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Leases
 12 Months Ended
Dec. 31, 2023
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]  
Leases LEASES (Dollars In Thousands)
Arrow is a lessee in its leases, which are mainly for financial services locations in addition to leases for corporate vehicles. These leases generally require the Company to pay third-party expenses on behalf of the Lessor, which are referred to as variable payments. Under some leases, the Company pays the variable payments to the lessor, and in other leases, the Company pays the variable payments directly to the applicable third party. None of the Company's current leases include any residual value guarantees or any subleases, and there are no significant rights or obligations of the Company for leases that have not commenced as of the reporting date.
Arrow leases two of its branch offices, at market rates, from Stewart’s Shops Corp.  Mr. Gary C. Dake, President of Stewart’s Shops Corp., serves as a director on the board of directors of each of Arrow and the two subsidiary banks. Additional information regarding this relationship can be found in Part III, Item 13 under the caption "Related Party Transactions."

The following includes quantitative data related to the Company's leases as of and for the twelve months ended December 31, 2023 and December 31, 2022:

Twelve Months Ended
Finance Lease Amounts:ClassificationDecember 31, 2023December 31, 2022
Right-of-Use AssetsPremises and Equipment, Net$4,460 $4,637 
Lease LiabilitiesFinance Leases5,066 5,119 
Operating Lease Amounts:
Right-of-Use AssetsOther Assets$4,948 $5,627 
Lease LiabilitiesOther Liabilities5,152 5,822 
Other Information:
Cash Paid For Amounts Included In The Measurement Of Lease Liabilities:
Operating Outgoing Cash Flows From Finance Leases191193 
Operating Outgoing Cash Flows From Operating Leases817 1,301 
Financing Outgoing Cash Flows From Finance Leases53 50 
Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities— — 
Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities146 — 
Weighted-average Remaining Lease Term - Finance Leases (Yrs.)26.2827.24
Weighted-average Remaining Lease Term - Operating Leases (Yrs.)11.1511.14
Weighted-average Discount Rate—Finance Leases3.75 %3.75 %
Weighted-average Discount Rate—Operating Leases3.08 %2.92 %

Lease cost information for the Company's leases is as follows:
Three Months EndedTwelve Months Ended
December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Lease Cost:
Finance Lease Cost:
   Reduction in the Carrying Amount of Right-of-Use Assets$44 $44 $176 $177 
   Interest on Lease Liabilities48 48 191 193 
Operating Lease Cost195 304 981 1,229 
Short-term Lease Cost15 15 61 47 
Variable Lease Cost52 81 231 334 
Total Lease Cost$354 $492 $1,640 $1,980 
Future Lease Payments at December 31, 2023 are as follows:
Operating
Leases
Finance
Leases
Twelve Months Ended:
12/31/2024$731 $249 
12/31/2025684 263 
12/31/2026620 268 
12/31/2027569 268 
12/31/2028487 268 
Thereafter3,089 6,996 
Total Undiscounted Cash Flows6,180 8,312 
Less: Net Present Value Adjustment1,028 3,244 
   Lease Liability$5,152 $5,066 
Leases LEASES (Dollars In Thousands)
Arrow is a lessee in its leases, which are mainly for financial services locations in addition to leases for corporate vehicles. These leases generally require the Company to pay third-party expenses on behalf of the Lessor, which are referred to as variable payments. Under some leases, the Company pays the variable payments to the lessor, and in other leases, the Company pays the variable payments directly to the applicable third party. None of the Company's current leases include any residual value guarantees or any subleases, and there are no significant rights or obligations of the Company for leases that have not commenced as of the reporting date.
Arrow leases two of its branch offices, at market rates, from Stewart’s Shops Corp.  Mr. Gary C. Dake, President of Stewart’s Shops Corp., serves as a director on the board of directors of each of Arrow and the two subsidiary banks. Additional information regarding this relationship can be found in Part III, Item 13 under the caption "Related Party Transactions."

The following includes quantitative data related to the Company's leases as of and for the twelve months ended December 31, 2023 and December 31, 2022:

Twelve Months Ended
Finance Lease Amounts:ClassificationDecember 31, 2023December 31, 2022
Right-of-Use AssetsPremises and Equipment, Net$4,460 $4,637 
Lease LiabilitiesFinance Leases5,066 5,119 
Operating Lease Amounts:
Right-of-Use AssetsOther Assets$4,948 $5,627 
Lease LiabilitiesOther Liabilities5,152 5,822 
Other Information:
Cash Paid For Amounts Included In The Measurement Of Lease Liabilities:
Operating Outgoing Cash Flows From Finance Leases191193 
Operating Outgoing Cash Flows From Operating Leases817 1,301 
Financing Outgoing Cash Flows From Finance Leases53 50 
Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities— — 
Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities146 — 
Weighted-average Remaining Lease Term - Finance Leases (Yrs.)26.2827.24
Weighted-average Remaining Lease Term - Operating Leases (Yrs.)11.1511.14
Weighted-average Discount Rate—Finance Leases3.75 %3.75 %
Weighted-average Discount Rate—Operating Leases3.08 %2.92 %

Lease cost information for the Company's leases is as follows:
Three Months EndedTwelve Months Ended
December 31, 2023December 31, 2022December 31, 2023December 31, 2022
Lease Cost:
Finance Lease Cost:
   Reduction in the Carrying Amount of Right-of-Use Assets$44 $44 $176 $177 
   Interest on Lease Liabilities48 48 191 193 
Operating Lease Cost195 304 981 1,229 
Short-term Lease Cost15 15 61 47 
Variable Lease Cost52 81 231 334 
Total Lease Cost$354 $492 $1,640 $1,980 
Future Lease Payments at December 31, 2023 are as follows:
Operating
Leases
Finance
Leases
Twelve Months Ended:
12/31/2024$731 $249 
12/31/2025684 263 
12/31/2026620 268 
12/31/2027569 268 
12/31/2028487 268 
Thereafter3,089 6,996 
Total Undiscounted Cash Flows6,180 8,312 
Less: Net Present Value Adjustment1,028 3,244 
   Lease Liability$5,152 $5,066