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Investment Securities
 6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Investment Securities INVESTMENT SECURITIES (In Thousands)
The following table is the schedule of Available-For-Sale Securities at June 30, 2021, December 31, 2020 and June 30, 2020:
Available-For-Sale Securities
U.S. Government & Agency
Obligations		State and
Municipal
Obligations		Mortgage-
Backed
Securities		Corporate
and Other
Debt
Securities		Total
Available-
For-Sale
Securities
June 30, 2021
Available-For-Sale Securities,
  at Amortized Cost		$110,001 $400 $322,291 $1,000 $433,692 
Gross Unrealized Gains114 — 6,052 — 6,166 
Gross Unrealized Losses (950)— (840)(200)(1,990)
Available-For-Sale Securities,
  at Fair Value 		109,165 400 327,503 800 437,868 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		313,856 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$— $— $151 $— $151 
From 1 - 5 Years65,001 40 317,313 — 382,354 
From 5 - 10 Years45,000 360 4,827 1,000 51,187 
Over 10 Years— — — — — 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$— $— $159 $— $159 
From 1 - 5 Years64,280 40 322,490 — 386,810 
From 5 - 10 Years44,885 360 4,854 800 50,899 
Over 10 Years— — — — — 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$104,050 $— $94,645 $— $198,695 
12 Months or Longer— — — 800 800 
Total$104,050 $— $94,645 $800 $199,495 
Number of Securities in a
  Continuous Loss Position		14 — 13 1 28 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$950 $— $840 $— $1,790 
12 Months or Longer— — — 200 200 
Total$950 $— $840 $200 $1,990 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$110,001 
US Agency Obligations,
  at Fair Value		109,165 
US Government Agency
  Securities, at Amortized Cost		$10,949 
US Government Agency
  Securities, at Fair Value		11,040 
Government Sponsored Entity
  Securities, at Amortized Cost		311,342 
Government Sponsored Entity
  Securities, at Fair Value		316,463 
Available-For-Sale Securities
U.S. Government & Agency
Obligations		State and
Municipal
Obligations		Mortgage-
Backed
Securities		Corporate
and Other
Debt
Securities		Total
Available-
For-Sale
Securities
December 31, 2020
Available-For-Sale Securities,
  at Amortized Cost		$65,002 $528 $290,967 $1,000 $357,497 
Gross Unrealized Gains184 — 7,934 — 8,118 
Gross Unrealized Losses(74)— (54)(200)(328)
Available-For-Sale Securities,
  at Fair Value		65,112 528 298,847 800 365,287 
Available-For-Sale Securities,
  Pledged as Collateral,
  at Fair Value		244,411 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$29,926 $— $— $— $29,926 
12 Months or Longer— — 4,882 800 5,682 
Total$29,926 $— $4,882 $800 $35,608 
Number of Securities in a
  Continuous Loss Position		4 — 1 1 6 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$74 $— $— $— $74 
12 Months or Longer— — 54 200 254 
Total$74 $— $54 $200 $328 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$65,002 
US Agency Obligations,
  at Fair Value		65,112 
US Government Agency
  Securities, at Amortized Cost		$12,696 
US Government Agency
  Securities, at Fair Value		12,683 
Government Sponsored Entity
  Securities, at Amortized Cost		278,271 
Government Sponsored Entity
  Securities, at Fair Value		286,164 
Available-For-Sale Securities
U.S. Government & Agency
Obligations		State and
Municipal
Obligations		Mortgage-
Backed
Securities		Corporate
and Other
Debt
Securities		Total
Available-
For-Sale
Securities
June 30, 2020
Available-For-Sale Securities,
  at Amortized Cost		$5,002 $593 $363,339 $1,000 $369,934 
Gross Unrealized Gains190 — 9,278 — 9,468 
Gross Unrealized Losses— — (424)(200)(624)
Available-For-Sale Securities,
  at Fair Value		5,192 593 372,193 800 378,778 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		240,747 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $28,008 $— $28,008 
12 Months or Longer— — 57,482 800 58,282 
Total$— $— $85,490 $800 $86,290 
Number of Securities in a
  Continuous Loss Position		— — 27 1 28 
Unrealized Losses on Securities
  in a Continuous Loss Position:
Less than 12 Months$— $— $82 $— $82 
12 Months or Longer— — 342 200 542 
Total$— $— $424 $200 $624 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$5,002 
US Agency Obligations,
  at Fair Value		5,192 
US Government Agency
  Securities, at Amortized Cost		$73,546 
US Government Agency
  Securities, at Fair Value		73,193 
Government Sponsored Entity
  Securities, at Amortized Cost		289,793 
Government Sponsored Entity
  Securities, at Fair Value		299,000 

At June 30, 2021, there was no allowance for credit losses for the available for sale securities portfolio.
The following table is the schedule of Held-To-Maturity Securities at June 30, 2021, December 31, 2020 and June 30, 2020:
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
June 30, 2021
Held-To-Maturity Securities,
  at Amortized Cost		$183,842 $20,648 $204,490 
Gross Unrealized Gains5,544 882 6,426 
Gross Unrealized Losses— — — 
Held-To-Maturity Securities,
  at Fair Value		189,386 21,530 210,916 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		184,213 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$23,604 $1,572 $25,176 
From 1 - 5 Years141,355 19,076 160,431 
From 5 - 10 Years18,016 — 18,016 
Over 10 Years867 — 867 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$23,805 $1,610 $25,415 
From 1 - 5 Years145,844 19,920 165,764 
From 5 - 10 Years18,864 — 18,864 
Over 10 Years873 — 873 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Number of Securities in a
  Continuous Loss Position		— — — 
Unrealized Losses on Securities
   in a Continuous Loss Position:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$7,152 
US Government Agency
  Securities, at Fair Value		7,394 
Government Sponsored Entity
  Securities, at Amortized Cost		13,496 
Government Sponsored Entity
  Securities, at Fair Value		14,136 
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
December 31, 2020
Held-To-Maturity Securities,
  at Amortized Cost		$192,352 $26,053 $218,405 
Gross Unrealized Gains7,080 1,094 8,174 
Gross Unrealized Losses(3)— (3)
Held-To-Maturity Securities,
  at Fair Value		199,429 27,147 226,576 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		211,176 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$1,513 $— $1,513 
12 Months or Longer— — — 
Total$1,513 $— $1,513 
Number of Securities in a
  Continuous Loss Position		4 — 4 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$3 $— $3 
12 Months or Longer— — — 
Total$3 $— $3 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$9,440 
US Government Agency
  Securities, at Fair Value		9,762 
Government Sponsored Entity
  Securities, at Amortized Cost		16,613 
Government Sponsored Entity
  Securities, at Fair Value		17,385 
June 30, 2020
Held-To-Maturity Securities,
  at Amortized Cost		$201,592 $31,925 $233,517 
Gross Unrealized Gains7,056 1,438 8,494 
Gross Unrealized Losses(136)— (136)
Held-To-Maturity Securities,
  at Fair Value		208,512 33,363 241,875 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		227,528 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$1,433 $— $1,433 
12 Months or Longer1,358 — 1,358 
Total$2,791 $— $2,791 
Number of Securities in a
  Continuous Loss Position		8 — 8 
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$87 $— $87 
12 Months or Longer49 — 49 
Total$136 $— $136 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$11,706 
US Government Agency
  Securities, at Fair Value		12,131 
Government Sponsored Entity
  Securities, at Amortized Cost		20,219 
Government Sponsored Entity
  Securities, at Fair Value		21,232 

In the tables above, maturities of mortgage-backed securities are included based on their expected average lives. Actual maturities will differ because issuers may have the right to call or prepay obligations with or without prepayment penalties.
Securities in a continuous loss position, in the tables above for June 30, 2021, December 31, 2020 and June 30, 2020, do not reflect any deterioration of the credit worthiness of the issuing entities.
Arrow evaluates available-for-sale debt securities in unrealized loss positions at each measurement date to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized within the allowance for credit losses on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings via credit loss expense. Arrow determined that at June 30, 2021, gross unrealized losses were primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Arrow does not intend to sell, nor is it more likely than not that Arrow will be required to sell the security before recovery of its amortized cost basis, which may be at maturity. Therefore, Arrow carried no allowance for credit loss at June 30, 2021 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the three months ended June 30, 2021.  
Arrow's held to maturity debt securities are comprised of U.S. government agencies, U.S. government-sponsored enterprises or state and municipal obligations. U.S. government agencies and U.S. government-sponsored enterprise securities carry the explicit and/or implicit guarantee of the U.S. government, are widely recognized as “risk free,” and have a long history of zero credit loss. Arrow determined that the expected credit loss on its held to maturity debt portfolio was immaterial and therefore no allowance for credit loss was recorded as of June 30, 2021.

The following table is the schedule of Equity Securities at June 30, 2021, December 31, 2020 and June 30, 2020:
Equity Securities
June 30, 2021December 31, 2020June 30, 2020
Equity Securities, at Fair Value$1,992$1,636$1,583

The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the six month period ended June 30, 2021 and 2020:
Quarterly Period Ended:Year-to-Date Period Ended:
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Net Gain (Loss) on Equity Securities$196 $(106)$356 $(480)
Less: Net gain (loss) recognized during the reporting period on equity securities sold during the period— — — — 
Unrealized net gain (loss) recognized during the reporting period on equity securities still held at the reporting date$196 $(106)$356 $(480)