Company: NWFL
Filing Date: 2025-10-08
Form Type: S-4/A
Source: 0001193125-25-234244
Chunk: 218

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-08
Form: S-4/A
Chunk 218
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173,706 |

Certificates of deposit in denominations of $250,000 or more were approximately $38,513,000 and $39,357,000 at December 31, 2024 and 2023, respectively. Currently, amounts above $250,000 are not insured by the FDIC. At December 31, 2024 and 2023, the Company held approximately $24,817,000 and $4,943,000, respectively, in brokered deposits. F-26

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Interest expense on deposits for the years ended December 31, 2024 and 2023 was composed of the following (in thousands):

|                                  |     |   |   2024 |     |   |  2023 |
|:---------------------------------|:----|:--|-------:|:----|:--|------:|
| Interest-bearing demand deposits |     | $ |  2,048 |     | $ | 1,314 |
| Savings deposits                 |     |   |     32 |     |   |    73 |
| Money market deposits            |     |   |  1,425 |     |   |   942 |
| Certificates of deposit          |     |   |  7,107 |     |   | 3,582 |
|                                  |     | $ | 10,612 |     | $ | 5,911 |

Deposits of related parties totaled $3,542,000 and $3,876,000 at December 31, 2024 and 2023, respectively. 7. Borrowings The Company has an unsecured line of credit with ACBB of up to $7,500,000, which expires on June 30, 2025, which it intends to renew annually. Interest on the line of credit is charged at fed funds rate plus 0.25%. The Company had no outstanding borrowings under the ACBB line of credit at December 31, 2024 and 2023. The Company has an unsecured line of credit with SouthState Bank N.A. of up to $5,000,000. There were no borrowings outstanding under the SouthState Bank, N.A. line of credit at December 31, 2024 and 2023. The Company also has the ability to borrow up to $1,876,000 through the Federal