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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
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)
 
Total Gains (Losses)
Fair Value of Assets and Liabilities Measured on a Recurring Basis:
 
 
 
 
 
 
 
 
 
March 31, 2014
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
121,220

 
$
—

 
$
121,220

 
$
—

 
 
State and Municipal Obligations
125,410

 
—

 
125,410

 
—

 
 
Mortgage-Backed Securities - Residential
164,541

 
—

 
164,541

 
—

 
 
Corporate and Other Debt Securities
16,839

 
—

 
16,839

 
—

 
 
Mutual Funds and Equity Securities
1,220

 
—

 
1,220

 
—

 
 
  Total Securities Available-for-Sale
$
429,230

 
$
—

 
$
429,230

 
$
—

 
 
December 31, 2013
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
136,475

 
$
—

 
$
136,475

 
$
—

 
 
State and Municipal Obligations
127,389

 
—

 
127,389

 
—

 
 
Mortgage-Backed Securities - Residential
175,778

 
—

 
175,778

 
—

 
 
Corporate and Other Debt Securities
16,798

 
—

 
16,798

 
—

 
 
Mutual Funds and Equity Securities
1,166

 
—

 
1,166

 
—

 
 
Total Securities Available-for Sale
$
457,606

 
$
—

 
$
457,606

 
$
—

 
 
March 31, 2013
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
132,153

 
$
—

 
$
132,153

 
$
—

 
 
State and Municipal Obligations
104,469

 
—

 
104,469

 
—

 
 
Mortgage-Backed Securities - Residential
228,323

 
—

 
228,323

 
—

 
 
Corporate and Other Debt Securities
12,691

 
—

 
12,691

 
—

 
 
Mutual Funds and Equity Securities
1,139

 
—

 
1,139

 
—

 
 
Total Securities Available-for Sale
$
478,775

 
$
—

 
$
478,775

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
March 31, 2014
 
 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
198

 
$
—

 
$
—

 
$
198

 
$
(52
)
December 31, 2013

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
144

 
$
—

 
$
—

 
$
144

 
$
(79
)
March 31, 2013

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
1,194

 
$
—

 
$
—

 
$
1,194

 
$
(56
)
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
March 31, 2014
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
76,050

 
$
76,050

 
$
76,050

 
$
—

 
$
—

Securities Available-for-Sale
429,230

 
429,230

 
—

 
429,230

 
—

Securities Held-to-Maturity
317,632

 
322,335

 
—

 
322,335

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
3,896

 
3,896

 
3,896

 
—

 
—

Net Loans
1,295,787

 
1,306,043

 
—

 
—

 
1,306,043

Accrued Interest Receivable
6,808

 
6,808

 
6,808

 
—

 
—

Deposits
1,948,019

 
1,944,116

 
1,709,784

 
234,332

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
13,787

 
13,787

 
13,787

 
—

 
—

Federal Home Loan Bank Term Advances
20,000

 
20,519

 
—

 
20,519

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
405

 
405

 
405

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
49,980

 
$
49,980

 
$
49,980

 
$
—

 
$
—

Securities Available-for-Sale
457,606

 
457,606

 
—

 
457,606

 
—

Securities Held-to-Maturity
299,261

 
302,305

 
—

 
302,305

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
6,281

 
6,281

 
6,281

 
—

 
—

Net Loans
1,252,038

 
1,266,020

 
—

 
—

 
1,266,020

Accrued Interest Receivable
5,745

 
5,745

 
5,745

 
—

 
—

Deposits
1,842,330

 
1,839,613

 
1,595,103

 
244,510

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
11,777

 
11,777

 
11,777

 
—

 
—

Federal Home Loan Bank Term Advances
73,000

 
74,629

 
53,000

 
21,629

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
439

 
439

 
439

 
—

 
—

 
 
 
 
 
 
 
 
 
 
March 31, 2013
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
137,174

 
$
137,174

 
$
137,174

 
$
—

 
$
—

Securities Available-for-Sale
478,775

 
478,775

 
—

 
478,775

 
—

Securities Held-to-Maturity
251,456

 
259,562

 
—

 
259,562

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,493

 
4,493

 
4,493

 
—

 
—

Net Loans
1,150,156

 
1,167,063

 
—

 
—

 
1,167,063

Accrued Interest Receivable
6,481

 
6,481

 
6,481

 
—

 
—

Deposits
1,851,206

 
1,850,614

 
1,575,954

 
274,660

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
12,166

 
12,166

 
12,166

 
—

 
—

Federal Home Loan Bank Term Advances
30,000

 
31,263

 
—

 
31,263

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
523

 
523

 
523

 
—

 
—