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EARNINGS (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS (LOSS) PER COMMON SHARE
The following is a reconciliation of basic and diluted earnings (loss) per share (EPS) for the three and nine months ended September 30, 2012 and 2011:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 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.
$
10,802

 
910

 
30,212

 
(16,376
)
Preferred stock dividends declared and undeclared
(4,753
)
 
(4,506
)
 
(14,070
)
 
(13,341
)
Accretion of discount on preferred stock
(893
)
 
(874
)
 
(2,660
)
 
(2,593
)
Net income (loss) from continuing operations attributable to common stockholders
5,156

 
(4,470
)
 
13,482

 
(32,310
)
Net loss from discontinued operations attributable to common stockholders
(2,329
)
 
(2,984
)
 
(7,333
)
 
(8,895
)
Net income (loss) available to First Banks, Inc. common stockholders
$
2,827

 
(7,454
)
 
6,149

 
(41,205
)
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
23,661

 
23,661

 
23,661

 
23,661

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share – continuing operations
$
217.91

 
(188.89
)
 
569.81

 
(1,365.48
)
Basic loss per common share – discontinued operations
$
(98.43
)
 
(126.12
)
 
(309.92
)
 
(375.94
)
Basic earnings (loss) per common share
$
119.48

 
(315.01
)
 
259.89

 
(1,741.42
)
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Net income (loss) from continuing operations attributable to common stockholders
$
5,156

 
(4,470
)
 
13,482

 
(32,310
)
Net loss from discontinued operations attributable to common stockholders
(2,329
)
 
(2,984
)
 
(7,333
)
 
(8,895
)
Net income (loss) available to First Banks, Inc. common stockholders
2,827

 
(7,454
)
 
6,149

 
(41,205
)
Effect of dilutive securities:
 
 
 
 
 
 
 
Class A convertible preferred stock
—

 
—

 
—

 
—

Diluted income (loss) available to First Banks, Inc. common stockholders
$
2,827

 
(7,454
)
 
6,149

 
(41,205
)
 
 
 
 
 
 
 
 
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
$
217.91

 
(188.89
)
 
569.81

 
(1,365.48
)
Diluted loss per common share – discontinued operations
$
(98.43
)
 
(126.12
)
 
(309.92
)
 
(375.94
)
Diluted earnings (loss) per common share
$
119.48

 
(315.01
)
 
259.89

 
(1,741.42
)