EARNINGS (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 18–EARNINGS (LOSS)PER COMMON SHARE

The following is a reconciliation of basic and diluted (loss) income per share for the years ended December 31, 2011, 2010 and 2009:

	Years Ended December 31,
	2011			2010		2009
	(dollars in thousands,
	except share and per share data)
Basic:
Net loss from continuing operations attributable to First Banks, Inc.	$	(29,545	)	(188,543	)	(355,307	)
Preferred stock dividends declared and undeclared		(17,908	)	(16,980	)	(16,536	)
Accretion of discount on preferred stock		(3,466	)	(3,381	)	(3,299	)
Net loss from continuing operations attributable to common stockholders		(50,919	)	(208,904	)	(375,142	)
Net loss from discontinued operations attributable to common stockholders		(11,605	)	(3,194	)	(72,314	)
Net loss available to First Banks, Inc. common stockholders	$	(62,524	)	(212,098	)	(447,456	)
Weighted average shares of common stock outstanding		23,661		23,661		23,661
Basic loss per common share – continuing operations	$	(2,151.99	)	(8,829.08	)	(15,854.85	)
Basic loss per common share – discontinued operations	$	(490.47	)	(134.99	)	(3,056.25	)
Basic loss per common share	$	(2,642.46	)	(8,964.07	)	(18,911.10	)
Diluted:
Net loss from continuing operations attributable to common stockholders	$	(50,919	)	(208,904	)	(375,142	)
Net loss from discontinued operations attributable to common stockholders		(11,605	)	(3,194	)	(72,314	)
Net loss available to First Banks, Inc. common stockholders		(62,524	)	(212,098	)	(447,456	)
Effect of dilutive securities:
Class A convertible preferred stock		—		—		—
Diluted loss per common share – net loss available to First Banks, Inc. common
stockholders	$	(62,524	)	(212,098	)	(447,456	)
Weighted average shares of common stock outstanding		23,661		23,661		23,661
Effect of dilutive securities:
Class A convertible preferred stock		—		—		—
Weighted average diluted shares of common stock outstanding		23,661		23,661		23,661
Diluted loss per common share – continuing operations	$	(2,151.99	)	(8,829.08	)	(15,854.85	)
Diluted loss per common share – discontinued operations	$	(490.47	)	(134.99	)	(3,056.25	)
Diluted loss per common share	$	(2,642.46	)	(8,964.07	)	(18,911.10	)