Norwood Financial Corp (Parent Company Only) Financial Information (Tables) - Parent Company [Member]

12 Months Ended

Dec. 31, 2019

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