{"url_path":"/sec/nwfl/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 Exhibits, Financial Statement Schedules","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-13","source_url":"https://www.sec.gov/Archives/edgar/data/1013272/0001013272-26-000003-index.html","accession_number":"0001013272-26-000003","cik":"0001013272","ticker":"NWFL","issuer_name":"NORWOOD FINANCIAL CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1013272/0001013272-26-000003-index.html","primary_entity_key":"0001013272","primary_entity_name":"NORWOOD FINANCIAL CORP"},"word_count":1108,"has_tables":true,"body_markdown":"Item 15. Exhibits, Financial Statement Schedules\n\n(a)Listed below are all financial statements, schedules and exhibits filed as part of this Annual Report on Form 10-K.\n\n1.The consolidated balance sheets of Norwood Financial Corp and subsidiary as of December 31, 2025 and 2024, and the related consolidated statements of (loss) income, comprehensive income, stockholders’ equity and cash flows for each of the years in the two-year period ended December 31, 2025, together with the related notes and the independent registered public accounting firm reports of S.R. Snodgrass, P.C. (PCAOB: 00074), independent registered public accounting firm.\n\n2. Schedules omitted as they are not applicable.\n\n‎\n\n80\n\n3.The following exhibits are filed as part of the Form 10-K\n\nNo.\n\nDescription\n\n3(i)\n\n \n\n[Amended and Restated Articles of Incorporation of Norwood Financial Corp (7)](http://www.sec.gov/Archives/edgar/data/1013272/000119312520072309/d835383dex3i.htm)\n\n3(ii)\n\n \n\n[Bylaws of Norwood Financial Corp (18)](http://www.sec.gov/Archives/edgar/data/1013272/000156276224000057/nwfl-20231231xex3_ii.htm)\n\n4.1 (p)\n\n \n\nSpecimen Stock Certificate of Norwood Financial Corp (1) (p)\n\n4.2\n\n \n\n[Description of Capital Stock of Norwood Financial Corp (9)](http://www.sec.gov/Archives/edgar/data/1013272/000156276221000105/nwfl-20201231xex4_2.htm)\n\n10.2†\n\n \n\n[Employment Agreement by and among Norwood Financial Corp, Wayne Bank and John M. McCaffery (2)](http://www.sec.gov/Archives/edgar/data/1013272/000119312524166385/d807620dex101.htm)\n\n10.11†\n\n \n\n[2014 Equity Incentive Plan, as amended (3)](http://www.sec.gov/Archives/edgar/data/1013272/000094627514000106/ex10-1.htm)\n\n10.12†\n\n \n\n[Executive Elective Deferral Plan (4)](http://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/d713937dex101.htm)\n\n10.15†\n\n \n\n[Change-In-Control Severance Agreement, dated February 14, 2022, by and among Norwood Financial Corp, Wayne Bank, and Vincent G. O’Bell (13)](http://www.sec.gov/Archives/edgar/data/1013272/000156276222000120/nwfl-20211231xex10_15.htm)\n\n10.16†\n\n \n\n[Change-In-Control Severance Agreement, dated January 16, 2018, by and among Norwood Financial Corp, Wayne Bank, and John F. Carmody (17)](http://www.sec.gov/Archives/edgar/data/1013272/000094627518000002/ex10-1.htm)\n\n10.17†\n\n \n\n[Director Deferred Fee Plan (5)](http://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/d713937dex102.htm)\n\n10.19\n\n \n\n[Wayne Bank Executive Annual Incentive Plan (8)](http://www.sec.gov/Archives/edgar/data/1013272/000119312520072309/d835383dex1019.htm)\n\n10.20\n\n[Salary-Continuation Agreement dated March 1, 2021, between Wayne Bank and John F. Carmody (6)](http://www.sec.gov/Archives/edgar/data/1013272/000119312521064799/d308857dex101.htm)\n\n10.21\n\n[Norwood Financial Corp 2024 Equity Incentive Plan (14)](http://www.sec.gov/Archives/edgar/data/1013272/000156276224000132/nwfl-20240331xex10_1.htm)\n\n10.23\n\n[Employment Agreement dated May 9, 2022, by and among Norwood Financial Corp, Wayne Bank and James O Donnelly (10)](http://www.sec.gov/Archives/edgar/data/1013272/000119312522148177/d327745dex101.htm)\n\n10.24\n\n[Stock Award Agreement dated May 10, 2022, between Norwood Financial Corp and James O. Donnelly (11)](http://www.sec.gov/Archives/edgar/data/1013272/000119312522148177/d327745dex102.htm)\n\n10.25\n\n[Salary-Continuation Agreement dated May 10, 2022, between Wayne Bank and James O. Donnelly (12)](http://www.sec.gov/Archives/edgar/data/1013272/000119312522148177/d327745dex103.htm)\n\n10.26\n\n[Employment Agreement dated July 7, 2025, by and among Norwood Financial Corp, Wayne Bank and Janak M. Amin (19)](http://www.sec.gov/Archives/edgar/data/1013272/000119312525208580/d35346dex102.htm)\n\n10.27\n\n[Non-Competition and Non-Solicitation Agreement dated July 7, 2025, by and among Norwood Financial Corp, Wayne Bank and Janak M. Amin (20)](http://www.sec.gov/Archives/edgar/data/1013272/000119312525208580/d35346dex103.htm)\n\n10.28\n\nAddendum to Non-Competition and Non-Solicitation Agreement by and among Norwood Financial Corp, Wayne Bank and Janak M. Amin dated December 31, 2025\n\n10.29\n\nAddendum to Employment Agreement dated July 7, 2025 by and among Norwood Financial Corp, Wayne Bank and Janak M. Amin dated December 31, 2025\n\n19\n\n[Norwood Financial Corp Insider Trading Policy (15)](http://www.sec.gov/Archives/edgar/data/1013272/000156276224000057/nwfl-20231231xex19.htm)\n\n21\n\n \n\n[Subsidiaries of Norwood Financial Corp](nwfl-20251231xex21.htm)\n\n23\n\n \n\n[Consent of S.R. Snodgrass, P.C.](nwfl-20251231xex23.htm)\n\n31.1\n\n \n\n[Rule 13a-14(a)/15d-14(a) Certification of CEO](nwfl-20251231xex31_1.htm)\n\n31.2\n\n \n\n[Rule 13a-14(a)/15d-14(a) Certification of CFO](nwfl-20251231xex31_2.htm)\n\n32\n\n \n\n[Certification pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of Sarbanes Oxley Act of 2002](nwfl-20251231xex32.htm)\n\n97\n\n \n\n[Norwood Financial Corp Incentive-Based Compensation Recovery Policy (16)](http://www.sec.gov/Archives/edgar/data/1013272/000156276224000057/nwfl-20231231xex97.htm)\n\n 101\n\n \n\nThe following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income; (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Stockholder’s Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements.\n\n101.INS\n\n \n\nInline XBRL Instance Document (The instance document does not appear in the Interactive Data File because its XBRL tags are embedded with the Inline XBRL document)\n\n101.SCH\n\n \n\nInline XBRL Taxonomy Extension Schema Document\n\n101.CAL\n\n \n\nInline XBRL Taxonomy Extension Calculation Linkbase Document\n\n101.DEF\n\n \n\nInline XBRL Taxonomy Extension Definition Linkbase Document\n\n101.LAB\n\n \n\nInline XBRL Taxonomy Extension Labels Linkbase Document\n\n101.PRE\n\n \n\nInline XBRL Taxonomy Extension Presentation Linkbase Document\n\n104\n\n \n\nCover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)\n\n81\n\n†\n\n  \n\nManagement contract or compensatory plan or arrangement.\n\n \n\n  \n\n(1) \n\n  \n\nIncorporated herein by reference into this document from the identically numbered Exhibit to the Company’s Form 10, Registration Statement initially filed in paper with the Commission on April 29, 1996, Registration No. 0-28364.\n\n(2) \n\n  \n\nIncorporated herein by reference to the Company’s Current Report on Form 8-K Filed with the Commission on June 24, 2024.\n\n(3) \n\n  \n\nIncorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form S-8 (File No. 333-266622) filed with the Commission on August 8, 2022.\n\n(4) \n\n  \n\nIncorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed June 21, 2024.\n\n(5) \n\n  \n\nIncorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed June 21, 2024.\n\n(6)\n\nIncorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on March 2, 2021, (File No. 0-28364).\n\n(7)\n\nIncorporated herein by reference from the identically numbered exhibit to the Company’s Form 10-K filed with the Commission on March 13, 2020.\n\n(8)\n\nIncorporated herein by reference from the identically numbered exhibit to the Company’s Form 10-K filed with the Commission on March 13, 2020.\n\n(9)\n\nIncorporated herein by reference from the identically numbered exhibit to the Company’s Form 10-K filed with the Commission on March 9, 2021.\n\n(10)\n\nIncorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on May 12, 2022, (File No. 0-28364).\n\n(11)\n\nIncorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Commission on May 12, 2022, (File No. 0-28364).\n\n(12)\n\nIncorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Commission on May 12, 2022, (File No. 0-28364).\n\n(13)\n\nIncorporated by reference to Exhibit 10.15 to the Company’s Form 10-K filed with the Commission on March 11, 2022, (File No. 0-28364).\n\n(14)\n\nIncorporated herein by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed with the Commission on May 9, 2024.\n\n(15)\n\nIncorporated herein by reference from the identically numbered exhibit to the Company’s Form 10-K filed with the Commission on March 14, 2024.\n\n(16)\n\nIncorporated herein by reference from the identically numbered exhibit to the Company’s Form 10-K filed with the Commission on March 14, 2024.\n\n(17)\n\nIncorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Commission on January 16, 2018.\n\n(18)\n\nIncorporated by reference to Exhibit 3(ii) to the Company’s Annual Report on Form 10-K filed with the Commission on March 14, 2024.\n\n(19)\n\nIncorporated by reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-4 (File No. 333-290392) filed with the Commission on September 19, 2025.\n\n(20)\n\nIncorporated by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-4 (File No. 333-290392) filed with the Commission on September 19, 2025."}