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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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:
 
 
 
 
 
 
 
 
 
June 30, 2014
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
92,186

 
$

 
$
92,186

 
$

 
 
State and Municipal Obligations
102,862

 

 
102,862

 

 
 
Mortgage-Backed Securities - Residential
153,770

 

 
153,770

 

 
 
Corporate and Other Debt Securities
16,829

 

 
16,829

 

 
 
Mutual Funds and Equity Securities
1,201

 

 
1,201

 

 
 
  Total Securities Available-for-Sale
$
366,848

 
$

 
$
366,848

 
$

 
 
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

 
$

 
 
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

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
June 30, 2014
 
 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
326

 
$

 
$

 
$
326

 
$
(139
)
December 31, 2013

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
144

 
$

 
$

 
$
144

 
$
(79
)
June 30, 2013

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

 
$

 
$

 
$
1,175

 
$
(64
)
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 Arrows 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, 2014
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
51,810

 
$
51,810

 
$
51,810

 
$

 
$

Securities Available-for-Sale
366,848

 
366,848

 

 
366,848

 

Securities Held-to-Maturity
297,437

 
304,259

 

 
304,259

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,583

 
4,583

 
4,583

 

 

Net Loans
1,329,088

 
1,342,104

 

 

 
1,342,104

Accrued Interest Receivable
5,849

 
5,849

 
5,849

 

 

Deposits
1,860,666

 
1,856,131

 
1,630,950

 
225,181

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
16,896

 
16,896

 
16,896

 

 

Federal Home Loan Bank Term Advances
34,000

 
34,427

 
24,000

 
10,427

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
365

 
365

 
365

 

 

 
 
 
 
 
 
 
 
 
 
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

 

 

 
 
 
 
 
 
 
 
 
 
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