Norwood Financial Corp
ir.wayne.bankWhat Do They Do?
Provides personal and business banking, lending, and trust and investment services to consumers, businesses, and municipalities.
10-K for FY2025, filed Mar 13, 2026
How Do They Make Money?
Earns interest from loans and investments and fees from deposit, overdraft, debit-card, loan-service, trust, brokerage, and insurance activities; trust services are generally compensated based on a percentage of assets under management.
10-K for FY2025, filed Mar 13, 2026Under ASC Topic 606, management determined that the primary sources of revenue emanating from interest and dividend income on loans and…View ↗
(dollars in thousands) 2025 2024 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 470 $ 453 ATM Fees 242 424…View ↗
The Bank operates a Wealth Management/Trust Department which provides estate planning, investment management and financial planning to…View ↗
The Bank, a Pennsylvania chartered bank, is the only wholly owned subsidiary of the Company. Norwood Investment Corp. (“NIC”), a…View ↗
-
10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by product or service ↗
$8M
-
10-K for FY2025, filed Mar 13, 2026
$8M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Service Charges On Deposit Accounts
|
5.9%
FY2022: 4.8%
|
Service Charges On Deposit Accounts, FY2025
$470K Sources
|
|
ATM Fees
|
3.0%
FY2022: 5.2%
|
ATM Fees, FY2025
$242K Sources
|
|
Overdraft Fees
|
20%
FY2022: 13%
|
Overdraft Fees, FY2025
$1.6M Sources
|
|
Safe Deposit Box Rental
|
1.1%
FY2022: 1.1%
|
Safe Deposit Box Rental, FY2025
$89K Sources
|
|
Loan Related Service Fees
|
9.6%
FY2022: 9.7%
|
Loan Related Service Fees, FY2025
$768K Sources
|
|
Debit Card Fees
|
30%
FY2022: 28%
|
Debit Card Fees, FY2025
$2.4M Sources
|
|
Fiduciary Activities
|
13%
FY2022: 9.7%
|
Fiduciary Activities, FY2025
$1M Sources
|
|
Commissions On Mutual Funds And Annuities
|
8.9%
FY2022: 1.4%
|
Commissions On Mutual Funds And Annuities, FY2025
$708K Sources
|
|
Other Income
|
9.4%
FY2022: 22%
|
Other Income, FY2025
$749K Sources
|
Who Are Their Customers?
Consumers, businesses, nonprofits, and municipalities use the Bank's community offices and ATM network for deposits, lending, trust, and investment services. It also provides vehicle financing through a limited network of dealers.
10-K for FY2025, filed Mar 13, 2026The Bank offers a wide variety of personal and business credit services and trust and investment products and real estate settlement…View ↗
The Bank’s loan products include loans for personal and business use. Personal lending includes mortgage lending to finance principal…View ↗
The Company acts as an independent community financial services provider and offers traditional banking related financial services to…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 366 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
-
Apr 27, 2026
Acquired Presence Bancshares
The company reported that its core system conversion was completed April 13, 2026.
Sources
8-K, filed Apr 27, 2026
Completed core system conversion April 13, 2026.View ↗
Growing. Revenue grew 14% in 4 years, from $7M in FY2021 to $8M in FY2025, about 3% a year.
Broader brokerage offerings
The newer report describes NIC brokerage as covering stocks, bonds, mutual funds, exchange-traded funds, and advisory services; the earlier report described annuity and mutual-fund sales and discount brokerage.
10-K for FY2022, filed Mar 17, 2023 10-K for FY2025, filed Mar 13, 2026The Bank, a Pennsylvania chartered bank, is the only wholly owned subsidiary of the Company. Norwood Investment Corp. (“NIC”), a…View ↗
The Bank, a Pennsylvania chartered bank, is the only wholly owned subsidiary of the Company. Norwood Investment Corp. (“NIC”), a…View ↗
Loading...
