EARNINGS (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The following is a reconciliation of basic and diluted earnings (loss) per share (EPS) for the three and six months ended June 30, 2012 and 2011:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2012			2011		2012		2011
	(dollars in thousands, except share and per share data)
Basic:
Net income (loss) from continuing operations attributable to First Banks, Inc.	$	9,974		(14,343	)	19,410		(17,286	)
Preferred stock dividends declared and undeclared		(4,690	)	(4,447	)	(9,317	)	(8,835	)
Accretion of discount on preferred stock		(883	)	(864	)	(1,767	)	(1,719	)
Net income (loss) from continuing operations attributable to common
stockholders		4,401		(19,654	)	8,326		(27,840	)
Net loss from discontinued operations attributable to common
stockholders		(2,466	)	(2,706	)	(5,004	)	(5,911	)
Net income (loss) available to First Banks, Inc. common stockholders	$	1,935		(22,360	)	3,322		(33,751	)
Weighted average shares of common stock outstanding		23,661		23,661		23,661		23,661
Basic earnings (loss) per common share – continuing operations	$	186.00		(830.64	)	351.90		(1,176.59	)
Basic loss per common share – discontinued operations	$	(104.22	)	(114.36	)	(211.49	)	(249.82	)
Basic earnings (loss) per common share	$	81.78		(945.00	)	140.41		(1,426.41	)
Diluted:
Net income (loss) from continuing operations attributable to common
stockholders	$	4,401		(19,654	)	8,326		(27,840	)
Net loss from discontinued operations attributable to common
stockholders		(2,466	)	(2,706	)	(5,004	)	(5,911	)
Net income (loss) available to First Banks, Inc. common stockholders		1,935		(22,360	)	3,322		(33,751	)
Effect of dilutive securities:
Class A convertible preferred stock		—		—		—		—
Diluted income (loss) available to First Banks, Inc. common stockholders	$	1,935		(22,360	)	3,322		(33,751	)
Weighted average shares of common stock outstanding		23,661		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		23,661
Diluted earnings (loss) per common share – continuing operations	$	186.00		(830.64	)	351.90		(1,176.59	)
Diluted loss per common share – discontinued operations	$	(104.22	)	(114.36	)	(211.49	)	(249.82	)
Diluted earnings (loss) per common share	$	81.78		(945.00	)	140.41		(1,426.41	)