Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 233

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 233
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of ASU 2023-09 to have a material impact on its consolidated financial statements.

In November 2024, the Financial Accounting Standards Board (FASB)
issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” ASU 2024-03 requires public companies to disclose, in
the notes to the financial statements, specific information about certain costs and expenses at each interim and annual reporting period. This includes disclosing amounts related to employee compensation, depreciation, and intangible asset
amortization. In addition, public companies will need to provide qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. ASU 2024-03 is effective for public business
entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Implementation of ASU 2024-03 may be applied prospectively or retrospectively. The Company does not
expect the adoption of ASU 2024-03 to have a material impact on its consolidated financial statements.

F-49

3. Debt and Equity Securities The amortized cost, gross unrealized gains and losses, and fair value of securities available-for-sale and equity securities are as follows (in thousands):

| June 30, 2025                            |     | Amortized Cost |        |     | Gross Unrealized 
 Gains            |     |     | Gross Unrealized 
 Losses           |      |   |     | Fair Value |        |
|:-----------------------------------------|:----|:---------------|-------:|:----|:-----------------|----:|:----|:-----------------|:-----|:--|:----|:-----------|-------:|
| Debt securities:                         |     |                |        |     |                  |     |     |                  |      |   |     |            |        |
| Agency bonds                             |     | $              | 17,237 |     | $                |   — |     | $                | (226 | ) |     | $          | 17,011 |
| Corporate bonds                          |     |                |  5,811 |     |                  | 418 |     |                  | (72  | ) |     |            |  6,157 |
| Treasury securities                      |     |                |