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v3.25.1

Loans (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Past Due Financing Receivables | The following two tables present loan balances outstanding as of March 31, 2025 and December 31, 2024 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 $2.3 million and $759 thousand as of March 31, 2025 and December 31, 2024, 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
March 31, 2025 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 528 |  |  | $ | 146 |  |  | $ | 10,480 |  |  | $ | 3,397 |  |  | $ | 14,551 |
Loans Past Due 60-89 Days | 147 |  |  | — |  |  | 3,320 |  |  | 239 |  |  | 3,706 |
Loans Past Due 90 or more Days | 17 |  |  | 15,008 |  |  | 1,039 |  |  | 2,037 |  |  | 18,101 |
Total Loans Past Due | 692 |  |  | 15,154 |  |  | 14,839 |  |  | 5,673 |  |  | 36,358 |
Current Loans | 153,583 |  |  | 788,861 |  |  | 1,103,896 |  |  | 1,334,170 |  |  | 3,380,510 |
Total Loans | $ | 154,275 |  |  | $ | 804,015 |  |  | $ | 1,118,735 |  |  | $ | 1,339,843 |  |  | $ | 3,416,868 |
December 31, 2024 |  |  |  |  |  |  |  |  |
Loans Past Due 30-59 Days | $ | 355 |  |  | $ | — |  |  | $ | 11,211 |  |  | $ | 391 |  |  | $ | 11,957 |
Loans Past Due 60-89 Days | 156 |  |  | 318 |  |  | 5,417 |  |  | 2,685 |  |  | 8,576 |
Loans Past Due 90 or more Days | 102 |  |  | 14,902 |  |  | 2,225 |  |  | 2,239 |  |  | 19,468 |
Total Loans Past Due | 613 |  |  | 15,220 |  |  | 18,853 |  |  | 5,315 |  |  | 40,001 |
Current Loans | 158,378 |  |  | 781,145 |  |  | 1,100,128 |  |  | 1,314,889 |  |  | 3,354,540 |
Total Loans | $ | 158,991 |  |  | $ | 796,365 |  |  | $ | 1,118,981 |  |  | $ | 1,320,204 |  |  | $ | 3,394,541 |
Schedule of Non Accrual Loans by Category
|  |  | Commercial |  |  |  |  |  |
March 31, 2025 | Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
Loans 90 or More Days Past Due and Still Accruing Interest | $ | — |  |  | $ | — |  |  | $ | 8 |  |  | $ | 397 |  |  | $ | 405 |
Nonaccrual Loans | 17 |  |  | 15,008 |  |  | 1,045 |  |  | 2,542 |  |  | 18,612 |
Nonaccrual With No Allowance for Credit Loss | 17 |  |  | — |  |  | 1,045 |  |  | 2,542 |  |  | 3,604 |
Interest Income on Nonaccrual Loans | — |  |  | — |  |  | — |  |  | — |  |  | — |
December 31, 2024 |  |  |  |  |  |  |  |  |
Loans 90 or More Days Past Due and Still Accruing Interest | $ | — |  |  | $ | — |  |  | $ | 19 |  |  | $ | 379 |  |  | $ | 398 |
Nonaccrual Loans | 102 |  |  | 14,902 |  |  | 2,241 |  |  | 3,376 |  |  | 20,621 |
Allowance for Credit Losses on Financing Receivables | The following table details activity in the allowance for credit losses on loans for the three months ended March 31, 2025 and March 31, 2024:
Allowance for Credit Losses
| Commercial |  | Commercial Real Estate |  | Consumer |  | Residential |  |  |  | Total
December 31, 2024 | $ | 1,925 |  |  | $ | 14,507 |  |  | $ | 3,882 |  |  | $ | 13,284 |  |  |  |  | $ | 33,598 |
Charge-offs | $ | — |  |  | $ | — |  |  | $ | (1,519) |  |  | $ | (31) |  |  |  |  | $ | (1,550) |
Recoveries | $ | — |  |  | $ | — |  |  | $ | 704 |  |  | $ | — |  |  |  |  | $ | 704 |
Provision | $ | (124) |  |  | $ | 3,729 |  |  | $ | 1,080 |  |  | $ | 334 |  |  |  |  | $ | 5,019 |
March 31, 2025 | $ | 1,801 |  |  | $ | 18,236 |  |  | $ | 4,147 |  |  | $ | 13,587 |  |  |  |  | $ | 37,771 |
December 31, 2023 | $ | 1,958 |  |  | $ | 15,521 |  |  | $ | 2,566 |  |  | $ | 11,220 |  |  |  |  | $ | 31,265 |
Charge-offs | $ | (9) |  |  | $ | — |  |  | $ | (1,274) |  |  | $ | — |  |  |  |  | $ | (1,283) |
Recoveries | $ | — |  |  | $ | — |  |  | $ | 962 |  |  | $ | — |  |  |  |  | $ | 962 |
Provision | $ | 893 |  |  | $ | (1,353) |  |  | $ | 502 |  |  | $ | 575 |  |  |  |  | $ | 617 |
March 31, 2024 | $ | 2,842 |  |  | $ | 14,168 |  |  | $ | 2,756 |  |  | $ | 11,795 |  |  |  |  | $ | 31,561 |
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2025 and December 31, 2024:
March 31, 2025 | Collateral Type -Residential Real Estate |  | Collateral Type - Commercial Real Estate |  | Total Loans
Commercial | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate | — |  |  | 15,008 |  |  | 15,008 |
Consumer | — |  |  | — |  |  | — |
Residential | 772 |  |  | — |  |  | 772 |
Total | $ | 772 |  |  | $ | 15,008 |  |  | $ | 15,780 |
December 31, 2024 | Collateral Type -Residential Real Estate |  | Collateral Type - Commercial Real Estate |  | Total Loans
Commercial | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate | — |  |  | 14,902 |  |  | 14,902 |
Consumer | — |  |  | — |  |  | — |
Residential | 1,417 |  |  | — |  |  | 1,417 |
Total | $ | 1,417 |  |  | $ | 14,902 |  |  | $ | 16,319 |
Allowance for Credit Losses - Collectively and Individually Evaluated
| Commercial |  | Commercial Real Estate |  | Consumer |  | Residential |  |  |  | Total
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |
Ending Loan Balance - Collectively Evaluated | $ | 154,275 |  |  | $ | 789,007 |  |  | $ | 1,118,735 |  |  | $ | 1,339,071 |  |  |  |  | $ | 3,401,088 |
Allowance for Credit Losses - Loans Collectively Evaluated | 1,801 |  |  | 14,486 |  |  | 4,147 |  |  | 13,587 |  |  |  |  | 34,021 |
Ending Loan Balance - Individually Evaluated | — |  |  | 15,008 |  |  | — |  |  | 772 |  |  |  |  | 15,780 |
Allowance for Credit Losses - Loans Individually Evaluated | — |  |  | 3,750 |  |  | — |  |  | — |  |  |  |  | 3,750 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Ending Loan Balance - Collectively Evaluated | $ | 158,991 |  |  | $ | 781,463 |  |  | $ | 1,118,981 |  |  | $ | 1,318,787 |  |  |  |  | $ | 3,378,222 |
Allowance for Credit Losses - Loans Collectively Evaluated | 1,925 |  |  | 14,507 |  |  | 3,882 |  |  | 13,284 |  |  |  |  | 33,598 |
Ending Loan Balance - Individually Evaluated | — |  |  | 14,902 |  |  | — |  |  | 1,417 |  |  |  |  | 16,319 |
Allowance for Credit Losses - Loans Individually Evaluated | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Financing Receivable Credit Quality Indicators | The following tables present credit quality indicators by total loans amortized cost basis by origination year as of March 31, 2025 and December 31, 2024:
| Term Loans Amortized Cost Basis by Origination Year | Revolving Loans Amortized Cost Basis | Revolving Loan Converted to Term | Total
March 31, 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | Prior
Commercial: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 7,720 |  | $ | 41,090 |  | $ | 26,444 |  | $ | 21,475 |  | $ | 15,801 |  | $ | 23,978 |  | $ | 9,801 |  | $ | — |  | $ | 146,309 |
Special mention | 96 |  | — |  | 70 |  | 189 |  | — |  | — |  | 483 |  | — |  | 838 |
Substandard | — |  | — |  | 501 |  | 1,118 |  | — |  | 2,997 |  | 2,512 |  | — |  | 7,128 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Loans | $ | 7,816 |  | $ | 41,090 |  | $ | 27,015 |  | $ | 22,782 |  | $ | 15,801 |  | $ | 26,975 |  | $ | 12,796 |  | $ | — |  | $ | 154,275 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 9,712 |  | $ | 103,985 |  | $ | 96,978 |  | $ | 136,141 |  | $ | 107,903 |  | $ | 296,123 |  | $ | 2,578 |  | $ | — |  | $ | 753,420 |
Special mention | — |  | 2,988 |  | — |  | 12,593 |  | — |  | 3,033 |  | — |  | — |  | 18,614 |
Substandard | — |  | — |  | 346 |  | 169 |  | 322 |  | 14,765 |  | 1,371 |  | — |  | 16,973 |
Doubtful | — |  | — |  | — |  | — |  | 1,656 |  | 13,352 |  | — |  | — |  | 15,008 |
Total Commercial Real Estate Loans | $ | 9,712 |  | $ | 106,973 |  | $ | 97,324 |  | $ | 148,903 |  | $ | 109,881 |  | $ | 327,273 |  | $ | 3,949 |  | $ | — |  | $ | 804,015 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Consumer: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 105,293 |  | $ | 368,022 |  | $ | 269,633 |  | $ | 216,799 |  | $ | 105,322 |  | $ | 52,138 |  | $ | 475 |  | $ | — |  | $ | 1,117,682 |
Nonperforming | — |  | 206 |  | 162 |  | 297 |  | 291 |  | 97 |  | — |  | — |  | 1,053 |
Total Consumer Loans | $ | 105,293 |  | $ | 368,228 |  | $ | 269,795 |  | $ | 217,096 |  | $ | 105,613 |  | $ | 52,235 |  | $ | 475 |  | $ | — |  | $ | 1,118,735 |
Current-period gross charge-offs | $ | — |  | $ | 363 |  | $ | 392 |  | $ | 357 |  | $ | 317 |  | $ | 90 |  | $ | — |  | $ | — |  | $ | 1,519 |
Residential: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 29,806 |  | $ | 174,585 |  | $ | 174,559 |  | $ | 221,058 |  | $ | 179,359 |  | $ | 431,930 |  | $ | 125,606 |  | $ | — |  | $ | 1,336,903 |
Nonperforming | — |  | — |  | 201 |  | 344 |  | 201 |  | 1,937 |  | 257 |  | — |  | 2,940 |
Total Residential Loans | $ | 29,806 |  | $ | 174,585 |  | $ | 174,760 |  | $ | 221,402 |  | $ | 179,560 |  | $ | 433,867 |  | $ | 125,863 |  | $ | — |  | $ | 1,339,843 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 31 |  | $ | — |  | $ | — |  | $ | 31 |
Total Loans | $ | 152,627 |  | $ | 690,876 |  | $ | 568,894 |  | $ | 610,183 |  | $ | 410,855 |  | $ | 840,350 |  | $ | 143,083 |  | $ | — |  | $ | 3,416,868 |
Total gross charge-offs | $ | — |  | $ | 363 |  | $ | 392 |  | $ | 357 |  | $ | 317 |  | $ | 121 |  |  | $ | — |  | $ | 1,550 |
| Term Loans Amortized Cost Basis by Origination Year | Revolving Loans Amortized Cost Basis | Revolving Loan Converted to Term | Total
December 31, 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | Prior
Commercial: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 42,767 |  | $ | 28,988 |  | $ | 23,808 |  | $ | 16,941 |  | $ | 6,183 |  | $ | 19,211 |  | $ | 15,686 |  | $ | — |  | $ | 153,584 |
Special mention | 107 |  | 229 |  | 930 |  | — |  | 72 |  | — |  | 483 |  | — |  | 1,821 |
Substandard | — |  | 280 |  | 264 |  | — |  | — |  | 3,030 |  | 12 |  | — |  | 3,586 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Loans | $ | 42,874 |  | $ | 29,497 |  | $ | 25,002 |  | $ | 16,941 |  | $ | 6,255 |  | $ | 22,241 |  | $ | 16,181 |  | $ | — |  | $ | 158,991 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 9 |  | $ | — |  | $ | — |  | $ | — |  | $ | 9 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Satisfactory | $ | 90,049 |  | $ | 96,783 |  | $ | 137,146 |  | $ | 109,086 |  | $ | 115,576 |  | $ | 187,202 |  | $ | 2,799 |  | $ | — |  | $ | 738,641 |
Special mention | 3,002 |  | 200 |  | 12,680 |  | — |  | — |  | 9,506 |  | — |  | — |  | 25,388 |
Substandard | — |  | 146 |  | 172 |  | 1,985 |  | 2,309 |  | 26,853 |  | 871 |  | — |  | 32,336 |
Doubtful | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Total Commercial Real Estate Loans | $ | 93,051 |  | $ | 97,129 |  | $ | 149,998 |  | $ | 111,071 |  | $ | 117,885 |  | $ | 223,561 |  | $ | 3,670 |  | $ | — |  | $ | 796,365 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Consumer: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 386,004 |  | $ | 297,698 |  | $ | 243,484 |  | $ | 121,803 |  | $ | 48,268 |  | $ | 18,994 |  | $ | 473 |  | $ | — |  | $ | 1,116,724 |
Nonperforming | 345 |  | 424 |  | 602 |  | 593 |  | 178 |  | 115 |  | — |  | — |  | 2,257 |
Total Consumer Loans | $ | 386,349 |  | $ | 298,122 |  | $ | 244,086 |  | $ | 122,396 |  | $ | 48,446 |  | $ | 19,109 |  | $ | 473 |  | $ | — |  | $ | 1,118,981 |
Current-period gross charge-offs | $ | 1,272 |  | $ | 949 |  | $ | 1,669 |  | $ | 1,270 |  | $ | 434 |  | $ | 243 |  | $ | — |  | $ | — |  | $ | 5,837 |
Residential: |  |  |  |  |  |  |  |  |
Risk rating |  |  |  |  |  |  |  |  |
Performing | $ | 162,087 |  | $ | 177,071 |  | $ | 225,398 |  | $ | 181,934 |  | $ | 106,695 |  | $ | 334,576 |  | $ | 128,687 |  | $ | — |  | $ | 1,316,448 |
Nonperforming | — |  | 201 |  | 254 |  | 201 |  | 464 |  | 2,386 |  | 250 |  | — |  | 3,756 |
Total Residential Loans | $ | 162,087 |  | $ | 177,272 |  | $ | 225,652 |  | $ | 182,135 |  | $ | 107,159 |  | $ | 336,962 |  | $ | 128,937 |  | $ | — |  | $ | 1,320,204 |
Current-period gross charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 49 |  | $ | — |  | $ | — |  | $ | 49 |
Total Loans | $ | 684,361 |  | $ | 602,020 |  | $ | 644,738 |  | $ | 432,543 |  | $ | 279,745 |  | $ | 601,873 |  | $ | 149,261 |  | $ | — |  | $ | 3,394,541 |
Total gross charge-offs | $ | 1,272 |  | $ | 949 |  | $ | 1,669 |  | $ | 1,270 |  | $ | 443 |  | $ | 292 |  | $ | — |  | $ | — |  | $ | 5,895 |

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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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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