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Fair Values (Tables)

9 Months Ended

Sep. 30, 2012

Fair Values [Abstract]

Assets and liabilities measured at fair value on a recurring basis


		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Available for sale securities
U.S. Government agency debt obligations		$	70,729,000			$	0			$	70,729,000			$	0
Mortgage-backed securities			25,284,000				0				25,284,000				0
Michigan Strategic Fund bonds			11,255,000				0				11,255,000				0
Municipal general obligation bonds			24,116,000				0				24,116,000				0
Municipal revenue bonds			2,870,000				0				2,870,000				0
Mutual funds			1,406,000				0				1,406,000				0
Derivatives
Interest rate cap contracts			16,000				0				16,000				0
Interest rate swap agreement			(1,106,000	)			0				(1,106,000	)			0

Total		$	134,570,000			$	0			$	134,570,000			$	0


		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Available for sale securities
U.S. Government agency debt obligations		$	88,596,000			$	0			$	88,596,000			$	0
Mortgage-backed securities			34,610,000				0				34,610,000				0
Michigan Strategic Fund bonds			16,700,000				0				16,700,000				0
Municipal general obligation bonds			27,309,000				0				27,309,000				0
Municipal revenue bonds			4,423,000				0				4,423,000				0
Mutual funds			1,354,000				0				1,354,000				0
Derivatives
Interest rate cap contracts			257,000				0				257,000				0

Total		$	173,249,000			$	0			$	173,249,000			$	0

Assets and liabilities measured at fair value on a nonrecurring basis


		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans ⁽¹⁾		$	40,649,000			$	0			$	0			$	40,649,000
Foreclosed assets ⁽¹⁾			11,160,000				0				0				11,160,000

Total		$	51,809,000			$	0			$	0			$	51,809,000


		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans ⁽¹⁾		$	44,915,000			$	0			$	0			$	44,915,000
Foreclosed assets ⁽¹⁾			15,282,000				0				0				15,282,000

Total		$	60,197,000			$	0			$	0			$	60,197,000

⁽¹⁾	Represents carrying value and related write-downs for which adjustments are based on the estimated value of the property or other assets.