Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 221

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 221
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     |   |   3,000 |
| 2028       |     |   |   5,660 |
| 2029       |     |   |     460 |
| Thereafter |     |   |     474 |
|            |     | $ | 173,706 |

Certificates of deposit in denominations of $250,000 or more were approximately $38,513,000 and $39,357,000 at December 31, 2024 and 2023, respectively. Currently, amounts above $250,000 are not insured by the FDIC. At December 31, 2024 and 2023, the Company held approximately $24,817,000 and $4,943,000, respectively, in brokered deposits. F-26

PB BANKSHARES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Interest expense on deposits for the years ended December 31, 2024 and 2023 was composed of the following (in thousands):

|                                  |     |   |   2024 |     |   |  2023 |
|:---------------------------------|:----|:--|-------:|:----|:--|------:|
| Interest-bearing demand deposits |     | $ |  2,048 |     | $ | 1,314 |
| Savings deposits                 |     |   |     32 |     |   |    73 |
| Money market deposits            |     |   |  1,425 |     |   |   942 |
| Certificates of deposit          |     |   |  7,107 |     |   | 3,582 |
|                                  |     | $ | 10,612 |     | $ | 5,911 |

Deposits of related parties totaled $3,542,000 and $3,876,000 at December 31, 2024 and 2023, respectively. 7. Borrowings The Company has an unsecured line of credit with ACBB of up to $7,500,000, which expires on June 30, 2025, which it intends to renew annually. Interest on the line of credit is charged at fed funds rate plus 0.25%. The Company had no outstanding borrowings under the ACBB line of credit at December 31, 2024 and 2023. The Company has an unsecured line of credit with SouthState Bank N.A.