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Norwood Financial NWFL Gross charge-offs
Gross charge-offs at other companies
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Where this comes from
Reported directly by Norwood Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff.
The source filing: Norwood Financial’s 10-Q, filed May 8, 2026.
- Filed
- May 8, 2026, 8:55 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001013272-26-000005
| (In thousands) | Residential Real Estate | Commercial Real Estate | Agricultural Real Estate | Construction | Commercial | Other Agricultural | Consumer | Total |
|---|---|---|---|---|---|---|---|---|
| Beginning balance, December 31, 2025 | $2,271 | $$7,534 | $395 | 1,471 | $$3,011 | 282 | $4,918 | $19,882 |
| Acquisition adjustment | 124 | 2,626 | 62 | 188 | 457 | 16 | (9) | 3,464 |
| Charge offs | - | - | - | - | (24) | - | (593) | (617) |
| Recoveries | 24 | 9 | - | - | 49 | - | 34 | 116 |
| (Release of) Provision for credit losses | 661 | (300) | 136 | 62 | 202 | 46 | 698 | 1,505 |
| Ending balance, March 31, 2026 | $3,080 | $$9,869 | $593 | 1,721 | $$3,695 | 344 | $5,048 | $24,350 |
Item 1. Financial Statements Item 1. Financial Statements (unaudited)
FAQ
- What is Norwood Financial's gross charge-offs?
- Norwood Financial (NWFL) reported gross charge-offs of $617K in Q1 2026.
- How has Norwood Financial's gross charge-offs changed year-over-year?
- Norwood Financial's gross charge-offs increased by 48.3% year-over-year, from $416K to $617K.
- What is the long-term trend for Norwood Financial's gross charge-offs?
- Over 2 years (2023 to 2025), Norwood Financial's gross charge-offs has grown at a -41.7% compound annual growth rate (CAGR), from $6.21M to $2.11M.
- What does gross charge-offs mean?
- Represents the total gross amount of financing receivables, such as loans and leases, excluding accrued interest and the allowance for credit losses. This metric provides a baseline for the total volume of credit extended to customers before accounting for expected losses or interest income. It is a primary indicator of the bank's core lending activity and credit risk exposure.
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