BUSINESS SEGMENT RESULTS

6 Months Ended

Jun. 30, 2014

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
	June 30, 2014		December 31, 2013	June 30, 2014		December 31, 2013		June 30, 2014	December 31, 2013
	(dollars expressed in thousands)
Balance sheet information:
Investment securities	$	2,123,778	2,351,931	—		—		2,123,778	2,351,931
Total loans	2,952,119		2,857,095	—		—		2,952,119	2,857,095
FRB and FHLB stock	30,388		27,357	—		—		30,388	27,357
Total assets	5,830,155		5,865,160	52,199		53,823		5,882,354	5,918,983
Deposits	4,816,077		4,815,792	(10,043	)	(1,897	)	4,806,034	4,813,895
Securities sold under agreements to repurchase	57,572		43,143	—		—		57,572	43,143
Subordinated debentures	—		—	354,248		354,210		354,248	354,210
Stockholders’ equity	880,667		931,561	(374,439	)	(443,305	)	506,228	488,256

	First Bank				Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended				Three Months Ended				Three Months Ended
	June 30,				June 30,				June 30,
	2014		2013		2014		2013		2014	2013
	(dollars expressed in thousands)
Income statement information:
Interest income	$	42,557	43,732		30		—		42,587	43,732
Interest expense	2,041		2,244		3,022		3,731		5,063	5,975
Net interest income (loss)	40,516		41,488		(2,992	)	(3,731	)	37,524	37,757
Provision for loan losses	—		—		—		—		—	—
Net interest income (loss) after provision for loan losses	40,516		41,488		(2,992	)	(3,731	)	37,524	37,757
Noninterest income	14,124		18,831		90		112		14,214	18,943
Noninterest expense	43,607		44,025		(19	)	118		43,588	44,143
Income (loss) from continuing operations before provision (benefit) for income taxes	11,033		16,294		(2,883	)	(3,737	)	8,150	12,557
Provision (benefit) for income taxes	1,901		(128	)	1,017		(217	)	2,918	(345	)
Net income (loss) from continuing operations, net of tax	9,132		16,422		(3,900	)	(3,520	)	5,232	12,902
Loss from discontinued operations, net of tax	—		(3,334	)	—		—		—	(3,334	)
Net income (loss)	9,132		13,088		(3,900	)	(3,520	)	5,232	9,568
Net income attributable to noncontrolling interest in subsidiary	1		105		—		—		1	105
Net income (loss) attributable to First Banks, Inc.	$	9,131	12,983		(3,900	)	(3,520	)	5,231	9,463

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Six Months Ended					Six Months Ended				Six Months Ended
	June 30,					June 30,				June 30,
	2014			2013		2014		2013		2014		2013
	(dollars expressed in thousands)
Income statement information:
Interest income	$	84,746		87,718		30		—		84,776		87,718
Interest expense	4,092			4,717		6,820		7,407		10,912		12,124
Net interest income (loss)	80,654			83,001		(6,790	)	(7,407	)	73,864		75,594
Provision for loan losses	—			—		—		—		—		—
Net interest income (loss) after provision for loan losses	80,654			83,001		(6,790	)	(7,407	)	73,864		75,594
Noninterest income	28,683			34,115		206		223		28,889		34,338
Noninterest expense	86,600			87,888		(264	)	302		86,336		88,190
Income (loss) from continuing operations before provision (benefit) for income taxes	22,737			29,228		(6,320	)	(7,486	)	16,417		21,742
Provision (benefit) for income taxes	6,021			20		(186	)	—		5,835		20
Net income (loss) from continuing operations, net of tax	16,716			29,208		(6,134	)	(7,486	)	10,582		21,722
Loss from discontinued operations, net of tax	—			(5,398	)	—		—		—		(5,398	)
Net income (loss)	16,716			23,810		(6,134	)	(7,486	)	10,582		16,324
Net (loss) income attributable to noncontrolling interest in subsidiary	(54		)	151		—		—		(54	)	151
Net income (loss) attributable to First Banks, Inc.	$	16,770		23,659		(6,134	)	(7,486	)	10,636		16,173