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Norwood Financial Corp (Parent Company Only) Financial Information | 12 Months Ended
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Dec. 31, 2024
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract] |
Norwood Financial Corp (Parent Company Only) Financial Information | NOTE 19 - NORWOOD FINANCIAL CORP (PARENT COMPANY ONLY) FINANCIAL INFORMATION BALANCE SHEETS
|  | December 31,
|  | 2024 |  | 2023
|  | (In Thousands)
ASSETS |  |  |  |  |  |
Cash on deposit in bank subsidiary |  | $ | 2,224 |  | $ | 1,699
Investment in bank subsidiary |  |  | 212,754 |  |  | 180,508
Other assets |  |  | 3,119 |  |  | 2,666
Total assets |  | $ | 218,097 |  | $ | 184,873
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Liabilities |  | $ | 4,589 |  | $ | 3,803
Stockholders’ equity |  |  | 213,508 |  |  | 181,070
Total liabilities and stockholders' equity |  | $ | 218,097 |  | $ | 184,873
STATEMENTS OF (LOSS) INCOME
|  | Years Ended December 31,
|  | 2024 |  | 2023
Income: |  | (In Thousands)
Dividends from bank subsidiary |  | $ | 11,736 |  | $ | 9,483
Expenses |  |  | 992 |  |  | 834
|  |  | 10,744 |  |  | 8,649
Income tax benefit |  |  | (224) |  |  | (245)
|  |  | 10,968 |  |  | 8,894
Equity in undistributed earnings of subsidiary |  |  | (11,128) |  |  | 7,865
Net (Loss) Income |  | $ | (160) |  | $ | 16,759
Comprehensive Income |  | $ | 14,067 |  | $ | 26,764
##### STATEMENTS OF CASH FLOWS
|  | Years Ended December 31,
|  | 2024 |  | 2023
|  | (In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net (loss) income |  | $ | (160) |  | $ | 16,759
Adjustments to reconcile net (loss) income to |  |  |  |  |  |
net cash provided by operating activities: |  |  |  |  |  |
Undistributed earnings of bank subsidiary |  |  | 11,128 |  |  | (7,865)
Other, net |  |  | 294 |  |  | 398
Net Cash Provided by Operating Activities |  |  | 11,262 |  |  | 9,292
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |
Investment in bank subsidiary |  |  | (28,800) |  |  | —
Net Cash Used in Investing Activities |  |  | (28,800) |  |  | —
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Stock options exercised |  |  | 269 |  |  | 886
Sale of treasury stock for ESOP |  |  | 100 |  |  | 100
Acquisition of treasury stock |  |  | (703) |  |  | (3,100)
Capital issuance |  |  | 28,116 |  |  | —
Cash dividends paid |  |  | (9,719) |  |  | (9,417)
Net Cash Used in Financing Activities |  |  | 18,063 |  |  | (11,531)
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | 525 |  |  | (2,239)
CASH AND CASH EQUIVALENTS - BEGINNING |  |  | 1,699 |  |  | 3,938
CASH AND CASH EQUIVALENTS - ENDING |  | $ | 2,224 |  | $ | 1,699

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- 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/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
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