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Norwood Financial Corp (Parent Company Only) Financial Information (Tables) - Parent Company [Member]
12 Months Ended
Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]  
Parent Company Only – Balance Sheets BALANCE SHEETS December 31, 2021 2020 (In Thousands)ASSETS Cash on deposit in bank subsidiary $ 1,511 $ 854Investment in bank subsidiary 204,547 195,035Other assets 2,472 2,337 Total assets $ 208,530 $ 198,226LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities $ 3,268 $ 3,441Stockholders’ equity 205,262 194,785 Total liabilities and stockholders' equity $ 208,530 $ 198,226
Parent Company Only – Statements of Income STATEMENTS OF INCOME Years Ended December 31, 2021 2020Income: (In Thousands)Dividends from bank subsidiary $ 10,697 $ 15,319 Expenses 627 1,704 10,070 13,615Income tax benefit (171) (180) 10,241 13,795Equity in undistributed earnings of subsidiary 14,674 1,285Net Income $ 24,915 $ 15,080Comprehensive Income $ 19,540 $ 19,012
Parent Company Only – Statements of Cash Flows STATEMENTS OF CASH FLOWS Years Ended December 31, 2021 2020 (In Thousands)CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 24,915 $ 15,080Adjustments to reconcile net income to net cash provided by operating activities: Undistributed earnings of bank subsidiary (14,674) (1,285)Other, net (129) 28Net Cash Provided by Operating Activities 10,112 13,823 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 394 268 Sale of treasury stock for ESOP 130 130 Acquisition of treasury stock (1,440) (108) Cash dividends paid (8,539) (7,263)Net Cash Used in Financing Activities (9,455) (6,973)Net Increase (Decrease) in Cash and Cash Equivalents 657 (1,994) CASH AND CASH EQUIVALENTS - BEGINNING 854 2,848CASH AND CASH EQUIVALENTS - ENDING $ 1,511 $ 854