Arrow financial corporation (AROW)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net Income

37,475

36,279

29,326

26,534

24,662

23,360

21,795

22,179

21,933

21,892

21,792

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Loan Losses

2,079

2,607

2,736

2,033

1,347

1,848

200

845

845

1,302

1,783

Depreciation and Amortization

5,503

4,751

5,398

5,940

6,293

7,042

8,870

8,856

6,509

3,563

2,813

Allocation of ESOP Stock

180

174

353

1,122

495

-

-

-

-

-

-

Gains on the Sale of Securities Available-for-Sale

0

0

134

317

-

-

-

-

-

-

-

Losses on the Sale of Securities Available-for-Sale

0

0

582

339

-

-

-

-

-

-

-

Net Gain on Equity Securities

289

213

0

0

-

-

-

-

-

-

-

Gains on the Sale of Securities Available-for-Sale

-

-

-

-

172

137

527

949

2,795

1,507

550

Held-to-maturity Securities, Sold Security, Realized Gain (Loss)

-

-

-

-

-

-

18

0

0

-

-

Losses on the Sale of Securities Available-for-Sale

-

-

-

-

43

27

0

84

0

0

193

Held-to-Maturity Securities, Sold, Realized Loss

-

-

-

-

-

-

5

0

0

-

-

Other-Than-Temporary Impairment

-

-

-

-

-

-

-

-

-

-

375

Loans Originated and Held-for-Sale

23,850

4,179

17,468

23,787

20,731

23,156

46,101

60,668

39,111

41,030

24,490

Proceeds from the Sale of Loans Held-for-Sale

24,538

4,426

18,171

24,422

21,524

23,606

50,298

61,041

49,378

31,760

24,908

Net Gain on the Sale of Loans

622

135

546

821

692

784

1,460

2,282

866

1,024

418

Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets

-882

-159

-210

-232

-297

-77

-120

71

32

-10

2

Net Gain on the Sale of a Subsidiary

-

-

-

-

204

0

0

-

-

-

-

Contributions to Retirement Benefit Plans

675

744

792

690

3,858

921

473

328

-

-

-

Contributions to Retirement Benefits Plans

-

-

-

-

-

-

-

-

-5,319

-1,813

-2,304

Deferred Income Tax Benefit

344

-92

-1,530

-283

1,036

-299

294

-353

2,172

154

705

Shares Issued Under the Directors’ Stock Plan

-258

-205

-233

-205

-227

-197

-198

-175

-

-

-

Allocation of ESOP Stock

-

-

-

-

-

-452

-426

-409

-

-

-

Share-based Payment Arrangement, Expense

391

356

351

287

-

-

-

-

428

453

519

Shares Issued Under the Directors' Stock Plan

-

-

-

-

-

-

-

-

-175

-149

-116

Stock-Based Compensation Expense

-

-

-

-

308

360

372

424

354

299

189

Tax Benefit from Exercise of Stock Options

-227

-240

-112

0

0

-

-

-

-

-

-

Net Increase in Other Assets

12,527

1,182

157

1,598

1,147

806

-1,888

-2,108

1,725

-638

5,672

Net Increase in Other Liabilities

10,030

-676

982

1,077

-502

-225

786

990

689

-4,627

-625

Net Cash Provided By Operating Activities

43,944

41,976

37,827

34,695

28,926

30,641

36,673

32,460

36,085

10,219

19,332

Cash Flows from Investing Activities:
Proceeds from the Sale of Securities Available-for-Sale

0

0

107,175

97,930

-

-

-

-

-

-

-

Proceeds from the Sale of Securities Available-for-Sale

-

-

-

-

66,551

49,928

16,295

58,718

39,009

25,497

23,979

Proceeds from the Maturities and Calls of Securities Available-for-Sale

96,058

61,807

53,863

88,719

93,817

153,127

132,228

210,224

280,126

278,804

112,401

Purchases of Securities Available-for-Sale

131,348

84,746

117,262

134,950

-

-

-

-

-

-

-

Purchases of Securities Available-for-Sale

-

-

-

-

201,820

113,953

136,416

197,029

354,310

382,614

258,026

Proceeds from Sale and Maturity of Held-to-maturity Securities

-

-

-

-

-

-

1,181

0

-

-

-

Proceesd from the Sale of Securities Held-to-Maturity

-

-

-

-

-

-

-

-

0

-

-

Proceeds from the Maturities and Calls of Securities Held-to-Maturity

41,607

58,978

49,244

56,461

48,409

56,714

47,228

49,983

40,692

15,227

26,772

Purchases of Securities Held-to-Maturity

4,003

7,506

40,851

82,433

68,210

60,906

109,620

140,635

31,701

6,532

61,965

Net Increase in Loans

193,460

247,569

200,600

182,065

164,710

148,482

98,903

40,951

-3,108

24,259

4,062

Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets

1,511

1,828

1,408

1,991

1,901

1,237

1,789

1,263

770

612

1,299

Purchase of Premises and Equipment

7,785

5,103

2,602

1,441

1,621

1,468

2,233

8,073

5,372

1,081

2,501

Cash Paid for Subsidiaries, Net

-

-

-

-

-

75

75

75

3,296

-264

0

Proceeds from the Sale of a Subsidiary, Net

0

98

96

72

132

0

0

-

-

-

-

Net Decrease in Other Investments

-5,189

5,557

-963

2,073

3,988

-1,430

489

-930

-1,880

-333

0

Purchase of Bank Owned Life Insurance

-

-

-

-

0

5,245

0

0

15,702

0

0

Net Cash Used By Investing Activities

-192,231

-227,770

-148,566

-157,789

-229,539

-67,693

-149,015

-65,645

-44,796

-93,749

-162,103

Cash Flows from Financing Activities:
Net Increase in Deposits

270,470

100,468

128,569

86,123

-

-

-

-

-

-

-

Net (Decrease) Increase in Short-Term Federal Home Loan Bank Borrowings

104,000

-129,000

18,000

-

-

-

-

-

-

-

-

Net Increase in Short-Term Borrowings

-3,560

-10,307

29,130

12,663

3,752

7,644

23,099

-26,615

15,079

-20,694

13,952

Finance Lease Payments

28

-

-

-

-

-

-

-

-

-

-

Net Increase in Deposits

-

-

-

-

127,475

60,618

111,175

87,109

110,042

90,438

168,503

Net Increase (Decrease) in Short-Term Federal Home Loan Bank Borrowings

-

-

-

-41,000

-41,000

-

-

-

-

-

-

Federal Home Loan Bank Advances

-

-

-

-

-

-12,000

-

-

-

-

-

Federal Home Loan Bank Advances

-

-

-

-

55,000

0

0

-

10,000

10,000

0

Repayments of Federal Home Loan Bank Term Advances

15,000

10,000

0

0

10,000

10,000

10,000

10,000

100,000

20,000

20,000

Purchase of Treasury Stock

2,469

2,098

3,248

2,141

1,498

2,455

1,709

4,877

-

-

-

Purchases of Treasury Stock

-

-

-

-

-

-

-

-

-6,039

-3,347

-3,761

Stock Options Exercised, Net

1,792

2,255

1,190

2,404

918

1,454

1,254

2,105

1,413

798

1,178

Tax Benefit from Exercise of Stock Options

-

-

-

-

-

-

-

-

-

105

-

Shares Issued Under the Employee Stock Purchase Plan

493

505

496

493

494

-

-

-

-

-

-

Shares Issued Under the Employee Stock Purchase Plan

-

-

-

-

-

-488

-477

-484

-474

-475

-466

Tax Benefit for Exercises of Stock Options

-

-

-

188

59

25

23

68

51

-

-

Shares Issued for Dividend Reinvestment Plans

1,777

1,761

1,684

1,743

886

0

1,280

1,822

-

-

-

Cash Dividends Paid

15,206

14,389

13,599

13,092

12,700

12,407

12,109

-

-

-

-

Tax Benefit from Exercise of Stock Options

-

-

-

-

-

-

-

-

-

-

193

Shares Issued for Dividend Reinvestment Plans

-

-

-

-

-

-

-

-

-1,796

-1,715

-1,658

Acquisition by ESOP of Arrow Stock

-

-

-

-

-

-

-

-

-

1,000

0

Cash Dividends Paid

-

-

-

-

-

-

-

-11,815

-11,448

-10,997

-10,640

Net Cash Provided (Used) By Financing Activities

134,269

197,195

126,222

129,381

205,386

33,367

113,490

38,281

21,368

47,493

151,549

Net Increase (Decrease) in Cash and Cash Equivalents

-14,018

11,401

15,483

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

6,287

4,773

-3,685

1,148

5,096

12,657

-36,037

8,778

Supplemental Disclosures to Statements of Cash Flow Information:
Interest on Deposits and Borrowings

20,843

12,212

6,957

5,341

-

-

-

-

-

-

-

Interest on Deposits and Borrowings

-

-

-

-

4,856

5,932

8,067

12,520

19,490

23,995

27,201

Income Taxes

9,931

10,037

11,454

11,961

9,357

10,060

8,336

8,866

7,952

15,223

10,301

Non-cash Investing and Financing Activity:
Transfer of Loans to Other Real Estate Owned and Repossessed Assets

1,810

1,015

1,779

1,876

3,046

1,308

971

1,426

1,011

568

683

Shares Issued for Acquisition of Subsidiary

-

-

-

-

-

91

233

233

5,261

682

542

Fair Value of Assets from Acquisition of Subsidiary

-

-

-

-

-

-

-

-

10,638

882

0

Fair Value of Liabilities from Acquisition of Subsidiary

-

-

-

-

-

-

-

-

2,081

465

0