Parent Only Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

PARENT ONLY FINANCIAL INFORMATION (Dollars In Thousands)

Condensed financial information for Arrow Financial Corporation is as follows:

BALANCE SHEETS	December 31,
ASSETS	2014		2013
Interest-Bearing Deposits with Subsidiary Banks	$	3,013	$	3,349
Available-for-Sale Securities	1,254		1,166
Held-to-Maturity Securities	1,000		1,000
Investment in Subsidiaries at Equity	214,813		206,680
Other Assets	6,538		5,807
Total Assets	$	226,618	$	218,002
LIABILITIES
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	$	20,000	$	20,000
Other Liabilities	5,692		5,848
Total Liabilities	25,692		25,848
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	200,926		192,154
Total Liabilities and Stockholders’ Equity	$	226,618	$	218,002

STATEMENTS OF INCOME	Years Ended December 31,
Income:	2014		2013		2012
Dividends from Bank Subsidiaries	$	13,300	$	12,900	$	12,700
Interest and Dividends on Investments	116		116		123
Other Income (Including Management Fees)	578		549		776
Net Gains on Securities Transactions	—		—		63
Total Income	13,994		13,565		13,662
Expense:
Interest Expense	620		640		692
Salaries and Employee Benefits	77		59		75
Other Expense	754		860		957
Total Expense	1,451		1,559		1,724
Income Before Income Tax Benefit and Equity
in Undistributed Net Income of Subsidiaries	12,543		12,006		11,938
Income Tax Benefit	473		634		575
Equity in Undistributed Net Income of Subsidiaries	10,344		9,155		9,666
Net Income	$	23,360	$	21,795	$	22,179

The Statement of Changes in Stockholders’ Equity is not reported because it is identical to the Consolidated Statement of Changes in Stockholders’ Equity.

STATEMENTS OF CASH FLOWS	Years Ended December 31,
	2014			2013			2012
Cash Flows from Operating Activities:
Net Income	$	23,360		$	21,795		$	22,179
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Undistributed Net Income of Subsidiaries	(10,344		)	(9,155		)	(9,666		)
Net Gains on the Sale of Securities Available-for-Sale	—			—			(63		)
Shares Issued Under the Directors’ Stock Plan	197			198			175
Stock-Based Compensation Expense	360			372			424
Changes in Other Assets and Other Liabilities	(1,014		)	(990		)	(1,640		)
Net Cash Provided by Operating Activities	12,559			12,220			11,409
Cash Flows from Investing Activities:
Proceeds from the Sale of Securities Available-for-Sale	45			45			681
Purchases of Securities Available-for-Sale	(45		)	(45		)	(359		)
Net Cash Provided by Investing Activities	—			—			322
Cash Flows from Financing Activities:
Stock Options Exercised	1,942			1,254			2,105
Shares Issued Under the Employee Stock Purchase Plan	—			477			484
Shares Issued for Dividend Reinvestment Plans	—			1,280			1,822
Tax Benefit for Exercises of Stock Options	25			23			68
Purchase of Treasury Stock	(2,455		)	(1,709		)	(4,877		)
Cash Dividends Paid	(12,407		)	(12,109		)	(11,815		)
Net Cash Used in Financing Activities	(12,895		)	(10,784		)	(12,213		)
Net (Decrease) Increase in Cash and Cash Equivalents	(336		)	1,436			(482		)
Cash and Cash Equivalents at Beginning of the Year	3,349			1,913			2,395
Cash and Cash Equivalents at End of the Year	$	3,013		$	3,349		$	1,913
Supplemental Disclosures to Statements of   Cash Flow Information:
Interest Paid	$	620		$	640		$	692
Non-cash Investing and Financing Activities:
Shares Issued for Acquisition of Subsidiary	91			233			233