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Retirement Benefit Plans Retirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The following tables set forth changes in the plans benefit obligations (projected benefit obligation for pension benefits and accumulated benefit obligation for postretirement benefits) and changes in the plans assets and the funded status of the pension plans and other postretirement benefit plan at December 31:


Schedule of Defined Benefit Plan Disclosures
 
Employees'
Pension
Plan
 
Select
Executive
Retirement
Plan
 
Postretirement
Benefit
Plans
Defined Benefit Plan Funded Status
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Fair Value of Plan Assets
$
44,653

 
$

 
$

Benefit Obligation
33,259

 
4,459

 
7,619

Funded Status of Plan
$
11,394

 
$
(4,459
)
 
$
(7,619
)
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Fair Value of Plan Assets
$
39,880

 
$

 
$

Benefit Obligation
37,046

 
5,324

 
9,213

Funded Status of Plan
$
2,834

 
$
(5,324
)
 
$
(9,213
)
 
 
 
 
 
 
Change in Benefit Obligation
 
 
 
 
 
Benefit Obligation, at January 1, 2013
$
37,046

 
$
5,324

 
$
9,213

Service Cost
1,506

 

 
211

Interest Cost
1,261

 
163

 
308

Plan Participants' Contributions

 

 
368

Amendments

 

 

Actuarial Gain
(3,820
)
 
(555
)
 
(1,648
)
Benefits Paid
(2,734
)
 
(473
)
 
(833
)
Benefit Obligation, at December 31, 2013
$
33,259

 
$
4,459

 
$
7,619

 
 
 
 
 
 
Schedule of Defined Benefit Plan Disclosures
 
Employees'
Pension
Plan
 
Select
Executive
Retirement
Plan
 
Postretirement
Benefit
Plans
Benefit Obligation, at January 1, 2012
$
35,047

 
$
4,529

 
$
8,556

Service Cost
1,467

 
87

 
202

Interest Cost
1,436

 
190

 
338

Plan Participants' Contributions

 

 
348

Amendments

 
405

 

Actuarial Loss
2,857

 
441

 
491

Benefits Paid
(3,761
)
 
(328
)
 
(722
)
Benefit Obligation, at December 31, 2012
$
37,046

 
$
5,324

 
$
9,213

 
 
 
 
 
 
Change in Fair Value of Plan Assets
 
 
 
 
 
Fair Value of Plan Assets, at January 1, 2013
$
39,880

 
$

 
$

Actual Return on Plan Assets
7,507

 

 

Employer Contributions

 
473

 
465

Plan Participants' Contributions

 

 
368

Benefits Paid
(2,734
)
 
(473
)
 
(833
)
Fair Value of Plan Assets, at December 31, 2013
$
44,653

 
$

 
$

 
 
 
 
 
 
Change in Fair Value of Plan Assets, continued
 
 
 
 
 
Fair Value of Plan Assets, at January 1, 2012
$
39,206

 
$

 
$

Actual Return on Plan Assets
4,435

 

 

Employer Contributions

 
328

 
374

Plan Participants' Contributions

 

 
348

Benefits Paid
(3,761
)
 
(328
)
 
(722
)
Fair Value of Plan Assets, at December 31, 2012
$
39,880

 
$

 
$

 
 
 
 
 
 
Accumulated Benefit Obligation at December 31, 2013
$
32,886

 
$
4,459

 
$
7,619

 
 
 
 
 
 
Amounts Recognized in the Consolidated Balance Sheets
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Prepaid Pension Asset
$
11,394

 
$

 

Accrued Benefit Liability

 
(4,459
)
 
(7,619
)
Net Benefit Recognized
$
11,394

 
$
(4,459
)
 
$
(7,619
)
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Prepaid Pension Asset
$
2,834

 
$

 

Accrued Benefit Liability

 
(5,324
)
 
(9,213
)
Net Benefit Recognized
$
2,834

 
$
(5,324
)
 
$
(9,213
)
 
 
 
 
 
 
Amounts Recognized in Other Comprehensive Income (Loss)
 
 
 
 
 
For the Year Ended December 31, 2013
 
 
 
 
 
Net Unamortized Gain Arising During the Period
$
(8,438
)
 
$
(554
)
 
$
(1,648
)
Net Prior Service Cost Arising During the Period

 

 

Amortization of Net Loss
(1,231
)
 
(140
)
 
(142
)
Amortization of Prior Service (Cost) Credit
(37
)
 
(79
)
 
114

  Total Other Comprehensive (Loss) Income for Pension and
     Other Postretirement Benefit Plans
$
(9,706
)
 
$
(773
)
 
$
(1,676
)
 
 
 
 
 
 
For the Year Ended December 31, 2012
 
 
 
 
 
Net Unamortized Loss Arising During the Period
$
1,286

 
$
441

 
$
491

Net Prior Service Cost Arising During the Period

 
405

 

Amortization of Net Loss
(1,387
)
 
(156
)
 
(134
)
Amortization of Prior Service (Cost) Credit
(41
)
 
(53
)
 
114

  Total Other Comprehensive (Loss) Income for Pension and
     Other Postretirement Benefit Plans
$
(142
)
 
$
637

 
$
471

 
 
 
 
 
 
Schedule of Defined Benefit Plan Disclosures
 
Employees'
Pension
Plan
 
Select
Executive
Retirement
Plan
 
Postretirement
Benefit
Plans
For the Year Ended December 31, 2011
 
 
 
 
 
Net Unamortized Loss Arising During the Period
$
5,474

 
$
151

 
$
504

Net Prior Service Cost Arising During the Period
191

 
75

 

Amortization of Net Loss
(778
)
 
(147
)
 
(71
)
Amortization of Prior Service (Cost) Credit
(38
)
 
32

 
114

  Total Other Comprehensive (Loss) Income for Pension and
     Other Postretirement Benefit Plans
$
4,849

 
$
111

 
$
547

 
 
 
 
 
 
Accumulated Other Comprehensive Income
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Net Actuarial Loss
$
8,357

 
$
1,674

 
$
1,060

Prior Service (Credit) Cost
(255
)
 
642

 
(305
)
Total Accumulated Other Comprehensive Income, Before Tax
$
8,102

 
$
2,316

 
$
755

 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Net Actuarial Loss
$
18,026

 
$
2,368

 
$
2,850

Prior Service (Credit) Cost
(218
)
 
721

 
(419
)
Total Accumulated Other Comprehensive Income, Before Tax
$
17,808

 
$
3,089

 
$
2,431

Amounts that will be Amortized from Accumulated
  Other Comprehensive Income the Next Year
 
 
 
 
 
Net Actuarial Loss
$
345

 
$
90

 
$
26

Prior Service (Credit) Cost
$
(45
)
 
$
72

 
$
(114
)
 
 
 
 
 
 
Net Periodic Benefit Cost
 
 
 
 
 
For the Year Ended December 31, 2013
 
 
 
 
 
Service Cost
$
1,506

 
$

 
$
211

Interest Cost
1,261

 
163

 
308

Expected Return on Plan Assets
(2,889
)
 

 

Amortization of Prior Service (Credit) Cost
37

 
79

 
(114
)
Amortization of Net Loss
1,232

 
139

 
142

Net Periodic Benefit Cost
$
1,147

 
$
381

 
$
547

 
 
 
 
 
 
For the Year Ended December 31, 2012
 
 
 
 
 
Service Cost
$
1,467

 
$
87

 
$
202

Interest Cost
1,436

 
190

 
338

Expected Return on Plan Assets
(2,865
)
 

 

Amortization of Prior Service (Credit) Cost
41

 
53

 
(114
)
Amortization of Net Loss
1,387

 
156

 
134

Net Periodic Benefit Cost
$
1,466

 
$
486

 
$
560

 
 
 
 
 
 
For the Year Ended December 31, 2011
 
 
 
 
 
Service Cost
$
1,353

 
$
81

 
$
173

Interest Cost
1,598

 
222

 
372

Expected Return on Plan Assets
(2,793
)
 

 

Amortization of Prior Service (Credit) Cost
38

 
(32
)
 
(114
)
Amortization of Net Loss
778

 
147

 
71

Net Periodic Benefit Cost
$
974

 
$
418

 
$
502

 
 
 
 
 
 
Weighted-Average Assumptions Used in
  Calculating Benefit Obligation
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Discount Rate
5.10
%
 
4.85
%
 
5.10
%
Rate of Compensation Increase
3.50
%
 
3.50
%
 
3.50
%
Schedule of Defined Benefit Plan Disclosures
 
Employees'
Pension
Plan
 
Select
Executive
Retirement
Plan
 
Postretirement
Benefit
Plans
Interest Rate Credit for Determining
  Projected Cash Balance Account
4.00
%
 


 
 
Interest Rate to Annuitize Cash
      Balance Account
5.25
%
 


 
 
Interest Rate to Convert Annuities To Actuarially
  Equivalent Lump Sum Amounts
5.25
%
 
5.25
%
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Discount Rate
3.55
%
 
3.15
%
 
3.55
%
Rate of Compensation Increase
3.50
%
 
3.50
%
 
3.50
%
Interest Rate Credit for Determining
  Projected Cash Balance Account
3.00
%
 


 
 
Interest Rate to Annuitize Cash
      Balance Account
4.50
%
 


 
 
Interest Rate to Convert Annuities To Actuarially
  Equivalent Lump Sum Amounts
4.50
%
 
4.50
%
 
 
 
 
 
 
 
 
Weighted-Average Assumptions Used in
  Calculating Net Periodic Benefit Cost
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Discount Rate
3.55
%
 
3.15
%
 
3.55
%
Expected Long-Term Return on Plan Assets
7.50
%
 


 
 
Rate of Compensation Increase
3.50
%
 
3.50
%
 
3.50
%
Interest Rate Credit for Determining
      Projected Cash Balance Account
3.00
%
 


 
 
Interest Rate to Annuitize Cash
      Balance Account
4.50
%
 


 
 
Interest Rate to Convert AnnuitiesTo Actuarially
  Equivalent Lump Sum Amounts
4.50
%
 
4.50
%
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Discount Rate
4.05
%
 
4.05
%
 
4.05
%
Expected Long-Term Return on Plan Assets
7.50
%
 


 
 
Rate of Compensation Increase
3.50
%
 
3.50
%
 
3.50
%
Interest Rate Credit for Determining
      Projected Cash Balance Account
3.25
%
 


 
 
Interest Rate to Annuitize Cash
      Balance Account
5.00
%
 


 
 
Interest Rate to Convert AnnuitiesTo Actuarially
  Equivalent Lump Sum Amounts
5.00
%
 
5.00
%
 
 
 
 
 
 
 
 
December 31, 2011
 
 
 
 
 
Discount Rate
5.15
%
 
5.15
%
 
5.15
%
Expected Long-Term Return on Plan Assets
7.50
%
 


 
 
Rate of Compensation Increase
3.50
%
 
3.50
%
 
3.50
%
Interest Rate Credit for Determining
      Projected Cash Balance Account
4.25
%
 


 
 
Interest Rate to Annuitize Cash
      Balance Account
5.50
%
 


 
 
Interest Rate to Convert AnnuitiesTo Actuarially
  Equivalent Lump Sum Amounts
5.50
%
 
5.50
%
 
 

Schedule of Defined Benefit Plan Disclosures
Information about Defined Benefit Plan Assets - Employees' Pension Plan
 
Fair Value Measurements Using:
 
 
 
 
 
 
Asset Category
Quoted Prices
in Active Markets
for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
 
Percent of Total
 
Target Allocation Minimum
 
Target Allocation Maximum
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
$
7

 
$

 
$

 
$
7

 
%
 
%
 
15.0
%
Interest-Bearing Money Market Fund
3,941

 

 

 
3,941

 
8.8
%
 
%
 
15.0
%
Arrow Common Stock1
4,291

 

 

 
4,291

 
9.6
%
 
%
 
10.0
%
North Country Funds - Equity 2
17,419

 

 

 
17,419

 
39.1
%
 


 


Other Mutual Funds - Equity
14,338

 

 

 
14,338

 
32.1
%
 


 


Total Equity Funds
31,757

 

 

 
31,757

 
71.2
%
 
55.0
%
 
85.0
%
North Country Funds - Fixed income 2
4,309

 

 

 
4,309

 
9.6
%
 


 


Other Mutual Funds - Fixed Income
348

 

 

 
348

 
0.8
%
 


 


Total Fixed Income Funds
4,657

 

 

 
4,657

 
10.4
%
 
10.0
%
 
30.0
%
  Total
$
44,653

 
$

 
$

 
$
44,653

 
100.0
%
 


 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash
$
17

 
$

 
$

 
$
17

 
%
 
%
 
15.0
%
Interest-Bearing Money Market Fund
5,236

 

 

 
5,236

 
13.1
%
 
%
 
15.0
%
Arrow Common Stock
4,197

 

 

 
4,197

 
10.5
%
 
%
 
10.0
%
North Country Funds - Equity 2
13,043

 

 

 
13,043

 
32.8
%
 


 

Other Mutual Funds - Equity
11,160

 

 

 
11,160

 
28.0
%
 


 

Total Equity Funds
24,203

 

 

 
24,203

 
60.8
%
 
55.0
%
 
85.0
%
North Country Funds - Fixed income 2
4,236

 

 

 
4,236

 
10.6
%
 


 

Other Mutual Funds - Fixed Income
1,991

 

 

 
1,991

 
5.0
%
 


 

Total Fixed Income Funds
6,227

 

 

 
6,227

 
15.6
%
 
10.0
%
 
30.0
%
  Total
$
39,880

 
$

 
$

 
$
39,880

 
100.0
%
 

 











1 Acquisition of Arrow Financial Corporation common stock was under 10% of the total fair value of the employee's pension plan assets at the time of acquisition.
2 The North Country Funds - Equity and the North Country Funds - Fixed Income are publicly traded mutual funds advised by Arrow's subsidiary, North Country Investment Advisers, Inc.

Schedule of Defined Benefit Plan Disclosures
 
Employees'
Pension
Plan
 
Select
Executive
Retirement
Plan
 
Postretirement
Benefit
Plans
Expected Future Benefit Payments
 
 
 
 
 
2014
$
3,068

 
$
452

 
$
510

2015
2,047

 
440

 
531

2016
2,344

 
416

 
539

2017
2,252

 
402

 
549

2018
2,165

 
388

 
562

2019-2023
12,516

 
1,699

 
3,026

 


 
 
 
 
Estimated Contributions During 2014
$

 
$
452

 
$
510

 
 
 
 
 
 
Assumed Health Care Cost Trend Rates
 
 
 
 
 
December 31, 2013
 
 
 
 
 
Health Care Cost Trend
  Rate Assumed for Next Year
 
 
 
 
8.50
%
Rate to which the Cost Trend
  Rate is Assumed to Decline
  (the Ultimate Trend Rate)
 
 
 
 
5.00
%
Year that the Rate Reaches
   the Ultimate Trend Rate
 
 
 
 
2021

 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
Health Care Cost Trend
  Rate Assumed for Next Year
 
 
 
 
9.00
%
Rate to which the Cost Trend
  Rate is Assumed to Decline
  (the Ultimate Trend Rate)
 
 
 
 
5.00
%
Year that the Rate Reaches
   the Ultimate Trend Rate
 
 
 
 
2021

 
 
 
 
 
 
Effect of a One-Percentage Point Change in Assumed
  Health Care Cost Trend Rates
 
 
 
 
 
Effect of a One Percentage Point Increase on
  Service and Interest Cost Components
 
 
 
 
$
59

Effect of a One Percentage Point Decrease on
  Service and Interest Cost Components
 
 
 
 
(49
)
Effect of a One Percentage Point Increase on
  Accumulated Postretirement Benefit Obligation
 
 
 
 
557

Effect of a One Percentage Point Decrease on
  Accumulated Postretirement Benefit Obligation
 
 
 
 
(478
)