Cash and Cash Equivalents (Tables)

3 Months Ended

Mar. 31, 2021

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table is the schedule of Cash and Cash Equivalents at March 31, 2021, December 31, 2020 and March 31, 2020.
		March 31, 2021		December 31, 2020		March 31, 2020
Cash and Due From Banks		$	45,602	$	42,116	$	32,525
Interest-Bearing Deposits at Banks		406,605		338,875		106,004
Total Cash and Cash Equivalents		$	452,207	380,991		138,529
Supplemental Information:
Total required reserves, including vault cash and Federal Reserve Bank deposits 1		$	—	$	—	$	—
Restricted cash pledged as collateral related to swap agreements and included in Cash and Due From Banks		$	—	$	500	$	—
1.	Until March 2020, Arrow was required to maintain reserve balances with the Federal Reserve Bank of New York. In March 2020, the Federal Reserve Board reduced reserve requirement ratios to zero percent to free up liquidity in the banking industry to support lending to households and businesses.

Restrictions on Cash and Cash Equivalents

The following table is the schedule of Cash and Cash Equivalents at March 31, 2021, December 31, 2020 and March 31, 2020.
		March 31, 2021		December 31, 2020		March 31, 2020
Cash and Due From Banks		$	45,602	$	42,116	$	32,525
Interest-Bearing Deposits at Banks		406,605		338,875		106,004
Total Cash and Cash Equivalents		$	452,207	380,991		138,529
Supplemental Information:
Total required reserves, including vault cash and Federal Reserve Bank deposits 1		$	—	$	—	$	—
Restricted cash pledged as collateral related to swap agreements and included in Cash and Due From Banks		$	—	$	500	$	—
1.	Until March 2020, Arrow was required to maintain reserve balances with the Federal Reserve Bank of New York. In March 2020, the Federal Reserve Board reduced reserve requirement ratios to zero percent to free up liquidity in the banking industry to support lending to households and businesses.