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Loans (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Past Due Financing Receivables
The following two tables present loan balances outstanding as of September 30, 2024, December 31, 2023 and September 30, 2023 and an analysis of the recorded investment in loans that are past due at these dates. Generally, Arrow considers a loan past due 30 or more days when the borrower is two payments past due. Loans held-for-sale of $203, $165 and $165 as of September 30, 2024, December 31, 2023 and September 30, 2023, respectively, are included in the residential real estate balances for current loans.

Schedule of Past Due Loans by Loan Category
Commercial
CommercialReal EstateConsumerResidentialTotal
September 30, 2024
Loans Past Due 30-59 Days$577 $— $12,413 $382 $13,372 
Loans Past Due 60-89 Days160 323 4,716 1,688 6,887 
Loans Past Due 90 or more Days16 15,120 1,669 3,839 20,644 
Total Loans Past Due753 15,443 18,798 5,909 40,903 
Current Loans169,131 740,977 1,101,443 1,287,483 3,299,034 
Total Loans$169,884 $756,420 $1,120,241 $1,293,392 $3,339,937 
December 31, 2023
Loans Past Due 30-59 Days$298 $— $13,511 $3,715 $17,524 
Loans Past Due 60-89 Days21 636 5,579 861 7,097 
Loans Past Due 90 or more Days30 15,308 1,801 3,140 20,279 
Total Loans Past Due349 15,944 20,891 7,716 44,900 
Current Loans155,875 729,543 1,090,776 1,191,814 3,168,008 
Total Loans$156,224 $745,487 $1,111,667 $1,199,530 $3,212,908 
September 30, 2023
Loans Past Due 30-59 Days$247 $13,787 $11,864 $1,692 $27,590 
Loans Past Due 60-89 Days59 1,977 4,953 18 7,007 
Loans Past Due 90 or more Days3 — 1,504 3,271 4,778 
Total Loans Past Due309 15,764 18,321 4,981 39,375 
Current Loans147,757 718,840 1,089,316 1,143,329 3,099,242 
Total Loans$148,066 $734,604 $1,107,637 $1,148,310 $3,138,617 

Schedule of Non Accrual Loans by Category
Commercial
September 30, 2024CommercialReal EstateConsumerResidentialTotal
Loans 90 or More Days Past Due
  and Still Accruing Interest		$— $— $— $816 $816 
Nonaccrual Loans16 15,120 1,752 4,159 21,047 
Nonaccrual With No Allowance for Credit Loss16 15,120 1,752 4,159 21,047 
Interest Income on Nonaccrual Loans— — — — — 
December 31, 2023
Loans 90 or More Days Past Due
  and Still Accruing Interest		$— $— $6 $446 $452 
Nonaccrual Loans30 15,308 1,877 3,430 20,645 
September 30, 2023
Loans 90 or More Days Past Due
  and Still Accruing Interest		$— $— $— $251 $251 
Nonaccrual Loans3 — 1,572 4,448 6,023 
Allowance for Credit Losses on Financing Receivables
The following table details activity in the allowance for credit losses on loans for the three and nine months ended September 30, 2024 and September 30, 2023:

Allowance for Credit Losses
CommercialCommercial Real EstateConsumerResidentialTotal
June 30, 2024$2,031 $14,111 $2,985 $11,882 $31,009 
Charge-offs$— $— $(1,388)$(41)$(1,429)
Recoveries$— $— $748 $— $748 
Provision$(133)$(66)$296 $837 $934 
September 30, 2024$1,898 $14,045 $2,641 $12,678 $31,262 
December 31, 2023$1,958 $15,521 $2,566 $11,220 $31,265 
Charge-offs$(9)$— $(4,512)$(41)$(4,562)
Recoveries$— $— $2,233 $— $2,233 
Provision$(51)$(1,476)$2,354 $1,499 $2,326 
September 30, 2024$1,898 $14,045 $2,641 $12,678 $31,262 
June 30, 2023$1,972 $15,697 $2,646 $10,855 $31,170 
Charge-offs— — (1,204)— $(1,204)
Recoveries— — 792 — $792 
Provision(139)(114)301 306 $354 
September 30, 2023$1,833 $15,583 $2,535 $11,161 $31,112 
December 31, 2022$1,961 $15,213 $2,585 $10,193 $29,952 
Charge-offs$— $— $(3,806)$(6)$(3,812)
Recoveries$— $— $2,116 $— $2,116 
Provision$(128)$370 $1,640 $974 $2,856 
September 30, 2023$1,833 $15,583 $2,535 $11,161 $31,112 
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2024, December 31, 2023 and September 30, 2023:
September 30, 2024Collateral Type -Residential Real EstateCollateral Type - Commercial Real EstateTotal Loans
Commercial$— $— $— 
Commercial Real Estate— 15,120 15,120 
Consumer— — — 
Residential2,143 — 2,143 
Total$2,143 $15,120 $17,263 

December 31, 2023Collateral Type -Residential Real EstateCollateral Type - Commercial Real EstateTotal Loans
Commercial$— $— $— 
Commercial Real Estate— 15,308 15,308 
Consumer— — — 
Residential1,446 — 1,446 
Total$1,446 $15,308 $16,754 

September 30, 2023Collateral Type -Residential Real EstateCollateral Type - Commercial Real EstateTotal Loans
Commercial$— $— $— 
Commercial Real Estate— — — 
Consumer— — — 
Residential1,949 — 1,949 
Total$1,949 $— $1,949 



Allowance for Credit Losses - Collectively and Individually Evaluated
CommercialCommercial Real EstateConsumerResidentialTotal
September 30, 2024
Ending Loan Balance - Collectively Evaluated$169,884 $741,300 $1,120,241 $1,291,249 $3,322,674 
Allowance for Credit Losses - Loans Collectively Evaluated1,898 14,045 2,641 12,678 31,262 
Ending Loan Balance - Individually Evaluated— 15,120 — 2,143 17,263 
Allowance for Credit Losses - Loans Individually Evaluated— — — — — 
December 31, 2023
Ending Loan Balance - Collectively Evaluated$156,224 $730,179 $1,111,667 $1,198,084 $3,196,154 
Allowance for Credit Losses - Loans Collectively Evaluated1,958 15,521 2,566 11,220 31,265 
Ending Loan Balance - Individually Evaluated— 15,308 — 1,446 16,754 
Allowance for Credit Losses - Loans Individually Evaluated— — — — — 
September 30, 2023
Ending Loan Balance - Collectively Evaluated$148,066 $734,604 $1,107,637 $1,146,361 $3,136,668 
Allowance for Credit Losses - Loans Collectively Evaluated1,833 15,583 2,535 11,161 31,112 
Ending Loan Balance - Individually Evaluated— — — 1,949 1,949 
Allowance for Credit Losses - Loans Individually Evaluated— — — — — 
Financing Receivable Credit Quality Indicators
The following tables present credit quality indicators by total loans amortized cost basis by origination year as of September 30, 2024, December 31, 2023 and September 30, 2023:
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving Loan Converted to TermTotal
September 30, 202420242023202220212020Prior
Commercial:
Risk rating
Satisfactory$28,301 $46,534 $26,991 $18,424 $7,077 $19,200 $15,674 $— $162,201 
Special mention38 80 220 — 87 1,200 1,683 — 3,308 
Substandard— — — — — 3,063 1,312 — 4,375 
Doubtful— — — — — — — — — 
Total Commercial Loans$28,339 $46,614 $27,211 $18,424 $7,164 $23,463 $18,669 $— $169,884 
Current-period gross charge-offs$— $— $— $— $9 $— $— $— $9 
Commercial Real Estate:
Risk rating
Satisfactory$49,229 $90,818 $137,343 $109,829 $117,259 $195,942 $3,543 $— $703,963 
Special mention— — 12,764 — — 11,003 — — 23,767 
Substandard— 147 175 2,004 2,366 23,227 771 — 28,690 
Doubtful— — — — — — — — — 
Total Commercial Real Estate Loans$49,229 $90,965 $150,282 $111,833 $119,625 $230,172 $4,314 $— $756,420 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Risk rating
Performing$298,014 $325,751 $270,669 $139,101 $58,060 $26,417 $477 $— $1,118,489 
Nonperforming140 408 413 521 239 31 — — 1,752 
Total Consumer Loans$298,154 $326,159 $271,082 $139,622 $58,299 $26,448 $477 $— $1,120,241 
Current-period gross charge-offs$1,125 $610 $1,365 $943 $278 $191 $— $— $4,512 
Residential:
Risk rating
Performing$112,717 $178,789 $228,354 $184,861 $109,638 $343,929 $130,129 $— $1,288,417 
Nonperforming— 201 523 859 435 2,655 302 — 4,975 
Total Residential Loans$112,717 $178,990 $228,877 $185,720 $110,073 $346,584 $130,431 $— $1,293,392 
Current-period gross charge-offs$— $— $— $— $— $41 $— $— $41 
Total Loans$488,439 $642,728 $677,452 $455,599 $295,161 $626,667 $153,891 $— $3,339,937 
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving Loan Converted to TermTotal
December 31, 202320232022202120202019Prior
Commercial:
Risk rating
Satisfactory$54,584 $34,047 $23,470 $9,655 $4,107 $13,360 $8,586 $— $147,809 
Special mention— — — 117 — — — — 117 
Substandard— — — — — 3,199 5,099 — 8,298 
Doubtful— — — — — — — — — 
Total Commercial Loans$54,584 $34,047 $23,470 $9,772 $4,107 $16,559 $13,685 $— $156,224 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Commercial Real Estate:
Risk rating
Satisfactory$81,582 $151,818 $105,365 $120,845 $41,406 $174,516 $1,667 $— $677,199 
Special mention— 10,439 — — — 4,084 — — 14,523 
Substandard150 9,169 1,670 2,533 791 38,955 497 — 53,765 
Doubtful— — — — — — — — — 
Total Commercial Real Estate Loans$81,732 $171,426 $107,035 $123,378 $42,197 $217,555 $2,164 $— $745,487 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Risk rating
Performing$405,099 $355,217 $195,799 $93,708 $44,206 $15,252 $— $— $1,109,281 
Nonperforming208 783 551 210 81 85 468 — 2,386 
Total Consumer Loans$405,307 $356,000 $196,350 $93,918 $44,287 $15,337 $468 $— $1,111,667 
Current-period gross charge-offs$366 $1,368 $2,122 $604 $397 $266 $— $— $5,123 
Residential:
Risk rating
Performing$161,878 $231,365 $192,588 $116,451 $73,875 $296,935 $122,573 $— $1,195,665 
Nonperforming— — 444 666 127 2,268 360 — 3,865 
Total Residential Loans$161,878 $231,365 $193,032 $117,117 $74,002 $299,203 $122,933 $— $1,199,530 
Current-period gross charge-offs$— $— $— $21 $— $33 $— $— $54 
Total Loans$703,501 $792,838 $519,887 $344,185 $164,593 $548,654 $139,250 $— $3,212,908 
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving Loan Converted to TermTotal
September 30, 202320232022202120202019Prior
Commercial:
Risk rating
Satisfactory$37,300 $36,456 $23,602 $10,622 $4,799 $21,459 $10,328 $— $144,566 
Special mention— — — 128 — — — — 128 
Substandard— — — — 26 3,245 101 — 3,372 
Doubtful— — — — — — — — — 
Total Commercial Loans$37,300 $36,456 $23,602 $10,750 $4,825 $24,704 $10,429 $— $148,066 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Commercial Real Estate:
Risk rating
Satisfactory$57,761 $157,741 $106,128 $121,968 $41,827 $184,590 $2,035 $— $672,050 
Special mention— 3,123 — — — 4,150 — — 7,273 
Substandard— 9,299 1,685 2,590 797 40,411 499 — 55,281 
Doubtful— — — — — — — — — 
Total Commercial Real Estate Loans$57,761 $170,163 $107,813 $124,558 $42,624 $229,151 $2,534 $— $734,604 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Risk rating
Performing$322,084 $384,607 $216,234 $107,743 $53,646 $21,276 $— $— $1,105,590 
Nonperforming109 625 562 192 68 33 458 — 2,047 
Total Consumer Loans$322,193 $385,232 $216,796 $107,935 $53,714 $21,309 $458 $— $1,107,637 
Current-period gross charge-offs$192 $915 $1,689 $477 $299 $234 $— $— $3,806 
Residential:
Risk rating
Performing$106,267 $235,027 $191,780 $118,517 $76,518 $305,076 $108,098 $— $1,141,283 
Nonperforming— — 2,770 1,006 598 2,152 501 — 7,027 
Total Residential Loans$106,267 $235,027 $194,550 $119,523 $77,116 $307,228 $108,599 $— $1,148,310 
Current-period gross charge-offs$— $— $— $— $— $6 $— $— $6 
Total Loans$523,521 $826,878 $542,761 $362,766 $178,279 $582,392 $122,020 $— $3,138,617