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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