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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The table below presents the financial instrument's fair value and the amounts within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement:
Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
 
 
 
Fair Value Measurements at Reporting Date Using:
 
Fair Value
 
Quoted Prices
In Active Markets for Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Fair Value of Assets and Liabilities Measured on a Recurring Basis:
 
 
 
 
 
 
 
June 30, 2013
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
U.S. Agency Obligations
$
150,046

 
$
—

 
$
150,046

 
$
—

State and Municipal Obligations
130,444

 
—

 
130,444

 
—

Mortgage-Backed Securities - Residential
203,230

 
—

 
203,230

 
—

Corporate and Other Debt Securities
16,711

 
—

 
16,711

 
—

Mutual Funds and Equity Securities
1,143

 
—

 
1,143

 
—

  Total Securities Available-for-Sale
$
501,574

 
$
—

 
$
501,574

 
$
—

December 31, 2012
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
U.S. Agency Obligations
$
122,457

 
$
—

 
$
122,457

 
$
—

State and Municipal Obligations
84,838

 
—

 
84,838

 
—

Mortgage-Backed Securities - Residential
261,804

 
—

 
261,804

 
—

Corporate and Other Debt Securities
8,451

 
—

 
8,451

 
—

Mutual Funds and Equity Securities
1,148

 
—

 
1,148

 
—

Total Securities Available-for Sale
$
478,698

 
$
—

 
$
478,698

 
$
—

June 30, 2012
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
U.S. Agency Obligations
$
48,655

 
$
—

 
$
48,655

 
$
—

State and Municipal Obligations
55,013

 
—

 
55,013

 
—

Mortgage-Backed Securities - Residential
325,076

 
—

 
325,076

 
—

Corporate and Other Debt Securities
801

 
—

 
801

 
—

Mutual Funds and Equity Securities
1,465

 
249

 
1,216

 
—

Total Securities Available-for Sale
$
431,010

 
$
249

 
$
430,761

 
$
—

 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
June 30, 2013
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
—

 
$
—

 
$
—

 
$
—

Other Real Estate Owned and Repossessed Assets, Net
$
1,175

 
$
—

 
$
—

 
$
1,175

December 31, 2012

 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
1,020

 
$
—

 
$
—

 
$
1,020

Other Real Estate Owned and Repossessed Assets, Net
$
1,034

 
$
—

 
$
—

 
$
1,034

June 30, 2012

 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
486

 
$
—

 
$
—

 
$
486

Other Real Estate Owned and Repossessed Assets, Net
$
837

 
$
—

 
$
—

 
$
837

Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table presents a summary of the carrying amount, the fair value or an amount approximating fair value and the fair value hierarchy of Arrow’s financial instruments:

Schedule of Fair Values by Balance Sheet Grouping
 
 
 
 
 
Fair Value Hierarchy
 
Carrying
Amount
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
June 30, 2013
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
44,600

 
$
44,600

 
$
44,600

 
$
—

 
$
—

Securities Available-for-Sale
501,574

 
501,574

 
—

 
501,574

 
—

Securities Held-to-Maturity
248,914

 
252,691

 
—

 
252,691

 
—

Federal Home Loan Bank and Federal Reserve Bank Stock
6,136

 
6,136

 
6,136

 
—

 
—

Net Loans
1,190,056

 
1,198,430

 
—

 
—

 
1,198,430

Accrued Interest Receivable
5,708

 
5,708

 
5,708

 
—

 
—

Deposits
1,779,905

 
1,776,590

 
1,510,867

 
265,723

 
—

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
14,738

 
14,738

 
14,738

 
—

 
—

Federal Home Loan Bank Term Advances
70,000

 
70,267

 
40,000

 
30,267

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
493

 
493

 
493

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
48,832

 
$
48,832

 
$
48,832

 
$
—

 
$
—

Securities Available-for-Sale
478,698

 
478,698

 
—

 
478,698

 
—

Securities Held-to-Maturity
239,803

 
248,252

 
—

 
248,252

 
—

Federal Home Loan Bank and Federal Reserve Bank Stock
5,792

 
5,792

 
5,792

 
—

 
—

Net Loans
1,157,043

 
1,192,628

 
—

 
—

 
1,192,628

Accrued Interest Receivable
5,486

 
5,486

 
5,486

 
—

 
—

Deposits
1,731,155

 
1,732,894

 
1,447,882

 
285,012

 
—

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
12,678

 
12,678

 
12,678

 
—

 
—

Federal Home Loan Bank Term Advances
59,000

 
60,312

 
29,000

 
31,312

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
584

 
584

 
584

 
—

 
—

 
 
 
 
 
 
 
 
 
 
June 30, 2012
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
57,751

 
$
57,751

 
$
57,751

 
$
—

 
$
—

Securities Available-for-Sale
431,010

 
431,010

 
249

 
430,761

 
—

Securities Held-to-Maturity
252,902

 
261,574

 
—

 
261,574

 
—

Federal Home Loan Bank and Federal Reserve Bank Stock
4,479

 
4,479

 
4,479

 
—

 
—

Net Loans
1,131,430

 
1,156,811

 
—

 
—

 
1,156,811

Accrued Interest Receivable
5,712

 
5,712

 
5,712

 
—

 
—

Deposits
1,704,883

 
1,708,994

 
1,380,904

 
328,090

 
—

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
16,097

 
16,097

 
16,097

 
—

 
—

Federal Home Loan Bank Term Advances
30,000

 
31,269

 
—

 
31,269

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
898

 
898

 
898

 
—

 
—