Arrow Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest and dividend income of $16,459,000 compared to $16,740,000 a year ago. Net interest income was $14,746,000 compared to $14,237,000 a year ago. Income before provision for income taxes was $8,238,000 compared to $7,842,000 a year ago. Net income was $5,784,000 compared to $5,549,000 a year ago. Basic and diluted per share were $0.47 compared to $0.45 a year ago. Return on average assets was 1.05% compared to 1.07% a year ago. Return on average equity was 12.44% compared to 12.51% a year ago.

For the year, the company reported total interest and dividend income of $64,138,000 compared to $69,379,000 a year ago. Net interest income was $56,216,000 compared to $57,422,000 a year ago. Income before provision for income taxes was $30,874,000 compared to $31,840,000 a year ago. Net income was $21,795,000 compared to $22,179,000 a year ago. Basic and diluted per share were $1.77 compared to $1.81 a year ago. Tangible book value per share as at December 31, 2013 was $13.43 compared to $12.18 a year ago. Return on average equity and return on average assets was 12.11% and 1.04%, respectively for the twelve-month period ended December 31, 2013, as compared to 12.88% and 1.11%, respectively for the prior year.

For the fourth quarter, the company reported net loans charged-offs of $150,000 compared to $124,000 a year ago.