Company: NWFL
Filing Date: 2025-10-22
Form Type: 425
Source: 0001193125-25-245892
Chunk: 8

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-22
Form: 425
Chunk 8
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         | 3.63 | % |     |               |           |   |     |          |        |   |     |         | 3.43 | % |     |                    |           |   |     |          |        |   |     |         | 2.99 | % |

| (1) | Interest and yields are presented on a tax-equivalent basis using a 
 marginal tax rate of 21%.                                           |

| (2) | Average balances have been calculated based on daily balances. |

| (3) | Annualized |

| (4) | Loan balances include non-accrual loans and are net of unearned 
 income.                                                         |

| (5) | Loan yields include the effect of amortization of deferred fees, net of costs. |

NORWOOD FINANCIAL CORP NET INTEREST MARGIN ANALYSIS (dollars in thousands)

|                                                   |     |       Year to Date 
 September 30, 2025 |           |   |     |          |        |   |     |         |      |   |     | June 30, 2025 |           |   |     |          |        |   |     |         |      |   |     | September 30, 2024 |           |   |     |          |        |   |     |         |      |   |
|:--------------------------------------------------|:----|-------------------:|----------:|:--|:----|---------:|-------:|:--|:----|--------:|-----:|:--|:----|--------------:|----------:|:--|:----|---------:|-------:|:--|:----|--------:|-----:|:--|:----|-------------------:|----------:|:--|:----|---------:|-------:|:--|:----|--------:|-----:|:--|
|                                                   |     |            Average |           |   |     |          |        |   |     | Average |      |   |     |       Average |           |   |     |          |        |   |     | Average |      |   |     |            Average |           |   |     |          |        |   |     | Average |      |   |
|                                                   |     |            Balance |           |   |     | Interest |        |   |     |    Rate |      |   |     |       Balance |           |   |