Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (September 2024)
15 slides from Norwood Financial's investor presentation, Sep 30, 2024
Slide 1: Norwood Financial Corp Investor Presentation
Norwood Financial Corp Investor Presentation September 30, 2024
Slide 2: Forward Looking Statements & Disclaimers
Forward Looking Statements & Disclaimers The information disclosed in this document includes various forward-looking statements that are made by Norwood Financial Corp (the “Company”) in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anti
Slide 3: Strength. Security. Stability.
Strength. Security. Stability. Norwood Financial Corp is the holding company for Wayne Bank. Founded in 1871, the Bank has 29 Community Offices throughout Pennsylvania and New York, including those offices operating under the Bank of Cooperstown and Bank of the Finger Lakes brands. Employing more th
Slide 4: Growth & Expansion
Growth & Expansion A history of de novo growth and successful acquisitions. 1871 Wayne County Savings Bank opened on November 4, 1871, with the modest capital of $25,000 1924 Existing Corporate Office Built and Opened 1931 Acquired Waymart State Bank 1954 Opened Waymart Community Office 1980 Opened
Slide 5: Financial Highlights
Financial Highlights dollars in thousands 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Balance Sheet Statistics Total Assets $ 2,104,363 $ 2,141,765 $ 2,179,998 $ 2,201,079 $ 2,260,423 $ 2,235,316 $ 2,279,751 Loans $ 1,535,643 $ 1,577,699 $ 1,611,069 $ 1,603,618 $ 1,621,448 $ 1,641,355 $ 1,675,139 Deposits $ 1,75
Slide 6: Interest Rate Risk
Interest Rate Risk Lowering Exposure to Interest Rates September 30, 2024 Potential Change in Future Net Changes in Interest Interest Income Rates in Basis Points Year 1 Year 2 (Dollars in thousands) $ Change % Change $ Change % Change +200 (2,462) -3.5% (2,234) -2.7% +100 (1,135) -1.6% (886) -1.1%
Slide 7: Investment Portfolio
Investment Portfolio Highlights Snapshot Table 1 ctor Review Table 2 Par Value (000s) 439,582 Projected 1MoCPR Book Value (000s) 445,652 Book Gain or Effective Book Reprice Book Reprice Market Value (000s) 396,891 Value _% Total Loss Duration Yield Term __Yield Term howente San ants) abe Agency (Fix
Slide 8: Loan Portfolio Diversification
Loan Portfolio Diversification 15% 1-4 Family 14% C&I 3% Const & Land 1% Consumer 17% Indirect 4% Home Eq As of Sept. 30, 2024 46% CRE
Slide 9: Commercial Real Estate Components
Commercial Real Estate Components 1-4 Family Rental 10% Investor Real Estate 26% Farmland 8% Multi Family 8% As of Sept. 30, 2024 Owner Occupied 48%
Slide 10: Loan Portfolio Rate Composition
LOAN PORTFOLIO RATE COMPOSITION 14% 27% Adjustable Fixed Floating 59% As of Sept. 30, 2024
Slide 11: Loan Portfolio by Industry
Loan Portfolio by Industry Retail - $634mm Commercial – $1,041mm Residential Mortgages Direct Loans Indirect Loans Commercial Rentals Residential Rentals Hotels/Motels Builders/Contractors Dairly Cattle/Milk Prod. Fuel/Gas Stations Government Support Mobile Home Park Wineries Camps Resorts Other Com
Slide 12: Credit Performance
Credit Performance Total Loans vs. Percentage of Past Dues (>30 Days) $1,700 1.60% 1.40% $1,680 1.20% $1,660 1.00% $1,640 0.80% $1,620 0.60% $1,600 0.40% $1,580 0.20% $1,560 0.00% Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Outstanding Loans (millions)
Slide 13: Credit Metrics
Credit Metrics 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Credit Quality Non-Performing Loans/Loans 0.18% 0.20% 0.65% 0.48% 0.23% 0.47% 0.47% Net Charge Offs/Loans 0.08% 0.06% 0.59% 0.79% 0.08% 0.13% 0.08% ACL/Loans 1.27% 1.11% 1.00% 1.18% 1.11% 1.08% 1.12% Reserves/NPAs 635% 484% 149% 246% 470% 233% 237%
Slide 14: Deposits by Type and Channel
Deposits by Type and Channel – As of 9/30/2024* (thousands) Commercial Consumer Municipal CDARS Total DDA $ 196,457 $ 199,655 $ 17,643 $ 413,754 Non-Maturity $ 146,448 $ 318,428 $ 287,061 $ 751,938 Time $ 60,309 $ 442,900 $ 158,180 $ 81,144 $ 742,533 Total $ 403,213 $ 960,984 $ 462,884 $ 81,144 $ 1,
Slide 15: Deposit Growth
Deposit Growth Deposit Growth $2,500 $18,000 $17,800 $2,000 $17,600 $1,500 (millions) (billions) $17,400 $1,000 $17,200 $500 $17,000 $0 $16,800 Jan-23 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Business Consumer Public Funds Banking Industry (Right Axis) • Total deposits in the banking industr
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