BUSINESS SEGMENT RESULTS

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT RESULTS

BUSINESSSEGMENTRESULTS

The Company’s business segment is First Bank. The reportable business segment is consistent with the management structure of the Company, First Bank and the internal reporting system that monitors performance. First Bank provides similar products and services in its defined geographic areas through its branch network. The products and services offered include a broad range of commercial and personal deposit products, including demand, savings, money market and time deposit accounts. In addition, First Bank markets combined basic services for various client groups, including packaged accounts for more affluent clients, and sweep accounts, lock-box deposits and cash management products for commercial clients. First Bank also offers consumer and commercial loans. Consumer lending includes residential real estate, home equity and installment lending. Commercial lending includes commercial, financial and agricultural loans, real estate construction and development loans, commercial real estate loans and small business lending. Other financial services include mortgage banking, debit cards, brokerage services, internet banking, remote deposit, mobile banking, ATMs, telephone banking, safe deposit boxes, and trust and private banking services. The revenues generated by First Bank and its subsidiaries consist primarily of interest income generated from the loan and investment security portfolios, service charges and fees generated from deposit products and services, and fees generated by the Company’s mortgage banking and trust and private banking business units. The Company’s products and services are offered to clients primarily within its geographic areas, which include eastern Missouri, southern Illinois, southern and northern California, and Florida’s Bradenton, Palmetto and Longboat Key communities. Certain loan products are available nationwide.

The business segment results are consistent with the Company’s internal reporting system and, in all material respects, with GAAP and practices predominant in the banking industry. Such principles and practices are summarized in Note 1 to the consolidated financial statements. The business segment results are summarized as follows:

	First Bank				Corporate, Other and Intercompany Reclassifications						Consolidated Totals
(dollars in thousands)	2014		2013	2012	2014		2013		2012		2014	2013	2012
Balance sheet information:
Investment securities	$	2,063,837	2,351,931	2,675,280	—		—		—		2,063,837	2,351,931	2,675,280
Total loans	3,149,243		2,857,095	2,930,747	—		—		—		3,149,243	2,857,095	2,930,747
FRB and FHLB stock	30,458		27,357	27,329	—		—		—		30,458	27,357	27,329
Goodwill	—		—	125,267	—		—		—		—	—	125,267
Assets of discontinued operations	—		—	6,706	—		—		—		—	—	6,706
Total assets	5,882,222		5,865,160	6,495,226	53,297		53,823		13,900		5,935,519	5,918,983	6,509,126
Deposits	4,871,140		4,815,792	5,495,624	(21,636	)	(1,897	)	(2,777	)	4,849,504	4,813,895	5,492,847
Securities sold under agreements to repurchase	64,875		43,143	26,025	—		—		—		64,875	43,143	26,025
Subordinated debentures	—		—	—	354,286		354,210		354,133		354,286	354,210	354,133
Liabilities of discontinued operations	—		—	155,711	—		—		—		—	—	155,711
Stockholders’ equity	871,301		931,561	751,252	(358,857	)	(443,305	)	(451,293	)	512,444	488,256	299,959

	First Bank							Corporate, Other and Intercompany Reclassifications						Consolidated Totals
(dollars in thousands)	2014			2013		2012		2014		2013		2012		2014		2013		2012
Income statement information:
Interest income	$	168,653		172,810		200,682		75		—		121		168,728		172,810		200,803
Interest expense	8,276			9,054		14,773		12,902		15,050		14,838		21,178		24,104		29,611
Net interest income(loss)	160,377			163,756		185,909		(12,827	)	(15,050	)	(14,717	)	147,550		148,706		171,192
(Benefit) provision for loan losses	(7,000		)	(5,000	)	2,000		—		—		—		(7,000	)	(5,000	)	2,000
Net interest income(loss) after (benefit) provision for loan losses	167,377			168,756		183,909		(12,827	)	(15,050	)	(14,717	)	154,550		153,706		169,192
Noninterest income	55,650			63,523		64,230		390		454		405		56,040		63,977		64,635
Goodwill impairment	—			107,267		—		—		—		—		—		107,267		—
Other noninterestexpense	176,171			177,307		197,654		681		910		1,510		176,852		178,217		199,164
Income (loss) from continuingoperations before provision (benefit)for income taxes	46,856			(52,295	)	50,485		(13,118	)	(15,506	)	(15,822	)	33,738		(67,801	)	34,663
Provision (benefit) forincome taxes	14,724			(249,137	)	230		(2,565	)	(39,364	)	(369	)	12,159		(288,501	)	(139	)
Net income (loss) from continuing operations, net of tax	32,132			196,842		50,255		(10,553	)	23,858		(15,453	)	21,579		220,700		34,802
Income (loss) from discontinued operations,net of tax	—			21,223		(8,821	)	—		—		—		—		21,223		(8,821	)
Net income (loss)	32,132			218,065		41,434		(10,553	)	23,858		(15,453	)	21,579		241,923		25,981
Net (loss) income attributable tononcontrolling interestin subsidiary	(76		)	179		(297	)	—		—		—		(76	)	179		(297	)
Net income (loss) attributable to First Banks, Inc.	$	32,208		217,886		41,731		(10,553	)	23,858		(15,453	)	21,655		241,744		26,278