Parent Only Financial Information

12 Months Ended

Dec. 31, 2011

Parent Only Financial Information [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

PARENT ONLY FINANCIAL INFORMATION (In Thousands)

Condensed financial information for Arrow Financial Corporation is as follows:

BALANCE SHEETS	December 31,
ASSETS	2011		2010
Interest-Bearing Deposits with Subsidiary Banks	$	2,395	$	1,558
Securities Available-for-Sale	1,433		1,542
Securities Held-to-Maturity	1,000		1,000
Investment in Subsidiaries at Equity	184,515		172,532
Other Assets	3,915		3,691
Total Assets	$	193,258	$	180,323
LIABILITIES
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	$	20,000	$	20,000
Other Liabilities	6,873		8,064
Total Liabilities	26,873		28,064
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	166,385		152,259
Total Liabilities and Stockholders’ Equity	$	193,258	$	180,323

STATEMENTS OF INCOME	Years Ended December 31,
Income:	2011		2010		2009
Dividends from Bank Subsidiaries	$	14,450	$	12,400	$	11,500
Interest and Dividends on Investments	127		129		100
Other Income (Including Management Fees)	596		720		1,305
Other-Than-Temporary Impairment on Securities Available-for-Sale	—		—		(375		)
Net Gains on the Sale of Securities Available-for-Sale	17		27		15
Total Income	15,190		13,276		12,545
Expense:
Interest Expense	669		666		774
Salaries and Benefits	92		109		211
Other Expense	820		908		884
Total Expense	1,581		1,683		1,869
Income Before Income Tax Benefit and Equity
in Undistributed Net Income of Subsidiaries	13,609		11,593		10,676
Income Tax Benefit	477		489		482
Income Before Equity in Undistributed
Net Income of Subsidiaries	14,086		12,082		11,158
Equity in Undistributed Net Income of Subsidiaries	7,847		9,810		10,634
Net Income	$	21,933	$	21,892	$	21,792

The Statement of Changes in Stockholders’ Equity is not reported because it is identical to the Consolidated Statement of Changes in Stockholders’ Equity.

STATEMENTS OF CASH FLOWS	Years Ended December 31,
	2011			2010			2009
Cash Flows from Operating Activities:
Net Income	$	21,933		$	21,892		$	21,792
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Undistributed Net Income of Subsidiaries	(7,847		)	(9,810		)	(10,634		)
Other-Than-Temporary Impairment	—			—			375
Net Gains on the Sale of Securities Available-for-Sale	(17		)	(27		)	(15		)
Shares Issued Under the Directors’ Stock Plan	175			149			116
Stock-Based Compensation Expense	354			299			189
Changes in Other Assets and Other Liabilities	(165		)	(1,253		)	525
Net Cash Provided by Operating Activities	14,433			11,250			12,348
Cash Flows from Investing Activities:
Proceeds from the Sale of Securities Available-for-Sale	410			270			109
Purchases of Securities Available-for-Sale	(253		)	(373		)	(1,278		)
Net Cash Used in Investing Activities	157			(103		)	(1,169		)
Cash Flows from Financing Activities:
Treasury Stock Issued for Stock-Based Plans	1,887			1,273			1,644
Treasury Stock Issued for Dividend Reinvestment Plans	1,796			1,715			1,658
Tax Benefit from Exercise of Stock Options	51			105			193
Purchase of Treasury Stock	(6,039		)	(3,347		)	(3,761		)
Cash Dividends Paid	(11,448		)	(10,997		)	(10,640		)
Net Cash Used in Financing Activities	(13,753		)	(11,251		)	(10,906		)
Net Increase in Cash and Cash Equivalents	837			(104		)	273
Cash and Cash Equivalents at Beginning of the Year	1,558			1,662			1,389
Cash and Cash Equivalents at End of the Year	$	2,395		$	1,558		$	1,662
Supplemental Disclosures to Statements of   Cash Flow Information:
Interest Paid	$	669		$	666		$	774
Non-cash Investing and Financing Activities:
Shares Issued for Acquisition of Subsidiary	5,261			682			542