UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 717 Main Street, Honesdale, Pennsylvania 18431 (Address of principal executive offices) (Zip Code) (I.R.S. employer identification no.) Registrant's telephone number, including area code (570) 253-1455 N/A OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-K ____________________ (Mark One): ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 0-28364 _____________________ NORWOOD FINANCIAL CORP (Exact Name of Registrant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 (State or other jurisdiction of incorporation or organization) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ t ...

Financial Position - Total assets as of June 30, 2022, were $2.066 billion, a slight decrease from $2.069 billion as of December 31, 2021, primarily due to a $105.9 million decrease in interest-bearing deposits with banks [120]. - As of June 30, 2022, stockholders' equity totaled $173.8 million, down from $205.3 million as of December 31, 2021, reflecting a net income of $14.0 million offset by $4.6 million in dividends declared [132]. - Total liquidity as of June 30, 2022, was $550.5 million, representing 26.6% of total assets, a decrease from $613.5 million and 29.7% of total assets as of December 31, 2021 [134]. Loans and Allowance for Loan Losses - Loans receivable increased by $49.4 million to $1.404 billion as of June 30, 2022, driven by increases in commercial real estate loans ($16.7 million), residential mortgage loans ($16.1 million), and consumer loans ($13.6 million) [123]. - The allowance for loan losses totaled $17.017 million as of June 30, 2022, representing 1.21% of total loans outstanding, unchanged from December 31, 2021 [124]. - Non-performing loans totaled $672,000 or 0.05% of total loans as of June 30, 2022, compared to $734,000 or 0.05% at December 31, 2021 [125]. - The Company had net charge-offs of $25,000 for the six months ended June 30, 2022, significantly lower than $810,000 in the same period in 2021 [124]. - The provision for loan losses decreased to $300,000 for the three months ended June 30, 2022, down from $1,500,000 in the same period in 2021, indicating a reduction of 80% [151]. - Provision for loan losses was $600,000, significantly lower than $3,000,000 in the previous year, reflecting improved credit quality [166]. Deposits and Borrowings - Total deposits increased by $43.0 million during the six-month period ended June 30, 2022, primarily due to growth in interest-bearing demand deposits [129]. - Other borrowings decreased to $4.4 million as of June 30, 2022, from $30.0 million as of December 31, 2021, reflecting the early payoff of $21.1 million in Federal Home Loan Bank term borrowings [130]. - The maximum borrowing capacity with the Federal Home Loan Bank was approximately $640.7 million as of June 30, 2022, with $4.4 million outstanding [138]. - The Company has a line of credit commitment from Atlantic Community Bankers Bank for $7 million, expiring June 30, 2023, with no borrowings under this line as of June 30, 2022 [136]. Income and Expenses - Net interest income for the three months ended June 30, 2022, was $16.9 million, an increase from $16.1 million for the same period in 2021 [140]. - The net interest margin (tax equivalent basis) for the three months ended June 30, 2022, was 3.49%, up from 3.44% for the same period in 2021 [140]. - Total expenses for the three months ended June 30, 2022, were $10,472,000, which is $980,000 higher than the same period in 2021, primarily due to increased salaries and employee benefits [154]. - Other income rose to $2,489,000 for the three months ended June 30, 2022, compared to $2,187,000 in the same period in 2021, marking an increase of 13.8% [153]. - Other income rose to $5,828,000, an increase of 39.6% from $4,176,000 in the same period of 2021 [168]. Net Income and Returns - For the three months ended June 30, 2022, net income increased to $6,855,000, up from $5,755,000 in the same period in 2021, representing a growth of 19.1% [146]. - Earnings per share for the three months ended June 30, 2022, were $0.84, compared to $0.70 for the same period in 2021, reflecting a 20% increase [146]. - For the six months ended June 30, 2022, net income totaled $13,983,000, an increase of 23.8% from $11,296,000 in the same period in 2021 [161]. - The annualized return on average assets for the six months ended June 30, 2022, was 1.37%, up from 1.16% in the same period in 2021 [161]. - The annualized return on average equity for the six months ended June 30, 2022, was 14.68%, compared to 11.49% for the same period in 2021, indicating a significant improvement [161]. Securities and Investments - The fair value of securities available for sale increased to $440.9 million as of June 30, 2022, from $406.8 million as of December 31, 2021 [121]. - The Company believes that unrealized losses on securities represent temporary impairment, as it intends to hold these investments until maturity or market price recovery [122]. - The Company had cash and cash equivalents of $109.7 million and total securities available for sale of $440.9 million as of June 30, 2022 [134]. - Interest income (fte) increased to $35,810,000 with a yield on average earning assets of 3.65%, down from 3.84% in 2021 [164]. Capital and Compliance - Tier 1 Capital to average assets ratio improved to 8.93% as of June 30, 2022, compared to 8.51% as of December 31, 2021 [133]. - The Company is in compliance with new regulatory capital requirements, including the capital conservation buffer, as of June 30, 2022 [133]. - The effective tax rate for the three months ended June 30, 2022, was 20.4%, slightly down from 20.6% in the same period in 2021 [155]. - Income tax expense for the six months ended June 30, 2022, was $3,610,000, with an effective tax rate of 20.5%, compared to 19.7% in 2021 [170]. Interest Sensitivity - As of June 30, 2022, the company had a positive 90-day interest sensitivity gap of $33.0 million, indicating potential for increased net interest income in a rising rate environment [175].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 WASHINGTON, D.C. 20549 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 ...

Table of Contents For the transition period from ________ to ________ Commission File No. 0-28364 _____________________ NORWOOD FINANCIAL CORP (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-K _____________________ (Mark One): ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 ( ...