Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 210

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 210
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       | 1.05 |   |
| Due after five years through ten years   |     |                    |  4,465 |     |            |  4,821 |     |       | 7.36 |   |
| Mortgage-backed securities               |     |                    |  1,526 |     |            |  1,496 |     |       | 4.73 |   |
| Collateralized mortgage obligations      |     |                    |  2,042 |     |            |  1,864 |     |       | 1.95 |   |
| Total available-for-sale debt securities |     | $                  | 50,682 |     | $          | 50,296 |     |       | 3.17 | % |

At December 31, 2024 and 2023, the Company had securities with a fair value totaling $1,954,000 and $1,878,000, respectively, pledged to secure borrowings. At December 31, 2024 and 2023, the Company had securities with a fair value totaling $22,047,000 and $15,073,000, respectively, pledged primarily for public fund depositors. At December 31, 2024 and December 31, 2023, the Company had accrued interest receivable on available for sale debt securities totaling $83,000 and $46,000, respectively. 3. Loans Receivable and Allowance for Credit Losses on Loans On January 1, 2023, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. All loan information presented as of December 31, 2024 and 2023 is in accordance with ASC 326. The Company’s loans are stated at their face amount and consist of the classes of loans included in the table below. The Company has elected to exclude accrued interest receivable, totaling $1.3 million at December 31, 2024 and December 31, 2023, from the amortized cost basis of loans. F-17

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Major classifications of net loans receivable at December 31, 2024 and 2023 are as follows (in thousands):

| Real estate:                   |     | December 31, 
 2024