EARNINGS (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 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 and six months endedJune 30, 2013 and 2012:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013			2012		2013		2012
	(dollars in thousands, except share and per share data)
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	12,797		9,781		21,571		18,987
Preferred stock dividends declared and undeclared	(4,947		)	(4,690	)	(9,828	)	(9,317	)
Accretion of discount on preferred stock	(908		)	(883	)	(1,806	)	(1,767	)
Net income from continuing operations attributable to common stockholders	6,942			4,208		9,937		7,903
Net loss from discontinued operations attributable to common stockholders	(3,334		)	(2,273	)	(5,398	)	(4,581	)
Net income available to First Banks, Inc. common stockholders	$	3,608		1,935		4,539		3,322
Weighted average shares of common stock outstanding	23,661			23,661		23,661		23,661
Basic earnings per common share – continuing operations	$	293.39		177.84		419.98		334.02
Basic loss per common share – discontinued operations	$	(140.90	)	(96.06	)	(228.14	)	(193.61	)
Basic earnings per common share	$	152.49		81.78		191.84		140.41
Diluted:
Net income from continuing operations attributable to common stockholders	$	6,942		4,208		9,937		7,903
Net loss from discontinued operations attributable to common stockholders	(3,334		)	(2,273	)	(5,398	)	(4,581	)
Net income available to First Banks, Inc. common stockholders	3,608			1,935		4,539		3,322
Effect of dilutive securities – Class A convertible preferred stock	—			—		—		—
Diluted income available to First Banks, Inc. common stockholders	$	3,608		1,935		4,539		3,322
Weighted average shares of common stock outstanding	23,661			23,661		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		23,661		23,661
Diluted earnings per common share – continuing operations	$	293.39		177.84		419.98		334.02
Diluted loss per common share – discontinued operations	$	(140.90	)	(96.06	)	(228.14	)	(193.61	)
Diluted earnings per common share	$	152.49		81.78		191.84		140.41