XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.20.2

Loans Receivable and Allowance for Loan Losses (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Loans Receivable and Allowance for Loan Losses [Abstract] |
Composition of the Loan Portfolio |
| June 30, 2020 |  |  | December 31, 2019 |
Real Estate Loans: |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 226,120 |  | 22.8 | % |  | $ | 229,781 |  | 24.9 | %
Commercial |  | 398,813 |  | 40.3 |  |  |  | 391,327 |  | 42.3 |
Construction |  | 15,182 |  | 1.5 |  |  |  | 17,732 |  | 1.9 |
Commercial loans |  | 194,917 |  | 19.7 |  |  |  | 134,150 |  | 14.5 |
Consumer loans to individuals |  | 155,696 |  | 15.7 |  |  |  | 151,686 |  | 16.4 |
Total loans |  | 990,728 |  | 100.0 | % |  |  | 924,676 |  | 100.0 | %
Deferred fees, net |  | (2,049) |  |  |  |  |  | (95) |  |  |
Total loans receivable |  | 988,679 |  |  |  |  |  | 924,581 |  |  |
Allowance for loan losses |  | (10,312) |  |  |  |  |  | (8,509) |  |  |
Net loans receivable | $ | 978,367 |  |  |  |  | $ | 916,072 |  |  |
Information Regarding Loans Acquired and Accounted for in Accordance With ASC 310-30 |
| June 30, 2020 |  | December 31, 2019
Outstanding Balance | $ | 766 |  | $ | 793
Carrying Amount | $ | 669 |  | $ | 696
Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment |
| Real Estate Loans |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Commercial |  | Consumer |  |  |
| Residential |  | Commercial |  | Construction |  | Loans |  | Loans |  | Total
June 30, 2020 | (In thousands)
Individually evaluated for impairment | $ | — |  | $ | 2,093 |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,093
Loans acquired with deteriorated credit quality |  | 457 |  |  | 212 |  |  | — |  |  | — |  |  | — |  |  | 669
Collectively evaluated for impairment |  | 225,663 |  |  | 396,508 |  |  | 15,182 |  |  | 194,917 |  |  | 155,696 |  |  | 987,966
Total Loans | $ | 226,120 |  | $ | 398,813 |  | $ | 15,182 |  | $ | 194,917 |  | $ | 155,696 |  | $ | 990,728
| Real Estate Loans |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Commercial |  | Consumer |  |  |
| Residential |  | Commercial |  | Construction |  | Loans |  | Loans |  | Total
December 31, 2019 | (In thousands)
Individually evaluated for impairment | $ | - |  | $ | 2,144 |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,144
Loans acquired with deteriorated credit quality |  | 476 |  |  | 220 |  |  | - |  |  | - |  |  | - |  |  | 696
Collectively evaluated for impairment |  | 229,305 |  |  | 388,963 |  |  | 17,732 |  |  | 134,150 |  |  | 151,686 |  |  | 921,836
Total Loans | $ | 229,781 |  | $ | 391,327 |  | $ | 17,732 |  | $ | 134,150 |  | $ | 151,686 |  | $ | 924,676
Impaired Loans and Related Interest Income by Loan Portfolio Class | The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.
|  |  |  | Unpaid |  |  |
| Recorded |  | Principal |  | Associated
| Investment |  | Balance |  | Allowance
June 30, 2020 |  |  |  |  | (in thousands) |  |
With no related allowance recorded: |  |  |  |  |  |  |  |
Real Estate Loans: |  |  |  |  |  |  |  |
Commercial | $ | 170 |  | $ | 370 |  | $ | —
Subtotal |  | 170 |  |  | 370 |  |  | —
With an allowance recorded: |  |  |  |  |  |  |  |
Real Estate Loans |  |  |  |  |  |  |  |
Commercial |  | 1,923 |  |  | 1,956 |  |  | 392
Subtotal |  | 1,923 |  |  | 1,956 |  |  | 392
Total: |  |  |  |  |  |  |  |
Real Estate Loans: |  |  |  |  |  |  |  |
Commercial |  | 2,093 |  |  | 2,326 |  |  | 392
Total Impaired Loans | $ | 2,093 |  | $ | 2,326 |  | $ | 392
|  |  |  | Unpaid |  |  |
| Recorded |  | Principal |  | Associated
| Investment |  | Balance |  | Allowance
December 31, 2019 |  |  |  |  | (in thousands) |  |
With no related allowance recorded: |  |  |  |  |  |  |  |
Real Estate Loans: |  |  |  |  |  |  |  |
Commercial | $ | 143 |  | $ | 394 |  | $ | —
Subtotal |  | 143 |  |  | 394 |  |  | —
With an allowance recorded: |  |  |  |  |  |  |  |
Real Estate Loans |  |  |  |  |  |  |  |
Commercial |  | 2,001 |  |  | 2,001 |  |  | 417
Subtotal |  | 2,001 |  |  | 2,001 |  |  | 417
Total: |  |  |  |  |  |  |  |
Real Estate Loans: |  |  |  |  |  |  |  |
Commercial |  | 2,144 |  |  | 2,395 |  |  | 417
Total Impaired Loans | $ | 2,144 |  | $ | 2,395 |  | $ | 417
The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month periods ended June 30, 2020 and 2019, respectively (in thousands):
| Average Recorded |  | Interest Income
| Investment |  | Recognized
| 2020 |  | 2019 |  | 2020 |  | 2019
Real Estate Loans: |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 2,094 |  |  | 601 |  |  | 3 |  |  | 24
Total | $ | 2,094 |  | $ | 601 |  | $ | 3 |  | $ | 24
The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the six-month periods ended June 30, 2020 and 2019, respectively (in thousands):
| Average Recorded |  | Interest Income
| Investment |  | Recognized
| 2020 |  | 2019 |  | 2020 |  | 2019
Real Estate Loans: |  |  |  |  |  |  |  |  |  |  |
Commercial |  | 2,096 |  |  | 840 |  |  | 6 |  |  | 24
Total | $ | 2,096 |  | $ | 840 |  | $ | 6 |  | $ | 24
Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating |
|  |  |  | Special |  |  |  |  | Doubtful |  |  |
| Pass |  | Mention |  | Substandard |  | or Loss |  | Total
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate loans | $ | 385,332 |  | $ | 10,413 |  | $ | 3,068 |  | $ | — |  | $ | 398,813
Commercial loans |  | 194,475 |  |  | 273 |  |  | 169 |  |  | — |  |  | 194,917
Total | $ | 579,807 |  | $ | 10,686 |  | $ | 3,237 |  | $ | — |  | $ | 593,730
|  |  |  | Special |  |  |  |  | Doubtful |  |  |
| Pass |  | Mention |  | Substandard |  | or Loss |  | Total
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate loans | $ | 376,109 |  | $ | 12,268 |  | $ | 2,950 |  | $ | — |  | $ | 391,327
Commercial loans |  | 133,695 |  |  | 248 |  |  | 207 |  |  | — |  |  | 134,150
Total | $ | 509,804 |  | $ | 12,516 |  | $ | 3,157 |  | $ | — |  | $ | 525,477
For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of June 30, 2020 and December 31, 2019 (in thousands):
| Performing |  | Nonperforming |  | Total
June 30, 2020 |  |  |  |  |  |  |  |
Residential real estate loans | $ | 225,655 |  | $ | 465 |  | $ | 226,120
Construction |  | 15,182 |  |  | — |  |  | 15,182
Consumer loans |  | 155,405 |  |  | 291 |  |  | 155,696
Total | $ | 396,242 |  | $ | 756 |  | $ | 396,998
| Performing |  | Nonperforming |  | Total
December 31, 2019 |  |  |  |  |  |  |  |
Residential real estate loans | $ | 229,214 |  | $ | 567 |  | $ | 229,781
Construction |  | 17,732 |  |  | — |  |  | 17,732
Consumer loans |  | 151,607 |  |  | 79 |  |  | 151,686
Total | $ | 398,553 |  | $ | 646 |  | $ | 399,199
Loan Portfolio Summarized by the Past Due Status |
| Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due and still accruing |  | Non-Accrual |  | Total Past Due and Non-Accrual |  | Total Loans
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 225,328 |  | $ | 245 |  | $ | 82 |  | $ | - |  | $ | 465 |  | $ | 792 |  | $ | 226,120
Commercial |  | 396,296 |  |  | 52 |  |  | 274 |  |  | - |  |  | 2,191 |  |  | 2,517 |  |  | 398,813
Construction |  | 15,182 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 15,182
Commercial loans |  | 194,823 |  |  | 69 |  |  | - |  |  | - |  |  | 25 |  |  | 94 |  |  | 194,917
Consumer loans |  | 155,265 |  |  | 97 |  |  | 43 |  |  | - |  |  | 291 |  |  | 431 |  |  | 155,696
Total | $ | 986,894 |  | $ | 463 |  | $ | 399 |  | $ | - |  | $ | 2,972 |  | $ | 3,834 |  | $ | 990,728
| Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due and still accruing |  | Non-Accrual |  | Total Past Due and Non-Accrual |  | Total Loans
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real Estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential | $ | 228,242 |  | $ | 727 |  | $ | 245 |  | $ | - |  | $ | 567 |  | $ | 1,539 |  | $ | 229,781
Commercial |  | 388,117 |  |  | 176 |  |  | 2,935 |  |  | - |  |  | 99 |  |  | 3,210 |  |  | 391,327
Construction |  | 17,695 |  |  | - |  |  | 37 |  |  | - |  |  | - |  |  | 37 |  |  | 17,732
Commercial loans |  | 134,018 |  |  | 82 |  |  | - |  |  | - |  |  | 50 |  |  | 132 |  |  | 134,150
Consumer loans |  | 151,309 |  |  | 233 |  |  | 65 |  |  | - |  |  | 79 |  |  | 377 |  |  | 151,686
Total | $ | 919,381 |  | $ | 1,218 |  | $ | 3,282 |  | $ | - |  | $ | 795 |  | $ | 5,295 |  | $ | 924,676
Allowance for Loan Losses and Recorded Investment in Financing Receivables |
(In thousands) | Residential Real Estate |  | Commercial Real Estate |  | Construction |  | Commercial |  | Consumer |  | Total
Beginning balance, December 31, 2019 | $ | 1,552 |  | $ | 4,687 |  | $ | 95 |  | $ | 949 |  | $ | 1,226 |  | $ | 8,509
Charge Offs |  | (1) |  |  | (33) |  |  | — |  |  | (18) |  |  | (192) |  |  | (244)
Recoveries |  | 3 |  |  | 6 |  |  | — |  |  | 18 |  |  | 20 |  |  | 47
Provision for loan losses |  | 98 |  |  | 1,419 |  |  | (9) |  |  | 127 |  |  | 365 |  |  | 2,000
Ending balance, June 30, 2020 | $ | 1,652 |  | $ | 6,079 |  | $ | 86 |  | $ | 1,076 |  | $ | 1,419 |  | $ | 10,312
Ending balance individually evaluated ‎for impairment | $ | — |  | $ | 392 |  | $ | — |  | $ | — |  | $ | — |  | $ | 392
Ending balance collectively evaluated ‎for impairment | $ | 1,652 |  | $ | 5,687 |  | $ | 86 |  | $ | 1,076 |  | $ | 1,419 |  | $ | 9,920
(In thousands) | Residential Real Estate |  | Commercial Real Estate |  | Construction |  | Commercial |  | Consumer |  | Total
Beginning balance, March 31, 2020 | $ | 1,644 |  | $ | 4,915 |  | $ | 87 |  | $ | 1,064 |  | $ | 1,378 |  | $ | 9,088
Charge Offs |  | - |  |  | - |  |  | - |  |  | (18) |  |  | (76) |  |  | (94)
Recoveries |  | 1 |  |  | 2 |  |  | - |  |  | 8 |  |  | 7 |  |  | 18
Provision for loan losses |  | 7 |  |  | 1,162 |  |  | (1) |  |  | 22 |  |  | 110 |  |  | 1,300
Ending balance, June 30, 2020 | $ | 1,652 |  | $ | 6,079 |  | $ | 86 |  | $ | 1,076 |  | $ | 1,419 |  | $ | 10,312
(In thousands) | Residential Real Estate |  | Commercial Real Estate |  | Construction |  | Commercial |  | Consumer |  | Total
Beginning balance, December 31, 2018 | $ | 1,328 |  | $ | 5,455 |  | $ | 93 |  | $ | 712 |  | $ | 864 |  | $ | 8,452
Charge Offs |  | (75) |  |  | (615) |  |  | — |  |  | (234) |  |  | (135) |  |  | (1,059)
Recoveries |  | 15 |  |  | 14 |  |  | — |  |  | 21 |  |  | 35 |  |  | 85
Provision for loan losses |  | 179 |  |  | (160) |  |  | 19 |  |  | 397 |  |  | 315 |  |  | 750
Ending balance, June 30, 2019 | $ | 1,447 |  | $ | 4,694 |  | $ | 112 |  | $ | 896 |  | $ | 1,079 |  | $ | 8,228
Ending balance individually evaluated ‎for impairment | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Ending balance collectively evaluated ‎for impairment | $ | 1,447 |  | $ | 4,694 |  | $ | 112 |  | $ | 896 |  | $ | 1,079 |  | $ | 8,228

X
- Definition Tabular disclosure of additional information regarding loans acquired and accounted for in accordance with ASC 310-30. + References No definition available. + Details
Name: | nwfl_AdditionalInformationRegardingLoansAcquiredAndAccountedForInAccordanceWithAsc31030TableTextBlock
Namespace Prefix: | nwfl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of loans in each category that were individually and collectively evaluated for impairment. + References No definition available. + Details
Name: | nwfl_ScheduleOfLoansIndividuallyAndCollectivelyEvaluatedForImpairmentTableTextBlock
Namespace Prefix: | nwfl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration