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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 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, 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

 
—

 
—