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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 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
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

 
—

 
—