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Norwood Financial Corp (Parent Company Only) Financial Information (Tables) - Parent Company [Member] | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Statements, Captions [Line Items] |
Parent Company Only – Balance Sheets | 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
Parent Company Only – Statements of (loss) Income | 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
Parent Company Only – 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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