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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 28,859 $ 34,456 $ 88,917 $ 108,285
Investment securities 12,858 15,235 39,423 43,394
Federal Reserve Bank and Federal Home Loan Bank stock 303 290 913 850
Short-term investments 346 137 831 596
Total interest income 42,366 50,118 130,084 153,125
Interest expense:        
Interest-bearing demand 83 107 233 320
Savings and money market 675 811 1,942 2,811
Time deposits of $100 or more 529 935 1,758 3,196
Other time deposits 860 1,577 2,941 5,462
Other borrowings 1 16 (11) 57
Subordinated debentures 3,804 3,747 11,213 11,116
Total interest expense 5,952 7,193 18,076 22,962
Net interest income 36,414 42,925 112,008 130,163
Provision for loan losses 0 0 0 2,000
Net interest income after provision for loan losses 36,414 42,925 112,008 128,163
Noninterest income:        
Service charges on deposit accounts and customer service fees 8,788 9,053 25,709 27,028
Gain on loans sold and held for sale 1,314 4,325 4,439 10,308
Net gain on investment securities 108 789 37 1,306
Increase (decrease) in fair value of servicing rights 283 (2,417) 907 (4,608)
Loan servicing fees 1,740 1,741 5,233 5,659
Other 3,296 3,156 13,542 9,833
Total noninterest income 15,529 16,647 49,867 49,526
Noninterest expense:        
Salaries and employee benefits 19,777 18,906 58,973 56,474
Occupancy, net of rental income 5,602 5,929 17,371 16,352
Furniture and equipment 2,463 2,625 7,584 7,875
Postage, printing and supplies 533 611 1,872 1,956
Information technology fees 5,365 5,219 15,920 17,130
Legal, examination and professional fees 1,610 2,232 4,770 7,678
Advertising and business development 663 511 1,679 1,481
FDIC insurance 1,852 3,105 5,572 9,410
Write-downs and expenses on other real estate and repossessed assets 1,966 2,922 4,736 11,204
Other 5,474 6,779 15,018 18,638
Total noninterest expense 45,305 48,839 133,495 148,198
Income from continuing operations before (benefit) provision for income taxes 6,638 10,733 28,380 29,491
(Benefit) provision for income taxes (65) (138) (45) 78
Net income from continuing operations, net of tax 6,703 10,871 28,425 29,413
Loss from discontinued operations, net of tax (881) (2,182) (6,279) (6,763)
Net income 5,822 8,689 22,146 22,650
Less: net (loss) income attributable to noncontrolling interest in subsidiary (38) 216 113 (229)
Net income attributable to First Banks, Inc. 5,860 8,473 22,033 22,879
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 (loss) income available to common stockholders $ (72) $ 2,827 $ 4,467 $ 6,149
Basic and diluted earnings per common share from continuing operations $ 34.19 $ 211.70 $ 454.17 $ 545.72
Basic and diluted loss per common share from discontinued operations $ (37.23) $ (92.22) $ (265.37) $ (285.83)
Basic and diluted (loss) earnings per common share $ (3.04) $ 119.48 $ 188.80 $ 259.89
Weighted average shares of common stock outstanding 23,661 23,661 23,661 23,661