Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 215

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 215
---
, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market yielding investments. Additionally, all securities remain highly rated and all issuers have continued to make timely payments of interest and principal. As the Company does not intend to sell these securities and it is more likely than not that the Company will not be required to sell the securities before recovery of their amortized cost basis, which may be maturity, the Company concluded that a credit loss did not exist in its portfolio at December 31, 2024 and 2023, and therefore, no allowance for credit losses was recorded. There were no securities sold during 2024 and 2023. The amortized cost and fair value of debt securities available-for-sale at December 31, 2024, by contractual maturity with yields, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands).

|                                          |     | Available-for-Sale 
 Amortized Cost     |        |     | Fair Value |        |     | Yield |      |   |
|:-----------------------------------------|:----|:-------------------|-------:|:----|:-----------|-------:|:----|:------|-----:|:--|
| Due less than one year                   |     | $                  | 38,161 |     | $          | 37,806 |     |       | 2.45 | % |
| Due one year through five years          |     |                    |  4,488 |     |            |  4,309 |     |       | 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 | % |