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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements | Condensed financial information for Arrow Financial Corporation is as follows:
BALANCE SHEETS | December 31,
ASSETS | 2018 |  | 2017
Interest-Bearing Deposits with Subsidiary Banks | $ | 2,298 |  |  | $ | 2,186 |
Available-for-Sale Securities | — |  |  | 1,562 |
Equity Securities | 1,774 |  |  | — |
Investment in Subsidiaries at Equity | 280,408 |  |  | 261,622 |
Other Assets | 8,626 |  |  | 7,987 |
Total Assets | $ | 293,106 |  |  | $ | 273,357 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 3,522 |  |  | 3,754 |
Total Liabilities | 23,522 |  |  | 23,754 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 269,584 |  |  | 249,603 |
Total Liabilities and Stockholders’ Equity | $ | 293,106 |  |  | $ | 273,357 |
STATEMENTS OF INCOME | Years Ended December 31,
Income: | 2018 |  | 2017 |  | 2016
Dividends from Bank Subsidiaries | $ | 13,300 |  |  | $ | 12,800 |  |  | $ | 11,650 |
Interest and Dividends on Investments | 48 |  |  | 53 |  |  | 117 |
Other Income (Including Management Fees) | 907 |  |  | 677 |  |  | 635 |
Total Income | 14,255 |  |  | 13,530 |  |  | 12,402 |
Expense: |  |  |  |  |
Interest Expense | 976 |  |  | 781 |  |  | 691 |
Other Expense | 1,175 |  |  | 958 |  |  | 942 |
Total Expense | 2,151 |  |  | 1,739 |  |  | 1,633 |
Income Before Income Tax Benefit and Equity |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 12,104 |  |  | 11,791 |  |  | 10,769 |
Income Tax Benefit | 686 |  |  | 225 |  |  | 482 |
Equity in Undistributed Net Income of Subsidiaries | 23,489 |  |  | 17,310 |  |  | 15,283 |
Net Income | $ | 36,279 |  |  | $ | 29,326 |  |  | $ | 26,534 |
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,
| 2018 |  | 2017 |  | 2016
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 36,279 |  |  | $ | 29,326 |  |  | $ | 26,534 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (23,489 | ) |  | (17,310 | ) |  | (15,283 | )
Shares Issued Under the Directors’ Stock Plan | 205 |  |  | 233 |  |  | 205 |
Changes in Other Assets and Other Liabilities | (918 | ) |  | (1,179 | ) |  | (899 | )
Net Cash Provided by Operating Activities | 12,077 |  |  | 11,070 |  |  | 10,557 |
Cash Flows from Investing Activities: |  |  |  |  |
Proceeds of Securities Held-to-Maturity | — |  |  | 1,000 |  |  | — |
Net Cash Provided by Investing Activities | — |  |  | 1,000 |  |  | — |
Cash Flows from Financing Activities: |  |  |  |  |
Stock Options Exercised | 2,255 |  |  | 1,190 |  |  | 2,404 |
Shares Issued Under the Employee Stock Purchase Plan | 505 |  |  | 496 |  |  | 493 |
Shares Issued for Dividend Reinvestment Plans | 1,761 |  |  | 1,684 |  |  | 1,743 |
Tax Benefit for Exercises of Stock Options | — |  |  | — |  |  | 188 |
Purchase of Treasury Stock | (2,097 | ) |  | (3,248 | ) |  | (2,141 | )
Cash Dividends Paid | (14,389 | ) |  | (13,599 | ) |  | (13,092 | )
Net Cash Used in Financing Activities | (11,965 | ) |  | (13,477 | ) |  | (10,405 | )
Net Increase (Decrease) in Cash and Cash Equivalents | 112 |  |  | (1,407 | ) |  | 152 |
Cash and Cash Equivalents at Beginning of the Year | 2,186 |  |  | 3,593 |  |  | 3,441 |
Cash and Cash Equivalents at End of the Year | $ | 2,298 |  |  | $ | 2,186 |  |  | $ | 3,593 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 976 |  |  | $ | 781 |  |  | $ | 691 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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