BUSINESS SEGMENT RESULTS

3 Months Ended

Mar. 31, 2015

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, automated teller machine (“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. The business segment results are summarized as follows:

	First Bank			Corporate, Other and Intercompany Reclassifications				ConsolidatedTotals
(dollars in thousands)	March 31, 2015		December 31, 2014	March 31, 2015		December 31, 2014		March 31, 2015	December 31, 2014
Balance sheet information:
Investment securities	$	2,149,777	2,063,837	—		—		2,149,777	2,063,837
Total loans	3,193,397		3,149,243	—		—		3,193,397	3,149,243
FRB and FHLB stock	30,348		30,458	—		—		30,348	30,458
Total assets	5,992,340		5,882,222	54,290		53,297		6,046,630	5,935,519
Deposits	4,997,353		4,871,140	(25,264	)	(21,636	)	4,972,089	4,849,504
Securities sold under agreements to repurchase	51,032		64,875	—		—		51,032	64,875
Subordinated debentures	—		—	354,305		354,286		354,305	354,286
Stockholders’ equity	872,736		871,301	(353,365	)	(358,857	)	519,371	512,444

	First Bank				Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended				Three Months Ended				Three Months Ended
	March 31,				March 31,				March 31,
(dollars in thousands)	2015		2014		2015		2014		2015	2014
Income statement information:
Interest income	$	41,666	42,189		—		—		41,666	42,189
Interest expense	2,075		2,051		3,004		3,798		5,079	5,849
Net interest income (loss)	39,591		40,138		(3,004	)	(3,798	)	36,587	36,340
Provision for loan losses	—		—		—		—		—	—
Net interest income (loss) after provision for loan losses	39,591		40,138		(3,004	)	(3,798	)	36,587	36,340
Noninterest income	18,037		14,169		91		116		18,128	14,285
Noninterest expense	50,243		42,603		176		(245	)	50,419	42,358
Income (loss) before provision (benefit) for income taxes	7,385		11,704		(3,089	)	(3,437	)	4,296	8,267
Provision (benefit) for income taxes	2,694		4,120		(1,081	)	(1,203	)	1,613	2,917
Net income (loss)	4,691		7,584		(2,008	)	(2,234	)	2,683	5,350
Net income (loss) attributable to noncontrolling interest in subsidiary	9		(55	)	—		—		9	(55	)
Net income (loss) attributable to First Banks, Inc.	$	4,682	7,639		(2,008	)	(2,234	)	2,674	5,405