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Fair Values (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Government & Agency Obligations
$
46,765

 
$
—

 
$
46,765

 
$
—

 
 
State and Municipal Obligations
1,195

 
—

 
1,195

 
—

 
 
Mortgage-Backed Securities
268,775

 
—

 
268,775

 
—

 
 
Corporate and Other Debt Securities
800

 
—

 
800

 
—

 
 
  Total Securities Available-for-Sale
317,535

 
$
—

 
$
317,535

 
$
—

 


Equity Securities
1,774

 
 
 
1,774

 
 
 
 
Total Securities Measured on a Recurring Basis
$
319,309

 
 
 
319,309

 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
Securities Available-for Sale:
 
 
 
 
 
 
 
 
 
U.S. Government & Agency Obligations
$
59,894

 
$
—

 
$
59,894

 
$
—

 
 
State and Municipal Obligations
10,349

 
—

 
10,349

 
—

 
 
Mortgage-Backed Securities
227,596

 
—

 
227,596

 
—

 
 
Corporate and Other Debt Securities
800

 
—

 
800

 
—

 
 
Equity Securities
1,561

 
—

 
1,561

 
—

 
 
Total Securities Available-for Sale
$
300,200

 
$
—

 
$
300,200

 
$
—

 


 
 
 
 
 
 
 
 
 
 
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Other Real Estate Owned and Repossessed Assets, Net
$
1,260

 
$
—

 
$
—

 
$
1,260

 
$
(669
)
December 31, 2017
 
 
 
 
 
 
 
 
 
Collateral Dependent Impaired Loans
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Other Real Estate Owned and Repossessed Assets, Net
$
1,847

 
$
—

 
$
—

 
$
1,847

 
$
(569
)
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 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
December 31, 2018
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
84,239

 
$
84,239

 
$
84,239

 
$
—

 
$
—

Securities Available-for-Sale
317,535

 
317,535

 
—

 
317,535

 
—

Securities Held-to-Maturity
283,476

 
280,338

 
—

 
280,338

 
—

Equity Securities
1,774

 
1,774

 
 
 
1,774

 
 
FHLBNY and Federal Reserve Bank Stock
15,506

 
15,506

 
—

 
15,506

 
—

Net Loans
2,176,019

 
2,114,372

 
—

 
—

 
2,114,372

Accrued Interest Receivable
7,035

 
7,035

 
—

 
7,035

 
—

Deposits
2,345,584

 
2,338,410

 
—

 
2,338,410

 
—

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
54,659

 
54,659

 
—

 
54,659

 
—

FHLBNY Overnight Advances
234,000

 
234,000

 
—

 
234,000

 
—

Federal Home Loan Bank Term Advances
45,000

 
44,652

 
—

 
44,652

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
570

 
570

 
—

 
570

 
—

 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
$
72,838

 
$
72,838

 
$
72,838

 
$
—

 
$
—

Securities Available-for-Sale
300,200

 
300,200

 
—

 
300,200

 
—

Securities Held-to-Maturity
335,907

 
335,901

 
—

 
335,901

 
—

Federal Home Loan Bank and Federal Reserve Bank Stock
9,949

 
9,949

 
—

 
9,949

 
—

Net Loans
1,932,184

 
1,901,046

 
—

 
—

 
1,901,046

Accrued Interest Receivable
6,753

 
6,753

 
—

 
6,753

 
—

Deposits
2,245,116

 
2,236,548

 
—

 
2,236,548

 
—

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
64,966

 
64,966

 
—

 
64,966

 
—

Federal Home Loan Bank Overnight Advances
105,000

 
105,000

 
—

 
105,000

 
—

Federal Home Loan Bank Term Advances
55,000

 
54,781

 
—

 
54,781

 
—

Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000

 
20,000

 
—

 
20,000

 
—

Accrued Interest Payable
410

 
410

 
—

 
410

 
—