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EARNINGS (LOSS) PER COMMON SHARE
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE
The following is a reconciliation of basic and diluted income (loss) per share for the years ended December 31, 2012, 2011 and 2010:
 
Years Ended December 31,
 
2012
 
2011
 
2010
 
(dollars in thousands, except share and per share data)
Basic:
 
 
 
 
 
Net income (loss) from continuing operations attributable to First Banks, Inc.
$
31,801

 
(34,691
)
 
(195,299
)
Preferred stock dividends declared and undeclared
(18,886
)
 
(17,908
)
 
(16,980
)
Accretion of discount on preferred stock
(3,554
)
 
(3,466
)
 
(3,381
)
Net income (loss) from continuing operations attributable to common stockholders
9,361

 
(56,065
)
 
(215,660
)
Net (loss) income from discontinued operations attributable to common stockholders
(5,523
)
 
(6,459
)
 
3,562

Net income (loss) available to First Banks, Inc. common stockholders
$
3,838

 
(62,524
)
 
(212,098
)
 
 
 
 
 
 
Weighted average shares of common stock outstanding
23,661

 
23,661

 
23,661

 
 
 
 
 
 
Basic earnings (loss) per common share – continuing operations
$
395.64

 
(2,369.48
)
 
(9,114.61
)
Basic (loss) earnings per common share – discontinued operations
$
(233.42
)
 
(272.98
)
 
150.54

Basic earnings (loss) per common share
$
162.22

 
(2,642.46
)
 
(8,964.07
)
 
 
 
 
 
 
Diluted:
 
 
 
 
 
Net income (loss) from continuing operations attributable to common stockholders
$
9,361

 
(56,065
)
 
(215,660
)
Net (loss) income from discontinued operations attributable to common stockholders
(5,523
)
 
(6,459
)
 
3,562

Net income (loss) available to First Banks, Inc. common stockholders
3,838

 
(62,524
)
 
(212,098
)
Effect of dilutive securities – Class A convertible preferred stock
—

 
—

 
—

Diluted income (loss) available to First Banks, Inc. common stockholders
$
3,838

 
(62,524
)
 
(212,098
)
 
 
 
 
 
 
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 earnings (loss) per common share – continuing operations
$
395.64

 
(2,369.48
)
 
(9,114.61
)
Diluted (loss) earnings per common share – discontinued operations
$
(233.42
)
 
(272.98
)
 
150.54

Diluted earnings (loss) per common share
$
162.22

 
(2,642.46
)
 
(8,964.07
)