The following is a reconciliation of basic and diluted earnings (loss) per share (EPS) for the three and six months ended June 30, 2014 and 2013:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014	2013
	(dollars in thousands, except share and per share data)
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	5,231	12,797		10,636	21,571
Preferred stock dividends declared	—		(4,947	)	—	(9,828	)
Accretion of discount on preferred stock	—		(908	)	—	(1,806	)
Net income from continuing operations attributable to common stockholders	5,231		6,942		10,636	9,937
Net loss from discontinued operations attributable to common stockholders	—		(3,334	)	—	(5,398	)
Net income available to First Banks, Inc. common stockholders	$	5,231	3,608		10,636	4,539

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

Basic earnings per common share – continuing operations	$	221.11	293.39		449.54	419.98
Basic loss per common share – discontinued operations	$	—	(140.90	)	—	(228.14	)
Basic earnings per common share	$	221.11	152.49		449.54	191.84

Diluted:
Net income from continuing operations attributable to common stockholders	$	5,231	6,942		10,636	9,937
Net loss from discontinued operations attributable to common stockholders	—		(3,334	)	—	(5,398	)
Net income available to First Banks, Inc. common stockholders	5,231		3,608		10,636	4,539
Effect of dilutive securities – Class A convertible preferred stock	—		—		—	—
Diluted income available to First Banks, Inc. common stockholders	$	5,231	3,608		10,636	4,539

Weighted average shares of common stock outstanding	23,661		23,661		23,661	23,661
Effect of dilutive securities – Class A convertible preferred stock	3,903		—		4,162	—
Weighted average diluted shares of common stock outstanding	27,564		23,661		27,823	23,661

Diluted earnings per common share – continuing operations	$	189.80	293.39		382.26	419.98
Diluted loss per common share – discontinued operations	$	—	(140.90	)	—	(228.14	)
Diluted earnings per common share	$	189.80	152.49		382.26	191.84