EARNINGS (LOSS) PER COMMON SHARE

9 Months Ended

Sep. 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 nine months endedSeptember 30, 2013 and 2012:

	Three Months Ended					Nine Months Ended
	September 30,					September 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.	$	6,741		10,655		28,312		29,642
Preferred stock dividends declared and undeclared	(5,013		)	(4,753	)	(14,841	)	(14,070	)
Accretion of discount on preferred stock	(919		)	(893	)	(2,725	)	(2,660	)
Net income from continuing operations attributable to common stockholders	809			5,009		10,746		12,912
Net loss from discontinued operations attributable to common stockholders	(881		)	(2,182	)	(6,279	)	(6,763	)
Net (loss) income available to First Banks, Inc. common stockholders	$	(72	)	2,827		4,467		6,149
Weighted average shares of common stock outstanding	23,661			23,661		23,661		23,661
Basic earnings per common share – continuing operations	$	34.19		211.70		454.17		545.72
Basic loss per common share – discontinued operations	$	(37.23	)	(92.22	)	(265.37	)	(285.83	)
Basic (loss) earnings per common share	$	(3.04	)	119.48		188.80		259.89
Diluted:
Net income from continuing operations attributable to common stockholders	$	809		5,009		10,746		12,912
Net loss from discontinued operations attributable to common stockholders	(881		)	(2,182	)	(6,279	)	(6,763	)
Net (loss) income available to First Banks, Inc. common stockholders	(72		)	2,827		4,467		6,149
Effect of dilutive securities – Class A convertible preferred stock	—			—		—		—
Diluted (loss) income available to First Banks, Inc. common stockholders	$	(72	)	2,827		4,467		6,149
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 per common share – continuing operations	$	34.19		211.70		454.17		545.72
Diluted loss per common share – discontinued operations	$	(37.23	)	(92.22	)	(265.37	)	(285.83	)
Diluted (loss) earnings per common share	$	(3.04	)	119.48		188.80		259.89