Parent Only Financial Information

12 Months Ended

Dec. 31, 2015

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	2015		2014
Interest-Bearing Deposits with Subsidiary Banks	$	3,441	$	3,013
Available-for-Sale Securities	1,232		1,254
Held-to-Maturity Securities	1,000		1,000
Investment in Subsidiaries at Equity	225,934		214,813
Other Assets	7,390		6,538
Total Assets	$	238,997	$	226,618
LIABILITIES
Junior Subordinated Obligations Issued to     Unconsolidated Subsidiary Trusts	$	20,000	$	20,000
Other Liabilities	5,026		5,692
Total Liabilities	25,026		25,692
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	213,971		200,926
Total Liabilities and Stockholders’ Equity	$	238,997	$	226,618

STATEMENTS OF INCOME	Years Ended December 31,
Income:	2015		2014		2013
Dividends from Bank Subsidiaries	$	13,400	$	13,300	$	12,900
Interest and Dividends on Investments	118		116		116
Other Income (Including Management Fees)	847		578		549
Total Income	14,365		13,994		13,565
Expense:
Interest Expense	619		620		640
Salaries and Employee Benefits	80		77		59
Other Expense	885		754		860
Total Expense	1,584		1,451		1,559
Income Before Income Tax Benefit and Equity
in Undistributed Net Income of Subsidiaries	12,781		12,543		12,006
Income Tax Benefit	372		473		634
Equity in Undistributed Net Income of Subsidiaries	11,509		10,344		9,155
Net Income	$	24,662	$	23,360	$	21,795

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,
	2015			2014			2013
Cash Flows from Operating Activities:
Net Income	$	24,662		$	23,360		$	21,795
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Undistributed Net Income of Subsidiaries	(11,509		)	(10,344		)	(9,155		)
Shares Issued Under the Directors’ Stock Plan	227			197			198
Stock-Based Compensation Expense	308			360			372
Changes in Other Assets and Other Liabilities	(1,419		)	(1,014		)	(990		)
Net Cash Provided by Operating Activities	12,269			12,559			12,220
Cash Flows from Investing Activities:
Proceeds from the Sale of Securities Available-for-Sale	47			45			45
Purchases of Securities Available-for-Sale	(47		)	(45		)	(45		)
Net Cash (Used in) Provided by Investing Activities	—			—			—
Cash Flows from Financing Activities:
Stock Options Exercised	918			1,454			1,254
Shares Issued Under the Employee Stock Purchase Plan	494			488			477
Shares Issued for Dividend Reinvestment Plans	886			—			1,280
Tax Benefit for Exercises of Stock Options	59			25			23
Purchase of Treasury Stock	(1,498		)	(2,455		)	(1,709		)
Cash Dividends Paid	(12,700		)	(12,407		)	(12,109		)
Net Cash Used in Financing Activities	(11,841		)	(12,895		)	(10,784		)
Net (Decrease) Increase in Cash and Cash Equivalents	428			(336		)	1,436
Cash and Cash Equivalents at Beginning of the Year	3,013			3,349			1,913
Cash and Cash Equivalents at End of the Year	$	3,441		$	3,013		$	3,349
Supplemental Disclosures to Statements of   Cash Flow Information:
Interest Paid	$	619		$	620		$	640
Non-cash Investing and Financing Activities:
Shares Issued for Acquisition of Subsidiary	—			91			233