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Norwood Financial Corp (Parent Company Only) Financial Information

12 Months Ended

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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- References

No definition available.

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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

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