Company: NWFL
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001562762-25-000204
Chunk: 2

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 2
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NORWOOD FINANCIAL CORP

Consolidated Balance Sheets  (unaudited)

(dollars in thousands, except share and per share data)

             June 30, December 31, 2025 2024ASSETS     Cash and due from banks$ 32,052 $ 27,562Interest-bearing deposits with banks  20,993   44,777Cash and cash equivalents  53,045   72,339Securities available for sale, at fair value (net of allowance for credit losses of $0)  402,460   397,846Loans receivable (net of allowance for credit losses of $20,908 and $19,843)   1,769,666   1,693,795Regulatory stock, at cost  7,538   13,366Bank premises and equipment, net  21,608   19,657Bank owned life insurance  46,099   46,657Accrued interest receivable  8,642   8,466Deferred tax assets, net  17,693   17,696Goodwill   29,266   29,266Other intangibles  121   152Other assets  9,212   18,222TOTAL ASSETS$ 2,365,350 $ 2,317,462LIABILITIES     Deposits:     Non-interest bearing demand$ 406,358 $ 381,479Interest-bearing  1,591,476   1,477,684Total deposits  1,997,834   1,859,163Short-term borrowings  26,500   113,069Other borrowings  85,350   101,793Accrued interest payable  10,975   12,615Other liabilities  19,266   17,314TOTAL LIABILITIES  2,139,925   2,103,954STOCKHOLDERS’ EQUITY     Preferred stock, no par value per share,       authorized: 5,000,000 shares; issued: none  —   —Common stock, $0.10 par value per share,       authorized: 20,000,000 shares,       issued: 2025: 9,490,505 shares, 2024: 9,487,068 shares  949   949Surplus  126