SECURITIES (Tables)

12 Months Ended

Dec. 31, 2013

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Fair Value of Available for Sale Securities and Related Pre-tax Gross Unrealized Gains and Losses

The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
2013
U.S. Government agency debt obligations	$	108,279,000	$	263,000	$	(10,065,000	)	$	98,477,000
Mortgage-backed securities		12,456,000		1,102,000		0			13,558,000
Michigan Strategic Fund bonds		0		0		0			0
Municipal general obligation bonds		16,488,000		388,000		(4,000	)		16,872,000
Municipal revenue bonds		878,000		38,000		0			916,000
Mutual funds		1,386,000		0		(31,000	)		1,355,000
	$	139,487,000	$	1,791,000	$	(10,100,000	)	$	131,178,000
2012
U.S. Government agency debt obligations	$	78,447,000	$	1,039,000	$	(388,000	)	$	79,098,000
Mortgage-backed securities		20,182,000		1,814,000		0			21,996,000
Michigan Strategic Fund bonds		11,255,000		0		0			11,255,000
Municipal general obligation bonds		21,700,000		1,043,000		0			22,743,000
Municipal revenue bonds		1,726,000		91,000		0			1,817,000
Mutual funds		1,354,000		51,000		0			1,405,000
	$	134,664,000	$	4,038,000	$	(388,000	)	$	138,314,000

Securities with Unrealized Losses Aggregated by Investment Category and Length of Time

Securities with unrealized losses at year-end 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows:

	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Loss		Value		Loss		Value		Loss
2013
U.S. Government agency debt obligations	$	57,117,000	$	5,798,000	$	29,679,000	$	4,267,000	$	86,796,000	$	10,065,000
Mortgage-backed securities		0		0		0		0		0		0
Michigan Strategic Fund bonds		0		0		0		0		0		0
Municipal general obligation bonds		295,000		4,000		0		0		295,000		4,000
Municipal revenue bonds		0		0		0		0		0		0
Mutual funds		1,355,000		31,000		0		0		1,355,000		31,000
	$	58,767,000	$	5,833,000	$	29,679,000	$	4,267,000	$	88,446,000	$	10,100,000
2012
U.S. Government agency debt obligations	$	33,555,000	$	388,000	$	0	$	0	$	33,555,000	$	388,000
Mortgage-backed securities		0		0		0		0		0		0
Michigan Strategic Fund bonds		0		0		0		0		0		0
Municipal general obligation bonds		0		0		0		0		0		0
Municipal revenue bonds		0		0		0		0		0		0
Mutual funds		0		0		0		0		0		0
	$	33,555,000	$	388,000	$	0	$	0	$	33,555,000	$	388,000

Maturities of Securities and Their Weighted Average Yields

Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Weighted average yields are also reflected, with yields for municipal securities shown at their tax equivalent yield.

	Weighted
	Average			Amortized		Fair
	Yield			Cost		Value
Due in one year or less		5.32	%	$	2,444,000	$	2,494,000
Due from one to five years		6.31			1,018,000		1,047,000
Due from five to ten years		3.13			32,373,000		31,008,000
Due after ten years		3.68			89,810,000		81,716,000
Mortgage-backed securities		5.17			12,456,000		13,558,000
Mutual funds		2.32			1,386,000		1,355,000
		3.73	%	$	139,487,000	$	131,178,000