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Acquisition of UpState New York Bancorp, Inc. and USNY Bank. (Tables)
 12 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Future Amortization Expense 2022$ 1012023 852024 692025 542026 38Thereafter 60 $ 407
UpState New York Bancorp, Inc. [Member]  
Business Acquisition [Line Items]  
Summary of Purchase (Dollars in Thousands, Except Per Share Data) Purchase Price Consideration in Common StockUpState New York Bancorp, Inc. common shares settled for stock 1,987,206 Exchange Ratio 0.9390 Norwood Financial Corp shares issued 1,865,738 Value assigned to each Norwood Financial Corp common share$ 24.30 Purchase price assigned to UpState New York Bancorp, Inc. common shares $ 45,337 exchanged for Norwood Financial Corp shares Purchase Price Consideration - Cash for Common Stock UpState New York Bancorp, Inc. shares exchanged for cash, excluding fractional shares 220,794 Purchase price paid to each UpState New York Bancorp, Inc. common share exchanged for cash$ 33.33 Purchase price assigned to UpState New York Bancorp, Inc. common shares exchanged for cash $ 7,359Purchase price additional cash consideration per share 1,479Purchase price consideration - Cash-in-lieu of Fractional Shares 6Total Purchase Price $ 54,181 Net Assets Acquired: UpState New York Bancorp, Inc. shareholders' equity$ 44,803 UpState New York Bancorp, Inc. goodwill and intangibles - Total tangible equity 44,803 Adjustments to reflect assets acquired at fair value: Investments (112) Loans Interest rate 3,982 General credit (10,529) Specific credit - non-amortizing (5,213) Specific credit - amortizing (1,724) Core deposit intangible 409 Deferred loan fees (812) Premises and equipment (1,211) Allowance for loan and lease losses 5,982 Deferred tax assets 3,730 Other (48) Adjustments to reflect liabilities acquired at fair value: Time deposits (3,011) Net assets acquired 36,246Goodwill resulting from merger $ 17,935
Schedule of Business Acquisitions, by Acquisition (In Thousands) Total purchase price $ 54,181 Net assets acquired: Cash$ 24,037 Securities available for sale 13,836 Loans 405,221 Premises and equipment, net 4,318 Regulatory stock 2,487 Accrued interest receivable 1,426 Core deposit intangible 564 Other assets 5,398 Deposits (414,370) Accrued interest payable (175) Other liabilities (6,496) Total identifiable net assets acquired 36,246 Goodwill resulting from UpState New York Bancorp, Inc. Merger $ 17,935
Future Amortization Expense (In thousands) 2022$632023 562024 482025 41After five years 93 $301
Proforma Actual From Acquisition Date Through December 31,2020 (in thousands) Net interest income after provision for loan losses$ 7,291Noninterest income$ 313
Nonrecurring Adjustments Pro Forma Twelve Months Ended December 31,(In Thousands, Except Per Share Data) 2020Net interest income after provision for loan losses $ 52,897Noninterest income 8,726Net income 20,613Pro forma earnings per share: Basic $ 2.52 Diluted $ 2.52