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Investment Securities
 6 Months Ended
Jun. 30, 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 June 30, 2022, December 31, 2021 and June 30, 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
June 30, 2022
Available-For-Sale Securities,
  at Amortized Cost		$165,000 $340 $460,227 $1,000 $626,567 
Gross Unrealized Gains— — 43 — 43 
Gross Unrealized Losses (9,525)— (34,144)(200)(43,869)
Available-For-Sale Securities,
  at Fair Value 		155,475 340 426,126 800 582,741 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		329,371 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$5,000 $20 $69 $— $5,089 
From 1 - 5 Years160,000 — 243,992 — 403,992 
From 5 - 10 Years— 320 216,166 1,000 217,486 
Over 10 Years— — — — — 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$4,998 $20 $69 $— $5,087 
From 1 - 5 Years150,477 — 233,361 — 383,838 
From 5 - 10 Years— 320 192,696 800 193,816 
Over 10 Years— — — — — 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$72,817 $— $350,994 $— $423,811 
12 Months or Longer82,657 — 68,992 800 152,449 
Total$155,474 $— $419,986 $800 $576,260 
Number of Securities in a
  Continuous Loss Position		22 — 137 1 160 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$2,183 $— $24,539 $— $26,722 
12 Months or Longer7,342 — 9,605 200 17,147 
Total$9,525 $— $34,144 $200 $43,869 
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
Disaggregated Details:
US Treasury Obligations,
  at Amortized Cost		$— 
US Treasury Obligations,
  at Fair Value		— 
US Agency Obligations,
  at Amortized Cost		$165,000 
US Agency Obligations,
  at Fair Value		155,475 
US Government Agency
  Securities, at Amortized Cost		$8,533 
US Government Agency
  Securities, at Fair Value		8,292 
Government Sponsored Entity
  Securities, at Amortized Cost		451,694 
Government Sponsored Entity
  Securities, at Fair Value		417,834 
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 
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
Disaggregated Details:
US Treasury Obligations,
  at Amortized Cost		$— 
US Treasury Obligations,
  at Fair Value		— 
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 
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 
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 Treasury Obligations,
  at Amortized Cost		$— 
US Treasury Obligations,
  at Fair Value		— 
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 
At June 30, 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 June 30, 2022, December 31, 2021 and June 30, 2021:
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
June 30, 2022
Held-To-Maturity Securities,
  at Amortized Cost		$168,599 $13,497 $182,096 
Gross Unrealized Gains56 — 56 
Gross Unrealized Losses(1,449)(192)(1,641)
Held-To-Maturity Securities,
  at Fair Value		167,206 13,305 180,511 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		153,020 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$46,554 $43 $46,597 
From 1 - 5 Years116,681 13,454 130,135 
From 5 - 10 Years5,320 — 5,320 
Over 10 Years44 — 44 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$46,520 $43 $46,563 
From 1 - 5 Years115,399 13,262 128,661 
From 5 - 10 Years5,243 — 5,243 
Over 10 Years44 — 44 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$116,075 $13,305 $129,380 
12 Months or Longer— — — 
Total$116,075 $13,305 $129,380 
Number of Securities in a
  Continuous Loss Position		327 17 344 
Unrealized Losses on Securities
   in a Continuous Loss Position:
Less than 12 Months$1,449 $192 $1,641 
12 Months or Longer— — — 
Total$1,449 $192 $1,641 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$4,401 
US Government Agency
  Securities, at Fair Value		4,328 
Government Sponsored Entity
  Securities, at Amortized Cost		9,096 
Government Sponsored Entity
  Securities, at Fair Value		8,977 
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
June 30, 2021
Held-To-Maturity Securities,
  at Amortized Cost		$183,842 $20,648 $204,490 
Gross Unrealized Gains5,544 882 6,426 
Gross Unrealized Losses— — — 
Held-To-Maturity Securities,
  at Fair Value		189,386 21,530 210,916 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		184,213 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Number of Securities in a
  Continuous Loss Position		— — — 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
June 30, 2021
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 

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 June 30, 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 June 30, 2022 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the three months ended June 30, 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 June 30, 2022.
The following table is the schedule of Equity Securities at June 30, 2022, December 31, 2021 and June 30, 2021:
Equity Securities
June 30, 2022December 31, 2021June 30, 2021
Equity Securities, at Fair Value$2,031$1,747$1,992

The following is a summary of realized and unrealized gains recognized in net income on equity securities during the three and six month periods ended June 30, 2022 and 2021:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2022202120222021
Net Gain on Equity Securities$155 $196 $284 $356 
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$155 $196 $284 $356