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Fair Values (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
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 of Assets and Liabilities Measured on a Recurring Basis:
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)
December 31, 2016
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Government & Agency Obligations
$
147,377

 
$
54,706

 
$
92,671

 
$

 
 
State and Municipal Obligations
27,690

 

 
27,690

 

 
 
Mortgage-Backed Securities - Residential
167,239

 

 
167,239

 

 
 
Corporate and Other Debt Securities
3,308

 

 
3,308

 

 
 
Mutual Funds and Equity Securities
1,382

 

 
1,382

 

 
 
  Total Securities Available-for-Sale
$
346,996

 
$
54,706

 
$
292,290

 
$

 


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

 
$

 


 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$

 
$

 
$

 
$

 
$

Other Real Estate Owned and Repossessed Assets, Net
$
1,686

 
$

 
$

 
$
1,686

 
$
587

December 31, 2015
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$

 
$

 
$

 
$

 
$

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

 
$

 
$

 
$
2,018

 
$
(687
)
Fair Value, by Balance Sheet Grouping
Fair Value by Balance Sheet Grouping

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
December 31, 2016
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
57,355

 
$
57,355

 
$
57,355

 
$

 
$

Securities Available-for-Sale
346,996

 
346,996

 
54,706

 
292,290

 

Securities Held-to-Maturity
345,427

 
343,751

 

 
343,751

 

Federal Home Loan Bank and Federal Reserve Bank Stock
10,912

 
10,912

 
10,912

 

 

Net Loans
1,736,256

 
1,720,078

 

 

 
1,720,078

Accrued Interest Receivable
6,684

 
6,684

 
6,684

 

 

Deposits
2,116,546

 
2,109,557

 
1,917,233

 
192,324

 

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
35,836

 
35,836

 
35,836

 

 

Federal Home Loan Bank Overnight Advances
123,000

 
123,000

 
123,000

 

 

Federal Home Loan Bank Term Advances
55,000

 
55,118

 

 
55,118

 

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