EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER COMMON SHARE

EARNINGS(LOSS)PERCOMMONSHARE

The following is a reconciliation of basic and diluted earnings (loss) per share (EPS) for the three months endedMarch 31, 2013 and 2012:

	Three Months Ended
	March 31,
	2013			2012
	(dollars in thousands, except share and per share data)
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	8,033		8,379
Preferred stock dividends declared and undeclared	(4,881		)	(4,627	)
Accretion of discount on preferred stock	(898		)	(884	)
Net income from continuing operations attributable to common stockholders	2,254			2,868
Net loss from discontinued operations attributable to common stockholders	(1,323		)	(1,481	)
Net income available to First Banks, Inc. common stockholders	$	931		1,387
Weighted average shares of common stock outstanding	23,661			23,661
Basic earnings per common share – continuing operations	$	95.27		121.23
Basic loss per common share – discontinued operations	$	(55.92	)	(62.60	)
Basic earnings per common share	$	39.35		58.63
Diluted:
Net income from continuing operations attributable to common stockholders	$	2,254		2,868
Net loss from discontinued operations attributable to common stockholders	(1,323		)	(1,481	)
Net income available to First Banks, Inc. common stockholders	931			1,387
Effect of dilutive securities – Class A convertible preferred stock	—			—
Diluted income available to First Banks, Inc. common stockholders	$	931		1,387
Weighted average shares of common stock outstanding	23,661			23,661
Effect of diluted securities – Class A convertible preferred stock	—			—
Weighted average diluted shares of common stock outstanding	23,661			23,661
Diluted earnings per common share – continuing operations	$	95.27		121.23
Diluted loss per common share – discontinued operations	$	(55.92	)	(62.60	)
Diluted earnings per common share	$	39.35		58.63