EARNINGS (LOSS) PER COMMON SHARE

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER COMMON SHARE

EARNINGS(LOSS)PERCOMMONSHARE

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars in thousands, except share and per share data)	2014		2013		2014	2013
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	6,042	6,741		16,678	28,312
Preferred stock dividends declared	—		(5,013	)	—	(14,841	)
Accretion of discount on preferred stock	—		(919	)	—	(2,725	)
Net income from continuing operations attributable to common stockholders	6,042		809		16,678	10,746
Net loss from discontinued operations attributable to common stockholders	—		(881	)	—	(6,279	)
Net income (loss) available to First Banks, Inc. common stockholders	$	6,042	(72	)	16,678	4,467
Weighted average shares of common stock outstanding	23,661		23,661		23,661	23,661
Basic earnings per common share – continuing operations	$	255.34	34.19		704.88	454.17
Basic loss per common share – discontinued operations	$	—	(37.23	)	—	(265.37	)
Basic earnings (loss) per common share	$	255.34	(3.04	)	704.88	188.80
Diluted:
Net income from continuing operations attributable to common stockholders	$	6,042	809		16,678	10,746
Net loss from discontinued operations attributable to common stockholders	—		(881	)	—	(6,279	)
Net income (loss) available to First Banks, Inc. common stockholders	6,042		(72	)	16,678	4,467
Effect of dilutive securities – Class A convertible preferred stock	—		—		—	—
Diluted income (loss) available to First Banks, Inc. common stockholders	$	6,042	(72	)	16,678	4,467
Weighted average shares of common stock outstanding	23,661		23,661		23,661	23,661
Effect of dilutive securities – Class A convertible preferred stock	3,501		—		3,942	—
Weighted average diluted shares of common stock outstanding	27,162		23,661		27,603	23,661
Diluted earnings per common share – continuing operations	$	222.43	34.19		604.22	454.17
Diluted loss per common share – discontinued operations	$	—	(37.23	)	—	(265.37	)
Diluted earnings (loss) per common share	$	222.43	(3.04	)	604.22	188.80