Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 102

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 102
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 | ) |
| FDIC insurance premiums        |     |                        |    46 |     |      |    70 |     |        | (24 | ) |     |         | (34.3 | ) |
| Pennsylvania shares tax        |     |                        |    87 |     |      |    73 |     |        |  14 |   |     |         |  19.2 |   |
| Debit card expenses            |     |                        |    38 |     |      |    39 |     |        |  (1 | ) |     |         |  (2.6 | ) |
| Other                          |     |                        |   233 |     |      |   182 |     |        |  51 |   |     |         |  28.0 |   |
| Total noninterest expenses     |     | $                      | 2,702 |     | $    | 2,487 |     | $      | 215 |   |     |         |   8.6 | % |

Noninterest expenses increased $215,000, or 8.6%, to $2.7 million for the three months ended June 30, 2025 from $2.5 million for the three months ended June 30, 2024. The increase in noninterest expenses was primarily 61

the result of increases in salaries and employee benefits of $227,000, an increase in other expense of $51,000 and an increase in occupancy and equipment expense of $33,000, partially offset by a decrease in data and item processing of $69,000. Salaries and employee benefits increased $227,000 primarily due to the hiring of additional full-time equivalent employees, annual salary increases and additional bonus accruals. Other expenses increased $51,000 primarily as the result of increases in stationery & supplies purchases and dues and subscriptions increases. Occupancy and equipment increased $33,000 primarily as the result of our new administrative office lease. Data and item processing decreased $69,000 primarily as the result of our investment in our information technology infrastructure in 2024. Income tax expense. Income tax expense increased $70,000, or 68.6%, to $172,000 for the three months ended June 30, 2025 from $102,000 for the three months ended June 30, 2024. The effective tax rates were 21.2% and