Company: NWFL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001013272-25-000004
Chunk: 2

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-11-07
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)

             September 30, December 31, 2025 2024ASSETS     Cash and due from banks$ 50,348 $ 27,562Interest-bearing deposits with banks  24,382   44,777Cash and cash equivalents  74,730   72,339Securities available for sale, at fair value (net of allowance for credit losses of $0)  403,989   397,846Loans receivable (net of allowance for credit losses of $19,911 and $19,843)   1,794,771   1,693,795Regulatory stock, at cost  6,163   13,366Bank premises and equipment, net  22,292   19,657Bank owned life insurance  45,821   46,657Accrued interest receivable  8,686   8,466Deferred tax assets, net  16,528   17,696Goodwill   29,266   29,266Other intangibles  109   152Other assets  9,596   18,222TOTAL ASSETS$ 2,411,951 $ 2,317,462LIABILITIES     Deposits:     Non-interest bearing demand$ 424,027 $ 381,479Interest-bearing  1,649,941   1,477,684Total deposits  2,073,968   1,859,163Short-term borrowings  —   113,069Other borrowings  72,071   101,793Accrued interest payable  9,823   12,615Other liabilities  21,184   17,314TOTAL LIABILITIES  2,177,046   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: 9,491,558 shares, 2024: 9,487,068 shares  949   949Surplus  127,190