Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 233

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 233
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) after the system has completed its processing. The Company has determined that all performance obligations for monthly fees are typically met during the month or the same day as the customer has not met its obligation. As monthly fees are typically incurred by the customer throughout the month, the fees should be recognized upon completion of the month since the performance obligations have been met for those services. Account analysis service charges and fees are recorded on a monthly basis on the last day of the month. The Company has determined that all performance obligations for account analysis fees are met during the month. F-37

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Debit Card Income Debit card income consists of interchange fees from consumer debit card networks and other card related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur. Gains and Losses on Sale of Other Real Estate Owned The sale of other real estate owned is currently recognized on the closing date of sale when all performance obligations have been met, and control of the asset has been transferred to the buyer. Any gains or losses are included in noninterest expenses in the consolidated statements of income. For the Company, there are no other material revenue streams within the scope of Topic 606. The following tables present noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the twelve months ended December 31, 2024 and 2023, in thousands:

|                                                   |     |   Year Ended |       |     |      |     |   |
|:--------------------------------------------------|:----|-------------:|------:|:----|-----:|----:|:--|
|                                                   |     | December 31, |       |     |      |     |   |
| Noninterest income in scope of Topic 606          |     |         2024 |       |     | 2023 |     |   |
| Service charges on deposit accounts               |     |            $ |   204 |     |    $ | 176 |   |
| Debit card income                                 |     |              |   209 |     |      | 220 |   |
| Other service charges                             |     |              |    72 |     |      | 104 |   |
| Gain (loss) on disposal of premises and equipment |     |              |   494 |     |      | (52 | ) |
|