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

12 Months Ended

Dec. 31, 2020

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