Fair Values (Tables)

6 Months Ended

Jun. 30, 2020

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		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fair Value of Assets and Liabilities Measured on a Recurring Basis:
June 30, 2020
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	5,192	$	—	$	5,192	$	—
State and Municipal Obligations	593		—		593		—
Mortgage-Backed Securities	372,193		—		372,193		—
Corporate and Other Debt Securities	800		—		800		—
Total Securities Available-for-Sale	378,778		—		378,778		—
Equity Securities	1,583		—		1,583		—
Total Securities Measured on a Recurring Basis	380,361		—		380,361		—
Derivatives, included in other assets	6,390		—		6,390		—
Total Measured on a Recurring Basis	$	386,751	$	—	$	386,751	$	—
Liabilities:
Derivatives, included in other liabilities	6,390		—		6,390		—
Total Measured on a Recurring Basis	$	6,390	$	—	$	6,390	$	—
December 31, 2019
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	5,054	$	—	$	5,054	$	—
State and Municipal Obligations	764		—		764		—
Mortgage-Backed Securities	350,716		—		350,716		—
Corporate and Other Debt Securities	800		—		800		—
Total Securities Available-for-Sale	357,334		—		357,334		—
Equity Securities	2,063		—		2,063		—

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 Securities Measured on a Recurring Basis	359,397		—		359,397		—
Derivatives, included in other liabilities	69		—		69		—
Total Measured on a Recurring Basis	$	359,466	$	—	$	359,466	$	—
Liabilities:
Derivatives, included in other liabilities	$	69	$	—	$	69	$	—
Total Measured on a Recurring Basis	$	69	$	—	$	69	$	—
June 30, 2019
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	17,524	$	—	$	17,524	$	—
State and Municipal Obligations	967		—		967		—
Mortgage-Backed Securities	266,587		—		266,587		—
Corporate and Other Debt Securities	800		—		800		—
Total Securities Available-for-Sale	285,878		—		285,878		—
Equity Securities	1,850		—		1,850		—
Total Securities Measured on a Recurring Basis	$	287,728	$	—	$	287,728	$	—

	Fair Value		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Losses Recognized in Earnings
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
June 30, 2020
Collateral Dependent Impaired Loans	$	595	$	—	$	—	$	595
Other Real Estate Owned and Repossessed Assets, Net	711		—		—		711		—
December 31, 2019
Collateral Dependent Impaired Loans	$	285	$	—	$	—	$	285
Other Real Estate Owned and Repossessed Assets, Net	1,261		—		—		1,261		(186)
June 30, 2019
Collateral Dependent Impaired Loans	$	37	$	—	$	—	$	37
Other Real Estate Owned and Repossessed Assets, Net	1,373		—		—		1,373		(164)

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 Value		Fair Value		Level 1		Level 2		Level 3
June 30, 2020
Cash and Cash Equivalents	$	253,270	$	253,270	$	253,270	$	—	$	—
Securities Available-for-Sale	378,778		378,778		—		378,778		—
Securities Held-to-Maturity	233,517		241,875		—		241,875		—
Equity Securities	1,583		1,583		—		1,583		—
Federal Home Loan Bank and Federal Reserve Bank Stock	5,574		5,574		—		5,574		—
Net Loans	2,535,615		2,529,544		—		—		2,529,544
Accrued Interest Receivable	6,421		6,421		—		6,421		—
Derivatives, included in other assets	6,390		6,390				6,390
Deposits	3,068,773		3,069,571		—		3,069,571		—
Federal Funds Purchased and Securities   Sold Under Agreements to Repurchase	47,599		47,599		—		47,599		—
Federal Home Loan Bank Term Advances	50,000		51,560		—		51,560		—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000		20,000		—		20,000		—
Accrued Interest Payable	918		918		—		918		—
Derivatives, included in other liabilities	6,390		6,390		—		6,390		—

Schedule of Fair Values by Balance Sheet Grouping
					Fair Value Hierarchy
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
December 31, 2019
Cash and Cash Equivalents	$	70,221	$	70,221	$	70,221	$	—	$	—
Securities Available-for-Sale	357,334		357,334		—		357,334		—
Securities Held-to-Maturity	245,065		249,618		—		249,618		—
Equity Securities	2,063		2,063		—		2,063
Federal Home Loan Bank and Federal Reserve Bank Stock	10,317		10,317		—		10,317		—
Net Loans	2,364,933		2,332,797		—		—		2,332,797
Accrued Interest Receivable	7,377		7,377		—		7,377		—
Derivatives, included in other assets	69		69		—		69		—
Deposits	2,616,054		2,614,170		—		2,614,170		—
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	51,099		51,099		—		51,099		—
Federal Home Loan Bank Overnight Advances	130,000		130,000		—		130,000		—
Federal Home Loan Bank Term Advances	30,000		29,993		—		29,993		—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000		20,000		—		20,000		—
Accrued Interest Payable	1,436		1,436		—		1,436		—
Derivatives, included in other liabilities	69		69		—		69		—
June 30, 2019
Cash and Cash Equivalents	$	62,695	$	62,695	$	62,695	$	—	$	—
Securities Available-for-Sale	285,878		285,878		—		285,878		—
Securities Held-to-Maturity	262,541		266,068		—		266,068		—
Equity Securities	1,850		1,850		—		1,850
Federal Home Loan Bank and Federal Reserve Bank Stock	8,202		8,202		—		8,202		—
Net Loans	2,259,613		2,218,244		—		—		2,218,244
Accrued Interest Receivable	7,491		7,491		—		7,491		—
Deposits	2,503,753		2,499,849		—		2,499,849		—
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	51,149		51,149		—		51,149		—
Federal Home Loan Bank Overnight Advances	83,000		83,000		—		83,000		—
Federal Home Loan Bank Term Advances	30,000		29,943		—		29,943		—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000		20,000		—		20,000		—
Accrued Interest Payable	1,187		1,187		—		1,187		—