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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest and fees on loans $ 30,182 $ 29,885 $ 59,261 $ 60,058
Investment securities 11,903 13,317 24,535 26,565
Federal Reserve Bank and Federal Home Loan Bank stock 360 307 718 610
Short-term investments 142 223 262 485
Total interest income 42,587 43,732 84,776 87,718
Interest expense:        
Interest-bearing demand 87 74 169 150
Savings and money market 769 632 1,513 1,267
Time deposits of $100 or more 483 573 969 1,229
Other time deposits 695 978 1,417 2,081
Other borrowings 2 (15) 6 (12)
Subordinated debentures 3,027 3,733 6,838 7,409
Total interest expense 5,063 5,975 10,912 12,124
Net interest income 37,524 37,757 73,864 75,594
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 37,524 37,757 73,864 75,594
Noninterest income:        
Service charges on deposit accounts and customer service fees 8,667 8,607 17,000 16,921
Gain on loans sold and held for sale 1,554 1,572 2,419 3,125
Net (loss) gain on investment securities (1) 345 1,279 (71)
Net gain on sale of other real estate 692 3,658 1,134 4,024
(Decrease) increase in fair value of servicing rights (901) 470 (1,133) 624
Loan servicing fees 1,664 1,776 3,375 3,493
Other 2,539 2,515 4,815 6,222
Total noninterest income 14,214 18,943 28,889 34,338
Noninterest expense:        
Salaries and employee benefits 20,383 19,645 40,265 39,196
Occupancy, net of rental income 5,479 5,935 11,263 11,769
Furniture and equipment 2,643 2,538 5,003 5,121
Postage, printing and supplies 554 711 1,193 1,339
Information technology fees 5,874 5,270 11,484 10,555
Legal, examination and professional fees 1,447 1,497 2,738 3,160
Advertising and business development 650 584 1,272 1,016
FDIC insurance 1,241 1,838 2,505 3,720
Write-downs and expenses on other real estate 639 1,259 1,338 2,770
Other 4,678 4,866 9,275 9,544
Total noninterest expense 43,588 44,143 86,336 88,190
Income from continuing operations before provision (benefit) for income taxes 8,150 12,557 16,417 21,742
Provision (benefit) for income taxes 2,918 (345) 5,835 20
Net income from continuing operations, net of tax 5,232 12,902 10,582 21,722
Loss from discontinued operations, net of tax 0 (3,334) 0 (5,398)
Net income 5,232 9,568 10,582 16,324
Less: net income (loss) attributable to noncontrolling interest in subsidiary 1 105 (54) 151
Net income attributable to First Banks, Inc. 5,231 9,463 10,636 16,173
Preferred stock dividends declared 0 (4,947) 0 (9,828)
Accretion of discount on preferred stock 0 (908) 0 (1,806)
Net income available to common stockholders $ 5,231 $ 3,608 $ 10,636 $ 4,539
Basic earnings per common share from continuing operations (in dollars per share) $ 221.11 $ 293.39 $ 449.54 $ 419.98
Diluted earnings per common share from continuing operations (in dollars per share) $ 189.80 $ 293.39 $ 382.26 $ 419.98
Basic earnings per common share (in dollars per share) $ 221.11 $ 152.49 $ 449.54 $ 191.84
Diluted earnings per common share (in dollars per share) $ 189.80 $ 152.49 $ 382.26 $ 191.84
Weighted average shares of common stock outstanding (in shares) 23,661 23,661 23,661 23,661