Fair Values (Tables)

3 Months Ended

Mar. 31, 2013

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	$	84,012,000		$	0	$	84,012,000		$	0
Mortgage-backed securities		19,122,000			0		19,122,000			0
Michigan Strategic Fund bonds		11,070,000			0		11,070,000			0
Municipal general obligation bonds		22,608,000			0		22,608,000			0
Municipal revenue bonds		1,798,000			0		1,798,000			0
Mutual funds		1,403,000			0		1,403,000			0
Derivatives
Interest rate swap agreement		(998,000	)		0		(998,000	)		0
Total	$	139,015,000		$	0	$	139,015,000		$	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	$	79,098,000		$	0	$	79,098,000		$	0
Mortgage-backed securities		21,996,000			0		21,996,000			0
Michigan Strategic Fund bonds		11,255,000			0		11,255,000			0
Municipal general obligation bonds		22,743,000			0		22,743,000			0
Municipal revenue bonds		1,817,000			0		1,817,000			0
Mutual funds		1,405,000			0		1,405,000			0
Derivatives
Interest rate swap agreement		(1,113,000	)		0		(1,113,000	)		0
Total	$	137,201,000		$	0	$	137,201,000		$	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)	$	31,767,000	$	0	$	0	$	31,767,000
Foreclosed assets (1)		6,506,000		0		0		6,506,000
Total	$	38,273,000	$	0	$	0	$	38,273,000

	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)	$	34,406,000	$	0	$	0	$	34,406,000
Foreclosed assets (1)		6,970,000		0		0		6,970,000
Total	$	41,376,000	$	0	$	0	$	41,376,000

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