BUSINESS SEGMENT RESULTS

9 Months Ended

Sep. 30, 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 currently offered to clients primarily within its geographic areas, which currently include eastern Missouri, southern Illinois, and southern and northern California, and previously included Florida’s Bradenton, Palmetto and Longboat Key communities prior to the sale of the Florida branch banking offices in September 2015. 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)	September 30, 2015		December 31, 2014	September 30, 2015		December 31, 2014		September 30, 2015	December 31, 2014
Balance sheet information:
Investment securities	$	1,925,134	2,063,837	—		—		1,925,134	2,063,837
Total loans	3,435,555		3,149,243	—		—		3,435,555	3,149,243
FRB and FHLB stock	30,707		30,458	—		—		30,707	30,458
Total assets	5,881,902		5,847,778	50,395		47,013		5,932,297	5,894,791
Deposits	4,931,182		4,871,140	(33,142	)	(21,636	)	4,898,040	4,849,504
Securities sold under agreements to repurchase	31,672		64,875	—		—		31,672	64,875
Subordinated debentures	—		—	354,343		354,286		354,343	354,286
Stockholders’ equity	876,009		871,301	(343,370	)	(358,857	)	532,639	512,444

	First Bank				Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended				Three Months Ended				Three Months Ended
	September 30,				September 30,				September 30,
(dollars in thousands)	2015		2014		2015		2014		2015	2014
Income statement information:
Interest income	$	45,447	41,945		—		—		45,447	41,945
Interest expense	2,434		2,056		3,075		3,042		5,509	5,098
Net interest income (loss)	43,013		39,889		(3,075	)	(3,042	)	39,938	36,847
(Benefit) provision for loan losses	—		(5,000	)	—		—		—	(5,000	)
Net interest income (loss) after (benefit) provision for loan losses	43,013		44,889		(3,075	)	(3,042	)	39,938	41,847
Noninterest income	17,552		13,579		93		92		17,645	13,671
Noninterest expense	46,242		46,148		61		148		46,303	46,296
Income (loss) before provision (benefit) for income taxes	14,323		12,320		(3,043	)	(3,098	)	11,280	9,222
Provision (benefit) for income taxes	5,506		4,296		(1,066	)	(1,084	)	4,440	3,212
Net income (loss)	8,817		8,024		(1,977	)	(2,014	)	6,840	6,010
Net income (loss) attributable to noncontrolling interest in subsidiary	10		(32	)	—		—		10	(32	)
Net income (loss) attributable to First Banks, Inc.	$	8,807	8,056		(1,977	)	(2,014	)	6,830	6,042

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Nine Months Ended					Nine Months Ended				Nine Months Ended
	September 30,					September 30,				September 30,
(dollars in thousands)	2015			2014		2015		2014		2015		2014
Income statement information:
Interest income	$	133,097		126,691		—		30		133,097		126,721
Interest expense	6,695			6,148		9,122		9,862		15,817		16,010
Net interest income (loss)	126,402			120,543		(9,122	)	(9,832	)	117,280		110,711
(Benefit) provision for loan losses	(7,500		)	(5,000	)	—		—		(7,500	)	(5,000	)
Net interest income (loss) after (benefit) provision for loan losses	133,902			125,543		(9,122	)	(9,832	)	124,780		115,711
Noninterest income	58,039			41,495		275		298		58,314		41,793
Noninterest expense	152,828			131,981		404		(116	)	153,232		131,865
Income (loss) before provision (benefit) for income taxes	39,113			35,057		(9,251	)	(9,418	)	29,862		25,639
Provision (benefit) for income taxes	10,847			10,317		(3,238	)	(1,270	)	7,609		9,047
Net income (loss)	28,266			24,740		(6,013	)	(8,148	)	22,253		16,592
Net income (loss) attributable to noncontrolling interest in subsidiary	37			(86	)	—		—		37		(86	)
Net income (loss) attributable to First Banks, Inc.	$	28,229		24,826		(6,013	)	(8,148	)	22,216		16,678