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Norwood Financial Corp (Parent Company Only) Financial Information (Tables) - Parent Company [Member] | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items] |
Parent Company Only – Balance Sheets | BALANCE SHEETS
|  | December 31,
|  | 2022 |  | 2021
|  | (In Thousands)
ASSETS |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 3,938 |  | $ | 1,511
Investment in bank subsidiary |  |  | 164,248 |  |  | 204,547
Other assets |  |  | 2,365 |  |  | 2,472
Total assets |  | $ | 170,551 |  | $ | 208,530
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Liabilities |  | $ | 3,466 |  | $ | 3,268
Stockholders’ equity |  |  | 167,085 |  |  | 205,262
Total liabilities and stockholders' equity |  | $ | 170,551 |  | $ | 208,530
Parent Company Only – Statements of Income | STATEMENTS OF INCOME
|  | Years Ended December 31,
|  | 2022 |  | 2021
Income: |  | (In Thousands)
Dividends from bank subsidiary |  | $ | 13,228 |  | $ | 10,697
Expenses |  |  | 743 |  |  | 627
|  |  | 12,485 |  |  | 10,070
Income tax benefit |  |  | (219) |  |  | (171)
|  |  | 12,704 |  |  | 10,241
Equity in undistributed earnings of subsidiary |  |  | 16,529 |  |  | 14,674
Net Income |  | $ | 29,233 |  | $ | 24,915
Comprehensive Income |  | $ | (27,864) |  | $ | 19,540
Parent Company Only – Statements of Cash Flows | STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
|  | 2022 |  | 2021
|  | (In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net income |  | $ | 29,233 |  | $ | 24,915
Adjustments to reconcile net income to |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | (16,529) |  |  | (14,674)
Other, net |  |  | 607 |  |  | (129)
Net Cash Provided by Operating Activities |  |  | 13,311 |  |  | 10,112
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Stock options exercised |  |  | 657 |  |  | 394
Sale of treasury stock for ESOP |  |  | 132 |  |  | 130
Acquisition of treasury stock |  |  | (2,515) |  |  | (1,440)
Cash dividends paid |  |  | (9,158) |  |  | (8,539)
Net Cash Used in Financing Activities |  |  | (10,884) |  |  | (9,455)
Net Increase in Cash and Cash Equivalents |  |  | 2,427 |  |  | 657
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 1,511 |  |  | 854
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 3,938 |  | $ | 1,511

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