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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,12031,866206,681111,69315,41518,348
Cash and cash equivalents66,12031,866206,681111,69315,41518,348
Total current assets:66,12031,866206,681111,69315,41518,348
Noncurrent Assets
Operating lease, right-of-use asset 3,9064,1094,5114,938 
Property, plant and equipment17,83817,92417,28917,81414,22813,846
Intangible assets, net (including goodwill)29,48729,57229,67329,82011,56611,667
Goodwill29,26629,26629,26629,29011,33111,331
Intangible assets, net (excluding goodwill)221306407530235336
Deferred income tax assets21,35323,549   
Total noncurrent assets:72,58475,15451,47352,57225,79425,513
Other undisclosed assets2,062,3751,940,0501,810,3501,687,5991,189,4011,140,698
TOTAL ASSETS:2,201,0792,047,0702,068,5041,851,8641,230,6101,184,559
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt74,07693,21560,82263,30362,25653,046
Total current liabilities:74,07693,21560,82263,30362,25653,046
Noncurrent Liabilities
Other undisclosed liabilities1,945,9331,786,7701,802,4201,593,7761,030,9261,009,228
Total liabilities:2,020,0091,879,9851,863,2421,657,0791,093,1821,062,274
Equity
Equity, attributable to parent181,070167,085205,262194,785137,428122,285
Common stock831829827824634630
Treasury stock, value(5,397)(3,308)(1,767)(342)(400)(81)
Additional paid in capital97,70096,89796,44395,38849,47148,322
Accumulated other comprehensive income (loss)(47,348)(57,353)(256)5,1191,187(5,020)
Retained earnings135,284130,020110,01593,79686,53678,434
Total equity:181,070167,085205,262194,785137,428122,285
TOTAL LIABILITIES AND EQUITY:2,201,0792,047,0702,068,5041,851,8641,230,6101,184,559

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues95,60375,66971,24758,98247,45342,511
Net investment income95,54075,66671,07058,45547,28442,496
Cost of revenue(5,548)(900)(4,200)(5,450)(1,250)(1,725)
Provision for loan, lease, and other losses(5,548)(900)(4,200)(5,450)(1,250)(1,725)
Gross profit:90,05574,76967,04753,53246,20340,786
Operating expenses(10,163)(9,998)(9,248)(10,192)(7,037)(6,264)
Other operating income, net
(Noninterest Income, Other Operating Income)
6671,906674540465827
Operating income:80,55966,67758,47343,88039,63135,349
Nonoperating income
(Bank Owned Life Insurance Income)
1,0121,0879418458301,126
Interest and debt expense(33,473)(7,269)(5,757)(7,979)(8,678)(5,657)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (18,380)(14,960)(14,614)
Income from continuing operations before equity method investments, income taxes:48,09860,49553,65718,36616,82316,204
Other undisclosed loss from continuing operations before income taxes(26,952)(24,110)(22,797)   
Income from continuing operations before income taxes:21,14636,38530,86018,36616,82316,204
Income tax expense(4,387)(7,152)(5,945)(3,286)(2,608)(2,553)
Income from continuing operations:16,75929,23324,91515,08014,21513,651
Income before gain (loss) on sale of properties:24,91515,08014,21513,651
Net income available to common stockholders, diluted:16,75929,23324,91515,08014,21513,651

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:16,75929,23324,91515,08014,21513,651
Other comprehensive income (loss)10,005(57,097)(5,375)3,9326,207(2,353)
Comprehensive income (loss), net of tax, attributable to parent:26,764(27,864)19,54019,01220,42211,298

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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