Norwood financial corp (NWFL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

14,215

13,651

8,198

6,711

5,908

7,657

8,465

8,403

7,356

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

1,250

1,725

2,200

2,050

-

-

-

-

-

Provision for loan losses

-

-

-

-

4,580

1,680

2,400

2,450

1,575

Depreciation

1,005

895

922

726

551

572

594

570

531

Amortization of intangible assets

101

126

150

122

105

121

137

153

108

Deferred income taxes

988

24

-331

746

-387

-51

140

424

-104

Revaluation of deferred tax assets, net

-

-

3,060

-

-

-

-

-

-

Net amortization of securities premiums and discounts

-1,448

-1,711

-2,115

-1,648

-936

-860

-1,057

-1,210

-811

Net realized gains on sales of securities

254

213

348

284

626

1,170

881

1,419

973

Gain on sale of deposits

-

-

209

-

-

-

-

-

-

Earnings and proceeds on life insurance policies

830

1,126

1,133

888

665

685

617

539

463

Gain on sales and write-downs of fixed assets and foreclosed real estate owned, net

97

-26

-774

-11

-427

-920

-347

-

-173

Loss (gain) on sale of foreclosed real estate

-

-

-

-

-

-

-

5

-

Net gain on sale of loans

169

15

67

54

113

150

112

211

271

Loans originated for sale

4,715

752

0

1,685

4,297

4,269

3,986

6,964

8,677

Proceeds from sale of loans originated for sale

4,838

767

-

-

-

-

-

-

-

Proceeds from sale of loans originated for sale

-

-

-

1,739

4,410

4,419

4,053

7,175

8,948

Compensation expense related to stock options

208

237

93

71

66

154

162

-

-

Compensation expense related to restricted stock

289

205

142

89

55

0

0

-

-

Compensation expense related to stock options

-

-

-

-

-

-

-

130

170

Decrease (increase) in accrued interest receivable

-57

60

73

-346

-113

-238

-759

-1,274

-2,272

Increase in accrued interest payable

626

372

365

17

-565

235

173

-1,290

-663

Other, net

522

275

-193

-11

-

-

-

-

-

Net Cash Provided by Operating Activities

-

-

-

11,376

10,498

10,531

12,691

-

-

Net cash provided by operating activities

18,438

17,298

16,051

-

-

-

-

11,361

10,793

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales

27,247

17,745

15,612

110,748

44,976

66,263

42,348

40,914

32,146

Proceeds from maturities and principal reductions on mortgage-backed securities

33,656

30,873

26,893

26,182

22,853

14,859

21,142

30,607

34,752

Purchases

21,543

15,458

19,955

100,982

50,565

74,426

84,589

67,312

54,107

Proceeds from maturities on securities held-to-maturity

-

-

-

-

0

175

0

0

-

Purchase of regulatory stock

6,595

6,155

5,842

2,883

4,095

1,963

741

0

-

Redemption of regulatory stock

5,677

5,734

4,456

4,455

2,397

3,126

494

1,045

716

Net increase in loans

77,401

87,480

51,980

43,468

65,830

4,270

29,515

22,507

-12,405

Proceeds from bank-owned life insurance

-

-

-

205

0

75

1,089

0

-

Acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-4,544

Purchase of bank-owned life insurance

-

-

-

2,000

0

0

3,000

3,000

-

Purchase of premises and equipment

1,623

873

1,633

511

290

193

393

417

175

Proceeds from sales of foreclosed real estate owned

556

776

3,341

685

-

-

-

-

-

Proceeds from sales of bank premises and fixed assets

246

-

515

-

-

-

-

-

-

Proceeds from sales of fixed assets and foreclosed real estate owned

-

-

-

-

4,310

1,045

508

3,421

784

Acquisition, net of cash and cash equivalents acquired

-

-

-

-11,112

-

-

-

-

-

Net Cash (Used in) Provided by Investing Activities

-

-

-

3,543

-46,244

4,691

-52,657

-

-

Net cash provided by (used in) investing activities

-39,780

-54,838

-28,593

-

-

-

-

-17,249

31,065

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits

10,749

17,396

17,867

47,213

-9,035

18,762

16,757

-1,342

-3,532

Deposits sold

-

-

-13,659

-

-

-

-

-

-

Net increase in short-term borrowings

9,210

10,516

9,719

-21,800

27,540

-24,219

21,217

6,903

-11,515

Repayments of other borrowings

26,846

13,661

24,056

28,981

10,074

1,561

5,726

-

-

Proceeds from other borrowings

31,000

30,000

28,000

-

29,000

0

7,000

-

-

Repayments of other borrowings

-

-

-

-

-

-

-

5,183

18,106

Proceeds from other borrowings

-

-

-

-

-

-

-

0

-

Stock options exercised

638

520

1,040

843

441

691

575

455

51

Tax benefit of stock options exercised

-

-

-

-

16

17

39

30

5

Sale of treasury stock for ESOP

127

123

127

131

146

150

146

149

153

Purchase of treasury stock

428

194

1,587

447

127

179

319

320

602

Cash dividends paid

6,041

5,509

5,386

4,714

4,527

4,370

4,155

3,932

3,514

Net Cash Provided by (Used in) Financing Activities

-

-

-

-7,755

33,380

-10,709

35,534

-

-

Net cash provided by financing activities

18,409

39,191

12,065

-

-

-

-

-3,240

-37,060

Increase in cash and cash equivalents

-2,933

1,651

-

-

-

-

-

-

-

Net Increase (Decrease) in Cash and Cash Equivalents

-

-

-477

7,164

-2,366

4,513

-4,432

-9,128

4,798

Supplemental Disclosures of Cash Flow Information
Interest on deposits and borrowings

8,052

5,285

3,715

3,542

-

-

-

-

-

Cash payments for: Interest on deposits and borrowings

-

-

-

-

3,267

3,264

3,818

4,728

5,398

Income taxes paid, net of refunds

2,407

2,239

3,040

1,535

2,315

2,645

2,417

2,010

2,363

Supplemental Schedule of Noncash Investing Activities
Investment purchases

-

-

-

-

-

-

-

-

1,067

Transfers of loans to foreclosed real estate owned and repossession of other assets

1,865

553

750

3,246

3,880

4,704

1,012

1,358

3,172

Dividends payable

1,582

1,510

1,375

1,331

1,147

1,100

1,093

-

-

Right of use for operating leases

5,335

-

-

-

-

-

-

-

-

Lease liability for operating leases

5,335

-

-

-

-

-

-

-

-

Noncash assets acquired: Securities available-for-sale

-

-

-

208,488

-

-

-

-

12,671

Noncash assets acquired: Regulatory stock

-

-

-

279

-

-

-

-

985

Noncash assets acquired: Loans

-

-

-

116,674

-

-

-

-

118,336

Noncash assets acquired: Premises and equipment, net

-

-

-

7,292

-

-

-

-

2,931

Noncash assets acquired: Accrued interest receivable

-

-

-

1,626

-

-

-

-

566

Noncash assets acquired: Bank-owned life insurance

-

-

-

14,762

-

-

-

-

-

Noncash assets acquired: Core deposit intangibles

-

-

-

449

-

-

-

-

895

Noncash assets acquired: Deferred tax assets

-

-

-

3,034

-

-

-

-

2,715

Noncash assets acquired: Other assets

-

-

-

3,281

-

-

-

-

5,403

Noncash assets acquired: Goodwill

-

-

-

1,616

-

-

-

-

9,715

Total Noncash assets acquired

-

-

-

357,501

-

-

-

-

154,217

Time deposits

-

-

-

71,342

-

-

-

-

51,936

Deposits other than time deposits

-

-

-

255,921

-

-

-

-

83,498

Borrowings

-

-

-

21,232

-

-

-

-

7,776

Accrued interest payable

-

-

-

95

-

-

-

-

203

Other liabilities

-

-

-

7,873

-

-

-

-

600

Total Liabilities assumed

-

-

-

356,463

-

-

-

-

144,013

Net Noncash Assets Acquired

-

-

-

1,038

-

-

-

-

10,204

Cash Acquired

-

-

-

14,977

-

-

-

-

15,192