BUSINESS SEGMENT RESULTS

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENT RESULTS

BUSINESSSEGMENTRESULTS

The Company’s business segment is First Bank. The reportable business segment is consistent with the management structure of the Company, First Bank and the internal reporting system that monitors performance. First Bank provides similar products and services in its defined geographic areas through its branch network. The products and services offered include a broad range of commercial and personal deposit products, including demand, savings, money market and time deposit accounts. In addition, First Bank markets combined basic services for various customer groups, including packaged accounts for more affluent customers, and sweep accounts, lock-box deposits and cash management products for commercial customers. First Bank also offers consumer and commercial loans. Consumer lending includes residential real estate, home equity and installment lending. Commercial lending includes commercial, financial and agricultural loans, real estate construction and development loans, commercial real estate loans and small business lending. Other financial services include mortgage banking, debit cards, brokerage services, internet banking, remote deposit, mobile banking, ATMs, telephone banking, safe deposit boxes, and trust and private banking services. The revenues generated by First Bank and its subsidiaries consist primarily of interest income generated from the loan and investment security portfolios, service charges and fees generated from deposit products and services, and fees generated by the Company’s mortgage banking and trust and private banking business units. The Company’s products and services are offered to customers primarily within its geographic areas, which include eastern Missouri, southern Illinois, southern and northern California, and Florida’s Bradenton, Palmetto and Longboat Key communities. Certain loan products are available nationwide.

The business segment results are consistent with the Company’s internal reporting system and, in all material respects, with GAAP and practices predominant in the banking industry. The business segment results are summarized as follows:

	First Bank			Corporate, Other and Intercompany Reclassifications				ConsolidatedTotals
	June 30, 2013		December 31, 2012	June 30, 2013		December 31, 2012		June 30, 2013	December 31, 2012
	(dollars expressed in thousands)
Balance sheet information:
Investment securities	$	2,504,715	2,675,280	—		—		2,504,715	2,675,280
Total loans	2,820,949		2,930,747	—		—		2,820,949	2,930,747
FRB and FHLB stock	27,674		27,329	—		—		27,674	27,329
Goodwill	107,267		125,267	—		—		107,267	125,267
Assets of discontinued operations	39,006		6,706	—		—		39,006	6,706
Total assets	6,202,250		6,495,226	14,668		13,900		6,216,918	6,509,126
Deposits	4,824,797		5,495,624	(2,511	)	(2,777	)	4,822,286	5,492,847
Other borrowings	35,228		26,025	—		—		35,228	26,025
Subordinated debentures	—		—	354,172		354,133		354,172	354,133
Liabilities of discontinued operations	550,683		155,711	—		—		550,683	155,711
Stockholders’ equity	739,406		751,252	(468,607	)	(451,293	)	270,799	299,959

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended					Three Months Ended				Three Months Ended
	June 30,					June 30,				June 30,
	2013			2012		2013		2012		2013		2012
	(dollars expressed in thousands)
Income statement information:
Interest income	$	43,732		51,142		—		—		43,732		51,142
Interest expense	2,244			3,934		3,731		3,681		5,975		7,615
Net interest income (loss)	41,488			47,208		(3,731	)	(3,681	)	37,757		43,527
Provision for loan losses	—			—		—		—		—		—
Net interest income (loss) after provision for loan losses	41,488			47,208		(3,731	)	(3,681	)	37,757		43,527
Noninterest income	18,831			15,746		112		109		18,943		15,855
Noninterest expense	44,025			49,497		118		368		44,143		49,865
Income (loss) from continuing operations before (benefit) provision for income taxes	16,294			13,457		(3,737	)	(3,940	)	12,557		9,517
(Benefit) provision for income taxes	(128		)	(351	)	(217	)	472		(345	)	121
Net income (loss) from continuing operations, net of tax	16,422			13,808		(3,520	)	(4,412	)	12,902		9,396
Loss from discontinued operations, net of tax	(3,334		)	(2,273	)	—		—		(3,334	)	(2,273	)
Net income (loss)	13,088			11,535		(3,520	)	(4,412	)	9,568		7,123
Net income (loss) attributable to noncontrolling interest in subsidiary	105			(385	)	—		—		105		(385	)
Net income (loss) attributable to First Banks, Inc.	$	12,983		11,920		(3,520	)	(4,412	)	9,463		7,508

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Six Months Ended					Six Months Ended				Six Months Ended
	June 30,					June 30,				June 30,
	2013			2012		2013		2012		2013		2012
	(dollars expressed in thousands)
Income statement information:
Interest income	$	87,718		102,986		—		21		87,718		103,007
Interest expense	4,717			8,405		7,407		7,364		12,124		15,769
Net interest income (loss)	83,001			94,581		(7,407	)	(7,343	)	75,594		87,238
Provision for loan losses	—			2,000		—		—		—		2,000
Net interest income (loss) after provision for loan losses	83,001			92,581		(7,407	)	(7,343	)	75,594		85,238
Noninterest income	34,115			32,698		223		181		34,338		32,879
Noninterest expense	87,888			98,650		302		709		88,190		99,359
Income (loss) from continuing operations before provision (benefit) for income taxes	29,228			26,629		(7,486	)	(7,871	)	21,742		18,758
Provision (benefit) for income taxes	20			(219	)	—		435		20		216
Net income (loss) from continuing operations, net of tax	29,208			26,848		(7,486	)	(8,306	)	21,722		18,542
Loss from discontinued operations, net of tax	(5,398		)	(4,581	)	—		—		(5,398	)	(4,581	)
Net income (loss)	23,810			22,267		(7,486	)	(8,306	)	16,324		13,961
Net income (loss) attributable to noncontrolling interest in subsidiary	151			(445	)	—		—		151		(445	)
Net income (loss) attributable to First Banks, Inc.	$	23,659		22,712		(7,486	)	(8,306	)	16,173		14,406