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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
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:
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
157,990

 
$

 
$
157,990

 
$

 
 
State and Municipal Obligations
36,425

 

 
36,425

 

 
 
Mortgage-Backed Securities - Residential
161,728

 

 
161,728

 

 
 
Corporate and Other Debt Securities
5,555

 

 
5,555

 

 
 
Mutual Funds and Equity Securities
1,231

 

 
1,231

 

 
 
  Total Securities Available-for-Sale
$
362,929

 
$

 
$
362,929

 
$

 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
155,782

 
$

 
$
155,782

 
$

 
 
State and Municipal Obligations
52,408

 

 
52,408

 

 
 
Mortgage-Backed Securities - Residential
178,588

 

 
178,588

 

 
 
Corporate and Other Debt Securities
14,299

 

 
14,299

 

 
 
Mutual Funds and Equity Securities
1,232

 

 
1,232

 

 
 
Total Securities Available-for Sale
$
402,309

 
$

 
$
402,309

 
$

 
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
156,937

 
$

 
$
156,937

 
$

 
 
State and Municipal Obligations
59,303

 

 
59,303

 

 
 
Mortgage-Backed Securities - Residential
157,641

 

 
157,641

 

 
 
Corporate and Other Debt Securities
16,691

 

 
16,691

 

 
 
Mutual Funds and Equity Securities
1,245

 

 
1,245

 

 
 
Total Securities Available-for Sale
$
391,817

 
$

 
$
391,817

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
1,692

 
$

 
$

 
$
1,692

 
$
(250
)
Other Real Estate Owned and Repossessed Assets, Net
933

 

 

 
933

 
(732
)
December 31, 2015

 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$

 
$

 
$

 
$

 


Other Real Estate Owned and Repossessed Assets, Net
2,018

 

 

 
2,018

 
(687
)
June 30, 2015
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
308

 
$

 
$

 
$
308

 
$
(78
)
Other Real Estate Owned and Repossessed Assets, Net
594

 

 

 
594

 
(144
)
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
June 30, 2016
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
63,115

 
$
63,115

 
$
63,115

 
$

 
$

Securities Available-for-Sale
362,929

 
362,929

 

 
362,929

 

Securities Held-to-Maturity
343,814

 
354,778

 

 
354,778

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
9,961

 
9,961

 
9,961

 

 

Net Loans
1,655,692

 
1,664,713

 

 

 
1,664,713

Accrued Interest Receivable
6,383

 
6,383

 
6,383

 

 

Deposits
2,072,385

 
2,067,328

 
1,869,865

 
197,463

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
41,497

 
41,497

 
41,497

 

 

Federal Home Loan Bank Overnight Advances
102,000

 
102,000

 
102,000

 

 

Federal Home Loan Bank Term Advances
55,000

 
56,145

 

 
56,145

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
231

 
231

 
231

 

 

 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
51,068

 
$
51,068

 
$
51,068

 
$

 
$

Securities Available-for-Sale
402,309

 
402,309

 

 
402,309

 

Securities Held-to-Maturity
320,611

 
325,930

 

 
325,930

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
8,839

 
8,839

 
8,839

 

 

Net Loans
1,557,914

 
1,557,511

 

 

 
1,557,511

Accrued Interest Receivable
6,360

 
6,360

 
6,360

 

 

Deposits
2,030,423

 
2,024,224

 
1,840,606

 
183,618

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
23,173

 
19,421

 
19,421

 

 

Federal Home Loan Bank Overnight Advances
82,000

 
82,000

 
82,000

 

 

Federal Home Loan Bank Term Advances
55,000

 
55,063

 

 
55,063

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
231

 
231

 
231

 

 

 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
45,137

 
$
45,137

 
$
45,137

 
$

 
$

Securities Available-for-Sale
391,817

 
391,817

 

 
391,817

 

Securities Held-to-Maturity
324,116

 
328,361

 

 
328,361

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
6,470

 
6,470

 
6,470

 

 

Net Loans
1,464,096

 
1,469,427

 

 

 
1,469,427

Accrued Interest Receivable
6,007

 
6,007

 
6,007

 

 

Deposits
1,972,484

 
1,966,671

 
1,777,645

 
189,026

 

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

 
15,895

 
15,895

 

 

Federal Home Loan Bank Overnight Advances
29,500

 
29,500

 
29,500

 

 

Federal Home Loan Bank Term Advances
55,000

 
55,400

 

 
55,400

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
289

 
289

 
289