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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Financial Statements | Condensed financial information for Arrow Financial Corporation is as follows:
BALANCE SHEETS | December 31,
ASSETS | 2016 |  | 2015
Interest-Bearing Deposits with Subsidiary Banks | $ | 3,593 |  |  | $ | 3,441 |
Available-for-Sale Securities | 1,382 |  |  | 1,232 |
Held-to-Maturity Securities | 1,000 |  |  | 1,000 |
Investment in Subsidiaries at Equity | 243,031 |  |  | 225,934 |
Other Assets | 7,951 |  |  | 7,390 |
Total Assets | $ | 256,957 |  |  | $ | 238,997 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 4,105 |  |  | 5,026 |
Total Liabilities | 24,105 |  |  | 25,026 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 232,852 |  |  | 213,971 |
Total Liabilities and Stockholders’ Equity | $ | 256,957 |  |  | $ | 238,997 |
STATEMENTS OF INCOME | Years Ended December 31,
Income: | 2016 |  | 2015 |  | 2014
Dividends from Bank Subsidiaries | $ | 11,650 |  |  | $ | 13,400 |  |  | $ | 13,300 |
Interest and Dividends on Investments | 117 |  |  | 118 |  |  | 116 |
Other Income (Including Management Fees) | 635 |  |  | 847 |  |  | 578 |
Total Income | 12,402 |  |  | 14,365 |  |  | 13,994 |
Expense: |  |  |  |  |
Interest Expense | 691 |  |  | 619 |  |  | 620 |
Salaries and Employee Benefits | 77 |  |  | 80 |  |  | 77 |
Other Expense | 865 |  |  | 885 |  |  | 754 |
Total Expense | 1,633 |  |  | 1,584 |  |  | 1,451 |
Income Before Income Tax Benefit and Equity |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 10,769 |  |  | 12,781 |  |  | 12,543 |
Income Tax Benefit | 482 |  |  | 372 |  |  | 473 |
Equity in Undistributed Net Income of Subsidiaries | 15,283 |  |  | 11,509 |  |  | 10,344 |
Net Income | $ | 26,534 |  |  | $ | 24,662 |  |  | $ | 23,360 |
The Statement of Changes in Stockholders’ Equity is not reported because it is identical to the Consolidated Statement of Changes in Stockholders’ Equity.
STATEMENTS OF CASH FLOWS | Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 26,534 |  |  | $ | 24,662 |  |  | $ | 23,360 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (15,283 | ) |  | (11,509 | ) |  | (10,344 | )
Shares Issued Under the Directors’ Stock Plan | 196 |  |  | 227 |  |  | 197 |
Stock-Based Compensation Expense | 287 |  |  | 308 |  |  | 360 |
Changes in Other Assets and Other Liabilities | (1,177 | ) |  | (1,419 | ) |  | (1,014 | )
Net Cash Provided by Operating Activities | 10,557 |  |  | 12,269 |  |  | 12,559 |
Cash Flows from Investing Activities: |  |  |  |  |
Proceeds from the Sale of Securities Available-for-Sale | — |  |  | 47 |  |  | 45 |
Purchases of Securities Available-for-Sale | — |  |  | (47 | ) |  | (45 | )
Net Cash (Used in) Provided by Investing Activities | — |  |  | — |  |  | — |
Cash Flows from Financing Activities: |  |  |  |  |
Stock Options Exercised | 2,404 |  |  | 918 |  |  | 1,454 |
Shares Issued Under the Employee Stock Purchase Plan | 493 |  |  | 494 |  |  | 488 |
Shares Issued for Dividend Reinvestment Plans | 1,743 |  |  | 886 |  |  | — |
Tax Benefit for Exercises of Stock Options | 188 |  |  | 59 |  |  | 25 |
Purchase of Treasury Stock | (2,141 | ) |  | (1,498 | ) |  | (2,455 | )
Cash Dividends Paid | (13,092 | ) |  | (12,700 | ) |  | (12,407 | )
Net Cash Used in Financing Activities | (10,405 | ) |  | (11,841 | ) |  | (12,895 | )
Net Increase (Decrease) in Cash and Cash Equivalents | 152 |  |  | 428 |  |  | (336 | )
Cash and Cash Equivalents at Beginning of the Year | 3,441 |  |  | 3,013 |  |  | 3,349 |
Cash and Cash Equivalents at End of the Year | $ | 3,593 |  |  | $ | 3,441 |  |  | $ | 3,013 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 691 |  |  | $ | 619 |  |  | $ | 620 |
Non-cash Investing and Financing Activities: |  |  |  |  |
Shares Issued for Acquisition of Subsidiary | — |  |  | — |  |  | 91 |

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