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Fair Values (Tables)

9 Months Ended

Sep. 30, 2019

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 Value				Quoted 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:
September 30, 2019
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	5,056			$	—			$	5,056			$	—
State and Municipal Obligations	965				—				965				—
Mortgage-Backed Securities	307,361				—				307,361				—
Corporate and Other Debt Securities	800				—				800				—
Total Securities Available-for-Sale	314,182				—				314,182				—
Equity Securities	1,996				—				1,996				—
Total Securities Measured on a Recurring Basis	$	316,178			$	—			$	316,178			$	—
Derivatives, included in other assets	498				—				498				—
Total Measured on a Recurring Basis	$	316,676			$	—			$	316,676			$	—
Liabilities:
Derivatives, included in other liabilities	498				—				498				—
Total Measured on a Recurring Basis	$	498			$	—			$	498			$	—
December 31, 2018
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	46,765			$	—			$	46,765			$	—
State and Municipal Obligations	1,195				—				1,195				—
Mortgage-Backed Securities	268,775				—				268,775				—
Corporate and Other Debt Securities	800				—				800				—
Total Securities Available-for-Sale	317,535								317,535
Equity Securities	1,774				—				1,774				—
Total Securities Measured on a Recurring Basis	$	319,309			$	—			$	319,309			$	—

Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis
					Fair Value Measurements at Reporting Date Using:
	Fair Value				Quoted Prices In Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
September 30, 2018
Assets:
Securities Available-for Sale:
U.S. Government & Agency Obligations	$	59,602			$	—			$	59,602			$	—
State and Municipal Obligations	2,548				—				2,548				—
Mortgage-Backed Securities	277,461				—				277,461				—
Corporate and Other Debt Securities	800				—				800				—
Total Securities Available-for-Sale	340,411								340,411
Equity Securities	1,916				—				1,916				—
Total Securities Measured on a Recurring Basis	$	342,327			$	—			$	342,327			$	—

	Fair Value				Quoted 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:
September 30, 2019
Collateral Dependent Impaired Loans	$	324			$	—			$	—			$	324
Other Real Estate Owned and Repossessed Assets, Net	1,274				—				—				1,274				(111	)
December 31, 2018
Collateral Dependent Impaired Loans	$	—			$	—			$	—			$	—
Other Real Estate Owned and Repossessed Assets, Net	1,260				—				—				1,260				(132	)
September 30, 2018
Collateral Dependent Impaired Loans	$	857			$	—			$	—			$	857
Other Real Estate Owned and Repossessed Assets, Net	1,220				—				—				1,220				(43	)

Fair Value, by Balance Sheet Grouping

The following table presents a summary of the carrying amount, the fair value 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 Value				Fair Value				Level 1				Level 2				Level 3
September 30, 2019
Cash and Cash Equivalents	$	92,298			$	92,298			$	92,298			$	—			$	—
Securities Available-for-Sale	314,182				314,182				—				314,182				—
Securities Held-to-Maturity	255,095				259,128				—				259,128				—
Equity Securities	1,996				1,996				—				1,996				—
Federal Home Loan Bank and Federal   Reserve Bank Stock	6,627				6,627				—				6,627				—
Net Loans	2,314,660				2,274,701				—				—				2,274,701

Schedule of Fair Values by Balance Sheet Grouping
									Fair Value Hierarchy
	Carrying Value				Fair Value				Level 1				Level 2				Level 3
Accrued Interest Receivable	8,097				8,097				—				8,097				—
Derivatives, included in Other Assets	498				498								498
Deposits	2,614,547				2,610,404				—				2,610,404				—
Federal Funds Purchased and Securities   Sold Under Agreements to Repurchase	72,869				72,869				—				72,869				—
Federal Home Loan Bank Overnight Advances	48,000				48,000				—				48,000				—
Federal Home Loan Bank Term Advances	30,000				29,988				—				29,988				—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000				20,000				—				20,000				—
Accrued Interest Payable	1,500				1,500				—				1,500				—
Derivatives, included in Other Liabilities	498				498				—				498				—
December 31, 2018
Cash and Cash Equivalents	$	84,239			$	84,239			$	84,239			$	—			$	—
Securities Available-for-Sale	317,535				317,535				—				317,535				—
Securities Held-to-Maturity	283,476				280,338				—				280,338				—
Equity Securities	1,774				1,774								1,774
Federal Home Loan Bank and Federal   Reserve Bank Stock	15,506				15,506				—				15,506				—
Net Loans	2,176,019				2,114,372				—				—				2,114,372
Accrued Interest Receivable	7,035				7,035				—				7,035				—
Deposits	2,345,584				2,338,410				—				2,338,410				—
Federal Funds Purchased and Securities   Sold Under Agreements to Repurchase	54,659				54,659				—				54,659				—
Federal Home Loan Bank Overnight Advances	234,000				234,000				—				234,000				—
Federal Home Loan Bank Term Advances	45,000				44,652				—				44,652				—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000				20,000				—				20,000				—
Accrued Interest Payable	570				570				—				570				—
September 30, 2018
Cash and Cash Equivalents	$	92,295			$	92,295			$	92,295			$	—			$	—
Securities Available-for-Sale	340,411				340,411				—				340,411				—
Securities Held-to-Maturity	289,952				282,719				—				282,719				—
Equity Securities	1,916				1,916				—				1,916
Federal Home Loan Bank and Federal   Reserve Bank Stock	10,866				10,866				—				10,866				—
Net Loans	2,106,097				2,030,278				—				—				2,030,278
Accrued Interest Receivable	8,028				8,028				—				8,028				—
Deposits	2,407,855				2,398,987				—				2,398,987				—
Federal Funds Purchased and Securities   Sold Under Agreements to Repurchase	62,503				62,503				—				62,503				—
Federal Home Loan Bank Overnight Advances	131,000				131,000				—				131,000				—
Federal Home Loan Bank Term Advances	45,000				44,488				—				44,488				—
Junior Subordinated Obligations Issued   to Unconsolidated Subsidiary Trusts	20,000				20,000				—				20,000				—
Accrued Interest Payable	485				485				—				485				—

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section 50
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
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