Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 199

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 199
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 | ) |     |   |  (2,145 | ) |
| Advances of borrowings                                                            |     |              |       — |   |     |   |  19,675 |   |
| Repayments of borrowings                                                          |     |              | (12,644 | ) |     |   | (12,209 | ) |
| Net Cash Provided by Financing Activities                                         |     |              |   6,824 |   |     |   |  48,792 |   |
| Increase in cash and cash equivalents                                             |     |              |   5,339 |   |     |   |  15,234 |   |
| Cash and Cash Equivalents, Beginning of Period                                    |     |              |  32,438 |   |     |   |  17,204 |   |
| Cash and Cash Equivalents, End of Period                                          |     | $            |  37,777 |   |     | $ |  32,438 |   |
| Supplementary Cash Flows Information                                              |     |              |         |   |     |   |         |   |
| Interest paid                                                                     |     | $            |  12,170 |   |     | $ |   7,228 |   |
| Income taxes paid                                                                 |     |              |     480 |   |     |   |     592 |   |
| Supplementary Non-Cash Flows Information                                          |     |              |         |   |     |   |         |   |
| Right-of-use lease assets and liabilities                                         |     | $            |     847 |   |     | $ |       — |   |
| Unrealized gain on debt securities available-for-sale                             |     |              |   1,192 |   |     |   |     867 |   |

See accompanying notes to consolidated financial statements. F-5

PB BANKSHARES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Significant Accounting Policies

Organization and Nature of Operations

PB
Bankshares, Inc., a Maryland Corporation (the “Company”) is the holding company of Presence Bank (the “Bank”) and was formed in connection with the conversion of the Bank from the mutual to the stock form of organization. On
July 14, 2021, the mutual to stock conversion of the Bank was completed and the Company became the parent holding company for the Bank. Shares of the Company