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Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
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 | 2024 |  | 2023
Interest-Bearing Deposits with Arrow Bank | $ | 333 |  |  | $ | 1,305 |
Equity Securities | 2,144 |  |  | 1,925 |
Investment in Subsidiaries at Equity | 401,228 |  |  | 381,160 |
Other Assets | 19,159 |  |  | 17,185 |
Total Assets | $ | 422,864 |  |  | $ | 401,575 |
LIABILITIES |  |  |
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts | $ | 20,000 |  |  | $ | 20,000 |
Other Liabilities | 1,963 |  |  | 1,803 |
Total Liabilities | 21,963 |  |  | 21,803 |
STOCKHOLDERS’ EQUITY |  |  |
Total Stockholders’ Equity | 400,901 |  |  | 379,772 |
Total Liabilities and Stockholders’ Equity | $ | 422,864 |  |  | $ | 401,575 |
STATEMENTS OF INCOME | Years Ended December 31, |
Income: | 2024 |  | 2023 |  | 2022 |
Dividends from Bank Subsidiaries | $ | 25,100 |  |  | $ | 24,000 |  |  | $ | 19,264 |  |
Interest and Dividends on Investments | 47 |  |  | 47 |  |  | 49 |  |
Other Income (Including Management Fees) | 934 |  |  | 363 |  |  | 1,095 |  |
Total Income | 26,081 |  |  | 24,410 |  |  | 20,408 |  |
Expense: |  |  |  |  |  |
Interest Expense | 685 |  |  | 685 |  |  | 685 |  |
Other Expense | 1,325 |  |  | 4,280 |  |  | 1,030 |  |
Total Expense | 2,010 |  |  | 4,965 |  |  | 1,715 |  |
Income Before Income Tax Benefit and Equity |  |  |  |  |  |
in Undistributed Net Income of Subsidiaries | 24,071 |  |  | 19,445 |  |  | 18,693 |  |
Income Tax Benefit | 487 |  |  | 1,242 |  |  | 257 |  |
Equity in Undistributed Net Income of Subsidiaries | 5,151 |  |  | 9,388 |  |  | 29,849 |  |
Net Income | $ | 29,709 |  |  | $ | 30,075 |  |  | $ | 48,799 |  |
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,
| 2024 |  | 2023 |  | 2022
Cash Flows from Operating Activities: |  |  |  |  |
Net Income | $ | 29,709 |  |  | $ | 30,075 |  |  | $ | 48,799 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |
Undistributed Net Income of Subsidiaries | (5,151) |  |  | (9,388) |  |  | (29,849) |
Shares Issued Under the Directors’ Stock Plan | 495 |  |  | 218 |  |  | 408 |
Changes in Other Assets and Other Liabilities | (1,673) |  |  | (229) |  |  | (754) |
Net Cash Provided by Operating Activities | 23,380 |  |  | 20,676 |  |  | 18,604 |
Cash Flows from Financing Activities: |  |  |  |  |
Stock Options Exercised | 433 |  |  | 96 |  |  | 631 |
Shares Issued Under the Employee Stock Purchase Plan | 291 |  |  | 120 |  |  | 477 |
Shares Issued for Dividend Reinvestment Plans | — |  |  | 472 |  |  | 1,904 |
Purchase of Treasury Stock | (6,790) |  |  | (3,608) |  |  | (2,872) |
Cash Dividends Paid | (18,286) |  |  | (17,983) |  |  | (17,444) |
Net Cash Used in Financing Activities | (24,352) |  |  | (20,903) |  |  | (17,304) |
Net (Decrease) Increase in Cash and Cash Equivalents | (972) |  |  | (227) |  |  | 1,300 |
Cash and Cash Equivalents at Beginning of the Year | 1,305 |  |  | 1,532 |  |  | 232 |
Cash and Cash Equivalents at End of the Year | $ | 333 |  |  | $ | 1,305 |  |  | $ | 1,532 |
Supplemental Disclosures to Statements of Cash Flow Information: |  |  |  |  |
Interest Paid | $ | 685 |  |  | $ | 685 |  |  | $ | 685 |

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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/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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