Company: NWFL
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001562762-25-000120
Chunk: 2

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 2
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NORWOOD FINANCIAL CORP

Consolidated Balance Sheets  (unaudited)

(dollars in thousands, except share and per share data)

             March 31, December 31, 2025 2024ASSETS     Cash and due from banks$ 31,729 $ 27,562Interest-bearing deposits with banks  43,678   44,777Cash and cash equivalents  75,407   72,339Securities available for sale, at fair value (net of allowance for credit losses of $0)  408,742   397,846Loans receivable (net of allowance for credit losses of $20,442 and $19,843)   1,750,827   1,693,795Regulatory stock, at cost  7,616   13,366Bank premises and equipment, net  20,273   19,657Bank owned life insurance  46,914   46,657Accrued interest receivable  8,587   8,466Deferred tax assets, net  17,859   17,696Goodwill   29,266   29,266Other intangibles  136   152Other assets  10,417   18,222TOTAL ASSETS$ 2,376,044 $ 2,317,462LIABILITIES     Deposits:     Non-interest bearing demand$ 391,377 $ 381,479Interest-bearing  1,613,071   1,477,684Total deposits  2,004,448   1,859,163Short-term borrowings  —   113,069Other borrowings  118,590   101,793Accrued interest payable  13,864   12,615Other liabilities  18,435   17,314TOTAL LIABILITIES  2,155,337   2,103,954STOCKHOLDERS’ EQUITY     Preferred stock, no par value per share,       authorized: 5,000,000 shares; issued: none  —   —Common stock, $0.10 par value per share,       authorized: 20,000,000 shares,       issued: 2025: 9,489,398 shares, 2024: 9,487,068 shares  949   949Surplus  126,785