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Norwood Financial Corp (Parent Company Only) Financial Information (Tables) - Parent Company [Member] | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items] |
Parent Company Only – Balance Sheets | BALANCE SHEETS
|  | December 31,
|  | 2023 |  | 2022
|  | (In Thousands)
ASSETS |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 1,699 |  | $ | 3,938
Investment in bank subsidiary |  |  | 180,508 |  |  | 164,248
Other assets |  |  | 2,666 |  |  | 2,365
Total assets |  | $ | 184,873 |  | $ | 170,551
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Liabilities |  | $ | 3,803 |  | $ | 3,466
Stockholders’ equity |  |  | 181,070 |  |  | 167,085
Total liabilities and stockholders' equity |  | $ | 184,873 |  | $ | 170,551
Parent Company Only – Statements of Income | STATEMENTS OF INCOME
|  | Years Ended December 31,
|  | 2023 |  | 2022
Income: |  | (In Thousands)
Dividends from bank subsidiary |  | $ | 9,483 |  | $ | 13,228
Expenses |  |  | 834 |  |  | 743
|  |  | 8,649 |  |  | 12,485
Income tax benefit |  |  | (245) |  |  | (219)
|  |  | 8,894 |  |  | 12,704
Equity in undistributed earnings of subsidiary |  |  | 7,865 |  |  | 16,529
Net Income |  | $ | 16,759 |  | $ | 29,233
Comprehensive Income (Loss) |  | $ | 26,764 |  | $ | (27,864)
Parent Company Only – Statements of Cash Flows |
|  | Years Ended December 31,
|  | 2023 |  | 2022
|  | (In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net income |  | $ | 16,759 |  | $ | 29,233
Adjustments to reconcile net income to |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | (7,865) |  |  | (16,529)
Other, net |  |  | 398 |  |  | 607
Net Cash Provided by Operating Activities |  |  | 9,292 |  |  | 13,311
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Stock options exercised |  |  | 886 |  |  | 657
Sale of treasury stock for ESOP |  |  | 100 |  |  | 132
Acquisition of treasury stock |  |  | (3,100) |  |  | (2,515)
Cash dividends paid |  |  | (9,417) |  |  | (9,158)
Net Cash Used in Financing Activities |  |  | (11,531) |  |  | (10,884)
Net (Decrease) Increase in Cash and Cash Equivalents |  |  | (2,239) |  |  | 2,427
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 3,938 |  |  | 1,511
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 1,699 |  | $ | 3,938

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