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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans $ 29,437 $ 28,859 $ 88,698 $ 88,917
Investment securities 11,972 12,858 36,507 39,423
Federal Reserve Bank and Federal Home Loan Bank stock 362 303 1,080 913
Short-term investments 174 346 436 831
Total interest income 41,945 42,366 126,721 130,084
Interest expense:        
Interest-bearing demand 97 83 266 233
Savings and money market 822 675 2,335 1,942
Time deposits of $100 or more 471 529 1,440 1,758
Other time deposits 661 860 2,078 2,941
Other borrowings (1) 1 5 (11)
Subordinated debentures 3,048 3,804 9,886 11,213
Total interest expense 5,098 5,952 16,010 18,076
Net interest income 36,847 36,414 110,711 112,008
(Benefit) provision for loan losses (5,000) 0 (5,000) 0
Net interest income after (benefit) provision for loan losses 41,847 36,414 115,711 112,008
Noninterest income:        
Service charges on deposit accounts and customer service fees 8,948 8,788 25,948 25,709
Gain on loans sold and held for sale 1,393 1,314 3,812 4,439
Net (loss) gain on investment securities (1) 108 1,278 37
Net gain on sale of other real estate 148 795 1,282 4,819
(Decrease) increase in fair value of servicing rights (501) 283 (1,634) 907
Loan servicing fees 1,627 1,740 5,002 5,233
Other 2,460 2,501 7,275 8,723
Total noninterest income 14,074 15,529 42,963 49,867
Noninterest expense:        
Salaries and employee benefits 20,922 19,777 61,187 58,973
Occupancy, net of rental income 5,809 5,602 17,072 17,371
Furniture and equipment 2,674 2,463 7,677 7,584
Postage, printing and supplies 558 533 1,751 1,872
Information technology fees 5,775 5,365 17,259 15,920
Legal, examination and professional fees 1,528 1,610 4,266 4,770
Advertising and business development 803 663 2,075 1,679
FDIC insurance 1,254 1,852 3,759 5,572
Write-downs and expenses on other real estate 2,068 1,966 3,406 4,736
Other 5,308 5,474 14,583 15,018
Total noninterest expense 46,699 45,305 133,035 133,495
Income from continuing operations before provision (benefit) for income taxes 9,222 6,638 25,639 28,380
Provision (benefit) for income taxes 3,212 (65) 9,047 (45)
Net income from continuing operations, net of tax 6,010 6,703 16,592 28,425
Loss from discontinued operations, net of tax 0 (881) 0 (6,279)
Net income 6,010 5,822 16,592 22,146
Less: net (loss) income attributable to noncontrolling interest in subsidiary (32) (38) (86) 113
Net income attributable to First Banks, Inc. 6,042 5,860 16,678 22,033
Preferred stock dividends declared 0 5,013 0 14,841
Accretion of discount on preferred stock 0 919 0 2,725
Net income (loss) available to common stockholders $ 6,042 $ (72) $ 16,678 $ 4,467
Basic earnings per common share from continuing operations (in dollars per share) $ 255.34 $ 34.19 $ 704.88 $ 454.17
Diluted earnings per common share from continuing operations (in dollars per share) $ 222.43 $ 34.19 $ 604.22 $ 454.17
Basic earnings (loss) per common share (in dollars per share) $ 255.34 $ (3.04) $ 704.88 $ 188.80
Diluted earnings (loss) per common share (in dollars per share) $ 222.43 $ (3.04) $ 604.22 $ 188.80
Weighted average shares of common stock outstanding (in shares) 23,661 23,661 23,661 23,661