XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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:
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Agency Obligations
$
153,926

 
$

 
$
153,926

 
$

 
 
State and Municipal Obligations
31,628

 

 
31,628

 

 
 
Mortgage-Backed Securities - Residential
148,087

 

 
148,087

 

 
 
Corporate and Other Debt Securities
4,299

 

 
4,299

 

 
 
Mutual Funds and Equity Securities
1,250

 

 
1,250

 

 
 
  Total Securities Available-for-Sale
$
339,190

 
$

 
$
339,190

 
$

 
 
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

 
$

 
 
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

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
2,640

 
$

 
$

 
$
2,640

 
$
(240
)
Other Real Estate Owned and Repossessed Assets, Net
1,016

 

 

 
1,016

 
(319
)
December 31, 2015

 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$

 
$

 
$

 
$

 
$

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

 

 

 
2,018

 
(687
)
September 30, 2015
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
902

 
$

 
$

 
$
902

 
$
(322
)
Other Real Estate Owned and Repossessed Assets, Net
585

 

 

 
585

 
(135
)
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
September 30, 2016
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
102,059

 
$
102,059

 
$
102,059

 
$

 
$

Securities Available-for-Sale
339,190

 
339,190

 

 
339,190

 

Securities Held-to-Maturity
338,238

 
347,441

 

 
347,441

 

Federal Home Loan Bank and Federal
  Reserve Bank Stock
5,371

 
5,371

 
5,371

 

 

Net Loans
1,690,241

 
1,696,929

 

 

 
1,696,929

Accrued Interest Receivable
7,046

 
7,046

 
7,046

 

 

Deposits
2,213,187

 
2,207,985

 
2,004,182

 
203,803

 

Federal Funds Purchased and Securities
  Sold Under Agreements to Repurchase
38,589

 
38,589

 
38,589

 

 

Federal Home Loan Bank Overnight Advances

 

 

 

 

Federal Home Loan Bank Term Advances
55,000

 
55,955

 

 
55,955

 

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 

 
20,000

 

Accrued Interest Payable
247

 
247

 
247

 

 

 
 
 
 
 
 
 
 
 
 
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

 

 

 
 
 
 
 
 
 
 
 
 
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 Overnight Advances

 

 

 

 

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