BUSINESS SEGMENT RESULTS

6 Months Ended

Jun. 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 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)	June 30, 2015		December 31, 2014	June 30, 2015		December 31, 2014		June 30, 2015	December 31, 2014
Balance sheet information:
Investment securities	$	2,088,703	2,063,837	—		—		2,088,703	2,063,837
Total loans	3,344,907		3,149,243	—		—		3,344,907	3,149,243
FRB and FHLB stock	30,390		30,458	—		—		30,390	30,458
Total assets	6,047,605		5,847,778	49,113		47,013		6,096,718	5,894,791
Deposits	5,078,758		4,871,140	(22,233	)	(21,636	)	5,056,525	4,849,504
Securities sold under agreements to repurchase	45,616		64,875	—		—		45,616	64,875
Subordinated debentures	—		—	354,324		354,286		354,324	354,286
Stockholders’ equity	883,317		871,301	(355,393	)	(358,857	)	527,924	512,444

	First Bank				Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Three Months Ended				Three Months Ended				Three Months Ended
	June 30,				June 30,				June 30,
(dollars in thousands)	2015			2014	2015		2014		2015		2014
Income statement information:
Interest income	$	45,984		42,557	—		30		45,984		42,587
Interest expense	2,186			2,041	3,043		3,022		5,229		5,063
Net interest income (loss)	43,798			40,516	(3,043	)	(2,992	)	40,755		37,524
(Benefit) provision for loan losses	(7,500		)	—	—		—		(7,500	)	—
Net interest income (loss) after (benefit) provision for loan losses	51,298			40,516	(3,043	)	(2,992	)	48,255		37,524
Noninterest income	22,450			13,747	91		90		22,541		13,837
Noninterest expense	56,343			43,230	167		(19	)	56,510		43,211
Income (loss) before provision (benefit) for income taxes	17,405			11,033	(3,119	)	(2,883	)	14,286		8,150
Provision (benefit) for income taxes	2,647			1,901	(1,091	)	1,017		1,556		2,918
Net income (loss)	14,758			9,132	(2,028	)	(3,900	)	12,730		5,232
Net income attributable to noncontrolling interest in subsidiary	18			1	—		—		18		1
Net income (loss) attributable to First Banks, Inc.	$	14,740		9,131	(2,028	)	(3,900	)	12,712		5,231

	First Bank					Corporate, Other and Intercompany Reclassifications				Consolidated Totals
	Six Months Ended					Six Months Ended				Six Months Ended
	June 30,					June 30,				June 30,
(dollars in thousands)	2015			2014		2015		2014		2015		2014
Income statement information:
Interest income	$	87,650		84,746		—		30		87,650		84,776
Interest expense	4,261			4,092		6,047		6,820		10,308		10,912
Net interest income (loss)	83,389			80,654		(6,047	)	(6,790	)	77,342		73,864
(Benefit) provision for loan losses	(7,500		)	—		—		—		(7,500	)	—
Net interest income (loss) after (benefit) provision for loan losses	90,889			80,654		(6,047	)	(6,790	)	84,842		73,864
Noninterest income	40,487			27,916		182		206		40,669		28,122
Noninterest expense	106,586			85,833		343		(264	)	106,929		85,569
Income (loss) before provision (benefit) for income taxes	24,790			22,737		(6,208	)	(6,320	)	18,582		16,417
Provision (benefit) for income taxes	5,341			6,021		(2,172	)	(186	)	3,169		5,835
Net income (loss)	19,449			16,716		(4,036	)	(6,134	)	15,413		10,582
Net income (loss) attributable to noncontrolling interest in subsidiary	27			(54	)	—		—		27		(54	)
Net income (loss) attributable to First Banks, Inc.	$	19,422		16,770		(4,036	)	(6,134	)	15,386		10,636