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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2015
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, 2015
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
151,527

 
$
—

 
$
151,527

 
$
—

 
 
State and Municipal Obligations
74,095

 
—

 
74,095

 
—

 
 
Mortgage-Backed Securities - Residential
149,510

 
—

 
149,510

 
—

 
 
Corporate and Other Debt Securities
16,756

 
—

 
16,756

 
—

 
 
Mutual Funds and Equity Securities
1,245

 
—

 
1,245

 
—

 
 
  Total Securities Available-for-Sale
$
393,133

 
$
—

 
$
393,133

 
$
—

 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
137,603

 
$
—

 
$
137,603

 
$
—

 
 
State and Municipal Obligations
81,730

 
—

 
81,730

 
—

 
 
Mortgage-Backed Securities - Residential
128,827

 
—

 
128,827

 
—

 
 
Corporate and Other Debt Securities
16,725

 
—

 
16,725

 
—

 
 
Mutual Funds and Equity Securities
1,254

 
—

 
1,254

 
—

 
 
Total Securities Available-for Sale
$
366,139

 
$
—

 
$
366,139

 
$
—

 
 
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

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
March 31, 2015
 
 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
529

 
$
—

 
$
—

 
$
529

 
$
(15
)
Collateral Dependent Impaired Loans
600

 
—

 
—

 
$
600

 
(149
)
December 31, 2014

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
393

 
$
—

 
$
—

 
$
393

 
$
(15
)
Collateral Dependent Impaired Loans
574

 
—

 
—

 
$
574

 
(109
)
March 31, 2014

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
198

 
$
—

 
$
—

 
$
198

 
$
(52
)
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, 2015
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
111,595

 
$
111,595

 
$
111,595

 
$
—

 
$
—

Securities Available-for-Sale
393,133

 
393,133

 
—

 
393,133

 
—

Securities Held-to-Maturity
305,175

 
312,500

 
—

 
312,500

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,806

 
4,806

 
4,806

 
—

 
—

Net Loans
1,419,169

 
1,429,553

 
—

 
—

 
1,429,553

Accrued Interest Receivable
6,698

 
6,698

 
6,698

 
—

 
—

Deposits
2,018,704

 
2,016,098

 
1,820,165

 
195,933

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
15,895

 
15,895

 
15,895

 
—

 
—

Federal Home Loan Bank Term Advances
50,000

 
50,851

 
—

 
50,851

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
289

 
289

 
289

 
—

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
46,295

 
$
46,295

 
$
46,295

 
$
—

 
$
—

Securities Available-for-Sale
366,139

 
366,139

 
—

 
366,139

 
—

Securities Held-to-Maturity
302,024

 
308,566

 
—

 
308,566

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,851

 
4,851

 
4,851

 
—

 
—

Net Loans
1,397,698

 
1,405,454

 
—

 
—

 
1,405,454

Accrued Interest Receivable
5,834

 
5,834

 
5,834

 
—

 
—

Deposits
1,902,948

 
1,899,682

 
1,697,105

 
202,577

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
19,421

 
19,421

 
19,421

 
—

 
—

Federal Home Loan Bank Term Advances
51,000

 
51,258

 
41,000

 
10,258

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
274

 
274

 
274

 
—

 
—

 
 
 
 
 
 
 
 
 
 
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

 
—

 
—