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Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2020
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
Norwood Financial Corp (Parent Company Only) Financial | NOTE 20 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION BALANCE SHEETS
|  | December 31,
|  | 2020 |  | 2019
|  | (In Thousands)
ASSETS |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 854 |  | $ | 2,848
Investment in bank subsidiary |  |  | 195,035 |  |  | 135,433
Other assets |  |  | 2,337 |  |  | 1,875
Total assets |  | $ | 198,226 |  | $ | 140,156
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Liabilities |  | $ | 3,441 |  | $ | 2,728
Stockholders’ equity |  |  | 194,785 |  |  | 137,428
Total liabilities and stockholders' equity |  | $ | 198,226 |  | $ | 140,156
STATEMENTS OF INCOME
|  | Years Ended December 31,
|  | 2020 |  | 2019
Income: |  | (In Thousands)
Dividends from bank subsidiary |  | $ | 15,319 |  | $ | 6,113
Expenses |  |  | 1,704 |  |  | 637
|  |  | 13,615 |  |  | 5,476
Income tax benefit |  |  | (180) |  |  | (232)
|  |  | 13,795 |  |  | 5,708
Equity in undistributed earnings of subsidiary |  |  | 1,285 |  |  | 8,507
Net Income |  | $ | 15,080 |  | $ | 14,215
Comprehensive Income |  | $ | 19,012 |  | $ | 20,422
##### STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
|  | 2020 |  | 2019
|  | (In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net income |  | $ | 15,080 |  | $ | 14,215
Adjustments to reconcile net income to |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | (1,285) |  |  | (8,507)
Other, net |  |  | 28 |  |  | 335
Net Cash Provided by Operating Activities |  |  | 13,823 |  |  | 6,043
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |
Outlays for business combinations |  |  | (8,844) |  |  | —
Net Cash (Used in) Provided by Investing Activities |  |  | (8,844) |  |  | —
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Stock options exercised |  |  | 268 |  |  | 638
Sale of treasury stock for ESOP |  |  | 130 |  |  | 127
Acquisition of treasury stock |  |  | (108) |  |  | (428)
Cash dividends paid |  |  | (7,263) |  |  | (6,041)
Net Cash Used in Financing Activities |  |  | (6,973) |  |  | (5,704)
Net (Decrease) Increase in Cash and Cash Equivalents |  |  | (1,994) |  |  | 339
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 2,848 |  |  | 2,509
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 854 |  | $ | 2,848

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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 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 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 Reference 3: 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(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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