Norwood Financial Corp. (NWFL) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2071121518171710
Cash and cash equivalents2071121518171710
Total current assets:2071121518171710
Noncurrent Assets
Operating lease, right-of-use asset55 
Property, plant and equipment1718141414146
Intangible assets, net (including goodwill)30301212121210
Goodwill29291111111110
Intangible assets, net (excluding goodwill)0100010
Total noncurrent assets:51532626262516
Other undisclosed assets1,8101,6881,1891,1411,0911,069724
TOTAL ASSETS:2,0691,8521,2311,1851,1331,111751
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt61636253433353
Total current liabilities:61636253433353
Noncurrent Liabilities
Other undisclosed liabilities1,8021,5941,0311,009975967596
Total liabilities:1,8631,6571,0931,0621,0171,000650
Stockholders' equity
Stockholders' equity attributable to parent205195137122116111101
Common stock1111100
Treasury stock, value(2)(0)(0)(0)(0)(0)(1)
Additional paid in capital96954948474835
Accumulated other comprehensive income (loss)(0)51(5)(3)(4)0
Retained earnings110948778706765
Total stockholders' equity:205195137122116111101
TOTAL LIABILITIES AND EQUITY:2,0691,8521,2311,1851,1331,111751

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues71594743443631
Net investment income71584742393228
Cost of revenue(4)(5)(1)(2)(2)(2)(5)
Provision for loan, lease, and other losses(4)(5)(1)(2)
Financial services costs(2)(2)(5)
Gross profit:67544641423427
Operating expenses(9)(10)(7)(6)(19)(18)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
1101110
Operating income:58444035241614
Nonoperating income
(Bank Owned Life Insurance Income)
1111111
Interest and debt expense(6)(8)(9)(6)(4)(4)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes (18)(15)(15)(6)(5)(4)
Income from continuing operations before equity method investments, income taxes:541817161598
Other undisclosed loss from continuing operations before income taxes(23)      
Income from continuing operations before income taxes:311817161598
Income tax expense(6)(3)(3)(3)(7)(2)(2)
Net income available to common stockholders, diluted:25151414876

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:25151414876
Other comprehensive income (loss)(5)46(2)2(5)0
Comprehensive income, net of tax, attributable to parent:201920111026

Statements sources

The financial statements are based on the company's filings with the 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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