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FAIR VALUES (Tables) | 9 Months Ended
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Sep. 30, 2013
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | The balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 are as follows:
|  | 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 |  | $ | 89,294,000 |  |  | $ | 0 |  |  | $ | 89,294,000 |  |  | $ | 0 |
Mortgage-backed securities |  |  | 14,511,000 |  |  |  | 0 |  |  |  | 14,511,000 |  |  |  | 0 |
Municipal general obligation bonds |  |  | 17,706,000 |  |  |  | 0 |  |  |  | 17,706,000 |  |  |  | 0 |
Municipal revenue bonds |  |  | 917,000 |  |  |  | 0 |  |  |  | 917,000 |  |  |  | 0 |
Mutual funds |  |  | 1,365,000 |  |  |  | 0 |  |  |  | 1,365,000 |  |  |  | 0 |
Derivatives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap agreement |  |  | (394,000 | ) |  |  | 0 |  |  |  | (394,000 | ) |  |  | 0 |
Total |  | $ | 123,399,000 |  |  | $ | 0 |  |  | $ | 123,399,000 |  |  | $ | 0 |
The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 are as follows:
|  | 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 | The balances of assets measured at fair value on a nonrecurring basis as of September 30, 2013 are as follows:
|  | 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) |  | $ | 31,205,000 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 31,205,000 |
Foreclosed assets (1) |  |  | 3,549,000 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,549,000 |
Total |  | $ | 34,754,000 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 34,754,000 |
The balances of assets measured at fair value on a nonrecurring basis as of December 31, 2012 are as follows:
|  | 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.

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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