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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 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, 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

 
—

 
—