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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
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 | 2017 |  | 2016
Interest-Bearing Deposits with Subsidiary Banks | $ | 2,186 |  |  | $ | 3,593 |
Available-for-Sale Securities | 1,562 |  |  | 1,382 |
Held-to-Maturity Securities | — |  |  | 1,000 |
Investment in Subsidiaries at Equity | 261,622 |  |  | 243,031 |
Other Assets | 7,987 |  |  | 7,951 |
Total Assets | $ | 273,357 |  |  | $ | 256,957 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 3,754 |  |  | 4,105 |
Total Liabilities | 23,754 |  |  | 24,105 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 249,603 |  |  | 232,852 |
Total Liabilities and Stockholders’ Equity | $ | 273,357 |  |  | $ | 256,957 |
STATEMENTS OF INCOME | Years Ended December 31,
Income: | 2017 |  | 2016 |  | 2015
Dividends from Bank Subsidiaries | $ | 12,800 |  |  | $ | 11,650 |  |  | $ | 13,400 |
Interest and Dividends on Investments | 53 |  |  | 117 |  |  | 118 |
Other Income (Including Management Fees) | 677 |  |  | 635 |  |  | 847 |
Total Income | 13,530 |  |  | 12,402 |  |  | 14,365 |
Expense: |  |  |  |  |
Interest Expense | 781 |  |  | 691 |  |  | 619 |
Salaries and Employee Benefits | 76 |  |  | 77 |  |  | 80 |
Other Expense | 882 |  |  | 865 |  |  | 885 |
Total Expense | 1,739 |  |  | 1,633 |  |  | 1,584 |
Income Before Income Tax Benefit and Equity |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 11,791 |  |  | 10,769 |  |  | 12,781 |
Income Tax Benefit | 225 |  |  | 482 |  |  | 372 |
Equity in Undistributed Net Income of Subsidiaries | 17,310 |  |  | 15,283 |  |  | 11,509 |
Net Income | $ | 29,326 |  |  | $ | 26,534 |  |  | $ | 24,662 |
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,
| 2017 |  | 2016 |  | 2015
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 29,326 |  |  | $ | 26,534 |  |  | $ | 24,662 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (17,310 | ) |  | (15,283 | ) |  | (11,509 | )
Shares Issued Under the Directors’ Stock Plan | 233 |  |  | 196 |  |  | 227 |
Stock-Based Compensation Expense | 351 |  |  | 287 |  |  | 308 |
Changes in Other Assets and Other Liabilities | (1,530 | ) |  | (1,177 | ) |  | (1,419 | )
Net Cash Provided by Operating Activities | 11,070 |  |  | 10,557 |  |  | 12,269 |
Cash Flows from Investing Activities: |  |  |  |  |
Proceeds from the Sale of Securities Available-for-Sale | — |  |  | — |  |  | 47 |
Purchases of Securities Available-for-Sale | — |  |  | — |  |  | (47 | )
Proceeds of Securities Held-to-Maturity | 1,000 |  |  | — |  |  | — |
Net Cash Provided by Investing Activities | 1,000 |  |  | — |  |  | — |
Cash Flows from Financing Activities: |  |  |  |  |
Stock Options Exercised | 1,190 |  |  | 2,404 |  |  | 918 |
Shares Issued Under the Employee Stock Purchase Plan | 496 |  |  | 493 |  |  | 494 |
Shares Issued for Dividend Reinvestment Plans | 1,684 |  |  | 1,743 |  |  | 886 |
Tax Benefit for Exercises of Stock Options | — |  |  | 188 |  |  | 59 |
Purchase of Treasury Stock | (3,248 | ) |  | (2,141 | ) |  | (1,498 | )
Cash Dividends Paid | (13,599 | ) |  | (13,092 | ) |  | (12,700 | )
Net Cash Used in Financing Activities | (13,477 | ) |  | (10,405 | ) |  | (11,841 | )
Net Increase (Decrease) in Cash and Cash Equivalents | (1,407 | ) |  | 152 |  |  | 428 |
Cash and Cash Equivalents at Beginning of the Year | 3,593 |  |  | 3,441 |  |  | 3,013 |
Cash and Cash Equivalents at End of the Year | $ | 2,186 |  |  | $ | 3,593 |  |  | $ | 3,441 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 781 |  |  | $ | 691 |  |  | $ | 619 |

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