BUSINESS SEGMENT RESULTS

9 Months Ended

Sep. 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
	September 30, 2013		December 31, 2012	September 30, 2013		December 31, 2012		September 30, 2013	December 31, 2012
	(dollars expressed in thousands)
Balance sheet information:
Investment securities	$	2,368,591	2,675,280	—		—		2,368,591	2,675,280
Total loans	2,786,930		2,930,747	—		—		2,786,930	2,930,747
FRB and FHLB stock	27,137		27,329	—		—		27,137	27,329
Goodwill	107,267		125,267	—		—		107,267	125,267
Assets of discontinued operations	38,511		6,706	—		—		38,511	6,706
Total assets	6,222,567		6,495,226	14,761		13,900		6,237,328	6,509,126
Deposits	4,837,493		5,495,624	(2,071	)	(2,777	)	4,835,422	5,492,847
Other borrowings	37,077		26,025	—		—		37,077	26,025
Subordinated debentures	—		—	354,191		354,133		354,191	354,133
Liabilities of discontinued operations	549,155		155,711	—		—		549,155	155,711
Stockholders’ equity	746,716		751,252	(477,618	)	(451,293	)	269,098	299,959

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended					Three Months Ended				Three Months Ended
	September 30,					September 30,				September 30,
	2013			2012		2013		2012		2013		2012
	(dollars expressed in thousands)
Income statement information:
Interest income	$	42,366		50,018		—		100		42,366		50,118
Interest expense	2,149			3,448		3,803		3,745		5,952		7,193
Net interest income (loss)	40,217			46,570		(3,803	)	(3,645	)	36,414		42,925
Provision for loan losses	—			—		—		—		—		—
Net interest income (loss) after provision for loan losses	40,217			46,570		(3,803	)	(3,645	)	36,414		42,925
Noninterest income	15,414			16,541		115		106		15,529		16,647
Noninterest expense	44,994			48,448		311		391		45,305		48,839
Income (loss) from continuing operations before (benefit) provision for income taxes	10,637			14,663		(3,999	)	(3,930	)	6,638		10,733
(Benefit) provision for income taxes	(64		)	666		(1	)	(804	)	(65	)	(138	)
Net income (loss) from continuing operations, net of tax	10,701			13,997		(3,998	)	(3,126	)	6,703		10,871
Loss from discontinued operations, net of tax	(881		)	(2,182	)	—		—		(881	)	(2,182	)
Net income (loss)	9,820			11,815		(3,998	)	(3,126	)	5,822		8,689
Net (loss) income attributable to noncontrolling interest in subsidiary	(38		)	216		—		—		(38	)	216
Net income (loss) attributable to First Banks, Inc.	$	9,858		11,599		(3,998	)	(3,126	)	5,860		8,473

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Nine Months Ended					Nine Months Ended				Nine Months Ended
	September 30,					September 30,				September 30,
	2013			2012		2013		2012		2013		2012
	(dollars expressed in thousands)
Income statement information:
Interest income	$	130,084		153,004		—		121		130,084		153,125
Interest expense	6,866			11,853		11,210		11,109		18,076		22,962
Net interest income (loss)	123,218			141,151		(11,210	)	(10,988	)	112,008		130,163
Provision for loan losses	—			2,000		—		—		—		2,000
Net interest income (loss) after provision for loan losses	123,218			139,151		(11,210	)	(10,988	)	112,008		128,163
Noninterest income	49,529			49,239		338		287		49,867		49,526
Noninterest expense	132,882			147,098		613		1,100		133,495		148,198
Income (loss) from continuing operations before (benefit) provision for income taxes	39,865			41,292		(11,485	)	(11,801	)	28,380		29,491
(Benefit) provision for income taxes	(44		)	447		(1	)	(369	)	(45	)	78
Net income (loss) from continuing operations, net of tax	39,909			40,845		(11,484	)	(11,432	)	28,425		29,413
Loss from discontinued operations, net of tax	(6,279		)	(6,763	)	—		—		(6,279	)	(6,763	)
Net income (loss)	33,630			34,082		(11,484	)	(11,432	)	22,146		22,650
Net income (loss) attributable to noncontrolling interest in subsidiary	113			(229	)	—		—		113		(229	)
Net income (loss) attributable to First Banks, Inc.	$	33,517		34,311		(11,484	)	(11,432	)	22,033		22,879