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Investment Securities
 3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Investment Securities INVESTMENT SECURITIES (In Thousands)
The following table is the schedule of Available-For-Sale Securities at March 31, 2022, December 31, 2021 and March 31, 2021:
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
March 31, 2022
Available-For-Sale Securities,
  at Amortized Cost		$140,000 $380 $471,829 $1,000 $613,209 
Gross Unrealized Gains21 — 211 — 232 
Gross Unrealized Losses (7,277)— (23,536)(200)(31,013)
Available-For-Sale Securities,
  at Fair Value 		132,744 380 448,504 800 582,428 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		397,138 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$5,000 $20 $86 $— $5,106 
From 1 - 5 Years135,000 — 249,495 — 384,495 
From 5 - 10 Years— 360 222,248 1,000 223,608 
Over 10 Years— — — — — 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$5,021 $20 $88 $— $5,129 
From 1 - 5 Years127,723 — 241,614 — 369,337 
From 5 - 10 Years— 360 206,802 800 207,962 
Over 10 Years— — — — — 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$43,518 $— $358,688 $— $402,206 
12 Months or Longer84,205 — 74,546 800 159,551 
Total$127,723 $— $433,234 $800 $561,757 
Number of Securities in a
  Continuous Loss Position		18 — 129 1 148 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$1,482 $— $16,949 $— $18,431 
12 Months or Longer5,795 — 6,587 200 12,582 
Total$7,277 $— $23,536 $200 $31,013 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$140,000 
US Agency Obligations,
  at Fair Value		132,744 
US Government Agency
  Securities, at Amortized Cost		$8,853 
US Government Agency
  Securities, at Fair Value		8,667 
Government Sponsored Entity
  Securities, at Amortized Cost		462,976 
Government Sponsored Entity
  Securities, at Fair Value		439,837 
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, 2021
Available-For-Sale Securities,
  at Amortized Cost		$110,000 $400 $448,742 $1,000 $560,142 
Gross Unrealized Gains63 — 3,617 — 3,680 
Gross Unrealized Losses(1,698)— (2,608)(200)(4,506)
Available-For-Sale Securities,
  at Fair Value		108,365 400 449,751 800 559,316 
Available-For-Sale Securities,
  Pledged as Collateral,
  at Fair Value		298,106 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$74,088 $— $263,292 $— $337,380 
12 Months or Longer29,214 — — 800 30,014 
Total$103,302 $— $263,292 $800 $367,394 
Number of Securities in a
  Continuous Loss Position		14 — 39 1 54 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$912 $— $2,608 $— $3,520 
12 Months or Longer786 — — 200 986 
Total$1,698 $— $2,608 $200 $4,506 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$110,000 
US Agency Obligations,
  at Fair Value		108,365 
US Government Agency
  Securities, at Amortized Cost		$9,386 
US Government Agency
  Securities, at Fair Value		9,371 
Government Sponsored Entity
  Securities, at Amortized Cost		439,356 
Government Sponsored Entity
  Securities, at Fair Value		440,380 
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
March 31, 2021
Available-For-Sale Securities,
  at Amortized Cost		$110,001 $508 $349,911 $1,000 $461,420 
Gross Unrealized Gains138 — 6,276 — 6,414 
Gross Unrealized Losses(1,769)— (1,776)(200)(3,745)
Available-For-Sale Securities,
  at Fair Value		108,370 508 354,411 800 464,089 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		352,214 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$103,231 $— $120,780 $— $224,011 
12 Months or Longer— — — 800 800 
Total$103,231 $— $120,780 $800 $224,811 
Number of Securities in a
  Continuous Loss Position		14 — 16 1 31 
Unrealized Losses on Securities
  in a Continuous Loss Position:
Less than 12 Months$1,769 $— $1,776 $— $3,545 
12 Months or Longer— — — 200 200 
Total$1,769 $— $1,776 $200 $3,745 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$110,001 
US Agency Obligations,
  at Fair Value		108,370 
US Government Agency
  Securities, at Amortized Cost		$11,582 
US Government Agency
  Securities, at Fair Value		11,658 
Government Sponsored Entity
  Securities, at Amortized Cost		338,329 
Government Sponsored Entity
  Securities, at Fair Value		342,753 

At March 31, 2022, there was no allowance for credit losses for the AFS securities portfolio.
The following table is the schedule of Held-To-Maturity Securities at March 31, 2022, December 31, 2021 and March 31, 2021:
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
March 31, 2022
Held-To-Maturity Securities,
  at Amortized Cost		$181,832 $14,829 $196,661 
Gross Unrealized Gains180 — 180 
Gross Unrealized Losses(832)(147)(979)
Held-To-Maturity Securities,
  at Fair Value		181,180 14,682 195,862 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		176,635 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$69,318 $221 $69,539 
From 1 - 5 Years109,607 14,608 124,215 
From 5 - 10 Years2,866 — 2,866 
Over 10 Years41 — 41 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$69,315 $221 $69,536 
From 1 - 5 Years108,946 14,461 123,407 
From 5 - 10 Years2,878 — 2,878 
Over 10 Years41 — 41 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$96,088 $14,465 $110,553 
12 Months or Longer— — — 
Total$96,088 $14,465 $110,553 
Number of Securities in a
  Continuous Loss Position		258 23 281 
Unrealized Losses on Securities
   in a Continuous Loss Position:
Less than 12 Months$832 $147 $979 
12 Months or Longer— — — 
Total$832 $147 $979 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$4,954 
US Government Agency
  Securities, at Fair Value		4,900 
Government Sponsored Entity
  Securities, at Amortized Cost		9,875 
Government Sponsored Entity
  Securities, at Fair Value		9,782 
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
December 31, 2021
Held-To-Maturity Securities,
  at Amortized Cost		$180,195 $16,371 $196,566 
Gross Unrealized Gains4,179 547 4,726 
Gross Unrealized Losses— — — 
Held-To-Maturity Securities,
  at Fair Value		184,374 16,918 201,292 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		175,218 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Number of Securities in a
  Continuous Loss Position		— — — 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$5,518 
US Government Agency
  Securities, at Fair Value		5,647 
Government Sponsored Entity
  Securities, at Amortized Cost		10,853 
Government Sponsored Entity
  Securities, at Fair Value		11,271 
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
March 31, 2021
Held-To-Maturity Securities,
  at Amortized Cost		$191,202 $23,359 $214,561 
Gross Unrealized Gains5,843 956 6,799 
Gross Unrealized Losses— — — 
Held-To-Maturity Securities,
  at Fair Value		197,045 24,315 221,360 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		207,595 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Number of Securities in a
  Continuous Loss Position		— — — 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$8,310 
US Government Agency
  Securities, at Fair Value		8,597 
Government Sponsored Entity
  Securities, at Amortized Cost		15,049 
Government Sponsored Entity
  Securities, at Fair Value		15,718 

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.
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 March 31, 2022, 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 March 31, 2022 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the three months ended March 31, 2022.  
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 March 31, 2022.
The following table is the schedule of Equity Securities at March 31, 2022, December 31, 2021 and March 31, 2021:
Equity Securities
March 31, 2022December 31, 2021March 31, 2021
Equity Securities, at Fair Value$1,877$1,747$1,796

The following is a summary of realized and unrealized gains recognized in net income on equity securities during the three month periods ended March 31, 2022 and 2021:
For the Three Months Ended March 31,
20222021
Net Gain on Equity Securities$130 $160 
Less: Net gain recognized during the reporting period on equity securities sold during the period— — 
Unrealized net gain recognized during the reporting period on equity securities still held at the reporting date$130 $160