Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 212

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 212
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 allowance for credit losses is not warranted. Loans that do not currently expose the insured institution to sufficient risk to warrant classification in one of the aforementioned categories but possess weaknesses are designated as special mention by our management. Loans that are performing as agreed are classified as pass. F-21

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2024 (in thousands); as well as gross charge-offs (in thousands) for the year ended December 31, 2024.

| Real estate: one- to four-family residential       |     | Year of Origination 
 2024                |        |     | 2023 |        |     | 2022 |        |     | 2021 |        |     | 2020 |        |     | Prior |        |   |     | Revolving 
 Loans     |        |   |     | Revolving    
 Loans        
 Converted to 
 Term Loans   |       |     | Total |         |   |
|:---------------------------------------------------|:----|:--------------------|-------:|:----|:-----|-------:|:----|:-----|-------:|:----|:-----|-------:|:----|:-----|-------:|:----|:------|-------:|:--|:----|:----------|-------:|:--|:----|:-------------|------:|:----|:------|--------:|:--|
| Pass                                               |     | $                   |  4,884 |     | $    |  8,036 |     | $    | 16,823 |     | $    | 16,203 |     | $    | 11,547 |     | $     | 34,873 |   |     | $         |  9,645 |   |     | $            | 1,071 |     | $     | 103,082 |   |
| Special Mention                                    |     |                     |      — |     |      |      — |     |      |      — |     |      |      — |     |      |      — |     |       |    173 |   |     |           |      — |   |     |              |     — |     |