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SECURITIES (Tables) | 12 Months Ended
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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 |

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