Lease Committments

12 Months Ended

Dec. 31, 2011

Leases of Lessee Disclosure [Text Block]

LEASE COMMITMENTS (In Thousands)

At December 31, 2011, Arrow was obligated under a number of noncancellable operating leases for buildings and equipment. Certain of these leases provide for escalation clauses and contain renewal options calling for increased rentals if the lease is renewed.

Future minimum lease payments on operating leases at December 31, 2011 were as follows:



	Operating Leases
2012	$	537
2013	528
2014	529
2015	536
2016	397
Later Years	779
Total Minimum Lease Payments	$	3,306

Arrow leases four of its branch offices, at market rates, from Stewart’s Shops Corp. Gary Dake, President of Stewart’s Shops Corp., serves on both the boards of Arrow and Saratoga National Bank and Trust Company.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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