Financial Performance - Net income for the quarter ended December 31, 2021, was $10,309 million, a decrease from $12,989 million in the previous quarter[94] - Basic earnings per share decreased to $0.64 from $0.81 in the previous quarter[94] - Net income for the period was $49,857,000, an increase from $40,827,000 in the previous year, representing a growth of 4.99%[95] - Basic earnings per share rose to $3.11, up from $2.56, reflecting a 21.5% increase year-over-year[95] - For the year ended December 31, 2021, net income reached a record $49.9 million, up 22.1% from $40.8 million in 2020[107] - Net income for Q4 2021 was $10.3 million, a decrease of 17.5% from $12.5 million in Q4 2020[198] - Diluted earnings per share for Q4 2021 were $0.63, down from $0.78 in Q4 2020[198] Assets and Equity - Total assets increased to $4,060,540 million from $3,902,041 million in the previous quarter, reflecting a growth of approximately 4.03%[94] - Total stockholders' equity increased to $371,186 million from $360,171 million in the previous quarter[94] - Average assets increased to $3,882,642,000, up from $3,481,761,000, marking a growth of 11.5%[95] - Total stockholders' equity increased to $371,186,000 from $334,392,000, a growth of 11%[95] - Total stockholders' equity increased by $36.8 million, or 11.0%, to $371.2 million at year-end 2021, driven by $49.9 million of net income and other equity contributions[189] Income and Expenses - Net interest income for the quarter was $27,202 million, down from $28,638 million in the previous quarter[94] - Noninterest expense increased to $20,860 million from $19,423 million in the previous quarter[94] - Noninterest expense was $78,048,000, compared to $70,678,000 in the previous year, reflecting an increase of 10.3%[95] - Noninterest expense for 2021 amounted to $78.0 million, an increase of $7.4 million, or 10.4%, from 2020[134] - Noninterest income decreased by $1.5 million to $7.589 million in Q4 2021, down from $9.103 million in Q4 2020[199] Efficiency and Profitability Ratios - Return on average assets, annualized, decreased to 1.01% from 1.32% in the previous quarter[94] - Return on average equity, annualized, decreased to 11.22% from 14.34% in the previous quarter[94] - Efficiency ratio for the quarter was 59.09%, up from 52.74% in the previous quarter, indicating a decline in operational efficiency[94] - Efficiency ratio was reported at 54.16%, slightly higher than 52.80% from the previous year, indicating a decrease in operational efficiency[95] - The efficiency ratio for 2021 was 54.16%, indicating a comparative measure of operating efficiency[134] Loans and Credit Quality - Total loan balances increased to $2.7 billion, up $73 million, or 2.8%, from the prior year, with consumer loans growing by $60.8 million, or 7.1%[107] - Nonperforming loans as a percentage of period-end loans were 0.44%, compared to 0.25% in the previous year, suggesting a slight deterioration in asset quality[95] - Total nonperforming loans rose to $11,664 thousand in 2021, compared to $6,406 thousand in 2020, indicating an increase of 82.5%[126] - The allowance for credit losses was $27.3 million, representing 1.02% of total loans, a decrease of 11 basis points from the previous year[108] - The provision for credit losses for 2021 was $272 thousand, significantly lower than the $9.3 million provision for 2020[125] Deposits and Funding - Total deposit balances reached $3.6 billion, an increase of $315.8 million, or 9.8%, from the prior year, with noninterest-bearing deposits growing by $108.9 million, or 15.5%[107] - Average total deposit balances increased by $428.9 million, or 14.3%, in 2021, primarily in demand deposits, checking, and savings deposit categories[175] - Total deposits reached $3,590.8 million as of December 31, 2021, compared to $3,256.2 million at the end of 2020, reflecting a significant increase[177] Securities and Investments - Total available-for-sale debt securities increased to $559,316 thousand in 2021 from $365,287 thousand in 2020, representing a 53% growth[138] - Mortgage-Backed Securities rose significantly to $449,751 thousand in 2021, up from $298,847 thousand in 2020, marking a 50% increase[138] - Net unrealized gains on securities available-for-sale amounted to $8.2 million at December 31, 2021, up from $7.8 million in 2020[142] Regulatory and Compliance - Arrow adopted the CECL approach on January 1, 2021, which resulted in a decrease of $1.3 million in the allowance for credit losses[127] - Arrow's Tier 1 Leverage Ratio was 9.2%, significantly above the minimum required ratio of 4.0%[188] - The minimum Common Equity Tier 1 (CET1) capital ratio under the Capital Rules is 4.50%, effective January 1, 2015[25] - Arrow's total risk-based capital ratio was 15.7%, well above the minimum required ratio of 8.0%[188] Community Engagement and Corporate Responsibility - Arrow donated over $650,000 and 7,700 hours to community support in 2021, with 62% of donations and 44% of hours being CRA-qualified[50] - The company is committed to environmental sustainability, with 40% of its branch network incorporating energy-saving features[50] - Arrow's governance program adheres to comprehensive standards, ensuring accountability and transparency in operations[50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |------------------------------------------------------ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | |-----------------|----------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 (Exact name of registrant as specified in its charter) New York 22-2448962 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identific ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2019 Commission File Number: 0-12507 ARROW FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) New York 22-2448962 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 250 GLEN STREET, GLENS FALLS, NEW YORK 12801 (Address of principal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-12507 (Exact name of registrant as specified in its charter) New York 22-2448962 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Ident ...