Company: NWFL
Filing Date: 2025-10-08
Form Type: S-4/A
Source: 0001193125-25-234244
Chunk: 229

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-08
Form: S-4/A
Chunk 229
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2024 and 2023 (dollars in thousands):

| December 31, 2024                                 |     |            |     |     |                         |     |                                    |     |                          |
|:--------------------------------------------------|:----|:-----------|----:|:----|:------------------------|:----|:-----------------------------------|:----|:-------------------------|
| Asset Description                                 |     | Fair Value |     |     | Valuation Technique     |     | Unobservable Input                 |     | Range (Weighted Average) |
| Individually evaluated collateral dependent loans |     | $          | 396 |     | Appraisal of collateral |     | Selling expenses and discounts (1) |     | 18.9% (18.9%) (1)        |

| December 31, 2023                                 |     |            |    |     |                         |     |                                    |     |                          |
|:--------------------------------------------------|:----|:-----------|:---|:----|:------------------------|:----|:-----------------------------------|:----|:-------------------------|
| Asset Description                                 |     | Fair Value |    |     | Valuation Technique     |     | Unobservable Input                 |     | Range (Weighted Average) |
| Individually evaluated collateral dependent loans |     |            | $— |     | Appraisal of collateral |     | Selling expenses and discounts (1) |     | N/A                      |

| (1) | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated 
 liquidation expenses.                                                                                      |

F-36

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The carrying amounts and fair values of the Company’s financial instruments as of the indicated dates are presented in the following table:

|                                            |     | Fair Value 
 Hierarchy  
 Level      |       |     | December 31, 2024 |         |     |          |         |     | December 31, 2023 |         |     |   |         |
|:-------------------------------------------|:----|:-----------|------:|:----|:------------------|--------:|:----|:---------|--------:|:----|:------------------|--------:|:----|:--|--------:|
|                                            |     | Carrying   |       |     | Estimated         |         |     | Carrying |         |     | Estimated         |         |     |