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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2021
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 | 2021 |  | 2020
Interest-Bearing Deposits with Subsidiary Banks | $ | 232 |  |  | $ | — |
Equity Securities | 1,747 |  |  | 1,636 |
Investment in Subsidiaries at Equity | 377,163 |  |  | 341,958 |
Other Assets | 13,061 |  |  | 13,294 |
Total Assets | $ | 392,203 |  |  | $ | 356,888 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 1,017 |  |  | 2,496 |
Total Liabilities | 21,017 |  |  | 22,496 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 371,186 |  |  | 334,392 |
Total Liabilities and Stockholders’ Equity | $ | 392,203 |  |  | $ | 356,888 |
STATEMENTS OF INCOME | Years Ended December 31,
Income: | 2021 |  | 2020 |  | 2019
Dividends from Bank Subsidiaries | $ | 15,994 |  |  | $ | 17,199 |  |  | $ | 14,100 |
Interest and Dividends on Investments | 49 |  |  | 49 |  |  | 49 |
Other Income (Including Management Fees) | 664 |  |  | 246 |  |  | 1,006 |
Total Income | 16,707 |  |  | 17,494 |  |  | 15,155 |
Expense: |  |  |  |  |
Interest Expense | 686 |  |  | 746 |  |  | 1,024 |
Other Expense | 879 |  |  | 878 |  |  | 875 |
Total Expense | 1,565 |  |  | 1,624 |  |  | 1,899 |
Income Before Income Tax Benefit and Equity |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 15,142 |  |  | 15,870 |  |  | 13,256 |
Income Tax Benefit | 312 |  |  | 431 |  |  | 466 |
Equity in Undistributed Net Income of Subsidiaries | 34,403 |  |  | 24,526 |  |  | 23,753 |
Net Income | $ | 49,857 |  |  | $ | 40,827 |  |  | $ | 37,475 |
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,
| 2021 |  | 2020 |  | 2019
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 49,857 |  |  | $ | 40,827 |  |  | $ | 37,475 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (34,403) |  |  | (24,526) |  |  | (23,753) |
Shares Issued Under the Directors’ Stock Plan | 376 |  |  | 125 |  |  | 258 |
Changes in Other Assets and Other Liabilities | (462) |  |  | (3,606) |  |  | (1,236) |
Net Cash Provided by Operating Activities | 15,368 |  |  | 12,820 |  |  | 12,744 |
Cash Flows from Financing Activities: |  |  |  |  |
Stock Options Exercised | 1,505 |  |  | 748 |  |  | 1,792 |
Shares Issued Under the Employee Stock Purchase Plan | 481 |  |  | 513 |  |  | 493 |
Shares Issued for Dividend Reinvestment Plans | 1,836 |  |  | 1,808 |  |  | 1,777 |
Purchase of Treasury Stock | (2,662) |  |  | (1,578) |  |  | (2,469) |
Cash Dividends Paid | (16,296) |  |  | (15,740) |  |  | (15,206) |
Net Cash Used in Financing Activities | (15,136) |  |  | (14,249) |  |  | (13,613) |
Net Increase (Decrease) in Cash and Cash Equivalents | 232 |  |  | (1,429) |  |  | (869) |
Cash and Cash Equivalents at Beginning of the Year | — |  |  | 1,429 |  |  | 2,298 |
Cash and Cash Equivalents at End of the Year | $ | 232 |  |  | $ | — |  |  | $ | 1,429 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 686 |  |  | $ | 746 |  |  | $ | 1,024 |

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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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