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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss attributable to First Banks, Inc. $ (23,197) $ (92,517)
Net loss attributable to noncontrolling interest in subsidiary (862) (464)
Less: net income from discontinued operations 696 5,454
Net loss from continuing operations (24,755) (98,435)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of bank premises and equipment 7,360 9,246
Amortization of intangible assets 1,599 1,725
Originations of loans held for sale (104,863) (125,673)
Proceeds from sales of loans held for sale 143,589 133,293
Payments received on loans held for sale 107 371
Provision for loan losses 33,000 125,000
Provision for current income taxes 124 153
Benefit for deferred income taxes (10,794) (35,915)
Increase in deferred tax asset valuation allowance 10,794 35,915
Decrease in accrued interest receivable 2,509 2,384
Increase in accrued interest payable 3,494 1,872
Decrease in current income taxes receivable 46 2
Gain on loans sold and held for sale (1,408) (3,240)
Net gain on investment securities (1,117) (555)
Net loss on derivative instruments 221 2,090
Decrease in fair value of servicing rights 2,369 2,864
Write-downs on other real estate and repossessed assets 6,806 10,913
Other operating activities, net 12,015 (7,284)
Net cash provided by operating activities - continuing operations 81,096 54,726
Net cash provided by operating activities - discontinued operations 984 1,145
Net cash provided by operating activities 82,080 55,871
Cash flows from investing activities:    
Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold (51,339) (1,194,940)
Cash paid for sale of branches, net of cash and cash equivalents sold (16,256) (8,408)
Proceeds from sales of investment securities available for sale 127,469 20,102
Maturities of investment securities available for sale 119,046 86,497
Maturities of investment securities held to maturity 467 1,343
Purchases of investment securities available for sale (914,967) (573,317)
Purchases of investment securities held to maturity (3,450) 0
Redemptions of Federal Reserve Bank and Federal Home Loan Bank stock 3,179 13,268
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock 0 (113)
Proceeds from sales of commercial loans 65,537 23,410
Net decrease in loans 527,667 668,861
Recoveries of loans previously charged-off 13,316 38,631
Purchases of bank premises and equipment (2,473) (1,430)
Net proceeds from sales of other real estate and repossessed assets 49,394 46,507
Proceeds from termination of bank-owned life insurance policy 0 19,247
Other investing activities, net (146) 3,166
Net cash used in investing activities - continuing operations (82,556) (857,176)
Net cash provided by investing activities - discontinued operations 2,724 30,569
Net cash used in investing activities (79,832) (826,607)
Cash flows from financing activities:    
Decrease in demand, savings and money market deposits (55,402) (1,849)
Decrease in time deposits (331,431) (31,583)
Repayments of Federal Home Loan Bank advances 0 (200,000)
Increase in securities sold under agreements to repurchase 19,486 10,751
Net cash used in financing activities - continuing operations (367,347) (222,681)
Net cash used in financing activities - discontinued operations (1,903) (57,881)
Net cash used in financing activities (369,250) (280,562)
Net decrease in cash and cash equivalents (367,002) (1,051,298)
Cash and cash equivalents, beginning of period 995,758 2,516,251
Cash and cash equivalents, end of period 628,756 1,464,953
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest on liabilities 22,703 41,428
Cash paid during the period for income taxes 11 565
Noncash investing and financing activities:    
Loans transferred to other real estate and repossessed assets $ 36,525 $ 117,929