WAYNE COUNTY, PA — Lewis J. Critelli, president and CEO of Norwood Financial Corp. and its subsidiary, Wayne Bank, has announced results for the three months ending June 30. Earnings for the period were $1,878,000, a decrease of $85,000 from the $1,963,000 earned in the similar period of 2015 due primarily to increases in operating expenses and a provision for loan losses.

Critelli said, “Our earnings for the first half of 2016 were in line with projections.... Our net interest margin exceeds peer banks, core operating expenses remain well controlled and our capital base remains above regulatory ‘well capitalized’ targets. We are focused on our pending acquisition of Delaware Bancshares, Inc., including the integration of 12 new community offices located in Delaware and Sullivan counties, New York, into the Wayne Bank system. All required regulatory and shareholder approvals have been received, and closing is expected in the third quarter of 2016.”