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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