 8,507 |  |  | 8,409
﻿Net Income |  | $ | 14,215 |  | $ | 13,651
﻿Comprehensive Income |  | $ | 20,422 |  | $ | 11,298
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ STATEMENTS OF CASH FLOWS ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Years Ended December 31,
﻿ |  | 2019 |  | 2018
﻿ |  | (In Thousands)
﻿CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
﻿Net income |  | $ | 14,215 |  | $ | 13,651
﻿Adjustments to reconcile net income to |  |  |  |  |  |
﻿net cash provided by operating activities: |  |  |  |  |  |
﻿Undistributed earnings of bank subsidiary |  |  | (8,507) |  |  | (8,409)
﻿Decrease in deferred income tax |  |  | - |  |  | 1,158
﻿Other, net |  |  | 335 |  |  | 387
﻿Net Cash Provided by Operating Activities |  |  | 6,043 |  |  | 6,787
﻿ |  |  |  |  |  |
﻿CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |
﻿ Investment in bank subsidiary |  |  | - |  |  | (4,000)
﻿Net Cash (Used in) Provided by Investing Activities |  |  | - |  |  | (4,000)
﻿ |  |  |  |  |  |
﻿CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
﻿ Stock options exercised |  |  | 638 |  |  | 520
﻿ Sale of treasury stock for ESOP |  |  | 127 |  |  | 123
﻿ Acquisition of treasury stock |  |  | (428) |  |  | (194)
﻿ Cash dividends paid |  |  | (6,041) |  |  | (5,509)
﻿Net Cash Used in Financing Activities |  |  | (5,704) |  |  | (5,060)
﻿Net (Decrease) Increase in Cash and Cash Equivalents |  |  | 339 |  |  | (2,273)
﻿ |  |  |  |  |  |
﻿CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 2,509 |  |  | 4,782
﻿CASH AND CASH EQUIVALENTS - ENDING |  | $ | 2,848 |  | $ | 2,509
﻿

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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/disclosureRef -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 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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