XML 44 R26.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2023
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
Norwood Financial Corp (Parent Company Only) Financial Information | NOTE 18 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION 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
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)
##### 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

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration