| Business Summary | | Norwood
Financial
Corp.
is
the
holding
company
of
Wayne
Bank,
which
offers
a
wide
variety
of
personal,
business
credit
services
and
trust
and
investment
products
to
the
consumers,
businesses,
non-profit
organizations
and
municipalities
in
each
of
the
communities
that
the
Bank
serves.
The
Bank
primarily
serves
the
Pennsylvania
counties
of
Wayne,
Pike
and
Monroe,
and
to
a
much
lesser
extent,
the
counties
of
Lackawanna
and
Susquehanna.
In
addition,
the
Bank
operates
11
automated
teller
machines
with
10
in
branch
locations
and
one
remote
service
facility.
As
of
December
31,
2000,
the
Company
had
total
assets,
deposits,
and
stockholders'
equity
of
$326.7
million,
$253
million
and
$31.4
million,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Norwood
Financial
Corp.
is
a
bank
holding
co.
for
Wayne
Bank,
a
state
chartered
bank
with
eight
offices
in
Wayne
and
Pike
Counties
in
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
3%
to
$12
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$6.3
million.
Net
income
rose
10%
to
$2
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
higher
interest
on
deposits.
Higher
income
reflects
higher
gains
on
sales
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Russell Ridd, 71 Chairman | -- | William Davis, Jr., 56 Pres,
CEO | $297K | Lewis Critelli, 41 CFO,
Exec. VP | 180K | Edward Kasper, 53 Sr.
VP | 143K | Joseph Kneller, 54 Sr.
VP | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|