EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The following is a reconciliation of basic and diluted earnings (loss) per share (EPS) for the three months ended March 31, 2014 and 2013:



	Three Months Ended
	March 31,
	2014		2013
	(dollars in thousands, except share and per share data)
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	5,405	8,774
Preferred stock dividends declared	—		(4,881	)
Accretion of discount on preferred stock	—		(898	)
Net income from continuing operations attributable to common stockholders	5,405		2,995
Net loss from discontinued operations attributable to common stockholders	—		(2,064	)
Net income available to First Banks, Inc. common stockholders	$	5,405	931

Weighted average shares of common stock outstanding	23,661		23,661

Basic earnings per common share – continuing operations	$	228.43	126.59
Basic loss per common share – discontinued operations	$	—	(87.24	)
Basic earnings per common share	$	228.43	39.35

Diluted:
Net income from continuing operations attributable to common stockholders	$	5,405	2,995
Net loss from discontinued operations attributable to common stockholders	—		(2,064	)
Net income available to First Banks, Inc. common stockholders	5,405		931
Effect of dilutive securities – Class A convertible preferred stock	—		—
Diluted income available to First Banks, Inc. common stockholders	$	5,405	931

Weighted average shares of common stock outstanding	23,661		23,661
Effect of dilutive securities – Class A convertible preferred stock	4,421		—
Weighted average diluted shares of common stock outstanding	28,082		23,661

Diluted earnings per common share – continuing operations	$	192.46	126.59
Diluted loss per common share – discontinued operations	$	—	(87.24	)
Diluted earnings per common share	$	192.46	39.35