SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                                 (Rule 13d-102)



INFORMATION  TO BE INCLUDED IN STATEMENTS  FILED PURSUANT TO RULES 13d- 1(b) AND
(c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

                               (Amendment No. 4)*


                             NORWOOD FINANCIAL CORP.
             -------------------------------------------------------
                                (Name of Issuer)


                     Common Stock $0.10 Par Value Per Share
             -------------------------------------------------------
                         (Title of Class of Securities)


                                   669549 10 7
             -------------------------------------------------------
                                 (CUSIP Number)


                                January 22, 2003
             -------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this schedule
is filed:

|X|  Rule 13d-1(b)

|_|  Rule 13d-1(c)

|_|  Rule 13d-1(d)


---------------
* The  remainder of the cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

         The information  required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).

                                Page 1 of 5 pages
                         (Continued on following pages)



---------------------------------------
CUSIP No.  669549 10 7                     13G
---------------------------------------

--------------------------------------------------------------------------------
           1      NAME OF REPORTING PERSONS
                  I.R.S.  IDENTIFICATION  NO. OF ABOVE  PERSONS  (ENTITIES ONLY)

                  Wayne Bank Trust Department
--------------------------------------------------------------------------------
           2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP       (a) [_]
                                                                         (b) [_]
                  N/A
--------------------------------------------------------------------------------
           3      SEC USE ONLY

--------------------------------------------------------------------------------
           4      CITIZENSHIP OR PLACE OF ORGANIZATION

                  Pennsylvania
--------------------------------------------------------------------------------
                        5         SOLE VOTING POWER
  NUMBER OF
    SHARES                              195,071 Shares
                  --------------------------------------------------------------
 BENEFICIALLY           6         SHARED VOTING POWER
   OWNED BY                                   0 Shares
                  --------------------------------------------------------------
     EACH               7         SOLE DISPOSITIVE POWER
  REPORTING                             195,071 Shares
                  --------------------------------------------------------------
 PERSON WITH            8         SHARED DISPOSITIVE POWER
                                              0 Shares
--------------------------------------------------------------------------------
           9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                        195,071 Shares
--------------------------------------------------------------------------------
          10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

                  CERTAIN SHARES                                             [X]
--------------------------------------------------------------------------------
          11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                                            7.3%
--------------------------------------------------------------------------------
          12      TYPE OF REPORTING PERSON

                                              BK
--------------------------------------------------------------------------------

                                Page 2 of 5 pages


Item 1(a).  Name of Issuer:
----------  ---------------

         Norwood Financial Corp.

Item 1(b).  Address of Issuer's Principal Executive Offices:
----------  ------------------------------------------------

         717 Main Street, Honesdale, Pennsylvania 18431

Item 2(a).  Name of Person Filing:
----------  ----------------------

         Wayne Bank Trust Department

Item 2(b). Address of Principal Business Office or, if None,
------------------------------------------------------------
           Residence:
           ----------

         717 Main Street, Honesdale, Pennsylvania 18431

Item 2(c).  Citizenship:
----------  ------------

         Pennsylvania

Item 2(d).  Title of Class of Securities:
----------  -----------------------------

         Common Stock, $0.10 par value per share.

Item 2(e).  CUSIP Number:
----------  -------------

         669549 10 7

Item 3.  Check whether the person filing is a:
-------  -------------------------------------

Item 3(b) X  Bank, in accordance with Rule 13d-1(b)(1)(ii)(B).
         ---

Item 3(a)(c)(d)(e)(f)(g)(h)(i)(j) - not applicable.

Item 4.  Ownership:
-------  ----------

         The following  information  relates to the Wayne Bank Trust  Department
ownership as of January 14, 2003:

         (a)      Amount beneficially owned:
                  195,071 shares

         (b)      Percent of Class:
                  7.3%

                                Page 3 of 5 pages


         (c) Number of shares as to which such person has:

             (i)      Sole  power to vote or to direct  the  vote:
                      195,071 shares

             (ii)     Shared power to vote or to direct the vote:
                      0 shares

             (iii)    Sole power to  dispose  or to direct the  disposition of:
                      195,071 shares

             (iv)     Shared power to dispose or to direct the  disposition of:
                      0 shares

         Wayne  Bank  Trust  Department  ("Department")  is  trustee to 23 trust
         accounts that include,  in the aggregate,  among their  investments the
         195,071 common stock of Norwood Financial Corp. The Department has sole
         voting power with respect to those shares. Furthermore,  the Department
         holds an  aggregate  of  212,484  shares  of  Common  Stock of  Norwood
         Financial  Corp.  in two  trust  accounts  as to which it has no voting
         power. These shares are excluded from this schedule.

Item 5.  Ownership of Five Percent or Less of a Class:
-------  ---------------------------------------------

         Virtually  all of our  accounts  involve  outside  persons who have the
right to receive or direct the receipt of dividends  from,  or the proceeds from
the sale of, securities in such accounts with respect to the class of securities
which are subject to this report.  However,  no such  person's  rights relate to
more than five percent of the class unless such person is identified below.

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person:
-------  ----------------------------------------------------------------

         Not Applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
-------  ----------------------------------------------------------------------
         Security Being Reported on by the Parent Holding Company:
         ---------------------------------------------------------

         Not Applicable.

Item 8.  Identification and Classification of Members of the Group:
-------  ----------------------------------------------------------

         Not Applicable.

Item 9.  Notice of Dissolution of Group:
-------  -------------------------------

         Not Applicable.


                                Page 4 of 5 pages


Item 10.  Certification:
--------  --------------

         By  signing  below I  certify  that,  to the best of my  knowledge  and
belief, the securities referred to above were acquired in the ordinary course of
business  and were not acquired for the purpose of and do not have the effect of
changing or  influencing  the control of the issuer of such  securities and were
not acquired in connection  with or as a participant in any  transaction  having
such purpose or effect.


                                Page 5 of 5 pages



                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete,  and
correct.

                                       Wayne Bank Trust Department



Date: January 15, 2004                 By: /s/ Wayne D. Wilcha
                                           -------------------------------------
                                                Wayne D. Wilcha
                                                Senior Vice President and Trust
                                                Officer