Arrow Financial (AROW) 10-Q27 Jul 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2023	Jul. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	0-12507
Entity Registrant Name	ARROW FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	22-2448962
Entity Address, Address Line One	250 Glen Street
Entity Address, City or Town	Glens Falls
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	12801
City Area Code	518
Local Phone Number	745-1000
Title of 12(b) Security	Common Stock, Par Value $1.00 per share
Trading Symbol	AROW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		16,553,058
Entity Central Index Key	0000717538
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
ASSETS
Cash and Due From Banks	$ 25,107	$ 31,886	$ 38,964
Interest Bearing Deposits at Banks	178,365	32,774	448,614
Investment Securities:
Available-for-Sale at Fair Value	565,693	573,495	582,428
Held-to-Maturity (Fair Value of $164,439 at March 31, 2023; $171,623 at December 31, 2022; and $195,862 at March 31, 2022)	167,347	175,364	196,661
Equity Securities	2,070	2,174	1,877
FHLB and Federal Reserve Bank Stock	10,027	6,064	4,491
Loans	3,005,352	2,983,207	2,737,267
Allowance for Credit Losses	(30,784)	(29,952)	(27,661)
Net Loans	2,974,568	2,953,255	2,709,606
Premises and Equipment, Net	58,233	56,491	48,481
Goodwill	21,873	21,873	21,873
Other Intangible Assets, Net	1,400	1,500	1,818
Other Assets	109,947	114,633	101,589
Total Assets	4,114,630	3,969,509	4,156,402
LIABILITIES
Non-interest Bearing Deposits	788,690	836,871	813,066
Interest Bearing Checking Accounts	958,490	997,694	1,154,068
Savings Deposits	1,497,326	1,454,364	1,571,274
Time Deposits over $250,000	122,827	76,224	48,288
Other Time Deposits	179,016	133,211	128,677
Total Deposits	3,546,349	3,498,364	3,715,373
Federal Home Loan Bank Overnight Advances	35,000	27,000	0
Federal Home Loan Bank Term Advances	107,800	27,800	25,000
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	20,000	20,000	20,000
Finance Leases	5,106	5,119	5,156
Other Liabilities	37,004	37,688	33,630
Total Liabilities	3,751,259	3,615,971	3,799,159
STOCKHOLDERS’ EQUITY
Preferred Stock, $1 Par Value and 1,000,000 Shares Authorized at March 31, 2023, December 31, 2022 and March 31, 2022	0	0	0
Common Stock, $1 Par Value; 30,000,000 Shares Authorized (21,423,992 Shares Issued at March 31, 2023 and December 31, 2022 and 20,800,144 at March 31, 2022)	21,424	21,424	20,800
Additional Paid-in Capital	400,944	400,270	378,758
Retained Earnings	69,499	65,401	62,328
Accumulated Other Comprehensive Loss	(43,983)	(49,655)	(20,797)
Treasury Stock, at Cost (4,870,935 Shares at March 31, 2023; 4,872,355 Shares at December 31, 2022 and 4,787,183 Shares at March 31, 2022)	(84,513)	(83,902)	(83,846)
Total Stockholders’ Equity	363,371	353,538	357,243
Total Liabilities and Stockholders’ Equity	$ 4,114,630	$ 3,969,509	$ 4,156,402

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Held-to-maturity securities, at fair value	$ 164,439	$ 171,623	$ 195,862
STOCKHOLDERS’ EQUITY
Preferred Stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Preferred Stock, shares authorized (in shares)	1,000,000	1,000,000	1,000,000
Common Stock, par value (in dollars per share)	$ 1	$ 1	$ 1
Common Stock, shares authorized (in shares)	30,000,000	30,000,000	30,000,000
Common Stock, shares issued (in shares)	21,423,992	21,423,992	20,800,144
Treasury Stock (in shares)	4,870,935	4,872,355	4,787,183

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
INTEREST AND DIVIDEND INCOME
Interest and Fees on Loans		$ 31,886	$ 25,739
Interest on Deposits at Banks		479	198
Interest and Dividends on Investment Securities:
Fully Taxable		2,948	2,189
Exempt from Federal Taxes		797	821
Total Interest and Dividend Income		36,110	28,947
INTEREST EXPENSE
Interest Bearing Checking Accounts		370	163
Savings Deposits		5,587	417
Time Deposits over $250,000		574	28
Other Time Deposits		474	109
Federal Home Loan Bank Advances		793	187
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts		169	169
Interest on Financing Leases		49	49
Total Interest Expense		8,016	1,122
NET INTEREST INCOME		28,094	27,825
Provision for Credit Losses		1,554	769
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES		26,540	27,056
NON-INTEREST INCOME
Insurance Commissions		1,520	1,511
Net (Loss) Gain on Securities		(104)	130
Net Gain on Sales of Loans		4	52
Other Operating Income		387	1,078
Total Non-interest Income		6,677	8,162
NON-INTEREST EXPENSE
Salaries and Employee Benefits		11,947	11,286
Occupancy Expenses, Net		1,628	1,598
Technology and Equipment Expense		4,417	3,779
FDIC Assessments		479	307
Other Operating Expense		3,825	1,975
Total Non-interest Expense		22,296	18,945
INCOME BEFORE PROVISION FOR INCOME TAXES		10,921	16,273
Provision for Income Taxes		2,359	3,698
NET INCOME		$ 8,562	$ 12,575
Average Shares Outstanding:
Basic (in shares)	[1]	16,552	16,511
Diluted (in shares)	[1]	16,564	16,566
Per Common Share:
Basic Earnings (in dollars per share)		$ 0.52	$ 0.76
Diluted Earnings (in dollars per share)		$ 0.52	$ 0.76
Income From Fiduciary Activities
NON-INTEREST INCOME
Revenue from contract with customer		$ 2,275	$ 2,596
Fees for Other Services to Customers
NON-INTEREST INCOME
Revenue from contract with customer		$ 2,595	$ 2,795

[1] 2022 Share and Per Share Amounts have been restated for the September 23, 2022 3% stock dividend.

Consolidated Statements of In_2

Consolidated Statements of Income (Parenthetical)	Sep. 23, 2022
Income Statement [Abstract]
Stock dividend, percent	3%

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income	$ 8,562	$ 12,575
Other Comprehensive Income (Loss), Net of Tax:
Net Unrealized Securities Holding Gain (Loss) Arising During the Period	6,099	(22,296)
Net Unrealized (Loss) Gain on Cash Flow Hedge Agreements	(593)	1,125
Reclassification of Net Unrealized Loss (Gain) on Cash Flow Hedge Agreements to Interest Expense	147	(21)
Amortization of Net Retirement Plan Actuarial (Gain) Loss	(18)	42
Amortization of Net Retirement Plan Prior Service Cost	37	6
Other Comprehensive Income (Loss)	5,672	(21,144)
Comprehensive Income (Loss)	$ 14,234	$ (8,569)

Consolidated Statements of Chan

Consolidated Statements of Changes In Stockholders' Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Stockholders' equity, beginning balance at Dec. 31, 2021		$ 371,186	$ 20,800	$ 377,996	$ 54,078	$ 347	$ (82,035)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		12,575			12,575
Other Comprehensive Income (Loss)		(21,144)				(21,144)
Cash Dividends Paid	[1]	(4,325)			(4,325)
Stock Options Exercised, Net		241		135			106
Shares Issued Under the Directors' Stock Plan		99		75			24
Shares Issued Under the Employee Stock Purchase Plan		120		89			31
Shares Issued for Dividend Reinvestment Plans		474		353			121
Stock-Based Compensation Expense		110		110
Purchases of Treasury Stock		(2,093)					(2,093)
Stockholders' equity, ending balance at Mar. 31, 2022		357,243	20,800	378,758	62,328	(20,797)	(83,846)
Stockholders' equity, beginning balance at Dec. 31, 2022		353,538	21,424	400,270	65,401	(49,655)	(83,902)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income		8,562			8,562
Other Comprehensive Income (Loss)		5,672				5,672
Cash Dividends Paid		(4,464)			(4,464)
Stock Options Exercised, Net		83		50			33
Shares Issued Under the Directors' Stock Plan		114		85			29
Shares Issued Under the Employee Stock Purchase Plan		120		87			33
Shares Issued for Dividend Reinvestment Plans		472		330			142
Stock-Based Compensation Expense		122		122
Purchases of Treasury Stock		(848)					(848)
Stockholders' equity, ending balance at Mar. 31, 2023		$ 363,371	$ 21,424	$ 400,944	$ 69,499	$ (43,983)	$ (84,513)

[1]Cash dividends paid per share have been adjusted for the September 23, 2022 3% stock dividend.

Consolidated Statements of Ch_2

Consolidated Statements of Changes In Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash Dividends Paid, per Share (in dollars per share)	$ 0.27	$ 0.262
Stock Options Exercised (in shares)	3,772	12,145
Shares Issued Under the Directors' Stock Plan (in shares)	3,418	2,784
Shares Issued Under Employee Stock Purchase Plan (in shares)	3,872	3,626
Shares Issued for Dividend Reinvestment Plans (in shares)	17,753	13,917
Purchase of Treasury Stock (in shares)	27,395	60,241

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities:
Net Income	$ 8,562	$ 12,575
Provision for Credit Losses	1,554	769
Depreciation and Amortization	1,738	1,945
Net Loss (Gain) on Securities Transactions	104	(130)
Loans Originated and Held-for-Sale	239	(974)
Proceeds from the Sale of Loans Held-for-Sale	4	1,349
Net Gain on the Sale of Loans	(4)	(52)
Net Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets	37	15
Contributions to Retirement Benefit Plans	(143)	(171)
Deferred Income Tax Expense (Benefit)	891	(462)
Shares Issued Under the Directors’ Stock Plan	114	99
Stock-Based Compensation Expense	122	110
Tax Benefit from Exercise of Stock Options	11	22
Net Decrease in Other Assets	1,792	4,477
Net Decrease in Other Liabilities	(1,801)	(2,803)
Net Cash Provided By Operating Activities	13,220	16,769
Cash Flows from Investing Activities:
Proceeds from the Maturities and Calls of Securities Available-for-Sale	15,669	21,473
Purchases of Securities Available-for-Sale	0	(75,049)
Proceeds from the Maturities and Calls of Securities Held-to-Maturity	9,328	4,699
Purchases of Securities Held-to-Maturity	(1,448)	(4,950)
Net Increase in Loans	(23,479)	(70,441)
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets	785	335
Purchase of Premises and Equipment	(2,635)	(3,123)
Net (Increase) Decrease in FHLB and Federal Reserve Bank Stock	(3,963)	889
Net Cash Used By Investing Activities	(5,743)	(126,167)
Cash Flows from Financing Activities:
Net Increase in Deposits	47,985	164,876
Net Decrease in Short-Term Federal Home Loan Bank Borrowings	8,000	0
Finance Lease Payments	(13)	(13)
Federal Home Loan Bank Advances	100,000	0
Repayments of Federal Home Loan Bank Term Advances	(20,000)	(20,000)
Purchase of Treasury Stock	(848)	(2,093)
Stock Options Exercised, Net	83	241
Shares Issued Under the Employee Stock Purchase Plan	120	120
Shares Issued for Dividend Reinvestment Plans	472	474
Cash Dividends Paid	(4,464)	(4,325)
Net Cash Provided By Financing Activities	131,335	139,280
Net Increase in Cash and Cash Equivalents	138,812	29,882
Cash and Cash Equivalents at Beginning of Period	64,660	457,696
Cash and Cash Equivalents at End of Period	203,472	487,578
Supplemental Disclosures to Statements of Cash Flow Information:
Interest on Deposits and Borrowings	7,200	1,156
Income Taxes	1,069	318
Transfer of Loans to Other Real Estate Owned and Repossessed Assets	$ 373	$ 403

Risks and Uncertainties

Risks and Uncertainties	3 Months Ended
Risks and Uncertainties	Mar. 31, 2023
Risks and Uncertainties [Abstract]
Risks and Uncertainties	RISKS AND UNCERTAINTIES Nature of Operations - Arrow Financial Corporation, a New York corporation ("Arrow," the "Company," "we," or "us"), was incorporated on March 21, 1983 and is registered as a bank holding company within the meaning of the Bank Holding Company Act of 1956. The banking subsidiaries are Glens Falls National Bank and Trust Company ("GFNB") whose main office is located in Glens Falls, New York, and Saratoga National Bank and Trust Company ("SNB") whose main office is located in Saratoga Springs, New York. The two subsidiary banks provide a full range of services to individuals and small to mid-size businesses in northeastern New York State from Albany, the State's capitol, to the Canadian border. Both banks have wealth management departments which provide investment management and administrative services. An active subsidiary of GFNB is Upstate Agency LLC, offering insurance services including property, and casualty insurance, group health insurance and individual life insurance products. North Country Investment Advisers, Inc., a registered investment adviser that provides investment advice to our proprietary mutual fund, and Arrow Properties, Inc., a real estate investment trust (REIT), are subsidiaries of GFNB. Arrow also owns directly two subsidiary business trusts, organized in 2003 and 2004 to issue trust preferred securities (TRUPs), which are still outstanding. Concentrations of Credit - With the exception of some indirect auto lending, Arrow's loans are primarily with borrowers in upstate New York. Although the loan portfolios of the subsidiary banks are well diversified, tourism has a substantial impact on the northeastern New York economy. The commitments to extend credit are fairly consistent with the distribution of loans presented in Note 5, " Loans, " generally have the same credit risk and are subject to normal credit policies. Generally, the loans are secured by assets and are expected to be repaid from cash flow or the sale of selected assets of the borrowers. Arrow evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by Arrow upon extension of credit, is based upon Management's credit evaluation of the counterparty. The nature of the collateral varies with the type of loan and may include: residential real estate, cash and securities, inventory, accounts receivable, property, plant and equipment, income producing commercial properties and automobiles. Liquidity - The objective of effective liquidity management is to ensure that Arrow has the ability to raise cash when needed at a reasonable cost. This includes the capability of meeting expected and unexpected obligations to Arrow's customers at any time. Given the uncertain nature of customer demands and the need to maximize earnings, Arrow must have available reasonably priced sources of funds, both on- and off-balance sheet, that can be accessed quickly in times of need. Arrow’s liquidity position should provide the Company with the necessary flexibility to address any unexpected near-term disruptions such as reduced cash flows from the investment and loan portfolio, unexpected deposit runoff, or increased loan originations. Arrow's primary sources of available liquidity are overnight investments in federal funds sold, interest bearing bank balances at the Federal Reserve Bank of New York, and cash flow from investment securities and loans.

Accounting Policies

Accounting Policies	3 Months Ended
Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Accounting Policies	ACCOUNTING POLICIES In the opinion of the management of Arrow, the accompanying unaudited interim consolidated financial statements contain all of the adjustments necessary to present fairly the financial position as of March 31, 2023, December 31, 2022 and March 31, 2022; the results of operations for the three month periods ended March 31, 2023 and 2022; the consolidated statements of comprehensive income for the three month periods ended March 31, 2023 and 2022; the changes in stockholders' equity for the three month periods ended March 31, 2023 and 2022; and the cash flows for the three month periods ended March 31, 2023 and 2022. All such adjustments are of a normal recurring nature. The unaudited interim consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements of Arrow for the year ended December 31, 2022 included in Arrow's Annual Report on Form 10-K for the year ended December 31, 2022 (the "2022 Form 10-K"). Management’s Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Management utilized estimates and assumptions in its evaluation of potential impairment of Arrow's right-of-use lease assets, goodwill and intangible assets. Our most significant estimate is the allowance for credit losses. Other estimates include the fair value of financial instruments, evaluation of pension and other post-retirement liabilities, an analysis of a need for a valuation allowance for deferred tax assets and a reserve for unfunded loan commitments recorded as an other liability. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term is the allowance for credit losses. In connection with the determination of the allowance for credit losses management obtains economic forecasts from reliable sources and appraisals for properties. The allowance for credit losses is management’s best estimate of the life of loan losses as of the balance sheet date. While management uses available information to recognize losses on loans, future adjustments to the allowance for credit losses may be necessary based on changes in economic conditions. Allowance for Credit Losses – Loans - Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (CECL) approach requires an estimate of the credit losses expected over the life of a loan (or pool of loans). It replaces the incurred loss approach’s threshold that required the recognition of a credit loss when it was probable that a loss event was incurred. The allowance for credit losses is a valuation account that is deducted from, or added to, the loans’ amortized cost basis to present the net lifetime amount expected to be collected on the loans. Credit losses are charged off against the allowance when management believes a loan balance is confirmed to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. Management estimates the allowance using relevant available information from internal and external sources related to past events, current conditions, and a reasonable and supportable single economic forecast. Historical credit loss experience provides the basis for the estimation of expected credit losses. Arrow's historical loss experience was supplemented with peer information when there was insufficient loss data for Arrow. Peer selection was based on a review of institutions with comparable loss experience as well as loan yield, bank size, portfolio concentration and geography. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in credit concentrations, delinquency level, collateral values and underwriting standards as well as changes in economic conditions or other relevant factors. Management judgment is required at each point in the measurement process. Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Upon adoption of CECL, management revised the manner in which loans were pooled for similar risk characteristics. Management developed portfolio segments for estimating loss based on type of borrower and collateral as follows: Commercial Loans Commercial Real Estate Loans Consumer Loans Residential Loans Further details related to loan portfolio segments is included in Note 5 Loans. Historical credit loss experience for both Arrow and segment-specific peers provides the basis for the estimation of expected credit losses. Arrow utilized regression analyses of peer data, of which Arrow is included, where observed credit losses and selected economic factors were utilized to determine suitable loss drivers for modeling lifetime probability of default (PD) rates. Arrow uses the discounted cash flow (DCF) method to estimate expected credit losses for the commercial, commercial real estate, and residential segments. For each of these loan segments, Arrow generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, PD, and segment-specific loss given default (LGD) risk factors. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data and adjusted, if necessary, based on the reasonable and supportable forecast of economic conditions. For the loan segments utilizing the DCF method, (commercial, commercial real estate, and residential) management utilizes externally developed economic forecast of the following economic factors as loss drivers: national unemployment, gross domestic product and home price index (HPI). The economic forecast is applied over a reasonable and supportable forecast period. Arrow utilizes a six quarter reasonable and supportable forecast period with an eight quarter reversion to the historic mean on a straight-line basis. The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value (NPV) of expected cash flows. An allowance for credit loss is established for the difference between the instrument’s NPV and amortized cost basis. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring (TDR) will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by Arrow. Arrow uses the vintage analysis method to estimate expected credit losses for the consumer loan segment. The vintage method was selected since the loans within the consumer loan segment are homogeneous, not just by risk characteristic, but by loan structure. Under the vintage analysis method, a loss rate is calculated based on the quarterly net charge-offs to the outstanding loan balance for each vintage year over the lookback period. Once this periodic loss rate is calculated for each quarter in the lookback period, the periodic rates are averaged into the loss rate. The loss rate is then applied to the outstanding loan balances based on the loan's vintage year. Arrow maintains, over the life of the loan, the loss curve by vintage year. If estimated losses computed by the vintage method need to be adjusted based on current conditions and the reasonable and supportable economic forecast, these adjustments would be incorporated over a six quarter reasonable and supportable forecast period, reverting to historical losses using a straight-line method over an eight quarter period. Based on current conditions and the reasonable and supportable economic forecast, no adjustment to the loss rate for each vintage is currently required. The vintage and DCF models also consider the need to qualitatively adjust expected loss estimates for information not already captured in the quantitative loss estimation process. Qualitative considerations include limitations inherent in the quantitative model; trends experienced in nonperforming and delinquent loans; changes in value of underlying collateral; changes in lending policies and procedures; nature and composition of loans; portfolio concentrations that may affect loss experience across one or more components or the portfolio; the experience, ability and depth of lending management and staff; Arrow's credit review system; and the effect of external factors such as competition, legal and regulatory requirements. These qualitative factor adjustments may increase or decrease Arrow's estimate of expected credit losses so that the allowance for credit loss is reflective of the estimate of lifetime losses that exist in the loan portfolio at the balance sheet date. All loans not included in the vintage analysis method that exceed $250,000 which are on nonaccrual, are evaluated on an individual basis. For collateral dependent financial assets where Arrow has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and Arrow expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, Arrow has elected a practical expedient to measure the allowance for credit loss as the difference between the fair value of the collateral less cost to sell, and the amortized cost basis of the asset as of the measurement date. In the event the repayment of a collateral dependent financial asset is expected to be provided substantially through the operating of the collateral, Arrow will use fair value of the collateral at the reporting date when recording the net carrying amount of the asset and determining the allowance for credit losses. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The allowance for credit losses may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. ASU No. 2022-02, “ Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), was issued in March 2022 to provide updates on the accounting treatment for TDRs and related disclosures requirements, as well as modifying the disclosure requirement associated with the existing credit quality indicators “vintage” disclosure. With respect to TDRs, ASU 2022-02 eliminates the recognition and measurement guidance for TDRs under current GAAP and instead requires that Arrow evaluate whether the modification represents a new loan or a continuation of an existing loan, consistent with the current GAAP treatment for other loan modifications. In addition, ASU 2022-02 eliminates existing disclosure requirements on TDRs and replaces with enhanced disclosure requirements related to certain loan modifications made to borrowers experiencing financial difficulty. ASU 2022-02 also provides an update to the existing credit quality indicators “vintage” tabular disclosure requiring current period gross write-offs to be disclosed by year of origination for each loan segment. The provisions of ASU 2022-02 were effective January 1, 2023 and Arrow adopted the provisions on a prospective basis. Historical disclosures on TDRs were removed from this report in accordance with the provisions of this ASU. The adoption of this ASU did not have a material impact on the consolidated financial statements. Estimated Credit Losses on Off-Balance Sheet Credit Exposures Recognized as Other Liabilities - Arrow estimates expected credit losses over the contractual period in which Arrow has exposure to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by Arrow. The allowance for credit losses on off-balance sheet credit exposures recognized in other liabilities, is adjusted as an expense in other non-interest expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated lives. Estimating credit losses on unfunded commitments requires Arrow to consider the following categories of off-balance sheet credit exposure: unfunded commitments to extend credit, unfunded lines of credit, and standby letters of credit. Each of these unfunded commitments is then analyzed for a probability of funding to calculate a probable funding amount. The life of loan loss factor by related portfolio segment from the loan allowance for credit loss calculation is then applied to the probable funding amount to calculate the estimated credit losses on off-balance sheet credit exposures recognized as other liabilities. Accrued Interest Receivable - Upon adoption of CECL on January 1, 2021, Arrow made the following elections regarding accrued interest receivable: (1) presented accrued interest receivable balances separately within the other assets balance sheet line item; (2) excluded interest receivable that is included in amortized cost of financing receivables from related disclosures requirements and (3) continued its policy to write off accrued interest receivable by reversing interest income. For loans, write off typically occurs upon becoming over 90 to 120 days past due and therefore the amount of such write offs are immaterial. Historically, Arrow has not experienced uncollectible accrued interest receivable on investment securities. Allowance for Credit Losses – Held-to-Maturity (HTM) Debt Securities - Arrow's HTM debt securities are also required to utilize the CECL approach to estimate expected credit losses. Management measures expected credit losses on HTM debt securities on a collective basis by major security types that share similar risk characteristics, such as financial asset type and collateral type adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. government agency or U.S. government sponsored mortgage-backed and collateralized mortgage obligations securities, and state and municipal debt securities. The mortgage-backed and collateralized mortgage obligations HTM securities are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government as to timely repayment of principal and interest, are highly rated by major rating agencies, and have a long history of no credit losses. Therefore, Arrow did not record a credit loss for these securities. State and municipal bonds carry an investment grade from an accredited ratings agency, primarily with an investment grade rating. In addition, Arrow has a limited amount of New York state local municipal bonds that are not rated. The estimate of expected credit losses on the HTM portfolio is based on the expected cash flows of each individual CUSIP over its contractual life and utilized a municipal loss forecast model for determining PD and LGD rates. Management may exercise discretion to make adjustments based on environmental factors. A calculated expected credit loss for individual securities was determined using the PD and LGD rates. Arrow determined that the expected credit loss on its municipal bond portfolio was de minimis, and therefore, an allowance for credit losses was not recorded. Allowance for Credit Losses – Available-for-Sale (AFS) Debt Securities - The impairment model for AFS debt securities differs from the CECL approach utilized by HTM debt securities since AFS debt securities are measured at fair value rather than amortized cost. For AFS debt securities in an unrealized loss position, Arrow first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, in making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, adverse conditions specifically related to the security, failure of the issuer of the debt security to make scheduled interest or principal payments, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. The cash flows are estimated using information relevant to the collectability of the security, including information about past events, current conditions and reasonable and supportable forecasts. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Investments in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB) stock are required for membership in those organizations and are carried at cost since there is no market value available. The FHLB New York (FHLBNY) continues to pay dividends and repurchase stock. As such, the Company has not recognized any impairment on its holdings of FRB and FHLB stock.

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
Cash and Cash Equivalents	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	ASH AND CASH EQUIVALENTS (In Thousands) The following table is the schedule of Cash and Cash Equivalents at March 31, 2023, December 31, 2022 and March 31, 2022: March 31, 2023 December 31, 2022 March 31, 2022 Cash and Due From Banks $ 25,107 $ 31,886 $ 38,964 Interest Bearing Deposits at Banks 178,365 32,774 448,614 Total Cash and Cash Equivalents $ 203,472 64,660 487,578 The decline in cash from March 31, 2022 to December 31, 2022 was primarily the result of record loan growth in 2022 and a decrease in deposits in the fourth quarter of 2022. The increase in cash in the first quarter of 2023 was primarily due to an increase of deposits and $80 million of additional FHLB term advances to enhance the Company's liquidity position in light of recent industry events.

Investment Securities

Investment Securities	3 Months Ended
Investment Securities	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment Securities	INVESTMENT SECURITIES (In Thousands) The following table is the schedule of Available-For-Sale Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total March 31, 2023 Available-For-Sale Securities, $ 190,000 $ 320 $ 431,754 $ 1,000 $ 623,074 Gross Unrealized Gains — — 160 — 160 Gross Unrealized Losses (12,415) — (44,926) (200) (57,541) Available-For-Sale Securities, 177,585 320 386,988 800 565,693 Available-For-Sale Securities, 360,153 Maturities of Debt Securities, Within One Year $ 15,000 $ — $ 892 $ — $ 15,892 From 1 - 5 Years 175,000 — 239,803 — 414,803 From 5 - 10 Years — 320 191,059 1,000 192,379 Over 10 Years — — — — — Maturities of Debt Securities, Within One Year $ 14,769 $ — $ 866 $ — $ 15,635 From 1 - 5 Years 162,816 — 221,904 — 384,720 From 5 - 10 Years — 320 164,218 800 165,338 Over 10 Years — — — — — Securities in a Continuous Less than 12 Months $ 54,058 $ — $ 27,106 $ — $ 81,164 12 Months or Longer 123,526 — 346,733 800 471,059 Total $ 177,584 $ — $ 373,839 $ 800 $ 552,223 Number of Securities in a 25 — 150 1 176 Unrealized Losses on Less than 12 Months $ 942 $ — $ 891 $ — $ 1,833 12 Months or Longer 11,473 — 44,035 200 55,708 Total $ 12,415 $ — $ 44,926 $ 200 $ 57,541 Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total Disaggregated Details: US Agency Obligations, $ 190,000 US Agency Obligations, 177,585 US Government Agency $ 7,782 US Government Agency 7,321 Government Sponsored Entity 423,972 Government Sponsored Entity 379,667 December 31, 2022 Available-For-Sale Securities, $ 190,000 $ 340 $ 447,755 $ 1,000 $ 639,095 Gross Unrealized Gains 15 — 65 — 80 Gross Unrealized Losses (14,816) — (50,664) (200) (65,680) Available-For-Sale Securities, 175,199 340 397,156 800 573,495 Available-For-Sale Securities, 308,266 Securities in a Continuous Less than 12 Months $ 66,690 $ — $ 183,868 $ — $ 250,558 12 Months or Longer 93,493 — 199,262 800 293,555 Total $ 160,183 $ — $ 383,130 $ 800 $ 544,113 Number of Securities in a 23 — 150 1 174 Unrealized Losses on Less than 12 Months $ 3,310 $ — $ 18,756 $ — $ 22,066 12 Months or Longer 11,506 — 31,908 200 43,614 Total $ 14,816 $ — $ 50,664 $ 200 $ 65,680 Disaggregated Details: US Agency Obligations, $ 190,000 US Agency Obligations, 175,199 US Government Agency $ 7,934 US Government Agency 7,433 Government Sponsored Entity 439,821 Government Sponsored Entity 389,723 Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total March 31, 2022 Available-For-Sale Securities, $ 140,000 $ 380 $ 471,829 $ 1,000 $ 613,209 Gross Unrealized Gains 21 — 211 — 232 Gross Unrealized Losses (7,277) — (23,536) (200) (31,013) Available-For-Sale Securities, 132,744 380 448,504 800 582,428 Available-For-Sale Securities, 397,138 Securities in a Continuous Less than 12 Months $ 43,518 $ — $ 358,688 $ — $ 402,206 12 Months or Longer 84,205 — 74,546 800 159,551 Total $ 127,723 $ — $ 433,234 $ 800 $ 561,757 Number of Securities in a 18 — 129 1 148 Unrealized Losses on Securities Less than 12 Months $ 1,482 $ — $ 16,949 $ — $ 18,431 12 Months or Longer 5,795 — 6,587 200 12,582 Total $ 7,277 $ — $ 23,536 $ 200 $ 31,013 Disaggregated Details: US Agency Obligations, $ 140,000 US Agency Obligations, 132,744 US Government Agency $ 8,853 US Government Agency 8,667 Government Sponsored Entity 462,976 Government Sponsored Entity 439,837 At March 31, 2023, there was no allowance for credit losses for the AFS debt securities portfolio. The following table is the schedule of Held-To-Maturity Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Held-To-Maturity Securities State and Mortgage- Total March 31, 2023 Held-To-Maturity Securities, $ 156,314 $ 11,033 $ 167,347 Gross Unrealized Gains 2 — 2 Gross Unrealized Losses (2,421) (489) (2,910) Held-To-Maturity Securities, 153,895 10,544 164,439 Held-To-Maturity Securities, 146,902 Held-To-Maturity Securities State and Mortgage- Total Maturities of Debt Securities, Within One Year $ 82,142 $ — $ 82,142 From 1 - 5 Years 71,828 11,033 82,861 From 5 - 10 Years 2,312 — 2,312 Over 10 Years 32 — 32 Maturities of Debt Securities, Within One Year $ 81,554 $ — $ 81,554 From 1 - 5 Years 70,001 10,544 80,545 From 5 - 10 Years 2,308 — 2,308 Over 10 Years 32 — 32 Securities in a Continuous Less than 12 Months $ 43,121 $ — $ 43,121 12 Months or Longer 90,439 10,544 100,983 Total $ 133,560 $ 10,544 $ 144,104 Number of Securities in a 386 16 402 Unrealized Losses on Securities Less than 12 Months $ 496 $ — $ 496 12 Months or Longer 1,925 489 2,414 Total $ 2,421 $ 489 $ 2,910 Disaggregated Details: US Government Agency $ 3,699 US Government Agency 3,522 Government Sponsored Entity 7,334 Government Sponsored Entity 7,022 Held-To-Maturity Securities State and Mortgage- Total December 31, 2022 Held-To-Maturity Securities, $ 163,600 $ 11,764 $ 175,364 Gross Unrealized Gains 1 — 1 Gross Unrealized Losses (3,131) (611) (3,742) Held-To-Maturity Securities, 160,470 11,153 171,623 Held-To-Maturity Securities, 142,982 Securities in a Continuous Less than 12 Months $ 137,773 $ 11,153 $ 148,926 12 Months or Longer — — — Total $ 137,773 $ 11,153 $ 148,926 Number of Securities in a 397 16 413 Unrealized Losses on Less than 12 Months $ 3,131 $ 611 $ 3,742 12 Months or Longer — — — Total $ 3,131 $ 611 $ 3,742 Disaggregated Details: US Government Agency $ 3,898 US Government Agency 3,687 Government Sponsored Entity 7,866 Government Sponsored Entity 7,466 Held-To-Maturity Securities State and Mortgage- Total March 31, 2022 Held-To-Maturity Securities, $ 181,832 $ 14,829 $ 196,661 Gross Unrealized Gains 180 — 180 Gross Unrealized Losses (832) (147) (979) Held-To-Maturity Securities, 181,180 14,682 195,862 Held-To-Maturity Securities, 176,635 Securities in a Continuous Less than 12 Months $ 96,088 $ 14,465 $ 110,553 12 Months or Longer — — — Total $ 96,088 $ 14,465 $ 110,553 Number of Securities in a 258 23 281 Unrealized Losses on Less than 12 Months $ 832 $ 147 $ 979 12 Months or Longer — — — Total $ 832 $ 147 $ 979 March 31, 2022 Disaggregated Details: US Government Agency $ 4,954 US Government Agency 4,900 Government Sponsored Entity 9,875 Government Sponsored Entity 9,782 In the tables above, maturities of mortgage-backed securities are included based on their contractual average lives. Actual maturities will differ because issuers may have the right to call or prepay obligations with or without prepayment penalties. Arrow's investment policy requires that investments held in our portfolio be investment grade or better at the time of purchase. Arrow performs an analysis of the creditworthiness of municipal obligations to determine if a security is of investment grade. The analysis may include but may not solely rely upon credit analysis conducted by external credit rating agencies. Arrow evaluates AFS debt securities in unrealized loss positions at each measurement date to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or non-credit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized within the allowance for credit losses on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings via credit loss expense. Arrow determined that at March 31, 2023, gross unrealized losses were primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Arrow does not intend to sell, nor is it more likely than not that Arrow will be required to sell any securities before recovery of its amortized cost basis, which may be at maturity. Therefore, Arrow carried no allowance for credit loss at March 31, 2023 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the three months ended March 31, 2023. Arrow's HTM debt securities are comprised of U.S. government-sponsored enterprises (GSEs) or state and municipal obligations. GSE securities carry the explicit and/or implicit guarantee of the U.S. government, are widely recognized as “risk free,” and have a long history of zero credit loss. Arrow determined that the expected credit loss on its HTM debt portfolio was immaterial and therefore no allowance for credit loss was recorded as of March 31, 2023. The following table is the schedule of Equity Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Equity Securities March 31, 2023 December 31, 2022 March 31, 2022 Equity Securities, at Fair Value $2,070 $2,174 $1,877 The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the three month periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Net (Loss) Gain on Equity Securities $ (104) $ 130 Less: Net gain recognized during the reporting period on equity securities sold during the period — — Unrealized net (loss) gain recognized during the reporting period on equity securities still held at the reporting date $ (104) $ 130

Loans

Loans	3 Months Ended
Loans	Mar. 31, 2023
Receivables [Abstract]
Loans	LOANS (In Thousands) Loan Categories and Past Due Loans The following two tables present loan balances outstanding as of March 31, 2023 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 $417, $656 and $831 as of March 31, 2023, December 31, 2022 and March 31, 2022, 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, 2023 Loans Past Due 30-59 Days $ 62 $ — $ 11,237 $ 1,593 $ 12,892 Loans Past Due 60-89 Days 47 — 4,439 — 4,486 Loans Past Due 90 or more Days — — 3,005 3,143 6,148 Total Loans Past Due 109 — 18,681 4,736 23,526 Current Loans 135,808 715,357 1,054,688 1,075,973 2,981,826 Total Loans $ 135,917 $ 715,357 $ 1,073,369 $ 1,080,709 $ 3,005,352 December 31, 2022 Loans Past Due 30-59 Days $ 48 $ 370 $ 13,657 $ 1,833 $ 15,908 Loans Past Due 60-89 Days 33 — 4,517 112 4,662 Loans Past Due 90 or more Days 44 — 3,503 4,790 8,337 Total Loans Past Due 125 370 21,677 6,735 28,907 Current Loans 140,168 706,652 1,043,458 1,064,022 2,954,300 Total Loans $ 140,293 $ 707,022 $ 1,065,135 $ 1,070,757 $ 2,983,207 March 31, 2022 Loans Past Due 30-59 Days $ 69 $ — $ 6,631 $ 2,565 $ 9,265 Loans Past Due 60-89 Days 89 — 2,562 267 2,918 Loans Past Due 90 or more Days — 346 1,041 1,531 2,918 Total Loans Past Due 158 346 10,234 4,363 15,101 Current Loans 155,309 638,091 966,414 962,352 2,722,166 Total Loans $ 155,467 $ 638,437 $ 976,648 $ 966,715 $ 2,737,267 Schedule of Non Accrual Loans by Category Commercial March 31, 2023 Commercial Real Estate Consumer Residential Total Loans 90 or More Days Past Due $ — $ — $ — $ 241 $ 241 Nonaccrual Loans 8 3,085 3,123 4,636 10,852 Nonaccrual With No Allowance for Credit Loss 8 3,085 3,123 4,636 10,852 Interest Income on Nonaccrual Loans — — — — — December 31, 2022 Loans 90 or More Days Past Due $ 44 $ — $ — $ 1,113 $ 1,157 Nonaccrual Loans 8 3,110 3,503 4,136 10,757 March 31, 2022 Loans 90 or More Days Past Due $ — $ — $ — $ 55 $ 55 Nonaccrual Loans 70 6,360 1,155 2,165 9,750 Arrow disaggregates its loan portfolio into the following four categories: Commercial - Arrow offers a variety of loan options to meet the specific needs of our commercial customers including term loans, time notes and lines of credit. Such loans are made available to businesses for working capital needs such as inventory and receivables, business expansion and equipment purchases. Generally, a collateral lien is placed on equipment or other assets owned by the borrower. Generally, these loans carry a higher risk than commercial real estate loans due to the nature of the underlying collateral, which can be business assets such as equipment and accounts receivable and generally have a lower liquidation value than real estate. In the event of default by the borrower, Arrow may be required to liquidate collateral at deeply discounted values. To reduce the risk, management usually obtains personal guarantees to support the borrowing, as permitted by applicable law. Commercial Real Estate - Arrow offers commercial real estate loans to finance real estate purchases, refinancings, expansions and improvements to commercial properties. Commercial real estate loans are made to finance the purchases of real property which generally consists of real estate with completed structures. These commercial real estate loans are typically secured by first liens on the real estate, which may include apartments, commercial structures, housing businesses, healthcare facilities, and both owner- and non-owner-occupied facilities. These loans are typically less risky than commercial loans, since they are secured by real estate and buildings, and are generally originated in amounts of no more than 80% of the appraised value of the property. However, Arrow also offers commercial construction and land development loans to finance projects. Many projects will ultimately be used by the borrowers' businesses, while others are developed for resale. These real estate loans are also typically secured by first liens on the real estate, which may include apartments, commercial structures, housing businesses, healthcare facilities and both owner-occupied and non-owner-occupied facilities. There is enhanced risk during the construction period, since the loan is secured by an incomplete project. Consumer Loans - This category is primarily comprised of automobile loans. Arrow primarily finances the purchases of automobiles indirectly through dealer relationships located throughout upstate New York and Vermont. Most automobile loans carry a fixed rate of interest with principal repayment terms typically ranging from three one Residential - Residential real estate loans consist primarily of loans secured by first or second mortgages on primary residences. Arrow originates fixed-rate and adjustable-rate one-to-four-family residential real estate loans for the construction, purchase of real estate or refinancing of an existing mortgage. These loans are collateralized primarily by owner-occupied properties generally located in Arrow's market area. Loans on one-to-four-family residential real estate are generally originated in amounts of no more than 80% of the purchase price or appraised value (whichever is lower), or have private mortgage insurance. Arrow’s underwriting analysis for residential mortgage loans typically includes credit verification, independent appraisals, and a review of the borrower’s financial condition. Mortgage title insurance and hazard insurance are normally required. It is Arrow's general practice to underwrite residential real estate loans to secondary market standards. Construction loans have a unique risk, because they are secured by an incomplete dwelling. This risk is reduced through periodic site inspections, including one at each loan draw period. In addition, Arrow offers fixed home equity loans, as well as home equity lines of credit to consumers to finance home improvements, debt consolidation, education and other uses. Arrow's policy allows for a maximum loan to value ratio of 80%, although periodically higher advances are allowed. Arrow originates home equity lines of credit and second mortgage loans (loans secured by a second junior lien position on one-to-four-family residential real estate). Risk is generally reduced through underwriting criteria, which include credit verification, appraisals, a review of the borrower's financial condition, and personal cash flows. A security interest, with title insurance when necessary, is taken in the underlying real estate. Allowance for Credit Losses Loan segments were selected by class code and application code to ensure each segment is comprised of loans with homogenous loan characteristics and similar risk profiles. The resulting loan segments are commercial, commercial real estate, consumer and residential real estate loans. The consumer segment is mainly comprised of automobile loans, and since they are relatively short-term in nature, with similar dollar amounts and collateral, the vintage analysis method was selected to determine the credit loss reserve. The vintage method utilizes Arrow loan data exclusively as the method calculates a loss rate based on the total origination balance of the loans by year and the charge-off and recovery rate of the same origination year. Arrow maintains, over the life of the loan, the loss curve by vintage year. The discounted cash flow method (DCF) is used to calculate the reserve for credit losses for the commercial, commercial real estate and residential real estate segments. The March 31, 2023 allowance for credit losses calculation incorporated a reasonable and supportable forecast period to account for economic conditions utilized in the measurement. The quantitative model utilized an economic forecast sourced from reputable third-parties that reflects the economic conditions with an improvement of approximately 0.18% in the national unemployment rate during the six-quarter forecast period, while forecasted gross domestic product projected a slight improvement of approximately 0.07%. The home price index (HPI) forecast declined approximately 4.07% from the previous quarter level. Key assumptions utilized in the CECL calculation include loan segmentation, loan loss regression analysis, reasonable and supportable forecast period, reversion period, DCF inputs including economic forecast data and prepayment and curtailment speeds and qualitative factors. Key assumptions are reviewed and approved on a quarterly basis. There were no assumption changes for the first quarter calculation. Driven by current economic forecasts, loan growth and net charge offs during the quarter, the first quarter provision for credit losses was $1.6 million. The provision is directionally consistent with both the latest economic forecasts as well as first quarter activity. Management's evaluation considers the allowance for credit losses for loans to be appropriate as of March 31, 2023. The following table details activity in the allowance for credit losses on loans for the three months ended March 31, 2023 and March 31, 2022: Allowance for Credit Losses Rollforward of the Allowance for Credit Losses for the Quarterly Period: Commercial Commercial Real Estate Consumer Residential Total December 31, 2022 $ 1,961 $ 15,213 $ 2,585 $ 10,193 $ 29,952 Charge-offs $ — $ — $ (1,328) $ — $ (1,328) Recoveries $ — $ — $ 606 $ — $ 606 Provision $ (224) $ 289 $ 1,000 $ 489 $ 1,554 March 31, 2023 $ 1,737 $ 15,502 $ 2,863 $ 10,682 $ 30,784 December 31, 2021 $ 2,298 $ 13,136 $ 2,402 $ 9,445 $ 27,281 Charge-offs — — (799) (30) $ (829) Recoveries 8 — 432 — $ 440 Provision 209 406 475 (321) $ 769 March 31, 2022 $ 2,515 $ 13,542 $ 2,510 $ 9,094 $ 27,661 Estimated Credit Losses on Off-Balance Sheet Credit Exposures Recognized as Other Liabilities Financial instrument credit losses apply to off-balance sheet credit exposures such as unfunded loan commitments and standby letters of credit. A liability for expected credit losses for off-balance sheet exposures is recognized if the entity has a present contractual obligation to extend the credit and the obligation is not unconditionally cancellable by the entity. Changes in this allowance are reflected in other operating expenses within the non-interest expense category. As of March 31, 2023, the total unfunded commitment off-balance sheet credit exposure was $1.8 million. Individually Evaluated Loans All loans not included in the vintage analysis method that exceed $250,000, which are on nonaccrual status, are evaluated on an individual basis. Arrow made the policy election to apply a practical expedient for collateral dependent financial assets when the borrower is experiencing financial difficulty and the repayment is expected through the sale of the collateral. This allows Arrow to use fair value of the collateral at the reporting date adjusted for estimated cost to sell when recording the net carrying amount of the asset and determining the allowance for credit losses for a financial asset. In the event where the repayment of a collateral dependent financial asset is expected to be provided substantially through the operating of the collateral, Arrow will use fair value of the collateral at the reporting date when recording the net carrying amount of the asset and determining the allowance for credit losses. As of March 31, 2023, there were five total relationships identified to be evaluated for loss on an individual basis which had an amortized cost basis of $5.0 million and none had an allowance for credit loss. The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2023, December 31, 2022 and March 31, 2022: March 31, 2023 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 3,027 3,027 Consumer — — — Residential 1,949 — 1,949 Total $ 1,949 $ 3,027 $ 4,976 December 31, 2022 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 3,110 3,110 Consumer — — — Residential 1,963 — 1,963 Total $ 1,963 $ 3,110 $ 5,073 March 31, 2022 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 6,014 6,014 Consumer — — — Residential 415 — 415 Total $ 415 $ 6,014 $ 6,429 Allowance for Credit Losses - Collectively and Individually Evaluated Commercial Commercial Real Estate Consumer Residential Total March 31, 2023 Ending Loan Balance - Collectively Evaluated $ 135,917 $ 712,330 $ 1,073,369 $ 1,078,760 $ 3,000,376 Allowance for Credit Losses - Loans Collectively Evaluated 1,737 15,502 2,863 10,682 30,784 Ending Loan Balance - Individually Evaluated — 3,027 — 1,949 4,976 Allowance for Credit Losses - Loans Individually Evaluated — — — — — December 31, 2022 Ending Loan Balance - Collectively Evaluated $ 140,293 $ 703,912 $ 1,065,135 $ 1,068,794 $ 2,978,134 Allowance for Credit Losses - Loans Collectively Evaluated 1,961 15,213 2,585 10,193 $ 29,952 Ending Loan Balance - Individually Evaluated — 3,110 — 1,963 5,073 Allowance for Credit Losses - Loans Individually Evaluated — — — — — March 31, 2022 Ending Loan Balance - Collectively Evaluated $ 155,467 $ 632,423 $ 976,648 $ 966,300 $ 2,730,838 Allowance for Credit Losses - Loans Collectively Evaluated 2,515 12,960 2,510 9,094 27,079 Ending Loan Balance - Individually Evaluated — 6,014 — 415 6,429 Allowance for Credit Losses - Loans Individually Evaluated — 582 — — 582 Through the provision for credit losses, an allowance for credit losses is maintained that reflects the best estimate of the calculated expected credit losses in Arrow's loan portfolio as of the balance sheet date. Additions are made to the allowance for credit losses through a periodic provision for credit losses. Actual credit losses are charged against the allowance for credit losses when loans are deemed uncollectible and recoveries of amounts previously charged off are recorded as credits to the allowance for credit losses. Arrow's loan officers and risk managers meet at least quarterly to discuss and review the conditions and risks associated with certain criticized and classified commercial-related relationships. In addition, the independent internal loan review department performs periodic reviews of the credit quality indicators on individual loans in the commercial loan portfolio. Arrow considers the need to qualitatively adjust expected credit loss estimates for information not already captured in the loss estimation process. These qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments are not made for information that has already been considered and included in the loss estimation process. Arrow considers the qualitative factors that are relevant as of the reporting date, which may include, but are not limited to the following factors: • The nature and volume of Arrow's financial assets; • The existence, growth, and effect of any concentrations of credit; • The volume and severity of past due loans, the volume of nonaccrual loans, and the volume and severity of adversely classified or graded loans; • The value of the underlying collateral for loans that are not collateral-dependent; • Arrow's lending policies and procedures, including changes in underwriting standards and practices for collections, write-offs, and recoveries; • The quality of Arrow's loan review function; • The experience, ability, and depth of Arrow's lending, investment, collection, and other relevant management/staff; • The effect of other external factors such as the regulatory, legal and technological environments; competition; and events such as natural disasters; • Actual and expected changes in international, national, regional, and local economic and business conditions and developments in which the institution operates that affect the collectability of financial assets; and, • Other qualitative factors not reflected in quantitative loss rate calculations. Loan Credit Quality Indicators The Company adopted ASU 2022-02, "Financial Instruments - Credit Losses (Topic 326)" ("ASU 2022-02") effective January 1, 2023. ASU 2022-02 requires that entities disclose current-period gross charge-offs by year of origination for loans and leases, which has been incorporated in the credit quality table below. There were no new borrowers experiencing financial difficulty in the first quarter of 2023, and only one new immaterial TDR in the first quarter of 2022. The following tables present credit quality indicators by total loans amortized cost basis by origination year as of March 31, 2023, December 31, 2022 and March 31, 2022: Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total March 31, 2023 2023 2022 2021 2020 2019 Prior Commercial: Risk rating Satisfactory $ 4,727 $ 35,164 $ 26,254 $ 12,765 $ 6,830 $ 35,014 $ 8,095 $ — $ 128,849 Special mention — — — 150 — 26 26 — 202 Substandard — — — 230 420 3,420 2,796 — 6,866 Doubtful — — — — — — — — — Total Commercial Loans $ 4,727 $ 35,164 $ 26,254 $ 13,145 $ 7,250 $ 38,460 $ 10,917 $ — $ 135,917 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate: Risk rating Satisfactory $ 12,605 $ 157,534 $ 115,019 $ 122,364 $ 42,710 $ 212,115 $ 1,679 $ — $ 664,026 Special mention — — — — — 5,043 — — 5,043 Substandard — 10,150 — 5,472 806 29,832 28 — 46,288 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 12,605 $ 167,684 $ 115,019 $ 127,836 $ 43,516 $ 246,990 $ 1,707 $ — $ 715,357 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Risk rating Performing $ 71,838 $ 379,339 $ 261,675 $ 138,034 $ 75,650 $ 143,190 $ — $ — $ 1,069,726 Nonperforming — 1,030 1,090 434 261 371 457 — 3,643 Total Consumer Loans $ 71,838 $ 380,369 $ 262,765 $ 138,468 $ 75,911 $ 143,561 $ 457 $ — $ 1,073,369 Current-period gross charge-offs $ 55 $ 305 $ 570 $ 213 $ 111 $ 74 $ — $ — $ 1,328 Residential: Risk rating Performing $ 15,565 $ 219,336 $ 197,436 $ 124,992 $ 80,986 $ 323,945 $ 113,220 $ — $ 1,075,480 Nonperforming — 550 435 939 636 2,462 207 — 5,229 Total Residential Loans $ 15,565 $ 219,886 $ 197,871 $ 125,931 $ 81,622 $ 326,407 $ 113,427 $ — $ 1,080,709 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total Loans $ 104,735 $ 803,103 $ 601,909 $ 405,380 $ 208,299 $ 755,418 $ 126,508 $ — $ 3,005,352 Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total December 31, 2022 2022 2021 2020 2019 2018 Prior Commercial: Risk rating Satisfactory $ 42,038 $ 28,718 $ 16,870 $ 7,857 $ 8,129 $ 20,379 $ 8,909 $ — $ 132,900 Special mention — — — — — 30 30 — 60 Substandard — — 255 478 — 3,464 3,136 — 7,333 Doubtful — — — — — — — — — Total Commercial Loans $ 42,038 $ 28,718 $ 17,125 $ 8,335 $ 8,129 $ 23,873 $ 12,075 $ — $ 140,293 Commercial Real Estate: Risk rating Satisfactory $ 152,858 $ 115,111 $ 121,811 $ 43,647 $ 63,913 $ 159,876 $ 1,603 $ — $ 658,819 Special mention 9,678 — — — 789 241 — — 10,708 Substandard 607 — 5,807 812 4,371 25,677 221 — 37,495 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 163,143 $ 115,111 $ 127,618 $ 44,459 $ 69,073 $ 185,794 $ 1,824 $ — $ 707,022 Consumer: Risk rating Performing $ 482,530 $ 284,831 $ 154,819 $ 88,165 $ 38,852 $ 12,032 $ 504 $ — $ 1,061,733 Nonperforming 758 1,468 607 325 157 87 — — 3,402 Total Consumer Loans $ 483,288 $ 286,299 $ 155,426 $ 88,490 $ 39,009 $ 12,119 $ 504 $ — $ 1,065,135 Residential: Risk rating Performing $ 210,565 $ 198,195 $ 128,372 $ 82,965 $ 74,281 $ 259,787 $ 111,563 $ — $ 1,065,728 Nonperforming — 255 939 597 520 2,311 407 — 5,029 Total Residential Loans $ 210,565 $ 198,450 $ 129,311 $ 83,562 $ 74,801 $ 262,098 $ 111,970 $ — $ 1,070,757 Total Loans $ 899,034 $ 628,578 $ 429,480 $ 224,846 $ 191,012 $ 483,884 $ 126,373 $ — $ 2,983,207 Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total March 31, 2022 2022 2021 2020 2019 2018 Prior Commercial: Risk rating Satisfactory $ 8,048 $ 49,980 $ 31,869 $ 10,454 $ 11,149 $ 22,662 $ 7,656 $ — $ 141,818 Special mention — — — — — 50 — — 50 Substandard — 3,504 3,593 541 — — 5,961 — 13,599 Doubtful — — — — — — — — — Total Commercial Loans $ 8,048 $ 53,484 $ 35,462 $ 10,995 $ 11,149 $ 22,712 $ 13,617 $ — $ 155,467 Commercial Real Estate: Risk rating Satisfactory $ 22,582 $ 143,784 $ 270,523 $ 42,126 $ 37,604 $ 75,806 $ 1,554 $ — $ 593,979 Special mention 627 — 5,825 1,193 — 1,213 — — 8,858 Substandard 2,241 4,852 16,073 3,877 95 8,462 — — 35,600 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 25,450 $ 148,636 $ 292,421 $ 47,196 $ 37,699 $ 85,481 $ 1,554 $ — $ 638,437 Consumer: Risk rating Performing $ 155,883 $ 369,231 $ 215,735 $ 134,973 $ 69,783 $ 29,427 $ 462 $ — $ 975,494 Nonperforming — 321 296 293 138 106 — — 1,154 Total Consumer Loans $ 155,883 $ 369,552 $ 216,031 $ 135,266 $ 69,921 $ 29,533 $ 462 $ — $ 976,648 Residential: Risk rating Performing $ 37,795 $ 193,693 $ 144,671 $ 89,415 $ 83,582 $ 294,391 $ 120,949 $ — $ 964,496 Nonperforming — — 133 — 27 1,739 320 — 2,219 Total Residential Loans $ 37,795 $ 193,693 $ 144,804 $ 89,415 $ 83,609 $ 296,130 $ 121,269 $ — $ 966,715 Total Loans $ 227,176 $ 765,365 $ 688,718 $ 282,872 $ 202,378 $ 433,856 $ 136,902 $ — $ 2,737,267 For the purposes of the table above, nonperforming consumer and residential loans were those loans on nonaccrual status or were 90 days or more past due and still accruing interest. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process is $3.2 million. For the allowance calculation, an internally developed system of five credit quality indicators is used to rate the credit worthiness of each commercial loan defined as follows: 1) Satisfactory - "Satisfactory" borrowers have acceptable financial condition with satisfactory record of earnings and sufficient historical and projected cash flow to service the debt. Borrowers have satisfactory repayment histories and primary and secondary sources of repayment can be clearly identified; 2) Special Mention - Loans in this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. "Special mention" assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Loans which might be assigned this credit quality indicator include loans to borrowers with deteriorating financial strength and/or earnings record and loans with potential for problems due to weakening economic or market conditions; 3) Substandard - Loans classified as “substandard” are inadequately protected by the current sound net worth or paying capacity of the borrower or the collateral pledged, if any. Loans in this category have well defined weaknesses that jeopardize the repayment. They are characterized by the distinct possibility that Arrow will sustain some loss if the deficiencies are not corrected. “Substandard” loans may include loans which are likely to require liquidation of collateral to effect repayment, and other loans where character or ability to repay has become suspect. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified substandard; 4) Doubtful - Loans classified as “doubtful” have all of the weaknesses inherent in those classified as “substandard” with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current existing facts, conditions, and values, highly questionable and improbable. Although possibility of loss is extremely high, classification of these loans as “loss” has been deferred due to specific pending factors or events which may strengthen the value (e.g. possibility of additional collateral, injection of capital, collateral liquidation, debt restructure, economic recovery, etc). Loans classified as “doubtful” need to be placed on non-accrual; and, 5) Loss - Loans classified as “loss” are considered uncollectible with collateral of such little value that their continuance as bankable assets is not warranted. As of the date of the balance sheet, all loans in this category have been charged-off to the allowance for loan losses. Commercial loans are generally evaluated on an annual basis depending on the size and complexity of the loan relationship, unless the credit related quality indicator falls to a level of "special mention" or below, when the loan is evaluated quarterly. The credit quality indicator is one of the factors used in assessing the level of incurred risk of loss in our commercial related loan portfolios. Pledged Loans As of March 31, 2023, the carrying cost for the FHLBNY collateral was approximately $930 million and approximately $982 million for the FRB. As of March 31, 2023, the fair value for the FHLBNY collateral was approximately $818 million and approximately $922 million for the FRB. As a result, Arrow’s available borrowing capacity at March 31, 2023 was $1.3 billion. This does not include access to the brokered CD market which is an additional source of available liquidity.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES (In Thousands) The following table presents the notional amount and fair value of Arrow's off-balance sheet commitments to extend credit and commitments under standby letters of credit as of March 31, 2023, December 31, 2022 and March 31, 2022: Commitments to Extend Credit and Letters of Credit March 31, 2023 December 31, 2022 March 31, 2022 Notional Amount: Commitments to Extend Credit $ 478,253 $ 424,197 $ 438,055 Standby Letters of Credit 3,424 3,627 3,351 Fair Value: Commitments to Extend Credit $ — $ — $ — Standby Letters of Credit 6 2 23 Arrow is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Commitments to extend credit include home equity lines of credit, commitments for residential and commercial construction loans and other personal and commercial lines of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of the involvement Arrow has in particular classes of financial instruments. Arrow's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. Arrow uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are not expected to be fully drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Arrow evaluates each customer's creditworthiness on a case-by-case basis. Home equity lines of credit are secured by residential real estate. Construction lines of credit are secured by underlying real estate. For other lines of credit, the amount of collateral obtained, if deemed necessary by Arrow upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Most of the commitments are variable rate instruments. Arrow does not issue any guarantees that would require liability-recognition or disclosure, other than its standby letters of credit. Arrow has issued conditional commitments in the form of standby letters of credit to guarantee payment on behalf of a customer and guarantee the performance of a customer to a third party. Standby letters of credit generally arise in connection with commercial lending relationships. The credit risk involved in issuing these instruments is essentially the same as that involved in extending loans to customers. Contingent obligations under standby letters of credit at March 31, 2023, December 31, 2022 and March 31, 2022 represent the maximum potential future payments Arrow could be required to make. Typically, these instruments have terms of 12 months or less and expire unused; therefore, the total amounts do not necessarily represent future cash requirements. Each customer is evaluated individually for creditworthiness under the same underwriting standards used for commitments to extend credit and on-balance sheet instruments. Arrow's policies governing loan collateral apply to standby letters of credit at the time of credit extension. Loan-to-value ratios will generally range from 50% for movable assets, such as inventory, to 100% for liquid assets, such as bank CD's. Fees for standby letters of credit range from 1% to 3% of the notional amount. Fees are collected upfront and amortized over the life of the commitment. The carrying amount and fair value of Arrow's standby letters of credit at March 31, 2023, December 31, 2022 and March 31, 2022, were insignificant. The fair value of standby letters of credit is based on the fees currently charged for similar agreements or the cost to terminate the arrangement with the counterparties. The fair value of commitments to extend credit is determined by estimating the fees to enter into similar agreements, taking into account the remaining terms and present creditworthiness of the counterparties, and for fixed rate loan commitments, the difference between the current and committed interest rates. Arrow provides several types of commercial lines of credit and standby letters of credit to its commercial customers. The pricing of these services is not isolated as Arrow considers the customer's complete deposit and borrowing relationship in pricing individual products and services. The commitments to extend credit also include commitments under home equity lines of credit, for which Arrow charges no fee. The carrying value and fair value of commitments to extend credit are not material and Arrow does not expect to incur any material loss as a result of these commitments. In the normal course of business, Arrow and its subsidiary banks become involved in a variety of routine legal proceedings. At present, there are no legal proceedings pending or threatened, which in the opinion of management and counsel, would result in a material loss to Arrow. Arrow, including its subsidiary banks, is not currently the subject of any material pending legal proceedings, other than ordinary routine litigation occurring in the normal course of their business. On an ongoing basis, Arrow is often the subject of, or a party to, various legal claims by other parties against Arrow, by Arrow against other parties, or involving Arrow, which arise in the normal course of business. Except as noted below, the various pending legal claims against Arrow will not, in the opinion of management based upon consultation with counsel, result in any material liability.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
Comprehensive Income (Loss)	Mar. 31, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss)	COMPREHENSIVE INCOME (LOSS) (In Thousands) The following table presents the components of other comprehensive income (loss) for the three month periods ended March 31, 2023 and 2022: Schedule of Comprehensive Income (Loss) Three Months Ended March 31, Tax Before-Tax (Expense) Net-of-Tax Amount Benefit Amount 2023 Net Unrealized Securities Holding Gain on Securities Available-for-Sale Arising During the Period $ 8,219 $ (2,120) $ 6,099 Net Unrealized Loss on Cash Flow Swap (800) 207 (593) Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense 198 (51) 147 Amortization of Net Retirement Plan Actuarial Gain (25) 7 (18) Amortization of Net Retirement Plan Prior Service Cost 52 (15) 37 Other Comprehensive Income $ 7,644 $ (1,972) $ 5,672 2022 Net Unrealized Securities Holding Loss on Securities Available-for-Sale Arising During the Period $ (29,955) $ 7,659 $ (22,296) Net Unrealized Gain on Cash Flow Swap 1,512 (387) 1,125 Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense (29) 8 (21) Amortization of Net Retirement Plan Actuarial Loss 57 (15) 42 Amortization of Net Retirement Plan Prior Service Cost 7 (1) 6 Other Comprehensive Loss $ (28,408) $ 7,264 $ (21,144) The following table presents the changes in accumulated other comprehensive (loss) income by component: Changes in Accumulated Other Comprehensive (Loss) Income by Component (1) Unrealized Loss on Available-for-Sale Securities Unrealized Gain on Cash Flow Swap Defined Benefit Plan Items Total Net Actuarial Loss Net Prior Service Cost For the quarter-to-date periods ended: December 31, 2022 $ (48,841) $ 4,054 $ (4,467) $ (401) $ (49,655) Other comprehensive income or loss before reclassifications 6,099 (593) — — 5,506 Amounts reclassified from accumulated other comprehensive income or loss — 147 (18) 37 166 Net current-period other comprehensive income or loss 6,099 (446) (18) 37 5,672 March 31, 2023 $ (42,742) $ 3,608 $ (4,485) $ (364) $ (43,983) December 31, 2021 $ (614) $ 1,320 $ 639 $ (998) $ 347 Other comprehensive income or loss before reclassifications (22,296) 1,125 — — (21,171) Amounts reclassified from accumulated other comprehensive income or loss — (21) 42 6 27 Net current-period other comprehensive (loss) or income (22,296) 1,104 42 6 (21,144) March 31, 2022 $ (22,910) $ 2,424 $ 681 $ (992) $ (20,797) (1) All amounts are net of tax. The following table presents the reclassifications out of accumulated other comprehensive income or loss: Reclassifications Out of Accumulated Other Comprehensive Income or Loss Details about Accumulated Other Comprehensive Income or Loss Components Amounts Reclassified from Accumulated Other Comprehensive Income or Loss Affected Line Item in the Statement Where Net Income Is Presented For the quarter-to-date periods ended: March 31, 2023 Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense $ (198) Interest expense Amortization of defined benefit pension items: Prior-service costs (52) (1) Salaries and Employee Benefits Actuarial gain 25 (1) Salaries and Employee Benefits (225) Total before Tax 59 Provision for Income Taxes Total reclassifications for the period $ (166) Net of Tax March 31, 2022 Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense $ 29 Interest expense Amortization of defined benefit pension items: Prior-service costs $ (7) (1) Salaries and Employee Benefits Actuarial loss (57) (1) Salaries and Employee Benefits (35) Total before Tax 8 Provision for Income Taxes Total reclassifications for the period $ (27) Net of Tax (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION (Dollars In Thousands, Except Share and Per Share Amounts) Arrow has established three stock-based compensation plans: a Long Term Incentive Plan, an Employee Stock Purchase Plan (ESPP) and an Employee Stock Ownership Plan (ESOP). All share and per share data have been adjusted for the September 23, 2022 3% stock dividend. Long Term Incentive Plan The Long Term Incentive Plan provides for the grant of incentive stock options, non-qualified stock options, restricted stock, restricted stock units, performance units and performance shares. The Compensation Committee of the Board of Directors administers the Long Term Incentive Plan. Stock Options - Options may be granted at a price no less than the greater of the par value or fair market value of such shares on the date on which such option is granted, and generally expire ten years from the date of grant. The options usually vest over a four-year period. The following table summarizes information about stock option activity for the year to date period ended March 31, 2023: Shares Weighted Average Exercise Price Outstanding at January 1, 2023 279,050 $ 29.41 Granted 56,000 32.41 Exercised (3,772) 21.58 Forfeited (1,306) 18.60 Outstanding at March 31, 2023 329,972 30.06 Vested at Period-End 198,989 28.59 Expected to Vest 130,983 32.28 Stock Options Granted Weighted Average Grant Date Information: Fair Value of Options Granted $ 8.02 Fair Value Assumptions: Dividend Yield 3.30 % Expected Volatility 28.38 % Risk Free Interest Rate 3.57 % Expected Lives (in years) 8.34 The following table presents information on the amounts expensed related to stock options for the three month periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Amount expensed $ 85 $ 75 Restricted Stock Units - The Company grants restricted stock units which gives the recipient the right to receive shares of Company stock upon vesting. The fair value of each restricted stock unit is the market value of Company stock on the date of grant. 100% of the restricted stock unit awards vest three years from the grant date. Once vested, the restricted stock units become vested units and are no longer forfeitable. Vested units are not settled until the recipient's employment has terminated. Unvested restricted stock unit awards will generally be forfeited if the recipient ceases to be employed by the Company, with limited exceptions. The following table summarizes information about restricted stock unit activity for the periods ended March 31, 2023 and 2022: Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 13,520 $ 31.38 Granted 5,014 32.41 Vested (4,182) 32.29 Non-vested at March 31, 2023 14,352 31.48 Non-vested at January 1, 2022 13,599 29.27 Granted 4,312 34.79 Vested (4,391) 28.17 Non-vested at March 31, 2022 13,520 31.38 The following table presents information on the amounts expensed related to restricted stock units for the periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Amount expensed $ 37 $ 35 Employee Stock Purchase Plan Arrow sponsors an ESPP under which employees may purchase Arrow's common stock at a discount below market price. The current amount of the discount is 5%. Under current accounting guidance, a stock purchase plan with a discount of 5% or less is not considered a compensatory plan. W e have suspended the operation of the ESPP as a result of the delayed filing of the Annual Report on Form 10-K for the year ended December 31, 2022 ("2022 Form 10-K") and this Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (this "Report") and the related effects under applicable securities laws. Employee Stock Ownership Plan Arrow maintains an ESOP, pursuant to which substantially all employees of Arrow and its subsidiaries are eligible to participate upon satisfaction of applicable service requirements. The Company makes cash contributions to the ESOP each year.

Retirement Benefit Plans

Retirement Benefit Plans	3 Months Ended
Retirement Benefit Plans	Mar. 31, 2023
Retirement Benefits [Abstract]
Retirement Benefit Plans	RETIREMENT BENEFIT PLANS (Dollars in Thousands) Arrow sponsors qualified and non-qualified defined benefit pension plans and other postretirement benefit plans for its employees. Arrow maintains a non-contributory pension plan, which covers substantially all employees. Effective December 1, 2002, all active participants in the qualified defined benefit pension plan were given a one-time irrevocable election to continue participating in the traditional plan design, for which benefits were based on years of service and the participant’s final compensation (as defined), or to begin participating in the new cash balance plan design. All employees who first participate in the plan after December 1, 2002 automatically participate in the cash balance plan design. The interest credits under the cash balance plan are based on the 30-year U.S. Treasury rate in effect for November of the prior year with a minimum interest credit of 3%. The service credits under the cash balance plan are equal to 6.0% of eligible salaries for employees who become participants on or after January 1, 2003. For employees in the plan prior to January 1, 2003, the service credits are scaled based on the age of the participant, and range from 6.0% to 12.0%. The funding policy is to contribute up to the maximum amount that can be deducted for federal income tax purposes and to make all payments required under The Employee Retirement Income Security Act (ERISA). Arrow also maintains a supplemental non-qualified unfunded retirement plan to provide eligible employees of Arrow and its subsidiaries with benefits in excess of qualified plan limits imposed by federal tax law. Arrow has multiple non-pension postretirement benefit plans. The health care, dental and life insurance plans are contributory, with participants’ contributions adjusted annually. Arrow’s policy is to fund the cost of postretirement benefits based on the current cost of the underlying policies. However, the health care plan provision allows for grandfathered participants to receive automatic increases of Company contributions each year based on the increase in inflation, limited to a maximum of 5%. As of December 31, 2022, Arrow uses the sex-distinct amount-weighted Pri-2012 mortality tables for employees, healthy retirees and contingent survivors, with mortality improvements projected using Scale MP-2021 on a generational basis for the Pension Plan and the sex-distinct amount-weighted White Collar tables for employees, healthy retirees and contingent survivors, with mortality improvements projected using Scale MP-2021 on a generational basis for the Select Executive Retirement Plan. Segment interest rates of 5.09%, 5.60%, 5.41% were used in determining the present value of a lump sum payment/annuitizing cash balance accounts as of December 31, 2022. Effective January 1, 2021, GFNB amended the Arrow Financial Corporation Employees' Pension Plan (the "Plan"). The Plan change was adopted January 1, 2021 and the amendment was valued as of December 31, 2020. The Plan amendment was as follows: Effective January 1, 2021, the benefit payable to or on behalf of each participant: • whose employment with the Employer (or any predecessor Employer, except as noted below) terminated on or before • who satisfied the requirements for early, normal, or late retirement as of such termination; • who never participated in the United Vermont Bancorporation Plan; and • who is, or whose beneficiary is, receiving monthly benefit payments from the Plan as of January 1, 2021 (including a The foregoing increase was applied to the monthly benefit actually payable to the participant, or to the participant's beneficiary, as of January 1, 2021, determined after all applicable adjustments, regardless of whether such benefit had been determined under the Company's plan or the plan of a predecessor employer that had been merged into the Plan. The plan amendment caused a $351,638 increase in the projected benefit obligation creating a positive service cost which will be amortized over 9.70 years (the average expected future service of active plan participants.) Effective January 1, 2021, GFNB amended the Arrow Financial Corporation Employees' Select Executive Retirement Plan. The plan change was adopted January 1, 2021 and the amendment was valued as of December 31, 2020. The plan amendment provides a special adjustment to the monthly benefit payment for certain retirees. The plan amendment caused a $122,797 increase in the projected benefit obligation creating a positive prior service cost which will be amortized over 12.5 years. Settlement accounting is required when lump sum payments during a fiscal year exceed that fiscal year's Service Cost plus Interest Cost components of the Net Periodic Pension Cost. For 2022, the sum of the Service Cost and Interest Cost was $3.3 million and the 2022 total lump sum payments exceeded that amount by the end of the third quarter 2022. The Plan therefore recognized in the 2022 Net Periodic Pension Cost a portion of the Unamortized Net (Gain)/Loss equal to the ratio of the projected benefit obligation for the participants that received a lump sum to the total projected benefit obligation. As of December 31, 2022, the Unamortized Net Loss prior to reflecting settlement accounting was $7.2 million. The ratio of the projected benefit obligation for participants that received a lump sum to the total projected benefit obligation was 8.06%. The effect of the settlement that was recognized in the 2022 Net Periodic Pension Cost was $577 thousand, which was fully reflected in the 2022 Net Periodic Cost. Settlement accounting was not required for the three-month period ended March 31, 2023. The following tables provide the components of net periodic benefit costs for the three-month periods ended March 31, 2023 and 2022: Employees' Select Executive Postretirement Pension Retirement Benefit Plan Plan Plans Net Periodic Cost For the Three Months Ended March 31, 2023: Service Cost 1 $ 413 $ 163 $ 18 Interest Cost 2 530 62 87 Expected Return on Plan Assets 2 (857) — — Amortization of Prior Service Cost 2 16 10 26 Amortization of Net Loss (Gain) 2 36 18 (79) Net Periodic Cost $ 138 $ 253 $ 52 Plan Contributions During the Period $ — $ 116 $ 27 For the Three Months Ended March 31, 2022: Service Cost 1 $ 488 $ 147 $ 27 Interest Cost 2 367 51 64 Expected Return on Plan Assets 2 (1,099) — — Amortization of Prior Service Cost 2 19 11 27 Amortization of Net Loss (Gain) 2 — 39 (32) Net Periodic (Benefit) Cost $ (225) $ 248 $ 86 Plan Contributions During the Period $ — $ 116 $ 55 Estimated Future Contributions in the Current Fiscal Year $ — $ 154 $ 81 Footnotes: 1. Included in Salaries and Employee Benefits on the Consolidated Statements of Income 2. Included in Other Operating Expense on the Consolidated Statements of Income

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share	EARNINGS PER COMMON SHARE (In Thousands, Except Per Share Amounts) The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share (EPS) for periods ended March 31, 2023 and 2022. When applicable, share and per share amounts have been adjusted for the September 23, 2022, 3% stock dividend. Earnings Per Share Three Months Ended March 31, 2023 March 31, 2022 Earnings Per Share - Basic: Net Income $ 8,562 $ 12,575 Weighted Average Shares - Basic 16,552 16,511 Earnings Per Share - Basic $ 0.52 $ 0.76 Earnings Per Share - Diluted: Net Income $ 8,562 $ 12,575 Weighted Average Shares - Basic 16,552 16,511 Dilutive Average Shares Attributable to Stock Options 12 55 Weighted Average Shares - Diluted 16,564 16,566 Earnings Per Share - Diluted $ 0.52 $ 0.76

Fair Values

Fair Values	3 Months Ended
Fair Values	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values	FAIR VALUES (Dollars In Thousands) Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Subtopic 820-10 defines fair value, establishes a framework for measuring fair value in GAAP and requires certain disclosures about fair value measurements. There are no nonfinancial assets or liabilities measured at fair value on a recurring basis. The only assets or liabilities that Arrow measured at fair value on a recurring basis at March 31, 2023, December 31, 2022 and March 31, 2022 were AFS securities, equity securities and derivatives. Arrow held no securities or liabilities for trading on such dates. The table below presents the financial instrument's fair value and the amounts within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement: Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Fair Value of Assets and Liabilities Measured on a Recurring Basis: March 31, 2023 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 177,585 $ — $ 177,585 $ — State and Municipal Obligations 320 — 320 — Mortgage-Backed Securities 386,988 — 386,988 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 565,693 — 565,693 — Equity Securities 2,070 — 2,070 — Total Securities Measured on a Recurring Basis 567,763 — 567,763 — Derivatives, included in other assets 6,206 — 6,206 — Total Measured on a Recurring Basis $ 573,969 $ — $ 573,969 $ — Liabilities: Derivatives, included in other liabilities 6,206 — 6,206 — Total Measured on a Recurring Basis $ 6,206 $ — $ 6,206 $ — December 31, 2022 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 175,199 $ — $ 175,199 $ — State and Municipal Obligations 340 — 340 — Mortgage-Backed Securities 397,156 — 397,156 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 573,495 — 573,495 — Equity Securities 2,174 — 2,174 — Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Total Securities Measured on a Recurring Basis 575,669 — 575,669 — Derivatives, included in other liabilities 7,506 — 7,506 — Total Measured on a Recurring Basis $ 583,175 $ — $ 583,175 $ — Liabilities: Derivatives, included in other liabilities $ 7,506 — $ 7,506 — Total Measured on a Recurring Basis $ 7,506 $ — $ 7,506 $ — March 31, 2022 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 132,744 $ — $ 132,744 $ — State and Municipal Obligations 380 — 380 — Mortgage-Backed Securities 448,504 — 448,504 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 582,428 — 582,428 — Equity Securities 1,877 — 1,877 — Total Securities Measured on a Recurring Basis 584,305 — 584,305 — Derivatives, included in other assets 4,131 — 4,131 — Total Measured on a Recurring Basis $ 588,436 $ — $ 588,436 $ — Liabilities: Derivatives, included in other liabilities 4,131 — 4,131 — Total Measured on a Recurring Basis $ 4,131 $ — $ 4,131 $ — Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Gains (Losses) Recognized in Earnings Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis: March 31, 2023 Collateral Dependent Evaluated Loans $ — $ — $ — $ — Other Real Estate Owned and Repossessed Assets, Net 144 — — 144 — December 31, 2022 Collateral Dependent Impaired Loans $ — $ — $ — $ — Other Real Estate Owned and Repossessed Assets, Net 593 — — 593 — March 31, 2022 Collateral Dependent Impaired Loans $ 2,168 $ — $ — $ 2,168 Other Real Estate Owned and Repossessed Assets, Net 180 — — 180 — The fair value of financial instruments is determined under the following hierarchy: • Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 - Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and, • Level 3 - Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). Fair Value Methodology for Assets and Liabilities Measured on a Recurring Basis The fair value of Level 1 AFS securities are based on unadjusted, quoted market prices from exchanges in active markets. The fair value of Level 2 AFS securities are based on an independent bond and equity pricing service for identical assets or significantly similar securities and an independent equity pricing service for equity securities not actively traded. The pricing services use a variety of techniques to arrive at fair value including market maker bids, quotes and pricing models. Inputs to the pricing models include recent trades, benchmark interest rates, spreads and actual and projected cash flows. The fair value of Level 2 equities are based on the last observable price in open markets. The fair value of Level 2 equities are based on the last observable price in open markets. The fair value of Level 2 derivatives is determined using inputs that are observable in the market place obtained from third parties including yield curves, publicly available volatilities, and floating indexes. Fair Value Methodology for Assets and Liabilities Measured on a Nonrecurring Basis The fair value of collateral dependent evaluated loans and other real estate owned was based on third-party appraisals less estimated cost to sell. The appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. Other assets which might have been included in this table include mortgage servicing rights, goodwill and other intangible assets. Arrow evaluates each of these assets for impairment at least annually, with no impairment recognized for these assets at March 31, 2023, December 31, 2022 and March 31, 2022. Fair Value Methodology for Financial Instruments Not Measured on a Recurring or Nonrecurring Basis The fair value for HTM securities is determined utilizing an independent bond pricing service for identical assets or significantly similar securities. The pricing service uses a variety of techniques to arrive at fair value including market maker bids, quotes and pricing models. Inputs to the pricing models include recent trades, benchmark interest rates, spreads and actual and projected cash flows. ASU 2016-01 "Recognition and Measurement of Financial Assets and Financial Liabilities" requires that the fair value for loans must be disclosed using the "exit price" notion which is a reasonable estimate of what another party might pay in an orderly transaction. Fair values for loans are calculated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial, commercial real estate, residential mortgage, indirect auto and other consumer loans. Each loan category is further segmented into fixed and adjustable interest rate terms and by performing and nonperforming categories. The fair value of performing loans is calculated by determining the estimated future cash flow, which is the contractual cash flow adjusted for estimated prepayments. The discount rate is determined by starting with current market yields, and first adjusting for a liquidity premium. This premium is separately determined for each loan type. Then a credit loss component is determined utilizing the credit loss assumptions used in the allowance for credit loss model. Finally, a discount spread is applied separately for consumer loans vs. commercial loans based on market information and utilization of the swap curve. The fair value of time deposits is based on the discounted value of contractual cash flows, except that the fair value is limited to the extent that the customer could redeem the certificate after imposition of a premature withdrawal penalty. The discount rates are estimated using the FHLBNY yield curve, which is considered representative of Arrow’s time deposit rates. The fair value of all other deposits is equal to the carrying value. The fair value of FHLBNY advances is calculated by the FHLBNY. The carrying amount of FHLBNY and FRB stock approximates fair value. If the stock was redeemed, the Company will receive an amount equal to the par value of the stock. The book value of the outstanding trust preferred securities (Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts) are considered to approximate fair value since the interest rates are variable (indexed to LIBOR and to be indexed to SOFR post-conversion) and Arrow is well-capitalized. Fair Value by Balance Sheet Grouping The following table presents a summary of the carrying amount, the fair value or an amount approximating fair value and the fair value hierarchy of Arrow’s financial instruments: Schedule of Fair Values by Balance Sheet Grouping Fair Value Hierarchy Carrying Value Fair Value Level 1 Level 2 Level 3 March 31, 2023 Cash and Cash Equivalents $ 203,472 $ 203,472 $ 203,472 $ — $ — Securities Available-for-Sale 565,693 565,693 — 565,693 — Securities Held-to-Maturity 167,347 164,439 — 164,439 — Equity Securities 2,070 2,070 — 2,070 — Federal Home Loan Bank and Federal 10,027 10,027 — 10,027 — Net Loans 2,974,568 2,705,312 — — 2,705,312 Accrued Interest Receivable 9,857 9,857 — 9,857 — Derivatives, included in other assets 6,206 6,206 6,206 Deposits 3,546,349 3,540,854 — 3,540,854 — Federal Home Loan Bank Term Advances 107,800 107,830 — 107,830 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 1,170 1,170 — 1,170 — Derivatives, included in other liabilities 6,206 6,206 — 6,206 — December 31, 2022 Cash and Cash Equivalents $ 64,660 $ 64,660 $ 64,660 $ — $ — Securities Available-for-Sale 573,495 573,495 — 573,495 — Securities Held-to-Maturity 175,364 171,623 — 171,623 — Equity Securities 2,174 2,174 2,174 Federal Home Loan Bank and Federal 6,064 6,064 — 6,064 — Net Loans 2,953,255 2,742,721 — — 2,742,721 Accrued Interest Receivable 9,890 9,890 — 9,890 — Derivatives, included in other assets 7,506 7,506 — 7,506 — Deposits 3,498,364 3,492,021 — 3,492,021 — Federal Home Loan Bank Term Advances 27,800 27,800 — 27,800 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 357 357 — 357 — Derivatives, included in other liabilities 7,506 7,506 — 7,506 — March 31, 2022 Cash and Cash Equivalents $ 487,578 $ 487,578 $ 487,578 $ — $ — Securities Available-for-Sale 582,428 582,428 — 582,428 — Securities Held-to-Maturity 196,661 195,862 — 195,862 — Equity Securities 1,877 1,877 — 1,877 Federal Home Loan Bank and Federal 4,491 4,491 — 4,491 — Net Loans 2,709,606 2,648,804 — — 2,648,804 Accrued Interest Receivable 8,099 8,099 — 8,099 — Derivatives, included in other assets 4,131 4,131 — 4,131 — Deposits 3,715,373 3,711,189 — 3,711,189 — Federal Home Loan Bank Term Advances 25,000 25,001 — 25,001 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 102 102 — 102 — Derivatives, included in other liabilities 4,131 4,131 — 4,131 —

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2023
Leases [Abstract]
Leases	LEASES (Dollars In Thousands) Arrow is a lessee in its leases, which are mainly for financial services locations in addition to leases for corporate vehicles. These leases generally require Arrow to pay third-party expenses on behalf of the Lessor, which are referred to as variable payments. Under some leases, Arrow pays the variable payments to the lessor, and in other leases, Arrow pays the variable payments directly to the applicable third party. None of Arrow's current leases include any residual value guarantees or any subleases, and there are no significant rights and obligations of Arrow for leases that have not commenced as of the reporting date. Arrow leases two of its branch offices, at market rates, from Stewart’s Shops Corp. Mr. Gary C. Dake, President of Stewart’s Shops Corp., serves as a Director on the Board of Directors of Arrow and the two subsidiary banks. Arrow also leases one administrative office from an entity controlled by Elizabeth Miller, who also serves as a Director on the Board of Directors of Arrow and the two subsidiary banks. The following includes quantitative data related to Arrow's leases as of and for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended Finance Lease Amounts: Classification March 31, 2023 March 31, 2022 Right-of-Use Assets Premises and Equipment, Net $ 4,593 $ 4,770 Lease Liabilities Finance Leases 5,106 5,156 Operating Lease Amounts: Right-of-Use Assets Other Assets $ 5,388 $ 6,676 Lease Liabilities Other Liabilities 5,584 6,863 Other Information: Cash Paid For Amounts Included In The Measurement Of Lease Liabilities: Operating Outgoing Cash Flows From Finance Leases $ 49 $ 49 Operating Outgoing Cash Flows From Operating Leases 257 260 Financing Outgoing Cash Flows From Finance Leases 13 13 Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities — — Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities 19 — Weighted-average Remaining Lease Term - Finance Leases (Yrs.) 27.00 28.00 Weighted-average Remaining Lease Term - Operating Leases (Yrs.) 11.45 11.20 Weighted-average Discount Rate—Finance Leases 3.75 % 3.75 % Weighted-average Discount Rate—Operating Leases 2.97 % 2.81 % Lease cost information for Arrow's leases is as follows: Three Months Ended March 31, 2023 March 31, 2022 Lease Cost: Finance Lease Cost: Reduction of Right-of-Use Assets $ 44 $ 44 Interest on Lease Liabilities 49 49 Operating Lease Cost 298 312 Short-term Lease Cost 14 10 Variable Lease Cost 73 95 Total Lease Cost $ 478 $ 510 Future Lease Payments at March 31, 2023 are as follows: Operating Leases Financing Leases Twelve Months Ended: 3/31/2024 $ 866 $ 243 3/31/2025 685 254 3/31/2026 625 265 3/31/2027 561 268 3/31/2028 526 268 Thereafter 3,455 7,197 Total Undiscounted Cash Flows $ 6,718 $ 8,495 Less: Net Present Value Adjustment 1,134 3,389 Lease Liability $ 5,584 $ 5,106
Leases	LEASES (Dollars In Thousands) Arrow is a lessee in its leases, which are mainly for financial services locations in addition to leases for corporate vehicles. These leases generally require Arrow to pay third-party expenses on behalf of the Lessor, which are referred to as variable payments. Under some leases, Arrow pays the variable payments to the lessor, and in other leases, Arrow pays the variable payments directly to the applicable third party. None of Arrow's current leases include any residual value guarantees or any subleases, and there are no significant rights and obligations of Arrow for leases that have not commenced as of the reporting date. Arrow leases two of its branch offices, at market rates, from Stewart’s Shops Corp. Mr. Gary C. Dake, President of Stewart’s Shops Corp., serves as a Director on the Board of Directors of Arrow and the two subsidiary banks. Arrow also leases one administrative office from an entity controlled by Elizabeth Miller, who also serves as a Director on the Board of Directors of Arrow and the two subsidiary banks. The following includes quantitative data related to Arrow's leases as of and for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended Finance Lease Amounts: Classification March 31, 2023 March 31, 2022 Right-of-Use Assets Premises and Equipment, Net $ 4,593 $ 4,770 Lease Liabilities Finance Leases 5,106 5,156 Operating Lease Amounts: Right-of-Use Assets Other Assets $ 5,388 $ 6,676 Lease Liabilities Other Liabilities 5,584 6,863 Other Information: Cash Paid For Amounts Included In The Measurement Of Lease Liabilities: Operating Outgoing Cash Flows From Finance Leases $ 49 $ 49 Operating Outgoing Cash Flows From Operating Leases 257 260 Financing Outgoing Cash Flows From Finance Leases 13 13 Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities — — Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities 19 — Weighted-average Remaining Lease Term - Finance Leases (Yrs.) 27.00 28.00 Weighted-average Remaining Lease Term - Operating Leases (Yrs.) 11.45 11.20 Weighted-average Discount Rate—Finance Leases 3.75 % 3.75 % Weighted-average Discount Rate—Operating Leases 2.97 % 2.81 % Lease cost information for Arrow's leases is as follows: Three Months Ended March 31, 2023 March 31, 2022 Lease Cost: Finance Lease Cost: Reduction of Right-of-Use Assets $ 44 $ 44 Interest on Lease Liabilities 49 49 Operating Lease Cost 298 312 Short-term Lease Cost 14 10 Variable Lease Cost 73 95 Total Lease Cost $ 478 $ 510 Future Lease Payments at March 31, 2023 are as follows: Operating Leases Financing Leases Twelve Months Ended: 3/31/2024 $ 866 $ 243 3/31/2025 685 254 3/31/2026 625 265 3/31/2027 561 268 3/31/2028 526 268 Thereafter 3,455 7,197 Total Undiscounted Cash Flows $ 6,718 $ 8,495 Less: Net Present Value Adjustment 1,134 3,389 Lease Liability $ 5,584 $ 5,106

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
Derivative Instruments and Hedging Activities	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (In Thousands) Arrow is exposed to certain risks arising from both its business operations and economic conditions. Arrow principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. Arrow manages economic risks, including interest rate, primarily by managing the amount, sources and duration of its assets and liabilities and through the use of derivative instruments. Specifically, Arrow enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Arrow's derivative financial instruments are used to manage differences in the amount, timing and duration of known or expected cash receipts and its known or expected cash payments principally related to certain fixed rate borrowings. Arrow also has interest rate derivatives that result from a service provided to certain qualifying customers and, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. Derivatives Not Designated as Hedging Instruments Arrow enters into interest rate swap agreements with its commercial customers to provide them with a long-term fixed rate, while simultaneously entering into offsetting interest rate swap agreements with a counterparty to swap the fixed rate to a variable rate to manage interest rate exposure. These interest rate swap agreements are not designated as a hedge for accounting purposes. As the interest rate swap agreements have substantially equivalent and offsetting terms, they do not present any material exposure to Arrow's consolidated statements of income. Arrow records its interest rate swap agreements at fair value and is presented on a gross basis within other assets and other liabilities on the consolidated balance sheets. Changes in the fair value of assets and liabilities arising from these derivatives are included, net, in other income in the consolidated statement of income. The following table depicts the fair value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of the interest rate swap agreements: Derivatives Not Designated as Hedging Instruments - Interest Rate Swap Agreements March 31, 2023 December 31, 2022 March 31, 2022 Fair value adjustment included in other assets $ 6,206 $ 7,506 $ 4,131 Fair value adjustment included in other liabilities 6,206 7,506 4,131 Notional amount 126,637 127,763 171,182 Derivatives Designated as Hedging Instruments Arrow has entered into interest rate swaps to synthetically fix the variable rate interest payments associated with $20 million in outstanding subordinated trust securities. These agreements are designated as cash flow hedges. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income (AOCI) and subsequently reclassified into interest expense in the same period during which the hedge transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on Arrow's Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts borrowings. The following table indicates the effect of cash flow hedge accounting on AOCI and on the unaudited interim consolidated statement of income: Derivatives Designated as Hedging Instruments - Cash Flow Hedge Agreements Three Months Ended Twelve Months Ended Three Months Ended March 31, 2023 December 31, 2022 March 31, 2022 Amount of (loss) gain recognized in AOCI $ (800) $ 3,467 $ 1,512 Amount of (loss) gain reclassified from AOCI to interest expense (198) (204) 29

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONSA member of the GFNB Board of Directors, is the Chief Executive Officer of the general contractor leading the multi-year renovation project to enhance and improve the downtown Glens Falls Main Campus. The reconstruction will provide added energy efficiency and more collaborative work space. In the first quarter of 2023, Arrow paid $1.3 million to this general contractor. GFNB is a subsidiary of Arrow Financial Corporation.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Effective May 12, 2023, Mr. Murphy terminated his employment as President and CEO and as a director of the Company and all other positions he held with the Company and its affiliates. Effective May 13, 2023, the Company appointed David S. DeMarco to serve as President and CEO of the Company and GFNB, in addition to continuing to serve as President and CEO of SNB. The Company became aware that on June 23, 2023, Robert C. Ashe filed a putative class action complaint against the Company in the United States District Court for the Northern District of New York. In addition to the Company, the complaint names as defendants Thomas J. Murphy, the Company’s former CEO and from September 30, 2022, to February 20, 2023, its interim CFO, Edward J. Campanella, the Company’s former CFO, and Penko Ivanov, the Company’s current CFO (“Individual Defendants” and, together with the Company, the "Defendants"). The complaint alleges that the Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies in the Company’s public filings between March 12, 2022 and May 12, 2023. The complaint further alleges that the Individual Defendants are liable for these materially false and misleading statements as "controlling persons" of the Company. Based on these allegations, the complaint brings two claims for violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder and of Section 20(a) of the Exchange Act. Mr. Ashe, on behalf of a purported class of shareholders, seeks compensatory damages as well as recovery of the costs and fees associated with the litigation. The Company believes the lawsuit to be without merit and expressly denies any wrongdoing in connection with the matters claimed in the complaint and intends to vigorously defend the lawsuit. As of the date of filing of this Form 10-Q, the Company has not been served with the complaint.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Management's Use of Estimates	Management’s Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Management utilized estimates and assumptions in its evaluation of potential impairment of Arrow's right-of-use lease assets, goodwill and intangible assets. Our most significant estimate is the allowance for credit losses. Other estimates include the fair value of financial instruments, evaluation of pension and other post-retirement liabilities, an analysis of a need for a valuation allowance for deferred tax assets and a reserve for unfunded loan commitments recorded as an other liability. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term is the allowance for credit losses. In connection with the determination of the allowance for credit losses management obtains economic forecasts from reliable sources and appraisals for properties. The allowance for credit losses is management’s best estimate of the life of loan losses as of the balance sheet date. While management uses available information to recognize losses on loans, future adjustments to the allowance for credit losses may be necessary based on changes in economic conditions.
Allowance for Credit Losses	Allowance for Credit Losses – Loans - Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (CECL) approach requires an estimate of the credit losses expected over the life of a loan (or pool of loans). It replaces the incurred loss approach’s threshold that required the recognition of a credit loss when it was probable that a loss event was incurred. The allowance for credit losses is a valuation account that is deducted from, or added to, the loans’ amortized cost basis to present the net lifetime amount expected to be collected on the loans. Credit losses are charged off against the allowance when management believes a loan balance is confirmed to be uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged off and expected to be charged off. Management estimates the allowance using relevant available information from internal and external sources related to past events, current conditions, and a reasonable and supportable single economic forecast. Historical credit loss experience provides the basis for the estimation of expected credit losses. Arrow's historical loss experience was supplemented with peer information when there was insufficient loss data for Arrow. Peer selection was based on a review of institutions with comparable loss experience as well as loan yield, bank size, portfolio concentration and geography. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in credit concentrations, delinquency level, collateral values and underwriting standards as well as changes in economic conditions or other relevant factors. Management judgment is required at each point in the measurement process. Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Upon adoption of CECL, management revised the manner in which loans were pooled for similar risk characteristics. Management developed portfolio segments for estimating loss based on type of borrower and collateral as follows: Commercial Loans Commercial Real Estate Loans Consumer Loans Residential Loans Further details related to loan portfolio segments is included in Note 5 Loans. Historical credit loss experience for both Arrow and segment-specific peers provides the basis for the estimation of expected credit losses. Arrow utilized regression analyses of peer data, of which Arrow is included, where observed credit losses and selected economic factors were utilized to determine suitable loss drivers for modeling lifetime probability of default (PD) rates. Arrow uses the discounted cash flow (DCF) method to estimate expected credit losses for the commercial, commercial real estate, and residential segments. For each of these loan segments, Arrow generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speed, curtailments, time to recovery, PD, and segment-specific loss given default (LGD) risk factors. The modeling of expected prepayment speeds, curtailment rates, and time to recovery are based on historical internal data and adjusted, if necessary, based on the reasonable and supportable forecast of economic conditions. For the loan segments utilizing the DCF method, (commercial, commercial real estate, and residential) management utilizes externally developed economic forecast of the following economic factors as loss drivers: national unemployment, gross domestic product and home price index (HPI). The economic forecast is applied over a reasonable and supportable forecast period. Arrow utilizes a six quarter reasonable and supportable forecast period with an eight quarter reversion to the historic mean on a straight-line basis. The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions, and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level net present value (NPV) of expected cash flows. An allowance for credit loss is established for the difference between the instrument’s NPV and amortized cost basis. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring (TDR) will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by Arrow. Arrow uses the vintage analysis method to estimate expected credit losses for the consumer loan segment. The vintage method was selected since the loans within the consumer loan segment are homogeneous, not just by risk characteristic, but by loan structure. Under the vintage analysis method, a loss rate is calculated based on the quarterly net charge-offs to the outstanding loan balance for each vintage year over the lookback period. Once this periodic loss rate is calculated for each quarter in the lookback period, the periodic rates are averaged into the loss rate. The loss rate is then applied to the outstanding loan balances based on the loan's vintage year. Arrow maintains, over the life of the loan, the loss curve by vintage year. If estimated losses computed by the vintage method need to be adjusted based on current conditions and the reasonable and supportable economic forecast, these adjustments would be incorporated over a six quarter reasonable and supportable forecast period, reverting to historical losses using a straight-line method over an eight quarter period. Based on current conditions and the reasonable and supportable economic forecast, no adjustment to the loss rate for each vintage is currently required. The vintage and DCF models also consider the need to qualitatively adjust expected loss estimates for information not already captured in the quantitative loss estimation process. Qualitative considerations include limitations inherent in the quantitative model; trends experienced in nonperforming and delinquent loans; changes in value of underlying collateral; changes in lending policies and procedures; nature and composition of loans; portfolio concentrations that may affect loss experience across one or more components or the portfolio; the experience, ability and depth of lending management and staff; Arrow's credit review system; and the effect of external factors such as competition, legal and regulatory requirements. These qualitative factor adjustments may increase or decrease Arrow's estimate of expected credit losses so that the allowance for credit loss is reflective of the estimate of lifetime losses that exist in the loan portfolio at the balance sheet date. All loans not included in the vintage analysis method that exceed $250,000 which are on nonaccrual, are evaluated on an individual basis. For collateral dependent financial assets where Arrow has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and Arrow expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, Arrow has elected a practical expedient to measure the allowance for credit loss as the difference between the fair value of the collateral less cost to sell, and the amortized cost basis of the asset as of the measurement date. In the event the repayment of a collateral dependent financial asset is expected to be provided substantially through the operating of the collateral, Arrow will use fair value of the collateral at the reporting date when recording the net carrying amount of the asset and determining the allowance for credit losses. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The allowance for credit losses may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. ASU No. 2022-02, “ Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”), was issued in March 2022 to provide updates on the accounting treatment for TDRs and related disclosures requirements, as well as modifying the disclosure requirement associated with the existing credit quality indicators “vintage” disclosure. With respect to TDRs, ASU 2022-02 eliminates the recognition and measurement guidance for TDRs under current GAAP and instead requires that Arrow evaluate whether the modification represents a new loan or a continuation of an existing loan, consistent with the current GAAP treatment for other loan modifications. In addition, ASU 2022-02 eliminates existing disclosure requirements on TDRs and replaces with enhanced disclosure requirements related to certain loan modifications made to borrowers experiencing financial difficulty. ASU 2022-02 also provides an update to the existing credit quality indicators “vintage” tabular disclosure requiring current period gross write-offs to be disclosed by year of origination for each loan segment. The provisions of ASU 2022-02 were effective January 1, 2023 and Arrow adopted the provisions on a prospective basis. Historical disclosures on TDRs were removed from this report in accordance with the provisions of this ASU. The adoption of this ASU did not have a material impact on the consolidated financial statements. Estimated Credit Losses on Off-Balance Sheet Credit Exposures Recognized as Other Liabilities - Arrow estimates expected credit losses over the contractual period in which Arrow has exposure to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by Arrow. The allowance for credit losses on off-balance sheet credit exposures recognized in other liabilities, is adjusted as an expense in other non-interest expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over their estimated lives. Estimating credit losses on unfunded commitments requires Arrow to consider the following categories of off-balance sheet credit exposure: unfunded commitments to extend credit, unfunded lines of credit, and standby letters of credit. Each of these unfunded commitments is then analyzed for a probability of funding to calculate a probable funding amount. The life of loan loss factor by related portfolio segment from the loan allowance for credit loss calculation is then applied to the probable funding amount to calculate the estimated credit losses on off-balance sheet credit exposures recognized as other liabilities. Accrued Interest Receivable - Upon adoption of CECL on January 1, 2021, Arrow made the following elections regarding accrued interest receivable: (1) presented accrued interest receivable balances separately within the other assets balance sheet line item; (2) excluded interest receivable that is included in amortized cost of financing receivables from related disclosures requirements and (3) continued its policy to write off accrued interest receivable by reversing interest income. For loans, write off typically occurs upon becoming over 90 to 120 days past due and therefore the amount of such write offs are immaterial. Historically, Arrow has not experienced uncollectible accrued interest receivable on investment securities. Allowance for Credit Losses – Held-to-Maturity (HTM) Debt Securities - Arrow's HTM debt securities are also required to utilize the CECL approach to estimate expected credit losses. Management measures expected credit losses on HTM debt securities on a collective basis by major security types that share similar risk characteristics, such as financial asset type and collateral type adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. government agency or U.S. government sponsored mortgage-backed and collateralized mortgage obligations securities, and state and municipal debt securities. The mortgage-backed and collateralized mortgage obligations HTM securities are issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government as to timely repayment of principal and interest, are highly rated by major rating agencies, and have a long history of no credit losses. Therefore, Arrow did not record a credit loss for these securities. State and municipal bonds carry an investment grade from an accredited ratings agency, primarily with an investment grade rating. In addition, Arrow has a limited amount of New York state local municipal bonds that are not rated. The estimate of expected credit losses on the HTM portfolio is based on the expected cash flows of each individual CUSIP over its contractual life and utilized a municipal loss forecast model for determining PD and LGD rates. Management may exercise discretion to make adjustments based on environmental factors. A calculated expected credit loss for individual securities was determined using the PD and LGD rates. Arrow determined that the expected credit loss on its municipal bond portfolio was de minimis, and therefore, an allowance for credit losses was not recorded. Allowance for Credit Losses – Available-for-Sale (AFS) Debt Securities - The impairment model for AFS debt securities differs from the CECL approach utilized by HTM debt securities since AFS debt securities are measured at fair value rather than amortized cost. For AFS debt securities in an unrealized loss position, Arrow first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, in making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, adverse conditions specifically related to the security, failure of the issuer of the debt security to make scheduled interest or principal payments, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. The cash flows are estimated using information relevant to the collectability of the security, including information about past events, current conditions and reasonable and supportable forecasts. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Investments in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB) stock are required for membership in those organizations and are carried at cost since there is no market value available. The FHLB New York (FHLBNY) continues to pay dividends and repurchase stock. As such, the Company has not recognized any impairment on its holdings of FRB and FHLB stock.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
Cash and Cash Equivalents (Tables)	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	The following table is the schedule of Cash and Cash Equivalents at March 31, 2023, December 31, 2022 and March 31, 2022: March 31, 2023 December 31, 2022 March 31, 2022 Cash and Due From Banks $ 25,107 $ 31,886 $ 38,964 Interest Bearing Deposits at Banks 178,365 32,774 448,614 Total Cash and Cash Equivalents $ 203,472 64,660 487,578
Restrictions on Cash and Cash Equivalents	The following table is the schedule of Cash and Cash Equivalents at March 31, 2023, December 31, 2022 and March 31, 2022: March 31, 2023 December 31, 2022 March 31, 2022 Cash and Due From Banks $ 25,107 $ 31,886 $ 38,964 Interest Bearing Deposits at Banks 178,365 32,774 448,614 Total Cash and Cash Equivalents $ 203,472 64,660 487,578

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-For-Sale	The following table is the schedule of Available-For-Sale Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total March 31, 2023 Available-For-Sale Securities, $ 190,000 $ 320 $ 431,754 $ 1,000 $ 623,074 Gross Unrealized Gains — — 160 — 160 Gross Unrealized Losses (12,415) — (44,926) (200) (57,541) Available-For-Sale Securities, 177,585 320 386,988 800 565,693 Available-For-Sale Securities, 360,153 Maturities of Debt Securities, Within One Year $ 15,000 $ — $ 892 $ — $ 15,892 From 1 - 5 Years 175,000 — 239,803 — 414,803 From 5 - 10 Years — 320 191,059 1,000 192,379 Over 10 Years — — — — — Maturities of Debt Securities, Within One Year $ 14,769 $ — $ 866 $ — $ 15,635 From 1 - 5 Years 162,816 — 221,904 — 384,720 From 5 - 10 Years — 320 164,218 800 165,338 Over 10 Years — — — — — Securities in a Continuous Less than 12 Months $ 54,058 $ — $ 27,106 $ — $ 81,164 12 Months or Longer 123,526 — 346,733 800 471,059 Total $ 177,584 $ — $ 373,839 $ 800 $ 552,223 Number of Securities in a 25 — 150 1 176 Unrealized Losses on Less than 12 Months $ 942 $ — $ 891 $ — $ 1,833 12 Months or Longer 11,473 — 44,035 200 55,708 Total $ 12,415 $ — $ 44,926 $ 200 $ 57,541 Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total Disaggregated Details: US Agency Obligations, $ 190,000 US Agency Obligations, 177,585 US Government Agency $ 7,782 US Government Agency 7,321 Government Sponsored Entity 423,972 Government Sponsored Entity 379,667 December 31, 2022 Available-For-Sale Securities, $ 190,000 $ 340 $ 447,755 $ 1,000 $ 639,095 Gross Unrealized Gains 15 — 65 — 80 Gross Unrealized Losses (14,816) — (50,664) (200) (65,680) Available-For-Sale Securities, 175,199 340 397,156 800 573,495 Available-For-Sale Securities, 308,266 Securities in a Continuous Less than 12 Months $ 66,690 $ — $ 183,868 $ — $ 250,558 12 Months or Longer 93,493 — 199,262 800 293,555 Total $ 160,183 $ — $ 383,130 $ 800 $ 544,113 Number of Securities in a 23 — 150 1 174 Unrealized Losses on Less than 12 Months $ 3,310 $ — $ 18,756 $ — $ 22,066 12 Months or Longer 11,506 — 31,908 200 43,614 Total $ 14,816 $ — $ 50,664 $ 200 $ 65,680 Disaggregated Details: US Agency Obligations, $ 190,000 US Agency Obligations, 175,199 US Government Agency $ 7,934 US Government Agency 7,433 Government Sponsored Entity 439,821 Government Sponsored Entity 389,723 Available-For-Sale Securities U.S. Government & Agency State and Mortgage- Corporate Total March 31, 2022 Available-For-Sale Securities, $ 140,000 $ 380 $ 471,829 $ 1,000 $ 613,209 Gross Unrealized Gains 21 — 211 — 232 Gross Unrealized Losses (7,277) — (23,536) (200) (31,013) Available-For-Sale Securities, 132,744 380 448,504 800 582,428 Available-For-Sale Securities, 397,138 Securities in a Continuous Less than 12 Months $ 43,518 $ — $ 358,688 $ — $ 402,206 12 Months or Longer 84,205 — 74,546 800 159,551 Total $ 127,723 $ — $ 433,234 $ 800 $ 561,757 Number of Securities in a 18 — 129 1 148 Unrealized Losses on Securities Less than 12 Months $ 1,482 $ — $ 16,949 $ — $ 18,431 12 Months or Longer 5,795 — 6,587 200 12,582 Total $ 7,277 $ — $ 23,536 $ 200 $ 31,013 Disaggregated Details: US Agency Obligations, $ 140,000 US Agency Obligations, 132,744 US Government Agency $ 8,853 US Government Agency 8,667 Government Sponsored Entity 462,976 Government Sponsored Entity 439,837
Held-To-Maturity Securities	The following table is the schedule of Held-To-Maturity Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Held-To-Maturity Securities State and Mortgage- Total March 31, 2023 Held-To-Maturity Securities, $ 156,314 $ 11,033 $ 167,347 Gross Unrealized Gains 2 — 2 Gross Unrealized Losses (2,421) (489) (2,910) Held-To-Maturity Securities, 153,895 10,544 164,439 Held-To-Maturity Securities, 146,902 Held-To-Maturity Securities State and Mortgage- Total Maturities of Debt Securities, Within One Year $ 82,142 $ — $ 82,142 From 1 - 5 Years 71,828 11,033 82,861 From 5 - 10 Years 2,312 — 2,312 Over 10 Years 32 — 32 Maturities of Debt Securities, Within One Year $ 81,554 $ — $ 81,554 From 1 - 5 Years 70,001 10,544 80,545 From 5 - 10 Years 2,308 — 2,308 Over 10 Years 32 — 32 Securities in a Continuous Less than 12 Months $ 43,121 $ — $ 43,121 12 Months or Longer 90,439 10,544 100,983 Total $ 133,560 $ 10,544 $ 144,104 Number of Securities in a 386 16 402 Unrealized Losses on Securities Less than 12 Months $ 496 $ — $ 496 12 Months or Longer 1,925 489 2,414 Total $ 2,421 $ 489 $ 2,910 Disaggregated Details: US Government Agency $ 3,699 US Government Agency 3,522 Government Sponsored Entity 7,334 Government Sponsored Entity 7,022 Held-To-Maturity Securities State and Mortgage- Total December 31, 2022 Held-To-Maturity Securities, $ 163,600 $ 11,764 $ 175,364 Gross Unrealized Gains 1 — 1 Gross Unrealized Losses (3,131) (611) (3,742) Held-To-Maturity Securities, 160,470 11,153 171,623 Held-To-Maturity Securities, 142,982 Securities in a Continuous Less than 12 Months $ 137,773 $ 11,153 $ 148,926 12 Months or Longer — — — Total $ 137,773 $ 11,153 $ 148,926 Number of Securities in a 397 16 413 Unrealized Losses on Less than 12 Months $ 3,131 $ 611 $ 3,742 12 Months or Longer — — — Total $ 3,131 $ 611 $ 3,742 Disaggregated Details: US Government Agency $ 3,898 US Government Agency 3,687 Government Sponsored Entity 7,866 Government Sponsored Entity 7,466 Held-To-Maturity Securities State and Mortgage- Total March 31, 2022 Held-To-Maturity Securities, $ 181,832 $ 14,829 $ 196,661 Gross Unrealized Gains 180 — 180 Gross Unrealized Losses (832) (147) (979) Held-To-Maturity Securities, 181,180 14,682 195,862 Held-To-Maturity Securities, 176,635 Securities in a Continuous Less than 12 Months $ 96,088 $ 14,465 $ 110,553 12 Months or Longer — — — Total $ 96,088 $ 14,465 $ 110,553 Number of Securities in a 258 23 281 Unrealized Losses on Less than 12 Months $ 832 $ 147 $ 979 12 Months or Longer — — — Total $ 832 $ 147 $ 979 March 31, 2022 Disaggregated Details: US Government Agency $ 4,954 US Government Agency 4,900 Government Sponsored Entity 9,875 Government Sponsored Entity 9,782
Debt Securities, Trading, and Equity Securities, FV-NI	The following table is the schedule of Equity Securities at March 31, 2023, December 31, 2022 and March 31, 2022: Equity Securities March 31, 2023 December 31, 2022 March 31, 2022 Equity Securities, at Fair Value $2,070 $2,174 $1,877
Unrealized Gain (Loss) on Investments	The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the three month periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Net (Loss) Gain on Equity Securities $ (104) $ 130 Less: Net gain recognized during the reporting period on equity securities sold during the period — — Unrealized net (loss) gain recognized during the reporting period on equity securities still held at the reporting date $ (104) $ 130

Loans (Tables)

Loans (Tables)	3 Months Ended
Loans (Tables)	Mar. 31, 2023
Receivables [Abstract]
Past Due Financing Receivables	The following two tables present loan balances outstanding as of March 31, 2023 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 $417, $656 and $831 as of March 31, 2023, December 31, 2022 and March 31, 2022, 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, 2023 Loans Past Due 30-59 Days $ 62 $ — $ 11,237 $ 1,593 $ 12,892 Loans Past Due 60-89 Days 47 — 4,439 — 4,486 Loans Past Due 90 or more Days — — 3,005 3,143 6,148 Total Loans Past Due 109 — 18,681 4,736 23,526 Current Loans 135,808 715,357 1,054,688 1,075,973 2,981,826 Total Loans $ 135,917 $ 715,357 $ 1,073,369 $ 1,080,709 $ 3,005,352 December 31, 2022 Loans Past Due 30-59 Days $ 48 $ 370 $ 13,657 $ 1,833 $ 15,908 Loans Past Due 60-89 Days 33 — 4,517 112 4,662 Loans Past Due 90 or more Days 44 — 3,503 4,790 8,337 Total Loans Past Due 125 370 21,677 6,735 28,907 Current Loans 140,168 706,652 1,043,458 1,064,022 2,954,300 Total Loans $ 140,293 $ 707,022 $ 1,065,135 $ 1,070,757 $ 2,983,207 March 31, 2022 Loans Past Due 30-59 Days $ 69 $ — $ 6,631 $ 2,565 $ 9,265 Loans Past Due 60-89 Days 89 — 2,562 267 2,918 Loans Past Due 90 or more Days — 346 1,041 1,531 2,918 Total Loans Past Due 158 346 10,234 4,363 15,101 Current Loans 155,309 638,091 966,414 962,352 2,722,166 Total Loans $ 155,467 $ 638,437 $ 976,648 $ 966,715 $ 2,737,267 Schedule of Non Accrual Loans by Category Commercial March 31, 2023 Commercial Real Estate Consumer Residential Total Loans 90 or More Days Past Due $ — $ — $ — $ 241 $ 241 Nonaccrual Loans 8 3,085 3,123 4,636 10,852 Nonaccrual With No Allowance for Credit Loss 8 3,085 3,123 4,636 10,852 Interest Income on Nonaccrual Loans — — — — — December 31, 2022 Loans 90 or More Days Past Due $ 44 $ — $ — $ 1,113 $ 1,157 Nonaccrual Loans 8 3,110 3,503 4,136 10,757 March 31, 2022 Loans 90 or More Days Past Due $ — $ — $ — $ 55 $ 55 Nonaccrual Loans 70 6,360 1,155 2,165 9,750
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, 2023 and March 31, 2022: Allowance for Credit Losses Rollforward of the Allowance for Credit Losses for the Quarterly Period: Commercial Commercial Real Estate Consumer Residential Total December 31, 2022 $ 1,961 $ 15,213 $ 2,585 $ 10,193 $ 29,952 Charge-offs $ — $ — $ (1,328) $ — $ (1,328) Recoveries $ — $ — $ 606 $ — $ 606 Provision $ (224) $ 289 $ 1,000 $ 489 $ 1,554 March 31, 2023 $ 1,737 $ 15,502 $ 2,863 $ 10,682 $ 30,784 December 31, 2021 $ 2,298 $ 13,136 $ 2,402 $ 9,445 $ 27,281 Charge-offs — — (799) (30) $ (829) Recoveries 8 — 432 — $ 440 Provision 209 406 475 (321) $ 769 March 31, 2022 $ 2,515 $ 13,542 $ 2,510 $ 9,094 $ 27,661 The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of March 31, 2023, December 31, 2022 and March 31, 2022: March 31, 2023 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 3,027 3,027 Consumer — — — Residential 1,949 — 1,949 Total $ 1,949 $ 3,027 $ 4,976 December 31, 2022 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 3,110 3,110 Consumer — — — Residential 1,963 — 1,963 Total $ 1,963 $ 3,110 $ 5,073 March 31, 2022 Collateral Type -Residential Real Estate Collateral Type - Commercial Real Estate Total Loans Commercial $ — $ — $ — Commercial Real Estate — 6,014 6,014 Consumer — — — Residential 415 — 415 Total $ 415 $ 6,014 $ 6,429 Allowance for Credit Losses - Collectively and Individually Evaluated Commercial Commercial Real Estate Consumer Residential Total March 31, 2023 Ending Loan Balance - Collectively Evaluated $ 135,917 $ 712,330 $ 1,073,369 $ 1,078,760 $ 3,000,376 Allowance for Credit Losses - Loans Collectively Evaluated 1,737 15,502 2,863 10,682 30,784 Ending Loan Balance - Individually Evaluated — 3,027 — 1,949 4,976 Allowance for Credit Losses - Loans Individually Evaluated — — — — — December 31, 2022 Ending Loan Balance - Collectively Evaluated $ 140,293 $ 703,912 $ 1,065,135 $ 1,068,794 $ 2,978,134 Allowance for Credit Losses - Loans Collectively Evaluated 1,961 15,213 2,585 10,193 $ 29,952 Ending Loan Balance - Individually Evaluated — 3,110 — 1,963 5,073 Allowance for Credit Losses - Loans Individually Evaluated — — — — — March 31, 2022 Ending Loan Balance - Collectively Evaluated $ 155,467 $ 632,423 $ 976,648 $ 966,300 $ 2,730,838 Allowance for Credit Losses - Loans Collectively Evaluated 2,515 12,960 2,510 9,094 27,079 Ending Loan Balance - Individually Evaluated — 6,014 — 415 6,429 Allowance for Credit Losses - Loans Individually Evaluated — 582 — — 582
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, 2023, December 31, 2022 and March 31, 2022: Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total March 31, 2023 2023 2022 2021 2020 2019 Prior Commercial: Risk rating Satisfactory $ 4,727 $ 35,164 $ 26,254 $ 12,765 $ 6,830 $ 35,014 $ 8,095 $ — $ 128,849 Special mention — — — 150 — 26 26 — 202 Substandard — — — 230 420 3,420 2,796 — 6,866 Doubtful — — — — — — — — — Total Commercial Loans $ 4,727 $ 35,164 $ 26,254 $ 13,145 $ 7,250 $ 38,460 $ 10,917 $ — $ 135,917 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate: Risk rating Satisfactory $ 12,605 $ 157,534 $ 115,019 $ 122,364 $ 42,710 $ 212,115 $ 1,679 $ — $ 664,026 Special mention — — — — — 5,043 — — 5,043 Substandard — 10,150 — 5,472 806 29,832 28 — 46,288 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 12,605 $ 167,684 $ 115,019 $ 127,836 $ 43,516 $ 246,990 $ 1,707 $ — $ 715,357 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Risk rating Performing $ 71,838 $ 379,339 $ 261,675 $ 138,034 $ 75,650 $ 143,190 $ — $ — $ 1,069,726 Nonperforming — 1,030 1,090 434 261 371 457 — 3,643 Total Consumer Loans $ 71,838 $ 380,369 $ 262,765 $ 138,468 $ 75,911 $ 143,561 $ 457 $ — $ 1,073,369 Current-period gross charge-offs $ 55 $ 305 $ 570 $ 213 $ 111 $ 74 $ — $ — $ 1,328 Residential: Risk rating Performing $ 15,565 $ 219,336 $ 197,436 $ 124,992 $ 80,986 $ 323,945 $ 113,220 $ — $ 1,075,480 Nonperforming — 550 435 939 636 2,462 207 — 5,229 Total Residential Loans $ 15,565 $ 219,886 $ 197,871 $ 125,931 $ 81,622 $ 326,407 $ 113,427 $ — $ 1,080,709 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total Loans $ 104,735 $ 803,103 $ 601,909 $ 405,380 $ 208,299 $ 755,418 $ 126,508 $ — $ 3,005,352 Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total December 31, 2022 2022 2021 2020 2019 2018 Prior Commercial: Risk rating Satisfactory $ 42,038 $ 28,718 $ 16,870 $ 7,857 $ 8,129 $ 20,379 $ 8,909 $ — $ 132,900 Special mention — — — — — 30 30 — 60 Substandard — — 255 478 — 3,464 3,136 — 7,333 Doubtful — — — — — — — — — Total Commercial Loans $ 42,038 $ 28,718 $ 17,125 $ 8,335 $ 8,129 $ 23,873 $ 12,075 $ — $ 140,293 Commercial Real Estate: Risk rating Satisfactory $ 152,858 $ 115,111 $ 121,811 $ 43,647 $ 63,913 $ 159,876 $ 1,603 $ — $ 658,819 Special mention 9,678 — — — 789 241 — — 10,708 Substandard 607 — 5,807 812 4,371 25,677 221 — 37,495 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 163,143 $ 115,111 $ 127,618 $ 44,459 $ 69,073 $ 185,794 $ 1,824 $ — $ 707,022 Consumer: Risk rating Performing $ 482,530 $ 284,831 $ 154,819 $ 88,165 $ 38,852 $ 12,032 $ 504 $ — $ 1,061,733 Nonperforming 758 1,468 607 325 157 87 — — 3,402 Total Consumer Loans $ 483,288 $ 286,299 $ 155,426 $ 88,490 $ 39,009 $ 12,119 $ 504 $ — $ 1,065,135 Residential: Risk rating Performing $ 210,565 $ 198,195 $ 128,372 $ 82,965 $ 74,281 $ 259,787 $ 111,563 $ — $ 1,065,728 Nonperforming — 255 939 597 520 2,311 407 — 5,029 Total Residential Loans $ 210,565 $ 198,450 $ 129,311 $ 83,562 $ 74,801 $ 262,098 $ 111,970 $ — $ 1,070,757 Total Loans $ 899,034 $ 628,578 $ 429,480 $ 224,846 $ 191,012 $ 483,884 $ 126,373 $ — $ 2,983,207 Term Loans Amortized Cost Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loan Converted to Term Total March 31, 2022 2022 2021 2020 2019 2018 Prior Commercial: Risk rating Satisfactory $ 8,048 $ 49,980 $ 31,869 $ 10,454 $ 11,149 $ 22,662 $ 7,656 $ — $ 141,818 Special mention — — — — — 50 — — 50 Substandard — 3,504 3,593 541 — — 5,961 — 13,599 Doubtful — — — — — — — — — Total Commercial Loans $ 8,048 $ 53,484 $ 35,462 $ 10,995 $ 11,149 $ 22,712 $ 13,617 $ — $ 155,467 Commercial Real Estate: Risk rating Satisfactory $ 22,582 $ 143,784 $ 270,523 $ 42,126 $ 37,604 $ 75,806 $ 1,554 $ — $ 593,979 Special mention 627 — 5,825 1,193 — 1,213 — — 8,858 Substandard 2,241 4,852 16,073 3,877 95 8,462 — — 35,600 Doubtful — — — — — — — — — Total Commercial Real Estate Loans $ 25,450 $ 148,636 $ 292,421 $ 47,196 $ 37,699 $ 85,481 $ 1,554 $ — $ 638,437 Consumer: Risk rating Performing $ 155,883 $ 369,231 $ 215,735 $ 134,973 $ 69,783 $ 29,427 $ 462 $ — $ 975,494 Nonperforming — 321 296 293 138 106 — — 1,154 Total Consumer Loans $ 155,883 $ 369,552 $ 216,031 $ 135,266 $ 69,921 $ 29,533 $ 462 $ — $ 976,648 Residential: Risk rating Performing $ 37,795 $ 193,693 $ 144,671 $ 89,415 $ 83,582 $ 294,391 $ 120,949 $ — $ 964,496 Nonperforming — — 133 — 27 1,739 320 — 2,219 Total Residential Loans $ 37,795 $ 193,693 $ 144,804 $ 89,415 $ 83,609 $ 296,130 $ 121,269 $ — $ 966,715 Total Loans $ 227,176 $ 765,365 $ 688,718 $ 282,872 $ 202,378 $ 433,856 $ 136,902 $ — $ 2,737,267

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Guarantor Obligations	The following table presents the notional amount and fair value of Arrow's off-balance sheet commitments to extend credit and commitments under standby letters of credit as of March 31, 2023, December 31, 2022 and March 31, 2022: Commitments to Extend Credit and Letters of Credit March 31, 2023 December 31, 2022 March 31, 2022 Notional Amount: Commitments to Extend Credit $ 478,253 $ 424,197 $ 438,055 Standby Letters of Credit 3,424 3,627 3,351 Fair Value: Commitments to Extend Credit $ — $ — $ — Standby Letters of Credit 6 2 23

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
Comprehensive Income (Loss) (Tables)	Mar. 31, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Comprehensive Income	The following table presents the components of other comprehensive income (loss) for the three month periods ended March 31, 2023 and 2022: Schedule of Comprehensive Income (Loss) Three Months Ended March 31, Tax Before-Tax (Expense) Net-of-Tax Amount Benefit Amount 2023 Net Unrealized Securities Holding Gain on Securities Available-for-Sale Arising During the Period $ 8,219 $ (2,120) $ 6,099 Net Unrealized Loss on Cash Flow Swap (800) 207 (593) Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense 198 (51) 147 Amortization of Net Retirement Plan Actuarial Gain (25) 7 (18) Amortization of Net Retirement Plan Prior Service Cost 52 (15) 37 Other Comprehensive Income $ 7,644 $ (1,972) $ 5,672 2022 Net Unrealized Securities Holding Loss on Securities Available-for-Sale Arising During the Period $ (29,955) $ 7,659 $ (22,296) Net Unrealized Gain on Cash Flow Swap 1,512 (387) 1,125 Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense (29) 8 (21) Amortization of Net Retirement Plan Actuarial Loss 57 (15) 42 Amortization of Net Retirement Plan Prior Service Cost 7 (1) 6 Other Comprehensive Loss $ (28,408) $ 7,264 $ (21,144)
Changes in Accumulated Other Comprehensive Income By Component	The following table presents the changes in accumulated other comprehensive (loss) income by component: Changes in Accumulated Other Comprehensive (Loss) Income by Component (1) Unrealized Loss on Available-for-Sale Securities Unrealized Gain on Cash Flow Swap Defined Benefit Plan Items Total Net Actuarial Loss Net Prior Service Cost For the quarter-to-date periods ended: December 31, 2022 $ (48,841) $ 4,054 $ (4,467) $ (401) $ (49,655) Other comprehensive income or loss before reclassifications 6,099 (593) — — 5,506 Amounts reclassified from accumulated other comprehensive income or loss — 147 (18) 37 166 Net current-period other comprehensive income or loss 6,099 (446) (18) 37 5,672 March 31, 2023 $ (42,742) $ 3,608 $ (4,485) $ (364) $ (43,983) December 31, 2021 $ (614) $ 1,320 $ 639 $ (998) $ 347 Other comprehensive income or loss before reclassifications (22,296) 1,125 — — (21,171) Amounts reclassified from accumulated other comprehensive income or loss — (21) 42 6 27 Net current-period other comprehensive (loss) or income (22,296) 1,104 42 6 (21,144) March 31, 2022 $ (22,910) $ 2,424 $ 681 $ (992) $ (20,797)
Reclassification out of Accumulated Other Comprehensive Income	The following table presents the reclassifications out of accumulated other comprehensive income or loss: Reclassifications Out of Accumulated Other Comprehensive Income or Loss Details about Accumulated Other Comprehensive Income or Loss Components Amounts Reclassified from Accumulated Other Comprehensive Income or Loss Affected Line Item in the Statement Where Net Income Is Presented For the quarter-to-date periods ended: March 31, 2023 Reclassification of Net Unrealized Loss on Cash Flow Hedge Agreements to Interest Expense $ (198) Interest expense Amortization of defined benefit pension items: Prior-service costs (52) (1) Salaries and Employee Benefits Actuarial gain 25 (1) Salaries and Employee Benefits (225) Total before Tax 59 Provision for Income Taxes Total reclassifications for the period $ (166) Net of Tax March 31, 2022 Reclassification of Net Unrealized Gain on Cash Flow Hedge Agreements to Interest Expense $ 29 Interest expense Amortization of defined benefit pension items: Prior-service costs $ (7) (1) Salaries and Employee Benefits Actuarial loss (57) (1) Salaries and Employee Benefits (35) Total before Tax 8 Provision for Income Taxes Total reclassifications for the period $ (27) Net of Tax (1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table summarizes information about stock option activity for the year to date period ended March 31, 2023: Shares Weighted Average Exercise Price Outstanding at January 1, 2023 279,050 $ 29.41 Granted 56,000 32.41 Exercised (3,772) 21.58 Forfeited (1,306) 18.60 Outstanding at March 31, 2023 329,972 30.06 Vested at Period-End 198,989 28.59 Expected to Vest 130,983 32.28 Stock Options Granted Weighted Average Grant Date Information: Fair Value of Options Granted $ 8.02 Fair Value Assumptions: Dividend Yield 3.30 % Expected Volatility 28.38 % Risk Free Interest Rate 3.57 % Expected Lives (in years) 8.34
Schedule of Stock Options Roll Forward	The following table summarizes information about stock option activity for the year to date period ended March 31, 2023: Shares Weighted Average Exercise Price Outstanding at January 1, 2023 279,050 $ 29.41 Granted 56,000 32.41 Exercised (3,772) 21.58 Forfeited (1,306) 18.60 Outstanding at March 31, 2023 329,972 30.06 Vested at Period-End 198,989 28.59 Expected to Vest 130,983 32.28 Stock Options Granted Weighted Average Grant Date Information: Fair Value of Options Granted $ 8.02 Fair Value Assumptions: Dividend Yield 3.30 % Expected Volatility 28.38 % Risk Free Interest Rate 3.57 % Expected Lives (in years) 8.34
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table presents information on the amounts expensed related to stock options for the three month periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Amount expensed $ 85 $ 75 The following table presents information on the amounts expensed related to restricted stock units for the periods ended March 31, 2023 and 2022: For the Three Months Ended March 31, 2023 2022 Amount expensed $ 37 $ 35
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes information about restricted stock unit activity for the periods ended March 31, 2023 and 2022: Restricted Stock Units Weighted Average Grant Date Fair Value Non-vested at January 1, 2023 13,520 $ 31.38 Granted 5,014 32.41 Vested (4,182) 32.29 Non-vested at March 31, 2023 14,352 31.48 Non-vested at January 1, 2022 13,599 29.27 Granted 4,312 34.79 Vested (4,391) 28.17 Non-vested at March 31, 2022 13,520 31.38

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	3 Months Ended
Retirement Benefit Plans (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following tables provide the components of net periodic benefit costs for the three-month periods ended March 31, 2023 and 2022: Employees' Select Executive Postretirement Pension Retirement Benefit Plan Plan Plans Net Periodic Cost For the Three Months Ended March 31, 2023: Service Cost 1 $ 413 $ 163 $ 18 Interest Cost 2 530 62 87 Expected Return on Plan Assets 2 (857) — — Amortization of Prior Service Cost 2 16 10 26 Amortization of Net Loss (Gain) 2 36 18 (79) Net Periodic Cost $ 138 $ 253 $ 52 Plan Contributions During the Period $ — $ 116 $ 27 For the Three Months Ended March 31, 2022: Service Cost 1 $ 488 $ 147 $ 27 Interest Cost 2 367 51 64 Expected Return on Plan Assets 2 (1,099) — — Amortization of Prior Service Cost 2 19 11 27 Amortization of Net Loss (Gain) 2 — 39 (32) Net Periodic (Benefit) Cost $ (225) $ 248 $ 86 Plan Contributions During the Period $ — $ 116 $ 55 Estimated Future Contributions in the Current Fiscal Year $ — $ 154 $ 81 Footnotes: 1. Included in Salaries and Employee Benefits on the Consolidated Statements of Income 2. Included in Other Operating Expense on the Consolidated Statements of Income

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per common share (EPS) for periods ended March 31, 2023 and 2022. When applicable, share and per share amounts have been adjusted for the September 23, 2022, 3% stock dividend. Earnings Per Share Three Months Ended March 31, 2023 March 31, 2022 Earnings Per Share - Basic: Net Income $ 8,562 $ 12,575 Weighted Average Shares - Basic 16,552 16,511 Earnings Per Share - Basic $ 0.52 $ 0.76 Earnings Per Share - Diluted: Net Income $ 8,562 $ 12,575 Weighted Average Shares - Basic 16,552 16,511 Dilutive Average Shares Attributable to Stock Options 12 55 Weighted Average Shares - Diluted 16,564 16,566 Earnings Per Share - Diluted $ 0.52 $ 0.76

Fair Values (Tables)

Fair Values (Tables)	3 Months Ended
Fair Values (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The table below presents the financial instrument's fair value and the amounts within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement: Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Fair Value of Assets and Liabilities Measured on a Recurring Basis: March 31, 2023 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 177,585 $ — $ 177,585 $ — State and Municipal Obligations 320 — 320 — Mortgage-Backed Securities 386,988 — 386,988 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 565,693 — 565,693 — Equity Securities 2,070 — 2,070 — Total Securities Measured on a Recurring Basis 567,763 — 567,763 — Derivatives, included in other assets 6,206 — 6,206 — Total Measured on a Recurring Basis $ 573,969 $ — $ 573,969 $ — Liabilities: Derivatives, included in other liabilities 6,206 — 6,206 — Total Measured on a Recurring Basis $ 6,206 $ — $ 6,206 $ — December 31, 2022 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 175,199 $ — $ 175,199 $ — State and Municipal Obligations 340 — 340 — Mortgage-Backed Securities 397,156 — 397,156 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 573,495 — 573,495 — Equity Securities 2,174 — 2,174 — Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Total Securities Measured on a Recurring Basis 575,669 — 575,669 — Derivatives, included in other liabilities 7,506 — 7,506 — Total Measured on a Recurring Basis $ 583,175 $ — $ 583,175 $ — Liabilities: Derivatives, included in other liabilities $ 7,506 — $ 7,506 — Total Measured on a Recurring Basis $ 7,506 $ — $ 7,506 $ — March 31, 2022 Assets: Securities Available-for Sale: U.S. Government & Agency Obligations $ 132,744 $ — $ 132,744 $ — State and Municipal Obligations 380 — 380 — Mortgage-Backed Securities 448,504 — 448,504 — Corporate and Other Debt Securities 800 — 800 — Total Securities Available-for-Sale 582,428 — 582,428 — Equity Securities 1,877 — 1,877 — Total Securities Measured on a Recurring Basis 584,305 — 584,305 — Derivatives, included in other assets 4,131 — 4,131 — Total Measured on a Recurring Basis $ 588,436 $ — $ 588,436 $ — Liabilities: Derivatives, included in other liabilities 4,131 — 4,131 — Total Measured on a Recurring Basis $ 4,131 $ — $ 4,131 $ — Fair Value Quoted Prices Significant Other Significant Unobservable Inputs Gains (Losses) Recognized in Earnings Fair Value of Assets and Liabilities Measured on a Nonrecurring Basis: March 31, 2023 Collateral Dependent Evaluated Loans $ — $ — $ — $ — Other Real Estate Owned and Repossessed Assets, Net 144 — — 144 — December 31, 2022 Collateral Dependent Impaired Loans $ — $ — $ — $ — Other Real Estate Owned and Repossessed Assets, Net 593 — — 593 — March 31, 2022 Collateral Dependent Impaired Loans $ 2,168 $ — $ — $ 2,168 Other Real Estate Owned and Repossessed Assets, Net 180 — — 180 —
Fair Value, by Balance Sheet Grouping	The following table presents a summary of the carrying amount, the fair value or an amount approximating fair value and the fair value hierarchy of Arrow’s financial instruments: Schedule of Fair Values by Balance Sheet Grouping Fair Value Hierarchy Carrying Value Fair Value Level 1 Level 2 Level 3 March 31, 2023 Cash and Cash Equivalents $ 203,472 $ 203,472 $ 203,472 $ — $ — Securities Available-for-Sale 565,693 565,693 — 565,693 — Securities Held-to-Maturity 167,347 164,439 — 164,439 — Equity Securities 2,070 2,070 — 2,070 — Federal Home Loan Bank and Federal 10,027 10,027 — 10,027 — Net Loans 2,974,568 2,705,312 — — 2,705,312 Accrued Interest Receivable 9,857 9,857 — 9,857 — Derivatives, included in other assets 6,206 6,206 6,206 Deposits 3,546,349 3,540,854 — 3,540,854 — Federal Home Loan Bank Term Advances 107,800 107,830 — 107,830 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 1,170 1,170 — 1,170 — Derivatives, included in other liabilities 6,206 6,206 — 6,206 — December 31, 2022 Cash and Cash Equivalents $ 64,660 $ 64,660 $ 64,660 $ — $ — Securities Available-for-Sale 573,495 573,495 — 573,495 — Securities Held-to-Maturity 175,364 171,623 — 171,623 — Equity Securities 2,174 2,174 2,174 Federal Home Loan Bank and Federal 6,064 6,064 — 6,064 — Net Loans 2,953,255 2,742,721 — — 2,742,721 Accrued Interest Receivable 9,890 9,890 — 9,890 — Derivatives, included in other assets 7,506 7,506 — 7,506 — Deposits 3,498,364 3,492,021 — 3,492,021 — Federal Home Loan Bank Term Advances 27,800 27,800 — 27,800 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 357 357 — 357 — Derivatives, included in other liabilities 7,506 7,506 — 7,506 — March 31, 2022 Cash and Cash Equivalents $ 487,578 $ 487,578 $ 487,578 $ — $ — Securities Available-for-Sale 582,428 582,428 — 582,428 — Securities Held-to-Maturity 196,661 195,862 — 195,862 — Equity Securities 1,877 1,877 — 1,877 Federal Home Loan Bank and Federal 4,491 4,491 — 4,491 — Net Loans 2,709,606 2,648,804 — — 2,648,804 Accrued Interest Receivable 8,099 8,099 — 8,099 — Derivatives, included in other assets 4,131 4,131 — 4,131 — Deposits 3,715,373 3,711,189 — 3,711,189 — Federal Home Loan Bank Term Advances 25,000 25,001 — 25,001 — Junior Subordinated Obligations Issued 20,000 20,000 — 20,000 — Accrued Interest Payable 102 102 — 102 — Derivatives, included in other liabilities 4,131 4,131 — 4,131 —

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2023
Leases [Abstract]
Lease, Cost	The following includes quantitative data related to Arrow's leases as of and for the three months ended March 31, 2023 and March 31, 2022: Three Months Ended Finance Lease Amounts: Classification March 31, 2023 March 31, 2022 Right-of-Use Assets Premises and Equipment, Net $ 4,593 $ 4,770 Lease Liabilities Finance Leases 5,106 5,156 Operating Lease Amounts: Right-of-Use Assets Other Assets $ 5,388 $ 6,676 Lease Liabilities Other Liabilities 5,584 6,863 Other Information: Cash Paid For Amounts Included In The Measurement Of Lease Liabilities: Operating Outgoing Cash Flows From Finance Leases $ 49 $ 49 Operating Outgoing Cash Flows From Operating Leases 257 260 Financing Outgoing Cash Flows From Finance Leases 13 13 Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities — — Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities 19 — Weighted-average Remaining Lease Term - Finance Leases (Yrs.) 27.00 28.00 Weighted-average Remaining Lease Term - Operating Leases (Yrs.) 11.45 11.20 Weighted-average Discount Rate—Finance Leases 3.75 % 3.75 % Weighted-average Discount Rate—Operating Leases 2.97 % 2.81 % Lease cost information for Arrow's leases is as follows: Three Months Ended March 31, 2023 March 31, 2022 Lease Cost: Finance Lease Cost: Reduction of Right-of-Use Assets $ 44 $ 44 Interest on Lease Liabilities 49 49 Operating Lease Cost 298 312 Short-term Lease Cost 14 10 Variable Lease Cost 73 95 Total Lease Cost $ 478 $ 510
Lessee, Operating Lease, Liability, Maturity	Future Lease Payments at March 31, 2023 are as follows: Operating Leases Financing Leases Twelve Months Ended: 3/31/2024 $ 866 $ 243 3/31/2025 685 254 3/31/2026 625 265 3/31/2027 561 268 3/31/2028 526 268 Thereafter 3,455 7,197 Total Undiscounted Cash Flows $ 6,718 $ 8,495 Less: Net Present Value Adjustment 1,134 3,389 Lease Liability $ 5,584 $ 5,106
Finance Lease, Liability, Maturity	Future Lease Payments at March 31, 2023 are as follows: Operating Leases Financing Leases Twelve Months Ended: 3/31/2024 $ 866 $ 243 3/31/2025 685 254 3/31/2026 625 265 3/31/2027 561 268 3/31/2028 526 268 Thereafter 3,455 7,197 Total Undiscounted Cash Flows $ 6,718 $ 8,495 Less: Net Present Value Adjustment 1,134 3,389 Lease Liability $ 5,584 $ 5,106

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table depicts the fair value adjustment recorded related to the notional amount of derivatives outstanding as well as the notional amount of the interest rate swap agreements: Derivatives Not Designated as Hedging Instruments - Interest Rate Swap Agreements March 31, 2023 December 31, 2022 March 31, 2022 Fair value adjustment included in other assets $ 6,206 $ 7,506 $ 4,131 Fair value adjustment included in other liabilities 6,206 7,506 4,131 Notional amount 126,637 127,763 171,182
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table indicates the effect of cash flow hedge accounting on AOCI and on the unaudited interim consolidated statement of income: Derivatives Designated as Hedging Instruments - Cash Flow Hedge Agreements Three Months Ended Twelve Months Ended Three Months Ended March 31, 2023 December 31, 2022 March 31, 2022 Amount of (loss) gain recognized in AOCI $ (800) $ 3,467 $ 1,512 Amount of (loss) gain reclassified from AOCI to interest expense (198) (204) 29

Risks and Uncertainties (Detail

Risks and Uncertainties (Details)	3 Months Ended
Risks and Uncertainties (Details)	Mar. 31, 2023 bank subsidiaryBusinessTrust
Risks and Uncertainties [Abstract]
Number of banks \| bank	2
Number of business subsidiary trusts \| subsidiaryBusinessTrust	2

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and Due From Banks	$ 25,107	$ 31,886	$ 38,964
Interest Bearing Deposits at Banks	178,365	32,774	448,614
Total Cash and Cash Equivalents	203,472	$ 64,660	$ 487,578	$ 457,696
Additional FHLB term advances	$ 80,000

Investment Securities - Availab

Investment Securities - Available for Sale (Details) $ in Thousands	Mar. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security	Mar. 31, 2022 USD ($) security
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	$ 623,074	$ 639,095	$ 613,209
Gross Unrealized Gains	160	80	232
Gross Unrealized Losses	(57,541)	(65,680)	(31,013)
Available-for-Sale at Fair Value	565,693	573,495	582,428
Maturities of Debt Securities, at Amortized Cost:
Within One Year	15,892
From 1 - 5 Years	414,803
From 5 - 10 Years	192,379
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	15,635
From 1 - 5 Years	384,720
From 5 - 10 Years	165,338
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	81,164	250,558	402,206
12 Months or Longer	471,059	293,555	159,551
Total	$ 552,223	$ 544,113	$ 561,757
Number of Securities in a Continuous Loss Position \| security	176	174	148
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 1,833	$ 22,066	$ 18,431
12 Months or Longer	55,708	43,614	12,582
Total	57,541	65,680	31,013
Collateral Pledged
Available-For-Sale Securities
Available-For-Sale Securities, Pledged as Collateral, at Fair Value	360,153	308,266	397,138
U.S. Government & Agency Obligations
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	190,000	190,000	140,000
Gross Unrealized Gains	0	15	21
Gross Unrealized Losses	(12,415)	(14,816)	(7,277)
Available-for-Sale at Fair Value	177,585	175,199	132,744
Maturities of Debt Securities, at Amortized Cost:
Within One Year	15,000
From 1 - 5 Years	175,000
From 5 - 10 Years	0
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	14,769
From 1 - 5 Years	162,816
From 5 - 10 Years	0
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	54,058	66,690	43,518
12 Months or Longer	123,526	93,493	84,205
Total	$ 177,584	$ 160,183	$ 127,723
Number of Securities in a Continuous Loss Position \| security	25	23	18
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 942	$ 3,310	$ 1,482
12 Months or Longer	11,473	11,506	5,795
Total	12,415	14,816	7,277
U.S. Government & Agency Obligations \| Agency Securities
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	190,000	190,000	140,000
Available-for-Sale at Fair Value	177,585	175,199	132,744
State and Municipal Obligations
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	320	340	380
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	0	0	0
Available-for-Sale at Fair Value	320	340	380
Maturities of Debt Securities, at Amortized Cost:
Within One Year	0
From 1 - 5 Years	0
From 5 - 10 Years	320
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	0
From 1 - 5 Years	0
From 5 - 10 Years	320
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	0	0	0
12 Months or Longer	0	0	0
Total	$ 0	$ 0	$ 0
Number of Securities in a Continuous Loss Position \| security	0	0	0
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 0	$ 0	$ 0
12 Months or Longer	0	0	0
Total	0	0	0
Mortgage- Backed Securities
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	431,754	447,755	471,829
Gross Unrealized Gains	160	65	211
Gross Unrealized Losses	(44,926)	(50,664)	(23,536)
Available-for-Sale at Fair Value	386,988	397,156	448,504
Maturities of Debt Securities, at Amortized Cost:
Within One Year	892
From 1 - 5 Years	239,803
From 5 - 10 Years	191,059
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	866
From 1 - 5 Years	221,904
From 5 - 10 Years	164,218
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	27,106	183,868	358,688
12 Months or Longer	346,733	199,262	74,546
Total	$ 373,839	$ 383,130	$ 433,234
Number of Securities in a Continuous Loss Position \| security	150	150	129
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 891	$ 18,756	$ 16,949
12 Months or Longer	44,035	31,908	6,587
Total	44,926	50,664	23,536
Mortgage- Backed Securities \| US Government Agencies Debt Securities
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	7,782	7,934	8,853
Available-for-Sale at Fair Value	7,321	7,433	8,667
Mortgage- Backed Securities \| US Government-sponsored Enterprises Debt Securities
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	423,972	439,821	462,976
Available-for-Sale at Fair Value	379,667	389,723	439,837
Corporate and Other Debt Securities
Available-For-Sale Securities
Available-For-Sale Securities, at Amortized Cost	1,000	1,000	1,000
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	(200)	(200)	(200)
Available-for-Sale at Fair Value	800	800	800
Maturities of Debt Securities, at Amortized Cost:
Within One Year	0
From 1 - 5 Years	0
From 5 - 10 Years	1,000
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	0
From 1 - 5 Years	0
From 5 - 10 Years	800
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	0	0	0
12 Months or Longer	800	800	800
Total	$ 800	$ 800	$ 800
Number of Securities in a Continuous Loss Position \| security	1	1	1
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 0	$ 0	$ 0
12 Months or Longer	200	200	200
Total	$ 200	$ 200	$ 200

Investment Securities - Held to

Investment Securities - Held to Maturity (Details)	3 Months Ended
Investment Securities - Held to Maturity (Details)	Mar. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security	Mar. 31, 2022 USD ($) security
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, available-for-sale, allowance for credit loss, excluding accrued interest	$ 0
Held-To-Maturity Securities, at Amortized Cost	167,347,000	$ 175,364,000	$ 196,661,000
Gross Unrealized Gains	2,000	1,000	180,000
Gross Unrealized Losses	(2,910,000)	(3,742,000)	(979,000)
Held-To-Maturity Securities, at Fair Value	164,439,000	171,623,000	195,862,000
Maturities of Debt Securities, at Amortized Cost:
Within One Year	82,142,000
From 1 - 5 Years	82,861,000
From 5 - 10 Years	2,312,000
Over 10 Years	32,000
Maturities of Debt Securities, at Fair Value:
Within One Year	81,554,000
From 1 - 5 Years	80,545,000
From 5 - 10 Years	2,308,000
Over 10 Years	32,000
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	43,121,000	148,926,000	110,553,000
12 Months or Longer	100,983,000	0	0
Total	$ 144,104,000	$ 148,926,000	$ 110,553,000
Number of Securities in a Continuous Loss Position \| security	402	413	281
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 496,000	$ 3,742,000	$ 979,000
12 Months or Longer	2,414,000	0	0
Total	2,910,000	3,742,000	979,000
Debt securities, available-for-sale, excluding accrued interest, allowance for credit loss, not to sell before recovery, credit loss, previously recorded, expense (reversal)	0
Debt securities, held-to-maturity, allowance for credit loss, excluding accrued interest	0
Equity Securities	2,070,000	2,174,000	1,877,000
State and Municipal Obligations
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Amortized Cost	156,314,000	163,600,000	181,832,000
Gross Unrealized Gains	2,000	1,000	180,000
Gross Unrealized Losses	(2,421,000)	(3,131,000)	(832,000)
Held-To-Maturity Securities, at Fair Value	153,895,000	160,470,000	181,180,000
Maturities of Debt Securities, at Amortized Cost:
Within One Year	82,142,000
From 1 - 5 Years	71,828,000
From 5 - 10 Years	2,312,000
Over 10 Years	32,000
Maturities of Debt Securities, at Fair Value:
Within One Year	81,554,000
From 1 - 5 Years	70,001,000
From 5 - 10 Years	2,308,000
Over 10 Years	32,000
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	43,121,000	137,773,000	96,088,000
12 Months or Longer	90,439,000	0	0
Total	$ 133,560,000	$ 137,773,000	$ 96,088,000
Number of Securities in a Continuous Loss Position \| security	386	397	258
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 496,000	$ 3,131,000	$ 832,000
12 Months or Longer	1,925,000	0	0
Total	2,421,000	3,131,000	832,000
Mortgage-Backed Securities - Residential
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Amortized Cost	11,033,000	11,764,000	14,829,000
Gross Unrealized Gains	0	0	0
Gross Unrealized Losses	(489,000)	(611,000)	(147,000)
Held-To-Maturity Securities, at Fair Value	10,544,000	11,153,000	14,682,000
Maturities of Debt Securities, at Amortized Cost:
Within One Year	0
From 1 - 5 Years	11,033,000
From 5 - 10 Years	0
Over 10 Years	0
Maturities of Debt Securities, at Fair Value:
Within One Year	0
From 1 - 5 Years	10,544,000
From 5 - 10 Years	0
Over 10 Years	0
Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	0	11,153,000	14,465,000
12 Months or Longer	10,544,000	0	0
Total	$ 10,544,000	$ 11,153,000	$ 14,465,000
Number of Securities in a Continuous Loss Position \| security	16	16	23
Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$ 0	$ 611,000	$ 147,000
12 Months or Longer	489,000	0	0
Total	489,000	611,000	147,000
Fair Value, Measurements, Recurring
Unrealized Losses on Securities in a Continuous Loss Position:
Equity Securities	2,070,000	2,174,000	1,877,000
Collateral Pledged
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value	146,902,000	142,982,000	176,635,000
US Government Agencies Debt Securities \| Mortgage-Backed Securities - Residential
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Amortized Cost	3,699,000	3,898,000	4,954,000
US Government Agencies Debt Securities \| Fair Value, Measurements, Recurring \| Mortgage-Backed Securities - Residential
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Fair Value	3,522,000	3,687,000	4,900,000
US Government-sponsored Enterprises Debt Securities \| Mortgage-Backed Securities - Residential
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Amortized Cost	7,334,000	7,866,000	9,875,000
US Government-sponsored Enterprises Debt Securities \| Fair Value, Measurements, Recurring \| Mortgage-Backed Securities - Residential
Schedule of Held-to-maturity Securities [Line Items]
Held-To-Maturity Securities, at Fair Value	$ 7,022,000	$ 7,466,000	$ 9,782,000

Investment Securities - Unreali

Investment Securities - Unrealized Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net (Loss) Gain on Equity Securities	$ (104)	$ 130
Less: Net gain recognized during the reporting period on equity securities sold during the period	0	0
Unrealized net (loss) gain recognized during the reporting period on equity securities still held at the reporting date	$ (104)	$ 130

Loans - Loan Categories and Pas

Loans - Loan Categories and Past Due Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans receivable held-for-sale, net, not part of disposal group	$ 417	$ 656	$ 831
Total	3,005,352	2,983,207	2,737,267
Loans 90 or More Days Past Due and Still Accruing Interest	241	1,157	55
Nonaccrual Loans	10,852	10,757	9,750
Nonaccrual With No Allowance for Credit Loss	10,852
Interest Income on Nonaccrual Loans	0
Commercial
Financing Receivable, Past Due [Line Items]
Total	135,917	140,293	155,467
Loans 90 or More Days Past Due and Still Accruing Interest	0	44	0
Nonaccrual Loans	8	8	70
Nonaccrual With No Allowance for Credit Loss	8
Interest Income on Nonaccrual Loans	0
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	715,357	707,022	638,437
Loans 90 or More Days Past Due and Still Accruing Interest	0	0	0
Nonaccrual Loans	3,085	3,110	6,360
Nonaccrual With No Allowance for Credit Loss	3,085
Interest Income on Nonaccrual Loans	0
Consumer
Financing Receivable, Past Due [Line Items]
Total	1,073,369	1,065,135	976,648
Loans 90 or More Days Past Due and Still Accruing Interest	0	0	0
Nonaccrual Loans	3,123	3,503	1,155
Nonaccrual With No Allowance for Credit Loss	3,123
Interest Income on Nonaccrual Loans	0
Residential
Financing Receivable, Past Due [Line Items]
Total	1,080,709	1,070,757	966,715
Loans 90 or More Days Past Due and Still Accruing Interest	241	1,113	55
Nonaccrual Loans	4,636	4,136	2,165
Nonaccrual With No Allowance for Credit Loss	4,636
Interest Income on Nonaccrual Loans	0
Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Total	23,526	28,907	15,101
Financial Asset, Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Total	109	125	158
Financial Asset, Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	370	346
Financial Asset, Past Due \| Consumer
Financing Receivable, Past Due [Line Items]
Total	18,681	21,677	10,234
Financial Asset, Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Total	4,736	6,735	4,363
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	12,892	15,908	9,265
Financing Receivables, 30 to 59 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Total	62	48	69
Financing Receivables, 30 to 59 Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	370	0
Financing Receivables, 30 to 59 Days Past Due \| Consumer
Financing Receivable, Past Due [Line Items]
Total	11,237	13,657	6,631
Financing Receivables, 30 to 59 Days Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Total	1,593	1,833	2,565
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	4,486	4,662	2,918
Financing Receivables, 60 to 89 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Total	47	33	89
Financing Receivables, 60 to 89 Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0	0
Financing Receivables, 60 to 89 Days Past Due \| Consumer
Financing Receivable, Past Due [Line Items]
Total	4,439	4,517	2,562
Financing Receivables, 60 to 89 Days Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Total	0	112	267
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	6,148	8,337	2,918
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Total	0	44	0
Financing Receivables, Equal to Greater than 90 Days Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0	346
Financing Receivables, Equal to Greater than 90 Days Past Due \| Consumer
Financing Receivable, Past Due [Line Items]
Total	3,005	3,503	1,041
Financing Receivables, Equal to Greater than 90 Days Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Total	3,143	4,790	1,531
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Total	2,981,826	2,954,300	2,722,166
Financial Asset, Not Past Due \| Commercial
Financing Receivable, Past Due [Line Items]
Total	135,808	140,168	155,309
Financial Asset, Not Past Due \| Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	715,357	706,652	638,091
Financial Asset, Not Past Due \| Consumer
Financing Receivable, Past Due [Line Items]
Total	1,054,688	1,043,458	966,414
Financial Asset, Not Past Due \| Residential
Financing Receivable, Past Due [Line Items]
Total	$ 1,075,973	$ 1,064,022	$ 962,352

Loans - Additional Information

Loans - Additional Information (Details) $ in Thousands	3 Months Ended
Loans - Additional Information (Details) $ in Thousands	Mar. 31, 2023 USD ($) loan_portfolio	Mar. 31, 2022 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loan portfolios \| loan_portfolio	4
Provision	$ 1,554	$ 769
Off-balance sheet, credit loss, liability	1,800
Federal Reserve Bank Advances
Financing Receivable, Allowance for Credit Loss [Line Items]
Carrying cost of collateral	982,000
Fair value of collateral	922,000
Federal Home Loan Bank of New York
Financing Receivable, Allowance for Credit Loss [Line Items]
Carrying cost of collateral	930,000
Fair value of collateral	818,000
Federal Home Loan Bank Of New York And Federal Reserve Bank
Financing Receivable, Allowance for Credit Loss [Line Items]
Available borrowing capacity	1,300,000
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision	1,000	$ 475
Mortgage loans in process of foreclosure, amount	$ 3,200
Consumer \| Minimum \| Automobile Loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Principal repayment terms, period	3 years
Consumer \| Minimum \| Credit Card Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Principal repayment terms, period	1 year
Consumer \| Maximum \| Automobile Loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Principal repayment terms, period	7 years
Consumer \| Maximum \| Credit Card Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Principal repayment terms, period	5 years

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) $ in Thousands	3 Months Ended
Loans - Allowance for Loan Losses (Details) $ in Thousands	Mar. 31, 2023 USD ($) loan	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Allowance for Loan Losses, Beginning balance	$ 29,952	$ 27,281
Charge-offs	(1,328)	(829)
Recoveries	606	440
Provision	1,554	769
Allowance for Loan Losses, Ending balance	$ 30,784	27,661
Number of loans individually evaluated for impairment \| loan	5
Number of loans with an allowance for credit loss on loans individually evaluated for impairment \| loan	0
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Ending Loan Balance - Collectively Evaluated	$ 3,000,376	2,730,838	$ 2,978,134
Allowance for Credit Losses - Loans Collectively Evaluated	30,784	27,079	29,952
Ending Loan Balance - Individually Evaluated	4,976	6,429	5,073
Allowance for Credit Losses - Loans Individually Evaluated	0	582	0
Commercial
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Charge-offs	0
Commercial Real Estate
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Charge-offs	0
Consumer
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Allowance for Loan Losses, Beginning balance	2,585	2,402
Charge-offs	(1,328)	(799)
Recoveries	606	432
Provision	1,000	475
Allowance for Loan Losses, Ending balance	2,863	2,510
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Ending Loan Balance - Collectively Evaluated	1,073,369	976,648	1,065,135
Allowance for Credit Losses - Loans Collectively Evaluated	2,863	2,510	2,585
Ending Loan Balance - Individually Evaluated	0	0	0
Allowance for Credit Losses - Loans Individually Evaluated	0	0	0
Residential
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Allowance for Loan Losses, Beginning balance	10,193	9,445
Charge-offs	0	(30)
Recoveries	0	0
Provision	489	(321)
Allowance for Loan Losses, Ending balance	10,682	9,094
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Ending Loan Balance - Collectively Evaluated	1,078,760	966,300	1,068,794
Allowance for Credit Losses - Loans Collectively Evaluated	10,682	9,094	10,193
Ending Loan Balance - Individually Evaluated	1,949	415	1,963
Allowance for Credit Losses - Loans Individually Evaluated	0	0	0
Commercial
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Allowance for Loan Losses, Beginning balance	1,961	2,298
Charge-offs	0	0
Recoveries	0	8
Provision	(224)	209
Allowance for Loan Losses, Ending balance	1,737	2,515
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Ending Loan Balance - Collectively Evaluated	135,917	155,467	140,293
Allowance for Credit Losses - Loans Collectively Evaluated	1,737	2,515	1,961
Ending Loan Balance - Individually Evaluated	0	0	0
Allowance for Credit Losses - Loans Individually Evaluated	0	0	0
Commercial Real Estate
Rollforward of the Allowance for Credit Losses for the Quarterly Period:
Allowance for Loan Losses, Beginning balance	15,213	13,136
Charge-offs	0	0
Recoveries	0	0
Provision	289	406
Allowance for Loan Losses, Ending balance	15,502	13,542
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Ending Loan Balance - Collectively Evaluated	712,330	632,423	703,912
Allowance for Credit Losses - Loans Collectively Evaluated	15,502	12,960	15,213
Ending Loan Balance - Individually Evaluated	3,027	6,014	3,110
Allowance for Credit Losses - Loans Individually Evaluated	$ 0	$ 582	$ 0

Loans - Amortized Cost Basis of

Loans - Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	$ 2,974,568	$ 2,953,255	$ 2,709,606
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	4,976	5,073	6,429
Real Estate \| Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Real Estate \| Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	3,027	3,110	6,014
Real Estate \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Real Estate \| Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	1,949	1,963	415
Residential Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	1,949	1,963	415
Residential Real Estate \| Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Residential Real Estate \| Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Residential Real Estate \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Residential Real Estate \| Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	1,949	1,963	415
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	3,027	3,110	6,014
Commercial Real Estate \| Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Commercial Real Estate \| Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	3,027	3,110	6,014
Commercial Real Estate \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	0	0	0
Commercial Real Estate \| Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Total Loans	$ 0	$ 0	$ 0

Loans - Credit Quality Indicato

Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	$ 104,735	$ 227,176	$ 899,034
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	803,103	765,365	628,578
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	601,909	688,718	429,480
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	405,380	282,872	224,846
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	208,299	202,378	191,012
Prior	755,418	433,856	483,884
Revolving Loans Amortized Cost Basis	126,508	136,902	126,373
Revolving Loan Converted to Term	0	0	0
Total	3,005,352	2,737,267	2,983,207
Total Loans	2,974,568	2,709,606	2,953,255
Current-period gross charge-offs
Total	1,328	829
Commercial
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	4,727	8,048	42,038
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	35,164	53,484	28,718
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	26,254	35,462	17,125
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	13,145	10,995	8,335
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	7,250	11,149	8,129
Prior	38,460	22,712	23,873
Revolving Loans Amortized Cost Basis	10,917	13,617	12,075
Revolving Loan Converted to Term	0	0	0
Total	135,917	155,467	140,293
Current-period gross charge-offs
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, writeoff	0
Prior	0
Revolving Loans Amortized Cost Basis	0
Revolving Loan Converted to Term	0
Total	0
Commercial Real Estate
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	12,605	25,450	163,143
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	167,684	148,636	115,111
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	115,019	292,421	127,618
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	127,836	47,196	44,459
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	43,516	37,699	69,073
Prior	246,990	85,481	185,794
Revolving Loans Amortized Cost Basis	1,707	1,554	1,824
Revolving Loan Converted to Term	0	0	0
Total	715,357	638,437	707,022
Current-period gross charge-offs
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, writeoff	0
Prior	0
Revolving Loans Amortized Cost Basis	0
Revolving Loan Converted to Term	0
Total	0
Consumer
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	71,838	155,883	483,288
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	380,369	369,552	286,299
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	262,765	216,031	155,426
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	138,468	135,266	88,490
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	75,911	69,921	39,009
Prior	143,561	29,533	12,119
Revolving Loans Amortized Cost Basis	457	462	504
Revolving Loan Converted to Term	0	0	0
Total	1,073,369	976,648	1,065,135
Current-period gross charge-offs
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, writeoff	55
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, writeoff	305
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, writeoff	570
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, writeoff	213
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, writeoff	111
Prior	74
Revolving Loans Amortized Cost Basis	0
Revolving Loan Converted to Term	0
Total	1,328	799
Residential
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	15,565	37,795	210,565
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	219,886	193,693	198,450
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	197,871	144,804	129,311
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	125,931	89,415	83,562
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	81,622	83,609	74,801
Prior	326,407	296,130	262,098
Revolving Loans Amortized Cost Basis	113,427	121,269	111,970
Revolving Loan Converted to Term	0	0	0
Total	1,080,709	966,715	1,070,757
Current-period gross charge-offs
Financing receivable, excluding accrued interest, year one, originated, current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year, writeoff	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year, writeoff	0
Prior	0
Revolving Loans Amortized Cost Basis	0
Revolving Loan Converted to Term	0
Total	0	30
Satisfactory \| Commercial
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	4,727	8,048	42,038
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	35,164	49,980	28,718
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	26,254	31,869	16,870
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	12,765	10,454	7,857
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	6,830	11,149	8,129
Prior	35,014	22,662	20,379
Revolving Loans Amortized Cost Basis	8,095	7,656	8,909
Revolving Loan Converted to Term	0	0	0
Total	128,849	141,818	132,900
Satisfactory \| Commercial Real Estate
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	12,605	22,582	152,858
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	157,534	143,784	115,111
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	115,019	270,523	121,811
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	122,364	42,126	43,647
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	42,710	37,604	63,913
Prior	212,115	75,806	159,876
Revolving Loans Amortized Cost Basis	1,679	1,554	1,603
Revolving Loan Converted to Term	0	0	0
Total	664,026	593,979	658,819
Special Mention \| Commercial
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	150	0	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	0	0	0
Prior	26	50	30
Revolving Loans Amortized Cost Basis	26	0	30
Revolving Loan Converted to Term	0	0	0
Total	202	50	60
Special Mention \| Commercial Real Estate
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	627	9,678
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	5,825	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	0	1,193	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	0	0	789
Prior	5,043	1,213	241
Revolving Loans Amortized Cost Basis	0	0	0
Revolving Loan Converted to Term	0	0	0
Total	5,043	8,858	10,708
Substandard \| Commercial
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	0	3,504	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	3,593	255
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	230	541	478
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	420	0	0
Prior	3,420	0	3,464
Revolving Loans Amortized Cost Basis	2,796	5,961	3,136
Revolving Loan Converted to Term	0	0	0
Total	6,866	13,599	7,333
Substandard \| Commercial Real Estate
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	2,241	607
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	10,150	4,852	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	16,073	5,807
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	5,472	3,877	812
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	806	95	4,371
Prior	29,832	8,462	25,677
Revolving Loans Amortized Cost Basis	28	0	221
Revolving Loan Converted to Term	0	0	0
Total	46,288	35,600	37,495
Doubtful \| Commercial
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	0	0	0
Prior	0	0	0
Revolving Loans Amortized Cost Basis	0	0	0
Revolving Loan Converted to Term	0	0	0
Total	0	0	0
Doubtful \| Commercial Real Estate
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	0	0	0
Prior	0	0	0
Revolving Loans Amortized Cost Basis	0	0	0
Revolving Loan Converted to Term	0	0	0
Total	0	0	0
Performing \| Consumer
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	71,838	155,883	482,530
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	379,339	369,231	284,831
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	261,675	215,735	154,819
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	138,034	134,973	88,165
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	75,650	69,783	38,852
Prior	143,190	29,427	12,032
Revolving Loans Amortized Cost Basis	0	462	504
Revolving Loan Converted to Term	0	0	0
Total	1,069,726	975,494	1,061,733
Performing \| Residential
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	15,565	37,795	210,565
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	219,336	193,693	198,195
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	197,436	144,671	128,372
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	124,992	89,415	82,965
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	80,986	83,582	74,281
Prior	323,945	294,391	259,787
Revolving Loans Amortized Cost Basis	113,220	120,949	111,563
Revolving Loan Converted to Term	0	0	0
Total	1,075,480	964,496	1,065,728
Nonperforming \| Consumer
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	758
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	1,030	321	1,468
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	1,090	296	607
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	434	293	325
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	261	138	157
Prior	371	106	87
Revolving Loans Amortized Cost Basis	457	0	0
Revolving Loan Converted to Term	0	0	0
Total	3,643	1,154	3,402
Nonperforming \| Residential
Total Loans
Financing receivable, excluding accrued interest, year one, originated, current fiscal year	0	0	0
Financing receivable, excluding accrued interest, year two, originated, fiscal year before current fiscal year	550	0	255
Financing receivable, excluding accrued interest, year three, originated, two years before current fiscal year	435	133	939
Financing receivable, excluding accrued interest, year four, originated, three years before current fiscal year	939	0	597
Financing receivable, excluding accrued interest, year five, originated, four years before current fiscal year	636	27	520
Prior	2,462	1,739	2,311
Revolving Loans Amortized Cost Basis	207	320	407
Revolving Loan Converted to Term	0	0	0
Total	$ 5,229	$ 2,219	$ 5,029

Commitments and Contingencies -

Commitments and Contingencies - Commitments to Extend Credit and Letters of Credit (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Commitments to Extend Credit
Loan Commitments and Letters of Credit [Line Items]
Notional Amount	$ 478,253	$ 424,197	$ 438,055
Fair Value	0	0	0
Standby Letters of Credit
Loan Commitments and Letters of Credit [Line Items]
Notional Amount	3,424	3,627	3,351
Fair Value	$ 6	$ 2	$ 23
Minimum \| Standby Letters of Credit
Loan Commitments and Letters of Credit [Line Items]
Loan commitments, fixed fee percent	1%
Maximum \| Standby Letters of Credit
Loan Commitments and Letters of Credit [Line Items]
Loan commitments, fixed fee percent	3%

Comprehensive Income (Loss) - S

Comprehensive Income (Loss) - Schedule of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Before-Tax Amount
Other comprehensive (loss) income, before tax	$ 7,644	$ (28,408)
Tax (Expense) Benefit
Other comprehensive (loss) income, tax	(1,972)	7,264
Net-of-Tax Amount
Other comprehensive (loss) income before reclassifications	5,506	(21,171)
Reclassification from AOCI, current period	166	27
Other Comprehensive Income (Loss)	5,672	(21,144)
Unrealized Gains and Losses on Available for Sale Securities
Before-Tax Amount
OCI, before reclassifications	8,219	(29,955)
Tax (Expense) Benefit
Other comprehensive (loss) income before reclassifications, tax	(2,120)	7,659
Net-of-Tax Amount
Other comprehensive (loss) income before reclassifications	6,099	(22,296)
Reclassification from AOCI, current period	0	0
Other Comprehensive Income (Loss)	6,099	(22,296)
Unrealized Loss on Cash Flow Swap
Before-Tax Amount
OCI, before reclassifications	(800)	1,512
Reclassification from AOCI, current period	198	(29)
Tax (Expense) Benefit
Other comprehensive (loss) income before reclassifications, tax	207	(387)
Reclassification from AOCI, current period	(51)	8
Net-of-Tax Amount
Other comprehensive (loss) income before reclassifications	(593)	1,125
Reclassification from AOCI, current period	147	(21)
Other Comprehensive Income (Loss)	(446)	1,104
Amortization of Net Retirement Plan Actuarial Gain (Loss)
Before-Tax Amount
Reclassification from AOCI, current period	(25)	57
Tax (Expense) Benefit
Reclassification from AOCI, current period	7	(15)
Net-of-Tax Amount
Other comprehensive (loss) income before reclassifications	0	0
Reclassification from AOCI, current period	(18)	42
Other Comprehensive Income (Loss)	(18)	42
Amortization of Defined Benefit Pension, Prior-Service Costs
Before-Tax Amount
Reclassification from AOCI, current period	52	7
Tax (Expense) Benefit
Reclassification from AOCI, current period	(15)	(1)
Net-of-Tax Amount
Other comprehensive (loss) income before reclassifications	0	0
Reclassification from AOCI, current period	37	6
Other Comprehensive Income (Loss)	$ 37	$ 6

Comprehensive Income (Loss) - C

Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income By Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	$ 353,538	$ 371,186
Other comprehensive income or loss before reclassifications	5,506	(21,171)
Amounts reclassified from accumulated other comprehensive income or loss	166	27
Other Comprehensive Income (Loss)	5,672	(21,144)
Stockholders' equity, ending balance	363,371	357,243
AOCI Attributable to Parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	(49,655)	347
Other Comprehensive Income (Loss)	5,672	(21,144)
Stockholders' equity, ending balance	(43,983)	(20,797)
Unrealized Gains and Losses on Available for Sale Securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	(48,841)	(614)
Other comprehensive income or loss before reclassifications	6,099	(22,296)
Amounts reclassified from accumulated other comprehensive income or loss	0	0
Other Comprehensive Income (Loss)	6,099	(22,296)
Stockholders' equity, ending balance	(42,742)	(22,910)
Unrealized Loss on Cash Flow Swap
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	4,054	1,320
Other comprehensive income or loss before reclassifications	(593)	1,125
Amounts reclassified from accumulated other comprehensive income or loss	147	(21)
Other Comprehensive Income (Loss)	(446)	1,104
Stockholders' equity, ending balance	3,608	2,424
Net Actuarial Gain (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	(4,467)	639
Other comprehensive income or loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income or loss	(18)	42
Other Comprehensive Income (Loss)	(18)	42
Stockholders' equity, ending balance	(4,485)	681
Net Prior Service (Cost) Credit
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Stockholders' equity, beginning balance	(401)	(998)
Other comprehensive income or loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income or loss	37	6
Other Comprehensive Income (Loss)	37	6
Stockholders' equity, ending balance	$ (364)	$ (992)

Comprehensive Income (Loss) - R

Comprehensive Income (Loss) - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 8,016	$ 1,122
Salaries and Employee Benefits	11,947	11,286
Total before Tax	10,921	16,273
Provision for income taxes	(2,359)	(3,698)
Net Income	8,562	12,575
Amounts Reclassified from Accumulated Other Comprehensive Income \| Unrealized Loss on Cash Flow Swap
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	(198)	29
Amounts Reclassified from Accumulated Other Comprehensive Income \| Amortization of Defined Benefit Pension, Prior-Service Costs
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Salaries and Employee Benefits	(52)	(7)
Amounts Reclassified from Accumulated Other Comprehensive Income \| Amortization of Defined Benefit Pension, Actuarial Loss
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Salaries and Employee Benefits	25	(57)
Amounts Reclassified from Accumulated Other Comprehensive Income \| Accumulated Defined Benefit Plans Adjustment
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before Tax	(225)	(35)
Provision for income taxes	59	8
Net Income	$ (166)	$ (27)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	3 Months Ended
Stock-Based Compensation (Details)	Mar. 31, 2023 plan $ / shares shares	Sep. 23, 2022
Share-Based Payment Arrangement [Abstract]
Number of plans \| plan	3
Stock dividend, percent		3%
Shares
Outstanding, beginning of period (in shares) \| shares	279,050
Granted (in shares) \| shares	56,000
Exercised (in shares) \| shares	(3,772)
Forfeited (in shares) \| shares	(1,306)
Outstanding, end of period (in shares) \| shares	329,972
Vested at period end (in shares) \| shares	198,989
Expected to vest (in shares) \| shares	130,983
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 29.41
Granted (in dollars per share)	32.41
Exercised (in dollars per share)	21.58
Forfeited (in dollars per share)	18.60
Outstanding, end of period (in dollars per share)	30.06
Vested at period end (in dollars per share)	28.59
Expected to vest (in dollars per share)	32.28
Fair Value of Options Granted (in dollars per share)	$ 8.02
Dividend Yield	3.30%
Expected Volatility	28.38%
Risk Free Interest Rate	3.57%
Expected Lives (in years)	8 years 4 months 2 days
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period (in years)	10 years
Award vesting period (in years)	4 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount expensed	$ 85	$ 75
Discount from market price, percent	5%
Restricted Stock Units (RSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount expensed	$ 37	$ 35

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Units (Details) - Restricted Stock Units (RSU) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restricted Stock Units
Balance at Beginning of Period (in shares)	13,520	13,599
Granted (in shares)	5,014	4,312
Vested (in shares)	(4,182)	(4,391)
Balance at End of Period (in shares)	14,352	13,520
Weighted Average Grant Date Fair Value
Outstanding at Beginning of period (in dollars per share)	$ 31.38	$ 29.27
Granted (in dollars per share)	32.41	34.79
Vested (in dollars per share)	32.29	28.17
Outstanding at End of period (in dollars per share)	$ 31.48	$ 31.38

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details)	3 Months Ended		12 Months Ended
Retirement Benefit Plans (Details)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Net Periodic Benefit Cost [Line Items]
Interest credit under cash balance plan	0.03
Employer matching contribution, percentage	5%
Service cost and interest cost			$ 3,300,000
Unamortized net loss			$ 7,200,000
Benefit obligation from lump sum payment to total benefit obligation ratio			8.06%
Defined benefit plan, net periodic benefit cost, loss due to settlement			$ 577,000
Employees' Pension Plan
Net Periodic Benefit Cost [Line Items]
Assumptions used calculating benefit obligation, interest rate to annuitize cash balance account			509%
Defined benefit plan, increase in benefit payable, percent	3%
Defined benefit plan, benefit obligation, increase (decrease) for plan amendment	$ 351,638
Defined benefit plan, amortization of service cost	9 years 8 months 12 days
Service Cost	$ 413,000	$ 488,000
Interest Cost	530,000	367,000
Expected Return on Plan Assets	(857,000)	(1,099,000)
Amortization of Prior Service Cost	16,000	19,000
Amortization of Net Loss (Gain)	36,000	0
Net Periodic Cost	138,000	(225,000)
Plan Contributions During the Period	0	0
Estimated Future Contributions in the Current Fiscal Year	$ 0
Select Executive Retirement Plan
Net Periodic Benefit Cost [Line Items]
Assumptions used calculating benefit obligation, interest rate to annuitize cash balance account			560%
Defined benefit plan, amortization of service cost	12 years 6 months
Defined benefit plan, benefit obligation, period increase (decrease)	$ 122,797
Service Cost	163,000	147,000
Interest Cost	62,000	51,000
Expected Return on Plan Assets	0	0
Amortization of Prior Service Cost	10,000	11,000
Amortization of Net Loss (Gain)	18,000	39,000
Net Periodic Cost	253,000	248,000
Plan Contributions During the Period	116,000	116,000
Estimated Future Contributions in the Current Fiscal Year	154,000
Post-Retirement Benefit Plans
Net Periodic Benefit Cost [Line Items]
Assumptions used calculating benefit obligation, interest rate to annuitize cash balance account			5.41%
Service Cost	18,000	27,000
Interest Cost	87,000	64,000
Expected Return on Plan Assets	0	0
Amortization of Prior Service Cost	26,000	27,000
Amortization of Net Loss (Gain)	(79,000)	(32,000)
Net Periodic Cost	52,000	86,000
Plan Contributions During the Period	27,000	$ 55,000
Estimated Future Contributions in the Current Fiscal Year	$ 81,000
On or Subsequent to January 1, 2003
Net Periodic Benefit Cost [Line Items]
Service credits, percent of eligible salaries	6%
Minimum \| Prior to January 1, 2003
Net Periodic Benefit Cost [Line Items]
Service credits, percent of eligible salaries	6%
Maximum \| Prior to January 1, 2003
Net Periodic Benefit Cost [Line Items]
Service credits, percent of eligible salaries	12%

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Sep. 23, 2022
Earnings Per Share [Abstract]
Stock dividend, percent				3%
Net Income		$ 8,562	$ 12,575
Weighted Average Shares - Basic (in shares)	[1]	16,552	16,511
Earnings Per Share - Basic (in dollars per share)		$ 0.52	$ 0.76
Dilutive Average Shares Attributable to Stock Options (in shares)		12	55
Weighted Average Shares - Diluted (in shares)	[1]	16,564	16,566
Earnings Per Share - Diluted (in dollars per share)		$ 0.52	$ 0.76

[1] 2022 Share and Per Share Amounts have been restated for the September 23, 2022 3% stock dividend.

Fair Values - Recurring and Non

Fair Values - Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	$ 2,070	$ 2,174	$ 1,877
Available-for-Sale at Fair Value	565,693	573,495	582,428
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	2,070	2,174	1,877
Total Securities Measured on a Recurring Basis	567,763	575,669	584,305
Derivatives, included in other assets	6,206	7,506	4,131
Total Measured on a Recurring Basis	573,969	583,175	588,436
Derivatives, included in other liabilities	6,206	7,506	4,131
Total Measured on a Recurring Basis	6,206	7,506	4,131
Available-for-Sale at Fair Value	565,693	573,495	582,428
Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	0	0	0
Total Securities Measured on a Recurring Basis	0	0	0
Derivatives, included in other assets	0	0	0
Total Measured on a Recurring Basis	0	0	0
Derivatives, included in other liabilities	0	0	0
Total Measured on a Recurring Basis	0	0	0
Available-for-Sale at Fair Value	0	0	0
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	2,070	2,174	1,877
Total Securities Measured on a Recurring Basis	567,763	575,669	584,305
Derivatives, included in other assets	6,206	7,506	4,131
Total Measured on a Recurring Basis	573,969	583,175	588,436
Derivatives, included in other liabilities	6,206	7,506	4,131
Total Measured on a Recurring Basis	6,206	7,506	4,131
Available-for-Sale at Fair Value	565,693	573,495	582,428
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	0	0	0
Total Securities Measured on a Recurring Basis	0	0	0
Derivatives, included in other assets	0	0	0
Total Measured on a Recurring Basis	0	0	0
Derivatives, included in other liabilities	0	0	0
Total Measured on a Recurring Basis	0	0	0
Available-for-Sale at Fair Value	0	0	0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Evaluated Loans	0	0	2,168
Collateral Dependent Impaired Loans, Losses Recognized in Earnings
Other Real Estate Owned and Repossessed Assets, Net	144	593	180
Other Real Estate owned and Repossessed Assets, Net, Losses Recognized in Earnings	0	0	0
Fair Value, Measurements, Nonrecurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Evaluated Loans	0	0	0
Other Real Estate Owned and Repossessed Assets, Net	0	0	0
Fair Value, Measurements, Nonrecurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Evaluated Loans	0	0	0
Other Real Estate Owned and Repossessed Assets, Net	0	0	0
Fair Value, Measurements, Nonrecurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Evaluated Loans	0	0	2,168
Other Real Estate Owned and Repossessed Assets, Net	144	593	180
U.S. Government & Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	177,585	175,199	132,744
U.S. Government & Agency Obligations \| Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	177,585	175,199	132,744
U.S. Government & Agency Obligations \| Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
U.S. Government & Agency Obligations \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	177,585	175,199	132,744
U.S. Government & Agency Obligations \| Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
State and Municipal Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	320	340	380
State and Municipal Obligations \| Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	320	340	380
State and Municipal Obligations \| Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
State and Municipal Obligations \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	320	340	380
State and Municipal Obligations \| Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
Mortgage-Backed Securities - Residential \| Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	386,988	397,156	448,504
Mortgage-Backed Securities - Residential \| Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
Mortgage-Backed Securities - Residential \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	386,988	397,156	448,504
Mortgage-Backed Securities - Residential \| Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
Corporate and Other Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	800	800	800
Corporate and Other Debt Securities \| Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	800	800	800
Corporate and Other Debt Securities \| Fair Value, Measurements, Recurring \| Quoted Prices In Active Markets for Indentical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	0	0	0
Corporate and Other Debt Securities \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	800	800	800
Corporate and Other Debt Securities \| Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale at Fair Value	$ 0	$ 0	$ 0

Fair Values - Fair Value by Bal

Fair Values - Fair Value by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Carrying Value
Cash and Cash Equivalents	$ 203,472	$ 64,660	$ 487,578	$ 457,696
Securities Available-for-Sale	565,693	573,495	582,428
Held-To-Maturity Securities, at Amortized Cost	167,347	175,364	196,661
Equity Securities	2,070	2,174	1,877
Net Loans	2,974,568	2,953,255	2,709,606
Deposits	3,546,349	3,498,364	3,715,373
Federal Home Loan Bank Overnight Advances	35,000	27,000	0
Federal Home Loan Bank Term Advances	107,800	27,800	25,000
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	20,000	20,000	20,000
Fair Value
Securities Available-for-Sale	565,693	573,495	582,428
Securities Held-to-Maturity	164,439	171,623	195,862
Equity Securities	2,070	2,174	1,877
Carrying Amount
Carrying Value
Cash and Cash Equivalents	203,472	64,660	487,578
Securities Available-for-Sale	565,693	573,495	582,428
Held-To-Maturity Securities, at Amortized Cost	167,347	175,364	196,661
Equity Securities	2,070	2,174	1,877
Federal Home Loan Bank and Federal Reserve Bank Stock	10,027	6,064	4,491
Net Loans	2,974,568	2,953,255	2,709,606
Accrued Interest Receivable	9,857	9,890	8,099
Derivatives, included in other assets	6,206	7,506	4,131
Deposits	3,546,349	3,498,364	3,715,373
Federal Home Loan Bank Overnight Advances		27,800
Federal Home Loan Bank Term Advances	107,800		25,000
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	20,000	20,000	20,000
Accrued Interest Payable	1,170	357	102
Derivatives, included in other liabilities	6,206	7,506	4,131
Fair Value
Securities Available-for-Sale	565,693	573,495	582,428
Equity Securities	2,070	2,174	1,877
Derivatives, included in other assets	6,206	7,506	4,131
Derivatives, included in other liabilities	6,206	7,506	4,131
Fair Value
Carrying Value
Securities Available-for-Sale	565,693	573,495	582,428
Equity Securities	2,070	2,174	1,877
Derivatives, included in other assets	6,206	7,506	4,131
Derivatives, included in other liabilities	6,206	7,506	4,131
Fair Value
Cash and Cash Equivalents	203,472	64,660	487,578
Securities Available-for-Sale	565,693	573,495	582,428
Securities Held-to-Maturity	164,439	171,623	195,862
Equity Securities	2,070	2,174	1,877
Federal Home Loan Bank and Federal Reserve Bank Stock, Fair Value	10,027	6,064	4,491
Net Loans	2,705,312	2,742,721	2,648,804
Accrued Interest Receivable	9,857	9,890	8,099
Derivatives, included in other assets	6,206	7,506	4,131
Deposits	3,540,854	3,492,021	3,711,189
Federal Home Loan Bank Overnight Advances		27,800
Federal Home Loan Bank Term Advances	107,830		25,001
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	20,000	20,000	20,000
Accrued Interest Payable	1,170	357	102
Derivatives, included in other liabilities	6,206	7,506	4,131
Quoted Prices In Active Markets for Indentical Assets (Level 1) \| Fair Value
Carrying Value
Securities Available-for-Sale	0	0	0
Equity Securities	0		0
Derivatives, included in other assets		0	0
Derivatives, included in other liabilities	0	0	0
Fair Value
Cash and Cash Equivalents	203,472	64,660	487,578
Securities Available-for-Sale	0	0	0
Securities Held-to-Maturity	0	0	0
Equity Securities	0		0
Federal Home Loan Bank and Federal Reserve Bank Stock, Fair Value	0	0	0
Net Loans	0	0	0
Accrued Interest Receivable	0	0	0
Derivatives, included in other assets		0	0
Deposits	0	0	0
Federal Home Loan Bank Overnight Advances		0
Federal Home Loan Bank Term Advances	0		0
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	0	0	0
Accrued Interest Payable	0	0	0
Derivatives, included in other liabilities	0	0	0
Significant Other Observable Inputs (Level 2) \| Fair Value
Carrying Value
Securities Available-for-Sale	565,693	573,495	582,428
Equity Securities	2,070	2,174	1,877
Derivatives, included in other assets	6,206	7,506	4,131
Derivatives, included in other liabilities	6,206	7,506	4,131
Fair Value
Cash and Cash Equivalents	0	0	0
Securities Available-for-Sale	565,693	573,495	582,428
Securities Held-to-Maturity	164,439	171,623	195,862
Equity Securities	2,070	2,174	1,877
Federal Home Loan Bank and Federal Reserve Bank Stock, Fair Value	10,027	6,064	4,491
Net Loans	0	0	0
Accrued Interest Receivable	9,857	9,890	8,099
Derivatives, included in other assets	6,206	7,506	4,131
Deposits	3,540,854	3,492,021	3,711,189
Federal Home Loan Bank Overnight Advances		27,800
Federal Home Loan Bank Term Advances	107,830		25,001
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	20,000	20,000	20,000
Accrued Interest Payable	1,170	357	102
Derivatives, included in other liabilities	6,206	7,506	4,131
Significant Unobservable Inputs (Level 3) \| Fair Value
Carrying Value
Securities Available-for-Sale	0	0	0
Equity Securities	0
Derivatives, included in other assets		0	0
Derivatives, included in other liabilities	0	0	0
Fair Value
Cash and Cash Equivalents	0	0	0
Securities Available-for-Sale	0	0	0
Securities Held-to-Maturity	0	0	0
Equity Securities	0
Federal Home Loan Bank and Federal Reserve Bank Stock, Fair Value	0	0	0
Net Loans	2,705,312	2,742,721	2,648,804
Accrued Interest Receivable	0	0	0
Derivatives, included in other assets		0	0
Deposits	0	0	0
Federal Home Loan Bank Overnight Advances		0
Federal Home Loan Bank Term Advances	0		0
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts	0	0	0
Accrued Interest Payable	0	0	0
Derivatives, included in other liabilities	$ 0	$ 0	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
Leases - Narrative (Details)	Mar. 31, 2023 office
Leases [Abstract]
Number of branch offices	2
Number of leased administrative offices	1

Leases - Quantitative Lease Dat

Leases - Quantitative Lease Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Finance Lease Amounts:
Right-of-Use Assets	$ 4,593	$ 4,770
Lease Liabilities	5,106	5,156	$ 5,119
Operating Lease Amounts:
Right-of-Use Assets	5,388	6,676
Lease Liabilities	5,584	6,863
Cash Paid For Amounts Included In The Measurement Of Lease Liabilities:
Operating Outgoing Cash Flows From Finance Leases	49	49
Operating Outgoing Cash Flows From Operating Leases	257	260
Financing Outgoing Cash Flows From Finance Leases	13	13
Right-of-Use Assets Obtained In Exchange For New Finance Lease Liabilities	0	0
Right-of-Use Assets Obtained In Exchange For New Operating Lease Liabilities	$ 19	$ 0
Weighted-average Remaining Lease Term - Finance Leases (Yrs.)	27 years	28 years
Weighted-average Remaining Lease Term - Operating Leases (Yrs.)	11 years 5 months 12 days	11 years 2 months 12 days
Weighted-average Discount Rate—Finance Leases	3.75%	3.75%
Weighted-average Discount Rate—Operating Leases	2.97%	2.81%
Finance Lease Cost:
Reduction of Right-of-Use Assets	$ 44	$ 44
Interest on Lease Liabilities	49	49
Operating Lease Cost	298	312
Short-term Lease Cost	14	10
Variable Lease Cost	73	95
Total Lease Cost	$ 478	$ 510

Leases - Future Lease Payments

Leases - Future Lease Payments on Finance and Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Operating Leases
2024	$ 866
2025	685
2026	625
2027	561
2028	526
Thereafter	3,455
Total Undiscounted Cash Flows	6,718
Less: Net Present Value Adjustment	1,134
Lease Liabilities	5,584		$ 6,863
Financing Leases
2024	243
2025	254
2026	265
2027	268
2028	268
Thereafter	7,197
Total Undiscounted Cash Flows	8,495
Less: Net Present Value Adjustment	3,389
Lease Liabilities	$ 5,106	$ 5,119	$ 5,156

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Interest Rate Swap Agreements (Details) - Not Designated as Hedging Instrument - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Derivative [Line Items]
Derivative asset	$ 6,206	$ 7,506	$ 4,131
Derivative liability	6,206	7,506	4,131
Notional amount	$ 126,637	$ 127,763	$ 171,182

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Cash Flow Hedge Agreements (Details) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Derivative [Line Items]
Amount of hedged item	$ 20,000
Amount of (loss) gain recognized in AOCI	(800)	$ 1,512	$ 3,467
Amount of (loss) gain reclassified from AOCI to interest expense	$ (198)	$ 29	$ (204)

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended
Related Party Transactions (Details) $ in Millions	Mar. 31, 2023 USD ($)
Construction Services \| Director
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 1.3