BUSINESS SEGMENT RESULTS

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 19–BUSINESS SEGMENT RESULTS

The Company’s business segment is First Bank. The reportable business segment is consistent with the management structure of the Company, First Bank and the internal reporting system that monitors performance. First Bank provides similar products and services in its defined geographic areas through its branch network. The products and services offered include a broad range of commercial and personal deposit products, including demand, savings, money market and time deposit accounts. In addition, First Bank markets combined basic services for various customer groups, including packaged accounts for more affluent customers, and sweep accounts, lock-box deposits and cash management products for commercial customers. First Bank also offers consumer and commercial loans. Consumer lending includes residential real estate, home equity and installment lending. Commercial lending includes commercial, financial and agricultural loans, real estate construction and development loans, commercial real estate loans and small business lending. Other financial services include mortgage banking, debit cards, brokerage services, internet banking, remote deposit, ATMs, telephone banking, safe deposit boxes, and trust and private banking services. The revenues generated by First Bank and its subsidiaries consist primarily of interest income generated from the loan and investment security portfolios, service charges and fees generated from deposit products and services, and fees generated by the Company’s mortgage banking and trust and private banking business units. The Company’s products and services are offered to customers primarily within its geographic areas, which include eastern Missouri, southern Illinois, southern and northern California, and Florida’s Manatee, Pinellas, Hillsborough and Pasco counties. Certain loan products are available nationwide. First Bank also has a loan production office in Cincinnati, Ohio.

The business segment results are consistent with the Company’s internal reporting system and, in all material respects, with GAAP and practices predominant in the banking industry. Such principles and practices are summarized in Note 1 to the consolidated financial statements. The business segment results are summarized as follows:

					Corporate, Other and Intercompany
	First Bank				Reclassifications						Consolidated Totals
	2011		2010	2009	2011		2010		2009		2011	2010	2009
	(dollars expressed in thousands)
Balance sheet
information:
Investment securities	$	2,470,704	1,483,659	527,279	10,678		10,678		14,278		2,481,382	1,494,337	541,557
Loans, net of net
deferred loan fees		3,283,951	4,492,284	6,608,293	—		—		—		3,283,951	4,492,284	6,608,293
FRB and FHLB stock		27,078	30,121	65,076	—		—		—		27,078	30,121	65,076
Goodwill and other
intangible assets		121,967	129,054	144,439	—		—		—		121,967	129,054	144,439
Assets held for sale		—	2,266	16,975	—		—		—		—	2,266	16,975
Assets of discontinued
operations		21,009	43,532	518,056	—		—		—		21,009	43,532	518,056
Total assets		6,593,515	7,361,706	10,561,500	15,398		16,422		20,496		6,608,913	7,378,128	10,581,996
Deposits		5,454,664	6,462,068	7,071,493	(2,834	)	(3,653	)	(7,520	)	5,451,830	6,458,415	7,063,973
Other borrowings		50,910	31,761	767,494	—		—		—		50,910	31,761	767,494
Subordinated
debentures		—	—	—	354,057		353,981		353,905		354,057	353,981	353,905
Liabilities held for sale		—	23,406	24,381	—		—		—		—	23,406	24,381
Liabilities of
discontinued
operations		346,282	94,184	1,730,264	—		—		—		346,282	94,184	1,730,264
Stockholders’ equity		680,625	693,458	878,277	(416,954	)	(386,163	)	(355,897	)	263,671	307,295	522,380

	Corporate, Other and Intercompany
	First Bank							Reclassifications						Consolidated Totals
	2011			2010		2009		2011		2010		2009		2011		2010		2009
	(dollars expressed in thousands)
Income statement        information:
Interest income	$	233,193		312,315		399,783		492		523		549		233,685		312,838		400,332
Interest expense		29,047		59,944		93,263		13,612		12,993		15,301		42,659		72,937		108,564
Net interest income               (loss)		204,146		252,371		306,520		(13,120	)	(12,470	)	(14,752	)	191,026		239,901		291,768
Provision for loan losses		69,000		214,000		390,000		—		—		—		69,000		214,000		390,000
Net interest income               (loss) after               provision for               loan losses		135,146		38,371		(83,480	)	(13,120	)	(12,470	)	(14,752	)	122,026		25,901		(98,232	)
Noninterest income		61,072		77,486		76,138		(188	)	(349	)	(6,771	)	60,884		77,137		69,367
Goodwill impairment		—		—		75,000		—		—		—		—		—		75,000
Amortization of        intangible assets		2,962		3,260		4,326		—		—		—		2,962		3,260		4,326
Other noninterest        expense		223,475		290,082		265,868		(378	)	639		170		223,097		290,721		266,038
Loss from continuing               operations before               (benefit) provision               for income taxes		(30,219	)	(177,485	)	(352,536	)	(12,930	)	(13,458	)	(21,693	)	(43,149	)	(190,943	)	(374,229	)
(Benefit) provision for        income taxes		(10,608	)	4,286		2,422		(46	)	(172	)	(29	)	(10,654	)	4,114		2,393
Net loss from continuing        operations, net of tax		(19,611	)	(181,771	)	(354,958	)	(12,884	)	(13,286	)	(21,664	)	(32,495	)	(195,057	)	(376,622	)
Discontinued operations,        net of tax		(11,605	)	(3,194	)	(72,314	)	—		—		—		(11,605	)	(3,194	)	(72,314	)
Net loss		(31,216	)	(184,965	)	(427,272	)	(12,884	)	(13,286	)	(21,664	)	(44,100	)	(198,251	)	(448,936	)
Net loss attributable to        noncontrolling interest        in subsidiaries		(2,950	)	(6,514	)	(21,315	)	—		—		—		(2,950	)	(6,514	)	(21,315	)
Net loss attributable to        First Banks, Inc.	$	(28,266	)	(178,451	)	(405,957	)	(12,884	)	(13,286	)	(21,664	)	(41,150	)	(191,737	)	(427,621	)