Norwood Financial Corp. (NWFL) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,33966,12031,866206,681111,69315,415
Cash and cash equivalent72,33966,12031,866206,681111,69315,415
Total current assets:72,33966,12031,866206,681111,69315,415
Noncurrent Assets
Operating lease, right-of-use asset 3,7733,9064,1094,5114,938 
Property, plant and equipment19,65717,83817,92417,28917,81414,228
Intangible assets, net (including goodwill)29,41829,48729,57229,67329,82011,566
Goodwill29,26629,26629,26629,26629,29011,331
Intangible assets, net (excluding goodwill)152221306407530235
Deferred income tax assets17,69621,35323,549   
Total noncurrent assets:70,54472,58475,15451,47352,57225,794
Other undisclosed assets2,174,5792,062,3751,940,0501,810,3501,687,5991,189,401
TOTAL ASSETS:2,317,4622,201,0792,047,0702,068,5041,851,8641,230,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 113,06974,07693,21560,82263,30362,256
Total current liabilities: 113,06974,07693,21560,82263,30362,256
Noncurrent Liabilities
Other undisclosed liabilities1,990,8851,945,9331,786,7701,802,4201,593,7761,030,926
Total liabilities:2,103,9542,020,0091,879,9851,863,2421,657,0791,093,182
Equity
Equity, attributable to parent213,508181,070167,085205,262194,785137,428
Common stock949831829827824634
Treasury stock, value(5,797)(5,397)(3,308)(1,767)(342)(400)
Additional paid in capital98,51397,70096,89796,44395,38849,471
Accumulated other comprehensive income (loss)(33,121)(47,348)(57,353)(256)5,1191,187
Retained earnings152,964135,284130,020110,01593,79686,536
Total equity:213,508181,070167,085205,262194,785137,428
TOTAL LIABILITIES AND EQUITY:2,317,4622,201,0792,047,0702,068,5041,851,8641,230,610

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues112,77595,60375,66971,24758,98247,453
Net investment income112,58095,54075,66671,07058,45547,284
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,673)(5,548)(900)(4,200)(5,450)(1,250)
Gross profit:110,10290,05574,76967,04753,53246,203
Operating expenses(12,235)(10,163)(9,998)(9,248)(10,192)(7,037)
Other operating income, net
(Noninterest Income, Other Operating Income)
6266671,906674540465
Operating income:98,49380,55966,67758,47343,88039,631
Nonoperating income
(Bank Owned Life Insurance Income)
1,0561,0121,087941845830
Interest and debt expense  (33,473)(7,269)(5,757)(7,979)(8,678)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (18,380)(14,960)
Income from continuing operations before equity method investments, income taxes:99,54948,09860,49553,65718,36616,823
Other undisclosed loss from continuing operations before income taxes(99,807)(26,952)(24,110)(22,797)  
Income (loss) from continuing operations before income taxes:(258)21,14636,38530,86018,36616,823
Income tax expense (benefit)98(4,387)(7,152)(5,945)(3,286)(2,608)
Income (loss) from continuing operations:(160)16,75929,23324,91515,08014,215
Income before gain (loss) on sale of properties:24,91515,08014,215
Net income (loss) available to common stockholders, diluted:(160)16,75929,23324,91515,08014,215

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(160)16,75929,23324,91515,08014,215
Other comprehensive income (loss)14,22710,005(57,097)(5,375)3,9326,207
Comprehensive income (loss), net of tax, attributable to parent:14,06726,764(27,864)19,54019,01220,422

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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