XML 22 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
BUSINESS SEGMENT RESULTS (Tables)
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Business Segment Results
The business segment results are summarized as follows:
 
First Bank
 
Corporate, Other and Intercompany Reclassifications
 
Consolidated Totals
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
(dollars expressed in thousands)
Balance sheet information:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
$
2,675,280

 
2,470,704

 
1,483,659

 
—

 
—

 
—

 
2,675,280

 
2,470,704

 
1,483,659

Loans, net of net deferred loan fees
2,930,747

 
3,284,279

 
4,492,284

 
—

 
—

 
—

 
2,930,747

 
3,284,279

 
4,492,284

FRB and FHLB stock
27,329

 
27,078

 
30,121

 
—

 
—

 
—

 
27,329

 
27,078

 
30,121

Goodwill and other intangible assets
125,267

 
125,267

 
129,054

 
—

 
—

 
—

 
125,267

 
125,267

 
129,054

Assets held for sale
—

 
—

 
2,266

 
—

 
—

 
—

 
—

 
—

 
2,266

Assets of discontinued operations
6,706

 
6,913

 
43,532

 
—

 
—

 
—

 
6,706

 
6,913

 
43,532

Total assets
6,495,226

 
6,593,515

 
7,361,706

 
13,900

 
15,398

 
16,422

 
6,509,126

 
6,608,913

 
7,378,128

Deposits
5,495,624

 
5,625,889

 
6,462,068

 
(2,777
)
 
(2,834
)
 
(3,653
)
 
5,492,847

 
5,623,055

 
6,458,415

Other borrowings
26,025

 
51,170

 
31,761

 
—

 
—

 
—

 
26,025

 
51,170

 
31,761

Subordinated debentures
—

 
—

 
—

 
354,133

 
354,057

 
353,981

 
354,133

 
354,057

 
353,981

Liabilities held for sale
—

 
—

 
23,406

 
—

 
—

 
—

 
—

 
—

 
23,406

Liabilities of discontinued operations
155,711

 
174,737

 
94,184

 
—

 
—

 
—

 
155,711

 
174,737

 
94,184

Stockholders’ equity
751,252

 
680,625

 
693,458

 
(451,293
)
 
(416,954
)
 
(386,163
)
 
299,959

 
263,671

 
307,295



 
First Bank
 
Corporate, Other and Intercompany Reclassifications
 
Consolidated Totals
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
(dollars expressed in thousands)
Income statement information:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
202,444

 
233,211

 
312,333

 
121

 
85

 
135

 
202,565

 
233,296

 
312,468

Interest expense
15,250

 
30,927

 
63,027

 
14,838

 
13,612

 
12,993

 
30,088

 
44,539

 
76,020

Net interest income (loss)
187,194

 
202,284

 
249,306

 
(14,717
)
 
(13,527
)
 
(12,858
)
 
172,477

 
188,757

 
236,448

Provision for loan losses
2,000

 
69,000

 
214,000

 
—

 
—

 
—

 
2,000

 
69,000

 
214,000

Net interest income (loss) after provision for loan losses
185,194

 
133,284

 
35,306

 
(14,717
)
 
(13,527
)
 
(12,858
)
 
170,477

 
119,757

 
22,448

Noninterest income
65,801

 
61,975

 
78,453

 
405

 
219

 
39

 
66,206

 
62,194

 
78,492

Amortization of intangible assets
—

 
3,024

 
3,292

 
—

 
—

 
—

 
—

 
3,024

 
3,292

Other noninterest expense
203,808

 
227,600

 
294,708

 
1,510

 
(378
)
 
639

 
205,318

 
227,222

 
295,347

Income (loss) from continuing operations before provision (benefit) for income taxes
47,187

 
(35,365
)
 
(184,241
)
 
(15,822
)
 
(12,930
)
 
(13,458
)
 
31,365

 
(48,295
)
 
(197,699
)
Provision (benefit) for income taxes
230

 
(10,608
)
 
4,286

 
(369
)
 
(46
)
 
(172
)
 
(139
)
 
(10,654
)
 
4,114

Net income (loss) from continuing operations, net of tax
46,957

 
(24,757
)
 
(188,527
)
 
(15,453
)
 
(12,884
)
 
(13,286
)
 
31,504

 
(37,641
)
 
(201,813
)
(Loss) income from discontinued operations, net of tax
(5,523
)
 
(6,459
)
 
3,562

 
—

 
—

 
—

 
(5,523
)
 
(6,459
)
 
3,562

Net income (loss)
41,434

 
(31,216
)
 
(184,965
)
 
(15,453
)
 
(12,884
)
 
(13,286
)
 
25,981

 
(44,100
)
 
(198,251
)
Net loss attributable to noncontrolling interest in subsidiary
(297
)
 
(2,950
)
 
(6,514
)
 
—

 
—

 
—

 
(297
)
 
(2,950
)
 
(6,514
)
Net income (loss) attributable to First Banks, Inc.
$
41,731

 
(28,266
)
 
(178,451
)
 
(15,453
)
 
(12,884
)
 
(13,286
)
 
26,278

 
(41,150
)
 
(191,737
)