Norwood Financial earnings up 5.2%
HONESDALE - Wayne Bank parent company Norwood Financial Corp. reported $2.3 million in earnings for the first quarter and increase of 5.2 percent compared to the year-ago quarter.
Earnings per share at the Honesdale-based bank were 63 cents, up 2 cents from the same quarter last year.
Net interest income was down a bit for the quarter, but more than offset by $770,000 of proceeds from a bank-owned life insurance policy. The bank ended the quarter with $680.8 million in assets, down $4.8 million from the prior year.