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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 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:
 
 
 
 
 
 
 
 
 
September 30, 2015
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
162,518

 
$
—

 
$
162,518

 
$
—

 
 
State and Municipal Obligations
55,486

 
—

 
55,486

 
—

 
 
Mortgage-Backed Securities - Residential
161,637

 
—

 
161,637

 
—

 
 
Corporate and Other Debt Securities
16,672

 
—

 
16,672

 
—

 
 
Mutual Funds and Equity Securities
1,246

 
—

 
1,246

 
—

 
 
  Total Securities Available-for-Sale
$
397,559

 
$
—

 
$
397,559

 
$
—

 
 
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

 
$
—

 
 
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

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
September 30, 2015
 
 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
902

 
$
—

 
$
—

 
$
902

 
$
(322
)
Collateral Dependent Impaired Loans
585

 
—

 
—

 
$
585

 
(135
)
December 31, 2014

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
393

 
$
—

 
$
—

 
$
393

 
$
(15
)
Collateral Dependent Impaired Loans
574

 
—

 
—

 
$
574

 
(109
)
September 30, 2014

 
 
 
 
 
 
 
 
Other Real Estate Owned and Repossessed Assets, Net
$
392

 
$
—

 
$
—

 
$
392

 
$
(139
)
Collateral Dependent Impaired Loans
533

 
—

 
—

 
$
533

 
(82
)
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
September 30, 2015
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
69,691

 
$
69,691

 
$
69,691

 
$
—

 
$
—

Securities Available-for-Sale
397,559

 
397,559

 
—

 
397,559

 
—

Securities Held-to-Maturity
317,480

 
324,009

 
—

 
324,009

 
—

Federal Home Loan Bank and Federal
  Reserve Bank Stock
5,143

 
5,143

 
5,143

 
—

 
—

Net Loans
1,521,151

 
1,530,930

 
—

 
—

 
1,530,930

Accrued Interest Receivable
6,949

 
6,949

 
6,949

 
—

 
—

Deposits
2,082,051

 
2,076,658

 
1,887,237

 
189,421

 
—

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
24,414

 
24,414

 
24,414

 
—

 
—

Federal Home Loan Bank Term Advances
55,000

 
56,630

 
—

 
56,630

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
306

 
306

 
306

 
—

 
—

 
 
 
 
 
 
 
 
 
 
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

 
—

 
—

 
 
 
 
 
 
 
 
 
 
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

 
—

 
—