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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income:    
Interest and fees on loans $ 29,079 $ 30,173
Investment securities 12,632 13,248
Federal Reserve Bank and Federal Home Loan Bank stock 358 303
Short-term investments 120 262
Total interest income 42,189 43,986
Interest expense:    
Interest-bearing demand 82 76
Savings and money market 744 635
Time deposits of $100 or more 486 656
Other time deposits 722 1,103
Securities sold under agreements to repurchase 4 3
Subordinated debentures 3,811 3,676
Total interest expense 5,849 6,149
Net interest income 36,340 37,837
Provision for loan losses 0 0
Net interest income after provision for loan losses 36,340 37,837
Noninterest income:    
Service charges on deposit accounts and customer service fees 8,333 8,314
Gain on loans sold and held for sale 865 1,553
Net gain (loss) on investment securities 1,280 (416)
Net gain on sale of other real estate 442 366
(Decrease) increase in fair value of servicing rights (232) 154
Loan servicing fees 1,711 1,717
Other 2,276 3,707
Total noninterest income 14,675 15,395
Noninterest expense:    
Salaries and employee benefits 19,882 19,551
Occupancy, net of rental income 5,784 5,834
Furniture and equipment 2,360 2,583
Postage, printing and supplies 639 628
Information technology fees 5,610 5,285
Legal, examination and professional fees 1,291 1,663
Advertising and business development 622 432
FDIC insurance 1,264 1,882
Write-downs and expenses on other real estate 699 1,511
Other 4,597 4,678
Total noninterest expense 42,748 44,047
Income from continuing operations before provision for income taxes 8,267 9,185
Provision for income taxes 2,917 365
Net income from continuing operations, net of tax 5,350 8,820
Loss from discontinued operations, net of tax 0 (2,064)
Net income 5,350 6,756
Less: net (loss) income attributable to noncontrolling interest in subsidiary 55 (46)
Net income attributable to First Banks, Inc. 5,405 6,710
Preferred stock dividends declared 0 4,881
Accretion of discount on preferred stock 0 898
Net income available to common stockholders $ 5,405 $ 931
Basic earnings per common share from continuing operations (in dollars per share) $ 228.43 $ 126.59
Diluted earnings per common share from continuing operations (in dollars per share) $ 192.46 $ 126.59
Basic earnings per common share (in dollars per share) $ 228.43 $ 39.35
Diluted earnings per common share (in dollars per share) $ 192.46 $ 39.35
Weighted average shares of common stock outstanding (in shares) 23,661 23,661