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Goodwill And Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS (Dollars In Thousands) The following table presents information on Arrow’s goodwill as of December 31, 2024, 2023 and 2022:
| Total Goodwill
Balance, December 31, 2021 | $ | 21,873 |
Goodwill Acquired | — |
Balance, December 31, 2022 | 21,873 |
Goodwill Acquired | — |
Balance, December 31, 2023 | 21,873 |
Goodwill acquired related to the acquisition of the assets of A&B Agency, Inc and the Whitehall Branch | 1,916 |
Balance, December 31, 2024 | $ | 23,789 |
The following table presents information on Arrow’s other intangible assets (other than goodwill) as of December 31, 2024, 2023 and 2022:
| Depositor Intangibles 1 |  | Mortgage Servicing Rights 2 |  | Customer Intangibles 1 |  | Total
Gross Carrying Amount, December 31, 2024 | $ | 3,202 |  |  | $ | 3,340 |  |  | $ | 4,786 |  |  | $ | 11,328 |
Accumulated Amortization | (2,319) |  |  | (2,933) |  |  | (4,018) |  |  | (9,270) |
Net Carrying Amount, December 31, 2024 | $ | 883 |  |  | $ | 407 |  |  | $ | 768 |  |  | $ | 2,058 |
Gross Carrying Amount, December 31, 2023 | $ | 2,247 |  |  | $ | 3,296 |  |  | $ | 4,382 |  |  | $ | 9,925 |
Accumulated Amortization | (2,247) |  |  | (2,725) |  |  | (3,843) |  |  | (8,815) |
Net Carrying Amount, December 31, 2023 | $ | — |  |  | $ | 571 |  |  | $ | 539 |  |  | $ | 1,110 |
Rollforward of Intangible Assets: |  |  |  |  |  |  |
Balance, December 31, 2021 | $ | — |  |  | $ | 1,010 |  |  | $ | 908 |  |  | $ | 1,918 |
Intangible Assets Acquired | — |  |  | 10 |  |  | — |  |  | 10 |
Intangible Assets Disposed | — |  |  | — |  |  | — |  |  | — |
Amortization of Intangible Assets | — |  |  | (235) |  |  | (193) |  |  | (428) |
Balance, December 31, 2022 | — |  |  | 785 |  |  | 715 |  |  | 1,500 |
Intangible Assets Acquired | — |  |  | — |  |  | — |  |  | — |
Intangible Assets Disposed | — |  |  | — |  |  | — |  |  | — |
Amortization of Intangible Assets | — |  |  | (214) |  |  | (176) |  |  | (390) |
Balance, December 31, 2023 | — |  |  | 571 |  |  | 539 |  |  | 1,110 |
Intangible Assets Acquired | 955 |  |  | 44 |  |  | 404 |  |  | 1,403 |
Intangible Assets Disposed | — |  |  | — |  |  | — |  |  | — |
Amortization of Intangible Assets | (72) |  |  | (208) |  |  | (175) |  |  | (455) |
Balance, December 31, 2024 | $ | 883 |  |  | $ | 407 |  |  | $ | 768 |  |  | $ | 2,058 |
1 Amortization of depositor intangibles and customer intangibles are reported in the Consolidated Statements of Income as a component of other operating expense. 2 Amortization of mortgage servicing rights is reported in the Consolidated Statements of Income as a reduction of mortgage servicing fee income, which is included with fees for other services to customers. The following table presents the remaining estimated annual amortization expense for Arrow's intangible assets as of December 31, 2024:
|  | Depositor Intangibles |  | Mortgage Servicing Rights |  | Customer Intangibles |  | Total
Estimated Annual Amortization Expense: |  |  |  |  |  |  |  |
2025 |  | $ | 166 |  |  | $ | 202 |  |  | $ | 144 |  |  | $ | 512 |
2026 |  | 149 |  |  | 152 |  |  | 125 |  |  | 426 |
2027 |  | 132 |  |  | 33 |  |  | 106 |  |  | 271 |
2028 |  | 114 |  |  | 7 |  |  | 86 |  |  | 207 |
2029 |  | 97 |  |  | 7 |  |  | 67 |  |  | 171 |
2030 and beyond |  | 225 |  |  | 6 |  |  | 240 |  |  | 471 |
Total |  | $ | 883 |  |  | $ | 407 |  |  | $ | 768 |  |  | $ | 2,058 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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