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Fair Values (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The table below presents the financial instrument's fair value and the amounts within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement:
Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
Fair Value Measurements at Reporting Date Using:
Fair ValueQuoted Prices
In Active Markets for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Fair Value of Assets and Liabilities Measured on a Recurring Basis:
March 31, 2025
Assets:
Securities Available-for Sale:
   U.S. Treasuries$99,499 $99,499 $— $— 
   U.S. Government & Agency Obligations54,492 — 54,492 $— 
   State and Municipal Obligations240 — 240 — 
   Mortgage-Backed Securities290,522 — 290,522 — 
   Corporate and Other Debt Securities991 — 991 — 
Total Securities Available-for-Sale445,744 99,499 346,245 — 
Equity Securities5,372 — 5,372 — 
Total Securities Measured on a Recurring Basis451,116 99,499 351,617 — 
Derivative Assets10,418 — 10,418 — 
Total Measured on a Recurring Basis$461,534 $99,499 $362,035 $— 
Liabilities:
Derivative Liabilities9,450 — 9,450 — 
Total Measured on a Recurring Basis$9,450 $— $9,450 $— 
December 31, 2024
Assets:
Securities Available-for Sale:
   U.S. Treasuries$98,070 $98,070 $— $— 
   U.S. Government & Agency Obligations69,214 — 69,214 — 
   State and Municipal Obligations240 — 240 — 
   Mortgage-Backed Securities294,608 — 294,608 — 
   Corporate and Other Debt Securities979 — 979 — 
Total Securities Available-for-Sale463,111 98,070 365,041 — 
Equity Securities5,055 — 5,055 — 
Total Securities Measured on a Recurring Basis468,166 98,070 370,096 — 
Derivative Assets 12,659 — 12,659 — 
Total Measured on a Recurring Basis$480,825 $98,070 $382,755 $— 
Liabilities:
Derivative Liabilities$8,638 $— $8,638 $— 
Total Measured on a Recurring Basis$8,638 $— $8,638 $— 
Fair ValueQuoted Prices
In Active Markets for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Gains (Losses) Recognized in Earnings
Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis:
March 31, 2025
Collateral Dependent Evaluated Loans$10,649 $— $— $10,649 
Other Real Estate Owned and Repossessed Assets, Net426 — — 426 — 
December 31, 2024
Collateral Dependent Impaired Loans$— $— $— $— 
Other Real Estate Owned and Repossessed Assets, Net458 — — 458 — 
Fair Value, by Balance Sheet Grouping
The following table presents a summary of the carrying amount, the fair value (exit price) or an amount approximating fair value and the fair value hierarchy of Arrow’s financial instruments:
Schedule of Fair Values by Balance Sheet Grouping
Fair Value Hierarchy
Carrying ValueFair ValueLevel 1Level 2Level 3
March 31, 2025
Cash and Cash Equivalents$301,446 $301,446 $301,446 $— $— 
Securities Available-for-Sale445,744 445,744 99,499 346,245 — 
Securities Held-to-Maturity97,492 96,335 — 72,542 23,793 
Equity Securities5,372 5,372 — 5,372 — 
Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,353 4,353 — 4,353 — 
Net Loans3,379,097 3,188,360 — — 3,188,360 
Accrued Interest Receivable14,773 14,773 — 14,773 — 
Derivative Assets10,418 10,418 10,418 
Deposits3,968,165 3,965,110 — 3,965,110 — 
Borrowings8,600 8,482 — 8,482 — 
Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000 19,710 — 19,710 — 
Accrued Interest Payable5,418 5,418 — 5,418 — 
Derivative Liabilities9,450 9,450 — 9,450 — 
December 31, 2024
Cash and Cash Equivalents$154,546 $154,546 $154,546 $— $— 
Securities Available-for-Sale463,111 463,111 98,070 365,041 — 
Securities Held-to-Maturity98,261 96,586 — 75,262 21,324 
Equity Securities5,055 5,055 5,055 
Federal Home Loan Bank and Federal
  Reserve Bank Stock
4,353 4,353 — 4,353 — 
Net Loans3,360,943 3,137,721 — — 3,137,721 
Accrued Interest Receivable13,229 13,229 — 13,229 — 
Derivative Assets12,659 12,659 — 12,659 — 
Deposits3,827,930 3,824,699 — 3,824,699 — 
Borrowings8,600 8,386 — 8,386 — 
Junior Subordinated Obligations Issued
  to Unconsolidated Subsidiary Trusts
20,000 20,000 — 20,000 — 
Accrued Interest Payable5,099 5,099 — 5,099 — 
Derivative Liabilities8,638 8,638 — 8,638 —