Norwood Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced total interest income of $6,936,000 compared to $6,898,000 for the same period a year ago. Net interest income was $6,112,000 compared to $6,105,000 for the same period a year ago. Loss before tax was $166,000 compared to income before tax of $2,015,000 for the same period a year ago. Net income was $128,000 compared to $1,541,000 for the same period a year ago. Basic and diluted earnings per share were $0.04 compared to $0.42 for the same period a year ago. Return on average assets was 0.07% compared to 0.86% for the same period a year ago. Return on average equity was 0.50% compared to 6.17% for the same period a year ago.

For the full year, the company announced total interest income of $27,779,000 compared to $27,768,000 for the same period a year ago. Net interest income was $24,521,000 compared to $24,560,000 for the same period a year ago. Income before tax was $7,540,000 compared to $10,263,000 for the same period a year ago. Net income was $5,908,000 compared to $7,657,000 for the same period a year ago. Basic and diluted earnings per share were $1.60 compared to $2.10 for the same period a year ago. Return on average assets was 0.80% compared to 1.08% for the same period a year ago. Return on average equity was 5.83% compared to 7.92% for the same period a year ago. Book value per share at the end of the period was $27.39 compared to $26.30 for the same period a year ago.

For the three months ended December 31, 2015, net charge-offs totaled $1,268,000 compared to $196,000 for the corresponding period in 2014.