Norwood Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total interest income of $9,456,000 compared to $6,936,000 for the same period a year ago. Net interest income was $8,001,000 compared to $6,112,000 for the same period a year ago. Income before tax was $2,923,000 compared to loss before tax of $166,000 for the same period a year ago. Net income was $2,346,000 compared to $128,000 for the same period a year ago. Diluted earnings per share were $0.56 compared to $0.4 for the same period a year ago. The return on average assets was 0.83% with a return on average equity of 8.17% compared to 0.07% and 0.50%, respectively, in 2015.

For the full year, the company announced total interest income of $32,244,000 compared to $27,779,000 for the same period a year ago. Net interest income was $28,590,000 compared to $24,521,000 for the same period a year ago. Income before tax was $8,595,000 compared to $7,540,000 for the same period a year ago. Net income was $6,711,000 compared to $5,908,000 for the same period a year ago. Diluted earnings per share were $1.73 compared to $1.60 for the same period a year ago. The return on average assets for the year was 0.74% with a return on average equity of 6.17% compared to 0.80% and 5.83%, respectively, in 2015. Book value per share at the end of the period was $26.15 compared to $27.39 for the same period a year ago.

For the three months ended December 31, 2016, net charge-offs totaled $151,000 compared to $1,268,000 for the corresponding period in 2015.