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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019
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 | 2019 |  | 2018
Interest-Bearing Deposits with Subsidiary Banks | $ | 1,429 |  |  | $ | 2,298 |
Equity Securities | 2,063 |  |  | 1,774 |
Investment in Subsidiaries at Equity | 312,018 |  |  | 280,408 |
Other Assets | 9,365 |  |  | 8,626 |
Total Assets | $ | 324,875 |  |  | $ | 293,106 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 3,147 |  |  | 3,522 |
Total Liabilities | 23,147 |  |  | 23,522 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 301,728 |  |  | 269,584 |
Total Liabilities and Stockholders’ Equity | $ | 324,875 |  |  | $ | 293,106 |
STATEMENTS OF INCOME | Years Ended December 31,
Income: | 2019 |  | 2018 |  | 2017
Dividends from Bank Subsidiaries | $ | 14,100 |  |  | $ | 13,300 |  |  | $ | 12,800 |
Interest and Dividends on Investments | 49 |  |  | 48 |  |  | 53 |
Other Income (Including Management Fees) | 1,006 |  |  | 907 |  |  | 677 |
Total Income | 15,155 |  |  | 14,255 |  |  | 13,530 |
Expense: |  |  |  |  |
Interest Expense | 1,024 |  |  | 976 |  |  | 781 |
Other Expense | 875 |  |  | 1,175 |  |  | 958 |
Total Expense | 1,899 |  |  | 2,151 |  |  | 1,739 |
Income Before Income Tax Benefit and Equity |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 13,256 |  |  | 12,104 |  |  | 11,791 |
Income Tax Benefit | 466 |  |  | 686 |  |  | 225 |
Equity in Undistributed Net Income of Subsidiaries | 23,753 |  |  | 23,489 |  |  | 17,310 |
Net Income | $ | 37,475 |  |  | $ | 36,279 |  |  | $ | 29,326 |
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,
| 2019 |  | 2018 |  | 2017
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 37,475 |  |  | $ | 36,279 |  |  | $ | 29,326 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (23,753 | ) |  | (23,489 | ) |  | (17,310 | )
Shares Issued Under the Directors’ Stock Plan | 258 |  |  | 205 |  |  | 233 |
Changes in Other Assets and Other Liabilities | (1,236 | ) |  | (918 | ) |  | (1,179 | )
Net Cash Provided by Operating Activities | 12,744 |  |  | 12,077 |  |  | 11,070 |
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 | 1,792 |  |  | 2,255 |  |  | 1,190 |
Shares Issued Under the Employee Stock Purchase Plan | 493 |  |  | 505 |  |  | 496 |
Shares Issued for Dividend Reinvestment Plans | 1,777 |  |  | 1,761 |  |  | 1,684 |
Tax Benefit for Exercises of Stock Options | — |  |  | — |  |  | — |
Purchase of Treasury Stock | (2,469 | ) |  | (2,097 | ) |  | (3,248 | )
Cash Dividends Paid | (15,206 | ) |  | (14,389 | ) |  | (13,599 | )
Net Cash Used in Financing Activities | (13,613 | ) |  | (11,965 | ) |  | (13,477 | )
Net Increase (Decrease) in Cash and Cash Equivalents | (869 | ) |  | 112 |  |  | (1,407 | )
Cash and Cash Equivalents at Beginning of the Year | 2,298 |  |  | 2,186 |  |  | 3,593 |
Cash and Cash Equivalents at End of the Year | $ | 1,429 |  |  | $ | 2,298 |  |  | $ | 2,186 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 1,024 |  |  | $ | 976 |  |  | $ | 781 |

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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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