XML 31 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Norwood Financial Corp (Parent Company Only) Financial Information (Tables)
12 Months Ended
Dec. 31, 2012
Norwood Financial Corp (Parent Company Only) Financial Information [Abstract]  
Parent Company Only - Balance Sheets [Table Text Block]

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

(In Thousands)

 

ASSETS

 

 

 

 

 

 

 

Cash on deposit in bank subsidiary

 

$

1,120

 

$

1,230

 

Securities available for sale

 

 

319

 

 

238

 

Investment in bank subsidiary

 

 

88,412

 

 

84,187

 

Other assets

 

 

3,591

 

 

3,434

 

 

 

$

93,442

 

$

89,089

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

Liabilities

 

$

1,021

 

$

1,028

 

Stockholders' equity

 

 

92,421

 

 

88,061

 

 

 

$

93,442

 

$

89,089

 

Parent Company Only - Statements of Income [Table Text Block]

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

Income:

 

(In Thousands)

 

Dividends from bank subsidiary

 

$

3,971

 

$

16,496

 

$

3,120

 

Other interest income

 

 

6

 

 

9

 

 

17

 

Net realized gain on sales of securities

 

 

73

 

 

-

 

 

66

 

 

 

 

4,050

 

 

16,505

 

 

3,203

 

Expenses

 

 

296

 

 

980

 

 

323

 

 

 

 

3,754

 

 

15,525

 

 

2,880

 

Income tax benefit

 

 

(74

)

 

(290

)

 

(82

)

 

 

 

3,828

 

 

15,815

 

 

2,962

 

Equity in undistributed earnings of subsidiary

 

 

4,575

 

 

(8,459

)

 

4,351

 

Net Income

 

$

8,403

 

$

7,356

 

$

7,313

 

Comprehensive Income

 

$

7,885

 

$

9,534

 

$

6,360

 

Parent Company Only - Statements of Cash Flows [Table Text Block]

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

(In Thousands)

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

Net income

 

$

8,403

 

$

7,356

 

$

7,313

 

Adjustments to reconcile net income to

 

 

 

 

 

 

 

 

 

 

net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

 

Undistributed earnings of bank subsidiary

 

 

(4,575

)

 

8,459

 

 

(4,351

)

Net gains on sales of securities

 

 

(68

)

 

 

 

(66

)

Other, net

 

 

(181

)

 

(506

)

 

(144

)

Net Cash Provided by Operating Activities

 

 

3,579

 

 

15,309

 

 

2,752

 

 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

Proceeds from sale of securities

 

 

114

 

 

 

 

166

 

Outlays for business acquisitions

 

 

 

 

(10,518

)

 

 

Purchase of securities

 

 

(185

)

 

 

 

 

Net Cash Provided by (used in) Investing Activities

 

 

(71

)

 

(10,518

)

 

166

 

 

 

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

Stock options exercised

 

 

455

 

 

51

 

 

163

 

Tax benefit of stock options exercised

 

 

30

 

 

5

 

 

34

 

ESOP purchase of shares from treasury stock

 

 

149

 

 

153

 

 

156

 

Acquisition of treasury stock

 

 

(320

)

 

(602

)

 

(529

)

Cash dividends paid

 

 

(3,932

)

 

(3,514

)

 

(3,093

)

Net Cash Used in Financing Activities

 

 

(3,618

)

 

(3,907

)

 

(3,269

)

Net Increase (Decrease) in Cash and Cash Equivalents

 

 

(110

)

 

884

 

 

(351

)

 

 

 

 

 

 

 

 

 

 

 

CASH AND CASH EQUIVALENTS - BEGINNING

 

 

1,230

 

 

346

 

 

697

 

CASH AND CASH EQUIVALENTS - ENDING

 

$

1,120

 

$

1,230

 

$

346