
Available-For-Sale Securities
	U.S. Treasuries		U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Available- For-Sale Securities
June 30, 2026
Available-For-Sale Securities, at Amortized Cost	$	78,614	$	25,000	$	160	$	389,614	$	26,250	$	519,638
Gross Unrealized Gains	596		—		—		526		375		1,497
Gross Unrealized Losses	(112)		(202)		—		(22,531)		(88)		(22,933)
Available-For-Sale Securities, at Fair Value	$	79,098	$	24,798	$	160	$	367,609	$	26,537	$	498,202
Available-For-Sale Securities, Pledged as Collateral, at Fair Value											241,011

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	—	$	25,000	$	—	$	145	$	—	$	25,145
From 1 - 5 Years	73,558		—		160		47,640		1,000		122,358
From 5 - 10 Years	5,056		—		—		58,516		25,250		88,822
Over 10 Years	—		—		—		283,313		—		283,313

Maturities of Debt Securities, at Fair Value:
Within One Year	$	—	$	24,798	$	—	$	144	$	—	$	24,942
From 1 - 5 Years	74,153		—		160		46,481		976		121,770
From 5 - 10 Years	4,945		—		—		54,111		25,561		84,617
Over 10 Years	—		—		—		266,873		—		266,873

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	4,945	$	—	$	—	$	104,945	$	5,186	$	115,076
12 Months or Longer	—		24,798		—		178,912		976		204,686
Total	$	4,945	$	24,798	$	—	$	283,857	$	6,162	$	319,762
Number of Securities in a Continuous Loss Position	1		3		—		93		6		103

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	112	$	—	$	—	$	1,002	$	64	$	1,178
12 Months or Longer	—		202		—		21,529		24		21,755
Total	$	112	$	202	$	—	$	22,531	$	88	$	22,933















December 31, 2025
Available-For-Sale Securities, at Amortized Cost	$	78,436	$	25,000	$	200	$	385,766	$	23,500	$	512,902
Gross Unrealized Gains	2,139		—		—		2,153		194		4,486
Gross Unrealized Losses	(12)		(184)		—		(21,238)		(86)		(21,520)
Available-For-Sale Securities, at Fair Value	$	80,563	$	24,816	$	200	$	366,681	$	23,608	$	495,868
Available-For-Sale Securities, Pledged as Collateral, at Fair Value											234,933

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	5,047	$	—	$	—	$	13,154	$	4,436	$	22,637


Available-For-Sale Securities
	U.S. Treasuries		U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Available- For-Sale Securities
12 Months or Longer	—		24,816		—		193,635		979		219,430
Total	$	5,047	$	24,816	$	—	$	206,789	$	5,415	$	242,067
Number of Securities in a Continuous Loss Position	1		3		—		83		4		91

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	12	$	—	$	—	$	8	$	64	$	84
12 Months or Longer	—		184		—		21,230		22		21,436
Total	$	12	$	184	$	—	$	21,238	$	86	$	21,520


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
June 30, 2026
Held-To-Maturity Securities, at Amortized Cost	$	62,495	$	2,995	$	65,490

Gross Unrealized Losses	(147)		(73)		(220)
Held-To-Maturity Securities, at Fair Value	62,348		2,922		65,270
Held-To-Maturity Securities, Pledged as Collateral, at Carrying Value					18,048
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value					17,827

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	53,320	$	—	$	53,320
From 1 - 5 Years	7,950		1,910		9,860
From 5 - 10 Years	1,225		—		1,225
Over 10 Years	—		1,085		1,085

Maturities of Debt Securities, at Fair Value:
Within One Year	$	53,230	$	—	$	53,230
From 1 - 5 Years	7,894		1,875		9,769
From 5 - 10 Years	1,224		—		1,224
Over 10 Years	—		1,047		1,047

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	559	$	—	$	559
12 Months or Longer	15,671		2,922		18,593
Total	$	16,230	$	2,922	$	19,152


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
Number of Securities in a Continuous Loss Position	60		16		76

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1	$	—	$	1
12 Months or Longer	146		73		219
Total	$	147	$	73	$	220









December 31, 2025
Held-To-Maturity Securities, at Amortized Cost	$	62,870	$	4,105	$	66,975

Gross Unrealized Losses	(324)		(82)		(406)
Held-To-Maturity Securities, at Fair Value	62,546		4,023		66,569
Held-To-Maturity Securities, Pledged as Collateral, at Carrying Value					35,078
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value					34,672

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	400	$	—	$	400
12 Months or Longer	32,138		4,023		36,161
Total	$	32,538	$	4,023	$	36,561
Number of Securities in a Continuous Loss Position	109		16		125

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	—	$	—	$	—
12 Months or Longer	324		82		406
Total	$	324	$	82	$	406

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 June 30, 2026 and December 31, 2025, gross unrealized losses were 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 June 30, 2026 or December 31, 2025 and there was no credit loss expense recognized by Arrow with respect to the securities portfolio during the six months ended June 30, 2026 or the year ended December 31, 2025.

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 June 30, 2026.