Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 230

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 230
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293 |   |
| Cash and Cash Equivalents, Beginning of Period                                |     |                  | 37,777 |   |     |      |  32,438 |   |
| Cash and Cash Equivalents, End of Period                                      |     | $                | 55,906 |   |     | $    |  54,731 |   |
| Supplementary Cash Flows Information                                          |     |                  |        |   |     |      |         |   |
| Interest paid                                                                 |     | $                |  5,972 |   |     | $    |   5,914 |   |
| Income taxes paid                                                             |     |                  |    230 |   |     |      |     140 |   |
| Supplementary Non-Cash Flows Information                                      |     |                  |        |   |     |      |         |   |
| Recognition of lease liabilities arising from right-of-use lease assets       |     | $                |    107 |   |     | $    |      43 |   |
| Unrealized gains on debt securities available-for-sale                        |     |                  |    371 |   |     |      |     211 |   |

The accompanying notes are an integral part of these condensed consolidated financial statements. F-47

1. Basis of Presentation

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 began trading on the Nasdaq Capital Market on July 15, 2021. The Company is
subject to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve Bank”).

The Bank is a state-chartered
savings bank established in 1919. The main office is located in Coatesville, Pennsylvania with three other branches located in New Holland, Oxford, and Georgetown, Pennsylvania. The Bank is principally engaged in the business of attracting deposits
from the general public and using these deposits, together with borrowings and other funds, to make loans primarily secured by real estate and, to a lesser extent, consumer loans. The Bank competes with other banking and financial institutions in