EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER COMMON SHARE

EARNINGSPERCOMMONSHARE

The following is a reconciliation of basic and diluted earnings per share for the years ended December 31, 2014, 2013 and 2012:

	Years Ended December 31,
(dollars in thousands, except share and per share data)	2014		2013		2012
Basic:
Net income from continuing operations attributable to First Banks, Inc.	$	21,655	220,521		35,099
Preferred stock dividends declared	—		(15,869	)	(18,886	)
Accretion of discount on preferred stock	—		(3,643	)	(3,554	)
Net income from continuing operations attributable to common stockholders	21,655		201,009		12,659
Net income (loss) from discontinued operations attributable to common stockholders	—		21,223		(8,821	)
Net income available to First Banks, Inc. common stockholders	$	21,655	222,232		3,838
Weighted average shares of common stock outstanding	23,661		23,661		23,661
Basic earnings per common share – continuing operations	$	915.24	8,495.35		535.03
Basic earnings (loss) per common share – discontinued operations	$	—	896.96		(372.81	)
Basic earnings per common share	$	915.24	9,392.31		162.22
Diluted:
Net income from continuing operations attributable to common stockholders	$	21,655	201,009		12,659
Net income (loss) from discontinued operations attributable to common stockholders	—		21,223		(8,821	)
Net income available to First Banks, Inc. common stockholders	21,655		222,232		3,838
Effect of dilutive securities – Class A convertible preferred stock	—		—		—
Diluted income available to First Banks, Inc. common stockholders	$	21,655	222,232		3,838
Weighted average shares of common stock outstanding	23,661		23,661		23,661
Effect of dilutive securities – Class A convertible preferred stock	3,807		—		—
Weighted average diluted shares of common stock outstanding	27,468		23,661		23,661
Diluted earnings per common share – continuing operations	$	788.38	8,495.35		535.03
Diluted earnings (loss) per common share – discontinued operations	$	—	896.96		(372.81	)
Diluted earnings per common share	$	788.38	9,392.31		162.22