Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 240

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 240
---
4-03 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                      |     |                |  5,912 |     |                  |  15 |     |                  | —    |   |     |            |  5,927 |
| Mortgage-backed securities               |     |                |  3,858 |     |                  |  13 |     |                  | —    |   |     |            |  3,871 |
| Collateralized mortgage obligations      |     |                |  2,797 |     |                  |   — |     |                  | (163 | ) |     |            |  2,634 |
| Total available-for-sale debt securities |     | $              | 35,615 |     | $                | 446 |     | $                | (461 | ) |     | $          | 35,600