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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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:
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
134,051

 
$

 
$
134,051

 
$

 
 
State and Municipal Obligations
92,150

 

 
92,150

 

 
 
Mortgage-Backed Securities - Residential
130,101

 

 
130,101

 

 
 
Corporate and Other Debt Securities
16,756

 

 
16,756

 

 
 
Mutual Funds and Equity Securities
1,277

 

 
1,277

 

 
 
  Total Securities Available-for-Sale
$
374,335

 
$

 
$
374,335

 
$

 
 
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

 
$

 
 
September 30, 2013
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
149,774

 
$

 
$
149,774

 
$

 
 
State and Municipal Obligations
133,919

 

 
133,919

 

 
 
Mortgage-Backed Securities - Residential
185,215

 

 
185,215

 

 
 
Corporate and Other Debt Securities
16,798

 

 
16,798

 

 
 
Mutual Funds and Equity Securities
1,182

 

 
1,182

 

 
 
Total Securities Available-for Sale
$
486,888

 
$

 
$
486,888

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
September 30, 2014
 
 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
392

 
$

 
$

 
$
392

 
$
(139
)
Impaired Loans
533

 

 

 
533

 
(82
)
December 31, 2013

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
144

 
$

 
$

 
$
144

 
$
(79
)
September 30, 2013

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
499

 
$

 
$

 
$
499

 
$
(180
)
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
September 30, 2014
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
64,664

 
$
64,664

 
$
64,664

 
$

 
$

Securities Available-for-Sale
374,335

 
374,335

 

 
374,335

 

Securities Held-to-Maturity
296,522

 
302,567

 

 
302,567

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
3,001

 
3,001

 
3,001

 

 

Net Loans
1,366,147

 
1,371,368

 

 

 
1,371,368

Accrued Interest Receivable
6,629

 
6,629

 
6,629

 

 

Deposits
1,935,356

 
1,929,377

 
1,709,155

 
220,222

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
19,654

 
19,654

 
19,654

 

 

Federal Home Loan Bank Term Advances
10,000

 
10,340

 
10,340

 

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
357

 
357

 
357

 

 

 
 
 
 
 
 
 
 
 
 
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

 

 

 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
72,052

 
$
72,052

 
$
72,052

 
$

 
$

Securities Available-for-Sale
486,888

 
486,888

 

 
486,888

 

Securities Held-to-Maturity
273,626

 
278,390

 

 
278,390

 

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

 
3,896

 
3,896

 

 

Net Loans
1,228,786

 
1,246,005

 

 

 
1,246,005

Accrued Interest Receivable
6,614

 
6,614

 
6,614

 

 

Deposits
1,895,375

 
1,891,086

 
1,635,549

 
255,537

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
15,977

 
15,977

 
15,977

 

 

Federal Home Loan Bank Term Advances
20,000

 
20,823

 

 
20,823

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
472

 
472

 
472