{"schema_version":"secwatch.filing_event.v1","accession":"0000717538-24-000119","form_type":"8-K","ticker":"AROW","cik":"0000717538","company_name":"ARROW FINANCIAL CORP","filed_at":"2024-12-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.895788+00:00","generated_at":"2026-05-28T23:27:37.538276+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Arrow completes $75M portfolio repositioning; expects $2.7M NII boost; reports $1.2M unification charges","bullets":["Sold $75M low-yield AFS securities (0.6% avg yield, 1.3 yr life) for $3M pre-tax loss; reinvested at 4.4% yield, 4.5 yr life.","Transaction expected to improve net interest income by ~$2.7M in 2025, earn-back period ~1.1 years, no impact on capital ratios or tangible book.","Q4 2024 will include ~$0.5M professional/legal expenses and $0.7M charge-off for branding/signage from bank unification.","Legal unification of two subsidiary banks into Arrow Bank N.A. completes Dec 31, 2024, simplifying brand identity."],"urls":{"canonical":"https://secwatch.observer/filing/0000717538-24-000119","json":"https://secwatch.observer/filing/0000717538-24-000119.json","markdown":"https://secwatch.observer/filing/0000717538-24-000119.md","text":"https://secwatch.observer/filing/0000717538-24-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/717538/000071753824000119/0000717538-24-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/717538/000071753824000119/arow-20241220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:27:37.538276+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}