BUSINESS SEGMENT RESULTS

12 Months Ended

Dec. 31, 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. Such principles and practices are summarized in Note 1 to the consolidated financial statements. The business segment results are summarized as follows:

	First Bank				Corporate, Other and Intercompany Reclassifications						Consolidated Totals
	2013		2012	2011	2013		2012		2011		2013	2012	2011
	(dollars expressed in thousands)
Balance sheet information:
Investment securities	$	2,351,931	2,675,280	2,470,704	—		—		—		2,351,931	2,675,280	2,470,704
Total loans	2,857,095		2,930,747	3,284,279	—		—		—		2,857,095	2,930,747	3,284,279
FRB and FHLB stock	27,357		27,329	27,078	—		—		—		27,357	27,329	27,078
Goodwill	—		125,267	125,267	—		—		—		—	125,267	125,267
Assets of discontinued operations	—		6,706	6,913	—		—		—		—	6,706	6,913
Total assets	5,865,160		6,495,226	6,593,515	53,823		13,900		15,398		5,918,983	6,509,126	6,608,913
Deposits	4,815,792		5,495,624	5,625,889	(1,897	)	(2,777	)	(2,834	)	4,813,895	5,492,847	5,623,055
Other borrowings	43,143		26,025	51,170	—		—		—		43,143	26,025	51,170
Subordinated debentures	—		—	—	354,210		354,133		354,057		354,210	354,133	354,057
Liabilities of discontinued operations	—		155,711	174,737	—		—		—		—	155,711	174,737
Stockholders’ equity	931,561		751,252	680,625	(443,305	)	(451,293	)	(416,954	)	488,256	299,959	263,671

	First Bank							Corporate, Other and Intercompany Reclassifications						Consolidated Totals
	2013			2012		2011		2013		2012		2011		2013		2012		2011
	(dollars expressed in thousands)
Income statement information:
Interest income	$	172,810		200,682		230,974		—		121		85		172,810		200,803		231,059
Interest expense	9,054			14,773		30,026		15,050		14,838		13,612		24,104		29,611		43,638
Net interest income(loss)	163,756			185,909		200,948		(15,050	)	(14,717	)	(13,527	)	148,706		171,192		187,421
Provision (benefit) for loan losses	(5,000		)	2,000		69,000		—		—		—		(5,000	)	2,000		69,000
Net interest income(loss) afterprovision (benefit) for loan losses	168,756			183,909		131,948		(15,050	)	(14,717	)	(13,527	)	153,706		169,192		118,421
Noninterest income	64,666			65,573		61,705		454		405		219		65,120		65,978		61,924
Goodwill impairment	107,267			—		—		—		—		—		107,267		—		—
Amortization ofintangible assets	—			—		3,024		—		—		—		—		—		3,024
Other noninterestexpense	178,450			198,997		223,059		910		1,510		(378	)	179,360		200,507		222,681
(Loss) income from continuingoperations before(benefit)provisionfor income taxes	(52,295		)	50,485		(32,430	)	(15,506	)	(15,822	)	(12,930	)	(67,801	)	34,663		(45,360	)
(Benefit) provision forincome taxes	(249,137		)	230		(10,608	)	(39,364	)	(369	)	(46	)	(288,501	)	(139	)	(10,654	)
Net income (loss) from continuingoperations, net of tax	196,842			50,255		(21,822	)	23,858		(15,453	)	(12,884	)	220,700		34,802		(34,706	)
Income (loss) from discontinued operations,net of tax	21,223			(8,821	)	(9,394	)	—		—		—		21,223		(8,821	)	(9,394	)
Net income (loss)	218,065			41,434		(31,216	)	23,858		(15,453	)	(12,884	)	241,923		25,981		(44,100	)
Net income (loss) attributable tononcontrolling interestin subsidiary	179			(297	)	(2,950	)	—		—		—		179		(297	)	(2,950	)
Net income (loss) attributable toFirst Banks, Inc.	$	217,886		41,731		(28,266	)	23,858		(15,453	)	(12,884	)	241,744		26,278		(41,150	)