XML 63 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8

FAIR VALUES (Tables)

9 Months Ended

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.

X

- 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

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration