Norwood Financial Corp. (NWFL) Financial Statements (2024 and earlier)

Company Profile

Business Address 717 MAIN ST
HONESDALE, PA 18431
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,866206,681111,69315,41518,34816,697
Cash and cash equivalents31,866206,681111,69315,41518,34816,697
Total current assets:31,866206,681111,69315,41518,34816,697
Noncurrent Assets
Operating lease, right-of-use asset 4,1094,5114,938 
Property, plant and equipment17,92417,28917,81414,22813,84613,864
Intangible assets, net (including goodwill)29,57229,67329,82011,56611,66711,793
Goodwill29,26629,26629,29011,33111,33111,331
Intangible assets, net (excluding goodwill)306407530235336462
Deferred income tax assets23,549   
Total noncurrent assets:75,15451,47352,57225,79425,51325,657
Other undisclosed assets1,940,0501,810,3501,687,5991,189,4011,140,6981,090,562
TOTAL ASSETS:2,047,0702,068,5041,851,8641,230,6101,184,5591,132,916
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt93,21560,82263,30362,25653,04642,530
Total current liabilities:93,21560,82263,30362,25653,04642,530
Noncurrent Liabilities
Other undisclosed liabilities1,786,7701,802,4201,593,7761,030,9261,009,228974,647
Total liabilities:1,879,9851,863,2421,657,0791,093,1821,062,2741,017,177
Equity
Equity, attributable to parent167,085205,262194,785137,428122,285115,739
Common stock829827824634630626
Treasury stock, value(3,308)(1,767)(342)(400)(81)(77)
Additional paid in capital96,89796,44395,38849,47148,32247,431
Accumulated other comprehensive income (loss)(57,353)(256)5,1191,187(5,020)(2,667)
Retained earnings130,020110,01593,79686,53678,43470,426
Total equity:167,085205,262194,785137,428122,285115,739
TOTAL LIABILITIES AND EQUITY:2,047,0702,068,5041,851,8641,230,6101,184,5591,132,916

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues75,66971,24758,98247,45342,51143,992
Net investment income75,66671,07058,45547,28442,49638,988
Cost of revenue(900)(4,200)(5,450)(1,250)(1,725)(2,200)
Provision for loan, lease, and other losses(900)(4,200)(5,450)(1,250)(1,725)
Financial services costs(2,200)
Gross profit:74,76967,04753,53246,20340,78641,792
Operating expenses(9,998)(9,248)(10,192)(7,037)(6,264)(18,893)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,906674540465827774
Operating income:66,67758,47343,88039,63135,34923,673
Nonoperating income
(Bank Owned Life Insurance Income)
1,0879418458301,1261,133
Interest and debt expense(7,269)(5,757)(7,979)(8,678)(5,657)(4,080)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (18,380)(14,960)(14,614)(5,977)
Income from continuing operations before equity method investments, income taxes:60,49553,65718,36616,82316,20414,749
Other undisclosed loss from continuing operations before income taxes(24,110)(22,797)    
Income from continuing operations before income taxes:36,38530,86018,36616,82316,20414,749
Income tax expense(7,152)(5,945)(3,286)(2,608)(2,553)(6,551)
Income from continuing operations:29,23324,91515,08014,21513,6518,198
Income before gain (loss) on sale of properties:24,91515,08014,21513,6518,198
Net income available to common stockholders, diluted:29,23324,91515,08014,21513,6518,198

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:29,23324,91515,08014,21513,6518,198
Other comprehensive income (loss)(57,097)(5,375)3,9326,207(2,353)1,886
Comprehensive income (loss), net of tax, attributable to parent:(27,864)19,54019,01220,42211,29810,084

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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