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Loans (Tables) | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Past Due Financing Receivables | The following table presents loan balances outstanding as of September 30, 2020, December 31, 2019 and September 30, 2019 and an analysis of the recorded investment in loans that are past due at these dates. Generally, Arrow considers a loan past due 30 or more days when the borrower is two payments past due. Loans held-for-sale of $10,580, $150 and $1,905 as of September 30, 2020, December 31, 2019 and September 30, 2019, respectively, are included in the residential real estate balances for current loans.
Schedule of Past Due Loans by Loan Category
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
September 30, 2020 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 43 |  |  | $ | — |  |  | $ | 4,238 |  |  | $ | 428 |  |  | $ | 4,709 |
Loans Past Due 60-89 Days | 79 |  |  | 85 |  |  | 2,853 |  |  | 765 |  |  | 3,782 |
Loans Past Due 90 or more Days | 22 |  |  | 1,475 |  |  | 1,303 |  |  | 1,517 |  |  | 4,317 |
Total Loans Past Due | 144 |  |  | 1,560 |  |  | 8,394 |  |  | 2,710 |  |  | 12,808 |
Current Loans | 275,777 |  |  | 539,673 |  |  | 841,132 |  |  | 923,065 |  |  | 2,579,647 |
Total Loans | $ | 275,921 |  |  | $ | 541,233 |  |  | $ | 849,526 |  |  | $ | 925,775 |  |  | $ | 2,592,455 |
Loans 90 or More Days Past Due and Still Accruing Interest | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 121 |  |  | $ | 121 |
Nonaccrual Loans | 72 |  |  | 1,475 |  |  | 1,559 |  |  | 2,898 |  |  | 6,004 |
December 31, 2019 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 150 |  |  | $ | — |  |  | $ | 5,670 |  |  | $ | 152 |  |  | $ | 5,972 |
Loans Past Due 60-89 Days | 42 |  |  | 266 |  |  | 2,700 |  |  | 2,027 |  |  | 5,035 |
Loans Past Due 90 or more Days | 21 |  |  | 326 |  |  | 445 |  |  | 1,807 |  |  | 2,599 |
Total Loans Past Due | 213 |  |  | 592 |  |  | 8,815 |  |  | 3,986 |  |  | 13,606 |
Current Loans | 150,447 |  |  | 509,949 |  |  | 802,383 |  |  | 909,735 |  |  | 2,372,514 |
Total Loans | $ | 150,660 |  |  | $ | 510,541 |  |  | $ | 811,198 |  |  | $ | 913,721 |  |  | $ | 2,386,120 |
Loans 90 or More Days Past Due and Still Accruing Interest | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 253 |  |  | $ | 253 |
Nonaccrual Loans | 81 |  |  | 326 |  |  | 663 |  |  | 2,935 |  |  | 4,005 |
September 30, 2019 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 99 |  |  | $ | — |  |  | $ | 5,216 |  |  | $ | 241 |  |  | $ | 5,556 |
Loans Past Due 60-89 Days | 48 |  |  | 30 |  |  | 1,624 |  |  | 1,011 |  |  | 2,713 |
Loans Past Due 90 or more Days | — |  |  | 328 |  |  | 415 |  |  | 2,387 |  |  | 3,130 |
Total Loans Past Due | 147 |  |  | 358 |  |  | 7,255 |  |  | 3,639 |  |  | 11,399 |
Current Loans | 141,988 |  |  | 497,725 |  |  | 798,542 |  |  | 885,937 |  |  | 2,324,192 |
Total Loans | $ | 142,135 |  |  | $ | 498,083 |  |  | $ | 805,797 |  |  | $ | 889,576 |  |  | $ | 2,335,591 |
Loans 90 or More Days Past Due and Still Accruing Interest | $ | — |  |  | $ | — |  |  | $ | 86 |  |  | $ | 980 |  |  | $ | 1,066 |
Nonaccrual Loans | 28 |  |  | 465 |  |  | 564 |  |  | 2,408 |  |  | 3,465 |
Allowance for Credit Losses on Financing Receivables | The following table presents a roll-forward of the allowance for loan losses and other information pertaining to the allowance for loan losses:
Allowance for Loan Losses
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
Roll-forward of the Allowance for Loan Losses for the Quarterly Periods: |  |  |  |  |  |  |  |  |
June 30, 2020 | $ | 1,917 |  |  | $ | 8,361 |  |  | $ | 10,639 |  |  | $ | 5,383 |  |  | $ | 26,300 |
Charge-offs | (17) |  |  | (5) |  |  | (370) |  |  | — |  |  | (392) |
Recoveries | — |  |  | — |  |  | 267 |  |  | — |  |  | 267 |
Provision | 419 |  |  | 1,013 |  |  | 609 |  |  | 230 |  |  | 2,271 |
September 30, 2020 | $ | 2,319 |  |  | $ | 9,369 |  |  | $ | 11,145 |  |  | $ | 5,613 |  |  | $ | 28,446 |
June 30, 2019 | $ | 1,231 |  |  | $ | 5,459 |  |  | $ | 9,654 |  |  | $ | 4,351 |  |  | $ | 20,695 |
Charge-offs | (11) |  |  | — |  |  | (351) |  |  | (40) |  |  | (402) |
Recoveries | — |  |  | — |  |  | 120 |  |  | — |  |  | 120 |
Provision | 42 |  |  | 162 |  |  | 263 |  |  | 51 |  |  | 518 |
September 30, 2019 | $ | 1,262 |  |  | $ | 5,621 |  |  | $ | 9,686 |  |  | $ | 4,362 |  |  | $ | 20,931 |
Allowance for Loan Losses
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
Roll-forward of the Allowance for Loan Losses for the Year-to-Date Periods: |  |  |  |  |  |  |  |  |
December 31, 2019 | $ | 1,386 |  |  | $ | 5,830 |  |  | $ | 9,408 |  |  | $ | 4,563 |  |  | $ | 21,187 |
Charge-offs | (37) |  |  | (5) |  |  | (1,268) |  |  | (50) |  |  | (1,360) |
Recoveries | 3 |  |  | — |  |  | 533 |  |  | — |  |  | 536 |
Provision | 967 |  |  | 3,544 |  |  | 2,472 |  |  | 1,100 |  |  | 8,083 |
September 30, 2020 | $ | 2,319 |  |  | $ | 9,369 |  |  | $ | 11,145 |  |  | $ | 5,613 |  |  | $ | 28,446 |
December 31, 2018 | $ | 1,218 |  |  | $ | 5,644 |  |  | $ | 8,882 |  |  | $ | 4,452 |  |  | $ | 20,196 |
Charge-offs | (12) |  |  | (29) |  |  | (1,137) |  |  | (54) |  |  | (1,232) |
Recoveries | 98 |  |  | — |  |  | 424 |  |  | — |  |  | 522 |
Provision | (42) |  |  | 6 |  |  | 1,517 |  |  | (36) |  |  | 1,445 |
September 30, 2019 | $ | 1,262 |  |  | $ | 5,621 |  |  | $ | 9,686 |  |  | $ | 4,362 |  |  | $ | 20,931 |
September 30, 2020 |  |  |  |  |  |  |  |  |
Allowance for loan losses - Loans Individually Evaluated for Impairment | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 28 |  |  | $ | 46 |
Allowance for loan losses - Loans Collectively Evaluated for Impairment | 2,301 |  |  | 9,369 |  |  | 11,145 |  |  | 5,585 |  |  | 28,400 |
Ending Loan Balance - Individually Evaluated for Impairment | 47 |  |  | 1,128 |  |  | 124 |  |  | 1,427 |  |  | 2,726 |
Ending Loan Balance - Collectively Evaluated for Impairment | $ | 275,874 |  |  | $ | 540,105 |  |  | $ | 849,402 |  |  | $ | 924,348 |  |  | $ | 2,589,729 |
December 31, 2019 |  |  |  |  |  |  |  |  |
Allowance for loan losses - Loans Individually Evaluated for Impairment | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | 47 |
Allowance for creditlosses - Loans Collectively Evaluated for Impairment | 1,381 |  |  | 5,830 |  |  | 9,408 |  |  | 4,521 |  |  | 21,140 |
Ending Loan Balance - Individually Evaluated for Impairment | 35 |  |  | — |  |  | 107 |  |  | 959 |  |  | 1,101 |
Ending Loan Balance - Collectively Evaluated for Impairment | $ | 150,625 |  |  | $ | 510,541 |  |  | $ | 811,091 |  |  | $ | 912,762 |  |  | $ | 2,385,019 |
Allowance for Loan Losses
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |
Allowance for loan losses - Loans Individually Evaluated for Impairment | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |
Allowance for credit losses - Loans Collectively Evaluated for Impairment | 1,257 |  |  | 5,621 |  |  | 9,686 |  |  | 4,362 |  |  | 20,926 |
Ending Loan Balance - Individually Evaluated for Impairment | 36 |  |  | — |  |  | 113 |  |  | 575 |  |  | 724 |
Ending Loan Balance - Collectively Evaluated for Impairment | $ | 142,099 |  |  | $ | 498,083 |  |  | $ | 805,684 |  |  | $ | 889,001 |  |  | $ | 2,334,867 |
Financing Receivable Credit Quality Indicators | The following table presents the credit quality indicators by loan category at September 30, 2020, December 31, 2019 and September 30, 2019:
Loan Credit Quality Indicators
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
September 30, 2020 |  |  |  |  |  |  |  |  |
Credit Risk Profile by Creditworthiness Category: |  |  |  |  |  |  |  |  |
Satisfactory | $ | 264,094 |  |  | $ | 493,982 |  |  |  |  |  |  | $ | 758,076 |
Special Mention | 1,485 |  |  | 12,620 |  |  |  |  |  |  | 14,105 |
Substandard | 10,342 |  |  | 34,631 |  |  |  |  |  |  | 44,973 |
Doubtful | — |  |  | — |  |  |  |  |  |  | — |
Credit Risk Profile Based on Payment Activity: |  |  |  |  |  |  |  |  |
Performing |  |  |  |  | $ | 847,967 |  |  | $ | 922,756 |  |  | $ | 1,770,723 |
Nonperforming |  |  |  |  | 1,559 |  |  | 3,019 |  |  | 4,578 |
December 31, 2019 |  |  |  |  |  |  |  |  |
Credit Risk Profile by Creditworthiness Category: |  |  |  |  |  |  |  |  |
Satisfactory | $ | 144,283 |  |  | $ | 484,267 |  |  |  |  |  |  | $ | 628,550 |
Special Mention | 32 |  |  | 263 |  |  |  |  |  |  | 295 |
Substandard | 6,345 |  |  | 26,011 |  |  |  |  |  |  | 32,356 |
Doubtful | — |  |  | — |  |  |  |  |  |  | — |
Credit Risk Profile Based on Payment Activity: |  |  |  |  |  |  |  |  |
Performing |  |  |  |  | $ | 810,535 |  |  | $ | 910,533 |  |  | $ | 1,721,068 |
Nonperforming |  |  |  |  | 663 |  |  | 3,188 |  |  | 3,851 |
September 30, 2019 |  |  |  |  |  |  |  |  |
Credit Risk Profile by Creditworthiness Category: |  |  |  |  |  |  |  |  |
Satisfactory | $ | 135,355 |  |  | $ | 471,637 |  |  |  |  |  |  | $ | 606,992 |
Special Mention | 107 |  |  | 2,484 |  |  |  |  |  |  | 2,591 |
Substandard | 6,673 |  |  | 23,962 |  |  |  |  |  |  | 30,635 |
Doubtful | — |  |  | — |  |  |  |  |  |  | — |
Credit Risk Profile Based on Payment Activity: |  |  |  |  |  |  |  |  |
Performing |  |  |  |  | $ | 805,147 |  |  | $ | 886,188 |  |  | $ | 1,691,335 |
Nonperforming |  |  |  |  | 650 |  |  | 3,388 |  |  | 4,038 |
Impaired Financing Receivables | The following table presents information on impaired loans as of September 30, 2020, December 31, 2019 and September 30, 2019 based on whether the impaired loan has a recorded related allowance or has no recorded related allowance:
Impaired Loans
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
September 30, 2020 |  |  |  |  |  |  |  |  |
Recorded Investment: |  |  |  |  |  |  |  |  |
With No Related Allowance | $ | — |  |  | $ | 1,124 |  |  | $ | 124 |  |  | $ | 1,178 |  |  | $ | 2,426 |
With a Related Allowance | 46 |  |  | — |  |  | — |  |  | 249 |  |  | 295 |
Unpaid Principal Balance: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | 1,128 |  |  | 124 |  |  | 1,178 |  |  | 2,430 |
With a Related Allowance | 47 |  |  | — |  |  | — |  |  | 249 |  |  | 296 |
December 31, 2019 |  |  |  |  |  |  |  |  |
Recorded Investment: |  |  |  |  |  |  |  |  |
With No Related Allowance | $ | — |  |  | $ | — |  |  | $ | 108 |  |  | $ | 699 |  |  | $ | 807 |
With a Related Allowance | 34 |  |  | — |  |  | — |  |  | 260 |  |  | 294 |
Unpaid Principal Balance: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | 107 |  |  | 699 |  |  | 806 |
With a Related Allowance | 35 |  |  | — |  |  | — |  |  | 260 |  |  | 295 |
September 30, 2019 |  |  |  |  |  |  |  |  |
Recorded Investment: |  |  |  |  |  |  |  |  |
With No Related Allowance | $ | — |  |  | $ | — |  |  | $ | 114 |  |  | $ | 575 |  |  | $ | 689 |
With a Related Allowance | 35 |  |  | — |  |  | — |  |  | — |  |  | 35 |
Unpaid Principal Balance: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | 113 |  |  | 575 |  |  | $ | 688 |
With a Related Allowance | 36 |  |  | — |  |  | — |  |  | — |  |  | 36 |
For the Quarter Ended: |  |  |  |  |  |  |  |  |
September 30, 2020 |  |  |  |  |  |  |  |  |
Average Recorded Balance: |  |  |  |  |  |  |  |  |
With No Related Allowance | $ | 2 |  |  | $ | 1,127 |  |  | $ | 120 |  |  | $ | 938 |  |  | $ | 2,187 |
With a Related Allowance | 46 |  |  | — |  |  | — |  |  | 253 |  |  | 299 |
Interest Income Recognized: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
With a Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash Basis Income: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
With a Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
September 30, 2019 |  |  |  |  |  |  |  |  |
Average Recorded Balance: |  |  |  |  |  |  |  |  |
With No Related Allowance | $ | — |  |  | $ | 1 |  |  | $ | 119 |  |  | $ | 1,489 |  |  | $ | 1,609 |
With a Related Allowance | 36 |  |  | — |  |  | — |  |  | — |  |  | 36 |
Interest Income Recognized: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
With a Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash Basis Income: |  |  |  |  |  |  |  |  |
With No Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
With a Related Allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |
Troubled Debt Restructurings on Financing Receivables | The following table presents information on loans modified in trouble debt restructurings during the periods indicated.
Loans Modified in Trouble Debt Restructurings During the Period
|  |  | Commercial |  |  |  |  |  |
| Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
For the Quarter Ended: |  |  |  |  |  |  |  |  |
September 30, 2020 |  |  |  |  |  |  |  |  |
Number of Loans | — |  |  | — |  |  | — |  |  | — |  |  | — |
Pre-Modification Outstanding Recorded Investment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Post-Modification Outstanding Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Number of Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |
September 30, 2019 |  |  |  |  |  |  |  |  |
Number of Loans | — |  |  | — |  |  | — |  |  | — |  |  | — |
Pre-Modification Outstanding Recorded Investment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Post-Modification Outstanding Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Number of Contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subsequent Default, Recorded Investment | — |  |  | — |  |  | — |  |  | — |  |  | — |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of financing receivable modified as troubled debt restructuring. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524 + Details
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