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| T | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

| £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| MISSOURI                                                       | 43-1175538                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
|                                                           |                                 |

| 135 North Meramec, Clayton, Missouri     | 63105      |
|------------------------------------------|------------|
| (Address of principal executive offices) | (Zip code) |

| Title of each class                                                              | Name of each exchange on which registered |
|----------------------------------------------------------------------------------|-------------------------------------------|
| 8.15% Cumulative Trust Preferred Securities                                      |                                      |
| (issued by First Preferred Capital Trust IV and guaranteed by First Banks, Inc.) | New York Stock Exchange                   |

| Large accelerated filer £                                        | Accelerated filer £         |
|-----------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer T (Do not check if a smaller reporting company) | Smaller reporting company £ |

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FIRST

|       |   |                                                                                                                        | Page   |
|------------|--------|-----------------------------------------------------------------------------------------------------------------------------|--------|
|       |   |                                                                                                                        |   |   |
| Part I     |
| Item 1.    |   | Business                                                                                                                    | 1      |   |
| Item 1A.   |   | Risk Factors                                                                                                                | 20     |   |
| Item 1B.   |   | Unresolved Staff Comments                                                                                                   | 27     |   |
| Item 2.    |   | Properties                                                                                                                  | 27     |   |
| Item 3.    |   | Legal Proceedings                                                                                                           | 28     |   |
| Item 4.    |   | (Reserved)                                                                                                                  | 28     |   |
|       |   |                                                                                                                        |   |   |
| Part II    |
| Item 5.    |   | Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 28     |   |
| Item 6.    |   | Selected Financial Data                                                                                                     | 29     |   |
| Item 7.    |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                 | 30     |   |
| Item 7A.   |   | Quantitative and Qualitative Disclosures About Market Risk                                                                  | 77     |   |
| Item 8.    |   | Financial Statements and Supplementary Data                                                                                 | 77     |   |
| Item 9.    |   | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                                        | 77     |   |
| Item 9A.   |   | Controls and Procedures                                                                                                     | 78     |   |
| Item 9B.   |   | Other Information                                                                                                           | 78     |   |
|       |   |                                                                                                                        |   |   |
| Part III   |
| Item 10.   |   | Directors, Executive Officers and Corporate Governance                                                                      | 79     |   |
| Item 11.   |   | Executive Compensation                                                                                                      | 83     |   |
| Item 12.   |   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                              | 89     |   |
| Item 13.   |   | Certain Relationships and Related Transactions, and Director Independence                                                   | 90     |   |
| Item 14.   |   | Principal Accounting Fees and Services                                                                                      | 91     |   |
|       |   |                                                                                                                        |   |   |
| Part IV    |
| Item 15.   |   | Exhibits, Financial Statement Schedules                                                                                     | 91     |   |
|       |   |                                                                                                                        |   |   |
| Signatures | 158    |                                                                                                                        |

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Table of Contents

|   | Ø | Our ability to raise sufficient capital, absent the successful completion of all or a significant portion of our Capital Plan, as further discussed under “Item 1. Business 3⁄4Recent Developments – Capital Plan;” |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Our ability to maintain capital at levels necessary or desirable to support our operations; |
|--------|--------|---------------------------------------------------------------------------------------------|

|   | Ø | The risks associated with implementing our business strategy, including our ability to preserve and access sufficient capital to continue to execute our strategy; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Regulatory actions that impact First Banks, Inc. and First Bank, including the regulatory agreements entered into among First Banks, Inc., First Bank, the Federal Reserve Bank of St. Louis and the State of Missouri Division of Finance, as further discussed under “Item 1. Business 3⁄4Supervision and Regulation – Regulatory Agreements;” |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Our ability to comply with the terms of an agreement with our regulators pursuant to which we have agreed to take certain corrective actions to improve our financial condition and results of operations; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The effects of and changes in trade and monetary and fiscal policies and laws, including, but not limited to, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board of Governors and the U.S. Treasury’s Capital Purchase Program and Troubled Asset Relief Program authorized by the Emergency Economic Stabilization Act of 2008; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The risks associated with the high concentration of commercial real estate loans in our loan portfolio; |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | Ø | The decline in commercial and residential real estate sales volume and the likely potential for continuing lack of liquidity in the real estate markets; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The uncertainties in estimating the fair value of developed real estate and undeveloped land in light of declining demand for such assets and continuing lack of liquidity in the real estate markets; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Negative developments and disruptions in the credit and lending markets, including the impact of the ongoing credit crisis on our business and on the businesses of our customers as well as other banks and lending institutions with which we have commercial relationships; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sufficiency of our allowance for loan losses to absorb the amount of actual losses inherent in our existing loan portfolio; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The accuracy of assumptions underlying the establishment of our allowance for loan losses and the estimation of values of collateral or cash flow projections and the potential resulting impact on the carrying value of various financial assets and liabilities; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Credit risks and risks from concentrations (by geographic area and by industry) within our loan portfolio including certain large individual loans; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Possible changes in the creditworthiness of customers and the possible impairment of collectability of loans; |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

|   | Ø | Liquidity risks; |
|--------|--------|------------------|

|   | Ø | Inaccessibility of funding sources on the same or similar terms on which we have historically relied if we are unable to maintain sufficient capital ratios; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The ability to successfully acquire low cost deposits or alternative funding; |
|--------|--------|-------------------------------------------------------------------------------|

|   | Ø | The effects of increased Federal Deposit Insurance Corporation deposit insurance assessments; |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | Ø | Changes in consumer spending, borrowings and savings habits; |
|--------|--------|--------------------------------------------------------------|

|   | Ø | The ability of First Bank to pay dividends to its parent holding company; |
|--------|--------|---------------------------------------------------------------------------|

|   | Ø | Our ability to pay cash dividends on our preferred stock and interest on our junior subordinated debentures; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | Ø | Rising unemployment and its impact on our customers’ savings rates and their ability to service debt obligations; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Possible changes in interest rates may increase our funding costs and reduce earning asset yields, thus reducing our margins; |
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Table of Contents

|   | Ø | The impact of possible future goodwill and other material impairment charges; |
|--------|--------|-------------------------------------------------------------------------------|

|   | Ø | The ability to attract and retain senior management experienced in the banking and financial services industry; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | Ø | Changes in the economic environment, competition, or other factors that may influence loan demand, deposit flows, the quality of our loan portfolio and loan and deposit pricing; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The impact on our financial condition of unknown and/or unforeseen liabilities arising from legal or administrative proceedings; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The threat of future terrorist activities, existing and potential wars and/or military actions related thereto, and domestic responses to terrorism or threats of terrorism; |
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|   | Ø | Possible changes in general economic and business conditions in the United States in general and particularly in the communities and market segments we serve; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Volatility and disruption in national and international financial markets; |
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|   | Ø | Government intervention in the U.S. financial system; |
|--------|--------|-------------------------------------------------------|

|   | Ø | The impact of laws and regulations applicable to us and changes therein; |
|--------|--------|--------------------------------------------------------------------------|

|   | Ø | The impact of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board, and other accounting standard setters; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The impact of litigation generally and specifically arising out of our efforts to collect outstanding customer loans; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------|

|   | Ø | Competitive conditions in the markets in which we conduct our operations, including competition from banking and non-banking companies with substantially greater resources than us, some of which may offer and develop products and services not offered by us; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Our ability to control the composition of our loan portfolio without adversely affecting interest income; |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

|   | Ø | The geographic dispersion of our offices; |
|--------|--------|-------------------------------------------|

|   | Ø | The impact our hedging activities may have on our operating results; |
|--------|--------|----------------------------------------------------------------------|

|   | Ø | The highly regulated environment in which we operate; and |
|--------|--------|-----------------------------------------------------------|

|   | Ø | Our ability to respond to changes in technology or an interruption or breach in security of our information systems. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

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Table of Contents

 1. 

|   | Ø | First Bank Business Capital, Inc., or FBBC; |
|--------|--------|---------------------------------------------|

|   | Ø | FB Holdings, LLC, or FB Holdings; |
|--------|--------|-----------------------------------|

|   | Ø | Small Business Loan Source LLC, or SBLS LLC; |
|--------|--------|----------------------------------------------|

|   | Ø | ILSIS, Inc.; |
|--------|--------|--------------|

|   | Ø | FBIN, Inc.; |
|--------|--------|-------------|

|   | Ø | SBRHC, Inc.; |
|--------|--------|--------------|

|   | Ø | HVIIHC, Inc.; |
|--------|--------|---------------|

|   | Ø | FBSA Missouri, Inc.; |
|--------|--------|----------------------|

|   | Ø | FBSA California, Inc.; |
|--------|--------|------------------------|

|   | Ø | NT Resolution Corporation; and |
|--------|--------|--------------------------------|

|   | Ø | LC Resolution Corporation. |
|--------|--------|----------------------------|

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|   | Ø | The sale of certain assets and the transfer of certain liabilities of our branch banking office located in Edwardsville, Illinois, or the Edwardsville Branch, to National Bank, under a Branch Purchase and Assumption Agreement dated January 28, 2011. Under the terms of the agreement, National Bank is to assume approximately $13.7 million of deposits associated with our Edwardsville Branch, including certain commercial deposit relationships, for a premium of $130,000. National Bank is also expected to purchase approximately $794,000 of loans associated with our Edwardsville Branch at a premium of 0.5%, or approximately $4,000, and premises and equipment associated with our Edwardsville Branch at a premium of approximately $600,000. The transaction, which is subject to regulatory approvals and certain closing conditions, is expected to be completed during the second quarter of 2011. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our three retail branches in Pittsfield, Roodhouse and Winchester, Illinois to United Community Bank, or United Community, under a Branch Purchase and Assumption Agreement dated December 21, 2010. Under the terms of the agreement, United Community is to assume approximately $94.1 million of deposits associated with these branches, including certain commercial deposit relationships, for a weighted average premium of approximately 2.4%. United Community is also expected to purchase approximately $40.3 million of loans as well as certain other assets at par value, including premises and equipment, associated with these branches. The transaction, which is subject to regulatory approvals and certain closing conditions, is expected to be completed during the second quarter of 2011. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our branch banking office located in San Jose, California, or the San Jose Branch, to City National Bank, or City National, under a Branch Purchase and Assumption Agreement dated November 9, 2010. Under the terms of the agreement, City National assumed $8.4 million of deposits associated with our San Jose Branch, including certain commercial deposit relationships, for a premium of 5.85%, or $371,000. City National also purchased certain other assets at par value, including premises and equipment, associated with our San Jose Branch. We completed the transaction on February 11, 2011 which resulted in a loss of $334,000 during the first quarter of 2011, as further described in Note 25 to our consolidated financial statements. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | The sale of certain assets and the transfer of certain liabilities of our branch banking office located in Jacksonville, Illinois, or the Jacksonville Branch, to Bank of Springfield, under a Branch Purchase and Assumption Agreement dated June 7, 2010. We completed the transaction with Bank of Springfield on September 24, 2010. Under the terms of the agreement, Bank of Springfield assumed $28.9 million of deposits associated with our Jacksonville Branch, including certain commercial deposit relationships, for a premium of 4.00%. Bank of Springfield also purchased $2.2 million of loans as well as certain other assets at par value, including premises and equipment, associated with our Jacksonville Branch. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of 10 of our retail branches in Peoria, Galesburg, Quincy, Bartonville, Knoxville and Bloomington, Illinois to First Mid-Illinois Bank & Trust, N.A., or First Mid-Illinois, under a Branch Purchase and Assumption Agreement dated May 7, 2010. We completed the transaction with First Mid-Illinois on September 10, 2010. Under the terms of the agreement, First Mid-Illinois assumed $336.0 million of deposits associated with these branches, including certain commercial deposit relationships, for a premium of 4.77%. First Mid-Illinois also purchased $135.2 million of loans as well as certain other assets at par value, including premises and equipment, associated with these branches. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our Texas franchise, or Texas Region, to Prosperity Bank, or Prosperity, under a Purchase and Assumption Agreement dated February 8, 2010. We completed the transaction with Prosperity on April 30, 2010. Under the terms of the agreement, Prosperity assumed $492.2 million of deposits associated with our 19 Texas retail branches, including certain commercial deposit relationships, for a premium of 5.5%, or $26.9 million. Prosperity also purchased $96.7 million of loans as well as certain other assets at par value, including premises and equipment, associated with our Texas Region. We recognized a gain on sale related to this transaction of $5.0 million during the second quarter of 2010 after the write-off of goodwill and intangible assets allocated to the Texas Region of $20.0 million. In addition, this transaction reduced our risk-weighted assets by $116.3 million. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of Missouri Valley Partners, Inc., or MVP, to Stifel Financial Corp., or Stifel, under a Stock Purchase Letter Agreement dated March 5, 2010. Under the terms of the agreement, Stifel purchased all of the capital stock of MVP for a purchase price of $515,000. We completed the sale of MVP on April 15, 2010 and recorded a loss of $156,000 during the second quarter of 2010. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our Chicago franchise, or Chicago Region, to FirstMerit Bank, N.A., or FirstMerit, under a Purchase and Assumption Agreement, dated November 11, 2009. We completed the transaction with FirstMerit on February 19, 2010. Under the terms of the agreement, FirstMerit assumed substantially all of the deposits associated with our 24 Chicago retail branches, including certain commercial deposit relationships, which totaled $1.20 billion, for a premium of 3.50%, or $42.1 million. FirstMerit also purchased $301.2 million in loans as well as certain other assets at par value, including premises and equipment, associated with our Chicago Region. We recognized a gain on sale related to this transaction of $8.4 million during the first quarter of 2010 after the write-off of goodwill and intangible assets allocated to the Chicago Region of $26.3 million. In addition, this transaction reduced our risk-weighted assets by $342.6 million. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our branch banking office located in Lawrenceville, Illinois, or the Lawrenceville Branch, to The Peoples State Bank of Newton, or Peoples, under a Branch Purchase and Assumption Agreement dated August 27, 2009. Under the terms of the agreement, Peoples assumed $23.7 million of deposits for a premium of 5.0% as well as certain other liabilities, and purchased $13.5 million of loans as well as certain other assets, including premises and equipment, at par value. We completed this transaction on January 22, 2010 and recorded a gain of $168,000 during the first quarter of 2010 after the write-off of goodwill allocated to the sale of $1.0 million. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | The sale of $141.3 million of loans associated with our premium financing subsidiary, WIUS, Inc., and its wholly owned subsidiary, WIUS of California, Inc., collectively WIUS (formerly Universal Premium Acceptance Corporation and UPAC of California, Inc., respectively, or collectively, UPAC), to PFS Holding Company, Inc., Premium Financing Specialists, Inc., Premium Financing Specialists of California, Inc. and Premium Financing Specialists of the South, Inc., under a Purchase and Sale Agreement, dated December 3, 2009. We completed the sale on December 31, 2009. We recognized a loss on sale of $13.1 million during the fourth quarter of 2009 after the write-off of goodwill and intangible assets allocated to the sale of $20.0 million. This transaction reduced our risk-weighted assets by $146.7 million. On August 31, 2010, First Bank sold all of the capital stock of WIUS to an unrelated third party for a purchase price of $100,000, which resulted in a loss on sale of $29,000. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of $64.4 million of restaurant franchise loans during the fourth quarter of 2009 to another financial institution at a small discount. We completed the sale of these loans on December 30, 2009 which resulted in a loss of $1.1 million during the fourth quarter of 2009. In addition, this transaction reduced our risk-weighted assets by $64.4 million. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain asset-based lending loans to FirstMerit in conjunction with the Chicago Region transaction. On November 11, 2009, FBBC, First Bank’s wholly owned asset based lending subsidiary, entered into a Loan Purchase Agreement that provided for the sale of certain loans to FirstMerit. Under the terms of the agreement, FirstMerit purchased $101.5 million of loans at a discount of 8.5%. In conjunction with this transaction, which we completed on December 16, 2009, we recorded a loss on the sale of loans of $6.1 million during the fourth quarter of 2009 and reduced our risk-weighted assets by $119.3 million. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of certain assets and the transfer of certain liabilities of our branch banking office located in Springfield, Illinois, or the Springfield Branch, to First Bankers Trust Company, National Association, a subsidiary of First Bankers Trustshares, Inc., or First Bankers, under a Branch Purchase and Assumption Agreement dated August 31, 2009. Under the terms of the agreement, First Bankers assumed $20.1 million of deposits for a premium of 5.01% as well as certain other liabilities, and purchased $887,000 of loans as well as certain other assets, including premises and equipment, at par value. We completed the transaction on November 19, 2009 and recorded a gain of $309,000 during the fourth quarter of 2009 after the write-off of goodwill allocated to the sale of $1.0 million. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of Adrian N. Baker & Company, or ANB, to AHM Corporation Holdings, Inc., or AHM, under a Stock Purchase Agreement, dated September 18, 2009. Under the terms of the agreement, AHM purchased all of the capital stock of ANB for a purchase price of $14.3 million. We completed the sale of ANB on September 30, 2009 which resulted in a gain of $120,000 during 2009 after the write-off of goodwill and intangible assets allocated to ANB of $13.0 million. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The reduction of our net risk-weighted assets to $4.85 billion at December 31, 2010, representing decreases of $2.72 billion from $7.56 billion at December 31, 2009, $4.64 billion from $9.48 billion at December 31, 2008 and $5.40 billion from $10.25 billion at December 31, 2007. The decline in our net risk-weighted assets primarily resulted from our planned divestures and a shift in the mix of our assets during these periods, particularly reduced loan balances and increased investment securities balances, as further described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations —Financial Condition and Average Balances.” |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|                                     |   | Gain                                            |    |   | Decrease in |   |    | Decrease in |   |   | Total Risk-Based |   |
|------------------------------------------|--------|-------------------------------------------------|---------|--------|------------------|--------|---------|------------------|--------|--------|-----------------------|--------|
|                                     |   | (Loss) on                                  |    |   | Intangible       |   |    | Risk-Weighted    |   |   | Capital               |   |
|                                     |   | Sale                                            |    |   | Assets           |   |    | Assets           |   |   | Benefit (1)      |   |
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                                            |    |   |             |   |    |             |   |   |                  |   |
| Partial Sale of Northern Illinois Region |   | $                                               | 6,355   |   |             |   | 9,683   |             |   |   | 141,800               |   |   |   | 28,500 |   |
| Sale of Texas Region                     |   |                                            | 4,984   |   |             |   | 19,962  |             |   |   | 116,300               |   |   |   | 35,100 |   |
| Sale of MVP                              |   |                                            | (156    | )      |             |   | — |             |   |   | 800                   |   |   |   | (100 | ) |
| Sale of Chicago Region                   |   |                                            | 8,414   |   |             |   | 26,273  |             |   |   | 342,600               |   |   |   | 64,700 |   |
| Sale of Lawrenceville Branch             |   |                                            | 168     |   |             |   | 1,000   |             |   |   | 11,400                |   |   |   | 2,200 |   |
| Reduction in Other Risk-Weighted Assets  |   |                                            | — |   |             |   | — |             |   |   | 2,111,400             |   |   |   | 184,700 |   |
| Total 2010 Capital Initiatives           |   | $                                               | 19,765  |   |             |   | 56,918  |             |   |   | 2,724,300             |   |   |   | 315,100 |   |
|                                     |   |                                            |    |   |             |   |    |             |   |   |                  |   |   |   |   |   |
| Sale of WIUS loans                       |   | $                                               | (13,077 | )      |             |   | 19,982  |             |   |   | 146,700               |   |   |   | 19,700 |   |
| Sale of restaurant franchise loans       |   |                                            | (1,149  | )      |             |   | — |             |   |   | 64,400                |   |   |   | 4,500 |   |
| Sale of asset-based lending loans        |   |                                            | (6,147  | )      |             |   | — |             |   |   | 119,300               |   |   |   | 4,300 |   |
| Sale of Springfield Branch               |   |                                            | 309     |   |             |   | 1,000   |             |   |   | 900                   |   |   |   | 1,400 |   |
| Sale of ANB                              |   |                                            | 120     |   |             |   | 13,013  |             |   |   | 1,300                 |   |   |   | 13,200 |   |
| Reduction in Other Risk-Weighted Assets  |   |                                            | — |   |             |   | — |             |   |   | 1,580,400             |   |   |   | 138,300 |   |
| Total 2009 Capital Initiatives           |   | $                                               | (19,944 | )      |             |   | 33,995  |             |   |   | 1,913,000             |   |   |   | 181,400 |   |
|                                     |   |                                            |    |   |             |   |    |             |   |   |                  |   |   |   |   |   |
| Total Completed Capital Initiatives      |   | $                                               | (179    | )      |             |   | 90,913  |             |   |   | 4,637,300             |   |   |   | 496,500 |   |

|   | (1) | Calculated as the sum of the gain (loss) on sale plus the reduction in intangible assets plus 8.75% of the reduction in risk-weighted assets. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Reduction of our concentration in real estate lending and further diversification of our loan portfolio from real estate lending to commercial and industrial lending; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Reduction in the overall level of our nonperforming assets and potential problem loans; |
|--------|--------|-----------------------------------------------------------------------------------------|

|   | Ø | Reduction of our unfunded loan commitments with an original maturity greater than one year; |
|--------|--------|---------------------------------------------------------------------------------------------|

|   | Ø | Sale, merger or closure of individual branches or selected branch groupings; |
|--------|--------|------------------------------------------------------------------------------|

|   | Ø | Sale and/or aggressive reduction of the retained assets and liabilities associated with our Chicago, Texas and Northern Illinois Regions; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Exploration of possible capital planning strategies to increase the overall level of Tier 1 risk-based capital at our holding company permitted by the successful consent solicitation. |
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|   | Ø | Accelerating the reduction of special mention, substandard and nonaccrual loans and other real estate to reduce future provisions for loan losses, increase our net interest margin and reduce noninterest expenses associated with these assets; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Developing new loan growth strategies within our commercial and industrial, owner-occupied commercial real estate and residential mortgage segments; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Re-pricing certain segments of our loan portfolio upward for market risk, including the implementation of interest rate floors on both commercial and consumer loans; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Re-pricing our deposits to current market interest rates while maintaining appropriate deposit portfolio diversification; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Utilizing low-yielding short-term investments to complete our pending divestitures, as previously discussed in the Capital Plan section above, and increase our investment securities portfolio; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Pursuing opportunities to generate noninterest income through sales of other real estate properties, branch offices and other assets; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Increasing the volume of loans sold in the secondary market in our mortgage division; |
|--------|--------|---------------------------------------------------------------------------------------|

|   | Ø | Evaluating opportunities to reduce noninterest expenses as a result of our smaller asset base and lower deposit volumes; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Continuing to reduce certain controllable expense categories such as marketing and business development, travel and entertainment and data processing fees; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Evaluating opportunities to minimize expenses related to the high level of nonperforming assets, including legal fees related to foreclosure matters and other real estate expenses related to property preservation, taxes, insurance and other items. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Maintaining and continuing to generate core deposits, including non-interest bearing demand, interest-checking, money market and savings deposits; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Diversifying our loan portfolio, as previously discussed, including strategies surrounding potential sales or aggressive reductions of our retained Chicago, Texas and Northern Illinois loan portfolios; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Increasing our investment securities portfolio and maintaining appropriate levels of unpledged investment securities; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Continuing to maximize potential borrowing relationships with the FHLB and FRB in the event further utilization of these additional alternative funding sources become necessary in the future. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Developing written action plans for all credit relationships over $3.0 million with approval by the Regional President and Regional Credit Officer; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Actively pursuing troubled debt restructurings to position credits to return to performing status with sustained operating performance; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Eliminating or significantly reducing the potential exposure to our largest nonperforming credit relationships; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | Ø | Pursuing opportunities to generate significant recoveries on previously charged-off loans; |
|--------|--------|--------------------------------------------------------------------------------------------|

|   | Ø | Modifying one-to-four family residential real estate loans under the Home Affordable Modification Program, or HAMP, where deemed economically advantageous to our borrowers and us; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Assessing our commercial real estate portfolio for early risk recognition and identification of potential areas for deteriorating commercial real estate loans, with increased emphasis on non-owner occupied loans; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Transferring certain nonperforming and potential problem credits to our special asset groups for further review, evaluation and development of appropriate strategies for exiting these relationships or significantly reducing our potential exposure; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Further developing additional reporting mechanisms regarding asset quality related matters to assist management in further evaluating and assessing ongoing performance measurements and trends. |
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| Geographic Area                                 |   | Total Deposits(in millions) |    |   | Deposits as aPercentage of TotalDeposits |   |    | Number ofLocations |   |
|------------------------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------------------------------------|--------|---------|-------------------------|--------|
|                                                 |   |                                  |    |   |                                                         |   |    |                    |   |
| Southern California                                  |   | $                                     | 2,030.5 |   |                                                         |   | 30.9    | %                       |   |   | 41 |   |
| St. Louis, Missouri metropolitan area                |   |                                  | 1,406.7 |   |                                                         |   | 21.4    |                    |   |   | 34 |   |
| Northern California (1)                              |   |                                  | 1,309.2 |   |                                                         |   | 19.9    |                    |   |   | 21 |   |
| Southern Illinois (2)                                |   |                                  | 887.6   |   |                                                         |   | 13.5    |                    |   |   | 23 |   |
| Florida                                              |   |                                  | 430.0   |   |                                                         |   | 6.5     |                    |   |   | 19 |   |
| Missouri (excluding the St. Louis metropolitan area) |   |                                  | 414.5   |   |                                                         |   | 6.3     |                    |   |   | 12 |   |
| Northern Illinois (3)                                |   |                                  | 94.3    |   |                                                         |   | 1.5     |                    |   |   | 3 |   |
| Other                                                |   |                                  | 3.1     |   |                                                         |   | — |                    |   |   | 1 |   |
| Total Deposits                                       |   | $                                     | 6,575.9 |   |                                                         |   | 100.0   | %                       |   |   | 154 |   |

| (1) | Includes deposits of approximately $9.7 million associated with the announced sale of our San Jose Branch, which was completed on February 11, 2011. See Note 2 and Note 25 to our consolidated financial statements for further discussion of assets and liabilities held for sale. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes deposits of approximately $13.7 million associated with the announced sale of our Edwardsville Branch, which is expected to be completed in the second quarter of 2011. See Note 2 and Note 25 to our consolidated financial statements for further discussion of assets and liabilities held for sale. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes deposits of approximately $94.1 million associated with the announced sale of three of our Northern Illinois Branches, which is expected to be completed in the second quarter of 2011. See Note 2 to our consolidated financial statements for further discussion of discontinued operations. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Acquiring, directly or indirectly, ownership or control of any voting shares of another bank or bank holding company if, after such acquisition, it would own or control more than 5% of such shares (unless it already owns or controls a majority of such shares); |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Acquiring all or substantially all of the assets of another bank or bank holding company; or |
|--------|--------|----------------------------------------------------------------------------------------------|

|   | Ø | Merging or consolidating with another bank holding company. |
|--------|--------|-------------------------------------------------------------|

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|   | Ø | A minimum ratio of common equity to risk-weighted assets reaching 4.5%, plus an additional 2.5% as a capital conservation buffer, by 2019 after a phase-in period; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A minimum ratio of Tier 1 capital to risk-weighted assets reaching 6.0% by 2019 after a phase-in period; |
|--------|--------|----------------------------------------------------------------------------------------------------------|

|   | Ø | A minimum ratio of total capital to risk-weighted assets, plus the additional 2.5% capital conservation buffer, reaching 10.5% by 2019 after a phase-in period; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An additional countercyclical capital buffer to be imposed by applicable national banking regulators periodically at their discretion, with advance notice; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Restrictions on capital distributions and discretionary bonuses applicable when capital ratios fall within the buffer zone; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Deduction from common equity of deferred tax assets that depend on future profitability to be realized; |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | Ø | Increased capital requirements for counterparty credit risk relating to over-the-counter derivatives, repurchase agreements and securities financing activities; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | For capital instruments issued on or after January 13, 2013 (other than common equity), a loss-absorbency requirement such that the instrument must be written off or converted to common equity if a trigger event occurs, either pursuant to applicable law or at the direction of the banking regulator. A trigger event is an event under which the banking entity would become nonviable without the write-off or conversion, or without an injection of capital from the public sector. The issuer must maintain authorization to issue the requisite shares of common equity if conversion were required. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | “Well capitalized” if it has a total risk-based capital ratio of 10% or greater, a Tier I capital ratio of 6% or greater and a Leverage Ratio of 5% or greater and is not subject to any order or written directive by any such regulatory authority to meet and maintain a specific capital level for any capital measure; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | “Adequately capitalized” if it has a total risk-based capital ratio of 8% or greater, a Tier I capital ratio of 4% or greater and a Leverage Ratio of 4% or greater (3% in certain circumstances); |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | “Undercapitalized” if it has a total risk-based capital ratio of less than 8%, a Tier I capital ratio of less than 4% or a Leverage Ratio of less than 4% (3% in certain circumstances); |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | “Significantly undercapitalized” if it has a total risk-based capital ratio of less than 6%, a Tier I capital ratio of less than 3% or a Leverage Ratio of less than 3%; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | “Critically undercapitalized” if its tangible equity is equal to or less than 2% of its average quarterly tangible assets. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Directs the Federal Reserve to issue rules which are expected to limit debit-card interchange fees; |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | Ø | After a three-year phase-in period which begins January 1, 2013, removes trust preferred securities as a permitted component of a holding company’s Tier 1 capital for holding companies with more than $15 billion of assets, and restricts new issuances of trust preferred securities from being included as Tier 1 capital for all holding companies; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Provides for an increase in the FDIC assessment for depository institutions with assets of $10 billion or more, increases in the minimum reserve ratio for the deposit insurance fund from 1.15% to 1.35% and changes in the basis for determining FDIC premiums from deposits to assets less tangible capital; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Creates a new consumer financial protection bureau that will have rulemaking authority for a wide range of consumer protection laws that would apply to all banks and would have broad powers to supervise and enforce consumer protection laws; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Provides for new disclosure and other requirements relating to executive compensation and corporate governance; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | Ø | Changes standards for federal preemption of state laws related to federally chartered institutions and their subsidiaries; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Provides mortgage reform provisions regarding a customer’s ability to repay, restricting variable-rate lending by requiring the ability to repay to be determined for variable-rate loans by using the maximum rate that will apply during the first five years of a variable-rate loan term, and making more loans subject to provisions for higher cost loans, new disclosures, and certain other revisions; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Creates a financial stability oversight council that will recommend to the Federal Reserve increasingly strict rules for capital, leverage, liquidity, risk management and other requirements as companies grow in size and complexity; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Permanently increases the deposit insurance coverage to $250,000; |
|--------|--------|-------------------------------------------------------------------|

|   | Ø | Repeals the federal prohibitions on the payment of interest on demand deposits, thereby permitting depository institutions to pay interest on business transaction and other accounts; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Requires publicly-traded bank holding companies with assets of $10 billion or more to establish a risk committee responsible for enterprise-wide risk management practices; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Increases the authority of the Federal Reserve in its regular examinations; |
|--------|--------|-----------------------------------------------------------------------------|

|   | Ø | Requires all bank holding companies to serve as a source of financial strength to their depository institution subsidiaries in the event such subsidiaries suffer from financial distress; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Restricts proprietary trading by banks, bank holding companies and others, and their acquisition and retention of ownership interests in and sponsorship of hedge funds and private equity funds. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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 1A

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|   | Ø | Loan delinquencies may continue to increase or remain at elevated levels; |
|--------|--------|---------------------------------------------------------------------------|

|   | Ø | Problem assets and foreclosures may continue to increase or remain at elevated levels; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | Ø | High unemployment may continue; |
|--------|--------|---------------------------------|

|   | Ø | Demand for our products and services may decline; |
|--------|--------|---------------------------------------------------|

|   | Ø | Low cost or noninterest bearing deposits may decrease; and |
|--------|--------|------------------------------------------------------------|

|   | Ø | Collateral pledged to us by our customers for loans made by us, especially residential and commercial real estate property, may decline or continue to decline in value, in turn reducing our customers’ borrowing power, and thereby reducing the value of the underlying assets and collateral associated with our existing loans. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Current economic conditions and their estimated effects on specific borrowers; |
|--------|--------|--------------------------------------------------------------------------------|

|   | Ø | An evaluation of the existing relationships among loans, potential loan losses and the present level of the allowance for loan losses; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Management’s internal review of the loan portfolio, including existing compliance with established policies and procedures; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Results of examinations of our loan portfolio by regulatory agencies. |
|--------|--------|-----------------------------------------------------------------------|

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|   | Ø | First Bank continues to experience net losses and, accordingly, is unable or prohibited by its regulators to pay a dividend to the Company sufficient to satisfy the Company’s operating cash flow needs; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | We deem it advisable, or are required by the FRB, to use cash maintained by the Company to support the capital position of First Bank; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | First Bank fails to remain “well-capitalized” and, accordingly, First Bank is required to pledge additional collateral against its borrowings and is unable to do so; or |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | The Company has difficulty raising cash through the future issuance of debt or equity instruments or by accessing additional sources of credit. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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 1B. 

 2. 

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 3.    

 4.    (

| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |
|---------|--------------------------------------------------------------------------------------------------------------------|

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 6.  

|                                                                        |   | As of or For the Year Ended December 31, (1)                      |      |
|-----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------|-----------|
|                                                                        |   | 2010                                                                                                           |      |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                        |   | (dollars expressed in thousands, except share and per share data) |      |
| Income Statement Data:                                                      |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                             |   | $                                                                                                              | 312,856   |   |   |   | 400,350 |   |   |   | 536,597 |   |   |   | 643,448 |   |   |   | 609,036 |   |
| Interest expense                                                            |   |                                                                                                           | 79,325    |   |   |   | 119,357 |   |   |   | 184,435 |   |   |   | 227,361 |   |   |   | 195,969 |   |
| Net interest income                                                         |   |                                                                                                           | 233,531   |   |   |   | 280,993 |   |   |   | 352,162 |   |   |   | 416,087 |   |   |   | 413,067 |   |
| Provision for loan losses                                                   |   |                                                                                                           | 214,000   |   |   |   | 390,000 |   |   |   | 368,000 |   |   |   | 65,056 |   |   |   | 12,000 |   |
| Net interest income (loss) after provision for loan losses                  |   |                                                                                                           | 19,531    |   |   |   | (109,007 | ) |   |   | (15,838 | ) |   |   | 351,031 |   |   |   | 401,067 |   |
| Noninterest income                                                          |   |                                                                                                           | 78,509    |   |   |   | 70,691 |   |   |   | 62,341 |   |   |   | 55,449 |   |   |   | 79,547 |   |
| Noninterest expense                                                         |   |                                                                                                           | 304,364   |   |   |   | 356,236 |   |   |   | 258,339 |   |   |   | 263,028 |   |   |   | 248,908 |   |
| (Loss) income from continuing operations before provision for income taxes  |   |                                                                                                           | (206,324  | ) |   |   | (394,552 | ) |   |   | (211,836 | ) |   |   | 143,452 |   |   |   | 231,706 |   |
| Provision for income taxes                                                  |   |                                                                                                           | 4,114     |   |   |   | 2,393 |   |   |   | 18,323 |   |   |   | 40,054 |   |   |   | 80,878 |   |
| (Loss) income from continuing operations, net of tax                        |   |                                                                                                           | (210,438  | ) |   |   | (396,945 | ) |   |   | (230,159 | ) |   |   | 103,398 |   |   |   | 150,828 |   |
| Income (loss) from discontinued operations, net of tax                      |   |                                                                                                           | 12,187    |   |   |   | (51,991 | ) |   |   | (58,154 | ) |   |   | (53,860 | ) |   |   | (44,598 | ) |
| Net (loss) income                                                           |   |                                                                                                           | (198,251  | ) |   |   | (448,936 | ) |   |   | (288,313 | ) |   |   | 49,538 |   |   |   | 106,230 |   |
| Net (loss) income attributable to noncontrolling interest in subsidiaries   |   |                                                                                                           | (6,514    | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |   |   | 78 |   |   |   | (587 | ) |
| Net (loss) income attributable to First Banks, Inc.                         |   | $                                                                                                              | (191,737  | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |   |   | 49,460 |   |   |   | 106,817 |   |
|                                                                        |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends Declared and Undeclared:                                          |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred stock                                                             |   | $                                                                                                              | 16,980    |   |   |   | 16,536 |   |   |   | 786 |   |   |   | 786 |   |   |   | 786 |   |
| Common stock                                                                |   |                                                                                                           | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Ratio of total dividends declared to net (loss) income                      |   |                                                                                                           | (8.86     | )% |   |   | (3.87 | )% |   |   | (0.27 | )% |   |   | 1.59 | % |   |   | 0.74 | % |
|                                                                        |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (Loss) Per Share (EPS) and Other Share Data:                       |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic EPS – continuing operations                                     |   | $                                                                                                              | (9,479.14 | ) |   |   | (16,713.78 | ) |   |   | (9,711.66 | ) |   |   | 4,333.47 |   |   |   | 6,366.10 |   |
| Basic EPS – discontinued operations                                   |   |                                                                                                           | 515.07    |   |   |   | (2,197.32 | ) |   |   | (2,457.80 | ) |   |   | (2,276.33 | ) |   |   | (1,884.47 | ) |
| Diluted EPS – continuing operations                                   |   |                                                                                                           | (9,479.14 | ) |   |   | (16,713.78 | ) |   |   | (9,711.66 | ) |   |   | 4,294.44 |   |   |   | 6,275.41 |   |
| Diluted EPS – discontinued operations                                 |   |                                                                                                           | 515.07    |   |   |   | (2,197.32 | ) |   |   | (2,457.80 | ) |   |   | (2,239.02 | ) |   |   | (1,848.58 | ) |
| Weighted average shares of common stock outstanding                         |   |                                                                                                           | 23,661    |   |   |   | 23,661 |   |   |   | 23,661 |   |   |   | 23,661 |   |   |   | 23,661 |   |
|                                                                        |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance Sheet Data:                                                         |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment securities                                                       |   | $                                                                                                              | 1,494,337 |   |   |   | 541,557 |   |   |   | 575,094 |   |   |   | 978,676 |   |   |   | 1,428,895 |   |
| Loans, net of unearned discount                                             |   |                                                                                                           | 4,492,284 |   |   |   | 6,608,293 |   |   |   | 8,592,975 |   |   |   | 8,886,184 |   |   |   | 7,671,768 |   |
| Assets of discontinued operations                                           |   |                                                                                                           | 43,532    |   |   |   | 518,056 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total assets                                                                |   |                                                                                                           | 7,378,128 |   |   |   | 10,581,996 |   |   |   | 10,783,154 |   |   |   | 10,902,470 |   |   |   | 10,162,803 |   |
| Total deposits                                                              |   |                                                                                                           | 6,458,415 |   |   |   | 7,063,973 |   |   |   | 8,741,520 |   |   |   | 9,149,193 |   |   |   | 8,443,086 |   |
| Other borrowings                                                            |   |                                                                                                           | 31,761    |   |   |   | 767,494 |   |   |   | 575,133 |   |   |   | 409,616 |   |   |   | 398,639 |   |
| Notes payable                                                               |   |                                                                                                           | —   |   |   |   | — |   |   |   | — |   |   |   | 39,000 |   |   |   | 65,000 |   |
| Subordinated debentures                                                     |   |                                                                                                           | 353,981   |   |   |   | 353,905 |   |   |   | 353,828 |   |   |   | 353,752 |   |   |   | 297,369 |   |
| Liabilities of discontinued operations                                      |   |                                                                                                           | 94,184    |   |   |   | 1,730,264 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total stockholders’ equity                                            |   |                                                                                                           | 307,295   |   |   |   | 522,380 |   |   |   | 996,355 |   |   |   | 847,621 |   |   |   | 788,239 |   |
|                                                                        |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings Ratios:                                                            |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return on average assets                                                    |   |                                                                                                           | (2.20     | )% |   |   | (4.04 | )% |   |   | (2.66 | )% |   |   | 0.48 | % |   |   | 1.11 | % |
| Return on average stockholders’ equity                                |   |                                                                                                           | (42.36    | ) |   |   | (51.82 | ) |   |   | (32.78 | ) |   |   | 6.07 |   |   |   | 14.92 |   |
| Net interest margin (2)                                                     |   |                                                                                                           | 2.93      |   |   |   | 3.12 |   |   |   | 3.88 |   |   |   | 4.69 |   |   |   | 4.88 |   |
| Noninterest expense to average assets                                       |   |                                                                                                           | 3.50      |   |   |   | 3.36 |   |   |   | 2.39 |   |   |   | 2.54 |   |   |   | 2.59 |   |
| Tangible noninterest expense to average assets (3)                          |   |                                                                                                           | 3.46      |   |   |   | 2.61 |   |   |   | 2.34 |   |   |   | 2.49 |   |   |   | 2.55 |   |
| Efficiency ratio (4)                                                        |   |                                                                                                           | 97.54     |   |   |   | 101.29 |   |   |   | 62.33 |   |   |   | 55.78 |   |   |   | 50.53 |   |
| Tangible efficiency ratio (4)                                               |   |                                                                                                           | 96.47     |   |   |   | 78.72 |   |   |   | 60.94 |   |   |   | 54.60 |   |   |   | 49.81 |   |
|                                                                        |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios:                                                       |   |                                                                                                           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses to loans                                          |   |                                                                                                           | 4.48      | % |   |   | 4.03 | % |   |   | 2.56 | % |   |   | 1.89 | % |   |   | 1.90 | % |
| Nonaccrual loans to loans                                                   |   |                                                                                                           | 8.88      |   |   |   | 10.46 |   |   |   | 4.86 |   |   |   | 2.28 |   |   |   | 0.64 |   |
| Allowance for loan losses to nonaccrual loans                               |   |                                                                                                           | 50.40     |   |   |   | 38.55 |   |   |   | 52.71 |   |   |   | 83.27 |   |   |   | 299.11 |   |
| Nonperforming assets to loans, other real estate and repossessed assets (5) |   |                                                                                                           | 11.65     |   |   |   | 12.15 |   |   |   | 5.87 |   |   |   | 2.40 |   |   |   | 0.72 |   |
| Net loan charge-offs to average loans                                       |   |                                                                                                           | 5.06      |   |   |   | 4.62 |   |   |   | 3.84 |   |   |   | 0.76 |   |   |   | 0.10 |   |

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|                                                 |   | As of or For the Year Ended December 31, (1)                      |   |
|------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------|--------|
|                                                 |   | 2010                                                                                                           |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                 |   | (dollars expressed in thousands, except share and per share data) |   |
|                                                 |   |                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First Banks, Inc. Capital Ratios:                    |   |                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average stockholders’ equity to average assets |   |                                                                                                           | 5.20   | % |   |   | 7.79 | % |   |   | 8.11 | % |   |   | 7.89 | % |   |   | 7.45 | % |
| Total risk-based capital ratio                       |   |                                                                                                           | 6.29   |   |   |   | 9.78 |   |   |   | 12.11 |   |   |   | 9.84 |   |   |   | 10.04 |   |
| Tier 1 risk-based capital ratio                      |   |                                                                                                           | 3.15   |   |   |   | 4.89 |   |   |   | 8.87 |   |   |   | 7.92 |   |   |   | 8.44 |   |
| Leverage ratio                                       |   |                                                                                                           | 1.99   |   |   |   | 3.52 |   |   |   | 8.04 |   |   |   | 7.99 |   |   |   | 7.89 |   |
|                                                 |   |                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| First Bank Capital Ratios:                           |   |                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total risk-based capital ratio                       |   |                                                                                                           | 12.95  | % |   |   | 10.39 | % |   |   | 11.01 | % |   |   | 10.01 | % |   |   | 10.02 | % |
| Tier 1 risk-based capital ratio                      |   |                                                                                                           | 11.66  |   |   |   | 9.11 |   |   |   | 9.75 |   |   |   | 8.75 |   |   |   | 8.77 |   |
| Leverage ratio                                       |   |                                                                                                           | 7.40   |   |   |   | 6.56 |   |   |   | 8.85 |   |   |   | 8.85 |   |   |   | 8.19 |   |

| (1) | The comparability of the selected data, presented on a continuing basis, is affected by the acquisitions of banks and/or branch offices during the five-year period ended December 31, 2010. The selected data includes the financial position and results of operations of each acquired entity only for the periods subsequent to its respective date of acquisition. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Net interest margin is the ratio of net interest income (expressed on a tax-equivalent basis) to average interest-earning assets. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

| (3) | Tangible noninterest expense to average assets is the ratio of noninterest expense (excluding goodwill impairment and amortization of intangible assets) to average assets. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Efficiency ratio is the ratio of noninterest expense to the sum of net interest income and noninterest income. Tangible efficiency ratio is the ratio of noninterest expense (excluding goodwill impairment and amortization of intangible assets) to the sum of net interest income and noninterest income. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Nonperforming assets consist of nonaccrual loans, other real estate and repossessed assets. |
|-----|---------------------------------------------------------------------------------------------|

| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

|   | Ø | A provision for loan losses of $214.0 million for the year ended December 31, 2010, compared to $390.0 million in 2009 and $368.0 million in 2008; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net interest income of $233.5 million for the year ended December 31, 2010, compared to $281.0 million in 2009 and $352.2 million in 2008, which contributed to a decline in our net interest margin to 2.93% for the year ended December 31, 2010, compared to 3.12% in 2009 and 3.88% in 2008; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Noninterest income of $78.5 million for the year ended December 31, 2010, compared to $70.7 million in 2009 and $62.3 million in 2008; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Noninterest expense of $304.4 million for the year ended December 31, 2010, compared to $356.2 million in 2009 and $258.3 million in 2008; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A provision for income taxes of $4.1 million for the year ended December 31, 2010, compared to $2.4 million in 2009 and $18.3 million in 2008; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Income from discontinued operations, net of tax, of $12.2 million for the year ended December 31, 2010, compared to losses from discontinued operations, net of tax, of $52.0 million in 2009 and $58.2 million in 2008; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net losses attributable to noncontrolling interest in subsidiaries of $6.5 million for the year ended December 31, 2010, compared to $21.3 million in 2009 and $1.2 million in 2008. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | The sale of our Chicago Region on February 19, 2010, resulting in a cash outflow of $832.5 million; |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | Ø | The sale of our Texas Region on April 30, 2010, resulting in a cash outflow of $352.9 million; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | Ø | The sale of 11 branch offices in our Northern Illinois Region in September 2010, resulting in a cash outflow of $203.5 million; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of our Lawrenceville Branch on January 22, 2010, resulting in a cash outflow of $8.3 million; |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | Ø | A net increase in our investment securities portfolio of $952.8 million during 2010; |
|--------|--------|--------------------------------------------------------------------------------------|

|   | Ø | A decrease in our deposit balances of approximately $150.1 million, excluding the impact of the divestitures of the Chicago, Texas and Northern Illinois Regions, and the Lawrenceville Branch; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The prepayment of $600.0 million of FHLB advances during 2010. In March 2010, funds available from short-term investments were utilized to prepay two $100.0 million FHLB advances that were scheduled to mature in April 2010 and July 2010, resulting in prepayment penalties of $281,000, in aggregate. During the third quarter of 2010, we prepaid an additional two $100.0 million FHLB advances that were scheduled to mature in April 2011 and July 2011, resulting in prepayment penalties of $1.9 million. During the fourth quarter of 2010, we prepaid an additional two $100.0 million FHLB advances that were scheduled to mature in August 2012 and September 2016, resulting in prepayment penalties of $3.2 million; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The prepayment of our $120.0 million term repurchase agreement during the fourth quarter of 2010 that was scheduled to mature in April 2012, resulting in an early termination fee of $5.5 million. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in loans of $1.47 billion, exclusive of net loan charge-offs, transfers to other real estate and the impact of the divestitures of the Chicago, Texas and Northern Illinois Regions, and the Lawrenceville Branch; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The termination of our remaining BOLI policies during 2010, resulting in the receipt of cash proceeds from the surrender of the policies of approximately $25.9 million; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Sales of other real estate properties resulting in the receipt of cash proceeds from these sales of approximately $108.3 million; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The redemption of $7.8 million of FRB stock associated with the reduction in our total assets and $27.3 million of FHLB stock associated with the prepayment of $600.0 million of FHLB advances during 2010. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A net loss, including discontinued operations, of $191.7 million; |
|--------|--------|-------------------------------------------------------------------|

|   | Ø | Dividends declared of $17.0 million on our Class C Preferred Stock and Class D Preferred Stock; and |
|--------|--------|-----------------------------------------------------------------------------------------------------|

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|   | Ø | A decrease in noncontrolling interest in subsidiaries of $6.5 million associated with net losses in FB Holdings; partially offset by |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $146,000 in accumulated other comprehensive loss attributable to changes in unrealized gains and losses on derivative financial instruments and available-for-sale investment securities. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A net loss, including discontinued operations, of $427.6 million; |
|--------|--------|-------------------------------------------------------------------|

|   | Ø | Dividends declared of $328,000 on our Class A and Class B preferred stock; |
|--------|--------|----------------------------------------------------------------------------|

|   | Ø | Dividends declared of $14.2 million on our Class C Preferred Stock and Class D Preferred Stock; |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $8.7 million in accumulated other comprehensive income primarily due to changes in unrealized gains and losses on derivative financial instruments and available-for-sale investment securities; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in noncontrolling interest in subsidiaries of $26.0 million, reflecting a decrease of $21.3 million associated with net losses in FB Holdings and SBLS LLC, in addition to a decrease of $4.7 million associated with First Bank’s purchase of FCA’s noncontrolling interest in SBLS LLC; partially offset by |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase of $2.8 million in additional paid-in capital as a result of First Bank’s purchase of FCA’s noncontrolling interest in SBLS LLC, as further described in Note 1 and Note 19 to our consolidated financial statements. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                             |   | Years Ended December 31,         |      |
|--------------------------------------------------|--------|-------------------------------------------------|-----------|
|                                             |   | 2010                                            |      |   | 2009 |   |   | 2008 |   |
|                                             |   |                                            |      |   | Interest |   |   |   |   |   |   |   |   | Interest |   |   |   |   |   |   |   |   | Interest |   |   |   |   |
|                                             |   | Average                                         |      |   | Income/ |   |   | Yield/ |   |   | Average |   |   | Income/ |   |   | Yield/ |   |   | Average |   |   | Income/ |   |   | Yield/ |   |
|                                             |   | Balance                                         |      |   | Expense |   |   | Rate |   |   | Balance |   |   | Expense |   |   | Rate |   |   | Balance |   |   | Expense |   |   | Rate |   |
|                                             |   | (dollars expressed in thousands) |      |
| ASSETS                                           |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                         |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans: (1) (2) (3)                               |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                          |   | $                                               | 5,513,929 |   |   |   | 281,327 |   |   |   | 5.10 | % |   | $ | 7,311,609 |   |   |   | 369,934 |   |   |   | 5.06 | % |   | $ | 8,211,931 |   |   |   | 495,644 |   |   |   | 6.04 | % |
| Tax-exempt (4)                                   |   |                                            | 6,846     |   |   |   | 503 |   |   |   | 7.35 |   |   |   | 22,364 |   |   |   | 1,060 |   |   |   | 4.74 |   |   |   | 27,670 |   |   |   | 1,731 |   |   |   | 6.26 |   |
| Investment securities:                           |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                          |   |                                            | 1,001,157 |   |   |   | 25,000 |   |   |   | 2.50 |   |   |   | 616,141 |   |   |   | 23,828 |   |   |   | 3.87 |   |   |   | 711,992 |   |   |   | 34,164 |   |   |   | 4.80 |   |
| Tax-exempt (4)                                   |   |                                            | 13,604    |   |   |   | 915 |   |   |   | 6.73 |   |   |   | 21,107 |   |   |   | 1,414 |   |   |   | 6.70 |   |   |   | 31,089 |   |   |   | 2,022 |   |   |   | 6.50 |   |
| FHLB and FRB stock                               |   |                                            | 49,718    |   |   |   | 2,063 |   |   |   | 4.15 |   |   |   | 57,505 |   |   |   | 2,155 |   |   |   | 3.75 |   |   |   | 51,466 |   |   |   | 2,508 |   |   |   | 4.87 |   |
| Short-term investments                           |   |                                            | 1,403,474 |   |   |   | 3,544 |   |   |   | 0.25 |   |   |   | 995,214 |   |   |   | 2,825 |   |   |   | 0.28 |   |   |   | 83,221 |   |   |   | 1,842 |   |   |   | 2.21 |   |
| Total interest-earning assets                    |   |                                            | 7,988,728 |   |   |   | 313,352 |   |   |   | 3.92 |   |   |   | 9,023,940 |   |   |   | 401,216 |   |   |   | 4.45 |   |   |   | 9,117,369 |   |   |   | 537,911 |   |   |   | 5.90 |   |
| Nonearning assets                                |   |                                            | 445,687   |   |   |   |   |   |   |   |   |   |   |   | 599,416 |   |   |   |   |   |   |   |   |   |   |   | 799,661 |   |   |   |   |   |   |   |   |   |
| Assets of discontinued operations                |   |                                            | 269,309   |   |   |   |   |   |   |   |   |   |   |   | 964,683 |   |   |   |   |   |   |   |   |   |   |   | 889,262 |   |   |   |   |   |   |   |   |   |
| Total assets                                     |   | $                                               | 8,703,724 |   |   |   |   |   |   |   |   |   |   | $ | 10,588,039 |   |   |   |   |   |   |   |   |   |   | $ | 10,806,292 |   |   |   |   |   |   |   |   |   |
|                                             |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND                                  |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| STOCKHOLDERS’ EQUITY                       |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits:                       |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand                          |   | $                                               | 909,049   |   |   |   | 1,427 |   |   |   | 0.16 | % |   | $ | 824,928 |   |   |   | 1,556 |   |   |   | 0.19 | % |   | $ | 820,213 |   |   |   | 4,548 |   |   |   | 0.55 | % |
| Savings and money market                         |   |                                            | 2,176,680 |   |   |   | 14,998 |   |   |   | 0.69 |   |   |   | 2,196,597 |   |   |   | 23,365 |   |   |   | 1.06 |   |   |   | 2,175,512 |   |   |   | 45,309 |   |   |   | 2.08 |   |
| Time                                             |   |                                            | 2,333,270 |   |   |   | 42,044 |   |   |   | 1.80 |   |   |   | 2,382,722 |   |   |   | 68,877 |   |   |   | 2.89 |   |   |   | 2,610,052 |   |   |   | 98,267 |   |   |   | 3.76 |   |
| Total interest-bearing deposits                  |   |                                            | 5,418,999 |   |   |   | 58,469 |   |   |   | 1.08 |   |   |   | 5,404,247 |   |   |   | 93,798 |   |   |   | 1.74 |   |   |   | 5,605,777 |   |   |   | 148,124 |   |   |   | 2.64 |   |
| Other borrowings                                 |   |                                            | 514,678   |   |   |   | 7,844 |   |   |   | 1.52 |   |   |   | 561,265 |   |   |   | 10,024 |   |   |   | 1.79 |   |   |   | 567,759 |   |   |   | 13,925 |   |   |   | 2.45 |   |
| Notes payable (5)                                |   |                                            | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 37 |   |   |   | — |   |   |   | 21,591 |   |   |   | 1,328 |   |   |   | 6.15 |   |
| Subordinated debentures (3)                      |   |                                            | 353,943   |   |   |   | 13,012 |   |   |   | 3.68 |   |   |   | 353,867 |   |   |   | 15,498 |   |   |   | 4.38 |   |   |   | 353,790 |   |   |   | 21,058 |   |   |   | 5.95 |   |
| Total interest-bearing liabilities               |   |                                            | 6,287,620 |   |   |   | 79,325 |   |   |   | 1.26 |   |   |   | 6,319,379 |   |   |   | 119,357 |   |   |   | 1.89 |   |   |   | 6,548,917 |   |   |   | 184,435 |   |   |   | 2.82 |   |
| Noninterest-bearing liabilities:                 |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                  |   |                                            | 1,154,291 |   |   |   |   |   |   |   |   |   |   |   | 1,094,279 |   |   |   |   |   |   |   |   |   |   |   | 990,924 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                |   |                                            | 108,761   |   |   |   |   |   |   |   |   |   |   |   | 98,284 |   |   |   |   |   |   |   |   |   |   |   | 74,261 |   |   |   |   |   |   |   |   |   |
| Liabilities of discontinued operations           |   |                                            | 700,427   |   |   |   |   |   |   |   |   |   |   |   | 2,250,919 |   |   |   |   |   |   |   |   |   |   |   | 2,316,244 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                |   |                                            | 8,251,099 |   |   |   |   |   |   |   |   |   |   |   | 9,762,861 |   |   |   |   |   |   |   |   |   |   |   | 9,930,346 |   |   |   |   |   |   |   |   |   |
| Stockholders’ equity                       |   |                                            | 452,625   |   |   |   |   |   |   |   |   |   |   |   | 825,178 |   |   |   |   |   |   |   |   |   |   |   | 875,946 |   |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders’ equity |   | $                                               | 8,703,724 |   |   |   |   |   |   |   |   |   |   | $ | 10,588,039 |   |   |   |   |   |   |   |   |   |   | $ | 10,806,292 |   |   |   |   |   |   |   |   |   |
| Net interest income                              |   |                                            |      |   |   |   | 234,027 |   |   |   |   |   |   |   |   |   |   |   | 281,859 |   |   |   |   |   |   |   |   |   |   |   | 353,476 |   |   |   |   |   |
| Interest rate spread                             |   |                                            |      |   |   |   |   |   |   |   | 2.66 |   |   |   |   |   |   |   |   |   |   |   | 2.56 |   |   |   |   |   |   |   |   |   |   |   | 3.08 |   |
| Net interest margin (6)                          |   |                                            |      |   |   |   |   |   |   |   | 2.93 | % |   |   |   |   |   |   |   |   |   |   | 3.12 | % |   |   |   |   |   |   |   |   |   |   | 3.88 | % |

| (1) | For purposes of these computations, nonaccrual loans are included in the average loan amounts. |
|-----|------------------------------------------------------------------------------------------------|

| (2) | Interest income on loans includes loan fees. |
|-----|----------------------------------------------|

| (3) | Interest income and interest expense include the effects of interest rate swap agreements. |
|-----|--------------------------------------------------------------------------------------------|

| (4) | Information is presented on a tax-equivalent basis assuming a tax rate of 35%. The tax-equivalent adjustments were approximately $496,000, $866,000 and $1.3 million for the years ended December 31, 2010, 2009 and 2008, respectively. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Interest expense on our notes payable reflects commitment fees for the year ended December 31, 2009. Interest expense on our notes payable reflects commitment, arrangement and renewal fees for the year ended December 31, 2008. Exclusive of these fees, the interest rate paid was 4.42% for the year ended December 31, 2008. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Net interest margin is the ratio of net interest income (expressed on a tax-equivalent basis) to average interest-earning assets. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

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|                              |   | Increase (Decrease) Attributable to Change in: |    |
|-----------------------------------|--------|-------------------------------------------------------------------------|---------|
|                              |   | 2010 Compared to 2009                                    |    |   | 2009 Compared to 2008 |   |
|                              |   |                                                                    |    |   |   |   |   | Net |   |   |   |   |   |   |   |   | Net |   |
|                              |   | Volume                                                                  |    |   | Rate |   |   | Change |   |   | Volume |   |   | Rate |   |   | Change |   |
|                              |   | (dollars expressed in thousands)                         |    |
| Interest earned on:               |   |                                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans: (1) (2) (3)                |   |                                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                           |   | $                                                                       | (91,514 | ) |   |   | 2,907 |   |   |   | (88,607 | ) |   |   | (50,691 | ) |   |   | (75,019 | ) |   |   | (125,710 | ) |
| Tax-exempt (4)                    |   |                                                                    | (961    | ) |   |   | 404 |   |   |   | (557 | ) |   |   | (296 | ) |   |   | (375 | ) |   |   | (671 | ) |
| Investment securities:            |   |                                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                           |   |                                                                    | 11,525  |   |   |   | (10,353 | ) |   |   | 1,172 |   |   |   | (4,237 | ) |   |   | (6,099 | ) |   |   | (10,336 | ) |
| Tax-exempt (4)                    |   |                                                                    | (505    | ) |   |   | 6 |   |   |   | (499 | ) |   |   | (668 | ) |   |   | 60 |   |   |   | (608 | ) |
| FHLB and FRB stock                |   |                                                                    | (309    | ) |   |   | 217 |   |   |   | (92 | ) |   |   | 270 |   |   |   | (623 | ) |   |   | (353 | ) |
| Short-term investments            |   |                                                                    | 1,044   |   |   |   | (325 | ) |   |   | 719 |   |   |   | 3,886 |   |   |   | (2,903 | ) |   |   | 983 |   |
| Total interest income             |   |                                                                    | (80,720 | ) |   |   | (7,144 | ) |   |   | (87,864 | ) |   |   | (51,736 | ) |   |   | (84,959 | ) |   |   | (136,695 | ) |
| Interest paid on:                 |   |                                                                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits  |   |                                                                    | 144     |   |   |   | (273 | ) |   |   | (129 | ) |   |   | 25 |   |   |   | (3,017 | ) |   |   | (2,992 | ) |
| Savings and money market deposits |   |                                                                    | (212    | ) |   |   | (8,155 | ) |   |   | (8,367 | ) |   |   | 435 |   |   |   | (22,379 | ) |   |   | (21,944 | ) |
| Time deposits                     |   |                                                                    | (1,400  | ) |   |   | (25,433 | ) |   |   | (26,833 | ) |   |   | (8,038 | ) |   |   | (21,352 | ) |   |   | (29,390 | ) |
| Other borrowings                  |   |                                                                    | (774    | ) |   |   | (1,406 | ) |   |   | (2,180 | ) |   |   | (159 | ) |   |   | (3,742 | ) |   |   | (3,901 | ) |
| Notes payable (5)                 |   |                                                                    | (37     | ) |   |   | — |   |   |   | (37 | ) |   |   | (645 | ) |   |   | (646 | ) |   |   | (1,291 | ) |
| Subordinated debentures (3)       |   |                                                                    | 3       |   |   |   | (2,489 | ) |   |   | (2,486 | ) |   |   | 5 |   |   |   | (5,565 | ) |   |   | (5,560 | ) |
| Total interest expense            |   |                                                                    | (2,276  | ) |   |   | (37,756 | ) |   |   | (40,032 | ) |   |   | (8,377 | ) |   |   | (56,701 | ) |   |   | (65,078 | ) |
| Net interest income               |   | $                                                                       | (78,444 | ) |   |   | 30,612 |   |   |   | (47,832 | ) |   |   | (43,359 | ) |   |   | (28,258 | ) |   |   | (71,617 | ) |

| (1) | For purposes of these computations, nonaccrual loans are included in the average loan amounts. |
|-----|------------------------------------------------------------------------------------------------|

| (2) | Interest income on loans includes loan fees. |
|-----|----------------------------------------------|

| (3) | Interest income and interest expense include the effects of interest rate swap agreements. |
|-----|--------------------------------------------------------------------------------------------|

| (4) | Information is presented on a tax-equivalent basis assuming a tax rate of 35%. |
|-----|--------------------------------------------------------------------------------|

| (5) | Interest expense on our notes payable reflects commitment fees of $37,000 for the year ended December 31, 2009. |
|-----|-----------------------------------------------------------------------------------------------------------------|

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|   | Ø | A provision for loan losses of $214.0 million for the year ended December 31, 2010, compared to $390.0 million in 2009; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net interest income of $233.5 million for the year ended December 31, 2010, compared to $281.0 million in 2009, which contributed to a decline in our net interest margin to 2.93% for the year ended December 31, 2010, compared to 3.12% in 2009; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Noninterest income of $78.5 million for the year ended December 31, 2010, compared to $70.7 million in 2009; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | Ø | Noninterest expense of $304.4 million for the year ended December 31, 2010, compared to $356.2 million in 2009; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | Ø | A provision for income taxes of $4.1 million for the year ended December 31, 2010, compared to $2.4 million in 2009; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

|   | Ø | Income from discontinued operations, net of tax, of $12.2 million for the year ended December 31, 2010, compared to a loss from discontinued operations, net of tax, of $52.0 million in 2009; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net losses attributable to noncontrolling interest in subsidiaries of $6.5 million for the year ended December 31, 2010, compared to $21.3 million in 2009. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                          |   | December 31,                               |    |   | Increase (Decrease) |   |
|---------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------------------------|--------|
|                                                          |   | 2010                                            |    |   | 2009                     |   |   | Amount |   |   | % |   |
|                                                          |   | (dollars expressed in thousands) |    |
| Noninterest income:                                           |   |                                            |    |   |                     |   |   |   |   |   |   |   |
| Service charges on deposit accounts and customer service fees |   | $                                               | 42,770  |   |                     |   | 43,311 |   |   |   | (541 | ) |   |   | (1.2 | )% |
| Gain on loans sold and held for sale                          |   |                                            | 9,516   |   |                     |   | 4,112 |   |   |   | 5,404 |   |   |   | 131.4 |   |
| Net gain on investment securities                             |   |                                            | 8,315   |   |                     |   | 7,697 |   |   |   | 618 |   |   |   | 8.0 |   |
| Bank-owned life insurance investment income                   |   |                                            | 120     |   |                     |   | 733 |   |   |   | (613 | ) |   |   | (83.6 | ) |
| Net loss on derivative instruments                            |   |                                            | (2,925  | )      |                     |   | (4,874 | ) |   |   | 1,949 |   |   |   | 40.0 |   |
| Change in fair value of servicing rights                      |   |                                            | (5,558  | )      |                     |   | (2,896 | ) |   |   | (2,662 | ) |   |   | (91.9 | ) |
| Loan servicing fees                                           |   |                                            | 8,783   |   |                     |   | 8,842 |   |   |   | (59 | ) |   |   | (0.7 | ) |
| Other                                                         |   |                                            | 17,488  |   |                     |   | 13,766 |   |   |   | 3,722 |   |   |   | 27.0 |   |
| Total noninterest income                                      |   | $                                               | 78,509  |   |                     |   | 70,691 |   |   |   | 7,818 |   |   |   | 11.1 |   |
| Noninterest expense:                                          |   |                                            |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                |   | $                                               | 86,426  |   |                     |   | 89,313 |   |   |   | (2,887 | ) |   |   | (3.2 | )% |
| Occupancy, net of rental income                               |   |                                            | 28,409  |   |                     |   | 27,040 |   |   |   | 1,369 |   |   |   | 5.1 |   |
| Furniture and equipment                                       |   |                                            | 14,454  |   |                     |   | 15,739 |   |   |   | (1,285 | ) |   |   | (8.2 | ) |
| Postage, printing and supplies                                |   |                                            | 3,400   |   |                     |   | 4,281 |   |   |   | (881 | ) |   |   | (20.6 | ) |
| Information technology fees                                   |   |                                            | 27,745  |   |                     |   | 30,915 |   |   |   | (3,170 | ) |   |   | (10.3 | ) |
| Legal, examination and professional fees                      |   |                                            | 13,818  |   |                     |   | 11,888 |   |   |   | 1,930 |   |   |   | 16.2 |   |
| Goodwill impairment                                           |   |                                            | ― |   |                     |   | 75,000 |   |   |   | (75,000 | ) |   |   | (100.0 | ) |
| Amortization of intangible assets                             |   |                                            | 3,325   |   |                     |   | 4,391 |   |   |   | (1,066 | ) |   |   | (24.3 | ) |
| Advertising and business development                          |   |                                            | 1,483   |   |                     |   | 1,827 |   |   |   | (344 | ) |   |   | (18.8 | ) |
| FDIC insurance                                                |   |                                            | 22,300  |   |                     |   | 20,114 |   |   |   | 2,186 |   |   |   | 10.9 |   |
| Write-downs and expenses on other real estate                 |   |                                            | 44,662  |   |                     |   | 48,488 |   |   |   | (3,826 | ) |   |   | (7.9 | ) |
| Other                                                         |   |                                            | 58,342  |   |                     |   | 27,240 |   |   |   | 31,102 |   |   |   | 114.2 |   |
| Total noninterest expense                                     |   | $                                               | 304,364 |   |                     |   | 356,236 |   |   |   | (51,872 | ) |   |   | (14.6 | ) |

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|   | Ø | The receipt of a litigation settlement of $2.6 million recognized in the second quarter of 2010; |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | Ø | A gain of $168,000 recognized in the first quarter of 2010 on the sale of our Lawrenceville Branch, as further described in Note 2 to our consolidated financial statements; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net gains on sales of other real estate of $3.5 million for the year ended December 31, 2010, compared to net losses on sales of other real estate of $17,000 for the comparable period in 2009; partially offset by |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A gain of $309,000 recognized in the fourth quarter of 2009 on the sale of our Springfield Branch, as further described in Note 2 to our consolidated financial statements. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | An operating loss of $13.6 million during the third quarter of 2010 resulting from suspected fraud involving a customer relationship; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Prepayment penalties of $5.1 million associated with the prepayment of FHLB advances during the third and fourth quarters of 2010; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A fee of $5.5 million paid during the fourth quarter of 2010 associated with the early termination of our $120.0 million term repurchase agreement; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Payments and accruals related to litigation matters of $5.5 million in 2010 as compared to zero in 2009; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | Ø | The establishment of a specific reserve on an unfunded letter of credit of $2.4 million in the fourth quarter of 2010; partially offset by |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in loan expenses associated with collection efforts related to asset quality matters to $5.2 million in 2010 as compared to $5.4 million in 2009; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in overdraft losses, net of recoveries, to $1.6 million in 2010 as compared to $1.9 million in 2009; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------|

|   | Ø | Profit improvement initiatives and management’s efforts to reduce overall expense levels. |
|--------|--------|-------------------------------------------------------------------------------------------------|

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|   | Ø | Net income from discontinued operations attributable to our Chicago Region of $5.3 million for 2010, including a gain of $8.4 million recorded during the first quarter of 2010 associated with the sale of our Chicago Region on February 19, 2010 after the write-off of goodwill and intangible assets allocated to the Chicago Region of $26.3 million, compared to a net loss from discontinued operations attributable to our Chicago Region of $27.4 million in 2009; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net income from discontinued operations attributable to our Texas Region of $569,000 for 2010, including a gain of $5.0 million recorded during the second quarter of 2010 associated with the sale of our Texas Region on April 30, 2010 after the write-off of goodwill and intangible assets allocated to the Texas Region of $20.0 million, compared to a net loss from discontinued operations attributable to our Texas Region of $17.3 million in 2009; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net income from discontinued operations attributable to our Northern Illinois Region of $6.7 million for 2010, including a gain of $6.4 million recorded during the third quarter of 2010 associated with the sale of a portion of our Northern Illinois Region in September 2010 after the write-off of goodwill and intangible assets allocated to the portion of the Northern Illinois Region sold of $9.7 million, compared to a net loss from discontinued operations attributable to our Northern Illinois Region of $2.0 million in 2009; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A loss of $156,000 during the second quarter of 2010 associated with the sale of MVP on April 15, 2010; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

|   | Ø | A loss of $13.1 million during the fourth quarter of 2009 associated with the sale of assets of WIUS on December 31, 2009. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in the provision for loan losses to $390.0 million for the year ended December 31, 2009, compared to $368.0 million in 2008; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decline in net interest income to $281.0 million for the year ended December 31, 2009, compared to $352.2 million in 2008, which contributed to a decline in our net interest margin to 3.12% for the year ended December 31, 2009, compared to 3.88% in 2008; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in our noninterest income to $70.7 million for the year ended December 31, 2009, compared to $62.3 million in 2008; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in our noninterest expense to $356.2 million for the year ended December 31, 2009, compared to $258.3 million in 2008; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A provision for income taxes of $2.4 million for the year ended December 31, 2009, compared to $18.3 million in 2008; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A loss from discontinued operations, net of tax, of $52.0 million for the year ended December 31, 2009, compared to a loss of $58.2 million in 2008; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Net losses attributable to noncontrolling interest in subsidiaries of $21.3 million for the year ended December 31, 2009, compared to $1.2 million in 2008. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                          |   | December 31,                               |    |   | Increase (Decrease) |   |
|---------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------------------------|--------|
|                                                          |   | 2009                                            |    |   | 2008                     |   |   | Amount |   |   | % |   |
|                                                          |   | (dollars expressed in thousands) |    |
| Noninterest income:                                           |   |                                            |    |   |                     |   |   |   |   |   |   |   |
| Service charges on deposit accounts and customer service fees |   | $                                               | 43,311  |   |                     |   | 41,839 |   |   |   | 1,472 |   |   |   | 3.5 | % |
| Gain on loans sold and held for sale                          |   |                                            | 4,112   |   |                     |   | 4,391 |   |   |   | (279 | ) |   |   | (6.4 | ) |
| Net gain (loss) on investment securities                      |   |                                            | 7,697   |   |                     |   | (8,760 | ) |   |   | 16,457 |   |   |   | 187.9 |   |
| Bank-owned life insurance investment income                   |   |                                            | 733     |   |                     |   | 2,808 |   |   |   | (2,075 | ) |   |   | (73.9 | ) |
| Net (loss) gain on derivative instruments                     |   |                                            | (4,874  | )      |                     |   | 1,730 |   |   |   | (6,604 | ) |   |   | (381.7 | ) |
| Change in fair value of servicing rights                      |   |                                            | (2,896  | )      |                     |   | (11,825 | ) |   |   | 8,929 |   |   |   | 75.5 |   |
| Loan servicing fees                                           |   |                                            | 8,842   |   |                     |   | 8,776 |   |   |   | 66 |   |   |   | 0.8 |   |
| Gain on extinguishment of term repurchase agreement           |   |                                            | ― |   |                     |   | 5,000 |   |   |   | (5,000 | ) |   |   | (100.0 | ) |
| Other                                                         |   |                                            | 13,766  |   |                     |   | 18,382 |   |   |   | (4,616 | ) |   |   | (25.1 | ) |
| Total noninterest income                                      |   | $                                               | 70,691  |   |                     |   | 62,341 |   |   |   | 8,350 |   |   |   | 13.4 |   |
| Noninterest expense:                                          |   |                                            |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                |   | $                                               | 89,313  |   |                     |   | 105,049 |   |   |   | (15,736 | ) |   |   | (15.0 | )% |
| Occupancy, net of rental income                               |   |                                            | 27,040  |   |                     |   | 27,877 |   |   |   | (837 | ) |   |   | (3.0 | ) |
| Furniture and equipment                                       |   |                                            | 15,739  |   |                     |   | 17,446 |   |   |   | (1,707 | ) |   |   | (9.8 | ) |
| Postage, printing and supplies                                |   |                                            | 4,281   |   |                     |   | 5,312 |   |   |   | (1,031 | ) |   |   | (19.4 | ) |
| Information technology fees                                   |   |                                            | 30,915  |   |                     |   | 35,447 |   |   |   | (4,532 | ) |   |   | (12.8 | ) |
| Legal, examination and professional fees                      |   |                                            | 11,888  |   |                     |   | 11,193 |   |   |   | 695 |   |   |   | 6.2 |   |
| Goodwill impairment                                           |   |                                            | 75,000  |   |                     |   | ― |   |   |   | 75,000 |   |   |   | 100.0 |   |
| Amortization of intangible assets                             |   |                                            | 4,391   |   |                     |   | 5,746 |   |   |   | (1,355 | ) |   |   | (23.6 | ) |
| Advertising and business development                          |   |                                            | 1,827   |   |                     |   | 4,655 |   |   |   | (2,828 | ) |   |   | (60.8 | ) |
| FDIC insurance                                                |   |                                            | 20,114  |   |                     |   | 5,500 |   |   |   | 14,614 |   |   |   | 265.7 |   |
| Write-downs and expenses on other real estate                 |   |                                            | 48,488  |   |                     |   | 8,242 |   |   |   | 40,246 |   |   |   | 488.3 |   |
| Other                                                         |   |                                            | 27,240  |   |                     |   | 31,872 |   |   |   | (4,632 | ) |   |   | (14.5 | ) |
| Total noninterest expense                                     |   | $                                               | 356,236 |   |                     |   | 258,339 |   |   |   | 97,897 |   |   |   | 37.9 |   |

|   | Ø | Net losses on the sale of certain asset based lending loans and restaurant franchise loans of $6.1 million and $1.1 million, respectively, during the fourth quarter of 2009, as further discussed under “—Loans and Allowance for Loan Losses;” and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in the gain on sale of SBA loans of $227,000 to $2.1 million during 2009 as compared to $2.3 million during 2008, primarily due to lower sales volumes; partially offset by |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in the gain on the sale of mortgage loans of $7.6 million to $9.4 million during 2009 as compared to $1.8 million during 2008, due primarily to an increase in the volume of mortgage loans originated and subsequently sold in the secondary market resulting from increased levels of refinancing of one-to-four family residential real estate loans in light of declining mortgage interest rates experienced during 2009. For the years ended December 31, 2009 and 2008, we originated residential mortgage loans held for sale and held for portfolio totaling $541.0 million and $221.8 million, respectively, and sold residential mortgage loans totaling $522.6 million and $210.6 million, respectively. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A decrease in recoveries of certain loan principal balances that had been previously charged off by the financial institutions prior to their acquisition by First Bank of $1.6 million to $173,000 for 2009, compared to $1.7 million in 2008; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Income of $1.8 million recognized on the sale of various state tax credits in the second quarter of 2008; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------|

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|   | Ø | A gain recognized in the first quarter of 2008 on the Visa, Inc., or Visa, initial public offering, or IPO, of $743,000, representing the cash payment received in exchange for a portion of our membership interest in Visa as a result of Visa’s IPO; partially offset by |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A gain of $309,000 recognized in the fourth quarter of 2009 on the sale of our Springfield Branch, as further described in Note 2 to our consolidated financial statements. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Profit improvement initiatives and management’s efforts to reduce overall expense levels; |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in overdraft losses, net of recoveries, of $66,000 to $1.9 million for the year ended December 31, 2009, from $2.0 million in 2008; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A litigation settlement of $750,000 during the third quarter of 2008 pertaining to a matter initially brought against a former bank holding company prior to our acquisition in late 2007; partially offset by |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in loan expenses of $140,000 to $5.4 million for the year ended December 31, 2009, from $5.3 million in 2008, attributable to collection efforts related to asset quality matters. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Maintaining an Asset Liability Committee, or ALCO, responsible to our Board of Directors and Executive Management, to review the overall interest rate risk management activity and approve actions taken to reduce risk; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Employing a financial simulation model to determine our exposure to changes in interest rates; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | Ø | Coordinating the lending, investing and deposit-generating functions to control the assumption of interest rate risk; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Utilizing various financial instruments, including derivatives, to offset inherent interest rate risk should it become excessive. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                 |   | ThreeMonths orLess                         |      |   | Over Threethrough SixMonths |   |     | Over SixthroughTwelveMonths |   |   | Over Onethrough FiveYears |   |   | Over FiveYears |      |   | Total  |   |
|--------------------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|---------------------------------------|--------|----------|----------------------------------|--------|--------|-------------------------------------|--------|--------|---------------------|-----------|--------|--------|--------|
|                                                                                 |   | (dollars expressed in thousands) |      |
| Interest-earning assets:                                                             |   |                                            |      |   |                                  |   |     |                             |   |   |                                |   |   |                |      |   |   |   |
| Loans (1)                                                                            |   | $                                               | 2,782,066 |   |                                  |   | 306,747  |                             |   |   | 466,901                             |   |   |                | 871,706   |   |   |   | 64,864 |   |   |   | 4,492,284 |   |
| Investment securities                                                                |   |                                            | 68,755    |   |                                  |   | 66,498   |                             |   |   | 126,720                             |   |   |                | 832,449   |   |   |   | 399,915 |   |   |   | 1,494,337 |   |
| FHLB and FRB stock                                                                   |   |                                            | 30,121    |   |                                  |   | —  |                             |   |   | —                             |   |   |                | —   |   |   |   | — |   |   |   | 30,121 |   |
| Short-term investments                                                               |   |                                            | 924,794   |   |                                  |   | —  |                             |   |   | —                             |   |   |                | —   |   |   |   | — |   |   |   | 924,794 |   |
| Total interest-earning assets                                                        |   | $                                               | 3,805,736 |   |                                  |   | 373,245  |                             |   |   | 593,621                             |   |   |                | 1,704,155 |   |   |   | 464,779 |   |   |   | 6,941,536 |   |
| Interest-bearing liabilities:                                                        |   |                                            |      |   |                                  |   |     |                             |   |   |                                |   |   |                |      |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits                                                     |   | $                                               | 340,390   |   |                                  |   | 211,594  |                             |   |   | 137,996                             |   |   |                | 101,197   |   |   |   | 128,796 |   |   |   | 919,973 |   |
| Money market deposits                                                                |   |                                            | 1,968,513 |   |                                  |   | —  |                             |   |   | —                             |   |   |                | —   |   |   |   | — |   |   |   | 1,968,513 |   |
| Savings deposits                                                                     |   |                                            | 40,502    |   |                                  |   | 33,355   |                             |   |   | 28,590                              |   |   |                | 40,503    |   |   |   | 95,300 |   |   |   | 238,250 |   |
| Time deposits                                                                        |   |                                            | 726,718   |   |                                  |   | 437,178  |                             |   |   | 604,476                             |   |   |                | 396,001   |   |   |   | 100 |   |   |   | 2,164,473 |   |
| Other borrowings                                                                     |   |                                            | 31,761    |   |                                  |   | —  |                             |   |   | —                             |   |   |                | —   |   |   |   | — |   |   |   | 31,761 |   |
| Subordinated debentures                                                              |   |                                            | 282,481   |   |                                  |   | —  |                             |   |   | —                             |   |   |                | —   |   |   |   | 71,500 |   |   |   | 353,981 |   |
| Total interest-bearing liabilities                                                   |   |                                            | 3,390,365 |   |                                  |   | 682,127  |                             |   |   | 771,062                             |   |   |                | 537,701   |   |   |   | 295,696 |   |   |   | 5,676,951 |   |
| Effect of interest rate swap agreements                                              |   |                                            | (75,000   | )      |                                  |   | —  |                             |   |   | 25,000                              |   |   |                | 50,000    |   |   |   | — |   |   |   | — |   |
| Total interest-bearing liabilities after the effect of interest rate swap agreements |   | $                                               | 3,315,365 |   |                                  |   | 682,127  |                             |   |   | 796,062                             |   |   |                | 587,701   |   |   |   | 295,696 |   |   |   | 5,676,951 |   |
| Interest-sensitivity gap:                                                            |   |                                            |      |   |                                  |   |     |                             |   |   |                                |   |   |                |      |   |   |   |   |   |   |   |   |   |
| Periodic                                                                             |   | $                                               | 490,371   |   |                                  |   | (308,882 | )                                |   |   | (202,441                            | )      |   |                | 1,116,454 |   |   |   | 169,083 |   |   |   | 1,264,585 |   |
| Cumulative                                                                           |   |                                            | 490,371   |   |                                  |   | 181,489  |                             |   |   | (20,952                             | )      |   |                | 1,095,502 |   |   |   | 1,264,585 |   |   |   |   |   |
| Ratio of interest-sensitive assets to interest-sensitive liabilities:                |   |                                            |      |   |                                  |   |     |                             |   |   |                                |   |   |                |      |   |   |   |   |   |   |   |   |   |
| Periodic                                                                             |   |                                            | 1.15      |   |                                  |   | 0.55     |                             |   |   | 0.75                                |   |   |                | 2.90      |   |   |   | 1.57 |   |   |   | 1.22 |   |
| Cumulative                                                                           |   |                                            | 1.15      |   |                                  |   | 1.05     |                             |   |   | 1.00                                |   |   |                | 1.20      |   |   |   | 1.22 |   |   |   |   |   |

|   | Ø | Loans will repay at projected repayment rates; |
|--------|--------|------------------------------------------------|

|   | Ø | Mortgage-backed securities, included in investment securities, will repay at projected repayment rates; |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | Ø | Interest-bearing demand accounts and savings deposits will behave in a projected manner with regard to their interest rate sensitivity; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Fixed maturity deposits will not be withdrawn prior to maturity. |
|--------|--------|------------------------------------------------------------------|

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|                                                     |   | December 31,                               |   |
|----------------------------------------------------------|--------|-------------------------------------------------|--------|
|                                                     |   | 2010                                            |   |   | 2009 |   |
|                                                     |   | NotionalAmount                                  |   |   | CreditExposure |   |   | NotionalAmount |   |   | CreditExposure |   |
|                                                     |   | (dollars expressed in thousands) |   |
|                                                     |   |                                            |   |   |   |   |   |   |   |   |   |   |
| Cash flow hedges – subordinated debentures (1) (2) |   | $                                               | 75,000 |   |   |   | — |   |   |   | 125,000 |   |   |   | — |   |
| Customer interest rate swap agreements                   |   |                                            | 53,696 |   |   |   | 869 |   |   |   | 80,194 |   |   |   | 683 |   |
| Interest rate lock commitments                           |   |                                            | 41,857 |   |   |   | 276 |   |   |   | 36,000 |   |   |   | 369 |   |
| Forward commitments to sell mortgage-backed securities   |   |                                            | 84,100 |   |   |   | 1,538 |   |   |   | 61,000 |   |   |   | 647 |   |

|   | (1) | In August 2009, we discontinued hedge accounting following the announcement of the deferral of interest payments on the underlying trust preferred securities associated with our junior subordinated debentures. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | On December 8, 2010, we terminated our $50.0 million notional amount interest rate swap agreement, scheduled to mature on December 15, 2011. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

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|                                               |   | December 31,                               |      |
|----------------------------------------------------|--------|-------------------------------------------------|-----------|
|                                               |   | 2010                                            |      |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                               |   | Amount                                          |      |   | % |   |   | Amount |   |   | % |   |   | Amount |   |   | % |   |   | Amount |   |   | % |   |   | Amount |   |   | % |   |
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural             |   | $                                               | 1,045,832 |   |   |   | 23.5 | % |   | $ | 1,692,922 |   |   |   | 25.8 | % |   | $ | 2,575,505 |   |   |   | 30.1 | % |   | $ | 2,382,067 |   |   |   | 27.0 | % |   | $ | 1,934,912 |   |   |   | 26.0 | % |
| Real estate construction and development           |   |                                            | 490,766   |   |   |   | 11.1 |   |   |   | 1,052,922 |   |   |   | 16.0 |   |   |   | 1,572,212 |   |   |   | 18.4 |   |   |   | 2,141,234 |   |   |   | 24.3 |   |   |   | 1,832,504 |   |   |   | 24.6 |   |
| Real estate mortgage:                              |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four-family residential loans               |   |                                            | 1,050,895 |   |   |   | 23.7 |   |   |   | 1,279,166 |   |   |   | 19.5 |   |   |   | 1,553,366 |   |   |   | 18.1 |   |   |   | 1,602,575 |   |   |   | 18.2 |   |   |   | 1,270,158 |   |   |   | 17.0 |   |
| Multi-family residential loans                     |   |                                            | 178,289   |   |   |   | 4.0 |   |   |   | 223,044 |   |   |   | 3.4 |   |   |   | 220,404 |   |   |   | 2.6 |   |   |   | 177,246 |   |   |   | 2.0 |   |   |   | 141,341 |   |   |   | 1.9 |   |
| Commercial real estate loans                       |   |                                            | 1,642,920 |   |   |   | 37.0 |   |   |   | 2,269,372 |   |   |   | 34.6 |   |   |   | 2,562,598 |   |   |   | 30.0 |   |   |   | 2,431,464 |   |   |   | 27.5 |   |   |   | 2,203,649 |   |   |   | 29.5 |   |
| Consumer and installment, net of unearned discount |   |                                            | 29,112    |   |   |   | 0.7 |   |   |   | 48,183 |   |   |   | 0.7 |   |   |   | 70,170 |   |   |   | 0.8 |   |   |   | 85,519 |   |   |   | 1.0 |   |   |   | 72,877 |   |   |   | 1.0 |   |
| Total loans, excluding loans held for sale         |   |                                            | 4,437,814 |   |   |   | 100.0 | % |   |   | 6,565,609 |   |   |   | 100.0 | % |   |   | 8,554,255 |   |   |   | 100.0 | % |   |   | 8,820,105 |   |   |   | 100.0 | % |   |   | 7,455,441 |   |   |   | 100.0 | % |
| Loans held for sale                                |   |                                            | 54,470    |   |   |   |   |   |   |   | 42,684 |   |   |   |   |   |   |   | 38,720 |   |   |   |   |   |   |   | 66,079 |   |   |   |   |   |   |   | 216,327 |   |   |   |   |   |
| Total loans                                        |   | $                                               | 4,492,284 |   |   |   |   |   |   | $ | 6,608,293 |   |   |   |   |   |   | $ | 8,592,975 |   |   |   |   |   |   | $ | 8,886,184 |   |   |   |   |   |   | $ | 7,671,768 |   |   |   |   |   |

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|                               |   | December 31,                               |      |
|------------------------------------|--------|-------------------------------------------------|-----------|
|                               |   | 2010                                            |      |   | 2009 |   |
|                               |   | (dollars expressed in thousands) |      |
|                               |   |                                            |      |   |   |   |
| Mortgage Division                  |   | $                                               | 466,735   |   |   |   | 555,749 |   |
| Florida                            |   |                                            | 114,061   |   |   |   | 140,250 |   |
| Northern California                |   |                                            | 633,867   |   |   |   | 844,526 |   |
| Southern California                |   |                                            | 1,268,960 |   |   |   | 1,775,562 |   |
| Chicago                            |   |                                            | 244,277   |   |   |   | 368,434 |   |
| Missouri                           |   |                                            | 879,200   |   |   |   | 1,365,168 |   |
| Texas                              |   |                                            | 292,609   |   |   |   | 517,066 |   |
| First Bank Business Capital, Inc.  |   |                                            | 56,212    |   |   |   | 75,254 |   |
| Northern and Southern Illinois (1) |   |                                            | 350,208   |   |   |   | 729,344 |   |
| Other                              |   |                                            | 186,155   |   |   |   | 236,940 |   |
| Total                              |   | $                                               | 4,492,284 |   |   |   | 6,608,293 |   |

|   | (1) | The decrease during 2010 reflects the sale and reclassification to discontinued operations of $137.4 million and $40.3 million, respectively, of our Northern Illinois Region loans, and the reclassification of $794,000 of our Edwardsville Branch loans to assets held for sale at December 31, 2010, as further described below and in Note 2 to our consolidated financial statements. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $647.1 million in our commercial, financial and agricultural portfolio, reflecting gross loan charge-offs of $52.1 million, the sale and reclassification to assets of discontinued operations of $18.1 million and $6.9 million of such loans in our Northern Illinois Region, respectively, and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $562.2 million in our real estate construction and development portfolio, primarily attributable to gross loan charge-offs of $143.4 million, transfers to other real estate of $112.5 million and other loan activity. The following table summarizes the composition of our real estate construction and development portfolio by region as of December 31, 2010 and 2009: |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                           |   | December 31,                               |    |
|--------------------------------|--------|-------------------------------------------------|---------|
|                           |   | 2010                                            |    |   | 2009 |   |
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                                            |    |   |   |   |
| Northern California            |   | $                                               | 64,647  |   |   |   | 100,543 |   |
| Southern California            |   |                                            | 157,306 |   |   |   | 435,051 |   |
| Chicago                        |   |                                            | 44,166  |   |   |   | 115,141 |   |
| Missouri                       |   |                                            | 62,012  |   |   |   | 152,736 |   |
| Texas                          |   |                                            | 128,794 |   |   |   | 185,084 |   |
| Florida                        |   |                                            | 3,799   |   |   |   | 12,792 |   |
| Northern and Southern Illinois |   |                                            | 28,721  |   |   |   | 50,713 |   |
| Other                          |   |                                            | 1,321   |   |   |   | 862 |   |
| Total                          |   | $                                               | 490,766 |   |   |   | 1,052,922 |   |

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|   | Ø | A decrease of $228.3 million in our one-to-four family residential real estate loan portfolio primarily attributable to gross loan charge-offs of $62.2 million, transfers to other real estate of $22.3 million, the sale and reclassification to assets of discontinued operations of $18.1 million and $14.0 million of such loans in our Northern Illinois Region, respectively, and principal payments. The following table summarizes the composition of our one-to-four family residential real estate loan portfolio as of December 31, 2010 and 2009: |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                           |   | December 31,                               |      |
|------------------------------------------------|--------|-------------------------------------------------|-----------|
|                                           |   | 2010                                            |      |   | 2009 |   |
|                                           |   | (dollars expressed in thousands) |      |
|                                           |   |                                            |      |   |   |   |
| One-to-four family residential real estate:    |   |                                            |      |   |   |   |
| Bank portfolio                                 |   | $                                               | 239,363   |   |   |   | 332,653 |   |
| Mortgage Division portfolio, excluding Florida |   |                                            | 286,584   |   |   |   | 340,201 |   |
| Florida Mortgage Division portfolio            |   |                                            | 125,369   |   |   |   | 179,985 |   |
| Home equity portfolio                          |   |                                            | 399,579   |   |   |   | 426,327 |   |
| Total                                          |   | $                                               | 1,050,895 |   |   |   | 1,279,166 |   |

|   | Ø | A decrease of $44.8 million in our multi-family residential real estate portfolio primarily attributable to gross loan charge-offs of $9.3 million, the sale of $8.3 million of such loans in our Northern Illinois Region and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A decrease of $626.5 million in our commercial real estate portfolio primarily attributable to gross loan charge-offs of $63.3 million, transfers to other real estate of $24.9 million, the sale and reclassification to assets of discontinued operations of $83.5 million and $17.3 million, respectively, of such loans in our Northern Illinois Region, and our efforts to reduce our exposure to commercial real estate in the current economic environment. The following table summarizes the composition of our commercial real estate portfolio by loan type as of December 31, 2010 and 2009: |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|               |   | December 31,                               |      |
|--------------------|--------|-------------------------------------------------|-----------|
|               |   | 2010                                            |      |   | 2009 |   |
|               |   | (dollars expressed in thousands) |      |
|               |   |                                            |      |   |   |   |
| Farmland           |   | $                                               | 36,735    |   |   |   | 77,624 |   |
| Owner occupied     |   |                                            | 798,842   |   |   |   | 1,104,225 |   |
| Non-owner occupied |   |                                            | 807,343   |   |   |   | 1,087,523 |   |
| Total              |   | $                                               | 1,642,920 |   |   |   | 2,269,372 |   |

|                           |   | December 31,                               |    |
|--------------------------------|--------|-------------------------------------------------|---------|
|                           |   | 2010                                            |    |   | 2009 |   |
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                                            |    |   |   |   |
| Northern California            |   | $                                               | 208,127 |   |   |   | 238,809 |   |
| Southern California            |   |                                            | 305,287 |   |   |   | 368,361 |   |
| Chicago                        |   |                                            | 27,907  |   |   |   | 53,849 |   |
| Missouri                       |   |                                            | 149,106 |   |   |   | 222,971 |   |
| Texas                          |   |                                            | 61,258  |   |   |   | 101,747 |   |
| Florida                        |   |                                            | 13,338  |   |   |   | 14,305 |   |
| Northern and Southern Illinois |   |                                            | 24,990  |   |   |   | 62,084 |   |
| Other                          |   |                                            | 17,330  |   |   |   | 25,397 |   |
| Total                          |   | $                                               | 807,343 |   |   |   | 1,087,523 |   |

|   | Ø | A decrease of $19.1 million in our consumer and installment portfolio, net of unearned discount, reflecting a decrease in unearned discount of $3.3 million, the sale and reclassification to assets of discontinued operations of $1.5 million and $2.0 million of such loans in our Northern Illinois Region, respectively, gross loan charge-offs of $1.0 million, and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase of $11.8 million in our loans held for sale portfolio primarily resulting from the timing of loan originations and subsequent sales in the secondary mortgage and small business markets. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $882.6 million in our commercial, financial and agricultural portfolio, reflecting the reclassification of $77.6 million and $57.1 million of certain of our Chicago Region and Texas Region loans, respectively, to assets of discontinued operations at December 31, 2009; sales of $141.3 million, $101.5 million and $64.4 million of loans in our premium finance subsidiary, asset based lending subsidiary and restaurant franchise loans, respectively, during the fourth quarter of 2009; gross loan charge-offs of $104.6 million; and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $519.3 million in our real estate construction and development portfolio primarily attributable to gross loan charge-offs of $122.3 million, transfers to other real estate and other loan activity, including transfers of loans from real estate construction and development to commercial and multi-family residential real estate upon completion of the construction of the underlying projects related to such loans; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A decrease of $274.2 million in our one-to-four family residential real estate loan portfolio primarily attributable to gross loan charge-offs of $83.6 million, the reclassification of $6.8 million and $3.8 million of certain of our Chicago Region and Texas Region loans, respectively, to assets of discontinued operations at December 31, 2009, transfers to other real estate and principal payments; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $293.2 million in our commercial real estate portfolio primarily attributable to the reclassification of $189.0 million and $36.0 million of certain of our Chicago Region and Texas Region loans, respectively, to assets of discontinued operations at December 31, 2009, gross loan charge-offs of $40.3 million and our efforts to reduce our exposure to commercial real estate in the current economic environment, partially offset by transfers of loans from real estate construction and development to commercial real estate upon completion of the construction and development and to multi-family residential real estate upon completion of the construction of the underlying projects related to such loans; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease of $22.0 million in our consumer and installment portfolio, net of unearned discount, reflecting the reclassification of $2.7 million and $615,000 of certain of our Chicago Region and Texas Region loans, respectively, to assets of discontinued operations at December 31, 2009, gross loan charge-offs of $1.4 million, and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase of $2.6 million in our multi-family residential real estate portfolio primarily attributable to transfers of loans from real estate construction and development to multi-family residential real estate upon completion of the construction of the underlying projects related to such loans, partially offset by the reclassification of $5.5 million and $1.1 million of certain of our Chicago Region and Texas Region loans, respectively, to assets of discontinued operations at December 31, 2009; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase of $4.0 million in our loans held for sale portfolio primarily resulting from the timing of loan originations and subsequent sales in the secondary mortgage and small business markets. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                               |   |                                            |      |   | Over One Year ThroughFive Years |   |    | Over Five Years |   |   |            |   |
|----------------------------------------------------|--------|-------------------------------------------------|-----------|--------|-----------------------------------------------------|--------|---------|---------------------------|--------|--------|-----------------|--------|
|                                               |   | One Yearor Less                       |      |   | Fixed Rate                                     |   |    | FloatingRate              |   |   | Fixed Rate |   |   | FloatingRate |   |   | Total |   |
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                                            |      |   |                                                |   |    |                      |   |   |            |   |   |   |   |   |   |   |
| Commercial, financial and agricultural             |   | $                                               | 559,283   |   |                                                |   | 148,635 |                      |   |   | 189,297         |   |   |   | 49,409 |   |   |   | 99,208 |   |   |   | 1,045,832 |   |
| Real estate construction and development           |   |                                            | 342,389   |   |                                                |   | 12,249  |                      |   |   | 116,492         |   |   |   | 568 |   |   |   | 19,068 |   |   |   | 490,766 |   |
| Real estate mortgage:                              |   |                                            |      |   |                                                |   |    |                      |   |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family residential loans               |   |                                            | 101,377   |   |                                                |   | 74,576  |                      |   |   | 25,203          |   |   |   | 137,358 |   |   |   | 712,381 |   |   |   | 1,050,895 |   |
| Multi-family residential loans                     |   |                                            | 95,811    |   |                                                |   | 24,599  |                      |   |   | 30,823          |   |   |   | 14,494 |   |   |   | 12,562 |   |   |   | 178,289 |   |
| Commercial real estate loans                       |   |                                            | 532,028   |   |                                                |   | 512,814 |                      |   |   | 247,184         |   |   |   | 194,234 |   |   |   | 156,660 |   |   |   | 1,642,920 |   |
| Consumer and installment, net of unearned discount |   |                                            | 11,897    |   |                                                |   | 14,440  |                      |   |   | 2,101           |   |   |   | 554 |   |   |   | 120 |   |   |   | 29,112 |   |
| Loans held for sale                                |   |                                            | 54,470    |   |                                                |   | — |                      |   |   | —         |   |   |   | — |   |   |   | — |   |   |   | 54,470 |   |
| Total loans                                        |   | $                                               | 1,697,255 |   |                                                |   | 787,313 |                      |   |   | 611,100         |   |   |   | 396,617 |   |   |   | 999,999 |   |   |   | 4,492,284 |   |

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|                                             |   | Increase (Decrease) For the Year Ended December 31, |       |
|--------------------------------------------------|--------|----------------------------------------------------------------------------------------|------------|
|                                             |   | 2010                                                                                   |       |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                             |   | (dollars expressed in thousands)                                        |       |
|                                             |   |                                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   |                                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Internal loan volume (decrease) increase         |   | $                                                                                      | (1,339,445 | ) |   |   | (749,712 | ) |   |   | 184,743 |   |   |   | 776,886 |   |   |   | 614,451 |   |
| Loans provided by acquisitions                   |   |                                                                                   | —    |   |   |   | — |   |   |   | — |   |   |   | 693,495 |   |   |   | 545,106 |   |
| Loans and leases sold (1)                        |   |                                                                                   | (245,420   | ) |   |   | (308,034 | ) |   |   | (37,643 | ) |   |   | (72,166 | ) |   |   | (344,687 | ) |
| Loans transferred to assets held for sale        |   |                                                                                   | (794       | ) |   |   | (14,382 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Loans transferred to discontinued operations (2) |   |                                                                                   | (40,265    | ) |   |   | (416,245 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Loans charged-off                                |   |                                                                                   | (331,196   | ) |   |   | (352,723 | ) |   |   | (331,021 | ) |   |   | (65,494 | ) |   |   | (22,203 | ) |
| Loans transferred to other real estate           |   |                                                                                   | (158,889   | ) |   |   | (143,586 | ) |   |   | (109,288 | ) |   |   | (16,269 | ) |   |   | (7,542 | ) |
| Securitization of loans                          |   |                                                                                   | —    |   |   |   | — |   |   |   | — |   |   |   | (102,036 | ) |   |   | (138,944 | ) |
| Total (decrease) increase                        |   | $                                                                                      | (2,116,009 | ) |   |   | (1,984,682 | ) |   |   | (293,209 | ) |   |   | 1,214,416 |   |   |   | 646,181 |   |

| (1) | Loans and leases sold for 2010 include loans associated with our Northern Illinois Region of $137.4 million, as further described in Note 2 to our consolidated financial statements, and other commercial loan sales of $108.0 million. Loans and leases sold for 2009 include loans associated with WIUS, our asset based lending subsidiary and restaurant franchise loans of $141.3 million, $101.5 million and $64.4 million, respectively, in addition to loans associated with our Springfield Branch of $887,000, as further described in Note 2 to our consolidated financial statements. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Loans transferred to discontinued operations for 2010 include loans associated with our Northern Illinois Region of $40.3 million, as further described in Note 2 to our consolidated financial statements. Loans transferred to discontinued operations for 2009 include loans associated with our Chicago Region, Texas Region and WIUS of $311.3 million, $103.4 million and $1.5 million, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                    |   | December 31,                               |      |
|-------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|
|                                                                    |   | 2010                                            |      |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                    |   | (dollars expressed in thousands) |      |
|                                                                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Nonperforming Assets: (1)                                               |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Nonaccrual loans:                                                       |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural                                  |   | $                                               | 67,365    |   |   |   | 41,408 |   |   |   | 40,647 |   |   |   | 5,916 |   |   |   | 9,879 |   |
| Real estate construction and development                                |   |                                            | 134,244   |   |   |   | 407,077 |   |   |   | 270,444 |   |   |   | 151,812 |   |   |   | 13,344 |   |
| One-to-four family residential real estate:                             |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank portfolio                                                          |   |                                            | 14,479    |   |   |   | 13,500 |   |   |   | 10,996 |   |   |   | 3,308 |   |   |   | 3,814 |   |
| Mortgage Division portfolio                                             |   |                                            | 33,386    |   |   |   | 94,433 |   |   |   | 69,122 |   |   |   | 27,727 |   |   |   | 13,696 |   |
| Home equity portfolio                                                   |   |                                            | 7,122     |   |   |   | 4,303 |   |   |   | 3,022 |   |   |   | 1,896 |   |   |   | 1,375 |   |
| Multi-family residential                                                |   |                                            | 12,960    |   |   |   | 14,734 |   |   |   | 545 |   |   |   | — |   |   |   | 272 |   |
| Commercial real estate                                                  |   |                                            | 129,187   |   |   |   | 115,312 |   |   |   | 23,009 |   |   |   | 11,294 |   |   |   | 6,260 |   |
| Consumer and installment                                                |   |                                            | 165       |   |   |   | 337 |   |   |   | — |   |   |   | 263 |   |   |   | 81 |   |
| Total nonaccrual loans                                                  |   |                                            | 398,908   |   |   |   | 691,104 |   |   |   | 417,785 |   |   |   | 202,216 |   |   |   | 48,721 |   |
| Other real estate                                                       |   |                                            | 140,628   |   |   |   | 125,226 |   |   |   | 91,524 |   |   |   | 11,225 |   |   |   | 6,433 |   |
| Other repossessed assets                                                |   |                                            | 37        |   |   |   | 1,685 |   |   |   | 694 |   |   |   | 72 |   |   |   | 54 |   |
| Total nonperforming assets                                              |   | $                                               | 539,573   |   |   |   | 818,015 |   |   |   | 510,003 |   |   |   | 213,513 |   |   |   | 55,208 |   |
|                                                                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans, net of unearned discount                                         |   | $                                               | 4,492,284 |   |   |   | 6,608,293 |   |   |   | 8,592,975 |   |   |   | 8,886,184 |   |   |   | 7,671,768 |   |
|                                                                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performing troubled debt restructurings                                 |   | $                                               | 112,903   |   |   |   | 54,336 |   |   |   | 24,641 |   |   |   | 7 |   |   |   | 9 |   |
|                                                                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans past due 90 days or more and still accruing                       |   | $                                               | 5,523     |   |   |   | 3,807 |   |   |   | 7,094 |   |   |   | 26,753 |   |   |   | 5,653 |   |
|                                                                    |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of:                                                               |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses to loans                                      |   |                                            | 4.48      | % |   |   | 4.03 | % |   |   | 2.56 | % |   |   | 1.89 | % |   |   | 1.90 | % |
| Nonaccrual loans to loans                                               |   |                                            | 8.88      |   |   |   | 10.46 |   |   |   | 4.86 |   |   |   | 2.28 |   |   |   | 0.64 |   |
| Allowance for loan losses to nonaccrual loans                           |   |                                            | 50.40     |   |   |   | 38.55 |   |   |   | 52.71 |   |   |   | 83.27 |   |   |   | 299.11 |   |
| Nonperforming assets to loans, other real estate and repossessed assets |   |                                            | 11.65     |   |   |   | 12.15 |   |   |   | 5.87 |   |   |   | 2.40 |   |   |   | 0.72 |   |

| (1) | During the first quarter of 2010, the Company modified its definition of nonperforming assets to exclude performing troubled debt restructurings because these loans were performing in accordance with the current or modified terms. Prior periods have been adjusted for this reclassification. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|   | Ø | An increase in nonaccrual loans of $26.0 million in our commercial, financial and agricultural portfolio. The increase during 2010 is partially due to a single shared national credit of $12.0 million being placed on nonaccrual status. At December 31, 2010, approximately 6.4% of this portfolio is on nonaccrual status as compared to 2.4% at December 31, 2009; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in nonaccrual loans of $272.8 million in our real estate construction and development loan portfolio driven by gross charge-offs of $143.4 million, transfers to other real estate of $112.5 million and other activity, including the receipt of cash and other consideration of $89.1 million on our former largest nonaccrual loan relationship during the second quarter of 2010, partially offset by additions to nonaccrual loans during the year. Nonaccrual loans at December 31, 2010 include a $23.3 million loan to a St. Louis, Missouri home developer and a $20.6 million commercial construction loan in Northern California. Although the pace of deterioration in this portfolio is slowing due in part to the decline in the total portfolio balance, as previously discussed, we continue to experience deterioration as a result of weak economic conditions and significant declines in real estate values and we expect these trends to continue until market conditions stabilize, both on a nationwide basis and in our primary market areas; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in nonaccrual loans of $61.0 million in our one-to-four family residential real estate Mortgage Division loan portfolio primarily driven by gross charge-offs of $47.5 million, transfers to other real estate and other activity, including modifications of certain nonaccrual loans, partially offset by additions to nonaccrual loans during the year ended December 31, 2010 driven by market conditions and the overall deterioration of Alt A and subprime residential mortgage loan products experienced throughout the mortgage banking industry. As further described under “Business —Strategy,” we are participating in HAMP where deemed economically advantageous to our borrowers and us; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in nonaccrual loans of $13.9 million in our commercial real estate portfolio primarily driven by new additions during the year ended December 31, 2010 resulting from continued weak economic conditions and significant declines in real estate values, partially offset by gross loan charge-offs of $63.3 million and transfers to other real estate of $24.9 million. There is a single $31.1 million nonaccrual credit relationship in our Southern California region at December 31, 2010, which comprises 24.1% of our total commercial real estate nonaccrual loans. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in nonaccrual loans of $761,000 in our commercial, financial and agricultural portfolio. At December 31, 2009, approximately 2.4% of this portfolio is on nonaccrual status; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in commercial, financial and agricultural restructured loans to $18.9 million at December 31, 2009 due to a single credit relationship in our FBBC subsidiary that was considered a troubled debt restructuring. There were no restructured loans in this portfolio as of December 31, 2008; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in nonaccrual loans of $136.6 million in our real estate construction and development loan portfolio driven by asset quality deterioration within this portfolio, including loans with an aggregate balance of $116.9 million to a single borrower in addition to a single loan of $63.8 million to a separate borrower being placed on nonaccrual status in our Southern California region during 2009, partially offset by gross charge-offs of $122.3 million and transfers to other real estate; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | An increase in nonaccrual loans of $25.3 million in our one-to-four family residential real estate Mortgage Division loan portfolio primarily driven by current market conditions and the overall deterioration of Alt A and sub-prime residential mortgage loan products experienced throughout the mortgage banking industry; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in nonaccrual loans of $14.2 million in our multi-family residential loan portfolio primarily driven by continued weak economic conditions and significant declines in real estate values. At December 31, 2009, approximately 6.6% of this portfolio is on nonaccrual status; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in nonaccrual loans of $92.3 million in our commercial real estate portfolio primarily driven by continued weak economic conditions and significant declines in real estate values. At December 31, 2009, approximately 5.1% of this portfolio is on nonaccrual status. Our commercial real estate portfolio of $2.27 billion is approximately 50.5% owner occupied and 49.5% non-owner occupied at December 31, 2009, and approximately 3.9% and 6.5% of our owner occupied and non-owner occupied commercial real estate portfolio, respectively, is on nonaccrual status at December 31, 2009; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in other real estate of $33.7 million primarily driven by foreclosures of real estate construction and development loans throughout 2009, partially offset by write-downs of other real estate of $37.4 million during 2009 attributable to declining real estate values and sales of other real estate properties of $66.7 million. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                           |   | December 31,                               |    |
|--------------------------------|--------|-------------------------------------------------|---------|
|                           |   | 2010                                            |    |   | 2009 |   |
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                                            |    |   |   |   |
| Mortgage Division              |   | $                                               | 41,686  |   |   |   | 104,633 |   |
| Florida                        |   |                                            | 15,243  |   |   |   | 27,211 |   |
| Northern California            |   |                                            | 62,339  |   |   |   | 63,528 |   |
| Southern California            |   |                                            | 143,522 |   |   |   | 265,794 |   |
| Chicago                        |   |                                            | 71,882  |   |   |   | 119,436 |   |
| Missouri                       |   |                                            | 99,161  |   |   |   | 112,837 |   |
| Texas                          |   |                                            | 60,967  |   |   |   | 78,389 |   |
| Northern and Southern Illinois |   |                                            | 21,372  |   |   |   | 21,807 |   |
| Other                          |   |                                            | 23,401  |   |   |   | 24,380 |   |
| Total nonperforming assets     |   | $                                               | 539,573 |   |   |   | 818,015 |   |

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|                                          |   | December 31,                               |    |   | December 31, |   |
|-----------------------------------------------|--------|-------------------------------------------------|---------|--------|-------------------|--------|
|                                          |   | 2010                                            |    |   | 2009              |   |
|                                          |   | (dollars expressed in thousands) |    |
|                                          |   |                                            |    |   |              |   |
| Commercial, financial and agricultural        |   | $                                               | — |   |              |   | 18,864 |   |
| Real estate construction and development      |   |                                            | 3,145   |   |              |   | — |   |
| Real estate mortgage:                         |   |                                            |    |   |              |   |   |   |
| One-to-four family residential                |   |                                            | 91,329  |   |              |   | 35,472 |   |
| Commercial real estate                        |   |                                            | 18,429  |   |              |   | — |   |
| Total performing troubled debt restructurings |   | $                                               | 112,903 |   |              |   | 54,336 |   |

|                                     |   | December 31,                               |    |   | December 31, |   |
|------------------------------------------|--------|-------------------------------------------------|---------|--------|-------------------|--------|
|                                     |   | 2010                                            |    |   | 2009              |   |
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                                            |    |   |              |   |
| Commercial, financial and agricultural   |   | $                                               | 100,383 |   |              |   | 98,841 |   |
| Real estate construction and development |   |                                            | 128,227 |   |              |   | 134,939 |   |
| Real estate mortgage:                    |   |                                            |    |   |              |   |   |   |
| One-to-four family residential           |   |                                            | 43,013  |   |              |   | 24,573 |   |
| Multi-family residential                 |   |                                            | 5,584   |   |              |   | 11,085 |   |
| Commercial real estate                   |   |                                            | 95,933  |   |              |   | 76,160 |   |
| Total potential problem loans            |   | $                                               | 373,140 |   |              |   | 345,598 |   |

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|                              |   | December 31,                               |    |   | December 31, |   |
|-----------------------------------|--------|-------------------------------------------------|---------|--------|-------------------|--------|
|                              |   | 2010                                            |    |   | 2009              |   |
|                              |   | (dollars expressed in thousands) |    |
|                              |   |                                            |    |   |              |   |
| Mortgage Division                 |   | $                                               | 9,859   |   |              |   | 21,874 |   |
| Florida                           |   |                                            | 2,783   |   |              |   | 2,414 |   |
| Northern California               |   |                                            | 64,601  |   |              |   | 62,002 |   |
| Southern California               |   |                                            | 106,526 |   |              |   | 68,256 |   |
| Chicago                           |   |                                            | 15,030  |   |              |   | 21,197 |   |
| Missouri                          |   |                                            | 91,813  |   |              |   | 114,665 |   |
| Texas                             |   |                                            | 27,028  |   |              |   | 24,947 |   |
| First Bank Business Capital, Inc. |   |                                            | 18,992  |   |              |   | — |   |
| Northern and Southern Illinois    |   |                                            | 32,548  |   |              |   | 20,094 |   |
| Other                             |   |                                            | 3,960   |   |              |   | 10,149 |   |
| Total potential problem loans     |   | $                                               | 373,140 |   |              |   | 345,598 |   |

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|   | Ø | The downward migration of performing loans to more severe risk ratings that carry a higher reserve allocation, including the risk rating for potential problem loans; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in historical loss ratios used to determine estimated credit losses by loan type as a result of an increase in recent charge-off experience; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The increase in our potential problem loans, which generally resulted in a higher allowance for loan losses being applied to these loans; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Significant payoffs of higher credit quality loans during 2010 which carried lower allowance for loan loss allocations; partially offset by |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The decrease in our nonaccrual loans during 2010. |
|--------|--------|---------------------------------------------------|

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Table of Contents

|                                                                   |   | As of or For the Years Ended December 31, |      |
|------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|-----------|
|                                                                   |   | 2010                                                                              |      |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                   |   | (dollars expressed in thousands)                                   |      |
|                                                                   |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses, beginning of year                           |   | $                                                                                 | 266,448   |   |   |   | 220,214 |   |   |   | 168,391 |   |   |   | 145,729 |   |   |   | 135,330 |   |
| Acquired allowances for loan losses                                    |   |                                                                              | —   |   |   |   | — |   |   |   | — |   |   |   | 14,425 |   |   |   | 5,208 |   |
| Allowance for loan losses allocated to loans sold                      |   |                                                                              | (321      | ) |   |   | (4,725 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                                   |   |                                                                              | 266,127   |   |   |   | 215,489 |   |   |   | 168,391 |   |   |   | 160,154 |   |   |   | 140,538 |   |
|                                                                   |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans charged-off:                                                     |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural                                 |   |                                                                              | (52,072   | ) |   |   | (104,648 | ) |   |   | (21,931 | ) |   |   | (13,212 | ) |   |   | (7,512 | ) |
| Real estate construction and development                               |   |                                                                              | (143,394  | ) |   |   | (122,303 | ) |   |   | (236,715 | ) |   |   | (15,203 | ) |   |   | (6,202 | ) |
| Real estate mortgage:                                                  |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family residential loans:                                  |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank portfolio                                                         |   |                                                                              | (5,274    | ) |   |   | (5,820 | ) |   |   | (9,209 | ) |   |   | (1,647 | ) |   |   | (742 | ) |
| Mortgage Division portfolio                                            |   |                                                                              | (47,525   | ) |   |   | (71,528 | ) |   |   | (54,796 | ) |   |   | (28,671 | ) |   |   | (2,959 | ) |
| Home equity portfolio                                                  |   |                                                                              | (9,409    | ) |   |   | (6,298 | ) |   |   | (3,241 | ) |   |   | (1,531 | ) |   |   | (78 | ) |
| Multi-family residential loans                                         |   |                                                                              | (9,266    | ) |   |   | (508 | ) |   |   | (19 | ) |   |   | (76 | ) |   |   | (241 | ) |
| Commercial real estate loans                                           |   |                                                                              | (63,259   | ) |   |   | (40,255 | ) |   |   | (3,244 | ) |   |   | (3,764 | ) |   |   | (3,635 | ) |
| Consumer and installment                                               |   |                                                                              | (997      | ) |   |   | (1,363 | ) |   |   | (1,866 | ) |   |   | (1,390 | ) |   |   | (834 | ) |
| Total                                                                  |   |                                                                              | (331,196  | ) |   |   | (352,723 | ) |   |   | (331,021 | ) |   |   | (65,494 | ) |   |   | (22,203 | ) |
| Recoveries of loans previously charged-off:                            |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural                                 |   |                                                                              | 37,776    |   |   |   | 1,983 |   |   |   | 7,226 |   |   |   | 5,176 |   |   |   | 5,968 |   |
| Real estate construction and development                               |   |                                                                              | 5,256     |   |   |   | 2,065 |   |   |   | 5,705 |   |   |   | 307 |   |   |   | 1,661 |   |
| Real estate mortgage:                                                  |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family residential loans:                                  |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank portfolio                                                         |   |                                                                              | 331       |   |   |   | 539 |   |   |   | 500 |   |   |   | 361 |   |   |   | 316 |   |
| Mortgage Division portfolio                                            |   |                                                                              | 4,634     |   |   |   | 2,930 |   |   |   | 626 |   |   |   | 491 |   |   |   | 680 |   |
| Home equity portfolio                                                  |   |                                                                              | 264       |   |   |   | 62 |   |   |   | 54 |   |   |   | 12 |   |   |   | 70 |   |
| Multi-family residential loans                                         |   |                                                                              | 14        |   |   |   | 5 |   |   |   | 5 |   |   |   | 9 |   |   |   | — |   |
| Commercial real estate loans                                           |   |                                                                              | 3,370     |   |   |   | 5,843 |   |   |   | 401 |   |   |   | 1,588 |   |   |   | 6,048 |   |
| Consumer and installment                                               |   |                                                                              | 457       |   |   |   | 255 |   |   |   | 327 |   |   |   | 731 |   |   |   | 651 |   |
| Total                                                                  |   |                                                                              | 52,102    |   |   |   | 13,682 |   |   |   | 14,844 |   |   |   | 8,675 |   |   |   | 15,394 |   |
| Net loans charged-off                                                  |   |                                                                              | (279,094  | ) |   |   | (339,041 | ) |   |   | (316,177 | ) |   |   | (56,819 | ) |   |   | (6,809 | ) |
| Provision for loan losses                                              |   |                                                                              | 214,000   |   |   |   | 390,000 |   |   |   | 368,000 |   |   |   | 65,056 |   |   |   | 12,000 |   |
| Allowance for loan losses, end of year                                 |   | $                                                                                 | 201,033   |   |   |   | 266,448 |   |   |   | 220,214 |   |   |   | 168,391 |   |   |   | 145,729 |   |
|                                                                   |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans outstanding, net of unearned discount:                           |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                                                                |   | $                                                                                 | 5,520,775 |   |   |   | 7,333,973 |   |   |   | 8,239,601 |   |   |   | 7,513,061 |   |   |   | 7,118,545 |   |
| End of year                                                            |   |                                                                              | 4,492,284 |   |   |   | 6,608,293 |   |   |   | 8,592,975 |   |   |   | 8,886,184 |   |   |   | 7,671,768 |   |
| End of year, excluding loans held for sale                             |   |                                                                              | 4,437,814 |   |   |   | 6,565,609 |   |   |   | 8,554,255 |   |   |   | 8,820,105 |   |   |   | 7,455,441 |   |
|                                                                   |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of allowance for loan losses to loans outstanding:               |   |                                                                              |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                                                                |   |                                                                              | 3.64      | % |   |   | 3.63 | % |   |   | 2.67 | % |   |   | 2.24 | % |   |   | 2.05 | % |
| End of year                                                            |   |                                                                              | 4.48      |   |   |   | 4.03 |   |   |   | 2.56 |   |   |   | 1.89 |   |   |   | 1.90 |   |
| End of year, excluding loans held for sale                             |   |                                                                              | 4.53      |   |   |   | 4.06 |   |   |   | 2.57 |   |   |   | 1.91 |   |   |   | 1.95 |   |
| Ratio of net charge-offs to average loans outstanding                  |   |                                                                              | 5.06      |   |   |   | 4.62 |   |   |   | 3.84 |   |   |   | 0.76 |   |   |   | 0.10 |   |
| Ratio of current year recoveries to preceding year’s charge-offs |   |                                                                              | 14.77     |   |   |   | 4.13 |   |   |   | 22.66 |   |   |   | 39.07 |   |   |   | 46.48 |   |

|   | Ø | A decrease in net loan charge-offs of $88.4 million associated with our commercial, financial and agricultural portfolio to $14.3 million in 2010, compared to $102.7 million in 2009. Specifically in this portfolio, during the third quarter of 2010, we recorded a $5.2 million charge-off on a loan relationship with a related operating loss of $13.6 million as further discussed under “—Noninterest Expense.” In 2009, we recorded $18.5 million in aggregate loan charge-offs on a single credit in our FBBC subsidiary, as well as a $10.7 million loan charge-off on a single credit in our Northern California region that went on nonaccrual status during 2009, and $30.0 million in aggregate loan charge-offs on a single credit in our Southern California region that went on nonaccrual status during 2009. During 2010, we recorded a $25.0 million recovery on the credit in our Southern California region on which we recorded $30.0 million in aggregate loan charge-offs in 2009. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|   | Ø | An increase in net loan charge-offs of $17.9 million associated with our real estate construction and development portfolio to $138.1 million in 2010, compared to $120.2 million in 2009. Net loan charge-offs for 2010 include charge-offs of $24.5 million, $11.5 million and $7.5 million on three credit relationships in our Southern California region and a $9.7 million charge-off on a credit relationship in our St. Louis region. Net loan charge-offs for 2009 include a $12.1 million loan charge-off on a credit relationship in our Southern California region and a $9.0 million charge-off on a credit relationship in our St. Louis region. We continue to experience significant distress and unstable market conditions throughout our market areas, resulting in increased developer inventories, slower lot and home sales and declining real estate values. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in net loan charge-offs of $23.1 million associated with our one-to-four family residential loan portfolio to $57.0 million in 2010, compared to $80.1 million in 2009. These net loan charge-offs primarily consist of $42.9 million associated with our Mortgage Division one-to-four family residential mortgage portfolio in 2010, compared to $68.6 million in 2009. The decrease in net loan charge-offs in our Mortgage Division in 2010 is reflective of the declining portfolio balance and the substantial decrease in nonaccrual loans during 2010, in addition to improving delinquency trends. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in net loan charge-offs of $8.7 million associated with our multi-family residential loan portfolio to $9.3 million in 2010, compared to $503,000 in 2009. During 2010, we recorded loan charge-offs of $2.8 million and $1.4 million on two credit relationships in our St. Louis region and a $2.0 million charge-off on a credit relationship in our Chicago region. There were no significant charge-offs in this portfolio in 2009. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | An increase in net loan charge-offs of $25.5 million associated with our commercial real estate portfolio to $59.9 million in 2010, compared to $34.4 million in 2009, reflecting declining market conditions in commercial real estate, in particular our non-owner occupied commercial real estate portfolio. During 2010, we recorded loan charge-offs of $7.3 million and $2.8 million on two credit relationships in our Southern California region. During 2009, we recorded a $7.9 million loan charge-off on a credit relationship in our Chicago region and a $3.5 million charge-off on a credit relationship in our St. Louis region. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              |   | For the Years Ended              |    |
|-----------------------------------|--------|-------------------------------------------------|---------|
|                              |   | December 31,                               |    |
|                              |   | 2010                                            |    |   | 2009 |   |
|                              |   | (dollars expressed in thousands) |    |
|                              |   |                                            |    |   |   |   |
| Mortgage Division                 |   | $                                               | 42,891  |   |   |   | 68,599 |   |
| Florida                           |   |                                            | 9,423   |   |   |   | 18,578 |   |
| Northern California               |   |                                            | 20,680  |   |   |   | 47,833 |   |
| Southern California               |   |                                            | 64,487  |   |   |   | 83,135 |   |
| Chicago                           |   |                                            | 43,755  |   |   |   | 52,238 |   |
| Missouri                          |   |                                            | 51,191  |   |   |   | 20,035 |   |
| Texas                             |   |                                            | 24,660  |   |   |   | 10,755 |   |
| First Bank Business Capital, Inc. |   |                                            | 385     |   |   |   | 21,519 |   |
| Northern and Southern Illinois    |   |                                            | 4,281   |   |   |   | 5,065 |   |
| Other                             |   |                                            | 17,341  |   |   |   | 11,284 |   |
| Total net loan charge-offs        |   | $                                               | 279,094 |   |   |   | 339,041 |   |

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Table of Contents

|   | Ø | Changes in the aggregate loan balances by loan category; |
|--------|--------|----------------------------------------------------------|

|   | Ø | Changes in the identified risk in individual loans in our loan portfolio over time, excluding those homogeneous categories of loans such as consumer and installment loans and residential real estate mortgage loans for which risk ratings are changed based on payment performance; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Changes in historical loss data as a result of recent charge-off experience by loan type; and |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | Ø | Changes in qualitative factors such as changes in economic conditions, the volume of nonaccrual and potential problem loans by loan category and geographical location and changes in the value of the underlying collateral for collateral-dependent loans. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                     |   | 2010                                            |    |   | 2009                                             |   |   | 2008   |   |   | 2007                                             |   |   | 2006   |   |
|------------------------------------------|--------|-------------------------------------------------|---------|--------|--------------------------------------------------|--------|--------|--------|--------|--------|--------------------------------------------------|--------|--------|--------|--------|
|                                     |   | Amount                                          |    |   | PercentofCategoryof Loansto TotalLoans |   |   | Amount |   |   | PercentofCategoryof Loansto TotalLoans |   |   | Amount |   |   | PercentofCategoryof Loansto TotalLoans |   |   | Amount |   |   | PercentofCategoryof Loansto TotalLoans |   |   | Amount |   |   | PercentofCategoryof Loansto TotalLoans |   |
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                                            |    |   |                                             |   |   |   |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural   |   | $                                               | 28,000  |   |                                             |   | 23.28  | %      |   | $      | 42,533                                           |   |   |   | 25.62  | % |   | $ | 56,592 |   |   |   | 29.97 | % |   | $ | 41,513 |   |   |   | 26.81 | % |   | $ | 48,060 |   |   |   | 25.22 | % |
| Real estate construction and development |   |                                            | 58,439  |   |                                             |   | 10.93  |   |   |   | 90,006                                           |   |   |   | 15.93  |   |   |   | 72,840 |   |   |   | 18.30 |   |   |   | 67,034 |   |   |   | 24.10 |   |   |   | 40,410 |   |   |   | 23.89 |   |
| Real estate mortgage:                    |   |                                            |    |   |                                             |   |   |   |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One-to-four family residential loans     |   |                                            | 60,762  |   |                                             |   | 23.39  |   |   |   | 78,593                                           |   |   |   | 19.36  |   |   |   | 37,742 |   |   |   | 18.08 |   |   |   | 16,312 |   |   |   | 18.03 |   |   |   | 13,308 |   |   |   | 16.56 |   |
| Multi-family residential loans           |   |                                            | 5,158   |   |                                             |   | 3.97   |   |   |   | 5,108                                            |   |   |   | 3.38   |   |   |   | 4,243 |   |   |   | 2.56 |   |   |   | 2,983 |   |   |   | 2.00 |   |   |   | 95 |   |   |   | 1.84 |   |
| Commercial real estate loans             |   |                                            | 47,880  |   |                                             |   | 36.57  |   |   |   | 49,189                                           |   |   |   | 34.34  |   |   |   | 47,663 |   |   |   | 29.82 |   |   |   | 39,634 |   |   |   | 27.36 |   |   |   | 41,833 |   |   |   | 28.72 |   |
| Consumer and installment                 |   |                                            | 794     |   |                                             |   | 0.65   |   |   |   | 1,019                                            |   |   |   | 0.73   |   |   |   | 342 |   |   |   | 0.82 |   |   |   | 835 |   |   |   | 0.96 |   |   |   | 1,035 |   |   |   | 0.95 |   |
| Loans held for sale                      |   |                                            | — |   |                                             |   | 1.21   |   |   |   | —                                          |   |   |   | 0.64   |   |   |   | 792 |   |   |   | 0.45 |   |   |   | 80 |   |   |   | 0.74 |   |   |   | 988 |   |   |   | 2.82 |   |
| Total                                    |   | $                                               | 201,033 |   |                                             |   | 100.00 | %      |   | $      | 266,448                                          |   |   |   | 100.00 | % |   | $ | 220,214 |   |   |   | 100.00 | % |   | $ | 168,391 |   |   |   | 100.00 | % |   | $ | 145,729 |   |   |   | 100.00 | % |

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|                                     |   | December 31, |   |
|------------------------------------------|--------|-------------------|--------|
|                                     |   | 2010              |   |   | 2009 |   |
|                                     |   |              |   |   |   |   |
| Commercial, financial and agricultural   |   |              | 2.68   | % |   |   | 2.51 | % |
| Real estate construction and development |   |              | 11.91  |   |   |   | 8.55 |   |
| Real estate mortgage:                    |   |              |   |   |   |   |   |   |
| One-to-four family residential loans     |   |              | 5.78   |   |   |   | 6.14 |   |
| Multi-family residential loans           |   |              | 2.89   |   |   |   | 2.29 |   |
| Commercial real estate loans             |   |              | 2.91   |   |   |   | 2.17 |   |
| Consumer and installment                 |   |              | 2.73   |   |   |   | 2.11 |   |
| Total                                    |   |              | 4.48   |   |   |   | 4.03 |   |

|                       |   | YearEnded December 31,                |      |
|----------------------------|--------|-------------------------------------------------|-----------|
|                       |   | 2010                                            |      |   | 2009 |   |   | 2008 |   |
|                       |   |                                            |      |   | Percent |   |   |   |   |   |   |   |   | Percent |   |   |   |   |   |   |   |   | Percent |   |   |   |   |
|                       |   |                                            |      |   | of |   |   |   |   |   |   |   |   | of |   |   |   |   |   |   |   |   | of |   |   |   |   |
|                       |   | Amount                                          |      |   | Deposits |   |   | Rate |   |   | Amount |   |   | Deposits |   |   | Rate |   |   | Amount |   |   | Deposits |   |   | Rate |   |
|                       |   | (dollars expressed in thousands) |      |
|                       |   |                                            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand |   | $                                               | 1,154,291 |   |   |   | 17.6 | % |   |   | — | % |   | $ | 1,094,279 |   |   |   | 16.8 | % |   |   | — | % |   | $ | 990,924 |   |   |   | 15.0 | % |   |   | — | % |
| Interest-bearing demand    |   |                                            | 909,049   |   |   |   | 13.8 |   |   |   | 0.16 |   |   |   | 824,928 |   |   |   | 12.7 |   |   |   | 0.19 |   |   |   | 820,213 |   |   |   | 12.4 |   |   |   | 0.55 |   |
| Savings and money market   |   |                                            | 2,176,680 |   |   |   | 33.1 |   |   |   | 0.69 |   |   |   | 2,196,597 |   |   |   | 33.8 |   |   |   | 1.06 |   |   |   | 2,175,512 |   |   |   | 33.0 |   |   |   | 2.08 |   |
| Time deposits              |   |                                            | 2,333,270 |   |   |   | 35.5 |   |   |   | 1.80 |   |   |   | 2,382,722 |   |   |   | 36.7 |   |   |   | 2.89 |   |   |   | 2,610,052 |   |   |   | 39.6 |   |   |   | 3.76 |   |
| Total average deposits     |   | $                                               | 6,573,290 |   |   |   | 100.0 | % |   |   |   |   |   | $ | 6,498,526 |   |   |   | 100.0 | % |   |   |   |   |   | $ | 6,596,701 |   |   |   | 100.0 | % |   |   |   |   |

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|                |   | December 31, |   |   | December 31, |   |
|---------------------|--------|-------------------|--------|--------|-------------------|--------|
|                |   | 2010              |   |   | 2009              |   |
|                |   |              |   |   |              |   |
| First Bank:         |   |              |   |   |              |   |
| Total Capital Ratio |   |              | 12.95  | %      |              |   | 10.39 | % |
| Tier 1 Ratio        |   |              | 11.66  |   |              |   | 9.11 |   |
| Leverage Ratio      |   |              | 7.40   |   |              |   | 6.56 |   |
|                |   |              |   |   |              |   |   |   |
| First Banks, Inc.:  |   |              |   |   |              |   |   |   |
| Total Capital Ratio |   |              | 6.29   |   |              |   | 9.78 |   |
| Tier 1 Ratio        |   |              | 3.15   |   |              |   | 4.89 |   |
| Leverage Ratio      |   |              | 1.99   |   |              |   | 3.52 |   |

| Name of Trust          |   | Date of TrustFormation |   | Type of Offering |   | InterestRate |   | PreferredSecurities |   |       | SubordinatedDebentures |   |
|----------------------------------|--------|----------------------------------|--------|----------------------------|--------|--------------|--------|---------------------|--------|------------|------------------------|--------|
|                             |   |                             |   |                       |   |         |   |                |   |       |                   |   |   |
| First Preferred Capital Trust IV |   | January 2003                     |   | Publicly Underwritten      |   | 8.15         | %      |                | $      | 46,000,000 |                   |   | $ | 47,422,700 |   |
| First Bank Statutory Trust       |   | March 2003                       |   | Private Placement          |   | 8.10         | %      |                |   | 25,000,000 |                   |   |   | 25,774,000 |   |
| First Bank Statutory Trust II    |   | September 2004                   |   | Private Placement          |   | Variable     |   |                |   | 20,000,000 |                   |   |   | 20,619,000 |   |
| Royal Oaks Capital Trust I       |   | October 2004                     |   | Private Placement          |   | Variable     |   |                |   | 4,000,000  |                   |   |   | 4,124,000 |   |
| First Bank Statutory Trust III   |   | November 2004                    |   | Private Placement          |   | Variable     |   |                |   | 40,000,000 |                   |   |   | 41,238,000 |   |
| First Bank Statutory Trust IV    |   | February 2006                    |   | Private Placement          |   | Variable     |   |                |   | 40,000,000 |                   |   |   | 41,238,000 |   |
| First Bank Statutory Trust V     |   | April 2006                       |   | Private Placement          |   | Variable     |   |                |   | 20,000,000 |                   |   |   | 20,619,000 |   |
| First Bank Statutory Trust VI    |   | June 2006                        |   | Private Placement          |   | Variable     |   |                |   | 25,000,000 |                   |   |   | 25,774,000 |   |
| First Bank Statutory Trust VII   |   | December 2006                    |   | Private Placement          |   | Variable     |   |                |   | 50,000,000 |                   |   |   | 51,547,000 |   |
| First Bank Statutory Trust VIII  |   | February 2007                    |   | Private Placement          |   | Variable     |   |                |   | 25,000,000 |                   |   |   | 25,774,000 |   |
| First Bank Statutory Trust X     |   | August 2007                      |   | Private Placement          |   | Variable     |   |                |   | 15,000,000 |                   |   |   | 15,464,000 |   |
| First Bank Statutory Trust IX    |   | September 2007                   |   | Private Placement          |   | Variable     |   |                |   | 25,000,000 |                   |   |   | 25,774,000 |   |
| First Bank Statutory Trust XI    |   | September 2007                   |   | Private Placement          |   | Variable     |   |                |   | 10,000,000 |                   |   |   | 10,310,000 |   |

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|   | Ø | The sale of our Chicago Region on February 19, 2010, resulting in a cash outflow of $832.5 million; |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | Ø | The sale of our Texas Region on April 30, 2010, resulting in a cash outflow of $352.9 million; |
|--------|--------|------------------------------------------------------------------------------------------------|

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|   | Ø | The sale of 11 branch offices in our Northern Illinois Region in September 2010, resulting in a cash outflow of $203.5 million; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The sale of our Lawrenceville Branch on January 22, 2010, resulting in a cash outflow of $8.3 million; |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | Ø | A net increase in our investment securities portfolio of $952.8 million during 2010; |
|--------|--------|--------------------------------------------------------------------------------------|

|   | Ø | A decrease in our deposit balances of approximately $150.1 million, excluding the impact of the divestitures of the Chicago, Texas and Northern Illinois Regions, and the Lawrenceville Branch; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The prepayment of $600.0 million of FHLB advances during 2010. In March 2010, funds available from short-term investments were utilized to prepay two $100.0 million FHLB advances that were scheduled to mature in April 2010 and July 2010, resulting in prepayment penalties of $281,000, in aggregate. During the third quarter of 2010, we prepaid an additional two $100.0 million FHLB advances that were scheduled to mature in April 2011 and July 2011, resulting in prepayment penalties of $1.9 million. During the fourth quarter of 2010, we prepaid an additional two $100.0 million FHLB advances that were scheduled to mature in August 2012 and September 2016, resulting in prepayment penalties of $3.2 million; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The prepayment of our $120.0 million term repurchase agreement during the fourth quarter of 2010 that was scheduled to mature in April 2012, resulting in an early termination fee of $5.5 million. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A decrease in loans of $1.47 billion, exclusive of net loan charge-offs, transfers to other real estate and the impact of the divestitures of the Chicago, Texas and Northern Illinois Regions, and the Lawrenceville Branch; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The termination of our remaining BOLI policies during 2010, resulting in the receipt of cash proceeds from the surrender of the policies of approximately $25.9 million; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Sales of other real estate properties resulting in the receipt of cash proceeds from these sales of approximately $108.3 million; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The redemption of $7.8 million of FRB stock associated with the reduction in our total assets and $27.3 million of FHLB stock associated with the prepayment of $600.0 million of FHLB advances during 2010. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                  |   | Certificates ofDeposit of$100,000 or More |    |   | OtherBorrowings |   |    | Total  |   |
|---------------------------------------|--------|---------------------------------------------------------------|---------|--------|-----------------|--------|---------|--------|--------|
|                                  |   | (dollars expressed in thousands)               |    |
|                                  |   |                                                          |    |   |            |   |    |   |   |
| Three months or less                  |   | $                                                             | 279,875 |   |            |   | 31,761  |   |   |   | 311,636 |   |
| Over three months through six months  |   |                                                          | 174,884 |   |            |   | — |   |   |   | 174,884 |   |
| Over six months through twelve months |   |                                                          | 240,733 |   |            |   | — |   |   |   | 240,733 |   |
| Over twelve months                    |   |                                                          | 133,159 |   |            |   | — |   |   |   | 133,159 |   |
| Total                                 |   | $                                                             | 828,651 |   |            |   | 31,761  |   |   |   | 860,412 |   |

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|   | Ø | First Bank continues to experience net losses and, accordingly, is unable or prohibited by its regulators to pay a dividend to the Company sufficient to satisfy the Company’s operating cash flow needs. The Company’s ability to receive future dividends from First Bank to assist the Company in meeting its operating requirements, both on a short-term and long-term basis, is currently subject to regulatory approval, as further described above and under “—Supervision and Regulation – Regulatory Agreements;” |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | We deem it advisable, or are required by the FRB, to use cash maintained by the Company to support the capital position of First Bank; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | First Bank fails to remain “well-capitalized” and, accordingly, First Bank is required to pledge additional collateral against its borrowings and is unable to do so. As discussed above and more fully described in Note 10 to the consolidated financial statements, First Bank prepaid all of its $600.0 million FHLB advances outstanding during 2010; or |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The Company has difficulty raising cash through the future issuance of debt or equity instruments or by accessing additional sources of credit. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|                                         |   | Less Than 1Year                       |      |   | 1-3 Years |   |    | 3-5 Years |   |   | Over 5 Years |   |   | Total (1) |    |
|----------------------------------------------|--------|-------------------------------------------------|-----------|--------|----------------|--------|---------|----------------|--------|--------|------------------------|--------|--------|----------------|---------|
|                                         |   | (dollars expressed in thousands) |      |
|                                         |   |                                            |      |   |           |   |    |           |   |   |                   |   |   |           |    |
| Operating leases (2)                         |   | $                                               | 12,920    |   |           |   | 19,991  |           |   |   | 12,489                 |   |   |           | 34,043  |   |   |   | 79,443 |   |
| Certificates of deposit (3)                  |   |                                            | 1,766,061 |   |           |   | 381,882 |           |   |   | 16,429                 |   |   |           | 101     |   |   |   | 2,164,473 |   |
| Other borrowings (3)                         |   |                                            | 31,761    |   |           |   | — |           |   |   | —                |   |   |           | — |   |   |   | 31,761 |   |
| Subordinated debentures (4)                  |   |                                            | —   |   |           |   | — |           |   |   | —                |   |   |           | 353,981 |   |   |   | 353,981 |   |
| Preferred stock issued under the CPP (4) (5) |   |                                            | —   |   |           |   | — |           |   |   | —                |   |   |           | 310,170 |   |   |   | 310,170 |   |
| Other contractual obligations                |   |                                            | 722       |   |           |   | 337     |           |   |   | 7                      |   |   |           | 2       |   |   |   | 1,068 |   |
| Total                                        |   | $                                               | 1,811,464 |   |           |   | 402,210 |           |   |   | 28,925                 |   |   |           | 698,297 |   |   |   | 2,940,896 |   |

| (1) | Amounts exclude ASC Topic 740 unrecognized tax liabilities of $1.3 million and related accrued interest expense of $180,000 for which the timing of payment of such liabilities cannot be reasonably estimated as of December 31, 2010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Amounts exclude operating leases associated with discontinued operations of $129,000, $282,000, $282,000 and $129,000 for less than 1 year, 1-3 years, 3-5 years and over 5 years, respectively, or a total of $822,000. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Amounts exclude the related accrued interest expense on certificates of deposit and other borrowings of $2.0 million and zero, respectively, as of December 31, 2010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Amounts exclude the accrued interest expense on junior subordinated debentures and the accrued dividends declared on preferred stock issued under the CPP of $19.6 million and $25.1 million, respectively, as of December 31, 2010. As further described under “3⁄4Supervision and Review – Regulatory Agreements,” we currently may not make any distributions of interest or other sums on our junior subordinated debentures and related underlying trust preferred securities without the prior approval of the FRB. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Represents amounts payable upon redemption of the Class C Preferred Stock and Class D Preferred Stock issued under the CPP of $295.4 million and $14.8 million, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | A significant change in legal factors or in the business climate; |
|--------|--------|-------------------------------------------------------------------|

|   | Ø | An adverse action or assessment by a regulator; |
|--------|--------|-------------------------------------------------|

|   | Ø | Unanticipated competition; |
|--------|--------|----------------------------|

|   | Ø | A loss of key personnel; |
|--------|--------|--------------------------|

|   | Ø | A more-likely-than-not expectation that our reporting unit or a significant portion of our reporting unit will be sold or otherwise disposed of; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | The testing for recoverability of a significant asset group within a reporting unit. |
|--------|--------|--------------------------------------------------------------------------------------|

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7A.

| Item 8. | Financial Statements and Supplementary Data |
|---------|---------------------------------------------|

| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure |
|---------|--------------------------------------------------------------------------------------|

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9A.

9B. 

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10. 

| Name                      |   | Age    |   | DirectorSince |   | Principal Occupation(s) During Last Five Yearsand Directorships of Public Companies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------------------------|--------|--------|--------|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| James F. Dierberg         |   | 73     |   | 1979          |   | Chairman of the Board of Directors of First Banks, Inc. since 1988; Chief Executive Officer of First Banks, Inc. from 1988 to April 2003; President of First Banks, Inc. from 1979 to 1992 and from 1994 to October 1999.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                      |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Terrance M. McCarthy      |   | 56     |   | 2003          |   | President and Chief Executive Officer of First Banks, Inc. since April 2007; Senior Executive Vice President and Chief Operating Officer of First Banks, Inc. from August 2002 to March 2007; Chairman of the Board of Directors of First Bank since January 2003; President and Chief Executive Officer of First Bank from August 2002 to June 2007 and since April 22, 2009; Executive Vice President of First Bank from June 2007 to April 22, 2009. The Board and voting shareholders considered these qualifications in addition to his prior service as Chief Operating Officer of the Company and President of First Bank, and his current position and experience with the Company in making a determination that Mr. McCarthy should be a nominee for director of the Company.                                                                                                                                                                   |
|                      |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Allen H. Blake (1)        |   | 68     |   | 2008          |   | Director of First Banks, Inc. since December 2008 and from 1988 to March 2007; Director of First Bank since December 2008; Prior to Mr. Blake’s announcement of his retirement and resignation of his positions at First Banks, Inc., effective March 31, 2007, Mr. Blake served in the following positions: President of First Banks, Inc. from October 1999 to March 2007; Chief Executive Officer of First Banks, Inc. from April 2003 to March 2007; and Chief Financial Officer of First Banks, Inc. from 1984 to September 1999 and from May 2001 to August 2005. The Board and voting shareholders considered these qualifications in addition to his significant financial and accounting expertise, prior service as Chief Executive Officer and Chief Financial Officer of the Company and experience with the Company and the banking industry in making a determination that Mr. Blake should be a nominee for director of the Company. |
|                      |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| James A. Cooper (1)(2)(3) |   | 55     |   | 2008          |   | Managing Partner of Thompson Street Capital Partners, a private equity firm with investments in middle-market manufacturing, service and distribution businesses, in St. Louis, Missouri, since 2000; Director of Thermon Group, Inc.; Director of Thermon Group Holdings, Inc.; Director of Thermon Holding Corporation. The Board and voting shareholders considered these qualifications in addition to his investment management expertise, financial expertise and stature in the local community in making a determination that Mr. Cooper should be a nominee for director of the Company.                                                                                                                                                                                                                                                                                                                                                         |

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| Name                        |   | Age    |   | DirectorSince |   | Principal Occupation(s) During Last Five Yearsand Directorships of Public Companies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------------------------|--------|--------|--------|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| David L. Steward (1)(2)     |   | 59     |   | 2000          |   | Chairman of the Board of Directors of World Wide Technology Holding Co., Inc., an electronic procurement and logistics company in the information technology industry, in St. Louis, Missouri, since 1990; Director of Centene Corporation. The Board and voting shareholders considered these qualifications in addition to his significant management expertise and stature in the local community in making a determination that Mr. Steward should be a nominee for director of the Company.                                                                                                                                                                                                                                                                                                             |
|                        |   |   |   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Douglas H. Yaeger (1)(2)(4) |   | 62     |   | 2000          |   | Chairman of the Board of Directors, President and Chief Executive Officer of The Laclede Group, Inc., an exempt public utility holding company in St. Louis, Missouri, since 2001; Chairman of the Board of Directors, President and Chief Executive Officer of Laclede Gas Company since 1999; President of Laclede Gas Company since 1997; Director and Chief Operating Officer of Laclede Gas Company from 1997 to 1999; Executive Vice President – Operations and Marketing of Laclede Gas Company from 1995 to 1997. The Board and voting shareholders considered these qualifications in addition to his financial expertise, public company managerial experience and stature in the local community in making a determination that Mr. Yaeger should be a nominee for director of the Company. |

| (1) | Member of the Audit Committee. |
|-----|--------------------------------|

| (2) | Member of the Compensation Committee. |
|-----|---------------------------------------|

| (3) | Mr. James A. Cooper serves as Chairman of the Compensation Committee. |
|-----|-----------------------------------------------------------------------|

| (4) | Mr. Douglas H. Yaeger serves as Chairman of the Audit Committee and the Audit Committee financial expert. |
|-----|-----------------------------------------------------------------------------------------------------------|

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|   | Audit Committee                                    |
|--------|----------------------------------------------------|
|   |                                               |
|   | Douglas H. Yaeger, Chairman of the Audit Committee |
|   | Allen H. Blake                                     |
|   | James A. Cooper                                    |
|   | David L. Steward                                   |

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| Name                      |   | Age    |   | Current First Banks, Inc.Office(s) Held                                                                                                                          |   | Principal Occupation(s)During Last Five Years                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------------------|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |   |   |   |                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| James F. Dierberg         |   | 73     |   | Chairman of the Board of Directors.                                                                                                                                                  |   | See “Item 10 – Directors, Executive Officers and Corporate Governance – Board of Directors.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |   |   |   |                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Terrance M. McCarthy      |   | 56     |   | President, Chief Executive Officer and Director; Chairman of the Board of Directors, President and Chief Executive Officer of First Bank.                                            |   | See “Item 10 – Directors, Executive Officers and Corporate Governance – Board of Directors.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |   |   |   |                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| F. Christopher McLaughlin |   | 57     |   | Executive Vice President; Director of Retail Banking and Director of Sales, Marketing and Products; Executive Vice President, Director of Retail Banking and Director of First Bank. |   | Executive Vice President, Director of Retail Banking and Director of Sales, Marketing and Products of First Banks, Inc. and First Bank since April 2007; Executive Vice President and Director of Sales, Marketing and Products of First Banks, Inc. and First Bank from September 2003 to March 2007; Director of First Bank since October 2004.                                                                                                                                                                                                                                                                                                                |
|                      |   |   |   |                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Gary S. Pratte            |   | 63     |   | Executive Vice President and Acting Chief Credit Officer; Executive Vice President and Acting Chief Credit Officer of First Bank.                                                    |   | Executive Vice President and Acting Chief Credit Officer of First Banks, Inc. and First Bank since August 2010; Executive Vice President and Senior Regional Credit Officer of First Bank from April 2007 to August 2010; Senior Vice President and Senior Regional Credit Officer of First Bank from March 2001 to April 2007.                                                                                                                                                                                                                                                                                                                                  |
|                      |   |   |   |                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Lisa K. Vansickle         |   | 43     |   | Executive Vice President and Chief Financial Officer; Executive Vice President, Chief Financial Officer, Secretary and Director of First Bank.                                       |   | Executive Vice President and Chief Financial Officer of First Banks, Inc. since April 2010; Senior Vice President and Chief Financial Officer of First Banks, Inc. from April 2007 to April 2010; Senior Vice President and Controller of First Banks, Inc. from January 2001 to April 2007; Vice President and Controller of First Banks, Inc. from April 1999 to January 2001; Vice President and Director of Internal Audit from December 1997 to March 1999; Executive Vice President, Chief Financial Officer, Secretary and Director of First Bank since May 2010. Senior Vice President, Secretary and Director of First Bank from July 2001 to May 2010. |

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 11.

|   | Ø | A prohibition on paying bonuses, retention awards and incentive compensation, other than pursuant to certain preexisting employment contracts, to our named executive officers identified in Item 10 above (the “Senior Executive Officers” or “SEOs”), and the ten next most highly-compensated employees; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A prohibition on the payment of “golden parachute payments” to our SEOs and the five next most highly compensated employees upon their termination of employment or a change in control of the Company; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement to “clawback” any bonus, retention award or incentive compensation paid to a SEO and or of the twenty (20) next most highly compensated employees if such bonus, retention award, or incentive compensation was based on statements of earnings, revenues, gains or other criteria later found to be materially inaccurate; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement to establish a policy on luxury or excessive expenditures; |
|--------|--------|--------------------------------------------------------------------------|

|   | Ø | A prohibition on deducting more than $500,000 in annual compensation paid to each of the SEOs; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | Ø | A prohibition on tax gross-ups to the SEOs and the twenty (20) next most highly compensated employees; |
|--------|--------|--------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement to disclose to the U.S. Treasury any perquisite with a total value for the year in excess of $25,000 paid or provided to a SEO or any of the twenty (20) next most highly compensated employees; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement to disclose to the U.S. Treasury whether the Company, Board or Compensation Committee has retained a compensation consultant and the types of services provided by the consultant and its affiliates, whether or not such services were compensation-related, during the past three (3) years; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement that the Compensation Committee evaluate and review with our senior risk officers at least every six (6) months the SEO compensation plans to limit any features in such plans that would encourage SEOs to take “unnecessary and excessive risks” that could threaten the value of the Company; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement that the Compensation Committee review at least every six (6) months the Company’s employee compensation plans to identify and eliminate any provisions in such plans that encourage the manipulation of reported earnings to enhance the compensation of any employee; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement that the Compensation Committee evaluate and review with our senior risk officers at least every six (6) months the risks involved in the Company’s employee compensation plans and how to limit the risks posed to the Company by such plans; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement that the Compensation Committee provide a certification that it has conducted the foregoing reviews; and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|

|   | Ø | A requirement that the Chief Executive Officer and the Chief Financial Officer provide written certifications of compliance with all of the foregoing requirements. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

| Name and Principal Position(s) |   | Year   |   | Salary (1) |    |   | Bonus (1) |   |    | All OtherCompensation (2) |   |   | Total (1) |   |
|-----------------------------------------------|--------|--------|--------|-----------------|---------|--------|----------------|--------|---------|--------------------------------|--------|--------|----------------|--------|
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |
| James F. Dierberg                             |   | 2010   |   | $               | — |   |           |   | — |                           |   |   | 144,000        | (3)    |   |   | 144,000 |   |
| Chairman of the Board of Directors            |   | 2009   |   |            | — |   |           |   | — |                           |   |   | 145,400        | (3)    |   |   | 145,400 |   |
|                                          |   | 2008   |   |            | — |   |           |   | — |                           |   |   | 149,800        | (3)    |   |   | 149,800 |   |
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| Terrance M. McCarthy                          |   | 2010   |   |            | 500,000 |   |           |   | — |                           |   |   | —        |   |   |   | 500,000 |   |
| President and                                 |   | 2009   |   |            | 500,000 |   |           |   | — |                           |   |   | 4,400          |   |   |   | 504,400 |   |
| Chief Executive Officer                       |   | 2008   |   |            | 500,000 |   |           |   | — |                           |   |   | 9,200          |   |   |   | 509,200 |   |
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| Lisa K. Vansickle                             |   | 2010   |   |            | 230,000 |   |           |   | — |                           |   |   | —        |   |   |   | 230,000 |   |
| Executive Vice President and                  |   | 2009   |   |            | 214,800 |   |           |   | — |                           |   |   | 10,200         | (4)    |   |   | 225,000 |   |
| Chief Financial Officer                       |   | 2008   |   |            | 183,400 |   |           |   | — |                           |   |   | 16,000         | (4)    |   |   | 199,400 |   |
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| F. Christopher McLaughlin                     |   | 2010   |   |            | 250,000 |   |           |   | — |                           |   |   | —        |   |   |   | 250,000 |   |
| Executive Vice President and                  |   | 2009   |   |            | 245,900 |   |           |   | — |                           |   |   | 2,400          |   |   |   | 248,300 |   |
| Director of Retail Banking                    |   | 2008   |   |            | 236,400 |   |           |   | — |                           |   |   | 9,200          |   |   |   | 245,600 |   |
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| Gary S. Pratte                                |   | 2010   |   |            | 227,700 |   |           |   | — |                           |   |   | —        |   |   |   | 227,700 |   |
| Executive Vice President and                  |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| Acting Chief Credit Officer                   |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
|                                          |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |
| Steven H. Reynolds (5)                        |   | 2010   |   |            | 164,900 |   |           |   | — |                           |   |   | —        |   |   |   | 164,900 |   |
| Former Executive Vice President               |   | 2009   |   |            | 243,300 |   |           |   | — |                           |   |   | 2,300          |   |   |   | 245,600 |   |
| and Chief Credit Officer                      |   |   |   |            |    |   |           |   |    |                           |   |   |           |   |   |   |   |   |

| (1) | Salary and bonus reported for Ms. Vansickle and Messrs. Dierberg, McCarthy, McLaughlin, Pratte and Reynolds did not include any amounts deferred in our NQDC Plan, except as further described. Salary and bonus reported for Mr. McCarthy include amounts deferred in our NQDC Plan, as further described below and in Note 17 to our consolidated financial statements, for 2009 and 2008 of $75,000. Earnings by the named executives on their NQDC Plan balances did not include any above-market or preferential earnings. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | All other compensation reported reflects contributions to our 401(k) Plan, as further described in Note 17 to our consolidated financial statements, with the exception of the amounts reported for Mr. Dierberg and Ms. Vansickle, as further described below. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | All other compensation reported for Mr. Dierberg for 2010, 2009 and 2008 reflects non-employee director compensation of $144,000 and a contribution to our 401(k) Plan of $0, $1,400 and $5,800, respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | All other compensation reported for Ms. Vansickle for 2009 and 2008 reflects a contribution to our 401(k) Plan of $1,800 and $5,700, respectively, and the payout of $8,400 and $10,300, respectively, of an award previously granted under an incentive plan that Ms. Vansickle participated in prior to the time she became a named executive officer on April 2, 2007. Ms. Vansickle’s participation in that incentive plan terminated at the time she became a named executive officer. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Mr. Reynolds resigned from the Company on August 16, 2010. |
|-----|------------------------------------------------------------|

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Table of Contents

| Name and Principal Position(s) |   | ExecutiveContributions inLast FiscalYear (1) |    |   | AggregateEarnings in LastFiscal Year |   |   | AggregateWithdrawals /Distributions inLast Fiscal Year |   |   | AggregateBalance atDecember 31,2010 |   |
|-----------------------------------------------|--------|-------------------------------------------------------------|---------|--------|-----------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                          |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |
| James F. Dierberg                             |   | $                                                           | — |   |                                                |   | 62,300 |                                                                       |   |   | —                                       |   |   |   | 483,300 | (2) |
| Chairman of the Board of Directors            |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
|                                          |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Terrance M. McCarthy                          |   |                                                        | — |   |                                                |   | 95,500 |                                                                       |   |   | —                                       |   |   |   | 809,300 | (3) |
| President and                                 |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Chief Executive Officer                       |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
|                                          |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Lisa K. Vansickle                             |   |                                                        | — |   |                                                |   | 4,700  |                                                                       |   |   | —                                       |   |   |   | 45,200 | (4) |
| Executive Vice President and                  |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Chief Financial Officer                       |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
|                                          |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Gary S. Pratte                                |   |                                                        | — |   |                                                |   | 7,100  |                                                                       |   |   | —                                       |   |   |   | 77,900 | (5) |
| Executive Vice President and                  |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Acting Chief Credit Officer                   |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
|                                          |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| Steven H. Reynolds                            |   |                                                        | — |   |                                                |   | 1,000  |                                                                       |   |   | 15,100                                        | (6)    |   |   | — |   |
| Former Executive Vice President               |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |
| and Chief Credit Officer                      |   |                                                        |    |   |                                                |   |   |                                                                       |   |   |                                          |   |   |   |   |   |

| (1) | All executive contributions represent the deferral of base salary and/or bonus payments reflected in the “Summary Compensation Table.” We did not make any discretionary contributions under the NQDC Plan as of and for the year ended December 31, 2010. In addition, Mr. McLaughlin has not elected to participate in the NQDC Plan. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Of this amount, $305,500 represents deferrals of cash consideration from prior years, all of which were previously reported as compensation in the Company’s previously filed Annual Reports on Form 10-K. The remaining balance represents the cumulative earnings on the original deferred amounts and the participant’s 2010 activity. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Of this amount, $601,100 represents deferrals of cash consideration from prior years, all of which were previously reported as compensation in the Company’s previously filed Annual Reports on Form 10-K. The remaining balance represents the cumulative earnings on the original deferred amounts and the participant’s 2010 activity. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Of this amount, $33,200 represents deferrals of cash consideration from years prior to the participant’s inclusion in the “Summary Compensation Table” in past Annual Reports on Form 10-K, the cumulative earnings on the original deferred amounts and the participant’s 2010 activity. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Of this amount, $58,100 represents deferrals of cash consideration from years prior to the participant’s inclusion in the “Summary Compensation Table” in past Annual Reports on Form 10-K, the cumulative earnings on the original deferred amounts and the participant’s 2010 activity. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Following his resignation from the Company on August 16, 2010, Mr. Reynolds received a lump-sum distribution of his NQDC Plan participant account balance, which was fully vested. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| DIRECTOR COMPENSATION TABLE |   |
|-----------------------------|--------|
|                        |   |   |   |   |   |   |
| Name                        |   | Fees Earnedor Paid inCash |   |   | Total |   |
|                        |   |   |   |   |   |   |
| James F. Dierberg (1)       |   | $ | 144,000 |   |   |   | 144,000 |   |
|                        |   |   |   |   |   |   |   |   |
| Allen H. Blake (2) (3)      |   |   | 42,000 |   |   |   | 42,000 |   |
|                        |   |   |   |   |   |   |   |   |
| James A. Cooper (4)         |   |   | 46,000 |   |   |   | 46,000 |   |
|                        |   |   |   |   |   |   |   |   |
| David L. Steward            |   |   | 41,000 |   |   |   | 41,000 |   |
|                        |   |   |   |   |   |   |   |   |
| Douglas H. Yaeger (5)  |   |   | 46,000 |   |   |   | 46,000 |   |

|   | (1) | Non-employee director compensation for Mr. Dierberg is also included in the “Summary Compensation Table.” |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------|

|   | (2) | Mr. Blake received fees of $31,000 for the Company’s board meetings attended and fees of $11,000 for First Bank board meetings attended. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Mr. Blake was elected to the Audit Committee effective April 30, 2010. |
|--------|-----|------------------------------------------------------------------------|

|   | (4) | Mr. Cooper serves as Chairman of the Compensation Committee. |
|--------|-----|--------------------------------------------------------------|

|   | (5) | Mr. Yaeger serves as Chairman of the Audit Committee and the Audit Committee Financial Expert. |
|--------|-----|------------------------------------------------------------------------------------------------|

----

Table of Contents

|   | Compensation Committee                                  |
|--------|---------------------------------------------------------|
|   |                                                    |
|   | James A. Cooper, Chairman of the Compensation Committee |
|   | David L. Steward                                        |
|   | Douglas H. Yaeger                                       |

----

Table of Contents

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
|----------|------------------------------------------------------------------------------------------------|

| Title of Class and Name of Owner                                            |   | NumberofSharesOwned |      |   | PercentofClass |   |   | Percentof TotalVotingPower |   |
|-----------------------------------------------------------------------------------------------------------|--------|---------------------|-----------|--------|----------------|--------|--------|---------------------------------|--------|
|                                                                                                      |   |                |      |   |           |   |   |                            |   |
| Common Stock ($250.00 par value)                                                                          |   |                |      |   |           |   |   |                            |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |
| James F. Dierberg II Family Trust (1)                                                                     |   |                | 7,714.677 | (2)    |           |   | 32.605 | %                               |   |   | * |   |
| Ellen C. Dierberg Family Trust (1)                                                                        |   |                | 7,714.676 | (2)    |           |   | 32.605 |                            |   |   | * |   |
| Michael J. Dierberg Family Trust (1)                                                                      |   |                | 4,255.319 | (2)    |           |   | 17.985 |                            |   |   | * |   |
| Michael J. Dierberg Irrevocable Trust (1)                                                                 |   |                | 3,459.358 | (2)    |           |   | 14.621 |                            |   |   | * |   |
| First Trust (Mary W. Dierberg and First Bank, Trustees) (1)                                               |   |                | 516.830   | (3)    |           |   | 2.184  |                            |   |   | * |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| Class A Convertible Adjustable Rate Preferred Stock                                                       |   |                |      |   |           |   |   |                            |   |   |   |   |
| ($20.00 par value)                                                                                        |   |                |      |   |           |   |   |                            |   |   |   |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| James F. Dierberg, Trustee of the James F. Dierberg Living Trust (1)                                      |   |                | 641,082   | (4)(5) |           |   | 100    | %                               |   |   | 77.7 | % |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| Class B Non-Convertible Adjustable Rate Preferred Stock                                                   |   |                |      |   |           |   |   |                            |   |   |   |   |
| ($1.50 par value)                                                                                         |   |                |      |   |           |   |   |                            |   |   |   |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| James F. Dierberg, Trustee of the James F. Dierberg Living Trust (1)                                      |   |                | 160,505   | (5)    |           |   | 100    | %                               |   |   | 19.4 | % |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| Class C Fixed Rate Cumulative Perpetual Preferred Stock                                                   |   |                |      |   |           |   |   |                            |   |   |   |   |
| ($1.00 par value)                                                                                         |   |                |      |   |           |   |   |                            |   |   |   |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| United States Department of the Treasury                                                                  |   |                | 295,400   | (6)    |           |   | 100    | %                               |   |   | 0.0 | % |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| Class D Fixed Rate Cumulative Perpetual Preferred Stock                                                   |   |                |      |   |           |   |   |                            |   |   |   |   |
| ($1.00 par value)                                                                                         |   |                |      |   |           |   |   |                            |   |   |   |   |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| United States Department of the Treasury                                                                  |   |                | 14,770    | (6)    |           |   | 100    | %                               |   |   | 0.0 | % |
|                                                                                                      |   |                |      |   |           |   |   |                            |   |   |   |   |
| All executive officers and directors other than Mr. James F. Dierberg and members of his immediate family |   |                | 0         |   |           |   | 0      | %                               |   |   | 0.0 | % |

|  * | Represents less than 1.0%. |
|---------|----------------------------|

| (1) | Each of the above-named trustees and beneficial owners are United States citizens, and the business address for each such individual is 135 North Meramec, Clayton, Missouri 63105. Mr. James F. Dierberg, our Chairman of the Board, and Mrs. Mary W. Dierberg, are husband and wife, and Messrs. James F. Dierberg II and Michael J. Dierberg and Ms. Ellen C. Dierberg are their adult children. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Due to the relationship between Mr. James F. Dierberg, his wife and their children, Mr. Dierberg is deemed to share voting and investment power over these shares. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Due to the relationship between Mr. James F. Dierberg, his wife and First Bank, Mr. Dierberg is deemed to share voting and investment power over these shares. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Convertible into common stock, based on the appraised value of the common stock at the date of conversion. |
|-----|------------------------------------------------------------------------------------------------------------|

| (5) | Sole voting and investment power. |
|-----|-----------------------------------|

| (6) | Shares were issued to the U.S. Treasury on December 31, 2008 pursuant to the CPP. The holders of the Class C Preferred Stock and the Class D Preferred Stock have no voting rights except in certain limited circumstances. Due to the fact that we have deferred dividends on the preferred stock issued to the U.S. Treasury for an aggregate of six quarters, the U.S. Treasury presently has the right to elect two directors to our Board but has not elected to do so as of March 25, 2011. The address of the U.S. Treasury is 1500 Pennsylvania Avenue, NW, Room 2312, Washington, D.C. 20220. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| Title of Class and Name of Owner |   | Percent ofMembershipInterests Owned |   |
|----------------------------------------------------------------|--------|-----------------------------------------------|--------|
|                                                           |   |                                          |   |
| Membership Interests                                           |   |                                          |   |
|                                                           |   |                                          |   |
| First Bank (1)                                                 |   |                                          | 53.23  | % |
| First Capital America, Inc. (1)                                |   |                                          | 46.77  | % |

| (1) | See further discussion of the membership interests of FB Holdings in Note 19 to our consolidated financial statements. |
|-----|------------------------------------------------------------------------------------------------------------------------|

| Item 13. | Certain Relationships and Related Transactions, and Director Independence |
|----------|---------------------------------------------------------------------------|

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14.

|               |   | 2010   |    |   | 2009   |   |
|--------------------|--------|--------|---------|--------|--------|--------|
|               |   |   |    |   |   |   |
| Audit fees (1)     |   | $      | 517,500 |   |   |   | 743,000 |   |
| Audit related fees |   |   | — |   |   |   | — |   |
| Tax fees (2)       |   |   | 46,100  |   |   |   | 81,200 |   |
| All other fees     |   |   | — |   |   |   | — |   |
| Total              |   | $      | 563,600 |   |   |   | 824,200 |   |

|   | (1) | For 2010 and 2009, audit fees include the audit of the consolidated financial statements of the Company, as well as services provided for reporting requirements under FDICIA and mortgage banking activities, which are included in the audit fees of the Company, as these services are closely related to the audit of the Company’s consolidated financial statements. Audit fees also include other accounting and reporting consultations. On an accrual basis, audit fees for 2010 and 2009 were $567,500 and $579,000, respectively. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | For 2010 and 2009, tax fees consist of tax filing, compliance and other advisory services. |
|--------|-----|--------------------------------------------------------------------------------------------|

 15. 

|   | (a) | 1. | Financial Statements and Supplementary Data – The financial statements and supplementary data filed as part of this Report are included in Item 8. |
|--------|-----|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Financial Statement Schedules – These schedules are omitted for the reason they are not required or are not applicable. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Exhibits – The exhibits are listed in the index of exhibits required by Item 601 of Regulation S-K at Item (b) below and are incorporated herein by reference. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | The index of required exhibits is included beginning on page 159 of this Report. |
|--------|-----|----------------------------------------------------------------------------------|

|   | (c) | Not Applicable. |
|--------|-----|-----------------|

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----

|   | /s/ KPMG LLP |
|--------|--------------|

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|                                                                                                                     |   | December 31, |      |
|--------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|
|                                                                                                                     |   | 2010              |      |   | 2009 |   |
|                                                                                                                     |   |              |      |   |   |   |
| ASSETS                                                                                                                   |   |              |      |   |   |   |
| Cash and cash equivalents:                                                                                               |   |              |      |   |   |   |
| Cash and due from banks                                                                                                  |   | $                 | 70,964    |   |   |   | 143,731 |   |
| Short-term investments                                                                                                   |   |              | 924,794   |   |   |   | 2,372,520 |   |
| Total cash and cash equivalents                                                                                          |   |              | 995,758   |   |   |   | 2,516,251 |   |
| Investment securities:                                                                                                   |   |              |      |   |   |   |   |   |
| Available for sale                                                                                                       |   |              | 1,483,185 |   |   |   | 527,332 |   |
| Held to maturity (fair value of $11,990 and $15,258, respectively)                                                       |   |              | 11,152    |   |   |   | 14,225 |   |
| Total investment securities                                                                                              |   |              | 1,494,337 |   |   |   | 541,557 |   |
| Loans:                                                                                                                   |   |              |      |   |   |   |   |   |
| Commercial, financial and agricultural                                                                                   |   |              | 1,045,832 |   |   |   | 1,692,922 |   |
| Real estate construction and development                                                                                 |   |              | 490,766   |   |   |   | 1,052,922 |   |
| Real estate mortgage                                                                                                     |   |              | 2,872,104 |   |   |   | 3,771,582 |   |
| Consumer and installment                                                                                                 |   |              | 33,623    |   |   |   | 56,029 |   |
| Loans held for sale                                                                                                      |   |              | 54,470    |   |   |   | 42,684 |   |
| Total loans                                                                                                              |   |              | 4,496,795 |   |   |   | 6,616,139 |   |
| Unearned discount                                                                                                        |   |              | (4,511    | ) |   |   | (7,846 | ) |
| Allowance for loan losses                                                                                                |   |              | (201,033  | ) |   |   | (266,448 | ) |
| Net loans                                                                                                                |   |              | 4,291,251 |   |   |   | 6,341,845 |   |
| Federal Reserve Bank and Federal Home Loan Bank stock, at cost                                                           |   |              | 30,121    |   |   |   | 65,076 |   |
| Bank premises and equipment, net                                                                                         |   |              | 161,414   |   |   |   | 178,302 |   |
| Goodwill and other intangible assets                                                                                     |   |              | 129,054   |   |   |   | 144,439 |   |
| Bank-owned life insurance                                                                                                |   |              | —   |   |   |   | 26,372 |   |
| Deferred income taxes                                                                                                    |   |              | 18,004    |   |   |   | 24,700 |   |
| Other real estate                                                                                                        |   |              | 140,628   |   |   |   | 125,226 |   |
| Other assets                                                                                                             |   |              | 71,763    |   |   |   | 83,197 |   |
| Assets held for sale                                                                                                     |   |              | 2,266     |   |   |   | 16,975 |   |
| Assets of discontinued operations                                                                                        |   |              | 43,532    |   |   |   | 518,056 |   |
| Total assets                                                                                                             |   | $                 | 7,378,128 |   |   |   | 10,581,996 |   |
|                                                                                                                     |   |              |      |   |   |   |   |   |
| LIABILITIES                                                                                                              |   |              |      |   |   |   |   |   |
| Deposits:                                                                                                                |   |              |      |   |   |   |   |   |
| Noninterest-bearing demand                                                                                               |   | $                 | 1,167,206 |   |   |   | 1,270,276 |   |
| Interest-bearing demand                                                                                                  |   |              | 919,973   |   |   |   | 914,020 |   |
| Savings and money market                                                                                                 |   |              | 2,206,763 |   |   |   | 2,260,869 |   |
| Time deposits of $100 or more                                                                                            |   |              | 828,651   |   |   |   | 931,151 |   |
| Other time deposits                                                                                                      |   |              | 1,335,822 |   |   |   | 1,687,657 |   |
| Total deposits                                                                                                           |   |              | 6,458,415 |   |   |   | 7,063,973 |   |
| Other borrowings                                                                                                         |   |              | 31,761    |   |   |   | 767,494 |   |
| Subordinated debentures                                                                                                  |   |              | 353,981   |   |   |   | 353,905 |   |
| Deferred income taxes                                                                                                    |   |              | 25,186    |   |   |   | 32,572 |   |
| Accrued expenses and other liabilities                                                                                   |   |              | 83,900    |   |   |   | 87,027 |   |
| Liabilities held for sale                                                                                                |   |              | 23,406    |   |   |   | 24,381 |   |
| Liabilities of discontinued operations                                                                                   |   |              | 94,184    |   |   |   | 1,730,264 |   |
| Total liabilities                                                                                                        |   |              | 7,070,833 |   |   |   | 10,059,616 |   |
|                                                                                                                     |   |              |      |   |   |   |   |   |
| STOCKHOLDERS’ EQUITY                                                                                               |   |              |      |   |   |   |   |   |
| First Banks, Inc. stockholders’ equity:                                                                            |   |              |      |   |   |   |   |   |
| Preferred stock:                                                                                                         |   |              |      |   |   |   |   |   |
| $1.00 par value, 4,689,830 shares authorized, no shares issued and outstanding                                           |   |              | —   |   |   |   | — |   |
| Class A convertible, adjustable rate, $20.00 par value, 750,000 shares authorized, 641,082 shares issued and outstanding |   |              | 12,822    |   |   |   | 12,822 |   |
| Class B adjustable rate, $1.50 par value, 200,000 shares authorized, 160,505 shares issued and outstanding               |   |              | 241       |   |   |   | 241 |   |
| Class C fixed rate, cumulative, perpetual, $1.00 par value, 295,400 shares authorized, issued and outstanding            |   |              | 284,737   |   |   |   | 281,356 |   |
| Class D fixed rate, cumulative, perpetual, $1.00 par value, 14,770 shares authorized, issued and outstanding             |   |              | 17,343    |   |   |   | 17,343 |   |
| Common stock, $250.00 par value, 25,000 shares authorized, 23,661 shares issued and outstanding                          |   |              | 5,915     |   |   |   | 5,915 |   |
| Additional paid-in capital                                                                                               |   |              | 12,480    |   |   |   | 12,480 |   |
| Retained (deficit) earnings                                                                                              |   |              | (120,827  | ) |   |   | 91,271 |   |
| Accumulated other comprehensive loss                                                                                     |   |              | (2,318    | ) |   |   | (2,464 | ) |
| Total First Banks, Inc. stockholders’ equity                                                                       |   |              | 210,393   |   |   |   | 418,964 |   |
| Noncontrolling interest in subsidiaries                                                                                  |   |              | 96,902    |   |   |   | 103,416 |   |
| Total stockholders’ equity                                                                                         |   |              | 307,295   |   |   |   | 522,380 |   |
| Total liabilities and stockholders’ equity                                                                         |   | $                 | 7,378,128 |   |   |   | 10,581,996 |   |

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|                                                                            |   | Years Ended December 31, |      |
|---------------------------------------------------------------------------------|--------|-----------------------------------------|-----------|
|                                                                            |   | 2010                                    |      |   | 2009 |   |   | 2008 |   |
|                                                                            |   |                                    |      |   |   |   |   |   |   |
| Interest income:                                                                |   |                                    |      |   |   |   |   |   |   |
| Interest and fees on loans                                                      |   | $                                       | 281,654   |   |   |   | 370,623 |   |   |   | 496,769 |   |
| Investment securities:                                                          |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Taxable                                                                         |   |                                    | 25,000    |   |   |   | 23,828 |   |   |   | 34,164 |   |
| Nontaxable                                                                      |   |                                    | 595       |   |   |   | 919 |   |   |   | 1,314 |   |
| Federal Reserve Bank and Federal Home Loan Bank stock                           |   |                                    | 2,063     |   |   |   | 2,155 |   |   |   | 2,508 |   |
| Short-term investments                                                          |   |                                    | 3,544     |   |   |   | 2,825 |   |   |   | 1,842 |   |
| Total interest income                                                           |   |                                    | 312,856   |   |   |   | 400,350 |   |   |   | 536,597 |   |
| Interest expense:                                                               |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                       |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand                                                         |   |                                    | 1,427     |   |   |   | 1,556 |   |   |   | 4,548 |   |
| Savings and money market                                                        |   |                                    | 14,998    |   |   |   | 23,365 |   |   |   | 45,309 |   |
| Time deposits of $100 or more                                                   |   |                                    | 16,165    |   |   |   | 24,593 |   |   |   | 36,809 |   |
| Other time deposits                                                             |   |                                    | 25,879    |   |   |   | 44,284 |   |   |   | 61,458 |   |
| Other borrowings                                                                |   |                                    | 7,844     |   |   |   | 10,024 |   |   |   | 13,925 |   |
| Notes payable                                                                   |   |                                    | —   |   |   |   | 37 |   |   |   | 1,328 |   |
| Subordinated debentures                                                         |   |                                    | 13,012    |   |   |   | 15,498 |   |   |   | 21,058 |   |
| Total interest expense                                                          |   |                                    | 79,325    |   |   |   | 119,357 |   |   |   | 184,435 |   |
| Net interest income                                                             |   |                                    | 233,531   |   |   |   | 280,993 |   |   |   | 352,162 |   |
| Provision for loan losses                                                       |   |                                    | 214,000   |   |   |   | 390,000 |   |   |   | 368,000 |   |
| Net interest income (loss) after provision for loan losses                      |   |                                    | 19,531    |   |   |   | (109,007 | ) |   |   | (15,838 | ) |
| Noninterest income:                                                             |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Service charges on deposit accounts and customer service fees                   |   |                                    | 42,770    |   |   |   | 43,311 |   |   |   | 41,839 |   |
| Gain on loans sold and held for sale                                            |   |                                    | 9,516     |   |   |   | 4,112 |   |   |   | 4,391 |   |
| Net gain (loss) on investment securities                                        |   |                                    | 8,315     |   |   |   | 7,697 |   |   |   | (8,760 | ) |
| Bank-owned life insurance investment income                                     |   |                                    | 120       |   |   |   | 733 |   |   |   | 2,808 |   |
| Net (loss) gain on derivative instruments                                       |   |                                    | (2,925    | ) |   |   | (4,874 | ) |   |   | 1,730 |   |
| Decrease in fair value of servicing rights                                      |   |                                    | (5,558    | ) |   |   | (2,896 | ) |   |   | (11,825 | ) |
| Loan servicing fees                                                             |   |                                    | 8,783     |   |   |   | 8,842 |   |   |   | 8,776 |   |
| Gain on extinguishment of term repurchase agreement                             |   |                                    | —   |   |   |   | — |   |   |   | 5,000 |   |
| Other                                                                           |   |                                    | 17,488    |   |   |   | 13,766 |   |   |   | 18,382 |   |
| Total noninterest income                                                        |   |                                    | 78,509    |   |   |   | 70,691 |   |   |   | 62,341 |   |
| Noninterest expense:                                                            |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                                  |   |                                    | 86,426    |   |   |   | 89,313 |   |   |   | 105,049 |   |
| Occupancy, net of rental income                                                 |   |                                    | 28,409    |   |   |   | 27,040 |   |   |   | 27,877 |   |
| Furniture and equipment                                                         |   |                                    | 14,454    |   |   |   | 15,739 |   |   |   | 17,446 |   |
| Postage, printing and supplies                                                  |   |                                    | 3,400     |   |   |   | 4,281 |   |   |   | 5,312 |   |
| Information technology fees                                                     |   |                                    | 27,745    |   |   |   | 30,915 |   |   |   | 35,447 |   |
| Legal, examination and professional fees                                        |   |                                    | 13,818    |   |   |   | 11,888 |   |   |   | 11,193 |   |
| Goodwill impairment                                                             |   |                                    | —   |   |   |   | 75,000 |   |   |   | — |   |
| Amortization of intangible assets                                               |   |                                    | 3,325     |   |   |   | 4,391 |   |   |   | 5,746 |   |
| Advertising and business development                                            |   |                                    | 1,483     |   |   |   | 1,827 |   |   |   | 4,655 |   |
| FDIC insurance                                                                  |   |                                    | 22,300    |   |   |   | 20,114 |   |   |   | 5,500 |   |
| Write-downs and expenses on other real estate                                   |   |                                    | 44,662    |   |   |   | 48,488 |   |   |   | 8,242 |   |
| Other                                                                           |   |                                    | 58,342    |   |   |   | 27,240 |   |   |   | 31,872 |   |
| Total noninterest expense                                                       |   |                                    | 304,364   |   |   |   | 356,236 |   |   |   | 258,339 |   |
| Loss from continuing operations, before provision for income taxes              |   |                                    | (206,324  | ) |   |   | (394,552 | ) |   |   | (211,836 | ) |
| Provision for income taxes                                                      |   |                                    | 4,114     |   |   |   | 2,393 |   |   |   | 18,323 |   |
| Net loss from continuing operations, net of tax                                 |   |                                    | (210,438  | ) |   |   | (396,945 | ) |   |   | (230,159 | ) |
| Income (loss) from discontinued operations, net of tax                          |   |                                    | 12,187    |   |   |   | (51,991 | ) |   |   | (58,154 | ) |
| Net loss                                                                        |   |                                    | (198,251  | ) |   |   | (448,936 | ) |   |   | (288,313 | ) |
| Less: net loss attributable to noncontrolling interest in subsidiaries          |   |                                    | (6,514    | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |
| Net loss attributable to First Banks, Inc.                                      |   |                                    | (191,737  | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |
| Preferred stock dividends declared and undeclared                               |   |                                    | 16,980    |   |   |   | 16,536 |   |   |   | 786 |   |
| Accretion of discount on preferred stock                                        |   |                                    | 3,381     |   |   |   | 3,299 |   |   |   | — |   |
| Net loss available to common stockholders                                       |   | $                                       | (212,098  | ) |   |   | (447,456 | ) |   |   | (287,941 | ) |
|                                                                            |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per common share from continuing operations              |   | $                                       | (9,479.14 | ) |   |   | (16,713.78 | ) |   |   | (9,711.66 | ) |
| Basic and diluted earnings (loss) per common share from discontinued operations |   |                                    | 515.07    |   |   |   | (2,197.32 | ) |   |   | (2,457.80 | ) |
| Basic and diluted loss per common share                                         |   | $                                       | (8,964.07 | ) |   |   | (18,911.10 | ) |   |   | (12,169.46 | ) |
|                                                                            |   |                                    |      |   |   |   |   |   |   |   |   |   |
| Weighted average shares of common stock outstanding                             |   |                                    | 23,661    |   |   |   | 23,661 |   |   |   | 23,661 |   |

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|                                                                                                   |   | First Banks, Inc. Stockholders’ Equity |    |   |        |   |    |                     |   |
|--------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|---------|--------|-------------|--------|---------|--------------------------|--------|
|                                                                                                   |   | PreferredStock                                                   |    |   | CommonStock |   |    | AdditionalPaid-InCapital |   |   | RetainedEarnings |   |   | Accu-mulatedOtherCompre-hensiveIncome(Loss) |   |   | Non-controllingInterest |   |   | TotalStock-holders’Equity |   |
|                                                                                                   |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, January 1, 2008                                                                               |   | $                                                                | 13,063  |   |        |   | 5,915   |                     |   |   | 9,685 |   |   |   | 818,343 |   |   |   | (4,929 | ) |   |   | 5,544 |   |   |   | 847,621 |   |
| Comprehensive loss:                                                                                    |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (287,155 | ) |   |   | — |   |   |   | (1,158 | ) |   |   | (288,313 | ) |
| Other comprehensive income (loss):                                                                     |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains on investment securities, net of tax                                                  |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 6,043 |   |   |   | — |   |   |   | 6,043 |   |
| Reclassification adjustment for investment securities losses included in net loss, net of tax          |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 5,694 |   |   |   | — |   |   |   | 5,694 |   |
| Change in unrealized gains on derivative instruments, net of tax                                       |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 1,745 |   |   |   | — |   |   |   | 1,745 |   |
| Reclassification adjustment for establishment of deferred tax asset valuation allowance on derivatives |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (1,707 | ) |   |   | — |   |   |   | (1,707 | ) |
| Pension liability adjustment, net of tax                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (651 | ) |   |   | — |   |   |   | (651 | ) |
| Total comprehensive loss                                                                               |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (277,189 | ) |
| Change in noncontrolling interest ownership                                                            |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 124,997 |   |   |   | 124,997 |   |
| Cumulative effect of change in accounting principle                                                    |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | 6,312 |   |   |   | — |   |   |   | — |   |   |   | 6,312 |   |
| Issuance of Class C Preferred Stock                                                                    |   |                                                             | 278,057 |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 278,057 |   |
| Issuance of Class D Preferred Stock                                                                    |   |                                                             | 17,343  |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 17,343 |   |
| Preferred stock dividends declared                                                                     |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (786 | ) |   |   | — |   |   |   | — |   |   |   | (786 | ) |
| Balance, December 31, 2008                                                                             |   |                                                             | 308,463 |   |        |   | 5,915   |                     |   |   | 9,685 |   |   |   | 536,714 |   |   |   | 6,195 |   |   |   | 129,383 |   |   |   | 996,355 |   |
| Comprehensive loss:                                                                                    |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (427,621 | ) |   |   | — |   |   |   | (21,315 | ) |   |   | (448,936 | ) |
| Other comprehensive income (loss):                                                                     |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains on investment securities, net of tax                                                  |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 5,874 |   |   |   | — |   |   |   | 5,874 |   |
| Reclassification adjustment for investment securities gains included in net loss, net of tax           |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (5,004 | ) |   |   | — |   |   |   | (5,004 | ) |
| Change in unrealized gains on derivative instruments, net of tax                                       |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (5,755 | ) |   |   | — |   |   |   | (5,755 | ) |
| Pension liability adjustment, net of tax                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (664 | ) |   |   | — |   |   |   | (664 | ) |
| Reclassification adjustments for deferred tax asset valuation allowance                                |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (3,110 | ) |   |   | — |   |   |   | (3,110 | ) |
| Total comprehensive loss                                                                               |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (457,595 | ) |
| Purchase of noncontrolling interest in SBLS LLC                                                        |   |                                                             | — |   |        |   | — |                     |   |   | 2,795 |   |   |   | — |   |   |   | — |   |   |   | (4,652 | ) |   |   | (1,857 | ) |
| Accretion of discount on preferred stock                                                               |   |                                                             | 3,299   |   |        |   | — |                     |   |   | — |   |   |   | (3,299 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Preferred stock dividends declared                                                                     |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (14,523 | ) |   |   | — |   |   |   | — |   |   |   | (14,523 | ) |
| Balance, December 31, 2009                                                                             |   |                                                             | 311,762 |   |        |   | 5,915   |                     |   |   | 12,480 |   |   |   | 91,271 |   |   |   | (2,464 | ) |   |   | 103,416 |   |   |   | 522,380 |   |
| Comprehensive loss:                                                                                    |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (191,737 | ) |   |   | — |   |   |   | (6,514 | ) |   |   | (198,251 | ) |
| Other comprehensive income (loss):                                                                     |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains on investment securities, net of tax                                                  |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 4,764 |   |   |   | — |   |   |   | 4,764 |   |
| Reclassification adjustment for investment securities gains included in net loss, net of tax           |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (5,378 | ) |   |   | — |   |   |   | (5,378 | ) |
| Change in unrealized gains on derivative instruments, net of tax                                       |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (3,734 | ) |   |   | — |   |   |   | (3,734 | ) |
| Pension liability adjustment, net of tax                                                               |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | (4 | ) |   |   | — |   |   |   | (4 | ) |
| Reclassification adjustments for deferred tax asset valuation allowance                                |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | — |   |   |   | 4,498 |   |   |   | — |   |   |   | 4,498 |   |
| Total comprehensive loss                                                                               |   |                                                             |    |   |        |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (198,105 | ) |
| Accretion of discount on preferred stock                                                               |   |                                                             | 3,381   |   |        |   | — |                     |   |   | — |   |   |   | (3,381 | ) |   |   | — |   |   |   | — |   |   |   | — |   |
| Preferred stock dividends declared                                                                     |   |                                                             | — |   |        |   | — |                     |   |   | — |   |   |   | (16,980 | ) |   |   | — |   |   |   | — |   |   |   | (16,980 | ) |
| Balance, December 31, 2010                                                                             |   | $                                                                | 315,143 |   |        |   | 5,915   |                     |   |   | 12,480 |   |   |   | (120,827 | ) |   |   | (2,318 | ) |   |   | 96,902 |   |   |   | 307,295 |   |

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|                                                                                                                                 |   | Years Ended December 31, |       |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                                                                                 |   | 2010                                    |       |   | 2009 |   |   | 2008 |   |
|                                                                                                                                 |   |                                    |       |   |   |   |   |   |   |
| Cash flows from operating activities:                                                                                                |   |                                    |       |   |   |   |   |   |   |
| Net loss attributable to First Banks, Inc.                                                                                           |   | $                                       | (191,737   | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |
| Net loss attributable to noncontrolling interest in subsidiaries                                                                     |   |                                    | (6,514     | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |
| Less: net income (loss) from discontinued operations                                                                                 |   |                                    | 12,187     |   |   |   | (51,991 | ) |   |   | (58,154 | ) |
| Net loss from continuing operations                                                                                                  |   |                                    | (210,438   | ) |   |   | (396,945 | ) |   |   | (230,159 | ) |
|                                                                                                                                 |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by operating activities:                                                      |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization of bank premises and equipment                                                                         |   |                                    | 17,318     |   |   |   | 18,330 |   |   |   | 20,193 |   |
| Amortization of intangible assets                                                                                                    |   |                                    | 3,325      |   |   |   | 4,391 |   |   |   | 5,746 |   |
| Goodwill impairment                                                                                                                  |   |                                    | —    |   |   |   | 75,000 |   |   |   | — |   |
| Originations of loans held for sale                                                                                                  |   |                                    | (396,855   | ) |   |   | (568,966 | ) |   |   | (220,890 | ) |
| Proceeds from sales of loans held for sale                                                                                           |   |                                    | 385,109    |   |   |   | 573,764 |   |   |   | 281,557 |   |
| Payments received on loans held for sale                                                                                             |   |                                    | 521        |   |   |   | 3,283 |   |   |   | 13,768 |   |
| Provision for loan losses                                                                                                            |   |                                    | 214,000    |   |   |   | 390,000 |   |   |   | 368,000 |   |
| (Benefit) provision for current income taxes                                                                                         |   |                                    | (437       | ) |   |   | 76 |   |   |   | (47,523 | ) |
| Benefit for deferred income taxes                                                                                                    |   |                                    | (74,467    | ) |   |   | (129,559 | ) |   |   | (43,943 | ) |
| Increase in deferred tax asset valuation allowance                                                                                   |   |                                    | 79,018     |   |   |   | 131,876 |   |   |   | 109,789 |   |
| Decrease in accrued interest receivable                                                                                              |   |                                    | 5,732      |   |   |   | 5,173 |   |   |   | 11,608 |   |
| Increase (decrease) in accrued interest payable                                                                                 |   |                                    | 4,036      |   |   |   | (112 | ) |   |   | (1,933 | ) |
| Decrease in current income taxes receivable                                                                                          |   |                                    | 2,488      |   |   |   | 62,050 |   |   |   | — |   |
| Gain on loans sold and held for sale                                                                                                 |   |                                    | (9,516     | ) |   |   | (4,112 | ) |   |   | (4,391 | ) |
| Net (gain) loss on investment securities                                                                                             |   |                                    | (8,315     | ) |   |   | (7,697 | ) |   |   | 8,760 |   |
| Net loss (gain) on derivative instruments                                                                                            |   |                                    | 2,925      |   |   |   | 4,874 |   |   |   | (1,730 | ) |
| Decrease in fair value of servicing rights                                                                                           |   |                                    | 5,558      |   |   |   | 2,896 |   |   |   | 11,825 |   |
| Gain on extinguishment of term repurchase agreement                                                                                  |   |                                    | —    |   |   |   | — |   |   |   | (5,000 | ) |
| Write-downs on other real estate                                                                                                     |   |                                    | 34,680     |   |   |   | 37,400 |   |   |   | 2,813 |   |
| Net cash (paid) received from termination of derivative instruments                                                                  |   |                                    | (1,671     | ) |   |   | — |   |   |   | 27,278 |   |
| Other operating activities, net                                                                                                      |   |                                    | 13,789     |   |   |   | 460 |   |   |   | 16,599 |   |
| Net cash provided by operating activities – continuing operations                                                              |   |                                    | 66,800     |   |   |   | 202,182 |   |   |   | 322,367 |   |
| Net cash provided by (used in) operating activities – discontinued operations                                                  |   |                                    | 2,771      |   |   |   | (35,916 | ) |   |   | (46,584 | ) |
| Net cash provided by operating activities                                                                                            |   |                                    | 69,571     |   |   |   | 166,266 |   |   |   | 275,783 |   |
| Cash flows from investing activities:                                                                                                |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Net cash (paid) received for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents (sold) paid |   |                                    | (1,400,472 | ) |   |   | 155,695 |   |   |   | — |   |
| Cash paid for sale of branches, net of cash and cash equivalents sold                                                                |   |                                    | (8,408     | ) |   |   | (17,786 | ) |   |   | — |   |
| Cash paid for earn-out consideration to Adrian N. Baker & Company                                                                |   |                                    | —    |   |   |   | (2,939 | ) |   |   | (2,920 | ) |
| Proceeds from sales of investment securities available for sale                                                                      |   |                                    | 249,209    |   |   |   | 521,795 |   |   |   | 417,403 |   |
| Maturities of investment securities available for sale                                                                               |   |                                    | 189,887    |   |   |   | 667,797 |   |   |   | 356,908 |   |
| Maturities of investment securities held to maturity                                                                                 |   |                                    | 2,418      |   |   |   | 3,667 |   |   |   | 2,498 |   |
| Purchases of investment securities available for sale                                                                                |   |                                    | (1,419,739 | ) |   |   | (1,126,519 | ) |   |   | (396,678 | ) |
| Purchases of investment securities held to maturity                                                                                  |   |                                    | —    |   |   |   | — |   |   |   | (1,557 | ) |
| Redemptions of Federal Home Loan Bank and Federal Reserve Bank stock                                                                 |   |                                    | 35,068     |   |   |   | 6,422 |   |   |   | 19,342 |   |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock                                                                   |   |                                    | (113       | ) |   |   | (23,666 | ) |   |   | (26,578 | ) |
| Proceeds from sales of commercial loans                                                                                              |   |                                    | 107,414    |   |   |   | 157,230 |   |   |   | 3,421 |   |
| Net decrease (increase) in loans                                                                                                     |   |                                    | 1,309,598  |   |   |   | 759,470 |   |   |   | (23,843 | ) |
| Recoveries of loans previously charged-off                                                                                           |   |                                    | 52,102     |   |   |   | 13,682 |   |   |   | 14,844 |   |
| Purchases of bank premises and equipment                                                                                             |   |                                    | (4,054     | ) |   |   | (22,742 | ) |   |   | (24,560 | ) |
| Net proceeds from sales of other real estate owned                                                                                   |   |                                    | 108,321    |   |   |   | 66,710 |   |   |   | 22,063 |   |
| Proceeds from termination of bank-owned life insurance policy                                                                        |   |                                    | 25,957     |   |   |   | 90,578 |   |   |   | — |   |
| Cash paid attributable to noncontrolling interest in SBLS LLC                                                                        |   |                                    | —    |   |   |   | (1,857 | ) |   |   | — |   |
| Cash received for noncontrolling interest in FB Holdings, LLC                                                                        |   |                                    | —    |   |   |   | — |   |   |   | 125,000 |   |
| Other investing activities, net                                                                                                      |   |                                    | 3,621      |   |   |   | 833 |   |   |   | (2,009 | ) |
| Net cash (used in) provided by investing activities – continuing operations                                                    |   |                                    | (749,191   | ) |   |   | 1,248,370 |   |   |   | 483,334 |   |
| Net cash provided by (used in) investing activities – discontinued operations                                                  |   |                                    | 50,082     |   |   |   | (20,323 | ) |   |   | (168,947 | ) |
| Net cash (used in) provided by investing activities                                                                                  |   |                                    | (699,109   | ) |   |   | 1,228,047 |   |   |   | 314,387 |   |

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|                                                                              |   | Years Ended December 31, |       |
|-----------------------------------------------------------------------------------|--------|-----------------------------------------|------------|
|                                                                              |   | 2010                                    |       |   | 2009 |   |   | 2008 |   |
|                                                                              |   |                                    |       |   |   |   |   |   |   |
| Cash flows from financing activities:                                             |   |                                    |       |   |   |   |   |   |   |
| Increase in demand, savings and money market deposits                             |   |                                    | 96,735     |   |   |   | 298,056 |   |   |   | 56,186 |   |
| Decrease in time deposits                                                         |   |                                    | (192,981   | ) |   |   | (143,261 | ) |   |   | (352,572 | ) |
| (Decrease) increase in Federal Reserve Bank advances                              |   |                                    | —    |   |   |   | (100,000 | ) |   |   | 100,000 |   |
| Advances drawn on Federal Home Loan Bank advances                                 |   |                                    | —    |   |   |   | 600,000 |   |   |   | 890,000 |   |
| Repayments of Federal Home Loan Bank advances                                     |   |                                    | (600,000   | ) |   |   | (200,710 | ) |   |   | (690,147 | ) |
| Decrease in federal funds purchased                                               |   |                                    | —    |   |   |   | — |   |   |   | (76,500 | ) |
| Decrease in securities sold under agreements to repurchase                        |   |                                    | (134,976   | ) |   |   | (91,689 | ) |   |   | (44,420 | ) |
| Advances drawn on notes payable                                                   |   |                                    | —    |   |   |   | — |   |   |   | 55,000 |   |
| Repayments of notes payable                                                       |   |                                    | —    |   |   |   | — |   |   |   | (94,000 | ) |
| Proceeds from issuance of preferred stock                                         |   |                                    | —    |   |   |   | — |   |   |   | 295,400 |   |
| Payment of preferred stock dividends                                              |   |                                    | —    |   |   |   | (6,365 | ) |   |   | (786 | ) |
| Net cash (used in) provided by financing activities – continuing operations |   |                                    | (831,222   | ) |   |   | 356,031 |   |   |   | 138,161 |   |
| Net cash used in financing activities – discontinued operations             |   |                                    | (59,733    | ) |   |   | (76,409 | ) |   |   | (117,690 | ) |
| Net cash (used in) provided by financing activities                               |   |                                    | (890,955   | ) |   |   | 279,622 |   |   |   | 20,471 |   |
| Net (decrease) increase in cash and cash equivalents                              |   |                                    | (1,520,493 | ) |   |   | 1,673,935 |   |   |   | 610,641 |   |
| Cash and cash equivalents, beginning of year                                      |   |                                    | 2,516,251  |   |   |   | 842,316 |   |   |   | 231,675 |   |
| Cash and cash equivalents, end of year                                            |   | $                                       | 995,758    |   |   |   | 2,516,251 |   |   |   | 842,316 |   |
|                                                                              |   |                                    |       |   |   |   |   |   |   |   |   |   |
|                                                                              |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Supplemental disclosures of cash flow information:                                |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Cash paid (received) during the period for:                                       |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Interest on liabilities                                                           |   | $                                       | 75,285     |   |   |   | 119,379 |   |   |   | 188,654 |   |
| Income taxes                                                                      |   |                                    | (1,873     | ) |   |   | (62,317 | ) |   |   | (15,846 | ) |
| Noncash investing and financing activities:                                       |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Cumulative effect of change in accounting principle                               |   | $                                       | —    |   |   |   | — |   |   |   | 6,312 |   |
| Loans transferred to other real estate                                            |   |                                    | 158,889    |   |   |   | 143,586 |   |   |   | 109,288 |   |
| Business combinations:                                                            |   |                                    |       |   |   |   |   |   |   |   |   |   |
| Goodwill and other intangible assets recorded with net assets acquired            |   | $                                       | —    |   |   |   | 2,939 |   |   |   | 2,920 |   |

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|   | Ø | Interest Rate Swap Agreements – Cash Flow Hedges. Interest rate swap agreements designated as cash flow hedges are accounted for at fair value. The effective portion of the change in the cash flow hedge’s gain or loss is initially reported as a component of other comprehensive income (loss) and subsequently reclassified into interest income or interest expense when the underlying transaction affects earnings. The ineffective portion of the change in the cash flow hedge’s gain or loss is recorded in noninterest income on each monthly measurement date. The net interest differential is recognized as an adjustment to interest income or interest expense of the related asset or liability being hedged. In the event of early termination or ineffectiveness, the gain or loss on the cash flow hedge would continue to be reported as a component of other comprehensive income (loss) until the underlying transaction affects earnings. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Interest Rate Swap Agreements – Fair Value Hedges. Interest rate swap agreements designated as fair value hedges are accounted for at fair value. Changes in the fair value of the swap agreements are recognized currently in noninterest income. The change in the fair value of the underlying hedged item is recognized as an adjustment to the carrying amount of the underlying hedged item and is also reflected currently in noninterest income. All changes in fair value are measured on a monthly basis. The net interest differential is recognized as an adjustment to interest income or interest expense of the related asset or liability being hedged. In the event of early termination or ineffectiveness, the net proceeds received or paid on the interest rate swap agreements are recognized immediately in noninterest income and the future net interest differential, if any, is recognized prospectively in noninterest income. The cumulative change in the fair value of the underlying hedged item is deferred and amortized or accreted to interest income or interest expense over the weighted average life of the related asset or liability. If, however, the underlying hedged item is repaid, the cumulative change in the fair value of the underlying hedged item is recognized immediately in noninterest income. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Customer Interest Rate Swap Agreement Contracts. Derivative instruments are offered to customers to assist in hedging their risks of adverse changes in interest rates. First Bank serves as an intermediary between its customers and the financial markets. Each contract between First Bank and its customers is offset by a contract between First Bank and various counterparties. These contracts do not qualify for hedge accounting. Customer interest rate swap agreement contracts are carried at fair value. Changes in the fair value are recognized in noninterest income on a monthly basis. Each customer contract is paired with an offsetting contract, and as such, there is no significant impact to net income (loss). |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Ø | Interest Rate Cap and Floor Agreements. Interest rate cap and floor agreements are accounted for at fair value. Changes in the fair value of interest rate cap and floor agreements are recognized in noninterest income on each monthly measurement date. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Interest Rate Lock Commitments. Commitments to originate loans for subsequent sale in the secondary market (interest rate lock commitments), which primarily consist of commitments to originate fixed rate residential mortgage loans, are recorded at fair value. Fair values are based upon quoted market prices. The value of loan servicing rights is also incorporated into fair value measurements for mortgage loan commitments. Changes in the fair value are recognized in noninterest income on a monthly basis. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Ø | Forward Commitments to Sell Mortgage-Backed Securities. Forward commitments to sell mortgage-backed securities are recorded at fair value. Changes in the fair value of forward commitments to sell mortgage-backed securities are recognized in noninterest income on a monthly basis. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Note 2 – | Discontinued Operations, Assets and Liabilities Held for Sale and Other Corporate Transactions |
|----------------|------------------------------------------------------------------------------------------------|

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|                                               |   | Northern                                  |   |
|----------------------------------------------------|--------|-------------------------------------------|--------|
|                                               |   | Illinois                                  |   |
|                                               |   |                                      |   |
|                                               |   | (dollars expressed inthousands) |   |
|                                               |   |                                      |   |
| Cash and due from banks                            |   | $                                         | 693    |   |
| Loans:                                             |   |                                      |   |   |
| Commercial, financial and agricultural             |   |                                      | 6,891  |   |
| Real estate construction and development           |   |                                      | 50     |   |
| Residential real estate                            |   |                                      | 13,953 |   |
| Multi-family residential                           |   |                                      | 135    |   |
| Commercial real estate                             |   |                                      | 17,253 |   |
| Consumer and installment, net of unearned discount |   |                                      | 1,983  |   |
| Total loans                                        |   |                                      | 40,265 |   |
| Bank premises and equipment, net                   |   |                                      | 850    |   |
| Goodwill and other intangible assets               |   |                                      | 1,558  |   |
| Other assets                                       |   |                                      | 166    |   |
| Assets of discontinued operations                  |   | $                                         | 43,532 |   |
| Deposits:                                          |   |                                      |   |   |
| Noninterest-bearing demand                         |   | $                                         | 11,223 |   |
| Interest-bearing demand                            |   |                                      | 17,619 |   |
| Savings and money market                           |   |                                      | 23,832 |   |
| Time deposits of $100 or more                      |   |                                      | 5,789  |   |
| Other time deposits                                |   |                                      | 35,613 |   |
| Total deposits                                     |   |                                      | 94,076 |   |
| Accrued expenses and other liabilities             |   |                                      | 108    |   |
| Liabilities of discontinued operations             |   | $                                         | 94,184 |   |

|                                               |   | Chicago                                         |      |   | Texas  |   |    | WIUS   |   |   | Total   |   |
|----------------------------------------------------|--------|-------------------------------------------------|-----------|--------|--------|--------|---------|--------|--------|--------|---------|--------|
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                                            |      |   |   |   |    |   |   |   |    |   |
| Cash and due from banks                            |   | $                                               | 3,759     |   |   |   | 5,131   |   |   |   | — |   |   |   | 8,890 |   |
| Loans:                                             |   |                                            |      |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Commercial, financial and agricultural             |   |                                            | 77,574    |   |   |   | 57,075  |   |   |   | 1,502   |   |   |   | 136,151 |   |
| Real estate construction and development           |   |                                            | —   |   |   |   | 4,352   |   |   |   | — |   |   |   | 4,352 |   |
| Residential real estate                            |   |                                            | 36,594    |   |   |   | 4,264   |   |   |   | — |   |   |   | 40,858 |   |
| Multi-family residential                           |   |                                            | 5,497     |   |   |   | 1,065   |   |   |   | — |   |   |   | 6,562 |   |
| Commercial real estate                             |   |                                            | 188,978   |   |   |   | 36,029  |   |   |   | — |   |   |   | 225,007 |   |
| Consumer and installment, net of unearned discount |   |                                            | 2,700     |   |   |   | 615     |   |   |   | — |   |   |   | 3,315 |   |
| Total loans                                        |   |                                            | 311,343   |   |   |   | 103,400 |   |   |   | 1,502   |   |   |   | 416,245 |   |
| Bank premises and equipment, net                   |   |                                            | 26,497    |   |   |   | 18,534  |   |   |   | — |   |   |   | 45,031 |   |
| Goodwill and other intangible assets               |   |                                            | 26,273    |   |   |   | 19,962  |   |   |   | — |   |   |   | 46,235 |   |
| Other assets                                       |   |                                            | 947       |   |   |   | 708     |   |   |   | — |   |   |   | 1,655 |   |
| Assets of discontinued operations                  |   | $                                               | 368,819   |   |   |   | 147,735 |   |   |   | 1,502   |   |   |   | 518,056 |   |
| Deposits:                                          |   |                                            |      |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Noninterest-bearing demand                         |   | $                                               | 92,513    |   |   |   | 87,064  |   |   |   | — |   |   |   | 179,577 |   |
| Interest-bearing demand                            |   |                                            | 47,778    |   |   |   | 50,508  |   |   |   | — |   |   |   | 98,286 |   |
| Savings and money market                           |   |                                            | 387,941   |   |   |   | 167,783 |   |   |   | — |   |   |   | 555,724 |   |
| Time deposits of $100 or more                      |   |                                            | 225,635   |   |   |   | 91,779  |   |   |   | — |   |   |   | 317,414 |   |
| Other time deposits                                |   |                                            | 465,541   |   |   |   | 100,661 |   |   |   | — |   |   |   | 566,202 |   |
| Total deposits                                     |   |                                            | 1,219,408 |   |   |   | 497,795 |   |   |   | — |   |   |   | 1,717,203 |   |
| Other borrowings                                   |   |                                            | 2,605     |   |   |   | 6,942   |   |   |   | — |   |   |   | 9,547 |   |
| Accrued expenses and other liabilities             |   |                                            | 2,589     |   |   |   | 925     |   |   |   | — |   |   |   | 3,514 |   |
| Liabilities of discontinued operations             |   | $                                               | 1,224,602 |   |   |   | 505,662 |   |   |   | — |   |   |   | 1,730,264 |   |

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|                                                       |   | NorthernIllinois                                |    |   | Chicago |   |    | Texas  |   |   | WIUS    |   |   | MVP    |    |   | Total  |   |
|------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|---------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|
|                                                       |   | (dollars expressed in thousands) |    |
|                                                       |   |                                            |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Interest income:                                           |   |                                            |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |
| Interest and fees on loans                                 |   | $                                               | 9,629   |   |    |   | 2,391   |   |   |   | 1,816   |   |   |   | 33      |   |   |   | — |   |   |   | 13,869 |   |
| Interest expense:                                          |   |                                            |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                       |   |                                            | 4,232   |   |    |   | 2,550   |   |   |   | 1,796   |   |   |   | — |   |   |   | — |   |   |   | 8,578 |   |
| Other borrowings                                           |   |                                            | — |   |    |   | — |   |   |   | 3       |   |   |   | (2      | )      |   |   | — |   |   |   | 1 |   |
| Total interest expense                                     |   |                                            | 4,232   |   |    |   | 2,550   |   |   |   | 1,799   |   |   |   | (2      | )      |   |   | — |   |   |   | 8,579 |   |
| Net interest income (loss)                                 |   |                                            | 5,397   |   |    |   | (159    | )      |   |   | 17      |   |   |   | 35      |   |   |   | — |   |   |   | 5,290 |   |
| Provision for loan losses                                  |   |                                            | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net interest income (loss) after provision for loan losses |   |                                            | 5,397   |   |    |   | (159    | )      |   |   | 17      |   |   |   | 35      |   |   |   | — |   |   |   | 5,290 |   |
| Noninterest income:                                        |   |                                            |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Service charges and customer service fees                  |   |                                            | 2,500   |   |    |   | 523     |   |   |   | 1,192   |   |   |   | — |   |   |   | — |   |   |   | 4,215 |   |
| Investment management income                               |   |                                            | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | 787 |   |   |   | 787 |   |
| Loan servicing fees                                        |   |                                            | — |   |    |   | — |   |   |   | 101     |   |   |   | — |   |   |   | — |   |   |   | 101 |   |
| Other                                                      |   |                                            | 30      |   |    |   | 254     |   |   |   | 60      |   |   |   | — |   |   |   | (1 | ) |   |   | 343 |   |
| Total noninterest income                                   |   |                                            | 2,530   |   |    |   | 777     |   |   |   | 1,353   |   |   |   | — |   |   |   | 786 |   |   |   | 5,446 |   |
| Noninterest expense:                                       |   |                                            |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                             |   |                                            | 3,403   |   |    |   | 2,137   |   |   |   | 2,843   |   |   |   | 32      |   |   |   | 517 |   |   |   | 8,932 |   |
| Occupancy, net of rental income                            |   |                                            | 1,115   |   |    |   | 606     |   |   |   | 1,148   |   |   |   | — |   |   |   | 59 |   |   |   | 2,928 |   |
| Furniture and equipment                                    |   |                                            | 365     |   |    |   | 178     |   |   |   | 345     |   |   |   | — |   |   |   | 17 |   |   |   | 905 |   |
| Legal, examination and professional fees                   |   |                                            | 62      |   |    |   | 123     |   |   |   | 111     |   |   |   | 153     |   |   |   | 115 |   |   |   | 564 |   |
| Amortization of intangible assets                          |   |                                            | 319     |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 319 |   |
| FDIC insurance                                             |   |                                            | 1,650   |   |    |   | 292     |   |   |   | 478     |   |   |   | — |   |   |   | — |   |   |   | 2,420 |   |
| Other                                                      |   |                                            | 709     |   |    |   | 424     |   |   |   | 860     |   |   |   | 184     |   |   |   | 29 |   |   |   | 2,206 |   |
| Total noninterest expense                                  |   |                                            | 7,623   |   |    |   | 3,760   |   |   |   | 5,785   |   |   |   | 369     |   |   |   | 737 |   |   |   | 18,274 |   |
| Income (loss) from operations of discontinued operations   |   |                                            | 304     |   |    |   | (3,142  | )      |   |   | (4,415  | )      |   |   | (334    | )      |   |   | 49 |   |   |   | (7,538 | ) |
| Net gain (loss) on sale of discontinued operations         |   |                                            | 6,355   |   |    |   | 8,414   |   |   |   | 4,984   |   |   |   | (29     | )      |   |   | (156 | ) |   |   | 19,568 |   |
| Benefit for income taxes                                   |   |                                            | — |   |    |   | — |   |   |   | — |   |   |   | (157    | )      |   |   | — |   |   |   | (157 | ) |
| Net income (loss) from discontinued operations, net of tax |   | $                                               | 6,659   |   |    |   | 5,272   |   |   |   | 569     |   |   |   | (206    | )      |   |   | (107 | ) |   |   | 12,187 |   |

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|                                                       |   | NorthernIllinois                 |    |   | Chicago |   |    | Texas  |   |   | WIUS    |   |   | MVP    |    |   | ANB    |   |    | Total  |   |
|------------------------------------------------------------|--------|----------------------------------|---------|--------|---------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                       |   | (dollars expressed in thousands) |    |
|                                                       |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |
| Interest income:                                           |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |
| Interest and fees on loans                                 |   | $                                | 13,925  |   |    |   | 17,191  |   |   |   | 5,483   |   |   |   | 20,224  |   |   |   | — |   |   |   | — |   |   |   | 56,823 |   |
| Interest expense:                                          |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                       |   |                             | 9,017   |   |    |   | 26,961  |   |   |   | 8,006   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 43,984 |   |
| Other borrowings                                           |   |                             | 8       |   |    |   | 6       |   |   |   | 10      |   |   |   | 16      |   |   |   | — |   |   |   | — |   |   |   | 40 |   |
| Total interest expense                                     |   |                             | 9,025   |   |    |   | 26,967  |   |   |   | 8,016   |   |   |   | 16      |   |   |   | — |   |   |   | — |   |   |   | 44,024 |   |
| Net interest income (loss)                                 |   |                             | 4,900   |   |    |   | (9,776  | )      |   |   | (2,533  | )      |   |   | 20,208  |   |   |   | — |   |   |   | — |   |   |   | 12,799 |   |
| Provision for loan losses                                  |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net interest income (loss) after provision for loan losses |   |                             | 4,900   |   |    |   | (9,776  | )      |   |   | (2,533  | )      |   |   | 20,208  |   |   |   | — |   |   |   | — |   |   |   | 12,799 |   |
| Noninterest income:                                        |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Service charges and customer service fees                  |   |                             | 3,404   |   |    |   | 4,179   |   |   |   | 4,378   |   |   |   | 782     |   |   |   | — |   |   |   | — |   |   |   | 12,743 |   |
| Gain on loans sold and held for sale                       |   |                             | — |   |    |   | — |   |   |   | 218     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 218 |   |
| Investment management income                               |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,316   |   |   |   | — |   |   |   | 2,316 |   |
| Insurance fee and commission income                        |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5,828 |   |   |   | 5,828 |   |
| Loan servicing fees                                        |   |                             | — |   |    |   | 7       |   |   |   | 383     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 390 |   |
| Other                                                      |   |                             | 68      |   |    |   | 273     |   |   |   | 112     |   |   |   | 14      |   |   |   | 1       |   |   |   | 5 |   |   |   | 473 |   |
| Total noninterest income                                   |   |                             | 3,472   |   |    |   | 4,459   |   |   |   | 5,091   |   |   |   | 796     |   |   |   | 2,317   |   |   |   | 5,833 |   |   |   | 21,968 |   |
| Noninterest expense:                                       |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                             |   |                             | 4,518   |   |    |   | 10,200  |   |   |   | 8,050   |   |   |   | 5,785   |   |   |   | 2,712   |   |   |   | 3,191 |   |   |   | 34,456 |   |
| Occupancy, net of rental income                            |   |                             | 1,509   |   |    |   | 4,144   |   |   |   | 4,002   |   |   |   | 314     |   |   |   | 199     |   |   |   | 330 |   |   |   | 10,498 |   |
| Furniture and equipment                                    |   |                             | 549     |   |    |   | 1,101   |   |   |   | 1,100   |   |   |   | 1,253   |   |   |   | 69      |   |   |   | 50 |   |   |   | 4,122 |   |
| Legal, examination and professional fees                   |   |                             | 86      |   |    |   | 508     |   |   |   | 667     |   |   |   | 2,453   |   |   |   | 434     |   |   |   | 542 |   |   |   | 4,690 |   |
| Amortization of intangible assets                          |   |                             | 600     |   |    |   | 1,037   |   |   |   | 1,619   |   |   |   | 1,207   |   |   |   | — |   |   |   | 216 |   |   |   | 4,679 |   |
| FDIC insurance                                             |   |                             | 2,132   |   |    |   | 3,108   |   |   |   | 1,488   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 6,728 |   |
| Other                                                      |   |                             | 1,023   |   |    |   | 1,997   |   |   |   | 2,891   |   |   |   | 2,049   |   |   |   | 139     |   |   |   | 500 |   |   |   | 8,599 |   |
| Total noninterest expense                                  |   |                             | 10,417  |   |    |   | 22,095  |   |   |   | 19,817  |   |   |   | 13,061  |   |   |   | 3,553   |   |   |   | 4,829 |   |   |   | 73,772 |   |
| (Loss) income from operations of discontinued operations   |   |                             | (2,045  | )      |    |   | (27,412 | )      |   |   | (17,259 | )      |   |   | 7,943   |   |   |   | (1,236  | )      |   |   | 1,004 |   |   |   | (39,005 | ) |
| Net (loss) gain on sale of discontinued operations         |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | (13,077 | )      |   |   | — |   |   |   | 120 |   |   |   | (12,957 | ) |
| Provision for income taxes                                 |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | 27      |   |   |   | — |   |   |   | 2 |   |   |   | 29 |   |
| Net (loss) income from discontinued operations, net of tax |   | $                                | (2,045  | )      |    |   | (27,412 | )      |   |   | (17,259 | )      |   |   | (5,161  | )      |   |   | (1,236  | )      |   |   | 1,122 |   |   |   | (51,991 | ) |

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|                                                       |   | NorthernIllinois                 |    |   | Chicago |   |    | Texas  |   |   | WIUS    |   |   | MVP    |    |   | ANB    |   |    | Total  |   |
|------------------------------------------------------------|--------|----------------------------------|---------|--------|---------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                       |   | (dollars expressed in thousands) |    |
|                                                       |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |
| Interest income:                                           |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |
| Interest and fees on loans                                 |   | $                                | 14,820  |   |    |   | 13,027  |   |   |   | 5,611   |   |   |   | 22,543  |   |   |   | — |   |   |   | — |   |   |   | 56,001 |   |
| Other interest income                                      |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 9 |   |   |   | 9 |   |
| Total interest income                                      |   |                             | 14,820  |   |    |   | 13,027  |   |   |   | 5,611   |   |   |   | 22,543  |   |   |   | — |   |   |   | 9 |   |   |   | 56,010 |   |
| Interest expense:                                          |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                       |   |                             | 11,646  |   |    |   | 39,082  |   |   |   | 14,074  |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 64,802 |   |
| Other borrowings                                           |   |                             | 91      |   |    |   | 105     |   |   |   | 68      |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 264 |   |
| Total interest expense                                     |   |                             | 11,737  |   |    |   | 39,187  |   |   |   | 14,142  |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 65,066 |   |
| Net interest income (loss)                                 |   |                             | 3,083   |   |    |   | (26,160 | )      |   |   | (8,531  | )      |   |   | 22,543  |   |   |   | — |   |   |   | 9 |   |   |   | (9,056 | ) |
| Provision for loan losses                                  |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net interest income (loss) after provision for loan losses |   |                             | 3,083   |   |    |   | (26,160 | )      |   |   | (8,531  | )      |   |   | 22,543  |   |   |   | — |   |   |   | 9 |   |   |   | (9,056 | ) |
| Noninterest income:                                        |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Service charges and customer service fees                  |   |                             | 3,389   |   |    |   | 4,236   |   |   |   | 4,226   |   |   |   | 585     |   |   |   | — |   |   |   | — |   |   |   | 12,436 |   |
| Gain on loans sold and held for sale                       |   |                             | — |   |    |   | — |   |   |   | 357     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 357 |   |
| Investment management income                               |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | 3,440   |   |   |   | — |   |   |   | 3,440 |   |
| Insurance fee and commission income                        |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 7,336 |   |   |   | 7,336 |   |
| Loan servicing fees                                        |   |                             | — |   |    |   | 22      |   |   |   | 253     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 275 |   |
| Other                                                      |   |                             | 43      |   |    |   | 1,033   |   |   |   | 1,837   |   |   |   | 60      |   |   |   | 1       |   |   |   | 174 |   |   |   | 3,148 |   |
| Total noninterest income                                   |   |                             | 3,432   |   |    |   | 5,291   |   |   |   | 6,673   |   |   |   | 645     |   |   |   | 3,441   |   |   |   | 7,510 |   |   |   | 26,992 |   |
| Noninterest expense:                                       |   |                             |    |   |    |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                             |   |                             | 5,177   |   |    |   | 11,805  |   |   |   | 10,112  |   |   |   | 6,468   |   |   |   | 2,323   |   |   |   | 4,039 |   |   |   | 39,924 |   |
| Occupancy, net of rental income                            |   |                             | 1,615   |   |    |   | 4,360   |   |   |   | 3,922   |   |   |   | 321     |   |   |   | 197     |   |   |   | 468 |   |   |   | 10,883 |   |
| Furniture and equipment                                    |   |                             | 606     |   |    |   | 1,361   |   |   |   | 1,231   |   |   |   | 443     |   |   |   | 101     |   |   |   | 57 |   |   |   | 3,799 |   |
| Legal, examination and professional fees                   |   |                             | 81      |   |    |   | 390     |   |   |   | 412     |   |   |   | 2,443   |   |   |   | 572     |   |   |   | 670 |   |   |   | 4,568 |   |
| Amortization of intangible assets                          |   |                             | 600     |   |    |   | 1,132   |   |   |   | 2,158   |   |   |   | 1,207   |   |   |   | — |   |   |   | 288 |   |   |   | 5,385 |   |
| FDIC insurance                                             |   |                             | 523     |   |    |   | 783     |   |   |   | 367     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,673 |   |
| Other                                                      |   |                             | 1,193   |   |    |   | 2,840   |   |   |   | 2,963   |   |   |   | 2,135   |   |   |   | 264     |   |   |   | 578 |   |   |   | 9,973 |   |
| Total noninterest expense                                  |   |                             | 9,795   |   |    |   | 22,671  |   |   |   | 21,165  |   |   |   | 13,017  |   |   |   | 3,457   |   |   |   | 6,100 |   |   |   | 76,205 |   |
| (Loss) income from operations of discontinued operations   |   |                             | (3,280  | )      |    |   | (43,540 | )      |   |   | (23,023 | )      |   |   | 10,171  |   |   |   | (16     | )      |   |   | 1,419 |   |   |   | (58,269 | ) |
| Benefit for income taxes                                   |   |                             | — |   |    |   | — |   |   |   | — |   |   |   | (115    | )      |   |   | — |   |   |   | — |   |   |   | (115 | ) |
| Net (loss) income from discontinued operations, net of tax |   | $                                | (3,280  | )      |    |   | (43,540 | )      |   |   | (23,023 | )      |   |   | 10,286  |   |   |   | (16     | )      |   |   | 1,419 |   |   |   | (58,154 | ) |

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| Branch Office Location                      | Date Opened                |
|---------------------------------------------|----------------------------|
| Naperville (Chicago), Illinois (1)          | January 14, 2008 |
| Arnold (St. Louis), Missouri                | May 13, 2008     |
| Blue Oaks Marketplace (Rocklin), California | August 18, 2008  |

|   | (1) | Branch office is associated with discontinued operations, as further described above in the “Discontinued Operations” section of this footnote. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                               | Maturity                                        |   |    | Total  |   |   | Gross   |   |   |          |    |   | Weighted  |   |
|------------------------------------|-------------------------------------------------|--------|---------|--------|--------|--------|---------|--------|--------|---------------|---------|--------|-----------|--------|
|                               | 1 Year                                     |   |    | 1-5    |   |   | 5-10    |   |   | After         |    |   | Amortized |   |   | Unrealized |   |   | Fair |   |   | Average |   |
|                               | or Less                                    |   |    | Years  |   |   | Years   |   |   | 10 Years |    |   | Cost      |   |   | Gains |   |   | Losses |   |   | Value |   |   | Yield |   |
|                               | (dollars expressed in thousands) |   |
|                               |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2010:                 |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                    |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                      |                                            | $      | — |   |   |   | 101,478 |   |   |          | — |   |      |   | — |   |   |   | 101,478 |   |   |   | 4 |   |   |   | (280 | ) |   |   | 101,202 |   |   |   | 0.73 | % |
| U.S. Government sponsored agencies |                                            |   | — |   |   |   | 20,220  |   |   |          | — |   |      |   | — |   |   |   | 20,220 |   |   |   | 199 |   |   |   | (87 | ) |   |   | 20,332 |   |   |   | 1.70 |   |
| Residential mortgage-backed        |                                            |   | 262     |   |   |   | 5,646   |   |   |          | 15,152  |   |      |   | 1,320,364 |   |   |   | 1,341,424 |   |   |   | 9,447 |   |   |   | (9,293 | ) |   |   | 1,341,578 |   |   |   | 2.48 |   |
| Commercial mortgage-backed         |                                            |   | — |   |   |   | — |   |   |          | 966     |   |      |   | — |   |   |   | 966 |   |   |   | 42 |   |   |   | — |   |   |   | 1,008 |   |   |   | 4.19 |   |
| State and political subdivisions   |                                            |   | 2,507   |   |   |   | 4,031   |   |   |          | 1,540   |   |      |   | — |   |   |   | 8,078 |   |   |   | 309 |   |   |   | — |   |   |   | 8,387 |   |   |   | 3.96 |   |
| Equity investments                 |                                            |   | — |   |   |   | — |   |   |          | — |   |      |   | 10,678 |   |   |   | 10,678 |   |   |   | — |   |   |   | — |   |   |   | 10,678 |   |   |   | 3.41 |   |
| Total                              |                                            | $      | 2,769   |   |   |   | 131,375 |   |   |          | 17,658  |   |      |   | 1,331,042 |   |   |   | 1,482,844 |   |   |   | 10,001 |   |   |   | (9,660 | ) |   |   | 1,483,185 |   |   |   | 2.37 |   |
| Fair value:                        |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                    |                                            | $      | 2,832   |   |   |   | 131,600 |   |   |          | 17,912  |   |      |   | 1,320,163 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities                  |                                            |   | — |   |   |   | — |   |   |          | — |   |      |   | 10,678 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                              |                                            | $      | 2,832   |   |   |   | 131,600 |   |   |          | 17,912  |   |      |   | 1,330,841 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield             |                                            |   | 4.01    | %      |   |   | 1.12    | %      |   |          | 2.09    | %      |      |   | 2.49 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2009:                 |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                    |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government sponsored agencies |                                            | $      | 500     |   |   |   | 1,000   |   |   |          | — |   |      |   | — |   |   |   | 1,500 |   |   |   | 47 |   |   |   | — |   |   |   | 1,547 |   |   |   | 3.53 | % |
| Residential mortgage-backed        |                                            |   | 353     |   |   |   | 10,449  |   |   |          | 5,782   |   |      |   | 480,875 |   |   |   | 497,459 |   |   |   | 2,788 |   |   |   | (1,899 | ) |   |   | 498,348 |   |   |   | 3.27 |   |
| Commercial mortgage-backed         |                                            |   | — |   |   |   | — |   |   |          | 998     |   |      |   | — |   |   |   | 998 |   |   |   | — |   |   |   | (13 | ) |   |   | 985 |   |   |   | 3.90 |   |
| State and political subdivisions   |                                            |   | 1,857   |   |   |   | 6,177   |   |   |          | 3,778   |   |      |   | — |   |   |   | 11,812 |   |   |   | 366 |   |   |   | (4 | ) |   |   | 12,174 |   |   |   | 4.14 |   |
| Equity investments                 |                                            |   | — |   |   |   | — |   |   |          | — |   |      |   | 14,278 |   |   |   | 14,278 |   |   |   | — |   |   |   | — |   |   |   | 14,278 |   |   |   | 2.76 |   |
| Total                              |                                            | $      | 2,710   |   |   |   | 17,626  |   |   |          | 10,558  |   |      |   | 495,153 |   |   |   | 526,047 |   |   |   | 3,201 |   |   |   | (1,916 | ) |   |   | 527,332 |   |   |   | 3.28 |   |
| Fair value:                        |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                    |                                            | $      | 2,770   |   |   |   | 18,139  |   |   |          | 10,866  |   |      |   | 481,279 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities                  |                                            |   | — |   |   |   | — |   |   |          | — |   |      |   | 14,278 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                              |                                            | $      | 2,770   |   |   |   | 18,139  |   |   |          | 10,866  |   |      |   | 495,557 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                                            |   |    |   |   |   |    |   |   |          |    |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield             |                                            |   | 4.31    | %      |   |   | 4.06    | %      |   |          | 4.37    | %      |      |   | 3.22 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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|                                |   | Maturity                                        |    |   | Total  |   |    | Gross  |   |   |          |   |   | Weighted  |    |
|-------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|---------|--------|--------|--------|---------------|--------|--------|-----------|---------|
|                                |   | 1 Year                                     |    |   | 1-5    |   |    | 5-10   |   |   | After         |   |   | Amortized |    |   | Unrealized |   |   | Fair |   |   | Average |   |
|                                |   | or Less                                    |    |   | Years  |   |    | Years  |   |   | 10 Years |   |   | Cost      |    |   | Gains |   |   | Losses |   |   | Value |   |   | Yield |   |
|                                |   | (dollars expressed in thousands) |    |
|                                |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2010:                  |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                     |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgage – backed |   | $                                               | — |   |   |   | — |   |   |   | 962           |   |   |      | 912     |   |   |   | 1,874 |   |   |   | 132 |   |   |   | — |   |   |   | 2,006 |   |   |   | 5.15 | % |
| Commercial mortgage – backed  |   |                                            | — |   |   |   | 6,437   |   |   |   | —       |   |   |      | — |   |   |   | 6,437 |   |   |   | 440 |   |   |   | — |   |   |   | 6,877 |   |   |   | 5.16 |   |
| State and political subdivisions    |   |                                            | — |   |   |   | 733     |   |   |   | 574           |   |   |      | 1,534   |   |   |   | 2,841 |   |   |   | 266 |   |   |   | — |   |   |   | 3,107 |   |   |   | 5.66 |   |
| Total                               |   | $                                               | — |   |   |   | 7,170   |   |   |   | 1,536         |   |   |      | 2,446   |   |   |   | 11,152 |   |   |   | 838 |   |   |   | — |   |   |   | 11,990 |   |   |   | 5.29 |   |
| Fair value:                         |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                     |   | $                                               | — |   |   |   | 7,645   |   |   |   | 1,635         |   |   |      | 2,710   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield              |   |                                            | — |   |   |   | 4.99    | %      |   |   | 4.71          | %      |   |      | 6.51    | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2009:                  |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                     |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgage-backed         |   | $                                               | — |   |   |   | — |   |   |   | 1,695         |   |   |      | 2,170   |   |   |   | 3,865 |   |   |   | 210 |   |   |   | — |   |   |   | 4,075 |   |   |   | 5.60 | % |
| Commercial mortgage-backed          |   |                                            | — |   |   |   | 6,556   |   |   |   | —       |   |   |      | — |   |   |   | 6,556 |   |   |   | 500 |   |   |   | — |   |   |   | 7,056 |   |   |   | 5.16 |   |
| State and political subdivisions    |   |                                            | 891     |   |   |   | 736     |   |   |   | 644           |   |   |      | 1,533   |   |   |   | 3,804 |   |   |   | 323 |   |   |   | — |   |   |   | 4,127 |   |   |   | 5.26 |   |
| Total                               |   | $                                               | 891     |   |   |   | 7,292   |   |   |   | 2,339         |   |   |      | 3,703   |   |   |   | 14,225 |   |   |   | 1,033 |   |   |   | — |   |   |   | 15,258 |   |   |   | 5.31 |   |
| Fair value:                         |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                     |   | $                                               | 913     |   |   |   | 7,836   |   |   |   | 2,472         |   |   |      | 4,037   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |   |                                            |    |   |   |   |    |   |   |   |          |   |   |      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield              |   |                                            | 4.03    | %      |   |   | 5.00    | %      |   |   | 5.41          | %      |   |      | 6.17    | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                            |   | 2010                             |    |   | 2009   |   |   | 2008   |   |
|-----------------------------------------------------------------|--------|----------------------------------|---------|--------|--------|--------|--------|--------|--------|
|                                                            |   | (dollars expressed in thousands) |    |
|                                                            |   |                             |    |   |   |   |   |   |   |
| Gross realized gains on sales of available-for-sale securities  |   | $                                | 8,350   |   |   |   | 9,541  |   |   |   | 2,396 |   |
| Gross realized losses on sales of available-for-sale securities |   |                             | (31     | )      |   |   | (653   | )      |   |   | (126 | ) |
| Other-than-temporary impairment                                 |   |                             | (4      | )      |   |   | (1,206 | )      |   |   | (11,435 | ) |
| Gross realized gains on calls                                   |   |                             | — |   |   |   | 15     |   |   |   | 405 |   |
| Net realized gains (losses)                                     |   | $                                | 8,315   |   |   |   | 7,697  |   |   |   | (8,760 | ) |

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|                               |   | Less than 12 months              |    |   | 12 months or more |   |    | Total           |   |
|------------------------------------|--------|-------------------------------------------------|---------|--------|----------------------------------|--------|---------|-----------------|--------|
|                               |   | Fair Value                                 |    |   | UnrealizedLosses                 |   |    | Fair Value |   |   | UnrealizedLosses |   |   | Fair Value |   |   | UnrealizedLosses |   |
|                               |   | (dollars expressed in thousands) |    |
| December 31, 2010:                 |   |                                            |    |   |                             |   |    |            |   |   |   |   |   |   |   |   |   |   |
| Available for sale:                |   |                                            |    |   |                             |   |    |            |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                      |   | $                                               | 91,193  |   |                             |   | (280    | )               |   |   | — |   |   |   | — |   |   |   | 91,193 |   |   |   | (280 | ) |
| U.S. Government sponsored agencies |   |                                            | 8,731   |   |                             |   | (87     | )               |   |   | — |   |   |   | — |   |   |   | 8,731 |   |   |   | (87 | ) |
| Residential mortgage-backed        |   |                                            | 544,657 |   |                             |   | (9,218  | )               |   |   | 341 |   |   |   | (75 | ) |   |   | 544,998 |   |   |   | (9,293 | ) |
| Total                              |   | $                                               | 644,581 |   |                             |   | (9,585  | )               |   |   | 341 |   |   |   | (75 | ) |   |   | 644,922 |   |   |   | (9,660 | ) |
|                               |   |                                            |    |   |                             |   |    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2009:                 |   |                                            |    |   |                             |   |    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available for sale:                |   |                                            |    |   |                             |   |    |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgage-backed        |   | $                                               | 257,250 |   |                             |   | (1,731  | )               |   |   | 726 |   |   |   | (168 | ) |   |   | 257,976 |   |   |   | (1,899 | ) |
| Commercial mortgage-backed         |   |                                            | 837     |   |                             |   | (12     | )               |   |   | 148 |   |   |   | (1 | ) |   |   | 985 |   |   |   | (13 | ) |
| State and political subdivisions   |   |                                            | 20      |   |                             |   | — |            |   |   | 261 |   |   |   | (4 | ) |   |   | 281 |   |   |   | (4 | ) |
| Total                              |   | $                                               | 258,107 |   |                             |   | (1,743  | )               |   |   | 1,135 |   |   |   | (173 | ) |   |   | 259,242 |   |   |   | (1,916 | ) |

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|                                               |   | 2010                             |      |   | 2009   |   |
|----------------------------------------------------|--------|----------------------------------|-----------|--------|--------|--------|
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                             |      |   |   |   |
| Commercial, financial and agricultural             |   | $                                | 1,045,832 |   |   |   | 1,692,922 |   |
| Real estate construction and development           |   |                             | 490,766   |   |   |   | 1,052,922 |   |
| Real estate mortgage:                              |   |                             |      |   |   |   |   |   |
| One-to-four family residential                     |   |                             | 1,050,895 |   |   |   | 1,279,166 |   |
| Multi-family residential                           |   |                             | 178,289   |   |   |   | 223,044 |   |
| Commercial real estate                             |   |                             | 1,642,920 |   |   |   | 2,269,372 |   |
| Consumer and installment, net of unearned discount |   |                             | 29,112    |   |   |   | 48,183 |   |
| Loans held for sale                                |   |                             | 54,470    |   |   |   | 42,684 |   |
| Loans, net of unearned discount                    |   | $                                | 4,492,284 |   |   |   | 6,608,293 |   |

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|                                     |   | 30-59Days                        |   |   | 60-89Days |   |   | 90 Daysand Over |   |   | Total Past Due |   |   | Current |    |   | Total Loans |   |      | RecordedInvestment> 90 DaysAccruing |   |
|------------------------------------------|--------|----------------------------------|--------|--------|-----------|--------|--------|---------------------------|--------|--------|--------------------------|--------|--------|---------|---------|--------|------------------|--------|-----------|--------------------------------------------------|--------|
|                                     |   | (dollars expressed in thousands) |   |
|                                     |   |                             |   |
| Commercial, financial and agricultural   |   | $                                | 5,574  |   |      |   | 7,286  |                      |   |   | 68,274                   |   |   |    | 81,134  |   |             |   | 964,698   |                                             |   |   | 1,045,832 |   |   |   | 909 |   |
| Real estate construction and development |   |                             | 1,523  |   |      |   | 10,816 |                      |   |   | 137,176                  |   |   |    | 149,515 |   |             |   | 341,251   |                                             |   |   | 490,766 |   |   |   | 2,932 |   |
| One-to-four-family residential:          |   |                             |   |   |      |   |   |                      |   |   |                     |   |   |    |    |   |             |   |      |                                             |   |   |   |   |   |   |   |   |
| Bank portfolio                           |   |                             | 5,157  |   |      |   | 2,296  |                      |   |   | 14,845                   |   |   |    | 22,298  |   |             |   | 217,065   |                                             |   |   | 239,363 |   |   |   | 366 |   |
| Mortgage Division portfolio              |   |                             | 9,998  |   |      |   | 4,968  |                      |   |   | 33,386                   |   |   |    | 48,352  |   |             |   | 363,601   |                                             |   |   | 411,953 |   |   |   | — |   |
| Home equity                              |   |                             | 5,373  |   |      |   | 1,658  |                      |   |   | 8,438                    |   |   |    | 15,469  |   |             |   | 384,110   |                                             |   |   | 399,579 |   |   |   | 1,316 |   |
| Multi-family residential                 |   |                             | 16,279 |   |      |   | 1,670  |                      |   |   | 12,960                   |   |   |    | 30,909  |   |             |   | 147,380   |                                             |   |   | 178,289 |   |   |   | — |   |
| Commercial real estate                   |   |                             | 9,391  |   |      |   | 15,252 |                      |   |   | 129,187                  |   |   |    | 153,830 |   |             |   | 1,489,090 |                                             |   |   | 1,642,920 |   |   |   | — |   |
| Consumer and installment                 |   |                             | 515    |   |      |   | 265    |                      |   |   | 165                      |   |   |    | 945     |   |             |   | 28,167    |                                             |   |   | 29,112 |   |   |   | — |   |
| Total                                    |   | $                                | 53,810 |   |      |   | 44,211 |                      |   |   | 404,431                  |   |   |    | 502,452 |   |             |   | 3,935,362 |                                             |   |   | 4,437,814 |   |   |   | 5,523 |   |

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|                        |   | Commercialand Industrial                   |      |   | Real EstateConstructionandDevelopment |   |    | Multi-family |   |   | CommercialReal Estate |   |   | Total  |      |
|-----------------------------|--------|-------------------------------------------------|-----------|--------|--------------------------------------------|--------|---------|--------------|--------|--------|----------------------------|--------|--------|--------|-----------|
|                        |   | (dollars expressed in thousands) |      |
|                        |   |                                            |      |   |                                       |   |    |         |   |   |                       |   |   |   |      |
| Pass                        |   | $                                               | 829,820   |   |                                       |   | 151,686 |         |   |   | 112,369                    |   |   |   | 1,285,902 |   |   |   | 2,379,777 |   |
| Special mention             |   |                                            | 48,264    |   |                                       |   | 73,464  |         |   |   | 47,376                     |   |   |   | 113,469   |   |   |   | 282,573 |   |
| Substandard                 |   |                                            | 100,383   |   |                                       |   | 128,227 |         |   |   | 5,584                      |   |   |   | 95,933    |   |   |   | 330,127 |   |
| Troubled debt restructuring |   |                                            | —   |   |                                       |   | 3,145   |         |   |   | —                    |   |   |   | 18,429    |   |   |   | 21,574 |   |
| Nonaccrual                  |   |                                            | 67,365    |   |                                       |   | 134,244 |         |   |   | 12,960                     |   |   |   | 129,187   |   |   |   | 343,756 |   |
|                        |   | $                                               | 1,045,832 |   |                                       |   | 490,766 |         |   |   | 178,289                    |   |   |   | 1,642,920 |   |   |   | 3,357,807 |   |

|            |   | BankPortfolio                                   |    |   | HomeEquity |   |    | Total  |   |
|-----------------|--------|-------------------------------------------------|---------|--------|------------|--------|---------|--------|--------|
|            |   | (dollars expressed in thousands) |    |
|            |   |                                            |    |   |       |   |    |   |   |
| Pass            |   | $                                          | 175,947 |   |       |   | 389,566 |   |   |   | 565,513 |   |
| Special mention |   |                                            | 17,358  |   |       |   | 1,316   |   |   |   | 18,674 |   |
| Substandard     |   |                                            | 31,579  |   |       |   | 1,575   |   |   |   | 33,154 |   |
| Nonaccrual      |   |                                            | 14,479  |   |       |   | 7,122   |   |   |   | 21,601 |   |
|            |   | $                                               | 239,363 |   |       |   | 399,579 |   |   |   | 638,942 |   |

|                        |   | MortgageDivisionPortfolio                       |    |   | ConsumerandInstallment |   |    | Total  |   |
|-----------------------------|--------|-------------------------------------------------|---------|--------|------------------------|--------|---------|--------|--------|
|                        |   | (dollars expressed in thousands) |    |
|                        |   |                                            |    |   |                   |   |    |   |   |
| Pass                        |   | $                                          | 277,379 |   |                   |   | 28,947  |   |   |   | 306,326 |   |
| Substandard                 |   |                                            | 9,859   |   |                   |   | — |   |   |   | 9,859 |   |
| Troubled debt restructuring |   |                                            | 91,329  |   |                   |   | — |   |   |   | 91,329 |   |
| Nonaccrual                  |   |                                            | 33,386  |   |                   |   | 165     |   |   |   | 33,551 |   |
|                        |   | $                                               | 411,953 |   |                   |   | 29,112  |   |   |   | 441,065 |   |

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|                                     |   | RecordedInvestment                              |    |   | UnpaidPrincipalBalance |   |    | RelatedAllowancefor LoanLosses |   |   | AverageRecordedInvestment |   |   | InterestIncomeRecognized |    |
|------------------------------------------|--------|-------------------------------------------------|---------|--------|------------------------|--------|---------|-------------------------------------|--------|--------|---------------------------|--------|--------|--------------------------|---------|
|                                     |   | (dollars expressed in thousands) |    |
| With No Related Allowance Recorded:      |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |
| Commercial, financial and agricultural   |   | $                                          | 9,777   |   |                   |   | 29,258  |                                |   |   | —                   |   |   |                     | 9,244   |   |   |   | 246 |   |
| Real estate construction and development |   |                                            | 40,527  |   |                   |   | 40,997  |                                |   |   | —                   |   |   |                     | 79,408  |   |   |   | 38 |   |
| Real estate mortgage:                    |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |   |   |   |   |   |
| Bank portfolio                           |   |                                            | 4,141   |   |                   |   | 4,324   |                                |   |   | —                   |   |   |                     | 4,088   |   |   |   | — |   |
| Mortgage Division portfolio              |   |                                            | 15,469  |   |                   |   | 34,113  |                                |   |   | —                   |   |   |                     | 15,536  |   |   |   | — |   |
| Home equity portfolio                    |   |                                            | — |   |                   |   | — |                                |   |   | —                   |   |   |                     | — |   |   |   | — |   |
| Multi-family residential                 |   |                                            | 5,555   |   |                   |   | 5,702   |                                |   |   | —                   |   |   |                     | 4,833   |   |   |   | — |   |
| Commercial real estate                   |   |                                            | 54,317  |   |                   |   | 56,983  |                                |   |   | —                   |   |   |                     | 47,881  |   |   |   | 1,249 |   |
| Consumer and installment                 |   |                                            | — |   |                   |   | — |                                |   |   | —                   |   |   |                     | — |   |   |   | — |   |
|                                     |   |                                            | 129,786 |   |                   |   | 171,377 |                                |   |   | —                   |   |   |                     | 160,990 |   |   |   | 1,533 |   |
| With A Related Allowance Recorded:       |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |   |   |   |   |   |
| Commercial, financial and agricultural   |   |                                            | 57,588  |   |                   |   | 70,668  |                                |   |   | 6,617                     |   |   |                     | 54,448  |   |   |   | 21 |   |
| Real estate construction and development |   |                                            | 96,862  |   |                   |   | 187,568 |                                |   |   | 10,605                    |   |   |                     | 189,790 |   |   |   | 695 |   |
| Real estate mortgage:                    |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |   |   |   |   |   |
| Bank portfolio                           |   |                                            | 10,338  |   |                   |   | 12,550  |                                |   |   | 372                       |   |   |                     | 10,204  |   |   |   | — |   |
| Mortgage Division portfolio              |   |                                            | 109,246 |   |                   |   | 117,075 |                                |   |   | 16,746                    |   |   |                     | 109,721 |   |   |   | 3,697 |   |
| Home equity portfolio                    |   |                                            | 7,122   |   |                   |   | 7,601   |                                |   |   | 1,155                     |   |   |                     | 5,302   |   |   |   | — |   |
| Multi-family residential                 |   |                                            | 7,405   |   |                   |   | 12,349  |                                |   |   | 1,024                     |   |   |                     | 6,443   |   |   |   | — |   |
| Commercial real estate                   |   |                                            | 93,299  |   |                   |   | 120,311 |                                |   |   | 14,329                    |   |   |                     | 82,244  |   |   |   | — |   |
| Consumer and installment                 |   |                                            | 165     |   |                   |   | 165     |                                |   |   | 55                        |   |   |                     | 290     |   |   |   | — |   |
|                                     |   |                                            | 382,025 |   |                   |   | 528,287 |                                |   |   | 50,903                    |   |   |                     | 458,442 |   |   |   | 4,413 |   |
| Total:                                   |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |   |   |   |   |   |
| Commercial, financial and agricultural   |   |                                            | 67,365  |   |                   |   | 99,926  |                                |   |   | 6,617                     |   |   |                     | 63,692  |   |   |   | 267 |   |
| Real estate construction and development |   |                                            | 137,389 |   |                   |   | 228,565 |                                |   |   | 10,605                    |   |   |                     | 269,198 |   |   |   | 733 |   |
| Real estate mortgage:                    |   |                                            |    |   |                   |   |    |                                |   |   |                      |   |   |                     |    |   |   |   |   |   |
| Bank portfolio                           |   |                                            | 14,479  |   |                   |   | 16,874  |                                |   |   | 372                       |   |   |                     | 14,292  |   |   |   | — |   |
| Mortgage Division portfolio              |   |                                            | 124,715 |   |                   |   | 151,188 |                                |   |   | 16,746                    |   |   |                     | 125,257 |   |   |   | 3,697 |   |
| Home equity portfolio                    |   |                                            | 7,122   |   |                   |   | 7,601   |                                |   |   | 1,155                     |   |   |                     | 5,302   |   |   |   | — |   |
| Multi-family residential                 |   |                                            | 12,960  |   |                   |   | 18,051  |                                |   |   | 1,024                     |   |   |                     | 11,276  |   |   |   | — |   |
| Commercial real estate                   |   |                                            | 147,616 |   |                   |   | 177,294 |                                |   |   | 14,329                    |   |   |                     | 130,125 |   |   |   | 1,249 |   |
| Consumer and installment                 |   |                                            | 165     |   |                   |   | 165     |                                |   |   | 55                        |   |   |                     | 290     |   |   |   | — |   |
|                                     |   | $                                               | 511,811 |   |                   |   | 699,664 |                                |   |   | 50,903                    |   |   |                     | 619,432 |   |   |   | 5,946 |   |

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|                           |   | 2010                                            |   |   | 2009   |   |
|--------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                           |   | (dollars expressed in thousands) |   |
|                           |   |                                            |   |   |   |   |
| Balance, beginning of year     |   | $                                               | 1,945  |   |   |   | 9,997 |   |
| Transfers to other real estate |   |                                            | (721   | )      |   |   | (3,779 | ) |
| Loans charged-off              |   |                                            | (872   | )      |   |   | (3,607 | ) |
| Payments and settlements       |   |                                            | (38    | )      |   |   | (666 | ) |
| Balance, end of year           |   | $                                               | 314    |   |   |   | 1,945 |   |

|                                              |   | 2010                                            |     |   | 2009   |   |     | 2008   |   |
|---------------------------------------------------|--------|-------------------------------------------------|----------|--------|--------|--------|----------|--------|--------|
|                                              |   | (dollars expressed in thousands) |     |
|                                              |   |                                            |     |   |   |   |     |   |   |
| Balance, beginning of year                        |   | $                                               | 266,448  |   |   |   | 220,214  |   |   |   | 168,391 |   |
| Allowance for loan losses allocated to loans sold |   |                                            | (321     | )      |   |   | (4,725   | )      |   |   | — |   |
|                                              |   |                                            | 266,127  |   |   |   | 215,489  |   |   |   | 168,391 |   |
| Loans charged-off                                 |   |                                            | (331,196 | )      |   |   | (352,723 | )      |   |   | (331,021 | ) |
| Recoveries of loans previously charged-off        |   |                                            | 52,102   |   |   |   | 13,682   |   |   |   | 14,844 |   |
| Net loans charged-off                             |   |                                            | (279,094 | )      |   |   | (339,041 | )      |   |   | (316,177 | ) |
| Provision for loan losses                         |   |                                            | 214,000  |   |   |   | 390,000  |   |   |   | 368,000 |   |
| Balance, end of year                              |   | $                                               | 201,033  |   |   |   | 266,448  |   |   |   | 220,214 |   |

|                                                            |   | CommercialandIndustrial                         |      |   | Real EstateConstructionandDevelopment |   |     | One-to-FourFamilyResidential |   |   | Multi-FamilyResidential |   |   | CommercialReal Estate |    |   | ConsumerandInstallment |   |      | Total  |   |
|-----------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|--------------------------------------------|--------|----------|------------------------------|--------|--------|-------------------------|--------|--------|----------------------------|---------|--------|------------------------|--------|-----------|--------|--------|
|                                                            |   | (dollars expressed in thousands) |      |
| Allowance for Loan Losses:                                      |   |                                            |      |   |                                       |   |     |                         |   |   |                    |   |   |                       |    |   |                   |   |      |   |   |
| Beginning balance                                               |   | $                                               | 42,533    |   |                                       |   | 90,006   |                         |   |   | 78,593                  |   |   |                       | 5,108   |   |                   |   | 49,189    |   |   |   | 1,019 |   |   |   | 266,448 |   |
| Charge-offs                                                     |   |                                            | (52,072   | )      |                                       |   | (143,394 | )                            |   |   | (62,208                 | )      |   |                       | (9,266  | )      |                   |   | (63,259   | )      |   |   | (997 | ) |   |   | (331,196 | ) |
| Recoveries                                                      |   |                                            | 37,776    |   |                                       |   | 5,256    |                         |   |   | 5,229                   |   |   |                       | 14      |   |                   |   | 3,370     |   |   |   | 457 |   |   |   | 52,102 |   |
| Provision for loan losses                                       |   |                                            | 84        |   |                                       |   | 106,571  |                         |   |   | 39,148                  |   |   |                       | 9,302   |   |                   |   | 58,580    |   |   |   | 315 |   |   |   | 214,000 |   |
| Allowance for loan losses allocated to loans sold               |   |                                            | (321      | )      |                                       |   | —  |                         |   |   | —                 |   |   |                       | — |   |                   |   | —   |   |   |   | — |   |   |   | (321 | ) |
| Ending balance                                                  |   | $                                               | 28,000    |   |                                       |   | 58,439   |                         |   |   | 60,762                  |   |   |                       | 5,158   |   |                   |   | 47,880    |   |   |   | 794 |   |   |   | 201,033 |   |
| Ending balance: individually evaluated for impairment           |   | $                                               | 4,690     |   |                                       |   | 6,572    |                         |   |   | 4,975                   |   |   |                       | 644     |   |                   |   | 9,997     |   |   |   | — |   |   |   | 26,878 |   |
| Ending balance: collectively evaluated for impairment           |   | $                                               | 23,310    |   |                                       |   | 51,867   |                         |   |   | 55,787                  |   |   |                       | 4,514   |   |                   |   | 37,883    |   |   |   | 794 |   |   |   | 174,155 |   |
| Financing receivables:                                          |   |                                            |      |   |                                       |   |     |                         |   |   |                    |   |   |                       |    |   |                   |   |      |   |   |   |   |   |   |   |   |   |
| Ending balance                                                  |   | $                                               | 1,045,832 |   |                                       |   | 490,766  |                         |   |   | 1,050,895               |   |   |                       | 178,289 |   |                   |   | 1,642,920 |   |   |   | 29,112 |   |   |   | 4,437,814 |   |
| Ending balance: individually evaluated for impairment           |   |                                            | 44,585    |   |                                       |   | 128,797  |                         |   |   | 30,388                  |   |   |                       | 14,051  |   |                   |   | 135,163   |   |   |   | — |   |   |   | 352,984 |   |
| Ending balance: collectively evaluated for impairment           |   | $                                               | 1,001,247 |   |                                       |   | 361,969  |                         |   |   | 1,020,507               |   |   |                       | 164,238 |   |                   |   | 1,507,757 |   |   |   | 29,112 |   |   |   | 4,084,830 |   |
| Ending balance: loans acquired with deteriorated credit quality |   | $                                               | —   |   |                                       |   | —  |                         |   |   | 314                     |   |   |                       | — |   |                   |   | —   |   |   |   | — |   |   |   | 314 |   |

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|                                                    |   | December 31,                               |   |
|---------------------------------------------------------|--------|-------------------------------------------------|--------|
|                                                    |   | 2010                                            |   |   | 2009 |   |
|                                                    |   | NotionalAmount                                  |   |   | CreditExposure |   |   | NotionalAmount |   |   | CreditExposure |   |
|                                                    |   | (dollars expressed in thousands) |   |
|                                                    |   |                                            |   |   |   |   |   |   |   |   |   |   |
| Cash flow hedges – subordinated debentures (1)(2) |   | $                                               | 75,000 |   |   |   | — |   |   |   | 125,000 |   |   |   | — |   |
| Customer interest rate swap agreements                  |   |                                            | 53,696 |   |   |   | 869 |   |   |   | 80,194 |   |   |   | 683 |   |
| Interest rate lock commitments                          |   |                                            | 41,857 |   |   |   | 276 |   |   |   | 36,000 |   |   |   | 369 |   |
| Forward commitments to sell mortgage-backedsecurities   |   |                                            | 84,100 |   |   |   | 1,538 |   |   |   | 61,000 |   |   |   | 647 |   |

|   | (1) | In August 2009, the Company discontinued hedge accounting following the announcement of the deferral of interest payments on the underlying trust preferred securities associated with its junior subordinated debentures. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | In December 2010, the Company terminated its $50.0 million notional amount interest rate swap agreement, scheduled to mature on December 15, 2011. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

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| Maturity Date |   | NotionalAmount                                  |    |   | Interest RatePaid |   |   | Interest RateReceived |   |   | Fair Value |   |
|--------------------|--------|-------------------------------------------------|---------|--------|------------------------|--------|--------|----------------------------|--------|--------|-----------------|--------|
|               |   | (dollars expressed in thousands) |    |
|               |   |                                            |    |   |                   |   |   |                       |   |   |            |   |
| December 31, 2010: |   |                                            |    |   |                   |   |   |                       |   |   |            |   |
| July 7, 2011       |   | $                                               | 25,000  |   |                   |   | 4.40   | %                          |   |   | 1.94            | %      |   | $ | (313 | ) |
| March 30, 2012     |   |                                            | 25,000  |   |                   |   | 4.71   |                       |   |   | 1.91            |   |   |   | (822 | ) |
| December 15, 2012  |   |                                            | 25,000  |   |                   |   | 5.57   |                       |   |   | 2.55            |   |   |   | (1,267 | ) |
|               |   | $                                               | 75,000  |   |                   |   | 4.89   |                       |   |   | 2.13            |   |   | $ | (2,402 | ) |
|               |   |                                            |    |   |                   |   |   |                       |   |   |            |   |   |   |   |   |
| December 31, 2009: |   |                                            |    |   |                   |   |   |                       |   |   |            |   |   |   |   |   |
| July 7, 2011       |   | $                                               | 25,000  |   |                   |   | 4.40   | %                          |   |   | 1.93            | %      |   | $ | (644 | ) |
| December 15, 2011  |   |                                            | 50,000  |   |                   |   | 4.91   |                       |   |   | 2.10            |   |   |   | (1,668 | ) |
| March 30, 2012     |   |                                            | 25,000  |   |                   |   | 4.71   |                       |   |   | 1.86            |   |   |   | (884 | ) |
| December 15, 2012  |   |                                            | 25,000  |   |                   |   | 5.57   |                       |   |   | 2.50            |   |   |   | (975 | ) |
|               |   | $                                               | 125,000 |   |                   |   | 4.90   |                       |   |   | 2.10            |   |   | $ | (4,171 | ) |

|   | Ø | In September 2006, the Company entered into a $200.0 million notional amount three-year interest rate swap agreement and a $200.0 million notional amount four-year interest rate swap agreement. The underlying hedged assets were certain variable rate loans within the Company’s commercial loan portfolio. The swap agreements provided for the Company to receive a fixed rate of interest and pay an adjustable rate of interest equivalent to the weighted average prime lending rate minus 2.86%. The terms of the swap agreements provided for the Company to pay and receive interest on a quarterly basis. In December 2008, the Company terminated these swap agreements. The pre-tax gain of $20.8 million, in aggregate, was amortized as an increase to interest and fees on loans in the consolidated statements of operations over the remaining terms of the respective interest rate swap agreements, which had contractual maturity dates of September 18, 2009 and September 20, 2010. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                        | December 31, 2010                     |   | December 31, 2009     |   |
|---------------------------------------------------------------------------------------------|-------------------------------------------------|--------|---------------------------------|--------|
|                                                                                        | Balance SheetLocation                      |   | Fair ValueGain (Loss) |   | Balance SheetLocation |   | Fair ValueGain (Loss) |   |
|                                                                                        | (dollars expressed in thousands) |   |
|                                                                                        |                                            |   |                            |   |   |   |   |   |
| Derivative financial instruments not designated as hedging instruments under ASC Topic 815: |                                            |   |                            |   |   |   |   |   |
|                                                                                        |                                            |   |                            |   |   |   |   |   |
| Customer interest rate swap agreements                                                      | Other assets                               |   | $                               | 792    |   | Other assets |   | $ | 589 |   |
| Interest rate lock commitments                                                              | Other assets                               |   |                            | 276    |   | Other assets |   |   | 369 |   |
| Forward commitments to sell mortgage-backed securities                                      | Other assets                               |   |                            | 1,538  |   | Other assets |   |   | 647 |   |
| Total derivatives in other assets                                                           |                                            |   | $                               | 2,606  |   |   |   | $ | 1,605 |   |
|                                                                                        |                                            |   |                            |   |   |   |   |   |   |   |
| Interest rate swap agreements – subordinated debentures                               | Other liabilities                          |   | $                               | (2,402 | ) | Other liabilities |   | $ | (4,171 | ) |
| Customer interest rate swap agreements                                                      | Other liabilities                          |   |                            | (636   | ) | Other liabilities |   |   | (345 | ) |
| Total derivatives in other liabilities                                                      |                                            |   | $                               | (3,038 | ) |   |   | $ | (4,516 | ) |

|                                                                                                                |   | 2010                                            |    |   | 2009   |   |    | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                |   | (dollars expressed in thousands) |    |
|                                                                                                                |   |                                            |    |   |   |   |    |   |   |
| Derivative financial instruments designated as hedginginstruments under ASC Topic 815:                              |   |                                            |    |   |   |   |    |   |   |
|                                                                                                                |   |                                            |    |   |   |   |    |   |   |
| Cash flow hedges – loans:                                                                                     |   |                                            |    |   |   |   |    |   |   |
| Amount reclassified from accumulated other comprehensive income to interest income on loans                         |   | $                                               | 5,745   |   |   |   | 13,730  |   |   |   | 11,664 |   |
| Amount of loss recognized in other comprehensive income (loss)                                                      |   |                                            | — |   |   |   | — |   |   |   | (252 | ) |
|                                                                                                                |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Cash flow hedges – subordinated debentures(1):                                                                |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Amount reclassified from accumulated other comprehensive loss to interest expense on junior subordinated debentures |   |                                            | — |   |   |   | 1,279   |   |   |   | 124 |   |
| Amount reclassified from accumulated other comprehensive loss to net loss on derivative instruments                 |   |                                            | — |   |   |   | (4,587  | )      |   |   | — |   |
| Amount of unrealized loss recognized in other comprehensive loss                                                    |   |                                            | — |   |   |   | (990    | )      |   |   | (5,000 | ) |

| (1) | In August 2009, the Company discontinued hedge accounting following the announcement of the deferral of interest payments on the underlying trust preferred securities associated with its junior subordinated debentures. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                        |   | 2010                                            |    |   | 2009   |   |    | 2008   |   |
|---------------------------------------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                        |   | (dollars expressed in thousands) |    |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |
| Derivative financial instruments not designated as hedging instruments under ASC Topic 815: |   |                                            |    |   |   |   |    |   |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |
| Interest rate swap agreements – subordinated debentures:                              |   |                                            |    |   |   |   |    |   |   |
| Net loss on derivative instruments                                                          |   | $                                               | (2,929  | )      |   |   | (5,585  | )      |   |   | — |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Customer interest rate swap agreements:                                                     |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Net gain on derivative instruments                                                          |   |                                            | 4       |   |   |   | 711     |   |   |   | — |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Interest rate floor agreements:                                                             |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Net gain on derivative instruments                                                          |   |                                            | — |   |   |   | — |   |   |   | 1,730 |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Interest rate floor agreements embedded in term repurchase agreements:                      |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Gain on extinguishment of term repurchase agreement                                         |   |                                            | — |   |   |   | — |   |   |   | 5,000 |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Interest rate lock commitments:                                                             |   |                                            |    |   |   |   |    |   |   |   |   |   |
| (Loss) gain on loans sold and held for sale                                                 |   |                                            | (93     | )      |   |   | (462    | )      |   |   | 808 |   |
|                                                                                        |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Forward commitments to sell mortgage-backed securities:                                     |   |                                            |    |   |   |   |    |   |   |   |   |   |
| Gain (loss) on loans sold and held for sale                                                 |   |                                            | 891     |   |   |   | 972     |   |   |   | (365 | ) |

|                                                                                                       |   | 2010                                            |   |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                                                                                                       |   | (dollars expressed in thousands) |   |
|                                                                                                       |   |                                            |   |   |   |   |
| Balance, beginning of year                                                                                 |   | $                                               | 12,130 |   |   |   | 7,418 |   |
| Originated mortgage servicing rights                                                                       |   |                                            | 4,469  |   |   |   | 6,342 |   |
| Change in fair value resulting from changes in valuation inputs or assumptions used in valuation model (1) |   |                                            | (1,167 | )      |   |   | 1,342 |   |
| Other changes in fair value (2)                                                                            |   |                                            | (3,282 | )      |   |   | (2,972 | ) |
| Balance, end of year                                                                                       |   | $                                               | 12,150 |   |   |   | 12,130 |   |

| (1) | The change in fair value resulting from changes in valuation inputs or assumptions used in valuation model primarily reflects the change in discount rates and prepayment speed assumptions, primarily due to changes in interest rates. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Other changes in fair value reflect changes due to the collection/realization of expected cash flows over time. |
|-----|-----------------------------------------------------------------------------------------------------------------|

|                                                                                                       |   | 2010                                            |   |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                                                                                                       |   | (dollars expressed in thousands) |   |
|                                                                                                       |   |                                            |   |   |   |   |
| Balance, beginning of year                                                                                 |   | $                                               | 8,478  |   |   |   | 8,963 |   |
| Originated SBA servicing rights                                                                            |   |                                            | 63     |   |   |   | 781 |   |
| Change in fair value resulting from changes in valuation inputs or assumptions used in valuation model (1) |   |                                            | 683    |   |   |   | 282 |   |
| Other changes in fair value (2)                                                                            |   |                                            | (1,792 | )      |   |   | (1,548 | ) |
| Balance, end of year                                                                                       |   | $                                               | 7,432  |   |   |   | 8,478 |   |

| (1) | The change in fair value resulting from changes in valuation inputs or assumptions used in valuation model primarily reflects the change in discount rates and prepayment speed assumptions, primarily due to changes in interest rates. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Other changes in fair value reflect changes due to the collection/realization of expected cash flows over time. |
|-----|-----------------------------------------------------------------------------------------------------------------|

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|                                      |   | 2010                                            |     |   | 2009   |   |
|-------------------------------------------|--------|-------------------------------------------------|----------|--------|--------|--------|
|                                      |   | (dollars expressed in thousands) |     |
|                                      |   |                                            |     |   |   |   |
| Land                                      |   | $                                               | 43,471   |   |   |   | 42,142 |   |
| Buildings and improvements                |   |                                            | 142,451  |   |   |   | 151,046 |   |
| Furniture, fixtures and equipment         |   |                                            | 110,832  |   |   |   | 118,231 |   |
| Leasehold improvements                    |   |                                            | 14,262   |   |   |   | 31,258 |   |
| Construction in progress                  |   |                                            | 1,691    |   |   |   | 3,205 |   |
| Total                                     |   |                                            | 312,707  |   |   |   | 345,882 |   |
| Accumulated depreciation and amortization |   |                                            | (151,293 | )      |   |   | (167,580 | ) |
| Bank premises and equipment, net          |   | $                                               | 161,414  |   |   |   | 178,302 |   |

|                                |   | (dollars expressed inthousands) |   |
|-------------------------------------|--------|-------------------------------------------|--------|
|                                |   |                                      |   |
| Year ending December 31 (1):        |   |                                      |   |
| 2011                                |   | $                                         | 12,920 |   |
| 2012                                |   |                                      | 11,403 |   |
| 2013                                |   |                                      | 8,588  |   |
| 2014                                |   |                                      | 7,136  |   |
| 2015                                |   |                                      | 5,353  |   |
| Thereafter                          |   |                                      | 34,043 |   |
| Total future minimum lease payments |   | $                                         | 79,443 |   |

|   | (1) | Amounts exclude future minimum lease payments under non-cancellable operating leases associated with assets and liabilities held for sale of $129,000, $141,000, $141,000, $141,000 and $141,000 for the years ended December 31, 2011, 2012, 2013, 2014 and 2015, respectively, and $129,000 thereafter, or a total of $822,000. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                           |   | 2010                             |    |   | 2009                     |   |
|--------------------------------|--------|----------------------------------|---------|--------|--------------------------|--------|
|                           |   | Gross Carrying Amount            |    |   | Accumulated Amortization |   |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                             |    |   |                     |   |   |   |   |   |   |   |
| Amortized intangible assets:   |   |                             |    |   |                     |   |   |   |   |   |   |   |
| Core deposit intangibles (1)   |   | $                                | 20,594  |   |                     |   | (17,507 | ) |   |   | 23,622 |   |   |   | (16,150 | ) |
|                           |   |                             |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Unamortized intangible assets: |   |                             |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill (2)                   |   | $                                | 125,967 |   |                     |   |   |   |   |   | 136,967 |   |   |   |   |   |

|   | (1) | The gross carrying amount and accumulated amortization for core deposit intangibles at December 31, 2010 have been reduced by $617,000 and $559,000, respectively, or a net of $58,000, related to discontinued operations, as further described in Note 2 to the consolidated financial statements. The gross carrying amount and accumulated amortization for core deposit intangibles at December 31, 2009 have been reduced by $17.8 million and $11.6 million, respectively, or a net of $6.2 million, related to discontinued operations. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Goodwill at December 31, 2010 and 2009 has been reduced by $2.0 million and $41.0 million, respectively, related to discontinued operations and assets held for sale, as further described below and in Note 2 to the consolidated financial statements. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                     |   | (dollars expressed inthousands) |   |
|--------------------------|--------|-------------------------------------------|--------|
| Year ending December 31: |   |                                      |   |
| 2011                     |   | $                                         | 2,623  |   |
| 2012                     |   |                                      | 464    |   |
| Total                    |   | $                                         | 3,087  |   |

|                                              |   | 2010                                            |    |   | 2009   |   |
|---------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|
|                                              |   | (dollars expressed in thousands) |    |
|                                              |   |                                            |    |   |   |   |
| Balance, beginning of year                        |   | $                                               | 136,967 |   |   |   | 266,028 |   |
| Goodwill acquired during the year (1)             |   |                                            | — |   |   |   | 2,939 |   |
| Goodwill impairment                               |   |                                            | — |   |   |   | (75,000 | ) |
| Goodwill allocated to sale transactions (2)       |   |                                            | (9,000  | )      |   |   | (16,000 | ) |
| Goodwill allocated to discontinued operations (3) |   |                                            | (1,500  | )      |   |   | (40,000 | ) |
| Goodwill allocated to assets held for sale (3)    |   |                                            | (500    | )      |   |   | (1,000 | ) |
| Balance, end of year                              |   | $                                               | 125,967 |   |   |   | 136,967 |   |

|   | (1) | Goodwill acquired during 2009 pertains to additional earn-out consideration associated with the acquisition of ANB in March 2006. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Goodwill allocated to sale transactions during 2010 pertains to the sale of a portion of the Northern Illinois Region in September 2010, as previously described above. Goodwill allocated to sale transactions during 2009 pertains to the sale of ANB in September 2009, the sale of certain assets and liabilities of WIUS in December 2009 and the sale of the Springfield Branch in November 2009, as further described above and in Note 2 to the consolidated financial statements. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Goodwill allocated to discontinued operations and assets held for sale during 2010 pertain to the Northern Illinois Region and the Edwardsville Branch. Goodwill allocated to discontinued operations and assets held for sale during 2009 pertains to the Chicago Region, the Texas Region and the Lawrenceville Branch, as further described above and in Note 2 to the consolidated financial statements. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                     |   | Time Deposits of$100,000 or More |    |   | OtherTime Deposits |   |      | Total  |   |
|--------------------------|--------|------------------------------------------------------|---------|--------|-------------------------|--------|-----------|--------|--------|
|                     |   | (dollars expressed in thousands)      |    |
| Year ending December 31: |   |                                                 |    |   |                    |   |      |   |   |
| 2011                     |   | $                                                    | 695,492 |   |                    |   | 1,070,569 |   |   |   | 1,766,061 |   |
| 2012                     |   |                                                 | 109,381 |   |                    |   | 211,452   |   |   |   | 320,833 |   |
| 2013                     |   |                                                 | 18,936  |   |                    |   | 42,113    |   |   |   | 61,049 |   |
| 2014                     |   |                                                 | 1,850   |   |                    |   | 5,095     |   |   |   | 6,945 |   |
| 2015                     |   |                                                 | 2,992   |   |                    |   | 6,492     |   |   |   | 9,484 |   |
| Thereafter               |   |                                                 | — |   |                    |   | 101       |   |   |   | 101 |   |
| Total                    |   | $                                                    | 828,651 |   |                    |   | 1,335,822 |   |   |   | 2,164,473 |   |

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|                                            |   | 2010                                            |    |   | 2009   |   |
|-------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|
|                                            |   | (dollars expressed in thousands) |    |
|                                            |   |                                            |    |   |   |   |
| Securities sold under agreements to repurchase: |   |                                            |    |   |   |   |
| Daily                                           |   | $                                               | 31,761  |   |   |   | 47,494 |   |
| Term (1)                                        |   |                                            | — |   |   |   | 120,000 |   |
| FHLB advances (2)                               |   |                                            | — |   |   |   | 600,000 |   |
| Total                                           |   | $                                               | 31,761  |   |   |   | 767,494 |   |

|   | (1) | In the fourth quarter of 2010, First Bank prepaid its $120.0 million term repurchase agreement and incurred an early termination fee of $5.5 million. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | In the first quarter of 2010, First Bank prepaid two $100.0 million FHLB advances and incurred prepayment penalties of $281,000, in aggregate. In the third quarter of 2010, First Bank prepaid an additional two $100.0 million FHLB advances and incurred prepayment penalties of $1.9 million, in aggregate. In the fourth quarter of 2010, First Bank prepaid its remaining two $100.0 FHLB advances and incurred prepayment penalties of $3.2 million, in aggregate. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Maturity Date    |   | Par Amount                           |    | Interest Rate |   |
|-----------------------|--------|-------------------------------------------|---------|--------------------|--------|
|                  |   | (dollars expressed inthousands) |    |               |   |
|                  |   |                                      |    |               |   |
| April 12, 2012 (1)(2) |   | $                                         | 120,000 |               |   |   | 3.36 | % |

|   | (1) | First Bank prepaid this term repurchase agreement on November 8, 2010 and incurred an early termination fee of $5.5 million, which was recorded as noninterest expense in the consolidated statements of operations. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | On March 31, 2008, First Bank restructured its previous $100.0 million term repurchase agreement. The primary modifications were to: (a) increase the borrowing amount to $120.0 million; (b) extend the maturity date from October 12, 2010 to April 12, 2012; (c) convert the interest rate from a variable rate to a fixed rate of 3.36%, with interest to be paid quarterly beginning on April 12, 2008; and (d) terminate the embedded interest rate floor agreements contained within the term repurchase agreement. These modifications resulted in a gain of $5.0 million, which was recorded as noninterest income in the consolidated statements of operations. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Maturity Date     |   | Par Amount                           |    |   | Interest Rate |   |
|------------------------|--------|-------------------------------------------|---------|--------|--------------------|--------|
|                   |   | (dollars expressedin thousands) |    |   |               |   |
|                   |   |                                      |    |
| December 31, 2009:     |   |                                      |    |   |               |   |
| Fixed Rate:            |   |                                      |    |   |               |   |
| April 23, 2010 (1)     |   | $                                         | 100,000 |   |               |   | 1.69 | % |
| July 9, 2010 (2)       |   |                                      | 100,000 |   |               |   | 0.85 | % |
| April 27, 2011 (3)     |   |                                      | 100,000 |   |               |   | 1.77 | % |
| July 11, 2011 (4)      |   |                                      | 100,000 |   |               |   | 1.49 | % |
| August 8, 2012 (5)     |   |                                      | 100,000 |   |               |   | 2.20 | % |
|                   |   | $                                         | 500,000 |   |               |   | 1.60 | % |
|                   |   |                                      |    |   |               |   |   |   |
| Variable Rate:         |   |                                      |    |   |               |   |   |   |
| September 23, 2016 (6) |   | $                                         | 100,000 |   |               |   | 0.20 | % |

|   | (1) | On March 29, 2010, First Bank prepaid this FHLB advance and incurred a prepayment penalty of $104,000. |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | (2) | On March 29, 2010, First Bank prepaid this FHLB advance and incurred a prepayment penalty of $177,000. |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | (3) | On August 24, 2010, First Bank prepaid this FHLB advance and incurred a prepayment penalty of $941,000. |
|--------|-----|---------------------------------------------------------------------------------------------------------|

|   | (4) | On September 27, 2010, First Bank prepaid this FHLB advance and incurred a prepayment penalty of $966,000. |
|--------|-----|------------------------------------------------------------------------------------------------------------|

|   | (5) | On November 5, 2010, First Bank prepaid this FHLB advance and incurred a prepayment penalty of $3.2 million. |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (6) | On December 23, 2010, First Bank prepaid this FHLB advance and did not incur a prepayment penalty. |
|--------|-----|----------------------------------------------------------------------------------------------------|

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| Name of Trust          |   | Issuance Date  |   | Maturity Date           |   | Call Date (1)      |   | InterestRate (2) |    |       | TrustPreferredSecurities                  |   |   | SubordinatedDebentures |   |
|----------------------------------|--------|---------------------|--------|------------------------------|--------|------------------------------|--------|-----------------------|---------|------------|-------------------------------------------|--------|--------|------------------------|--------|
|                             |   |                |   |                         |   |                         |   |                  |    |       | (dollars expressed inthousands) |   |
| Variable Rate                    |   |                |   |                         |   |                         |   |                  |    |       |                                      |   |   |                   |   |
| First Bank Statutory Trust II    |   | September 2004 |   | September 20, 2034 |   | September 20, 2009 |   |                  | + 205.0 | bp         |                                      | $      | 20,000 |                   |   | $ | 20,619 |   |
| Royal Oaks Capital Trust I       |   | October 2004   |   | January 7, 2035    |   | January 7, 2010    |   |                  | + 240.0 | bp         |                                      |   | 4,000  |                   |   |   | 4,124 |   |
| First Bank Statutory Trust III   |   | November 2004  |   | December 15, 2034  |   | December 15, 2009  |   |                  | + 218.0 | bp         |                                      |   | 40,000 |                   |   |   | 41,238 |   |
| First Bank Statutory Trust IV    |   | March 2006     |   | March 15, 2036     |   | March 15, 2011     |   |                  | + 142.0 | bp         |                                      |   | 40,000 |                   |   |   | 41,238 |   |
| First Bank Statutory Trust V     |   | April 2006     |   | June 15, 2036      |   | June 15, 2011      |   |                  | + 145.0 | bp         |                                      |   | 20,000 |                   |   |   | 20,619 |   |
| First Bank Statutory Trust VI    |   | June 2006      |   | July 7, 2036       |   | July 7, 2011       |   |                  | + 165.0 | bp (3a)    |                                      |   | 25,000 |                   |   |   | 25,774 |   |
| First Bank Statutory Trust VII   |   | December 2006  |   | December 15, 2036  |   | December 15, 2011  |   |                  | + 185.0 | bp (3b)(4) |                                      |   | 50,000 |                   |   |   | 51,547 |   |
| First Bank Statutory Trust VIII  |   | February 2007  |   | March 30, 2037     |   | March 30, 2012     |   |                  | + 161.0 | bp (3c)    |                                      |   | 25,000 |                   |   |   | 25,774 |   |
| First Bank Statutory Trust X     |   | August 2007    |   | September 15, 2037 |   | September 15, 2012 |   |                  | + 230.0 | bp         |                                      |   | 15,000 |                   |   |   | 15,464 |   |
| First Bank Statutory Trust IX    |   | September 2007 |   | December 15, 2037  |   | December 15, 2012  |   |                  | + 225.0 | bp (3d)    |                                      |   | 25,000 |                   |   |   | 25,774 |   |
| First Bank Statutory Trust XI    |   | September 2007 |   | December 15, 2037  |   | December 15, 2012  |   |                  | + 285.0 | bp         |                                      |   | 10,000 |                   |   |   | 10,310 |   |
|                             |   |                |   |                         |   |                         |   |                  |    |       |                                      |   |   |                   |   |   |   |   |
| Fixed Rate                       |   |                |   |                         |   |                         |   |                  |    |       |                                      |   |   |                   |   |   |   |   |
| First Bank Statutory Trust       |   | March 2003     |   | March 20, 2033     |   | March 20, 2008     |   |                  | 8.10    | %          |                                      |   | 25,000 |                   |   |   | 25,774 |   |
| First Preferred Capital Trust IV |   | April 2003     |   | June 30, 2033      |   | June 30, 2008      |   |                  | 8.15    | %          |                                      |   | 46,000 |                   |   |   | 47,423 |   |

| (1) | The junior subordinated debentures are callable at the option of the Company on the call date shown at 100% of the principal amount plus accrued and unpaid interest. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The interest rates paid on the trust preferred securities are based on either a variable rate or a fixed rate. The variable rate is based on the three-month LIBOR plus the basis point spread shown. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | In March 2008, the Company entered into four interest rate swap agreements, which were designated as cash flow hedges prior to August 10, 2009, to effectively convert the interest payments on these junior subordinated debentures from variable rate to fixed rate to the respective call dates as follows: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | $25.0 million notional amount with a maturity date of July 7, 2011 that converts the interest rate from a variable rate of LIBOR plus 165 basis points to a fixed rate of 4.40%; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | $50.0 million notional amount with a maturity date of December 15, 2011 that converts the interest rate from a variable rate of LIBOR plus 185 basis points to a fixed rate of 4.905%; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | $25.0 million notional amount with a maturity date of March 30, 2012 that converts the interest rate from a variable rate of LIBOR plus 161 basis points to a fixed rate of 4.71%; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | $25.0 million notional amount with a maturity date of December 15, 2012 that converts the interest rate from a variable rate of LIBOR plus 225 basis points to a fixed rate of 5.565%. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | In December 2010, the Company terminated this interest rate swap agreement. |
|-----|-----------------------------------------------------------------------------|

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|                                               |   | 2010                                            |    |   | 2009   |   |     | 2008   |   |
|----------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|----------|--------|--------|
|                                               |   | (dollars expressed in thousands) |    |
|                                               |   |                                            |    |   |   |   |     |   |   |
| Current (benefit) provision for income taxes:      |   |                                            |    |   |   |   |     |   |   |
| Federal                                            |   | $                                               | (366    | )      |   |   | (13      | )      |   |   | (47,657 | ) |
| State                                              |   |                                            | (71     | )      |   |   | 89       |   |   |   | 134 |   |
|                                               |   |                                            | (437    | )      |   |   | 76       |   |   |   | (47,523 | ) |
|                                               |   |                                            |    |   |   |   |     |   |   |   |   |   |
| Deferred benefit for income taxes:                 |   |                                            |    |   |   |   |     |   |   |   |   |   |
| Federal                                            |   |                                            | (59,890 | )      |   |   | (102,001 | )      |   |   | (29,222 | ) |
| State                                              |   |                                            | (14,577 | )      |   |   | (27,558  | )      |   |   | (14,721 | ) |
|                                               |   |                                            | (74,467 | )      |   |   | (129,559 | )      |   |   | (43,943 | ) |
| Increase in deferred tax asset valuation allowance |   |                                            | 79,018  |   |   |   | 131,876  |   |   |   | 109,789 |   |
| Total                                              |   | $                                               | 4,114   |   |   |   | 2,393    |   |   |   | 18,323 |   |

|                                                                                                                                 |   | Years Ended December 31,         |     |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|----------|
|                                                                                                                                 |   | 2010                                            |     |   | 2009 |   |   | 2008 |   |
|                                                                                                                                 |   | Amount                                          |     |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                                                                                                                 |   | (dollars expressed in thousands) |     |
|                                                                                                                                 |   |                                            |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations before benefit for income taxes and noncontrolling interest in loss of subsidiaries                  |   | $                                               | (206,324 | ) |   |   |   |   | $ | (394,552 | ) |   |   |   |   | $ | (211,836 | ) |   |   |   |
| Benefit for income taxes calculated at federal statutory income tax rates                                                            |   | $                                               | (72,214  | ) |   |   | 35.0 | % |   | $ | (138,093 | ) |   |   | 35.0 | % |   | $ | (74,143 | ) |   |   | 35.0 | % |
| Effects of differences in tax reporting:                                                                                             |   |                                            |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax-exempt interest income, net of tax preference adjustment                                                                         |   |                                            | (308     | ) |   |   | 0.1 |   |   |   | (515 | ) |   |   | 0.1 |   |   |   | (768 | ) |   |   | 0.4 |   |
| State income taxes                                                                                                                   |   |                                            | (9,517   | ) |   |   | 4.6 |   |   |   | (13,108 | ) |   |   | 3.3 |   |   |   | (9,687 | ) |   |   | 4.6 |   |
| Bank owned life insurance, net of premium                                                                                            |   |                                            | 3,144    |   |   |   | (1.5 | ) |   |   | 7,817 |   |   |   | (2.0 | ) |   |   | (952 | ) |   |   | 0.4 |   |
| Noncontrolling investment in flow-through entity                                                                                     |   |                                            | 2,280    |   |   |   | (1.1 | ) |   |   | 7,460 |   |   |   | (1.9 | ) |   |   | 405 |   |   |   | (0.2 | ) |
| Amortization of intangibles                                                                                                          |   |                                            | 350      |   |   |   | (0.2 | ) |   |   | 26,600 |   |   |   | (6.7 | ) |   |   | — |   |   |   | — |   |
| Increase in deferred tax asset valuation allowance, net of federal benefit                                                           |   |                                            | 74,079   |   |   |   | (35.8 | ) |   |   | 111,129 |   |   |   | (28.2 | ) |   |   | 100,306 |   |   |   | (47.3 | ) |
| Reclassification of deferred tax asset valuation allowance from accumulated other comprehensive income to provision for income taxes |   |                                            | 6,816    |   |   |   | (3.3 | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Expiration of net operating loss carryforwards                                                                                       |   |                                            | 5        |   |   |   | — |   |   |   | 1,357 |   |   |   | (0.3 | ) |   |   | 2,828 |   |   |   | (1.3 | ) |
| Other, net                                                                                                                           |   |                                            | (521     | ) |   |   | 0.2 |   |   |   | (254 | ) |   |   | 0.1 |   |   |   | 334 |   |   |   | (0.2 | ) |
| Provision for income taxes                                                                                                           |   | $                                               | 4,114    |   |   |   | (2.0 | )% |   | $ | 2,393 |   |   |   | (0.6 | )% |   | $ | 18,323 |   |   |   | (8.6 | )% |

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|                                                                   |   | December 31,                               |     |
|------------------------------------------------------------------------|--------|-------------------------------------------------|----------|
|                                                                   |   | 2010                                            |     |   | 2009 |   |
|                                                                   |   | (dollars expressed in thousands) |     |
|                                                                   |   |                                            |     |   |   |   |
| Deferred tax assets:                                                   |   |                                            |     |   |   |   |
| Federal net operating loss carryforwards                               |   | $                                               | 166,714  |   |   |   | 98,249 |   |
| State net operating loss carryforwards                                 |   |                                            | 43,700   |   |   |   | 31,291 |   |
| Allowance for loan losses                                              |   |                                            | 83,173   |   |   |   | 111,624 |   |
| Loans held for sale                                                    |   |                                            | 1,532    |   |   |   | 1,997 |   |
| Alternative minimum and general business tax credits                   |   |                                            | 16,414   |   |   |   | 14,716 |   |
| Interest on nonaccrual loans                                           |   |                                            | 18,429   |   |   |   | 17,820 |   |
| Deferred compensation                                                  |   |                                            | 3,934    |   |   |   | 3,869 |   |
| Core deposit intangibles                                               |   |                                            | 2,245    |   |   |   | 818 |   |
| Partnership and corporate investments                                  |   |                                            | 8,908    |   |   |   | 21,923 |   |
| Overdraft, robbery and other fraud losses                              |   |                                            | 5,724    |   |   |   | 2,709 |   |
| Other real estate owned                                                |   |                                            | 19,018   |   |   |   | 2,893 |   |
| Accrued contingent liabilities                                         |   |                                            | 3,656    |   |   |   | 3,725 |   |
| Other                                                                  |   |                                            | 13,755   |   |   |   | 8,133 |   |
| Gross deferred tax assets                                              |   |                                            | 387,202  |   |   |   | 319,767 |   |
| Valuation allowance                                                    |   |                                            | (369,198 | ) |   |   | (295,067 | ) |
| Deferred tax assets, net of valuation allowance                        |   |                                            | 18,004   |   |   |   | 24,700 |   |
| Deferred tax liabilities:                                              |   |                                            |     |   |   |   |   |   |
| Depreciation on bank premises and equipment                            |   |                                            | 5,940    |   |   |   | 6,521 |   |
| Servicing rights                                                       |   |                                            | 3,222    |   |   |   | 5,477 |   |
| Net fair value adjustment for derivative instruments                   |   |                                            | —  |   |   |   | 2,011 |   |
| Net fair value adjustment for available-for-sale investment securities |   |                                            | 119      |   |   |   | 450 |   |
| Discount on loans                                                      |   |                                            | 799      |   |   |   | 790 |   |
| Equity investments                                                     |   |                                            | 5,385    |   |   |   | 5,481 |   |
| State taxes                                                            |   |                                            | 4,522    |   |   |   | 4,549 |   |
| Deferred loan fees                                                     |   |                                            | 4,505    |   |   |   | 6,325 |   |
| Other                                                                  |   |                                            | 694      |   |   |   | 968 |   |
| Deferred tax liabilities                                               |   |                                            | 25,186   |   |   |   | 32,572 |   |
| Net deferred tax liabilities                                           |   | $                                               | (7,182   | ) |   |   | (7,872 | ) |

|                                                                                       |   | 2010                                            |    |   | 2009   |   |    | 2008   |   |
|--------------------------------------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                       |   | (dollars expressed in thousands) |    |
|                                                                                       |   |                                            |    |   |   |   |    |   |   |
| Balance, beginning of year                                                                 |   | $                                               | 295,067 |   |   |   | 160,052 |   |   |   | 23,278 |   |
| Reversal of deferred tax asset valuation allowance to provision for income taxes           |   |                                            | (1,189  | )      |   |   | (2,229  | )      |   |   | (22,938 | ) |
| Increase in deferred tax asset valuation allowance to provision for income taxes           |   |                                            | 73,001  |   |   |   | 134,134 |   |   |   | 157,085 |   |
| Increase in deferred tax asset valuation allowance to accumulated other comprehensive loss |   |                                            | 2,319   |   |   |   | 3,110   |   |   |   | 1,707 |   |
| Adjustment to purchase acquisitions completed in prior periods                             |   |                                            | — |   |   |   | — |   |   |   | 920 |   |
| Balance, end of year                                                                       |   | $                                               | 369,198 |   |   |   | 295,067 |   |   |   | 160,052 |   |

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|                                        |   | 2010                                            |    |   | 2009   |   |
|---------------------------------------------|--------|-------------------------------------------------|---------|--------|--------|--------|
|                                        |   | (dollars expressed in thousands) |    |
|                                        |   |                                            |    |   |   |   |
| Balance, beginning of year                  |   | $                                               | 3,424   |   |   |   | 3,314 |   |
| Additions:                                  |   |                                            |    |   |   |   |   |   |
| Tax positions taken during the current year |   |                                            | 280     |   |   |   | 234 |   |
| Tax positions taken during the prior year   |   |                                            | 60      |   |   |   | — |   |
| Reductions:                                 |   |                                            |    |   |   |   |   |   |
| Tax positions taken during the prior year   |   |                                            | — |   |   |   | (39 | ) |
| Allocated to discontinued operations        |   |                                            | (37     | )      |   |   | — |   |
| Lapse of statute of limitations             |   |                                            | (2,451  | )      |   |   | (85 | ) |
| Balance, end of year                        |   | $                                               | 1,276   |   |   |   | 3,424 |   |

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|                     |   | (dollars expressed inthousands) |    |
|--------------------------|--------|-------------------------------------------|---------|
| Year ending December 31: |   |                                      |    |
| 2011                     |   | $                                         | 3       |   |
| 2012                     |   |                                      | 1,834   |   |
| 2013 – 2016        |   |                                      | — |   |
| 2017 – 2020        |   |                                      | 5,339   |   |
| 2021 – 2026        |   |                                      | 43,105  |   |
| 2028 – 2030        |   |                                      | 426,044 |   |
| Total                    |   | $                                         | 476,325 |   |

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|                                                                                              |   | Years Ended December 31,                                                   |      |
|---------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|-----------|
|                                                                                              |   | 2010                                                                                      |      |   | 2009 |   |   | 2008 |   |
|                                                                                              |   | (dollars in thousands,except share and per share data) |      |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |
| Basic:                                                                                            |   |                                                                                      |      |   |   |   |   |   |   |
| Net loss from continuing operations attributable to First Banks, Inc.                             |   | $                                                                                         | (203,924  | ) |   |   | (375,630 | ) |   |   | (229,001 | ) |
| Preferred stock dividends declared and undeclared                                                 |   |                                                                                      | (16,980   | ) |   |   | (16,536 | ) |   |   | (786 | ) |
| Accretion of discount on preferred stock                                                          |   |                                                                                      | (3,381    | ) |   |   | (3,299 | ) |   |   | — |   |
| Net loss from continuing operations attributable to common stockholders                           |   |                                                                                      | (224,285  | ) |   |   | (395,465 | ) |   |   | (229,787 | ) |
| Net income (loss) from discontinued operations attributable to common stockholders                |   |                                                                                      | 12,187    |   |   |   | (51,991 | ) |   |   | (58,154 | ) |
| Net loss available to First Banks, Inc. common stockholders                                       |   | $                                                                                         | (212,098  | ) |   |   | (447,456 | ) |   |   | (287,941 | ) |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Weighted average shares of common stock outstanding                                               |   |                                                                                      | 23,661    |   |   |   | 23,661 |   |   |   | 23,661 |   |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Basic loss per common share – continuing operations                                         |   | $                                                                                         | (9,479.14 | ) |   |   | (16,713.78 | ) |   |   | (9,711.66 | ) |
| Basic earnings (loss) per common share – discontinued operations                            |   | $                                                                                         | 515.07    |   |   |   | (2,197.32 | ) |   |   | (2,457.80 | ) |
| Basic loss per common share                                                                       |   | $                                                                                         | (8,964.07 | ) |   |   | (18,911.10 | ) |   |   | (12,169.46 | ) |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Diluted:                                                                                          |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Net loss from continuing operations attributable to common stockholders                           |   | $                                                                                         | (224,285  | ) |   |   | (395,465 | ) |   |   | (229,787 | ) |
| Net income (loss) from discontinued operations attributable to common stockholders                |   |                                                                                      | 12,187    |   |   |   | (51,991 | ) |   |   | (58,154 | ) |
| Net loss available to First Banks, Inc. common stockholders                                       |   |                                                                                      | (212,098  | ) |   |   | (447,456 | ) |   |   | (287,941 | ) |
| Effect of dilutive securities:                                                                    |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Class A convertible preferred stock                                                               |   |                                                                                      | —   |   |   |   | — |   |   |   | — |   |
| Diluted loss per common share – net loss available to First Banks, Inc. common stockholders |   | $                                                                                         | (212,098  | ) |   |   | (447,456 | ) |   |   | (287,941 | ) |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Weighted average shares of common stock outstanding                                               |   |                                                                                      | 23,661    |   |   |   | 23,661 |   |   |   | 23,661 |   |
| Effect of dilutive securities:                                                                    |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Class A convertible preferred stock                                                               |   |                                                                                      | —   |   |   |   | — |   |   |   | — |   |
| Weighted average diluted shares of common stock outstanding                                       |   |                                                                                      | 23,661    |   |   |   | 23,661 |   |   |   | 23,661 |   |
|                                                                                              |   |                                                                                      |      |   |   |   |   |   |   |   |   |   |
| Diluted loss per common share – continuing operations                                       |   | $                                                                                         | (9,479.14 | ) |   |   | (16,713.78 | ) |   |   | (9,711.66 | ) |
| Diluted earnings (loss) per common share – discontinued operations                          |   | $                                                                                         | 515.07    |   |   |   | (2,197.32 | ) |   |   | (2,457.80 | ) |
| Diluted loss per common share                                                                     |   | $                                                                                         | (8,964.07 | ) |   |   | (18,911.10 | ) |   |   | (12,169.46 | ) |

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|                                     |   | December 31,                               |      |
|------------------------------------------|--------|-------------------------------------------------|-----------|
|                                     |   | 2010                                            |      |   | 2009 |   |
|                                     |   | (dollars expressed in thousands) |      |
|                                     |   |                                            |      |   |   |   |
| Commitments to extend credit             |   | $                                               | 917,974   |   |   |   | 1,491,353 |   |
| Commercial and standby letters of credit |   |                                            | 90,463    |   |   |   | 147,313 |   |
| Total                                    |   | $                                               | 1,008,437 |   |   |   | 1,638,666 |   |

|   | Level 1 Inputs | – | Valuation is based on quoted prices in active markets for identical instruments in active markets. |
|--------|--------------------------|---------|----------------------------------------------------------------------------------------------------|

|   | Level 2 Inputs | – | Valuation is based on quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. |
|--------|--------------------------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 3 Inputs | – | Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. |
|--------|--------------------------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                           |   | Fair Value Measurements               |    |
|----------------------------------------------------------------|--------|-------------------------------------------------|---------|
|                                                           |   | December 31, 2010                     |    |
|                                                           |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                                           |   | (dollars expressed in thousands) |    |
| Assets:                                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Available-for-sale investment securities:                      |   |                                            |    |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                                                  |   | $                                               | 101,202 |   |   |   | — |   |   |   | — |   |   |   | 101,202 |   |
| U.S. Government sponsored agencies                             |   |                                            | — |   |   |   | 20,332 |   |   |   | — |   |   |   | 20,332 |   |
| Residential mortgage-backed                                    |   |                                            | — |   |   |   | 1,341,578 |   |   |   | — |   |   |   | 1,341,578 |   |
| Commercial mortgage-backed                                     |   |                                            | — |   |   |   | 1,008 |   |   |   | — |   |   |   | 1,008 |   |
| State and political subdivisions                               |   |                                            | — |   |   |   | 8,387 |   |   |   | — |   |   |   | 8,387 |   |
| Equity investments                                             |   |                                            | — |   |   |   | 10,678 |   |   |   | — |   |   |   | 10,678 |   |
| Mortgage loans held for sale                                   |   |                                            | — |   |   |   | 54,470 |   |   |   | — |   |   |   | 54,470 |   |
| Derivative instruments:                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer interest rate swap agreements                         |   |                                            | — |   |   |   | 792 |   |   |   | — |   |   |   | 792 |   |
| Interest rate lock commitments                                 |   |                                            | — |   |   |   | 276 |   |   |   | — |   |   |   | 276 |   |
| Forward commitments to sell mortgage – backed securities |   |                                            | — |   |   |   | 1,538 |   |   |   | — |   |   |   | 1,538 |   |
| Servicing rights                                               |   |                                            | — |   |   |   | — |   |   |   | 19,582 |   |   |   | 19,582 |   |
| Total                                                          |   | $                                               | 101,202 |   |   |   | 1,439,059 |   |   |   | 19,582 |   |   |   | 1,559,843 |   |
|                                                           |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                   |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments:                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap agreements                                  |   | $                                               | — |   |   |   | 2,402 |   |   |   | — |   |   |   | 2,402 |   |
| Customer interest rate swap agreements                         |   |                                            | — |   |   |   | 636 |   |   |   | — |   |   |   | 636 |   |
| Nonqualified deferred compensation plan                        |   |                                            | 7,790   |   |   |   | — |   |   |   | — |   |   |   | 7,790 |   |
| Total                                                          |   | $                                               | 7,790   |   |   |   | 3,038 |   |   |   | — |   |   |   | 10,828 |   |

|                                                           |   | Fair Value Measurements               |    |
|----------------------------------------------------------------|--------|-------------------------------------------------|---------|
|                                                           |   | December 31, 2009                     |    |
|                                                           |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                                           |   | (dollars expressed in thousands) |    |
| Assets:                                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Available-for-sale investment securities:                      |   |                                            |    |   |   |   |   |   |   |   |   |   |
| U.S. Government sponsored agencies                             |   | $                                               | — |   |   |   | 1,547 |   |   |   | — |   |   |   | 1,547 |   |
| Residential mortgage-backed                                    |   |                                            | — |   |   |   | 498,348 |   |   |   | — |   |   |   | 498,348 |   |
| Commercial mortgage-backed                                     |   |                                            | — |   |   |   | 985 |   |   |   | — |   |   |   | 985 |   |
| State and political subdivisions                               |   |                                            | — |   |   |   | 12,174 |   |   |   | — |   |   |   | 12,174 |   |
| Equity investments                                             |   |                                            | 3,600   |   |   |   | 10,678 |   |   |   | — |   |   |   | 14,278 |   |
| Mortgage loans held for sale                                   |   |                                            | — |   |   |   | 35,562 |   |   |   | — |   |   |   | 35,562 |   |
| Derivative instruments:                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer interest rate swap agreements                         |   |                                            | — |   |   |   | 589 |   |   |   | — |   |   |   | 589 |   |
| Interest rate lock commitments                                 |   |                                            | — |   |   |   | 369 |   |   |   | — |   |   |   | 369 |   |
| Forward commitments to sell mortgage – backed securities |   |                                            | — |   |   |   | 647 |   |   |   | — |   |   |   | 647 |   |
| Servicing rights                                               |   |                                            | — |   |   |   | — |   |   |   | 20,608 |   |   |   | 20,608 |   |
| Total                                                          |   | $                                               | 3,600   |   |   |   | 560,899 |   |   |   | 20,608 |   |   |   | 585,107 |   |
|                                                           |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                   |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments:                                        |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap agreements                                  |   | $                                               | — |   |   |   | 4,171 |   |   |   | — |   |   |   | 4,171 |   |
| Customer interest rate swap agreements                         |   |                                            | — |   |   |   | 345 |   |   |   | — |   |   |   | 345 |   |
| Nonqualified deferred compensation plan                        |   |                                            | 9,013   |   |   |   | — |   |   |   | — |   |   |   | 9,013 |   |
| Total                                                          |   | $                                               | 9,013   |   |   |   | 4,516 |   |   |   | — |   |   |   | 13,529 |   |

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|                                         |   | Servicing Rights                     |    |
|----------------------------------------------|--------|-------------------------------------------|---------|
|                                         |   | 2010                                      |    |   | 2009 |   |
|                                         |   | (dollars expressed inthousands) |    |
|                                         |   |                                      |    |   |   |   |
| Balance, beginning of year                   |   | $                                         | 20,608  |   |   |   | 16,381 |   |
| Total gains or losses (realized/unrealized): |   |                                      |    |   |   |   |   |   |
| Included in earnings (1)                |   |                                      | (5,558  | ) |   |   | (2,896 | ) |
| Included in other comprehensive income       |   |                                      | — |   |   |   | — |   |
| Issuances                                    |   |                                      | 4,532   |   |   |   | 7,123 |   |
| Transfers in and/or out of level 3           |   |                                      | — |   |   |   | — |   |
| Balance, end of year                         |   | $                                         | 19,582  |   |   |   | 20,608 |   |

|   | (1) | Gains or losses (realized/unrealized) are included in noninterest income in the consolidated statements of operations. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

|                                     |   | Fair Value Measurements               |    |
|------------------------------------------|--------|-------------------------------------------------|---------|
|                                     |   | December 31, 2010                     |    |
|                                     |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Assets:                                  |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Impaired loans:                          |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural   |   | $                                               | — |   |   |   | — |   |   |   | 60,748 |   |   |   | 60,748 |   |
| Real estate construction and development |   |                                            | — |   |   |   | — |   |   |   | 126,784 |   |   |   | 126,784 |   |
| Real estate mortgage:                    |   |                                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank portfolio                           |   |                                            | — |   |   |   | — |   |   |   | 14,107 |   |   |   | 14,107 |   |
| Mortgage Division portfolio              |   |                                            | — |   |   |   | — |   |   |   | 107,969 |   |   |   | 107,969 |   |
| Home equity portfolio                    |   |                                            | — |   |   |   | — |   |   |   | 5,967 |   |   |   | 5,967 |   |
| Multi-family residential                 |   |                                            | — |   |   |   | — |   |   |   | 11,936 |   |   |   | 11,936 |   |
| Commercial real estate                   |   |                                            | — |   |   |   | — |   |   |   | 133,287 |   |   |   | 133,287 |   |
| Consumer and installment                 |   |                                            | — |   |   |   | — |   |   |   | 110 |   |   |   | 110 |   |
| Other real estate                        |   |                                            | — |   |   |   | — |   |   |   | 140,628 |   |   |   | 140,628 |   |
| Total                                    |   | $                                               | — |   |   |   | — |   |   |   | 601,536 |   |   |   | 601,536 |   |

|                |   | Fair Value Measurements               |    |
|---------------------|--------|-------------------------------------------------|---------|
|                |   | December 31, 2009                     |    |
|                |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                |   | (dollars expressed in thousands) |    |
|                |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Assets:             |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Loans held for sale |   | $                                               | — |   |   |   | 7,122 |   |   |   | — |   |   |   | 7,122 |   |
| Impaired loans      |   |                                            | — |   |   |   | — |   |   |   | 662,080 |   |   |   | 662,080 |   |
| Other real estate   |   |                                            | — |   |   |   | — |   |   |   | 125,226 |   |   |   | 125,226 |   |
| Total               |   | $                                               | — |   |   |   | 7,122 |   |   |   | 787,306 |   |   |   | 794,428 |   |

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|                                                                             |   | 2010                                            |      |   | 2009                     |   |
|----------------------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|--------------------------|--------|
|                                                                             |   | CarryingValue                                   |      |   | EstimatedFair Value |   |   | CarryingValue |   |   | EstimatedFair Value |   |
|                                                                             |   | (dollars expressed in thousands) |      |
| Financial Assets:                                                                |   |                                            |      |   |                     |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                        |   | $                                               | 995,758   |   |                     |   | 995,758 |   |   |   | 2,516,251 |   |   |   | 2,516,251 |   |
| Investment securities:                                                           |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Available for sale                                                               |   |                                            | 1,483,185 |   |                     |   | 1,483,185 |   |   |   | 527,332 |   |   |   | 527,332 |   |
| Held to maturity                                                                 |   |                                            | 11,152    |   |                     |   | 11,990 |   |   |   | 14,225 |   |   |   | 15,258 |   |
| Loans held for portfolio                                                         |   |                                            | 4,236,781 |   |                     |   | 3,973,825 |   |   |   | 6,299,161 |   |   |   | 5,902,354 |   |
| Loans held for sale                                                              |   |                                            | 54,470    |   |                     |   | 54,470 |   |   |   | 42,684 |   |   |   | 42,684 |   |
| FHLB and Federal Reserve Bank stock                                              |   |                                            | 30,121    |   |                     |   | 30,121 |   |   |   | 65,076 |   |   |   | 65,076 |   |
| Derivative instruments                                                           |   |                                            | 2,606     |   |                     |   | 2,606 |   |   |   | 1,605 |   |   |   | 1,605 |   |
| Bank-owned life insurance                                                        |   |                                            | —   |   |                     |   | — |   |   |   | 26,372 |   |   |   | 26,372 |   |
| Accrued interest receivable                                                      |   |                                            | 22,488    |   |                     |   | 22,488 |   |   |   | 25,731 |   |   |   | 25,731 |   |
| Assets held for sale                                                             |   |                                            | 2,266     |   |                     |   | 2,866 |   |   |   | 16,975 |   |   |   | 16,975 |   |
| Assets of discontinued operations                                                |   |                                            | 43,532    |   |                     |   | 43,532 |   |   |   | 518,056 |   |   |   | 518,056 |   |
|                                                                             |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities:                                                           |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                        |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand                                                       |   | $                                               | 1,167,206 |   |                     |   | 1,167,206 |   |   |   | 1,270,276 |   |   |   | 1,270,276 |   |
| Interest-bearing demand                                                          |   |                                            | 919,973   |   |                     |   | 919,973 |   |   |   | 914,020 |   |   |   | 914,020 |   |
| Savings and money market                                                         |   |                                            | 2,206,763 |   |                     |   | 2,206,763 |   |   |   | 2,260,869 |   |   |   | 2,260,869 |   |
| Time deposits                                                                    |   |                                            | 2,164,473 |   |                     |   | 2,176,855 |   |   |   | 2,618,808 |   |   |   | 2,640,741 |   |
| Other borrowings                                                                 |   |                                            | 31,761    |   |                     |   | 31,761 |   |   |   | 767,494 |   |   |   | 764,992 |   |
| Derivative instruments                                                           |   |                                            | 3,038     |   |                     |   | 3,038 |   |   |   | 4,516 |   |   |   | 4,516 |   |
| Accrued interest payable                                                         |   |                                            | 22,444    |   |                     |   | 22,444 |   |   |   | 12,196 |   |   |   | 12,196 |   |
| Subordinated debentures                                                          |   |                                            | 353,981   |   |                     |   | 202,298 |   |   |   | 353,905 |   |   |   | 272,007 |   |
| Liabilities held for sale                                                        |   |                                            | 23,406    |   |                     |   | 23,276 |   |   |   | 24,381 |   |   |   | 23,164 |   |
| Liabilities of discontinued operations                                           |   |                                            | 94,184    |   |                     |   | 91,894 |   |   |   | 1,730,264 |   |   |   | 1,660,206 |   |
|                                                                             |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Off-Balance Sheet Financial Instruments:                                         |   |                                            |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Commitments to extend credit, standby letters of credit and financial guarantees |   | $                                               | (3,148    | )      |                     |   | (3,148 | ) |   |   | (738 | ) |   |   | (738 | ) |

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|                                                        |   | 2010                                            |   |   | 2009   |   |
|-------------------------------------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                                                        |   | (dollars expressed in thousands) |   |
| Change in Projected Benefit Obligation:                     |   |                                            |   |   |   |   |
| Projected benefit obligation at beginning of year           |   | $                                               | 12,124 |   |   |   | 9,893 |   |
| Interest cost                                               |   |                                            | 628    |   |   |   | 724 |   |
| Actuarial loss                                              |   |                                            | 396    |   |   |   | 2,269 |   |
| Benefit payments                                            |   |                                            | (814   | )      |   |   | (762 | ) |
| Projected benefit obligation at end of year                 |   | $                                               | 12,334 |   |   |   | 12,124 |   |
| Change in Fair Value of Plan Assets:                        |   |                                            |   |   |   |   |   |   |
| Fair value at beginning of year                             |   | $                                               | 8,994  |   |   |   | 8,112 |   |
| Actual return on plan assets                                |   |                                            | 616    |   |   |   | 1,426 |   |
| Employer contributions                                      |   |                                            | 414    |   |   |   | 218 |   |
| Benefit payments                                            |   |                                            | (814   | )      |   |   | (762 | ) |
| Fair value at end of year                                   |   | $                                               | 9,210  |   |   |   | 8,994 |   |
| Amount Recognized in Consolidated Balance Sheets:           |   |                                            |   |   |   |   |   |   |
| Accrued pension liability                                   |   | $                                               | 3,124  |   |   |   | 3,130 |   |
| Amounts Recognized in Accumulated Other Comprehensive Loss: |   |                                            |   |   |   |   |   |   |
| Loss                                                        |   | $                                               | (3,658 | )      |   |   | (3,713 | ) |
| Deferred tax liability                                      |   |                                            | 1,438  |   |   |   | 1,497 |   |
| Loss, net of tax                                            |   | $                                               | (2,220 | )      |   |   | (2,216 | ) |

|                                             |   | 2010   |   |   | 2009   |   |
|--------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                             |   |   |   |   |   |   |
| Discount rate                                    |   |   | 5.36   | %      |   |   | 7.64 | % |
| Expected long-term rate of return on Plan assets |   |   | 7.00   |   |   |   | 7.00 |   |

|                               |   | 2010                                            |   |   | 2009   |   |
|------------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                               |   | (dollars expressed in thousands) |   |
|                               |   |                                            |   |   |   |   |
| Interest cost                      |   | $                                               | 628    |   |   |   | 724 |   |
| Expected return on Plan assets     |   |                                            | (613   | )      |   |   | (543 | ) |
| Amortization of net actuarial loss |   |                                            | 447    |   |   |   | 242 |   |
| Net periodic benefit cost          |   | $                                               | 462    |   |   |   | 423 |   |

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|                                                     |   | 2010                                            |   |   | 2009   |   |
|----------------------------------------------------------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                                                     |   | (dollars expressed in thousands) |   |
|                                                     |   |                                            |   |   |   |   |
| Net loss                                                 |   | $                                               | 393    |   |   |   | 1,386 |   |
| Amortization of net actuarial loss                       |   |                                            | (447   | )      |   |   | (242 | ) |
| Total recognized in accumulated other comprehensive loss |   | $                                               | (54    | )      |   |   | 1,144 |   |

|                      |   | Fair Value Measurements               |    |
|---------------------------|--------|-------------------------------------------------|---------|
|                      |   | December 31, 2010                     |    |
|                      |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                      |   | (dollars expressed in thousands) |    |
|                      |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Plan Assets:              |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents |   | $                                               | 620     |   |   |   | — |   |   |   | — |   |   |   | 620 |   |
| Equity securities         |   |                                            | — |   |   |   | 4,355 |   |   |   | — |   |   |   | 4,355 |   |
| Debt securities           |   |                                            | — |   |   |   | 3,797 |   |   |   | — |   |   |   | 3,797 |   |
| Other                     |   |                                            | — |   |   |   | 438 |   |   |   | — |   |   |   | 438 |   |
| Total                     |   | $                                               | 620     |   |   |   | 8,590 |   |   |   | — |   |   |   | 9,210 |   |

|                      |   | Fair Value Measurements               |    |
|---------------------------|--------|-------------------------------------------------|---------|
|                      |   | December 31, 2009                     |    |
|                      |   | Level 1                                    |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                      |   | (dollars expressed in thousands) |    |
|                      |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Plan Assets:              |   |                                            |    |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents |   | $                                               | 426     |   |   |   | — |   |   |   | — |   |   |   | 426 |   |
| Equity securities         |   |                                            | — |   |   |   | 4,790 |   |   |   | — |   |   |   | 4,790 |   |
| Debt securities           |   |                                            | — |   |   |   | 3,400 |   |   |   | — |   |   |   | 3,400 |   |
| Other                     |   |                                            | — |   |   |   | 378 |   |   |   | — |   |   |   | 378 |   |
| Total                     |   | $                                               | 426     |   |   |   | 8,568 |   |   |   | — |   |   |   | 8,994 |   |

|                     |   | (dollars expressed inthousands) |   |
|--------------------------|--------|-------------------------------------------|--------|
| Year ending December 31: |   |                                      |   |
| 2011                     |   | $                                         | 836    |   |
| 2012                     |   |                                      | 828    |   |
| 2013                     |   |                                      | 821    |   |
| 2014                     |   |                                      | 833    |   |
| 2015                     |   |                                      | 847    |   |
| 2016 – 2020        |   |                                      | 4,272  |   |

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|                                                                                                                     |   | Years Ended December 31,         |     |
|--------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|----------|
|                                                                                                                     |   | 2010                                            |     |   | 2009 |   |   | 2008 |   |
|                                                                                                                     |   | (dollars expressed in thousands) |     |
|                                                                                                                     |   |                                            |     |   |   |   |   |   |   |
| Net loss                                                                                                                 |   | $                                               | (198,251 | ) |   |   | (448,936 | ) |   |   | (288,313 | ) |
| Other comprehensive income (loss):                                                                                       |   |                                            |     |   |   |   |   |   |   |   |   |   |
| Unrealized gains on available-for-sale investment securities, net of tax                                                 |   |                                            | 4,764    |   |   |   | 5,874 |   |   |   | 6,043 |   |
| Reclassification adjustment for available-for-sale investment securities (gains) losses included in net loss, net of tax |   |                                            | (5,378   | ) |   |   | (5,004 | ) |   |   | 5,694 |   |
| Reclassification adjustment for deferred tax asset valuation allowance on investment securities                          |   |                                            | (331     | ) |   |   | 469 |   |   |   | — |   |
| Change in unrealized (gains) losses on derivative instruments, net of tax (1)                                            |   |                                            | (3,734   | ) |   |   | (5,755 | ) |   |   | 1,745 |   |
| Reclassification adjustment for deferred tax asset valuation allowance on derivative instruments (2)                     |   |                                            | 4,806    |   |   |   | (3,099 | ) |   |   | (1,707 | ) |
| Amortization of net loss related to pension liability, net of tax                                                        |   |                                            | (4       | ) |   |   | (664 | ) |   |   | (651 | ) |
| Reclassification adjustment for deferred tax asset valuation allowance on pension liability                              |   |                                            | 23       |   |   |   | (480 | ) |   |   | — |   |
| Comprehensive loss                                                                                                       |   |                                            | (198,105 | ) |   |   | (457,595 | ) |   |   | (277,189 | ) |
| Comprehensive loss attributable to noncontrolling interest in subsidiaries                                               |   |                                            | (6,514   | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |
| Comprehensive loss attributable to First Banks, Inc.                                                                     |   | $                                               | (191,591 | ) |   |   | (436,280 | ) |   |   | (276,031 | ) |

| (1) | In the third quarter of 2009, the Company reclassified a cumulative fair value adjustment of $4.6 million on its interest rate swap agreements designated as cash flow hedges on its junior subordinated debentures from accumulated other comprehensive income to loss on derivative instruments as a result of the discontinuation of hedge accounting following the announcement of the deferral of interest payments on the underlying trust preferred securities in August 2009, as further described in Note 5 and Note 12 to the consolidated financial statements. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | In the third quarter of 2010, the Company reclassified an accumulated other comprehensive loss of $6.8 million related to the establishment of a deferred tax asset valuation allowance to its provision for income taxes related to the expiration of the amortization period of the unrealized gain on certain terminated interest rate swap agreements that had been designated as cash flow hedges on certain loans, as further described in Note 5 and Note 13 to the consolidated financial statements. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                   |   | Corporate, Other and Intercompany |      |
|----------------------------------------|--------|--------------------------------------------------|-----------|
|                                   |   | First Bank                                  |      |   | Reclassifications |   |   | Consolidated Totals |   |
|                                   |   | 2010                                             |      |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |
|                                   |   | (dollars expressed in thousands)  |      |
| Balance sheet information:             |   |                                             |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment securities                  |   | $                                                | 1,483,659 |   |   |   | 527,279 |   |   |   | 559,611 |   |   |   | 10,678 |   |   |   | 14,278 |   |   |   | 15,483 |   |   |   | 1,494,337 |   |   |   | 541,557 |   |   |   | 575,094 |   |
| Loans, net of unearned discount        |   |                                             | 4,492,284 |   |   |   | 6,608,293 |   |   |   | 8,592,975 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 4,492,284 |   |   |   | 6,608,293 |   |   |   | 8,592,975 |   |
| FHLB and FRB stock                     |   |                                             | 30,121    |   |   |   | 65,076 |   |   |   | 47,832 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 30,121 |   |   |   | 65,076 |   |   |   | 47,832 |   |
| Goodwill and other intangible assets   |   |                                             | 129,054   |   |   |   | 144,439 |   |   |   | 306,800 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 129,054 |   |   |   | 144,439 |   |   |   | 306,800 |   |
| Assets held for sale                   |   |                                             | 2,266     |   |   |   | 16,975 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,266 |   |   |   | 16,975 |   |   |   | — |   |
| Assets of discontinued operations      |   |                                             | 43,532    |   |   |   | 518,056 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 43,532 |   |   |   | 518,056 |   |   |   | — |   |
| Total assets                           |   |                                             | 7,361,706 |   |   |   | 10,561,500 |   |   |   | 10,756,737 |   |   |   | 16,422 |   |   |   | 20,496 |   |   |   | 26,417 |   |   |   | 7,378,128 |   |   |   | 10,581,996 |   |   |   | 10,783,154 |   |
| Deposits                               |   |                                             | 6,462,068 |   |   |   | 7,071,493 |   |   |   | 8,843,901 |   |   |   | (3,653 | ) |   |   | (7,520 | ) |   |   | (102,381 | ) |   |   | 6,458,415 |   |   |   | 7,063,973 |   |   |   | 8,741,520 |   |
| Other borrowings                       |   |                                             | 31,761    |   |   |   | 767,494 |   |   |   | 575,133 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 31,761 |   |   |   | 767,494 |   |   |   | 575,133 |   |
| Subordinated debentures                |   |                                             | —   |   |   |   | — |   |   |   | — |   |   |   | 353,981 |   |   |   | 353,905 |   |   |   | 353,828 |   |   |   | 353,981 |   |   |   | 353,905 |   |   |   | 353,828 |   |
| Liabilities held for sale              |   |                                             | 23,406    |   |   |   | 24,381 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 23,406 |   |   |   | 24,381 |   |   |   | — |   |
| Liabilities of discontinued operations |   |                                             | 94,184    |   |   |   | 1,730,264 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 94,184 |   |   |   | 1,730,264 |   |   |   | — |   |
| Stockholders’ equity             |   |                                             | 693,458   |   |   |   | 878,277 |   |   |   | 1,240,940 |   |   |   | (386,163 | ) |   |   | (355,897 | ) |   |   | (244,585 | ) |   |   | 307,295 |   |   |   | 522,380 |   |   |   | 996,355 |   |

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|                                                                        |   | Corporate, Other and Intercompany |     |
|-----------------------------------------------------------------------------|--------|--------------------------------------------------|----------|
|                                                                        |   | First Bank                                  |     |   | Reclassifications |   |   | Consolidated Totals |   |
|                                                                        |   | 2010                                             |     |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |
|                                                                        |   | (dollars expressed in thousands)  |     |
| Income statement information:                                               |   |                                             |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                             |   | $                                                | 312,333  |   |   |   | 399,801 |   |   |   | 535,697 |   |   |   | 523 |   |   |   | 549 |   |   |   | 900 |   |   |   | 312,856 |   |   |   | 400,350 |   |   |   | 536,597 |   |
| Interest expense                                                            |   |                                             | 66,332   |   |   |   | 104,056 |   |   |   | 162,105 |   |   |   | 12,993 |   |   |   | 15,301 |   |   |   | 22,330 |   |   |   | 79,325 |   |   |   | 119,357 |   |   |   | 184,435 |   |
| Net interest income (loss)                                                  |   |                                             | 246,001  |   |   |   | 295,745 |   |   |   | 373,592 |   |   |   | (12,470 | ) |   |   | (14,752 | ) |   |   | (21,430 | ) |   |   | 233,531 |   |   |   | 280,993 |   |   |   | 352,162 |   |
| Provision for loan losses                                                   |   |                                             | 214,000  |   |   |   | 390,000 |   |   |   | 368,000 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 214,000 |   |   |   | 390,000 |   |   |   | 368,000 |   |
| Net interest income (loss) after provision for loan losses                  |   |                                             | 32,001   |   |   |   | (94,255 | ) |   |   | 5,592 |   |   |   | (12,470 | ) |   |   | (14,752 | ) |   |   | (21,430 | ) |   |   | 19,531 |   |   |   | (109,007 | ) |   |   | (15,838 | ) |
| Noninterest income                                                          |   |                                             | 78,858   |   |   |   | 77,462 |   |   |   | 73,293 |   |   |   | (349 | ) |   |   | (6,771 | ) |   |   | (10,952 | ) |   |   | 78,509 |   |   |   | 70,691 |   |   |   | 62,341 |   |
| Goodwill impairment                                                         |   |                                             | —  |   |   |   | 75,000 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 75,000 |   |   |   | — |   |
| Amortization of intangible assets                                           |   |                                             | 3,325    |   |   |   | 4,391 |   |   |   | 5,746 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 3,325 |   |   |   | 4,391 |   |   |   | 5,746 |   |
| Other noninterest expense                                                   |   |                                             | 300,400  |   |   |   | 276,675 |   |   |   | 250,955 |   |   |   | 639 |   |   |   | 170 |   |   |   | 1,638 |   |   |   | 301,039 |   |   |   | 276,845 |   |   |   | 252,593 |   |
| Loss from continuing operations before provision (benefit) for income taxes |   |                                             | (192,866 | ) |   |   | (372,859 | ) |   |   | (177,816 | ) |   |   | (13,458 | ) |   |   | (21,693 | ) |   |   | (34,020 | ) |   |   | (206,324 | ) |   |   | (394,552 | ) |   |   | (211,836 | ) |
| Provision (benefit) for income taxes                                        |   |                                             | 4,286    |   |   |   | 2,422 |   |   |   | 21,331 |   |   |   | (172 | ) |   |   | (29 | ) |   |   | (3,008 | ) |   |   | 4,114 |   |   |   | 2,393 |   |   |   | 18,323 |   |
| Net loss from continuing operations, net of tax                             |   |                                             | (197,152 | ) |   |   | (375,281 | ) |   |   | (199,147 | ) |   |   | (13,286 | ) |   |   | (21,664 | ) |   |   | (31,012 | ) |   |   | (210,438 | ) |   |   | (396,945 | ) |   |   | (230,159 | ) |
| Discontinued operations, net of tax                                         |   |                                             | 12,187   |   |   |   | (51,991 | ) |   |   | (58,154 | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 12,187 |   |   |   | (51,991 | ) |   |   | (58,154 | ) |
| Net loss                                                                    |   |                                             | (184,965 | ) |   |   | (427,272 | ) |   |   | (257,301 | ) |   |   | (13,286 | ) |   |   | (21,664 | ) |   |   | (31,012 | ) |   |   | (198,251 | ) |   |   | (448,936 | ) |   |   | (288,313 | ) |
| Net loss attributable to noncontrolling interest in subsidiaries            |   |                                             | (6,514   | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (6,514 | ) |   |   | (21,315 | ) |   |   | (1,158 | ) |
| Net loss attributable to First Banks, Inc                                   |   | $                                                | (178,451 | ) |   |   | (405,957 | ) |   |   | (256,143 | ) |   |   | (13,286 | ) |   |   | (21,664 | ) |   |   | (31,012 | ) |   |   | (191,737 | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |

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|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   | To be Well |   |
|-------------------------------------------|--------|-------------------------------------------------|---------|--------|------------------|--------|--------|------------|--------|--------|---------|--------|--------|----------|--------|--------|----------------------|--------|
|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   | Capitalized          |   |
|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   | Under                |   |
|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   | Prompt               |   |
|                                      |   | Actual                                          |    |   | For Capital |   |   | Corrective |   |
|                                      |   | 2010                                            |    |   | 2009             |   |   | Adequacy   |   |   | Action  |   |
|                                      |   | Amount                                          |    |   | Ratio            |   |   | Amount     |   |   | Ratio   |   |   | Purposes |   |   | Provisions           |   |
|                                      |   | (dollars expressed in thousands) |    |   |             |   |   |       |
| Total capital (to risk-weighted assets):  |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   |                 |   |
| First Banks, Inc.                         |   | $                                               | 305,006 |   |             |   | 6.29   | %          |   | $      | 740,560 |   |   |     | 9.78   | %      |                 |   | 8.0 | % |   |   | N/A |   |
| First Bank                                |   |                                            | 626,976 |   |             |   | 12.95  |       |   |   | 785,799 |   |   |     | 10.39  |   |                 |   | 8.0 |   |   |   | 10.0 | % |
|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   |                 |   |   |   |   |   |   |   |
| Tier 1 capital (to risk-weighted assets): |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   |                 |   |   |   |   |   |   |   |
| First Banks, Inc.                         |   |                                            | 152,503 |   |             |   | 3.15   |       |   |   | 370,280 |   |   |     | 4.89   |   |                 |   | 4.0 |   |   |   | N/A |   |
| First Bank                                |   |                                            | 564,664 |   |             |   | 11.66  |       |   |   | 689,117 |   |   |     | 9.11   |   |                 |   | 4.0 |   |   |   | 6.0 |   |
|                                      |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   |                 |   |   |   |   |   |   |   |
| Tier 1 capital (to average assets):       |   |                                            |    |   |             |   |   |       |   |   |    |   |   |     |   |   |                 |   |   |   |   |   |   |   |
| First Banks, Inc.                         |   |                                            | 152,503 |   |             |   | 1.99   |       |   |   | 370,280 |   |   |     | 3.52   |   |                 |   | 4.0 |   |   |   | N/A |   |
| First Bank                                |   |                                            | 564,664 |   |             |   | 7.40   |       |   |   | 689,117 |   |   |     | 6.56   |   |                 |   | 4.0 |   |   |   | 5.0 |   |

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|                                                                    |   | December 31,                               |    |
|-------------------------------------------------------------------------|--------|-------------------------------------------------|---------|
|                                                                    |   | 2010                                            |    |   | 2009 |   |
|                                                                    |   | (dollars expressed in thousands) |    |
| Assets                                                                  |   |                                            |    |   |   |   |
|                                                                    |   |                                            |    |   |   |   |
| Cash deposited in First Bank (unrestricted cash)                        |   | $                                               | 3,619   |   |   |   | 7,400 |   |
| Cash deposited in unaffiliated financial institutions (restricted cash) |   |                                            | 3,126   |   |   |   | 3,862 |   |
| Total cash                                                              |   |                                            | 6,745   |   |   |   | 11,262 |   |
| Available-for-sale investment securities                                |   |                                            | 10,678  |   |   |   | 14,278 |   |
| Investment in subsidiaries                                              |   |                                            | 596,806 |   |   |   | 775,034 |   |
| Other assets                                                            |   |                                            | 2,948   |   |   |   | 2,664 |   |
| Total assets                                                            |   | $                                               | 617,177 |   |   |   | 803,238 |   |
|                                                                    |   |                                            |    |   |   |   |   |   |
| Liabilities and Stockholders’ Equity                              |   |                                            |    |   |   |   |   |   |
|                                                                    |   |                                            |    |   |   |   |   |   |
| Subordinated debentures                                                 |   | $                                               | 353,981 |   |   |   | 353,905 |   |
| Derivative instruments                                                  |   |                                            | 2,402   |   |   |   | 4,171 |   |
| Accrued interest payable                                                |   |                                            | 19,895  |   |   |   | 7,075 |   |
| CPP dividends payable                                                   |   |                                            | 25,139  |   |   |   | 8,158 |   |
| Accrued expenses and other liabilities                                  |   |                                            | 5,367   |   |   |   | 10,965 |   |
| Total liabilities                                                       |   |                                            | 406,784 |   |   |   | 384,274 |   |
| First Banks, Inc. stockholders’ equity                            |   |                                            | 210,393 |   |   |   | 418,964 |   |
| Total liabilities and stockholders’ equity                        |   | $                                               | 617,177 |   |   |   | 803,238 |   |

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|                                                                                             |   | Years Ended December 31,         |     |
|--------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|----------|
|                                                                                             |   | 2010                                            |     |   | 2009 |   |   | 2008 |   |
|                                                                                             |   | (dollars expressed in thousands) |     |
|                                                                                             |   |                                            |     |   |   |   |   |   |   |
| Income:                                                                                          |   |                                            |     |   |   |   |   |   |   |
| Dividends from subsidiaries                                                                      |   | $                                               | —  |   |   |   | — |   |   |   | 55,182 |   |
| Management fees from subsidiaries                                                                |   |                                            | 193      |   |   |   | 2,120 |   |   |   | 32,039 |   |
| Loss on available-for-sale investment securities                                                 |   |                                            | (31      | ) |   |   | (1,205 | ) |   |   | (10,480 | ) |
| Net loss on derivative instruments                                                               |   |                                            | (2,929   | ) |   |   | (5,585 | ) |   |   | — |   |
| Other                                                                                            |   |                                            | 3,154    |   |   |   | 873 |   |   |   | 1,040 |   |
| Total income                                                                                     |   |                                            | 387      |   |   |   | (3,797 | ) |   |   | 77,781 |   |
| Expense:                                                                                         |   |                                            |     |   |   |   |   |   |   |   |   |   |
| Interest                                                                                         |   |                                            | 13,012   |   |   |   | 15,535 |   |   |   | 22,386 |   |
| Salaries and employee benefits                                                                   |   |                                            | —  |   |   |   | 840 |   |   |   | 19,767 |   |
| Other                                                                                            |   |                                            | 809      |   |   |   | 1,334 |   |   |   | 12,999 |   |
| Total expense                                                                                    |   |                                            | 13,821   |   |   |   | 17,709 |   |   |   | 55,152 |   |
| (Loss) income before benefit for income taxes and equity in undistributed losses of subsidiaries |   |                                            | (13,434  | ) |   |   | (21,506 | ) |   |   | 22,629 |   |
| Benefit for income taxes                                                                         |   |                                            | (171     | ) |   |   | (17 | ) |   |   | (3,057 | ) |
| (Loss) income before equity in undistributed losses of subsidiaries                              |   |                                            | (13,263  | ) |   |   | (21,489 | ) |   |   | 25,686 |   |
| Equity in undistributed losses of subsidiaries                                                   |   |                                            | (178,474 | ) |   |   | (406,132 | ) |   |   | (312,841 | ) |
| Net loss attributable to First Banks, Inc.                                                       |   | $                                               | (191,737 | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |

|                                                                                      |   | Years Ended December 31,         |     |
|-------------------------------------------------------------------------------------------|--------|----------------------------------|----------|
|                                                                                      |   | 2010                             |     |   | 2009 |   |   | 2008 |   |
|                                                                                      |   | (dollars expressed in thousands) |     |
|                                                                                      |   |                             |     |   |   |   |   |   |   |
| Cash flows from operating activities:                                                     |   |                             |     |   |   |   |   |   |   |
| Net loss attributable to First Banks, Inc.                                                |   | $                                | (191,737 | ) |   |   | (427,621 | ) |   |   | (287,155 | ) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |   |                             |     |   |   |   |   |   |   |   |   |   |
| Net loss of subsidiaries                                                                  |   |                             | 178,474  |   |   |   | 406,132 |   |   |   | 257,659 |   |
| Dividends from subsidiaries                                                               |   |                             | —  |   |   |   | — |   |   |   | 55,182 |   |
| Other, net                                                                                |   |                             | 6,012    |   |   |   | 13,717 |   |   |   | 6,427 |   |
| Net cash (used in) provided by operating activities                                       |   |                             | (7,251   | ) |   |   | (7,772 | ) |   |   | 32,113 |   |
|                                                                                      |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                     |   |                             |     |   |   |   |   |   |   |   |   |   |
| Decrease (increase) in available-for-sale investment securities                           |   |                             | 3,570    |   |   |   | — |   |   |   | (147 | ) |
| Other, net                                                                                |   |                             | —  |   |   |   | (645 | ) |   |   | (189 | ) |
| Net cash provided by (used in) investing activities                                       |   |                             | 3,570    |   |   |   | (645 | ) |   |   | (336 | ) |
|                                                                                      |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                     |   |                             |     |   |   |   |   |   |   |   |   |   |
| Advances drawn on notes payable                                                           |   |                             | —  |   |   |   | — |   |   |   | 55,000 |   |
| Repayments of notes payable                                                               |   |                             | —  |   |   |   | — |   |   |   | (94,000 | ) |
| Capital contributions to subsidiaries                                                     |   |                             | (100     | ) |   |   | (80,000 | ) |   |   | (200,000 | ) |
| Proceeds from issuance of preferred stock                                                 |   |                             | —  |   |   |   | — |   |   |   | 295,400 |   |
| Payment of preferred stock dividends                                                      |   |                             | —  |   |   |   | (6,365 | ) |   |   | (786 | ) |
| Net cash (used in) provided by financing activities                                       |   |                             | (100     | ) |   |   | (86,365 | ) |   |   | 55,614 |   |
| Net (decrease) increase in unrestricted cash                                              |   |                             | (3,781   | ) |   |   | (94,782 | ) |   |   | 87,391 |   |
| Unrestricted cash, beginning of year                                                      |   |                             | 7,400    |   |   |   | 102,182 |   |   |   | 14,791 |   |
| Unrestricted cash, end of year                                                            |   | $                                | 3,619    |   |   |   | 7,400 |   |   |   | 102,182 |   |
| Noncash investing activities:                                                             |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash paid for interest                                                                    |   | $                                | —  |   |   |   | 11,132 |   |   |   | 22,122 |   |

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|                                                                        |   | 2010 Quarter Ended                                                               |      |
|-----------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|-----------|
|                                                                        |   | March 31                                                                              |      |   | June 30 |   |   | September 30 |   |   | December 31 |   |
|                                                                        |   | (dollars expressed in thousands, except per share data) |      |
|                                                                        |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |
| Interest income                                                             |   | $                                                                                          | 84,771    |   |   |   | 81,499 |   |   |   | 77,649 |   |   |   | 68,937 |   |
| Interest expense                                                            |   |                                                                                       | 22,499    |   |   |   | 20,801 |   |   |   | 18,995 |   |   |   | 17,030 |   |
| Net interest income                                                         |   |                                                                                       | 62,272    |   |   |   | 60,698 |   |   |   | 58,654 |   |   |   | 51,907 |   |
| Provision for loan losses                                                   |   |                                                                                       | 42,000    |   |   |   | 83,000 |   |   |   | 37,000 |   |   |   | 52,000 |   |
| Net interest income (loss) after provision for loan losses                  |   |                                                                                       | 20,272    |   |   |   | (22,302 | ) |   |   | 21,654 |   |   |   | (93 | ) |
| Noninterest income                                                          |   |                                                                                       | 15,408    |   |   |   | 20,344 |   |   |   | 17,065 |   |   |   | 25,692 |   |
| Noninterest expense                                                         |   |                                                                                       | 65,924    |   |   |   | 66,080 |   |   |   | 88,385 |   |   |   | 83,975 |   |
| Loss from continuing operations before provision (benefit) for income taxes |   |                                                                                       | (30,244   | ) |   |   | (68,038 | ) |   |   | (49,666 | ) |   |   | (58,376 | ) |
| Provision (benefit) for income taxes                                        |   |                                                                                       | 105       |   |   |   | 48 |   |   |   | 5,193 |   |   |   | (1,232 | ) |
| Net loss from continuing operations, net of tax                             |   |                                                                                       | (30,349   | ) |   |   | (68,086 | ) |   |   | (54,859 | ) |   |   | (57,144 | ) |
| Income from discontinued operations before benefit for income taxes         |   |                                                                                       | 2,343     |   |   |   | 3,111 |   |   |   | 6,273 |   |   |   | 303 |   |
| Benefit for income taxes                                                    |   |                                                                                       | —   |   |   |   | — |   |   |   | (157 | ) |   |   | — |   |
| Income from discontinued operations, net of tax                             |   |                                                                                       | 2,343     |   |   |   | 3,111 |   |   |   | 6,430 |   |   |   | 303 |   |
| Net loss                                                                    |   |                                                                                       | (28,006   | ) |   |   | (64,975 | ) |   |   | (48,429 | ) |   |   | (56,841 | ) |
| Less: net loss attributable to noncontrolling interest in subsidiaries      |   |                                                                                       | (437      | ) |   |   | (27 | ) |   |   | (618 | ) |   |   | (5,432 | ) |
| Net loss attributable to First Banks, Inc.                                  |   | $                                                                                          | (27,569   | ) |   |   | (64,948 | ) |   |   | (47,811 | ) |   |   | (51,409 | ) |
|                                                                        |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss (income) per common share:                           |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per common share from continuing operations                            |   | $                                                                                          | (1,475.28 | ) |   |   | (3,090.27 | ) |   |   | (2,509.02 | ) |   |   | (2,404.57 | ) |
| Income per common share from discontinued operations                        |   | $                                                                                          | 99.02     |   |   |   | 131.48 |   |   |   | 271.76 |   |   |   | 12.80 |   |
| Loss per common share                                                       |   | $                                                                                          | (1,376.26 | ) |   |   | (2,958.79 | ) |   |   | (2,237.26 | ) |   |   | (2,391.77 | ) |

|                                                                        |   | 2009 Quarter Ended                                                               |      |
|-----------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|-----------|
|                                                                        |   | March 31                                                                              |      |   | June 30 |   |   | September 30 |   |   | December 31 |   |
|                                                                        |   | (dollars expressed in thousands, except per share data) |      |
|                                                                        |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |
| Interest income                                                             |   | $                                                                                          | 105,864   |   |   |   | 103,145 |   |   |   | 98,510 |   |   |   | 92,831 |   |
| Interest expense                                                            |   |                                                                                       | 35,165    |   |   |   | 30,368 |   |   |   | 29,066 |   |   |   | 24,758 |   |
| Net interest income                                                         |   |                                                                                       | 70,699    |   |   |   | 72,777 |   |   |   | 69,444 |   |   |   | 68,073 |   |
| Provision for loan losses                                                   |   |                                                                                       | 108,000   |   |   |   | 112,000 |   |   |   | 107,000 |   |   |   | 63,000 |   |
| Net interest (loss) income after provision for loan losses                  |   |                                                                                       | (37,301   | ) |   |   | (39,223 | ) |   |   | (37,556 | ) |   |   | 5,073 |   |
| Noninterest income                                                          |   |                                                                                       | 19,507    |   |   |   | 21,163 |   |   |   | 15,011 |   |   |   | 15,010 |   |
| Noninterest expense                                                         |   |                                                                                       | 61,880    |   |   |   | 63,704 |   |   |   | 61,781 |   |   |   | 168,871 |   |
| Loss from continuing operations before (benefit) provision for income taxes |   |                                                                                       | (79,674   | ) |   |   | (81,764 | ) |   |   | (84,326 | ) |   |   | (148,788 | ) |
| (Benefit) provision for income taxes                                        |   |                                                                                       | (543      | ) |   |   | 2,972 |   |   |   | 58 |   |   |   | (94 | ) |
| Net loss from continuing operations, net of tax                             |   |                                                                                       | (79,131   | ) |   |   | (84,736 | ) |   |   | (84,384 | ) |   |   | (148,694 | ) |
| Loss from discontinued operations before provision for income taxes         |   |                                                                                       | (12,240   | ) |   |   | (11,416 | ) |   |   | (8,073 | ) |   |   | (20,233 | ) |
| Provision for income taxes                                                  |   |                                                                                       | 29        |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Loss from discontinued operations, net of tax                               |   |                                                                                       | (12,269   | ) |   |   | (11,416 | ) |   |   | (8,073 | ) |   |   | (20,233 | ) |
| Net loss                                                                    |   |                                                                                       | (91,400   | ) |   |   | (96,152 | ) |   |   | (92,457 | ) |   |   | (168,927 | ) |
| Less: net loss attributable to noncontrolling interest in subsidiaries      |   |                                                                                       | (1,994    | ) |   |   | (2,833 | ) |   |   | (1,380 | ) |   |   | (15,108 | ) |
| Net loss attributable to First Banks, Inc.                                  |   | $                                                                                          | (89,406   | ) |   |   | (93,319 | ) |   |   | (91,077 | ) |   |   | (153,819 | ) |
|                                                                        |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per common share:                                    |   |                                                                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per common share from continuing operations                            |   | $                                                                                          | (3,472.86 | ) |   |   | (3,671.93 | ) |   |   | (3,714.47 | ) |   |   | (5,854.52 | ) |
| Loss per common share from discontinued operations                          |   | $                                                                                          | (518.54   | ) |   |   | (482.48 | ) |   |   | (341.19 | ) |   |   | (855.12 | ) |
| Loss per common share                                                       |   | $                                                                                          | (3,991.40 | ) |   |   | (4,154.41 | ) |   |   | (4,055.66 | ) |   |   | (6,709.64 | ) |

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|           |   | 2010   |   |   | Distributions |   |   | 2009              |   |   | Distributions |   |
|----------------|--------|--------|--------|--------|---------------|--------|--------|-------------------|--------|--------|---------------|--------|
|           |   | High   |   |   | Low           |   |   | Declared (1) |   |   | High          |   |   | Low |   |   | Declared (1) |   |
| First quarter  |   | $      | 14.50  |   |          |   | 4.96   |              |   | $      | 0.509375      |   |   |   | 16.50 |   |   |   | 11.64 |   |   | $ | 0.509375 |   |
| Second quarter |   |   | 13.70  |   |          |   | 8.47   |              |   |   | 0.509375      |   |   |   | 20.00 |   |   |   | 13.65 |   |   |   | 0.509375 |   |
| Third quarter  |   |   | 10.45  |   |          |   | 6.86   |              |   |   | 0.509375      |   |   |   | 19.60 |   |   |   | 5.58 |   |   |   | 0.509375 |   |
| Fourth quarter |   |   | 11.35  |   |          |   | 7.00   |              |   |   | 0.509375      |   |   |   | 9.10 |   |   |   | 4.71 |   |   |   | 0.509375 |   |
|           |   |   |   |   |          |   |   |              |   | $      | 2.037500      |   |   |   |   |   |   |   |   |   |   | $ | 2.037500 |   |

| (1) | Amounts exclude the additional dividends on any cumulative unpaid dividends following the announcement of the deferral of payments in August 2009. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

| Terrance M. McCarthy                 | Lisa K. Vansickle                                   |
|--------------------------------------|-----------------------------------------------------|
| President andChief Executive Officer | Executive Vice Presidentand Chief Financial Officer |
| 135 North Meramec                    | 135 North Meramec                                   |
| Mail Code – M1-821-014         | Mail Code – M1-821-014                        |
| Clayton, Missouri 63105              | Clayton, Missouri 63105                             |
| Telephone – (314) 854-4600     | Telephone – (314) 854-4600                    |
| www.firstbanks.com                   | www.firstbanks.com                                  |

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SIG

|   | FIRST BANKS, INC. |
|--------|-------------------|
|   |              |   |   |
|   |              |   |   |
|   | By:               | /s/ | Terrance M. McCarthy |
|   |              |   | Terrance M. McCarthy |
|   |              |   | President and Chief Executive Officer |
|   |              |   | (Principal Executive Officer) |

| Date: | March 25, 2011 |
|-------|----------------|

|   |   | Signatures           | Title                                        | Date           |
|--------|--------|----------------------|----------------------------------------------|----------------|
|   |   |                 |                                         |           |
|   | /s/    | James F. Dierberg    | Director                                     | March 25, 2011 |
|   |   | James F. Dierberg    |                                         |           |
|   |   |                 |                                         |           |
|   | /s/    | Terrance M. McCarthy | Director and President                       | March 25, 2011 |
|   |   | Terrance M. McCarthy | and Chief Executive Officer                  |           |
|   |   |                 | (Principal Executive Officer)                |           |
|   |   |                 |                                         |           |
|   | /s/    | Allen H. Blake       | Director                                     | March 25, 2011 |
|   |   | Allen H. Blake       |                                         |           |
|   |   |                 |                                         |           |
|   | /s/    | James A. Cooper      | Director                                     | March 25, 2011 |
|   |   | James A. Cooper      |                                         |           |
|   |   |                 |                                         |           |
|   | /s/    | David L. Steward     | Director                                     | March 25, 2011 |
|   |   | David L. Steward     |                                         |           |
|   |   |                 |                                         |           |
|   | /s/    | Douglas H. Yaeger    | Director                                     | March 25, 2011 |
|   |   | Douglas H. Yaeger    |                                         |           |
|   |   |                 |                                         |           |
|   | /s/    | Lisa K. Vansickle    | Executive Vice President                     | March 25, 2011 |
|   |   | Lisa K. Vansickle    | and Chief Financial Officer                  |           |
|   |   |                 | (Principal Financial and Accounting Officer) |           |

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| ExhibitNumber | Description |
|---------------|-------------|
|          |        |   |
|          | 2.1+        | Purchase and Assumption Agreement, dated as of November 11, 2009, by and between First Bank and FirstMerit Bank, N.A, as amended (incorporated herein by reference to Exhibit 2.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2009). |
|          |        |   |
|          | 3.1         | Restated Articles of Incorporation of the Company, as amended (incorporated herein by reference to Exhibit 3(i) to the Company’s Annual Report on Form 10-K for the year ended December 31, 1993). |
|          |        |   |
|          | 3.2         | Certificate of Designation of First Banks, Inc. with respect to Class C Fixed Rate Cumulative Perpetual Preferred Stock dated as of December 24, 2008 (incorporated herein by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K dated December 31, 2008). |
|          |        |   |
|          | 3.3         | Certificate of Designation of First Banks, Inc. with respect to Class D Fixed Rate Cumulative Perpetual Preferred Stock dated as of December 24, 2008 (incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K dated December 31, 2008). |
|          |        |   |
|          | 3.4         | By-Laws of the Company (incorporated herein by reference to Exhibit 3.2 to Amendment No. 2 to the Company’s Registration Statement on Form S-1, File No. 33-50576, dated September 15, 1992). |
|          |        |   |
|          | 4.1         | Instruments defining the rights of security holders, including indentures. The registrant hereby agrees to furnish to the Commission upon request copies of instruments defining the rights of holders of long-term debt of the registrant and its consolidated subsidiaries; no issuance of debt exceeds 10% of the assets of the registrant and its subsidiaries on a consolidated basis. |
|          |        |   |
|          | 4.2         | Warrant to Purchase Shares of First Banks, Inc. Class D Fixed Rate Cumulative Perpetual Preferred Stock dated as of December 31, 2008 (incorporated herein by reference to Exhibit 4.4 to the Company’s Current Report on Form 8-K dated December 31, 2008). |
|          |        |   |
|          | 10.1        | Shareholders’ Agreement by and among James F. Dierberg II and Mary W. Dierberg, Trustees under the Living Trust of James F. Dierberg II, dated July 24, 1989, Michael James Dierberg and Mary W. Dierberg, Trustees under the Living Trust of Michael James Dierberg, dated July 24, 1989; Ellen C. Dierberg and Mary W. Dierberg, Trustees under the Living Trust of Ellen C. Dierberg dated July 17, 1992, and First Banks, Inc. (incorporated herein by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-1, File No 33-50576, dated August 6, 1992). |
|          |        |   |
|          | 10.2        | Comprehensive Banking System License and Service Agreement dated as of July 24, 1991, by and between the Company and FiServ CIR, Inc. (incorporated herein by reference to Exhibit 10.4 to the Company’s Registration Statement on Form S-1, File No. 33-50576, dated August 6, 1992). |
|          |        |   |
|          | 10.3        | AFS Customer Agreement by and between First Banks, Inc. and Advanced Financial Solutions, Inc., dated January 29, 2004 (incorporated herein by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2004). |
|          |        |   |
|          | 10.4        | Management Services Agreement by and between First Banks, Inc. and First Bank, dated February 28, 2004 (incorporated herein by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2004). |
|          |        |   |
|          | 10.5        | Service Agreement by and between First Services, L.P. and First Banks, Inc., dated May 1, 2004 (incorporated herein by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004). |
|          |        |   |
|          | 10.6        | Service Agreement by and between First Services, L.P. and First Bank, dated May 1, 2004 (incorporated herein by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004). |
|          |        |   |
|          | 10.7        | Service Agreement by and between First Banks, Inc. and First Services, L.P., dated May 1, 2004 (incorporated herein by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2004). |
|          |        |   |
|          | 10.8*       | First Banks, Inc. Nonqualified Deferred Compensation Plan, as amended (incorporated herein by reference to Exhibit 5.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2008). |

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|   | 10.9   | Letter Agreement including the Securities Purchase Agreement – Standard Terms incorporated therein, between First Banks, Inc. and the United States Department of the Treasury, dated as of December 31, 2008 (as amended by the Side Letter Agreement between First Banks, Inc. and the United States Department of the Treasury, dated as of December 31, 2008, and included herein as Exhibit 10.12) (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated December 31, 2008). |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 10.10  | Side Letter Agreement between First Banks, Inc. and the United States Department of the Treasury, dated as of December 31, 2008 (incorporated herein by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K dated December 31, 2008).                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 10.11  | Written Agreement by and among First Banks, Inc., The San Francisco Company, First Bank and the Federal Reserve Bank of St. Louis, dated as of March 24, 2010 (incorporated herein by reference to Exhibit 10.19 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2009).                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 10.12  | Revolving Credit Note, dated as of March 24, 2011, by and between First Banks, Inc. and Investors of America Limited Partnership – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 10.13  | Stock Pledge Agreement, dated as of March 24, 2011, by and between First Banks, Inc. and Investors of America Limited Partnership – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 14.1   | Code of Ethics for Principal Executive Officer and Financial Professionals, as amended (incorporated herein by reference to Exhibit 14.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008).                                                                                                                                                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 21.1   | Subsidiaries of the Company – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 31.1   | Rule 13a-14(a) / 15d-14(a) Certifications of Chief Executive Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 31.2   | Rule 13a-14(a) / 15d-14(a) Certifications of Chief Financial Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 32.1   | Section 1350 Certifications of Chief Executive Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 32.2   | Section 1350 Certifications of Chief Financial Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 99.1   | EESA Section 111(b)(4) Certification of Chief Executive Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | 99.2   | EESA Section 111(b)(4) Certification of Chief Financial Officer – filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | +      | Pursuant to Item 601(b)(2), the registrant undertakes to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.                                                                                                                                                                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | *      | Exhibits designated by an asterisk in the Index to Exhibits relate to management contracts and/or compensatory plans or arrangements.                                                                                                                                                                                                                                                                                                                                                                                                       |

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