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Investment Securities
 9 Months Ended
Sep. 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 September 30, 2022, December 31, 2021 and September 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
September 30, 2022
Available-For-Sale Securities,
  at Amortized Cost		$180,000 $340 $465,485 $1,000 $646,825 
Gross Unrealized Gains— — 3 — 3 
Gross Unrealized Losses (16,035)— (55,539)(200)(71,774)
Available-For-Sale Securities,
  at Fair Value 		163,965 340 409,949 800 575,054 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		414,929 
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$5,000 $20 $817 $— $5,837 
From 1 - 5 Years175,000 — 254,104 — 429,104 
From 5 - 10 Years— 320 210,564 1,000 211,884 
Over 10 Years— — — — — 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$5,000 $20 $795 $— $5,815 
From 1 - 5 Years158,965 — 232,760 — 391,725 
From 5 - 10 Years— 320 176,394 800 177,514 
Over 10 Years— — — — — 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$71,419 $— $274,491 $— $345,910 
12 Months or Longer92,545 — 135,329 800 228,674 
Total$163,964 $— $409,820 $800 $574,584 
Number of Securities in a
  Continuous Loss Position		24 — 156 1 181 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$3,581 $— $30,521 $— $34,102 
12 Months or Longer12,454 — 25,018 200 37,672 
Total$16,035 $— $55,539 $200 $71,774 
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		$180,000 
US Agency Obligations,
  at Fair Value		163,965 
US Government Agency
  Securities, at Amortized Cost		$8,243 
US Government Agency
  Securities, at Fair Value		7,842 
Government Sponsored Entity
  Securities, at Amortized Cost		457,242 
Government Sponsored Entity
  Securities, at Fair Value		402,107 
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
September 30, 2021
Available-For-Sale Securities,
  at Amortized Cost		$110,001 $400 $373,042 $1,000 $484,443 
Gross Unrealized Gains96 — 5,225 — 5,321 
Gross Unrealized Losses(792)— (1,872)(200)(2,864)
Available-For-Sale Securities,
  at Fair Value		109,305 400 376,395 800 486,900 
Available-For-Sale Securities,
  Pledged as Collateral, at Fair
  Value		361,014 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$74,695 $— $190,532 $— $265,227 
12 Months or Longer29,513 — — 800 30,313 
Total$104,208 $— $190,532 $800 $295,540 
Number of Securities in a
  Continuous Loss Position		14 — 27 1 42 
Unrealized Losses on Securities
  in a Continuous Loss Position:
Less than 12 Months$305 $— $1,872 $— $2,177 
12 Months or Longer487 — — 200 687 
Total$792 $— $1,872 $200 $2,864 
Disaggregated Details:
US Agency Obligations,
  at Amortized Cost		$110,001 
US Agency Obligations,
  at Fair Value		109,305 
US Government Agency
  Securities, at Amortized Cost		$10,119 
US Government Agency
  Securities, at Fair Value		10,165 
Government Sponsored Entity
  Securities, at Amortized Cost		362,923 
Government Sponsored Entity
  Securities, at Fair Value		366,230 

At September 30, 2022, there was no allowance for credit losses for the AFS debt securities portfolio.

The following table is the schedule of Held-To-Maturity Securities at September 30, 2022, December 31, 2021 and September 30, 2021:
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
September 30, 2022
Held-To-Maturity Securities,
  at Amortized Cost		$169,619 $12,559 $182,178 
Gross Unrealized Gains1 — 1 
Gross Unrealized Losses(5,771)(608)(6,379)
Held-To-Maturity Securities,
  at Fair Value		163,849 11,951 175,800 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		153,364 
Held-To-Maturity Securities
State and
Municipal
Obligations		Mortgage-
Backed
Securities		Total
Held-To
Maturity
Securities
Maturities of Debt Securities,
  at Amortized Cost:
Within One Year$50,423 $— $50,423 
From 1 - 5 Years115,113 12,559 127,672 
From 5 - 10 Years4,044 — 4,044 
Over 10 Years39 — 39 
Maturities of Debt Securities,
  at Fair Value:
Within One Year$50,058 $— $50,058 
From 1 - 5 Years109,945 11,951 121,896 
From 5 - 10 Years3,807 — 3,807 
Over 10 Years39 — 39 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$141,132 $11,951 $153,083 
12 Months or Longer— — — 
Total$141,132 $11,951 $153,083 
Number of Securities in a
  Continuous Loss Position		419 16 435 
Unrealized Losses on Securities
   in a Continuous Loss Position:
Less than 12 Months$5,771 $608 $6,379 
12 Months or Longer— — — 
Total$5,771 $608 $6,379 
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$4,115 
US Government Agency
  Securities, at Fair Value		3,924 
Government Sponsored Entity
  Securities, at Amortized Cost		8,444 
Government Sponsored Entity
  Securities, at Fair Value		8,027 
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
September 30, 2021
Held-To-Maturity Securities,
  at Amortized Cost		$179,952 $18,385 $198,337 
Gross Unrealized Gains4,834 765 5,599 
Gross Unrealized Losses— — — 
Held-To-Maturity Securities,
  at Fair Value		184,786 19,150 203,936 
Held-To-Maturity Securities,
  Pledged as Collateral, at Fair Value		192,929 
Securities in a Continuous
  Loss Position, at Fair Value:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
Number of Securities in a
  Continuous Loss Position		— — — 
Unrealized Losses on
  Securities in a Continuous
  Loss Position:
Less than 12 Months$— $— $— 
12 Months or Longer— — — 
Total$— $— $— 
September 30, 2021
Disaggregated Details:
US Government Agency
  Securities, at Amortized Cost		$6,302 
US Government Agency
  Securities, at Fair Value		6,506 
Government Sponsored Entity
  Securities, at Amortized Cost		12,083 
Government Sponsored Entity
  Securities, at Fair Value		12,644 

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 AFS 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 non-credit-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 September 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 September 30, 2022 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the three months ended September 30, 2022.  
Arrow's held to maturity debt securities are comprised of U.S. government-sponsored enterprises (GSEs) or state and municipal obligations. GSE 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 performs an analysis of the credit worthiness of municipal obligations to determine if a security is of investment grade. The analysis may include but may not solely rely upon credit analysis conducted by external credit rating agencies. 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 September 30, 2022.
The following table is the schedule of Equity Securities at September 30, 2022, December 31, 2021 and September 30, 2021:
Equity Securities
September 30, 2022December 31, 2021September 30, 2021
Equity Securities, at Fair Value$2,126$1,747$1,886

The following is a summary of realized and unrealized gains recognized in net income on equity securities during the three and nine month periods ended September 30, 2022 and 2021:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
Net Gain on Equity Securities$95 $(106)$379 $250 
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$95 $(106)$379 $250