Parent Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Financial Statements

Condensed financial information for Arrow Financial Corporation is as follows:

BALANCE SHEETS	December 31,
ASSETS	2021		2020
Interest-Bearing Deposits with Subsidiary Banks	$	232	$	—
Equity Securities	1,747		1,636
Investment in Subsidiaries at Equity	377,163		341,958
Other Assets	13,061		13,294
Total Assets	$	392,203	$	356,888
LIABILITIES
Junior Subordinated Obligations Issued to     Unconsolidated Subsidiary Trusts	$	20,000	$	20,000
Other Liabilities	1,017		2,496
Total Liabilities	21,017		22,496
STOCKHOLDERS’ EQUITY
Total Stockholders’ Equity	371,186		334,392
Total Liabilities and Stockholders’ Equity	$	392,203	$	356,888

STATEMENTS OF INCOME	Years Ended December 31,
Income:	2021		2020		2019
Dividends from Bank Subsidiaries	$	15,994	$	17,199	$	14,100
Interest and Dividends on Investments	49		49		49
Other Income (Including Management Fees)	664		246		1,006
Total Income	16,707		17,494		15,155
Expense:
Interest Expense	686		746		1,024
Other Expense	879		878		875
Total Expense	1,565		1,624		1,899
Income Before Income Tax Benefit and Equity
in Undistributed Net Income of Subsidiaries	15,142		15,870		13,256
Income Tax Benefit	312		431		466
Equity in Undistributed Net Income of Subsidiaries	34,403		24,526		23,753
Net Income	$	49,857	$	40,827	$	37,475

The Statement of Changes in Stockholders’ Equity is not reported because it is identical to the Consolidated Statement of Changes in Stockholders’ Equity.

STATEMENTS OF CASH FLOWS	Years Ended December 31,
	2021		2020		2019
Cash Flows from Operating Activities:
Net Income	$	49,857	$	40,827	$	37,475
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Undistributed Net Income of Subsidiaries	(34,403)		(24,526)		(23,753)
Shares Issued Under the Directors’ Stock Plan	376		125		258
Changes in Other Assets and Other Liabilities	(462)		(3,606)		(1,236)
Net Cash Provided by Operating Activities	15,368		12,820		12,744
Cash Flows from Financing Activities:
Stock Options Exercised	1,505		748		1,792
Shares Issued Under the Employee Stock Purchase Plan	481		513		493
Shares Issued for Dividend Reinvestment Plans	1,836		1,808		1,777
Purchase of Treasury Stock	(2,662)		(1,578)		(2,469)
Cash Dividends Paid	(16,296)		(15,740)		(15,206)
Net Cash Used in Financing Activities	(15,136)		(14,249)		(13,613)
Net Increase (Decrease) in Cash and Cash Equivalents	232		(1,429)		(869)
Cash and Cash Equivalents at Beginning of the Year	—		1,429		2,298
Cash and Cash Equivalents at End of the Year	$	232	$	—	$	1,429
Supplemental Disclosures to Statements of   Cash Flow Information:
Interest Paid	$	686	$	746	$	1,024