Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 213

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 213
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 permitted. 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. Recently Adopted Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. This ASU requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”). Additionally, this ASU requires that at least one of the reported segment profit and loss measures should be the measure that is most consistent with the measurement principles used in an entity’s consolidated financial statements. Lastly, this ASU requires public business entities with a single reportable segment to provide all disclosures required by these amendments in this ASU and all existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company adopted this standard as of December 31, 2024 and the Company did not have a material impact on its consolidated financial statements. See discussion above in Note 1 for more details. 2. Debt and Equity Securities The amortized cost, gross unrealized gains and losses, and fair value of securities available-for-sale are as follows (in thousands):

| December 31, 2024                        |     | Amortized Cost |        |     | Gross Unrealized 
 Gains            |     |     | Gross Unrealized 
 Losses           |      |   |     | Fair Value |        |
|:-----------------------------------------|:----|:---------------|-------:|:----|:-----------------|----:|:----|:-----------------|:-----|:--|:----|:-----------|-------:|
| Debt securities:                         |     |                |        |     |                  |     |     |                  |      |   |     |            |        |
| Agency bonds                             |     | $              | 20,747 |     | $                |   — |     | $                | (582 | ) |     | $          | 20,165 |
| Corporate bonds                          |     |                |  4,465 |