Exhibit 99.3

Upstate New York Bancorp, Inc.

Consolidated Balance Sheet (unaudited)

(In Thousands, Except Share and Per Share Data)

Upstate New York Bancorp, Inc.

Consolidated Statements of Income (unaudited)

(In Thousands, Except Share and Per Share Data)

UpState New York Bancorp, Inc.

CONSOLIDATE STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

UPSTATE NEW YORK BANCORP, INC.

UpState New York Bancorp, Inc.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

The unaudited consolidated financial statements include all accounts of UpState New York Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, USNY Bank (the “Bank”). All significant intercompany balances and transactions have been eliminated in consolidation. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. The financial statements reflect, in the opinion of management, all normal, recurring adjustments necessary to present fairly the financial position and results of operations of the Company. These statements should be read in conjunction with the consolidated financial statements and related notes which are incorporated by reference in the Current Report on Form 8-K/A being filed by Norwood Financial Corp (“Norwood”) for the merger of the Company with Norwood which was completed on July 7, 2020.

The following is a summary of held-to maturity and available-for-sale securities:

The amortized cost and estimated fair value of investments in debt securities at March 31, 2020, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

The following tables show the investments gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2020 and December 31, 2019.

At March 31, 2020, the Bank had 99 debt securities with unrealized losses in the above table. These unrealized losses relate principally to changes in interest rates. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the Federal government or its agencies, whether downgrades by bond rating agencies have occurred, and industry analysts’ reports. As management has the ability to hold debt securities until maturity, or for the foreseeable future if classified as available-for-sale, no declines are deemed to be other-than-temporary.

The loan portfolio at March 31, 2020 and December 31, 2019, is summarized as follows:

The loan portfolio includes certain loans, which are considered impaired because, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreements.

Following is a summary of nonaccrual loans and impaired loans as of March 31, 2020 and December 31, 2019, by class of financing receivables (Dollars in Thousands):

Based on management’s analysis, the risk categories of loans are summarized as follows at March 31, 2020 and December 31, 2019:

Changes in the allowance for loan losses for the years ended March 31, 2020 and December 31, 2019 are summarized as follows:

FASB authoritative guidance on fair value measurements provides a framework for measuring fair value under accounting principles generally accepted in the United States of America. The guidance applies to all financial instruments that are being measured and reported on a fair value basis. As defined in the guidance, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Bank uses various methods, including market, income, and cost approaches. Based on these approaches, the Bank often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable inputs. The Bank utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the Bank is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:

Financial assets and financial liabilities measured at fair value on a recurring basis include the following:

Securities available-for-sale: The Bank’s securities available-for-sale are reported at fair value utilizing Level 2 inputs. For these securities, the Bank obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, credit information, and the bond’s terms and conditions, among other things.

Fair value at March 31, 2020 and December 31, 2019, for assets and liabilities measured on a recurring basis is as follows (Dollars in Thousands):

Impaired Loans Impaired loans are those for which the Bank has measured impairment generally based on the fair value of the loan’s collateral. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These real estate appraisals may include up to three approaches to value: the sales comparison approach, the income approach (for income producing property) and the cost approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available, if applicable. Although the fair value of the property normally will be based on an appraisal, the valuation should be consistent with the price that a market participant will pay to purchase the property at the measurement date. Circumstances may exist that indicate that the appraised value is not an accurate measurement of the property’s current fair value. Examples of such circumstances include changed economic conditions since the last appraisal, change in property use, stale appraisals, or imprecision and subjectivity in the appraisal process. Appraisal adjustments may be made by management to reflect these conditions resulting in a discount of the appraised value. In addition, a discount is typically applied to account for estimated costs to sell. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuations, and management’s expertise and knowledge of the client and client’s business. At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive a specific valuation allowance for loan losses. The methods used to determine the fair values of impaired loans typically result in a level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

Fair value at March 31, 2020 and December 31, 2019, for assets and liabilities measured on a nonrecurring basis is as follows (Dollars in Thousands):

In response to the onset of COVID-19, the Bank has participated in the federal government’s Paycheck Protection Program (“PPP”). This program provides borrower guarantees for lenders and envisions a certain amount of loan forgiveness for loan recipients who properly utilize funds, all in accordance with the rules and regulations established by the Small Business Association for the PPP. As of the date of the merger, the Bank had issued PPP loans to borrowers in the amount of $28,522,965. In addition, per discussion above the Bank offered 281 payment deferrals to borrowers who were suffering as a result of the COVID-19 pandemic. Lastly, in order to provide additional financial relief to borrowers and customers, the bank waived NSF and ATM fees for the months of April to June, prior to the merger.