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| 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) |

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

|                                                    Class | Shares Outstanding at April 30, 2011                           |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                           Common Stock, $250.00 par value     |                          23,661                      |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

|             |    |                                                                                             | Page   |
|------------------|---------|--------------------------------------------------------------------------------------------------|--------|
|             |    |                                                                                             |   |
| PART I.          |    | FINANCIAL INFORMATION                                                                            |   |
|             |    |                                                                                             |   |
|             | Item 1. | Financial Statements:                                                                            |   |
|             |    |                                                                                             |   |
|             |    | Consolidated Balance Sheets                                                                      | 1      |
|             |    |                                                                                             |   |
|             |    | Consolidated Statements of Operations                                                            | 2      |
|             |    |                                                                                             |   |
|             |    | Consolidated Statements of Changes in Stockholders’ Equity and Comprehensive Income (Loss) | 3      |
|             |    |                                                                                             |   |
|             |    | Consolidated Statements of Cash Flows                                                            | 4      |
|             |    |                                                                                             |   |
|             |    | Notes to Consolidated Financial Statements                                                       | 6      |
|             |    |                                                                                             |   |
|             | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations      | 41     |
|             |    |                                                                                             |   |
|             | Item 3. | Quantitative and Qualitative Disclosures about Market Risk                                       | 75     |
|             |    |                                                                                             |   |
|             | Item 4. | Controls and Procedures                                                                          | 75     |
|             |    |                                                                                             |   |
| PART II.         |    | OTHER INFORMATION                                                                                |   |
|             |    |                                                                                             |   |
|             | Item 1. | Legal Proceedings                                                                                | 76     |
|             |    |                                                                                             |   |
|             | Item 6. | Exhibits                                                                                         | 76     |
|             |    |                                                                                             |   |
| SIGNATURES  |    |                                                                                             | 77     |

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Table of Contents

Financial Statements

Sheet

|                                                                                                                     |   | March 31, |      |   | December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|-----------|-----------|--------|--------------|--------|
|                                                                                                                     |   | 2011      |      |   | 2010         |   |
| ASSETS                                                                                                                   |   |      |      |   |         |   |
| Cash and cash equivalents:                                                                                               |   |      |      |   |         |   |
| Cash and due from banks                                                                                                  |   | $         | 86,739    |   |         |   | 70,964 |   |
| Short-term investments                                                                                                   |   |      | 867,672   |   |         |   | 924,794 |   |
| Total cash and cash equivalents                                                                                          |   |      | 954,411   |   |         |   | 995,758 |   |
| Investment securities:                                                                                                   |   |      |      |   |         |   |   |   |
| Available for sale                                                                                                       |   |      | 1,745,752 |   |         |   | 1,483,185 |   |
| Held to maturity (fair value of $14,961 and $11,990, respectively)                                                       |   |      | 14,233    |   |         |   | 11,152 |   |
| Total investment securities                                                                                              |   |      | 1,759,985 |   |         |   | 1,494,337 |   |
| Loans:                                                                                                                   |   |      |      |   |         |   |   |   |
| Commercial, financial and agricultural                                                                                   |   |      | 947,219   |   |         |   | 1,045,832 |   |
| Real estate construction and development                                                                                 |   |      | 439,449   |   |         |   | 490,766 |   |
| Real estate mortgage                                                                                                     |   |      | 2,675,723 |   |         |   | 2,872,104 |   |
| Consumer and installment                                                                                                 |   |      | 28,849    |   |         |   | 33,623 |   |
| Loans held for sale                                                                                                      |   |      | 17,914    |   |         |   | 54,470 |   |
| Total loans                                                                                                              |   |      | 4,109,154 |   |         |   | 4,496,795 |   |
| Unearned discount                                                                                                        |   |      | (4,119    | )      |         |   | (4,511 | ) |
| Allowance for loan losses                                                                                                |   |      | (183,973  | )      |         |   | (201,033 | ) |
| Net loans                                                                                                                |   |      | 3,921,062 |   |         |   | 4,291,251 |   |
| Federal Reserve Bank and Federal Home Loan Bank stock, at cost                                                           |   |      | 28,202    |   |         |   | 30,121 |   |
| Bank premises and equipment, net                                                                                         |   |      | 158,682   |   |         |   | 161,414 |   |
| Goodwill and other intangible assets                                                                                     |   |      | 128,255   |   |         |   | 129,054 |   |
| Deferred income taxes                                                                                                    |   |      | 19,107    |   |         |   | 18,004 |   |
| Other real estate                                                                                                        |   |      | 126,554   |   |         |   | 140,628 |   |
| Other assets                                                                                                             |   |      | 70,746    |   |         |   | 71,763 |   |
| Assets held for sale                                                                                                     |   |      | 2,177     |   |         |   | 2,266 |   |
| Assets of discontinued operations                                                                                        |   |      | 40,215    |   |         |   | 43,532 |   |
| Total assets                                                                                                             |   | $         | 7,209,396 |   |         |   | 7,378,128 |   |
| LIABILITIES                                                                                                              |   |      |      |   |         |   |   |   |
| Deposits:                                                                                                                |   |      |      |   |         |   |   |   |
| Noninterest-bearing demand                                                                                               |   | $         | 1,118,906 |   |         |   | 1,167,206 |   |
| Interest-bearing demand                                                                                                  |   |      | 947,519   |   |         |   | 919,973 |   |
| Savings and money market                                                                                                 |   |      | 2,199,989 |   |         |   | 2,206,763 |   |
| Time deposits of $100 or more                                                                                            |   |      | 740,978   |   |         |   | 828,651 |   |
| Other time deposits                                                                                                      |   |      | 1,239,325 |   |         |   | 1,335,822 |   |
| Total deposits                                                                                                           |   |      | 6,246,717 |   |         |   | 6,458,415 |   |
| Other borrowings                                                                                                         |   |      | 39,404    |   |         |   | 31,761 |   |
| Subordinated debentures                                                                                                  |   |      | 354,000   |   |         |   | 353,981 |   |
| Deferred income taxes                                                                                                    |   |      | 26,289    |   |         |   | 25,186 |   |
| Accrued expenses and other liabilities                                                                                   |   |      | 136,583   |   |         |   | 83,900 |   |
| Liabilities held for sale                                                                                                |   |      | 12,740    |   |         |   | 23,406 |   |
| Liabilities of discontinued operations                                                                                   |   |      | 93,691    |   |         |   | 94,184 |   |
| Total liabilities                                                                                                        |   |      | 6,909,424 |   |         |   | 7,070,833 |   |
|                                                                                                                     |   |      |      |   |         |   |   |   |
| 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            |   |      | 285,592   |   |         |   | 284,737 |   |
| 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                                                                                                         |   |      | (132,218  | )      |         |   | (120,827 | ) |
| Accumulated other comprehensive income ( loss)                                                                           |   |      | 830       |   |         |   | (2,318 | ) |
| Total First Banks, Inc. stockholders’ equity                                                                       |   |      | 203,005   |   |         |   | 210,393 |   |
| Noncontrolling interest in subsidiary                                                                                    |   |      | 96,967    |   |         |   | 96,902 |   |
| Total stockholders’ equity                                                                                         |   |      | 299,972   |   |         |   | 307,295 |   |
| Total liabilities and stockholders’ equity                                                                         |   | $         | 7,209,396 |   |         |   | 7,378,128 |   |

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Table of Contents

Consolidated Statements of Operations 

|                                                                          |   | Three Months EndedMarch 31, |    |
|-------------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                          |   | 2011                        |    |   | 2010 |   |
|                                                                          |   |                        |    |   |   |   |
| Interest income:                                                              |   |                        |    |   |   |   |
| Interest and fees on loans                                                    |   | $                           | 52,580  |   |   |   | 77,764 |   |
| Investment securities                                                         |   |                        | 8,760   |   |   |   | 5,204 |   |
| Federal Reserve Bank and Federal Home Loan Bank stock                         |   |                        | 396     |   |   |   | 583 |   |
| Short-term investments                                                        |   |                        | 532     |   |   |   | 1,220 |   |
| Total interest income                                                         |   |                        | 62,268  |   |   |   | 84,771 |   |
| Interest expense:                                                             |   |                        |    |   |   |   |   |   |
| Deposits:                                                                     |   |                        |    |   |   |   |   |   |
| Interest-bearing demand                                                       |   |                        | 307     |   |   |   | 366 |   |
| Savings and money market                                                      |   |                        | 2,866   |   |   |   | 4,067 |   |
| Time deposits of $100 or more                                                 |   |                        | 2,825   |   |   |   | 4,353 |   |
| Other time deposits                                                           |   |                        | 4,445   |   |   |   | 7,225 |   |
| Other borrowings                                                              |   |                        | 26      |   |   |   | 3,388 |   |
| Subordinated debentures                                                       |   |                        | 3,302   |   |   |   | 3,100 |   |
| Total interest expense                                                        |   |                        | 13,771  |   |   |   | 22,499 |   |
| Net interest income                                                           |   |                        | 48,497  |   |   |   | 62,272 |   |
| Provision for loan losses                                                     |   |                        | 10,000  |   |   |   | 42,000 |   |
| Net interest income after provision for loan losses                           |   |                        | 38,497  |   |   |   | 20,272 |   |
| Noninterest income:                                                           |   |                        |    |   |   |   |   |   |
| Service charges on deposit accounts and customer service fees                 |   |                        | 9,703   |   |   |   | 10,212 |   |
| Gain on loans sold and held for sale                                          |   |                        | 386     |   |   |   | 920 |   |
| Net gain on investment securities                                             |   |                        | 527     |   |   |   | — |   |
| Net loss on derivative instruments                                            |   |                        | (56     | ) |   |   | (1,327 | ) |
| Decrease in fair value of servicing rights                                    |   |                        | (489    | ) |   |   | (749 | ) |
| Loan servicing fees                                                           |   |                        | 2,269   |   |   |   | 2,262 |   |
| Other                                                                         |   |                        | 1,784   |   |   |   | 4,090 |   |
| Total noninterest income                                                      |   |                        | 14,124  |   |   |   | 15,408 |   |
| Noninterest expense:                                                          |   |                        |    |   |   |   |   |   |
| Salaries and employee benefits                                                |   |                        | 20,841  |   |   |   | 21,960 |   |
| Occupancy, net of rental income                                               |   |                        | 6,925   |   |   |   | 7,149 |   |
| Furniture and equipment                                                       |   |                        | 3,229   |   |   |   | 3,797 |   |
| Postage, printing and supplies                                                |   |                        | 814     |   |   |   | 1,120 |   |
| Information technology fees                                                   |   |                        | 6,496   |   |   |   | 7,373 |   |
| Legal, examination and professional fees                                      |   |                        | 3,063   |   |   |   | 3,454 |   |
| Amortization of intangible assets                                             |   |                        | 799     |   |   |   | 925 |   |
| Advertising and business development                                          |   |                        | 501     |   |   |   | 417 |   |
| FDIC insurance                                                                |   |                        | 5,285   |   |   |   | 4,933 |   |
| Write-downs and expenses on other real estate                                 |   |                        | 4,926   |   |   |   | 7,907 |   |
| Other                                                                         |   |                        | 5,967   |   |   |   | 6,889 |   |
| Total noninterest expense                                                     |   |                        | 58,846  |   |   |   | 65,924 |   |
| Loss from continuing operations, before provision for income taxes            |   |                        | (6,225  | ) |   |   | (30,244 | ) |
| Provision for income taxes                                                    |   |                        | 52      |   |   |   | 105 |   |
| Net loss from continuing operations, net of tax                               |   |                        | (6,277  | ) |   |   | (30,349 | ) |
| Income from discontinued operations, net of tax                               |   |                        | 194     |   |   |   | 2,343 |   |
| Net loss                                                                      |   |                        | (6,083  | ) |   |   | (28,006 | ) |
| Less: net income (loss) attributable to noncontrolling interest in subsidiary |   |                        | 65      |   |   |   | (437 | ) |
| Net loss attributable to First Banks, Inc.                                    |   |                        | (6,148  | ) |   |   | (27,569 | ) |
| Preferred stock dividends declared and undeclared                             |   |                        | 4,388   |   |   |   | 4,161 |   |
| Accretion of discount on preferred stock                                      |   |                        | 855     |   |   |   | 833 |   |
| Net loss available to common stockholders                                     |   | $                           | (11,391 | ) |   |   | (32,563 | ) |
|                                                                          |   |                        |    |   |   |   |   |   |
| Basic and diluted loss per common share from continuing operations            |   | $                           | (489.61 | ) |   |   | (1,475.28 | ) |
| Basic and diluted earnings per common share from discontinued operations      |   |                        | 8.20    |   |   |   | 99.02 |   |
| Basic and diluted loss per common share                                       |   | $                           | (481.41 | ) |   |   | (1,376.26 | ) |
|                                                                          |   |                        |    |   |   |   |   |   |
| Weighted average shares of common stock outstanding                           |   |                        | 23,661  |   |   |   | 23,661 |   |

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Table of Contents

ckho

|                                                                                         | First Banks, Inc. Stockholders’ Equity |    |         |   |                       |   |
|----------------------------------------------------------------------------------------------|----------------------------------------------|---------|--------------|--------|----------------------------|--------|
|                                                                                         | Preferred Stock                         |    | Common Stock |   | Additional Paid-In Capital |   | Retained Earnings |   | Accu- mulated Other Compre- hensive Income (Loss) |   | Non- controlling Interest |   | Total Stock- holders’ Equity |   |
|                                                                                         |                                         |    |         |   |                       |   |   |   |   |   |   |   |   |   |
| 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 |   |
| Comprehensive loss:                                                                          |                                         |    |         |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income                                                                            |                                         | — |         |   | —                    |   |   | — |   |   | (6,148 | ) |   | — |   |   | 65 |   |   | (6,083 | ) |
| Other comprehensive income (loss):                                                           |                                         |    |         |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains on investment securities, net of tax                                        |                                         | — |         |   | —                    |   |   | — |   |   | — |   |   | 2,364 |   |   | — |   |   | 2,364 |   |
| Reclassification adjustment for investment securities gains included in net loss, net of tax |                                         | — |         |   | —                    |   |   | — |   |   | — |   |   | (335 | ) |   | — |   |   | (335 | ) |
| Pension liability adjustment, net of tax                                                     |                                         | — |         |   | —                    |   |   | — |   |   | — |   |   | 15 |   |   | — |   |   | 15 |   |
| Reclassification adjustments for deferred tax asset valuation allowance                      |                                         | — |         |   | —                    |   |   | — |   |   | — |   |   | 1,104 |   |   | — |   |   | 1,104 |   |
| Total comprehensive loss                                                                     |                                         |    |         |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (2,935 | ) |
| Accretion of discount on preferred stock                                                     |                                         | 855     |         |   | —                    |   |   | — |   |   | (855 | ) |   | — |   |   | — |   |   | — |   |
| Preferred stock dividends declared                                                           |                                         | — |         |   | —                    |   |   | — |   |   | (4,388 | ) |   | — |   |   | — |   |   | (4,388 | ) |
| Balance, March 31, 2011                                                                      | $                                            | 315,998 |         |   | 5,915                      |   |   | 12,480 |   |   | (132,218 | ) |   | 830 |   |   | 96,967 |   |   | 299,972 |   |

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Table of Contents

Cash Flows 

|                                                                                                               |   | Three Months EndedMarch 31, |     |
|--------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|----------|
|                                                                                                               |   | 2011                        |     |   | 2010 |   |
|                                                                                                               |   |                        |     |   |   |   |
| Cash flows from operating activities:                                                                              |   |                        |     |   |   |   |
| Net loss attributable to First Banks, Inc.                                                                         |   | $                           | (6,148   | ) |   |   | (27,569 | ) |
| Net income (loss) attributable to noncontrolling interest in subsidiary                                            |   |                        | 65       |   |   |   | (437 | ) |
| Less: net income from discontinued operations                                                                      |   |                        | 194      |   |   |   | 2,343 |   |
| Net loss from continuing operations                                                                                |   |                        | (6,277   | ) |   |   | (30,349 | ) |
|                                                                                                               |   |                        |     |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by operating activities:                                    |   |                        |     |   |   |   |   |   |
| Depreciation and amortization of bank premises and equipment                                                       |   |                        | 3,727    |   |   |   | 4,727 |   |
| Amortization of intangible assets                                                                                  |   |                        | 799      |   |   |   | 925 |   |
| Originations of loans held for sale                                                                                |   |                        | (57,515  | ) |   |   | (61,575 | ) |
| Proceeds from sales of loans held for sale                                                                         |   |                        | 94,957   |   |   |   | 70,767 |   |
| Payments received on loans held for sale                                                                           |   |                        | 78       |   |   |   | 299 |   |
| Provision for loan losses                                                                                          |   |                        | 10,000   |   |   |   | 42,000 |   |
| Provision for current income taxes                                                                                 |   |                        | 52       |   |   |   | 105 |   |
| Benefit for deferred income taxes                                                                                  |   |                        | (2,890   | ) |   |   | (8,073 | ) |
| Increase in deferred tax asset valuation allowance                                                                 |   |                        | 2,890    |   |   |   | 8,073 |   |
| Decrease (increase)  in accrued interest receivable                                                      |   |                        | 1,956    |   |   |   | (896 | ) |
| Increase in accrued interest payable                                                                               |   |                        | 1,694    |   |   |   | 856 |   |
| Decrease in current income taxes receivable                                                                        |   |                        | 45       |   |   |   | — |   |
| Gain on loans sold and held for sale                                                                               |   |                        | (386     | ) |   |   | (920 | ) |
| Net gain on investment securities                                                                                  |   |                        | (527     | ) |   |   | — |   |
| Net loss on derivative instruments                                                                                 |   |                        | 56       |   |   |   | 1,327 |   |
| Decrease in fair value of servicing rights                                                                         |   |                        | 489      |   |   |   | 749 |   |
| Write-downs on other real estate                                                                                   |   |                        | 2,563    |   |   |   | 4,456 |   |
| Other operating activities, net                                                                                    |   |                        | 3,388    |   |   |   | (7,628 | ) |
| Net cash provided by operating activities – continuing operations                                            |   |                        | 55,099   |   |   |   | 24,843 |   |
| Net cash provided by operating activities – discontinued operations                                          |   |                        | 26       |   |   |   | 4,110 |   |
| Net cash provided by operating activities                                                                          |   |                        | 55,125   |   |   |   | 28,953 |   |
| Cash flows from investing activities:                                                                              |   |                        |     |   |   |   |   |   |
| Net cash paid for sale of assets and liabilities of discontinued operations, net of cash and cash equivalents sold |   |                        | —  |   |   |   | (834,841 | ) |
| Cash paid for sale of branches, net of cash and cash equivalents sold                                              |   |                        | (7,922   | ) |   |   | (8,408 | ) |
| Proceeds from sales of investment securities available for sale                                                    |   |                        | 25,641   |   |   |   | — |   |
| Maturities of investment securities available for sale                                                             |   |                        | 58,143   |   |   |   | 47,006 |   |
| Maturities of investment securities held to maturity                                                               |   |                        | 250      |   |   |   | 728 |   |
| Purchases of investment securities available for sale                                                              |   |                        | (298,293 | ) |   |   | (381,550 | ) |
| Purchases of investment securities held to maturity                                                                |   |                        | (3,450   | ) |   |   | — |   |
| Redemptions of Federal Home Loan Bank and Federal Reserve Bank stock                                               |   |                        | 1,919    |   |   |   | 13,239 |   |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock                                                 |   |                        | —  |   |   |   | (113 | ) |
| Proceeds from sales of commercial loans                                                                            |   |                        | 20,905   |   |   |   | 20,210 |   |
| Net decrease in loans                                                                                              |   |                        | 280,229  |   |   |   | 244,768 |   |
| Recoveries of loans previously charged-off                                                                         |   |                        | 9,845    |   |   |   | 30,255 |   |
| Purchases of bank premises and equipment                                                                           |   |                        | (1,125   | ) |   |   | (1,343 | ) |
| Net proceeds from sales of other real estate owned                                                                 |   |                        | 20,684   |   |   |   | 20,060 |   |
| Proceeds from termination of bank-owned life insurance policy                                                      |   |                        | —  |   |   |   | 19,247 |   |
| Other investing activities, net                                                                                    |   |                        | (121     | ) |   |   | 441 |   |
| Net cash provided by (used in) investing activities – continuing operations                                  |   |                        | 106,705  |   |   |   | (830,301 | ) |
| Net cash provided by investing activities – discontinued operations                                          |   |                        | 3,643    |   |   |   | 24,562 |   |
| Net cash provided by (used in) investing activities                                                                |   |                        | 110,348  |   |   |   | (805,739 | ) |

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|                                                                  |   | Three Months EndedMarch 31, |     |
|-----------------------------------------------------------------------|--------|-----------------------------|----------|
|                                                                  |   | 2011                        |     |   | 2010 |   |
|                                                                  |   |                        |     |   |   |   |
| Cash flows from financing activities:                                 |   |                        |     |   |   |   |
| Decrease in demand, savings and money market deposits                 |   |                        | (28,648  | ) |   |   | (27,497 | ) |
| Decrease in time deposits                                             |   |                        | (185,325 | ) |   |   | (11,619 | ) |
| Repayments of Federal Home Loan Bank advances                         |   |                        | —  |   |   |   | (200,000 | ) |
| Increase (decrease) in securities sold under agreements to repurchase |   |                        | 7,643    |   |   |   | (239 | ) |
| Net cash used in financing activities – continuing operations   |   |                        | (206,330 | ) |   |   | (239,355 | ) |
| Net cash used in financing activities – discontinued operations |   |                        | (490     | ) |   |   | (30,729 | ) |
| Net cash used in financing activities                                 |   |                        | (206,820 | ) |   |   | (270,084 | ) |
| Net decrease in cash and cash equivalents                             |   |                        | (41,347  | ) |   |   | (1,046,870 | ) |
| Cash and cash equivalents, beginning of period                        |   |                        | 995,758  |   |   |   | 2,516,251 |   |
| Cash and cash equivalents, end of period                              |   | $                           | 954,411  |   |   |   | 1,469,381 |   |
|                                                                  |   |                        |     |   |   |   |   |   |
|                                                                  |   |                        |     |   |   |   |   |   |
| Supplemental disclosures of cash flow information:                    |   |                        |     |   |   |   |   |   |
| Cash paid (received) during the period for:                           |   |                        |     |   |   |   |   |   |
| Interest on liabilities                                               |   | $                           | 12,077   |   |   |   | 21,643 |   |
| Income taxes                                                          |   |                        | (47      | ) |   |   | 15 |   |
| Noncash investing and financing activities:                           |   |                        |     |   |   |   |   |   |
| Loans transferred to other real estate                                |   | $                           | 10,262   |   |   |   | 33,692 |   |

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Financial Statements

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|                                               |   | March 31, 2011                   |   |   | December 31, 2010 |   |
|----------------------------------------------------|--------|----------------------------------|--------|--------|-------------------|--------|
|                                               |   | Northern Illinois                |   |   | Northern Illinois |   |
|                                               |   | (dollars expressed in thousands) |   |
|                                               |   |                             |   |   |              |   |
| Cash and due from banks                            |   | $                                | 779    |   |              |   | 693 |   |
| Loans:                                             |   |                             |   |   |              |   |   |   |
| Commercial, financial and agricultural             |   |                             | 6,351  |   |              |   | 6,891 |   |
| Real estate construction and development           |   |                             | 20     |   |              |   | 50 |   |
| Residential real estate                            |   |                             | 12,655 |   |              |   | 13,953 |   |
| Multi-family residential                           |   |                             | 135    |   |              |   | 135 |   |
| Commercial real estate                             |   |                             | 15,767 |   |              |   | 17,253 |   |
| Consumer and installment, net of unearned discount |   |                             | 1,774  |   |              |   | 1,983 |   |
| Total loans                                        |   |                             | 36,702 |   |              |   | 40,265 |   |
| Bank premises and equipment, net                   |   |                             | 832    |   |              |   | 850 |   |
| Goodwill and other intangible assets               |   |                             | 1,558  |   |              |   | 1,558 |   |
| Other assets                                       |   |                             | 344    |   |              |   | 166 |   |
| Assets of discontinued operations                  |   | $                                | 40,215 |   |              |   | 43,532 |   |
| Deposits:                                          |   |                             |   |   |              |   |   |   |
| Noninterest-bearing demand                         |   | $                                | 11,269 |   |              |   | 11,223 |   |
| Interest-bearing demand                            |   |                             | 18,150 |   |              |   | 17,619 |   |
| Savings and money market                           |   |                             | 25,066 |   |              |   | 23,832 |   |
| Time deposits of $100 or more                      |   |                             | 5,359  |   |              |   | 5,789 |   |
| Other time deposits                                |   |                             | 33,742 |   |              |   | 35,613 |   |
| Total deposits                                     |   |                             | 93,586 |   |              |   | 94,076 |   |
| Accrued expenses and other liabilities             |   |                             | 105    |   |              |   | 108 |   |
| Liabilities of discontinued operations             |   | $                                | 93,691 |   |              |   | 94,184 |   |

|                                                |   | Three Months Ended March 31, 2011 |    |
|-----------------------------------------------------|--------|-----------------------------------|---------|
|                                                |   | Northern Illinois                 |    |
|                                                |   | (dollars expressed in thousands)  |    |
| Interest income:                                    |   |                              |    |
| Interest and fees on loans                          |   | $                                 | 607     |   |
| Interest expense:                                   |   |                              |    |   |
| Interest on deposits                                |   |                              | 181     |   |
| Total interest expense                              |   |                              | 181     |   |
| Net interest income                                 |   |                              | 426     |   |
| Provision for loan losses                           |   |                              | — |   |
| Net interest income after provision for loan losses |   |                              | 426     |   |
| Noninterest income:                                 |   |                              |    |   |
| Service charges and customer service fees           |   |                              | 161     |   |
| Loan servicing fees                                 |   |                              | 2       |   |
| Total noninterest income                            |   |                              | 163     |   |
| Noninterest expense:                                |   |                              |    |   |
| Salaries and employee benefits                      |   |                              | 203     |   |
| Occupancy, net of rental income                     |   |                              | 44      |   |
| Furniture and equipment                             |   |                              | 19      |   |
| Legal, examination and professional fees            |   |                              | 1       |   |
| FDIC insurance                                      |   |                              | 81      |   |
| Other                                               |   |                              | 47      |   |
| Total noninterest expense                           |   |                              | 395     |   |
| Income from operations of discontinued operations   |   |                              | 194     |   |
| Provision (benefit) for income taxes                |   |                              | — |   |
| Net income from discontinued operations, net of tax |   | $                                 | 194     |   |

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|                                                       |   | Three Months Ended March 31, 2010 |    |
|------------------------------------------------------------|--------|-----------------------------------|---------|
|                                                       |   | Northern Illinois                 |    |   | Chicago |   |   | Texas |   |   | WIUS |   |   | MVP |   |   | Total |   |
|                                                       |   | (dollars expressed in thousands)  |    |
| Interest income:                                           |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                 |   | $                                 | 3,306   |   |   |   | 2,391 |   |   |   | 1,363 |   |   |   | — |   |   |   | — |   |   |   | 7,060 |   |
| Interest expense:                                          |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                       |   |                              | 1,475   |   |   |   | 2,550 |   |   |   | 1,366 |   |   |   | — |   |   |   | — |   |   |   | 5,391 |   |
| Other borrowings                                           |   |                              | — |   |   |   | — |   |   |   | 3 |   |   |   | 4 |   |   |   | — |   |   |   | 7 |   |
| Total interest expense                                     |   |                              | 1,475   |   |   |   | 2,550 |   |   |   | 1,369 |   |   |   | 4 |   |   |   | — |   |   |   | 5,398 |   |
| Net interest income (loss)                                 |   |                              | 1,831   |   |   |   | (159 | ) |   |   | (6 | ) |   |   | (4 | ) |   |   | — |   |   |   | 1,662 |   |
| Provision for loan losses                                  |   |                              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net interest income (loss) after provision for loan losses |   |                              | 1,831   |   |   |   | (159 | ) |   |   | (6 | ) |   |   | (4 | ) |   |   | — |   |   |   | 1,662 |   |
| Noninterest income:                                        |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Service charges and customer service fees                  |   |                              | 781     |   |   |   | 523 |   |   |   | 900 |   |   |   | — |   |   |   | — |   |   |   | 2,204 |   |
| Investment management income                               |   |                              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 689 |   |   |   | 689 |   |
| Loan servicing fees                                        |   |                              | — |   |   |   | — |   |   |   | 62 |   |   |   | — |   |   |   | — |   |   |   | 62 |   |
| Other                                                      |   |                              | — |   |   |   | 254 |   |   |   | 15 |   |   |   | — |   |   |   | (1 | ) |   |   | 268 |   |
| Total noninterest income                                   |   |                              | 781     |   |   |   | 777 |   |   |   | 977 |   |   |   | — |   |   |   | 688 |   |   |   | 3,223 |   |
| Noninterest expense:                                       |   |                              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                             |   |                              | 1,062   |   |   |   | 2,137 |   |   |   | 1,837 |   |   |   | 32 |   |   |   | 421 |   |   |   | 5,489 |   |
| Occupancy, net of rental income                            |   |                              | 406     |   |   |   | 606 |   |   |   | 971 |   |   |   | — |   |   |   | 51 |   |   |   | 2,034 |   |
| Furniture and equipment                                    |   |                              | 126     |   |   |   | 178 |   |   |   | 233 |   |   |   | — |   |   |   | 13 |   |   |   | 550 |   |
| Legal, examination and professional fees                   |   |                              | 21      |   |   |   | 123 |   |   |   | 56 |   |   |   | 5 |   |   |   | 81 |   |   |   | 286 |   |
| Amortization of intangible assets                          |   |                              | 150     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 150 |   |
| FDIC insurance                                             |   |                              | 522     |   |   |   | 292 |   |   |   | 352 |   |   |   | — |   |   |   | — |   |   |   | 1,166 |   |
| Other                                                      |   |                              | 225     |   |   |   | 424 |   |   |   | 519 |   |   |   | 29 |   |   |   | 22 |   |   |   | 1,219 |   |
| Total noninterest expense                                  |   |                              | 2,512   |   |   |   | 3,760 |   |   |   | 3,968 |   |   |   | 66 |   |   |   | 588 |   |   |   | 10,894 |   |
| Income (loss) from operations of discontinued operations   |   |                              | 100     |   |   |   | (3,142 | ) |   |   | (2,997 | ) |   |   | (70 | ) |   |   | 100 |   |   |   | (6,009 | ) |
| Net gain (loss) on sale of discontinued operations         |   |                              | — |   |   |   | 8,440 |   |   |   | — |   |   |   | (88 | ) |   |   | — |   |   |   | 8,352 |   |
| Provision (benefit) for income taxes                       |   |                              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Net income (loss) from discontinued operations, net of tax |   | $                                 | 100     |   |   |   | 5,298 |   |   |   | (2,997 | ) |   |   | (158 | ) |   |   | 100 |   |   |   | 2,343 |   |

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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) |    |
| March 31, 2011:                    |                             |    |      |   |       |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                    |                             |    |      |   |       |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                      | $                                | — |      |   | 101,335    |   |     | — |      |   | — |   |   | 101,335 |   |   | 51 |   |   | (113 | ) |   | 101,273 |   |   | 0.73 | % |
| U.S. Government sponsored agencies |                             | 1,000   |      |   | 19,147     |   |     | — |      |   | — |   |   | 20,147 |   |   | 216 |   |   | (63 | ) |   | 20,300 |   |   | 1.70 |   |
| Residential mortgage- backed       |                             | 222     |      |   | 2,558      |   |     | 11,690  |      |   | 1,563,656 |   |   | 1,578,126 |   |   | 11,336 |   |   | (8,302 | ) |   | 1,581,160 |   |   | 2.54 |   |
| Commercial mortgage-backed         |                             | — |      |   | —    |   |     | 828     |      |   | — |   |   | 828 |   |   | 43 |   |   | — |   |   | 871 |   |   | 4.41 |   |
| State and political subdivisions   |                             | 1,719   |      |   | 3,719      |   |     | 1,538   |      |   | — |   |   | 6,976 |   |   | 311 |   |   | — |   |   | 7,287 |   |   | 3.99 |   |
| Corporate notes                    |                             | — |      |   | —    |   |     | 9,200   |      |   | 15,000 |   |   | 24,200 |   |   | — |   |   | (17 | ) |   | 24,183 |   |   | 4.72 |   |
| Equity investments                 |                             | — |      |   | —    |   |     | — |      |   | 10,678 |   |   | 10,678 |   |   | — |   |   | — |   |   | 10,678 |   |   | 3.42 |   |
| Total                              | $                                | 2,941   |      |   | 126,759    |   |     | 23,256  |      |   | 1,589,334 |   |   | 1,742,290 |   |   | 11,957 |   |   | (8,495 | ) |   | 1,745,752 |   |   | 2.47 |   |
| Fair value:                        |                             |    |      |   |       |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                    | $                                | 3,017   |      |   | 127,070    |   |     | 23,409  |      |   | 1,581,578 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities                  |                             | — |      |   | —    |   |     | — |      |   | 10,678 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                              | $                                | 3,017   |      |   | 127,070    |   |     | 23,409  |      |   | 1,592,256 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                             |    |      |   |       |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield             |                             | 3.53    | %         |   | 1.02       | %      |     | 2.85    | %         |   | 2.57 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                             |    |      |   |       |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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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) |    |
| March 31, 2011:                  |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |
| Carrying value:                  |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |
| Residential mortgage -backed     | $                                | — |   |   | — |   |     | 836     |      |   | 703 |   |   | 1,539 |   |   | 110 |   |   | — |   |   | 1,649 |   |   | 5.10 | % |
| Commercial mortgage -backed      |                             | — |   |   | 6,405   |   |     | — |      |   | — |   |   | 6,405 |   |   | 317 |   |   | — |   |   | 6,722 |   |   | 5.16 |   |
| State and political subdivisions |                             | 1,050   |   |   | 3,132   |   |     | 573     |      |   | 1,534 |   |   | 6,289 |   |   | 301 |   |   | — |   |   | 6,590 |   |   | 3.73 |   |
| Total                            | $                                | 1,050   |   |   | 9,537   |   |     | 1,409   |      |   | 2,237 |   |   | 14,233 |   |   | 728 |   |   | — |   |   | 14,961 |   |   | 4.52 |   |
| Fair value:                      |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt securities                  | $                                | 1,050   |   |   | 9,886   |   |     | 1,510   |      |   | 2,515 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average yield           |                             | 1.35    | %      |   | 4.36    | %      |     | 4.72    | %         |   | 6.57 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 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 | % |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |                             |    |   |   |    |   |     |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                            |                            | Three Months EndedMarch 31, 2011 |   |
|-----------------------------------------------------------------|---------------------------------|----------------------------------|--------|
|                                                            | (dollars expressedin thousands) |
|                                                            |                            |                             |   |
| Gross realized gains on sales of available-for-sale securities  |                            | $                                | 529    |   |
| Gross realized losses on sales of available-for-sale securities |                            |                             | (1     | ) |
| Other-than-temporary impairment                                 |                            |                             | (1     | ) |
| Net realized gains                                              |                            | $                                | 527    |   |

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Table of Contents

|                               |   | Less than 12 months              |    |   | 12 months or more |   |   | Total      |   |
|------------------------------------|--------|----------------------------------|---------|--------|-------------------|--------|--------|------------|--------|
|                               |   | Fair Value                       |    |   | Unrealized Losses |   |   | Fair Value |   |   | Unrealized Losses |   |   | Fair Value |   |   | Unrealized Losses |   |
|                               |   | (dollars expressed in thousands) |    |
| March 31, 2011:                    |   |                             |    |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| Available for sale:                |   |                             |    |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                      |   | $                                | 61,067  |   |              |   | (113   | )          |   |   | — |   |   |   | — |   |   |   | 61,067 |   |   |   | (113 | ) |
| U.S. Government sponsored agencies |   |                             | 8,725   |   |              |   | (63    | )          |   |   | — |   |   |   | — |   |   |   | 8,725 |   |   |   | (63 | ) |
| Residential mortgage-backed        |   |                             | 691,675 |   |              |   | (8,230 | )          |   |   | 328 |   |   |   | (72 | ) |   |   | 692,003 |   |   |   | (8,302 | ) |
| Corporate notes                    |   |                             | 4,183   |   |              |   | (17    | )          |   |   | — |   |   |   | — |   |   |   | 4,183 |   |   |   | (17 | ) |
| Total                              |   | $                                | 765,650 |   |              |   | (8,423 | )          |   |   | 328 |   |   |   | (72 | ) |   |   | 765,978 |   |   |   | (8,495 | ) |
|                               |   |                             |    |   |              |   |   |       |   |   |   |   |   |   |   |   |   |   |
| 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 | ) |

|                                               |   | March 31,                        |      |   | December 31, |   |
|----------------------------------------------------|--------|----------------------------------|-----------|--------|--------------|--------|
|                                               |   | 2011                             |      |   | 2010         |   |
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                             |      |   |         |   |
| Commercial, financial and agricultural             |   | $                                | 947,219   |   |         |   | 1,045,832 |   |
| Real estate construction and development           |   |                             | 439,449   |   |         |   | 490,766 |   |
| Real estate mortgage:                              |   |                             |      |   |         |   |   |   |
| One-to-four family residential                     |   |                             | 987,742   |   |         |   | 1,050,895 |   |
| Multi-family residential                           |   |                             | 176,112   |   |         |   | 178,289 |   |
| Commercial real estate                             |   |                             | 1,511,869 |   |         |   | 1,642,920 |   |
| Consumer and installment, net of unearned discount |   |                             | 24,730    |   |         |   | 29,112 |   |
| Loans held for sale                                |   |                             | 17,914    |   |         |   | 54,470 |   |
| Loans, net of unearned discount                    |   | $                                | 4,105,035 |   |         |   | 4,492,284 |   |

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Table of Contents

|                                     | 30-59Days                        |    | 60-89Days |   | 90 Days and Over |   | Total Past Due |    | Current |   | Total Loans |   | Recorded Investment> 90 Days Accruing |      |
|------------------------------------------|----------------------------------|---------|-----------|--------|------------------|--------|----------------|---------|---------|--------|-------------|--------|------------------------------------------|-----------|
|                                     | (dollars expressed in thousands) |    |
| March 31, 2011:                          |                             |    |
| Commercial, financial and agricultural   | $                                | 14,308  |      |   | 1,246            |   |           | 82,070  |    |   | 97,624      |   |                                     | 849,595   |   |   | 947,219 |   |   | 361 |   |
| Real estate construction and development |                             | 1,801   |      |   | 240              |   |           | 126,589 |    |   | 128,630     |   |                                     | 310,819   |   |   | 439,449 |   |   | — |   |
| One-to-four-family residential:          |                             |    |      |   |             |   |           |    |    |   |        |   |                                     |      |   |   |   |   |   |   |   |
| Bank portfolio                           |                             | 5,329   |      |   | 931              |   |           | 14,285  |    |   | 20,545      |   |                                     | 189,826   |   |   | 210,371 |   |   | 1,262 |   |
| Mortgage Division portfolio              |                             | 8,391   |      |   | 5,345            |   |           | 29,038  |    |   | 42,774      |   |                                     | 347,500   |   |   | 390,274 |   |   | — |   |
| Home equity                              |                             | 4,043   |      |   | 1,944            |   |           | 8,037   |    |   | 14,024      |   |                                     | 373,073   |   |   | 387,097 |   |   | 809 |   |
| Multi-family residential                 |                             | 10,337  |      |   | 8,050            |   |           | 12,462  |    |   | 30,849      |   |                                     | 145,263   |   |   | 176,112 |   |   | — |   |
| Commercial real estate                   |                             | 6,141   |      |   | 1,635            |   |           | 111,915 |    |   | 119,691     |   |                                     | 1,392,178 |   |   | 1,511,869 |   |   | — |   |
| Consumer and installment                 |                             | 787     |      |   | 136              |   |           | 42      |    |   | 965         |   |                                     | 23,765    |   |   | 24,730 |   |   | — |   |
| Loan held for sale                       |                             | — |      |   | —          |   |           | — |    |   | —     |   |                                     | 17,914    |   |   | 17,914 |   |   | — |   |
| Total                                    | $                                | 51,137  |      |   | 19,527           |   |           | 384,438 |    |   | 455,102     |   |                                     | 3,649,933 |   |   | 4,105,035 |   |   | 2,432 |   |
|                                     |                             |    |
| December 31, 2010:                       |                             |    |
| 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 |   |   | — |   |
| Loan held for sale                       |                             | — |      |   | —          |   |           | — |    |   | —     |   |                                     | 54,470    |   |   | 54,470 |   |   | — |   |
| Total                                    | $                                | 53,810  |      |   | 44,211           |   |           | 404,431 |    |   | 502,452     |   |                                     | 3,989,832 |   |   | 4,492,284 |   |   | 5,523 |   |

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Table of Contents

|                        |   | Commercialand Industrial         |      |   | Real EstateConstructionandDevelopment |   |    | Multi-family |   |   | CommercialReal Estate |   |   | Total  |      |
|-----------------------------|--------|----------------------------------|-----------|--------|---------------------------------------|--------|---------|--------------|--------|--------|-----------------------|--------|--------|--------|-----------|
|                        |   | (dollars expressed in thousands) |      |
| March 31, 2011:             |   |                             |      |   |                                  |   |    |         |   |   |                  |   |   |   |      |   |   |   |   |   |
| Pass                        |   |    $              | 744,296   |   |                                  |   | 143,533 |         |   |   | 111,020               |   |   |   | 1,163,959 |   |   |   | 2,162,808 |   |
| Special mention             |   |                             | 37,462    |   |                                  |   | 71,797  |         |   |   | 4,785                 |   |   |   | 142,177   |   |   |   | 256,221 |   |
| Substandard                 |   |                             | 82,503    |   |                                  |   | 94,385  |         |   |   | 47,845                |   |   |   | 93,818    |   |   |   | 318,551 |   |
| Troubled debt restructuring |   |                             | 1,249     |   |                                  |   | 3,145   |         |   |   | —               |   |   |   | —   |   |   |   | 4,394 |   |
| Nonaccrual                  |   |                             | 81,709    |   |                                  |   | 126,589 |         |   |   | 12,462                |   |   |   | 111,915   |   |   |   | 332,675 |   |
|                        |   | $                                | 947,219   |   |                                  |   | 439,449 |         |   |   | 176,112               |   |   |   | 1,511,869 |   |   |   | 3,074,649 |   |
|                        |   |                             |      |   |                                  |   |    |         |   |   |                  |   |   |   |      |   |   |   |   |   |
| December 31, 2010:          |   |                             |      |   |                                  |   |    |         |   |   |                  |   |   |   |      |   |   |   |   |   |
| 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 |   |

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Table of Contents

|               |   | BankPortfolio                    |    |   | HomeEquity |   |    | Total  |   |
|--------------------|--------|----------------------------------|---------|--------|------------|--------|---------|--------|--------|
|               |   | (dollars expressed in thousands) |    |
| March 31, 2011:    |   |                             |    |   |       |   |    |   |   |   |   |   |
| Pass               |   | $ $                         | 158,558 |   |       |   | 377,310 |   |   |   | 535,868 |   |
| Special mention    |   |                             | 7,700   |   |       |   | 809     |   |   |   | 8,509 |   |
| Substandard        |   |                             | 31,090  |   |       |   | 1,750   |   |   |   | 32,840 |   |
| Nonaccrual         |   |                             | 13,023  |   |       |   | 7,228   |   |   |   | 20,251 |   |
|               |   | $                                | 210,371 |   |       |   | 387,097 |   |   |   | 597,468 |   |
|               |   |                             |    |   |       |   |    |   |   |   |   |   |
| December 31, 2010: |   |                             |    |   |       |   |    |   |   |   |   |   |
| 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) |    |
| March 31, 2011:             |   |                             |    |   |                   |   |    |   |   |   |   |   |
| Pass                        |   | $ $                         | 265,787 |   |                   |   | 24,688  |   |   |   | 290,475 |   |
| Substandard                 |   |                             | 10,131  |   |                   |   | — |   |   |   | 10,131 |   |
| Troubled debt restructuring |   |                             | 85,318  |   |                   |   | — |   |   |   | 85,318 |   |
| Nonaccrual                  |   |                             | 29,038  |   |                   |   | 42      |   |   |   | 29,080 |   |
|                        |   | $                                | 390,274 |   |                   |   | 24,730  |   |   |   | 415,004 |   |
|                        |   |                             |    |   |                   |   |    |   |   |   |   |   |
| December 31, 2010:          |   |                             |    |   |                   |   |    |   |   |   |   |   |
| 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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Table of Contents

|                                     |   | RecordedInvestment               |    |   | Unpaid PrincipalBalance |   |    | RelatedAllowancefor LoanLosses |   |   | Average Recorded Investment |   |   | Interest Income Recognized |    |
|------------------------------------------|--------|----------------------------------|---------|--------|-------------------------|--------|---------|--------------------------------|--------|--------|-----------------------------|--------|--------|----------------------------|---------|
|                                     |   | (dollars expressed in thousands) |    |
| March 31, 2011:                          |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |
| With No Related Allowance Recorded:      |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |
| Commercial, financial and agricultural   |   | $                                | 19,883  |   |                    |   | 39,487  |                           |   |   | —                     |   |   |                       | 18,014  |   |   |   | 13 |   |
| Real estate construction and development |   |                             | 64,119  |   |                    |   | 81,413  |                           |   |   | —                     |   |   |                       | 66,011  |   |   |   | 32 |   |
| Real estate mortgage:                    |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |   |   |   |   |   |
| Bank portfolio                           |   |                             | 3,713   |   |                    |   | 3,760   |                           |   |   | —                     |   |   |                       | 3,921   |   |   |   | — |   |
| Mortgage Division portfolio              |   |                             | 15,305  |   |                    |   | 32,610  |                           |   |   | —                     |   |   |                       | 15,998  |   |   |   | — |   |
| Home equity portfolio                    |   |                             | — |   |                    |   | — |                           |   |   | —                     |   |   |                       | — |   |   |   | — |   |
| Multi-family residential                 |   |                             | 7,924   |   |                    |   | 10,015  |                           |   |   | —                     |   |   |                       | 8,082   |   |   |   | — |   |
| Commercial real estate                   |   |                             | 52,114  |   |                    |   | 62,897  |                           |   |   | —                     |   |   |                       | 60,426  |   |   |   | 86 |   |
| Consumer and installment                 |   |                             | — |   |                    |   | — |                           |   |   | —                     |   |   |                       | — |   |   |   | — |   |
|                                     |   |                             | 163,058 |   |                    |   | 230,182 |                           |   |   | —                     |   |   |                       | 172,452 |   |   |   | 131 |   |
| With A Related Allowance Recorded:       |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |   |   |   |   |   |
| Commercial, financial and agricultural   |   |                             | 63,075  |   |                    |   | 77,212  |                           |   |   | 7,348                       |   |   |                       | 57,148  |   |   |   | — |   |
| Real estate construction and development |   |                             | 65,615  |   |                    |   | 123,549 |                           |   |   | 10,566                      |   |   |                       | 67,551  |   |   |   | 15 |   |
| Real estate mortgage:                    |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |   |   |   |   |   |
| Bank portfolio                           |   |                             | 9,310   |   |                    |   | 11,636  |                           |   |   | 328                         |   |   |                       | 9,830   |   |   |   | — |   |
| Mortgage Division portfolio              |   |                             | 99,051  |   |                    |   | 107,472 |                           |   |   | 15,041                      |   |   |                       | 103,538 |   |   |   | 683 |   |
| Home equity portfolio                    |   |                             | 7,228   |   |                    |   | 7,815   |                           |   |   | 1,446                       |   |   |                       | 7,175   |   |   |   | — |   |
| Multi-family residential                 |   |                             | 4,538   |   |                    |   | 7,673   |                           |   |   | 1,253                       |   |   |                       | 4,629   |   |   |   | — |   |
| Commercial real estate                   |   |                             | 59,801  |   |                    |   | 76,430  |                           |   |   | 8,593                       |   |   |                       | 69,340  |   |   |   | — |   |
| Consumer and installment                 |   |                             | 42      |   |                    |   | 42      |                           |   |   | 17                          |   |   |                       | 104     |   |   |   | — |   |
|                                     |   |                             | 308,660 |   |                    |   | 411,829 |                           |   |   | 44,592                      |   |   |                       | 319,315 |   |   |   | 698 |   |
| Total:                                   |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |   |   |   |   |   |
| Commercial, financial and agricultural   |   |                             | 82,958  |   |                    |   | 116,699 |                           |   |   | 7,348                       |   |   |                       | 75,162  |   |   |   | 13 |   |
| Real estate construction and development |   |                             | 129,734 |   |                    |   | 204,962 |                           |   |   | 10,566                      |   |   |                       | 133,562 |   |   |   | 47 |   |
| Real estate mortgage:                    |   |                             |    |   |                    |   |    |                           |   |   |                        |   |   |                       |    |   |   |   |   |   |
| Bank portfolio                           |   |                             | 13,023  |   |                    |   | 15,396  |                           |   |   | 328                         |   |   |                       | 13,751  |   |   |   | — |   |
| Mortgage Division portfolio              |   |                             | 114,356 |   |                    |   | 140,082 |                           |   |   | 15,041                      |   |   |                       | 119,536 |   |   |   | 683 |   |
| Home equity portfolio                    |   |                             | 7,228   |   |                    |   | 7,815   |                           |   |   | 1,446                       |   |   |                       | 7,175   |   |   |   | — |   |
| Multi-family residential                 |   |                             | 12,462  |   |                    |   | 17,688  |                           |   |   | 1,253                       |   |   |                       | 12,711  |   |   |   | — |   |
| Commercial real estate                   |   |                             | 111,915 |   |                    |   | 139,327 |                           |   |   | 8,593                       |   |   |                       | 129,766 |   |   |   | 86 |   |
| Consumer and installment                 |   |                             | 42      |   |                    |   | 42      |                           |   |   | 17                          |   |   |                       | 104     |   |   |   | — |   |
|                                     |   | $                                | 471,718 |   |                    |   | 642,011 |                           |   |   | 44,592                      |   |   |                       | 491,767 |   |   |   | 829 |   |

----

Table of Contents

|                                     |   | Recorded Investment              |    |   | Unpaid Principal Balance |   |    | Related Allowance for Loan Losses |   |   | Average Recorded Investment |   |   | Interest Income Recognized |    |
|------------------------------------------|--------|----------------------------------|---------|--------|--------------------------|--------|---------|-----------------------------------|--------|--------|-----------------------------|--------|--------|----------------------------|---------|
|                                     |   | (dollars expressed in thousands) |    |
| December 31, 2010:                       |   |                             |    |   |                     |   |    |                              |   |   |                        |   |   |                       |    |
| 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 |   |

|                           |   | Three Months EndedMarch 31,      |   |
|--------------------------------|--------|----------------------------------|--------|
|                           |   | 2011                             |   |   | 2010 |   |
|                           |   | (dollars expressed in thousands) |   |
|                           |   |                             |   |   |   |   |
| Balance, beginning of period   |   | $                                | 314    |   |   |   | 1,945 |   |
| Transfers to other real estate |   |                             | (49    | ) |   |   | (192 | ) |
| Loans charged-off              |   |                             | (29    | ) |   |   | (345 | ) |
| Payments and settlements       |   |                             | (142   | ) |   |   | (94 | ) |
| Balance, end of period         |   | $                                | 94     |   |   |   | 1,314 |   |

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|                                              |   | Three Months EndedMarch 31,      |    |
|---------------------------------------------------|--------|----------------------------------|---------|
|                                              |   | 2011                             |    |   | 2010 |   |
|                                              |   | (dollars expressed in thousands) |    |
|                                              |   |                             |    |   |   |   |
| Balance, beginning of period                      |   | $                                | 201,033 |   |   |   | 266,448 |   |
| Allowance for loan losses allocated to loans sold |   |                             | — |   |   |   | (257 | ) |
|                                              |   |                             | 201,033 |   |   |   | 266,191 |   |
| Loans charged-off                                 |   |                             | (36,905 | ) |   |   | (88,382 | ) |
| Recoveries of loans previously charged-off        |   |                             | 9,845   |   |   |   | 30,255 |   |
| Net loans charged-off                             |   |                             | (27,060 | ) |   |   | (58,127 | ) |
| Provision for loan losses                         |   |                             | 10,000  |   |   |   | 42,000 |   |
| Balance, end of period                            |   | $                                | 183,973 |   |   |   | 250,064 |   |

|                                                                  | Commercial and Industrial        |    | Real Estate Construction and Development |   | One-to-Four Family Residential |    | Multi-Family Residential |    | Commercial Real Estate |   | Consumer and Installment |   | Total  |      |
|-----------------------------------------------------------------------|----------------------------------|---------|------------------------------------------|--------|--------------------------------|---------|--------------------------|---------|------------------------|--------|--------------------------|--------|--------|-----------|
|                                                                  | (dollars expressed in thousands) |    |
| March 31, 2011:                                                       |                             |    |                                     |   |                           |    |                     |    |                   |   |                     |   |   |      |
| Allowance for loan losses:                                            |                             |    |                                     |   |                           |    |                     |    |                   |   |                     |   |   |      |
| Beginning balance                                                     | $                                | 28,000  |                                     |   | 58,439                         |    |                     | 60,762  |                   |   | 5,158                    |   |   | 47,880    |   |   | 794 |   |   | 201,033 |   |
| Charge-offs                                                           |                             | (5,554  | )                                   |   | (10,314                        | )  |                     | (9,725  | )                 |   | —                  |   |   | (11,094   | )  |   | (218 | )  |   | (36,905 | ) |
| Recoveries                                                            |                             | 2,890   |                                     |   | 3,870                          |    |                     | 1,282   |                   |   | —                  |   |   | 1,719     |   |   | 84 |   |   | 9,845 |   |
| Provision for loan losses                                             |                             | 1,235   |                                     |   | 339                            |    |                     | 3,410   |                   |   | 3,362                    |   |   | 1,618     |   |   | 36 |   |   | 10,000 |   |
| Ending balance                                                        | $                                | 26,571  |                                     |   | 52,334                         |    |                     | 55,729  |                   |   | 8,520                    |   |   | 40,123    |   |   | 696 |   |   | 183,973 |   |
| Ending balance:  individually evaluated for impairment      | $                                | 5,394   |                                     |   | 7,486                          |    |                     | 3,077   |                   |   | 957                      |   |   | 5,936     |   |   | — |   |   | 22,850 |   |
| Ending balance:  collectively evaluated for impairment           | $                                | 21,177  |                                     |   | 44,848                         |    |                     | 52,652  |                   |   | 7,563                    |   |   | 34,187    |   |   | 696 |   |   | 161,123 |   |
| Financing receivables:                                                |                             |    |                                     |   |                           |    |                     |    |                   |   |                     |   |   |      |   |   |   |   |   |   |   |
| Ending balance                                                        | $                                | 947,219 |                                     |   | 439,449                        |    |                     | 987,742 |                   |   | 176,112                  |   |   | 1,511,869 |   |   | 24,730 |   |   | 4,087,121 |   |
| Ending balance:  individually evaluated for impairment           | $                                | 60,698  |                                     |   | 123,934                        |    |                     | 21,728  |                   |   | 12,462                   |   |   | 100,800   |   |   | — |   |   | 319,622 |   |
| Ending balance:  collectively evaluated for impairment           | $                                | 886,521 |                                     |   | 315,515                        |    |                     | 966,014 |                   |   | 163,650                  |   |   | 1,411,069 |   |   | 24,730 |   |   | 3,767,499 |   |
| Ending balance:  loans acquired with deteriorated credit quality | $                                | — |                                     |   | —                        |    |                     | 94      |                   |   | —                  |   |   | —   |   |   | — |   |   | 94 |   |

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|                                                                  |   | Commercial and Industrial        |      |   | Real Estate Construction and Development |   |    | One-to-Four Family Residential |   |   | Multi-Family Residential |   |   | Commercial Real Estate |    |   | Consumer and Installment |   |      | Total  |   |
|-----------------------------------------------------------------------|--------|----------------------------------|-----------|--------|------------------------------------------|--------|---------|--------------------------------|--------|--------|--------------------------|--------|--------|------------------------|---------|--------|--------------------------|--------|-----------|--------|--------|
|                                                                  |   | (dollars expressed in thousands) |      |
| December 31, 2010:                                                    |   |                             |      |   |                                     |   |    |                           |   |   |                     |   |   |                   |    |   |                     |   |      |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses                                             |   | $                                | 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                   |   |   |                   | 12,960  |   |                     |   | 136,254   |   |   |   | — |   |   |   | 352,984 |   |
| Ending balance:  collectivelyevaluated for impairment            |   | $                                | 1,001,247 |   |                                     |   | 361,969 |                           |   |   | 1,020,507                |   |   |                   | 165,329 |   |                     |   | 1,506,666 |   |   |   | 29,112 |   |   |   | 4,084,830 |   |
| Ending balance:  loans acquired with deteriorated credit quality |   | $                                | —   |   |                                     |   | — |                           |   |   | 314                      |   |   |                   | — |   |                     |   | —   |   |   |   | — |   |   |   | 314 |   |

|                           |   | March 31, 2011                   |    |   | December 31, 2010        |   |
|--------------------------------|--------|----------------------------------|---------|--------|--------------------------|--------|
|                           |   | Gross Carrying Amount            |    |   | Accumulated Amortization |   |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                             |    |   |                     |   |   |   |   |   |   |   |
| Amortized intangible assets:   |   |                             |    |   |                     |   |   |   |   |   |   |   |
| Core deposit intangibles (1)   |   | $                                | 17,074  |   |                     |   | (14,786 | ) |   |   | 20,594 |   |   |   | (17,507 | ) |
|                           |   |                             |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Unamortized intangible assets: |   |                             |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill (2)                   |   | $                                | 125,967 |   |                     |   |   |   |   |   | 125,967 |   |   |   |   |   |

| (1)   | The gross carrying amount and accumulated amortization for core deposit intangibles at March 31, 2011 and 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. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Goodwill at March 31, 2011 and December 31, 2010 has been reduced by $2.0 million, related to discontinued operations and assets held for sale, as further described below and in Note 2 to the consolidated financial statements. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                     |   | (dollars expressed in thousands) |   |
|--------------------------|--------|----------------------------------|--------|
| Year ending December 31: |   |                             |   |
| 2011 remaining           |   | $                                | 1,824  |   |
| 2012                     |   |                             | 464    |   |
| Total                    |   | $                                | 2,288  |   |

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|                                                                                                       |   | Three Months EndedMarch 31,      |   |
|------------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------|
|                                                                                                       |   | 2011                             |   |   | 2010 |   |
|                                                                                                       |   | (dollars expressed in thousands) |   |
|                                                                                                       |   |                             |   |   |   |   |
| Balance, beginning of period                                                                               |   | $                                | 12,150 |   |   |   | 12,130 |   |
| Originated mortgage servicing rights                                                                       |   |                             | 1,118  |   |   |   | 796 |   |
| Change in fair value resulting from changes in valuation inputs or assumptions used in valuation model (1) |   |                             | 199    |   |   |   | 275 |   |
| Other changes in fair value (2)                                                                            |   |                             | (577   | ) |   |   | (497 | ) |
| Balance, end of period                                                                                     |   | $                                | 12,890 |   |   |   | 12,704 |   |

| (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. |
|-----------------|-----------------------------------------------------------------------------------------------------------------|

|                                                                                                       |   | Three Months EndedMarch 31,      |    |
|------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                       |   | 2011                             |    |   | 2010 |   |
|                                                                                                       |   | (dollars expressed in thousands) |    |
|                                                                                                       |   |                             |    |   |   |   |
| Balance, beginning of period                                                                               |   | $                                | 7,432   |   |   |   | 8,478 |   |
| Originated SBA servicing rights                                                                            |   |                             | — |   |   |   | 21 |   |
| Change in fair value resulting from changes in valuation inputs or assumptions used in valuation model (1) |   |                             | 227     |   |   |   | 106 |   |
| Other changes in fair value (2)                                                                            |   |                             | (338    | ) |   |   | (633 | ) |
| Balance, end of period                                                                                     |   | $                                | 7,321   |   |   |   | 7,972 |   |

| (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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|                                                                                              |                                                    | Three Months EndedMarch 31, |    |
|---------------------------------------------------------------------------------------------------|---------------------------------------------------------|-----------------------------|---------|
|                                                                                              |                                                    | 2011                        |    |   | 2010 |   |
|                                                                                              | (dollars in thousands, except share and per share data) |
|                                                                                              |                                                    |                        |    |   |   |   |
| Basic:                                                                                            |                                                    |                        |    |   |   |   |
| Net loss from continuing operations attributable to First Banks, Inc.                             |                                                    | $                           | (6,342  | ) |   |   | (29,912 | ) |
| Preferred stock dividends declared and undeclared                                                 |                                                    |                        | (4,388  | ) |   |   | (4,161 | ) |
| Accretion of discount on preferred stock                                                          |                                                    |                        | (855    | ) |   |   | (833 | ) |
| Net loss from continuing operations attributable to common stockholders                           |                                                    |                        | (11,585 | ) |   |   | (34,906 | ) |
| Net income from discontinued operations attributable to common stockholders                       |                                                    |                        | 194     |   |   |   | 2,343 |   |
| Net loss available to First Banks, Inc. common stockholders                                       |                                                    | $                           | (11,391 | ) |   |   | (32,563 | ) |
|                                                                                              |                                                    |                        |    |   |   |   |
| Weighted average shares of common stock outstanding                                               |                                                    |                        | 23,661  |   |   |   | 23,661 |   |
|                                                                                              |                                                    |                        |    |   |   |   |
| Basic loss per common share – continuing operations                                         |                                                    | $                           | (489.61 | ) |   |   | (1,475.28 | ) |
| Basic earnings per common share – discontinued operations                                   |                                                    | $                           | 8.20    |   |   |   | 99.02 |   |
| Basic loss per common share                                                                       |                                                    | $                           | (481.41 | ) |   |   | (1,376.26 | ) |
|                                                                                              |                                                    |                        |    |   |   |   |   |   |
| Diluted:                                                                                          |                                                    |                        |    |   |   |   |   |   |
| Net loss from continuing operations attributable to common stockholders                           |                                                    | $                           | (11,585 | ) |   |   | (34,906 | ) |
| Net income from discontinued operations attributable to common stockholders                       |                                                    |                        | 194     |   |   |   | 2,343 |   |
| Net loss available to First Banks, Inc. common stockholders                                       |                                                    |                        | (11,391 | ) |   |   | (32,563 | ) |
| Effect of dilutive securities:                                                                    |                                                    |                        |    |   |   |   |   |   |
| Class A convertible preferred stock                                                               |                                                    |                        | — |   |   |   | — |   |
| Diluted loss per common share – net loss available to First Banks, Inc. common stockholders |                                                    | $                           | (11,391 | ) |   |   | (32,563 | ) |
|                                                                                              |                                                    |                        |    |   |   |   |   |   |
| Weighted average shares of common stock outstanding                                               |                                                    |                        | 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 |   |
|                                                                                              |                                                    |                        |    |   |   |   |
| Diluted loss per common share – continuing operations                                       |                                                    | $                           | (489.61 | ) |   |   | (1,475.28 | ) |
| Diluted earnings per common share – discontinued operations                                 |                                                    | $                           | 8.20    |   |   |   | 99.02 |   |
| Diluted loss per common share                                                                     |                                                    | $                           | (481.41 | ) |   |   | (1,376.26 | ) |

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|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   | To be Well Capitalized Under Prompt Corrective Action Provisions |
|-------------------------------------------|--------|----------------------------------|---------|-----------------------|-------------------------------|--------|--------|--------|--------|--------|---------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------------------------------------------------------------------|
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |
|                                      |   | Actual                           |    |                  | For Capital Adequacy Purposes |   |   |
|                                      |   | March 31, 2011                   |    | December 31, 2010 (1) |                          |   |   |   |
|                                      |   | Amount                           |    | Ratio                 |                          | Amount |   |   | Ratio  |   |    |   |   |
|                                      |   | (dollars expressed in thousands) |    |                  |                          |   |   |   |   |   |
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| Total capital (to risk-weighted assets):  |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| First Banks, Inc.                         |   | $                                | 193,196 |                  |                          |   | 4.29   | %      |   | $      | 305,006 |   |   |   | 6.29   | %      |   |   | 8.0    | %      |   |                                                                  | N/A |   |
| First Bank                                |   |                             | 620,373 |                  |                          |   | 13.78  |   |   |   | 626,976 |   |   |   | 12.95  |   |   |   | 8.0    |   |   |                                                                  | 10.0 | % |
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| Tier 1 capital (to risk-weighted assets): |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| First Banks, Inc.                         |   |                             | 96,598  |                  |                          |   | 2.14   |   |   |   | 152,503 |   |   |   | 3.15   |   |   |   | 4.0    |   |   |                                                                  | N/A |   |
| First Bank                                |   |                             | 562,485 |                  |                          |   | 12.49  |   |   |   | 564,664 |   |   |   | 11.66  |   |   |   | 4.0    |   |   |                                                                  | 6.0 |   |
|                                      |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| Tier 1 capital (to average assets):       |   |                             |    |                  |                          |   |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |                                                                  |   |   |
| First Banks, Inc.                         |   |                             | 96,598  |                  |                          |   | 1.35   |   |   |   | 152,503 |   |   |   | 1.99   |   |   |   | 4.0    |   |   |                                                                  | N/A |   |
| First Bank                                |   |                             | 562,485 |                  |                          |   | 7.89   |   |   |   | 564,664 |   |   |   | 7.40   |   |   |   | 4.0    |   |   |                                                                  | 5.0 |   |

| (1)   | The decline in First Banks, Inc.’s regulatory capital ratios during the first quarter of 2011 reflects the implementation of new Federal Reserve rules that became effective on March 31, 2011, as further described below. First Banks, Inc.’s total capital (to risk-weighted assets), Tier 1 capital (to risk-weighted assets) and Tier 1 capital (to average assets) at December 31, 2010 would have been 4.53%, 2.27% and 1.44%, respectively, under the new rules if implemented as of December 31, 2010. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                   |   | First Bank                       |      |   | Corporate, Other and Intercompany Reclassifications |   |      | Consolidated Totals |   |
|----------------------------------------|--------|----------------------------------|-----------|--------|---------------------------------------------------------------|--------|-----------|---------------------|--------|
|                                   |   | March 31, 2011                   |      |   | December 31, 2010                                             |   |      | March 31, 2011      |   |   | December 31, 2010 |   |   | March 31, 2011 |   |   | December 31, 2010 |   |
|                                   |   | (dollars expressed in thousands) |      |
| Balance sheet information:             |   |                             |      |   |                                                          |   |      |                |   |   |   |   |   |   |   |   |   |   |
| Investment securities                  |   | $                                | 1,749,307 |   |                                                          |   | 1,483,659 |                |   |   | 10,678 |   |   |   | 10,678 |   |   |   | 1,759,985 |   |   |   | 1,494,337 |   |
| Loans, net of unearned discount        |   |                             | 4,105,035 |   |                                                          |   | 4,492,284 |                |   |   | — |   |   |   | — |   |   |   | 4,105,035 |   |   |   | 4,492,284 |   |
| FHLB and FRB stock                     |   |                             | 28,202    |   |                                                          |   | 30,121    |                |   |   | — |   |   |   | — |   |   |   | 28,202 |   |   |   | 30,121 |   |
| Goodwill and other intangible assets   |   |                             | 128,255   |   |                                                          |   | 129,054   |                |   |   | — |   |   |   | — |   |   |   | 128,255 |   |   |   | 129,054 |   |
| Assets held for sale                   |   |                             | 2,177     |   |                                                          |   | 2,266     |                |   |   | — |   |   |   | — |   |   |   | 2,177 |   |   |   | 2,266 |   |
| Assets of discontinued operations      |   |                             | 40,215    |   |                                                          |   | 43,532    |                |   |   | — |   |   |   | — |   |   |   | 40,215 |   |   |   | 43,532 |   |
| Total assets                           |   |                             | 7,193,441 |   |                                                          |   | 7,361,706 |                |   |   | 15,955 |   |   |   | 16,422 |   |   |   | 7,209,396 |   |   |   | 7,378,128 |   |
| Deposits                               |   |                             | 6,250,111 |   |                                                          |   | 6,462,068 |                |   |   | (3,394 | ) |   |   | (3,653 | ) |   |   | 6,246,717 |   |   |   | 6,458,415 |   |
| Other borrowings                       |   |                             | 39,404    |   |                                                          |   | 31,761    |                |   |   | — |   |   |   | — |   |   |   | 39,404 |   |   |   | 31,761 |   |
| Subordinated debentures                |   |                             | —   |   |                                                          |   | —   |                |   |   | 354,000 |   |   |   | 353,981 |   |   |   | 354,000 |   |   |   | 353,981 |   |
| Liabilities held for sale              |   |                             | 12,740    |   |                                                          |   | 23,406    |                |   |   | — |   |   |   | — |   |   |   | 12,740 |   |   |   | 23,406 |   |
| Liabilities of discontinued operations |   |                             | 93,691    |   |                                                          |   | 94,184    |                |   |   | — |   |   |   | — |   |   |   | 93,691 |   |   |   | 94,184 |   |
| Stockholders’ equity             |   |                             | 693,628   |   |                                                          |   | 693,458   |                |   |   | (393,656 | ) |   |   | (386,163 | ) |   |   | 299,972 |   |   |   | 307,295 |   |

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|                                                                        |   | First Bank                       |   |   | Corporate, Other and Intercompany Reclassifications |   |    | Consolidated Totals         |   |
|-----------------------------------------------------------------------------|--------|----------------------------------|--------|--------|-----------------------------------------------------|--------|---------|-----------------------------|--------|
|                                                                        |   | Three Months EndedMarch 31,      |   |   | Three Months EndedMarch 31,                         |   |    | Three Months EndedMarch 31, |   |
|                                                                        |   | 2011                             |   |   | 2010                                                |   |    | 2011                        |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                                                                        |   | (dollars expressed in thousands) |   |
| Income statement information:                                               |   |                             |   |   |                                                |   |    |                        |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                             |   | $                                | 62,118 |   |                                                |   | 84,669  |                        |   |   | 150 |   |   |   | 102 |   |   |   | 62,268 |   |   |   | 84,771 |   |
| Interest expense                                                            |   |                             | 10,472 |   |                                                |   | 19,404  |                        |   |   | 3,299 |   |   |   | 3,095 |   |   |   | 13,771 |   |   |   | 22,499 |   |
| Net interest income (loss)                                                  |   |                             | 51,646 |   |                                                |   | 65,265  |                        |   |   | (3,149 | ) |   |   | (2,993 | ) |   |   | 48,497 |   |   |   | 62,272 |   |
| Provision for loan losses                                                   |   |                             | 10,000 |   |                                                |   | 42,000  |                        |   |   | — |   |   |   | — |   |   |   | 10,000 |   |   |   | 42,000 |   |
| Net interest income (loss) after provision for loan losses                  |   |                             | 41,646 |   |                                                |   | 23,265  |                        |   |   | (3,149 | ) |   |   | (2,993 | ) |   |   | 38,497 |   |   |   | 20,272 |   |
| Noninterest income                                                          |   |                             | 14,177 |   |                                                |   | 16,734  |                        |   |   | (53 | ) |   |   | (1,326 | ) |   |   | 14,124 |   |   |   | 15,408 |   |
| Amortization of intangible assets                                           |   |                             | 799    |   |                                                |   | 925     |                        |   |   | — |   |   |   | — |   |   |   | 799 |   |   |   | 925 |   |
| Other noninterest expense                                                   |   |                             | 58,053 |   |                                                |   | 64,919  |                        |   |   | (6 | ) |   |   | 80 |   |   |   | 58,047 |   |   |   | 64,999 |   |
| Loss from continuing operations before provision (benefit) for income taxes |   |                             | (3,029 | )      |                                                |   | (25,845 | )                           |   |   | (3,196 | ) |   |   | (4,399 | ) |   |   | (6,225 | ) |   |   | (30,244 | ) |
| Provision (benefit) for income taxes                                        |   |                             | 143    |   |                                                |   | 105     |                        |   |   | (91 | ) |   |   | — |   |   |   | 52 |   |   |   | 105 |   |
| Net loss from continuing operations, net of tax                             |   |                             | (3,172 | )      |                                                |   | (25,950 | )                           |   |   | (3,105 | ) |   |   | (4,399 | ) |   |   | (6,277 | ) |   |   | (30,349 | ) |
| Discontinued operations, net of tax                                         |   |                             | 194    |   |                                                |   | 2,343   |                        |   |   | — |   |   |   | — |   |   |   | 194 |   |   |   | 2,343 |   |
| Net loss                                                                    |   |                             | (2,978 | )      |                                                |   | (23,607 | )                           |   |   | (3,105 | ) |   |   | (4,399 | ) |   |   | (6,083 | ) |   |   | (28,006 | ) |
| Net income (loss) attributable to noncontrolling interest in subsidiary     |   |                             | 65     |   |                                                |   | (437    | )                           |   |   | — |   |   |   | — |   |   |   | 65 |   |   |   | (437 | ) |
| Net loss attributable to First Banks, Inc                                   |   | $                                | (3,043 | )      |                                                |   | (23,170 | )                           |   |   | (3,105 | ) |   |   | (4,399 | ) |   |   | (6,148 | ) |   |   | (27,569 | ) |

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| Name of Trust                    |   | Issuance Date  |   | Maturity Date      |   | Call Date(1)       |   | Interest Rate(2) |    |   | Trust Preferred Securities       |   |   | Subordinated Debentures |   |
|----------------------------------|--------|----------------|--------|--------------------|--------|--------------------|--------|------------------|---------|--------|----------------------------------|--------|--------|------------------------------|--------|
|                             |   |           |   |               |   |               |   |             |    |   | (dollars expressed in thousands) |   |
| 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     |                             |   | 25,000 |                         |   |   | 25,774 |   |
| First Bank Statutory Trust VII   |   | December 2006  |   | December 15, 2036  |   | December 15, 2011  |   |             | + 185.0 | bp     |                             |   | 50,000 |                         |   |   | 51,547 |   |
| First Bank Statutory Trust VIII  |   | February 2007  |   | March 30, 2037     |   | March 30, 2012     |   |             | + 161.0 | bp     |                             |   | 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     |                             |   | 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. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                            |                             | Three Months EndedMarch 31, |    |
|-----------------------------------------------------------------------------------------------------------------|----------------------------------|-----------------------------|---------|
|                                                                                                            |                             | 2011                        |    |   | 2010 |   |
|                                                                                                            | (dollars expressed in thousands) |
|                                                                                                            |                             |                        |    |   |   |   |
| Net loss                                                                                                        |                             | $                           | (6,083  | ) |   |   | (28,006 | ) |
| Other comprehensive income (loss):                                                                              |                             |                        |    |   |   |   |   |   |
| Unrealized gains on available-for-sale investment securities, net of tax                                        |                             |                        | 2,364   |   |   |   | 2,486 |   |
| Reclassification adjustment for available-for-sale investment securities gains included in net loss, net of tax |                             |                        | (335    | ) |   |   | — |   |
| Reclassification adjustment for deferred tax asset valuation allowance on investment securities                 |                             |                        | 1,093   |   |   |   | 1,256 |   |
| Change in unrealized gains on derivative instruments, net of tax                                                |                             |                        | — |   |   |   | (1,245 | ) |
| Reclassification adjustment for deferred tax asset valuation allowance on derivative instruments                |                             |                        | — |   |   |   | (670 | ) |
| Amortization of net loss related to pension liability, net of tax                                               |                             |                        | 15      |   |   |   | 64 |   |
| Reclassification adjustment for deferred tax asset valuation allowance on pension liability                     |                             |                        | 11      |   |   |   | 47 |   |
| Comprehensive loss                                                                                              |                             |                        | (2,935  | ) |   |   | (26,068 | ) |
| Comprehensive income (loss) attributable to noncontrolling interest in subsidiary                               |                             |                        | 65      |   |   |   | (437 | ) |
| Comprehensive loss attributable to First Banks, Inc.                                                            |                             | $                           | (3,000  | ) |   |   | (25,631 | ) |

|                                            |   | March 31,                        |     |   | December 31, |   |
|-------------------------------------------------|--------|----------------------------------|----------|--------|--------------|--------|
|                                            |   | 2011                             |     |   | 2010         |   |
|                                            |   | (dollars expressed in thousands) |     |
|                                            |   |                             |     |   |         |   |
| Gross deferred tax assets                       |   | $                                | 393,026  |   |         |   | 387,202 |   |
| Valuation allowance                             |   |                             | (373,919 | )      |         |   | (369,198 | ) |
| Deferred tax assets, net of valuation allowance |   |                             | 19,107   |   |         |   | 18,004 |   |
| Deferred tax liabilities                        |   |                             | 26,289   |   |         |   | 25,186 |   |
| Net deferred tax liabilities                    |   | $                                | (7,182   | )      |         |   | (7,182 | ) |

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|   | 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          |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                                                                                                                                                                                      |   | Level 1                          |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                                                                                                                                                                                                                                                                      |   | (dollars expressed in thousands) |    |
| March 31, 2011:                                                                                                                                                                                                                                                                           |   |                             |    |   |   |   |   |   |   |   |   |   |
| Assets:                                                                                                                                                                                                                                                                                   |   |                             |    |   |   |   |   |   |   |   |   |   |
| Available-for-sale investment securities:                                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |   |   |   |   |
| U.S. Treasury                                                                                                                                                                                                                                                                             |   | $                                | 101,273 |   |   |   | — |   |   |   | — |   |   |   | 101,273 |   |
| U.S. Government sponsored agencies                                                                                                                                                                                                                                                        |   |                             | — |   |   |   | 20,300 |   |   |   | — |   |   |   | 20,300 |   |
| Residential mortgage-backed                                                                                                                                                                                                                                                               |   |                             | — |   |   |   | 1,581,160 |   |   |   | — |   |   |   | 1,581,160 |   |
| Commercial mortgage-backed                                                                                                                                                                                                                                                                |   |                             | — |   |   |   | 871 |   |   |   | — |   |   |   | 871 |   |
| State and political subdivisions                                                                                                                                                                                                                                                          |   |                             | — |   |   |   | 7,287 |   |   |   | — |   |   |   | 7,287 |   |
| Corporate notes                                                                                                                                                                                                                                                                           |   |                             | — |   |   |   | 24,183 |   |   |   | — |   |   |   | 24,183 |   |
| Equity investments                                                                                                                                                                                                                                                                        |   |                             | — |   |   |   | 10,678 |   |   |   | — |   |   |   | 10,678 |   |
| Mortgage loans held for sale                                                                                                                                                                                                                                                              |   |                             | — |   |   |   | 17,914 |   |   |   | — |   |   |   | 17,914 |   |
| Derivative instruments:                                                                                                                                                                                                                                                                   |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer interest rate swap agreements                                                                                                                                                                                                                                                    |   |                             | — |   |   |   | 662 |   |   |   | — |   |   |   | 662 |   |
| Interest rate lock commitments                                                                                                                                                                                                                                                            |   |                             | — |   |   |   | 580 |   |   |   | — |   |   |   | 580 |   |
| Forward commitments to sell mortgage – backed securities                                                                                                                                                                                                                            |   |                             | — |   |   |   | (104 | ) |   |   | — |   |   |   | (104 | ) |
| Servicing rights                                                                                                                                                                                                                                                                          |   |                             | — |   |   |   | — |   |   |   | 20,211 |   |   |   | 20,211 |   |
| Total                                               |   | $                                | 101,273 |   |   |   | 1,663,531 |   |   |   | 20,211 |   |   |   | 1,785,015 |   |
|                                                                                                                                                                                                                                                                                      |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative instruments:                                                                                                                                                                                                                                                                   |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap agreements                                                                                                                                                                                                                                                             |   | $                                | — |   |   |   | 1,942 |   |   |   | — |   |   |   | 1,942 |   |
| Customer interest rate swap agreements                                                                                                                                                                                                                                                    |   |                             | — |   |   |   | 529 |   |   |   | — |   |   |   | 529 |   |
| Nonqualified deferred compensation plan                                                                                                                                                                                                                                                   |   |                             | 7,261   |   |   |   | — |   |   |   | — |   |   |   | 7,261 |   |
| Total                                               |   | $                                | 7,261   |   |   |   | 2,471 |   |   |   | — |   |   |   | 9,732 |   |

|                                                                                                                                                                                                                                                                                      |   | Fair Value Measurements          |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                                                                                                                                                                                      |   | Level 1                          |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                                                                                                                                                                                                                                                                      |   | (dollars expressed in thousands) |    |
| December 31, 2010:                                                                                                                                                                                                                                                                        |   |                             |    |   |   |   |   |   |   |   |   |   |
| 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 |   |

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|                                         |   | Servicing Rights                 |    |
|----------------------------------------------|--------|----------------------------------|---------|
|                                         |   | March 31, 2011                   |    |   | March 31, 2010 |   |
|                                         |   | (dollars expressed in thousands) |    |
|                                         |   |                             |    |   |   |   |
| Balance, beginning of period                 |   | $                                | 19,582  |   |   |   | 20,608 |   |
| Total gains or losses (realized/unrealized): |   |                             |    |   |   |   |   |   |
| Included in earnings (1)                |   |                             | (489    | ) |   |   | (749 | ) |
| Included in other comprehensive income       |   |                             | — |   |   |   | — |   |
| Issuances                                    |   |                             | 1,118   |   |   |   | 817 |   |
| Transfers in and/or out of level 3           |   |                             | — |   |   |   | — |   |
| Balance, end of period                       |   | $                                | 20,211  |   |   |   | 20,676 |   |

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

|                                                                                                                                                                                                                                                                                                                                      |   | Fair Value Measurements          |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                      |   | Level 1                          |    |   | Level 2 |   |   | Level 3 |   |   | Fair Value |   |
|                                                                                                                                                                                                                                                                                                                                      |   | (dollars expressed in thousands) |    |
| March 31, 2011:                                                                                                                                                                                                                                                                                                                           |   |                             |    |   |   |   |   |   |   |   |   |   |
| Assets:                                                                                                                                                                                                                                                                                                                                   |   |                             |    |   |   |   |   |   |   |   |   |   |
| Impaired loans:                                                                                                                                                                                                                                                                                                                           |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial, financial and agricultural                                                                                                                                                                                                                                                                                                    |   | $                                | — |   |   |   | — |   |   |   | 75,610 |   |   |   | 75,610 |   |
| Real estate construction and development                                                                                                                                                                                                                                                                                                  |   |                             | — |   |   |   | — |   |   |   | 119,168 |   |   |   | 119,168 |   |
| Real estate mortgage:                                                                                                                                                                                                                                                                                                                     |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bank portfolio                                                                                                                                                                                                                                                                                                                            |   |                             | — |   |   |   | — |   |   |   | 12,695 |   |   |   | 12,695 |   |
| Mortgage Division portfolio                                                                                                                                                                                                                                                                                                               |   |                             | — |   |   |   | — |   |   |   | 99,315 |   |   |   | 99,315 |   |
| Home equity portfolio                                                                                                                                                                                                                                                                                                                     |   |                             | — |   |   |   | — |   |   |   | 5,782 |   |   |   | 5,782 |   |
| Multi-family residential                                                                                                                                                                                                                                                                                                                  |   |                             | — |   |   |   | — |   |   |   | 11,209 |   |   |   | 11,209 |   |
| Commercial real estate                                                                                                                                                                                                                                                                                                                    |   |                             | — |   |   |   | — |   |   |   | 103,322 |   |   |   | 103,322 |   |
| Consumer and  installment                                                                                                                                                                                                                                                                                                       |   |                             | — |   |   |   | — |   |   |   | 25 |   |   |   | 25 |   |
| Other real estate                                                     |   |                             | — |   |   |   | — |   |   |   | 126,554 |   |   |   | 126,554 |   |
| Total                                                                                                                                                                                                                                                                                                                                     |   | $                                | — |   |   |   | — |   |   |   | 553,680 |   |   |   | 553,680 |   |
|                                                                                                                                                                                                                                                                                                                                      |   |                             |    |   |   |   |   |   |   |   |   |   |
| December 31, 2010:                                                                                                                                                                                                                                                                                                                        |   |                             |    |   |   |   |   |   |   |   |   |   |
| 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 |   |

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|                                                                             |   | March 31, 2011                   |      |   | December 31, 2010    |   |
|----------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------|----------------------|--------|
|                                                                             |   | Carrying Value                   |      |   | Estimated Fair Value |   |   | Carrying Value |   |   | Estimated Fair Value |   |
|                                                                             |   | (dollars expressed in thousands) |      |
| Financial Assets:                                                                |   |                             |      |   |                 |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                        |   | $                                | 954,411   |   |                 |   | 954,411 |   |   |   | 995,758 |   |   |   | 995,758 |   |
| Investment securities:                                                           |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Available for sale                                                               |   |                             | 1,745,752 |   |                 |   | 1,745,752 |   |   |   | 1,483,185 |   |   |   | 1,483,185 |   |
| Held to maturity                                                                 |   |                             | 14,233    |   |                 |   | 14,961 |   |   |   | 11,152 |   |   |   | 11,990 |   |
| Loans held for portfolio                                                         |   |                             | 3,903,148 |   |                 |   | 3,660,899 |   |   |   | 4,236,781 |   |   |   | 3,973,825 |   |
| Loans held for sale                                                              |   |                             | 17,914    |   |                 |   | 17,914 |   |   |   | 54,470 |   |   |   | 54,470 |   |
| FHLB and Federal Reserve Bank stock                                              |   |                             | 28,202    |   |                 |   | 28,202 |   |   |   | 30,121 |   |   |   | 30,121 |   |
| Derivative instruments                                                           |   |                             | 1,138     |   |                 |   | 1,138 |   |   |   | 2,606 |   |   |   | 2,606 |   |
| Accrued interest receivable                                                      |   |                             | 21,210    |   |                 |   | 21,210 |   |   |   | 22,488 |   |   |   | 22,488 |   |
| Assets held for sale                                                             |   |                             | 2,177     |   |                 |   | 2,812 |   |   |   | 2,266 |   |   |   | 2,866 |   |
| Assets of discontinued operations                                                |   |                             | 40,215    |   |                 |   | 40,215 |   |   |   | 43,532 |   |   |   | 43,532 |   |
|                                                                             |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities:                                                           |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Deposits:                                                                        |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand                                                       |   | $                                | 1,118,906 |   |                 |   | 1,118,906 |   |   |   | 1,167,206 |   |   |   | 1,167,206 |   |
| Interest-bearing demand                                                          |   |                             | 947,519   |   |                 |   | 947,519 |   |   |   | 919,973 |   |   |   | 919,973 |   |
| Savings and money market                                                         |   |                             | 2,199,989 |   |                 |   | 2,199,989 |   |   |   | 2,206,763 |   |   |   | 2,206,763 |   |
| Time deposits                                                                    |   |                             | 1,980,303 |   |                 |   | 1,989,975 |   |   |   | 2,164,473 |   |   |   | 2,176,855 |   |
| Other borrowings                                                                 |   |                             | 39,404    |   |                 |   | 39,404 |   |   |   | 31,761 |   |   |   | 31,761 |   |
| Derivative instruments                                                           |   |                             | 2,471     |   |                 |   | 2,471 |   |   |   | 3,038 |   |   |   | 3,038 |   |
| Accrued interest payable                                                         |   |                             | 25,313    |   |                 |   | 25,313 |   |   |   | 22,444 |   |   |   | 22,444 |   |
| Subordinated debentures                                                          |   |                             | 354,000   |   |                 |   | 202,298 |   |   |   | 353,981 |   |   |   | 202,298 |   |
| Liabilities held for sale                                                        |   |                             | 12,740    |   |                 |   | 12,610 |   |   |   | 23,406 |   |   |   | 23,276 |   |
| Liabilities of discontinued operations                                           |   |                             | 93,691    |   |                 |   | 91,421 |   |   |   | 94,184 |   |   |   | 91,894 |   |
|                                                                             |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Off-Balance Sheet Financial Instruments:                                         |   |                             |      |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Commitments to extend credit, standby letters of credit and financial guarantees |   | $                                | (2,913    | )      |                 |   | (2,913 | ) |   |   | (3,148 | ) |   |   | (3,148 | ) |

|                                                   |   | March 31, 2011                   |   |   | December 31, 2010    |   |
|--------------------------------------------------------|--------|----------------------------------|--------|--------|----------------------|--------|
|                                                   |   | Notional Amount                  |   |   | Credit Exposure |   |   | Notional Amount |   |   | Credit Exposure |   |
|                                                   |   | (dollars expressed in thousands) |   |
|                                                   |   |                             |   |   |                 |   |   |   |   |   |   |   |
| Cash flow hedges – subordinated debentures (1)   |   | $                                | 75,000 |   |                 |   | — |   |   |   | 75,000 |   |   |   | — |   |
| Customer interest rate swap agreements                 |   |                             | 52,430 |   |                 |   | 735 |   |   |   | 53,696 |   |   |   | 869 |   |
| Interest rate lock commitments                         |   |                             | 27,120 |   |                 |   | 580 |   |   |   | 41,857 |   |   |   | 276 |   |
| Forward commitments to sell mortgage-backed securities |   |                             | 34,750 |   |                 |   | — |   |   |   | 84,100 |   |   |   | 1,538 |   |

| (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. Consequently, effective August 2009, the net interest differential on these interest rate swap agreements is recorded as a reduction of noninterest income rather than an increase to interest expense on junior subordinated debentures. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Maturity Date      |   | Notional Amount                  |   |   | Interest Rate Paid |   |   | Interest Rate Received |   |   | Fair Value |   |
|--------------------|--------|----------------------------------|--------|--------|--------------------|--------|--------|------------------------|--------|--------|------------|--------|
|               |   | (dollars expressed in thousands) |   |
|               |   |                             |   |   |               |   |   |                   |   |   |       |   |
| March 31, 2011:    |   |                             |   |   |               |   |   |                   |   |   |       |   |
| July 7, 2011       |   | $                                | 25,000 |   |               |   | 4.40   | %                      |   |   | 1.95       | %      |   | $ | (167 | ) |
| March 30, 2012     |   |                             | 25,000 |   |               |   | 4.71   |                   |   |   | 1.92       |   |   |   | (672 | ) |
| December 15, 2012  |   |                             | 25,000 |   |               |   | 5.57   |                   |   |   | 2.56       |   |   |   | (1,103 | ) |
|               |   | $                                | 75,000 |   |               |   | 4.89   |                   |   |   | 2.14       |   |   | $ | (1,942 | ) |
|               |   |                             |   |   |               |   |   |                   |   |   |       |   |   |   |   |   |
| 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 | ) |

| Ø   | In 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 the aggregate, was being 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.  For the three months ended March 31, 2010, the amount of the pre-tax gain amortized as an increase to interest and fees on loans was $1.9 million. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                        | March 31, 2011                   |   | December 31, 2010     |   |
|---------------------------------------------------------------------------------------------|----------------------------------|--------|-----------------------|--------|
|                                                                                        | Balance Sheet Location           |   | Fair ValueGain (Loss) |   | Balance Sheet Location |   | Fair Value Gain (Loss) |   |
|                                                                                        | (dollars expressed in thousands) |   |
|                                                                                        |                             |   |                  |   |   |   |   |   |
| Derivative financial instruments not designated as hedging instruments under ASC Topic 815: |                             |   |                  |   |   |   |   |   |   |   |
|                                                                                        |                             |   |                  |   |   |   |   |   |   |   |
| Customer interest rate swap agreements                                                      | Other assets                     |   | $                     | 662    |   | Other assets |   | $ | 792 |   |
| Interest rate lock commitments                                                              | Other assets                     |   |                  | 580    |   | Other assets |   |   | 276 |   |
| Forward commitments to sell mortgage-backed securities                                      | Other assets                     |   |                  | (104   | ) | Other assets |   |   | 1,538 |   |
| Total derivatives in other assets                                                           |                             |   | $                     | 1,138  |   |   |   | $ | 2,606 |   |
|                                                                                        |                             |   |                  |   |   |   |   |   |   |   |
| Interest rate swap agreements – subordinated debentures                               | Other liabilities                |   | $                     | (1,942 | ) | Other liabilities |   | $ | (2,402 | ) |
| Customer interest rate swap agreements                                                      | Other liabilities                |   |                  | (529   | ) | Other liabilities |   |   | (636 | ) |
| Total derivatives in other liabilities                                                      |                             |   | $                     | (2,471 | ) |   |   | $ | (3,038 | ) |

|                                                                                        |                             | Three Months EndedMarch 31, |   |
|---------------------------------------------------------------------------------------------|----------------------------------|-----------------------------|--------|
|                                                                                        |                             | 2011                        |   | 2010 |   |
|                                                                                        | (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 | $                                |  —               |   | 1,915 |   |

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Table of Contents

|                                                                                        |                             | Three Months EndedMarch 31, |    |
|---------------------------------------------------------------------------------------------|----------------------------------|-----------------------------|---------|
|                                                                                        |                             | 2011                        |    |   | 2010 |   |
|                                                                                        | (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                                                          |                             | $                           | (56     | ) |   |   | (1,328 | ) |
|                                                                                        |                             |                        |    |   |   |   |   |   |
| Customer interest rate swap agreements:                                                     |                             |                        |    |   |   |   |   |   |
| Net loss on derivative instruments                                                          |                             |                        | — |   |   |   | 1 |   |
|                                                                                        |                             |                        |    |   |   |   |   |   |
| Interest rate lock commitments:                                                             |                             |                        |    |   |   |   |   |   |
| Gain on loans sold and held for sale                                                        |                             |                        | 304     |   |   |   | 131 |   |
|                                                                                        |                             |                        |    |   |   |   |   |   |
| Forward commitments to sell mortgage-backed securities:                                     |                             |                        |    |   |   |   |   |   |
| Gain on loans sold and held for sale                                                        |                             |                        | (1,642  | ) |   |   | (612 | ) |

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Analysis of Financial 

| 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 “3⁄4Recent Developments and Other Matters – 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 “3⁄4Recent Developments and Other Matters – 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   | High unemployment rates and the resulting impact on our customers’ savings rates and their ability to service debt obligations; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

----

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

| 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; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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; |
|--------------------|----------------------------------------------------------------------------|

| 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. |
|--------------------|----------------------------------------------------------------------------------------------------------------------|

| 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; |
|--------------------|----------------------------|

| Ø   | LC Resolution Corporation; and |
|--------------------|--------------------------------|

| Ø   | WBI Resolution, LLC. |
|--------------------|----------------------|

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----

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|                                     |   | Gain (Loss)on Sale          |    |   | Decrease in Intangible Assets |   |    | Decrease in Risk-Weighted Assets |   |   | Total Risk-Based Capital Benefit(1) |   |
|------------------------------------------|--------|----------------------------------|---------|--------|-----------------------------------------|--------|---------|---------------------------------------|--------|--------|-------------------------------------|--------|
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                             |    |   |                                    |   |    |                                  |   |   |                                |   |
| Reduction in Risk-Weighted Assets        |   | $                                | — |   |                                    |   | — |                                  |   |   | 341,100                             |   |   |   | 29,800 |   |
| Total 2011 Capital Initiatives           |   | $                                | — |   |                                    |   | — |                                  |   |   | 341,100                             |   |   |   | 29,800 |   |
|                                     |   |                             |    |   |                                    |   |    |                                  |   |   |                                |   |   |   |   |   |
| 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  |                                  |   |   | 4,978,400                           |   |   |   | 526,300 |   |

| (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   | 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 assumed approximately $92.5 million of deposits associated with these branches for a weighted average premium of approximately 2.4%, or $2.2 million. United Community also purchased approximately $37.9 million of loans as well as certain other assets at par value, including premises and equipment, associated with these branches. We completed the transaction on May 13, 2011 which resulted in a preliminary gain of approximately $400,000, net of a reduction in goodwill and intangible assets of $1.6 million allocated to the Northern Illinois Region (defined below), as further described in Note 18 to our consolidated financial statements. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 assumed $10.4 million of deposits associated with our Edwardsville Branch for a premium of $130,000. National Bank also purchased $667,000 of loans associated with our Edwardsville Branch at a premium of 0.5%, or $3,000, and premises and equipment associated with our Edwardsville Branch at a premium of approximately $640,000. We completed the transaction on April 29, 2011 which resulted in a gain of approximately $265,000, net of a reduction in goodwill of $500,000 allocated to the transaction, as further described in Note 18 to our consolidated financial statements. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | The reduction of our net risk-weighted assets to $4.50 billion at March 31, 2011, representing decreases of $341.1 million from $4.85 billion at December 31, 2010, $3.07 billion from $7.56 billion at December 31, 2009, $4.98 billion from $9.48 billion at December 31, 2008 and $5.74 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 short-term investments and investment securities balances, as further described under “—Financial Condition.” |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 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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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | March 31, |   | December 31, |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2011 (1)  |   | 2010 (1)     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |      |   |         |
| First Bank:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |      |   |         |
| Total capital (to risk-weighted assets)                                                                              |   |      | 13.78  | %            |   | 12.95 | % |
| Tier 1 capital (to risk-weighted assets)                                                                             |   |      | 12.49  |         |   | 11.66 |   |
| Tier 1 capital (to average assets)                                                                                   |   |      | 7.89   |         |   | 7.40 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |      |   |         |   |   |   |
| First Banks, Inc.:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |   |         |   |   |   |
| Total capital (to risk-weighted assets)                                                                              |   |      | 4.29   |         |   | 6.29 |   |
| Tier 1 capital (to risk-weighted assets)                                                                             |   |      | 2.14   |         |   | 3.15 |   |
| Tier 1 capital (to average assets)                                                                                   |   |      | 1.35   |         |   | 1.99 |   |

| (1) | The Company’sregulatory capital ratios at March 31, 2011 reflect the implementation of new Federal Reserve rules that became effective on March 31, 2011. The Federal Reserve’s final rules that were effective on March 31, 2011, if implemented as of December 31, 2010, would have reduced the Company’s total capital (to risk-weighted assets), Tier 1 capital (to risk-weighted assets) and Tier 1 capital (to average assets) to 4.53%, 2.27% and 1.44%, respectively, at December 31, 2010. The Federal Reserve’s final rules, if implemented as of December 31, 2010, would not have an impact on First Bank’s regulatory capital ratios at December 31, 2010. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | The sale of our San Jose Branch on February 11, 2011, resulting in a cash outflow of $7.8 million; |
|--------------------|----------------------------------------------------------------------------------------------------|

| Ø   | A net increase in our investment securities portfolio of $218.9 million, excluding the impact of investment security purchases of $46.7 million traded in March 2011 but not settled until April 2011; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A decrease in our deposit balances of approximately $211.7 million, excluding the impact of the divestiture of the San Jose Branch. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A decrease in loans of $344.0 million, exclusive of loan charge-offs and transfers to other real estate; |
|--------------------|----------------------------------------------------------------------------------------------------------|

| Ø   | Recoveries of loans previously charged off of $9.8 million; |
|--------------------|-------------------------------------------------------------|

| Ø   | Sales of other real estate properties resulting in the receipt of cash proceeds from these sales of approximately $20.7 million; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A net increase in our other borrowings of $7.6 million, consisting of changes in our daily repurchase agreements utilized by customers as an alternative deposit product; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | The redemption of $1.9 million of FRB stock associated with the reduction in our total assets during 2011. |
|--------------------|------------------------------------------------------------------------------------------------------------|

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| Ø   | A net loss, including discontinued operations, of $6.1 million; and |
|--------------------|---------------------------------------------------------------------|

| Ø   | Dividends declared of $4.4 million on our Class C and Class D Preferred Stock; partially offset by |
|--------------------|----------------------------------------------------------------------------------------------------|

| Ø   | An increase in noncontrolling interest in subsidiary of $65,000 associated with net income in FB Holdings; and |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| Ø   | A net increase in accumulated other comprehensive income of $3.1 million primarily associated with changes in unrealized gains and losses on available-for-sale investment securities. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A provision for loan losses of $10.0 million for the three months ended March 31, 2011, compared to $42.0 million for the comparable period in 2010; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Net interest income of $48.5 million for the three months ended March 31, 2011, compared to $62.3 million for the comparable period in 2010; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Noninterest income of $14.1 million for the three months ended March 31, 2011, compared to $15.4 million for the comparable period in 2010; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Noninterest expense of $58.8 million for the three months ended March 31, 2011, compared to $65.9 million for the comparable period in 2010; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A provision for income taxes of $52,000 for the three months ended March 31, 2011, compared to $105,000 for the comparable period in 2010; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Net income from discontinued operations, net of tax, of $194,000 for the three months ended March 31, 2011, compared to $2.3 million for the comparable period in 2010; and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Net income attributable to noncontrolling interest in subsidiary of $65,000 for the three months ended March 31, 2011, compared to a net loss attributable to noncontrolling interest in subsidiary of $437,000 for the comparable period in 2010. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                             |                             | Three Months Ended March 31, |      |
|--------------------------------------------------|----------------------------------|------------------------------|-----------|
|                                             |                             | 2011                         |      |   | 2010 |   |
|                                             |                             |                         |      |   | Interest |   |   |   |   |   |   |   |   | Interest |   |   |   |   |
|                                             |                             | Average                      |      |   | Income/ |   |   | Yield/ |   |   | Average |   |   | Income/ |   |   | Yield/ |   |
|                                             |                             | Balance                      |      |   | Expense |   |   | Rate |   |   | Balance |   |   | Expense |   |   | Rate |   |
|                                             | (dollars expressed in thousands) |
| ASSETS                                      |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                         |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans (1) (2) (3) (4)                            |                             | $                            | 4,321,682 |   |   |   | 52,606 |   |   |   | 4.94 | % |   | $ | 6,248,503 |   |   |   | 77,814 |   |   |   | 5.05 | % |
| Investment securities (4)                        |                             |                         | 1,609,743 |   |   |   | 8,824 |   |   |   | 2.22 |   |   |   | 676,395 |   |   |   | 5,290 |   |   |   | 3.17 |   |
| FHLB and FRB stock                               |                             |                         | 28,995    |   |   |   | 396 |   |   |   | 5.54 |   |   |   | 62,132 |   |   |   | 583 |   |   |   | 3.81 |   |
| Short-term investments                           |                             |                         | 861,119   |   |   |   | 532 |   |   |   | 0.25 |   |   |   | 1,952,830 |   |   |   | 1,220 |   |   |   | 0.25 |   |
| Total interest-earning assets                    |                             |                         | 6,821,539 |   |   |   | 62,358 |   |   |   | 3.71 |   |   |   | 8,939,860 |   |   |   | 84,907 |   |   |   | 3.85 |   |
| Nonearning assets                                |                             |                         | 412,098   |   |   |   |   |   |   |   |   |   |   |   | 458,130 |   |   |   |   |   |   |   |   |   |
| Assets of discontinued operations                |                             |                         | 40,038    |   |   |   |   |   |   |   |   |   |   |   | 589,284 |   |   |   |   |   |   |   |   |   |
| Total assets                                     |                             | $                            | 7,273,675 |   |   |   |   |   |   |   |   |   |   | $ | 9,987,274 |   |   |   |   |   |   |   |   |   |
|                                             |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY       |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                    |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits:                       |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand                          |                             | $                            | 943,847   |   |   |   | 307 |   |   |   | 0.13 | % |   | $ | 863,040 |   |   |   | 366 |   |   |   | 0.17 | % |
| Savings and money market                         |                             |                         | 2,204,360 |   |   |   | 2,866 |   |   |   | 0.53 |   |   |   | 2,155,701 |   |   |   | 4,067 |   |   |   | 0.77 |   |
| Time deposits of $100 or more                    |                             |                         | 789,561   |   |   |   | 2,825 |   |   |   | 1.45 |   |   |   | 894,054 |   |   |   | 4,353 |   |   |   | 1.97 |   |
| Other time deposits                              |                             |                         | 1,291,643 |   |   |   | 4,445 |   |   |   | 1.40 |   |   |   | 1,486,656 |   |   |   | 7,225 |   |   |   | 1.97 |   |
| Total interest-bearing deposits                  |                             |                         | 5,229,411 |   |   |   | 10,443 |   |   |   | 0.81 |   |   |   | 5,399,451 |   |   |   | 16,011 |   |   |   | 1.20 |   |
| Other borrowings                                 |                             |                         | 35,172    |   |   |   | 26 |   |   |   | 0.30 |   |   |   | 758,132 |   |   |   | 3,388 |   |   |   | 1.81 |   |
| Subordinated debentures                          |                             |                         | 353,991   |   |   |   | 3,302 |   |   |   | 3.78 |   |   |   | 353,915 |   |   |   | 3,100 |   |   |   | 3.55 |   |
| Total interest-bearing liabilities               |                             |                         | 5,618,574 |   |   |   | 13,771 |   |   |   | 0.99 |   |   |   | 6,511,498 |   |   |   | 22,499 |   |   |   | 1.40 |   |
| Noninterest-bearing liabilities:                 |                             |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                  |                             |                         | 1,135,764 |   |   |   |   |   |   |   |   |   |   |   | 1,157,993 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                |                             |                         | 117,405   |   |   |   |   |   |   |   |   |   |   |   | 99,246 |   |   |   |   |   |   |   |   |   |
| Liabilities of discontinued operations           |                             |                         | 96,160    |   |   |   |   |   |   |   |   |   |   |   | 1,702,554 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                |                             |                         | 6,967,903 |   |   |   |   |   |   |   |   |   |   |   | 9,471,291 |   |   |   |   |   |   |   |   |   |
| Stockholders’ equity                       |                             |                         | 305,772   |   |   |   |   |   |   |   |   |   |   |   | 515,983 |   |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders’ equity |                             | $                            | 7,273,675 |   |   |   |   |   |   |   |   |   |   | $ | 9,987,274 |   |   |   |   |   |   |   |   |   |
| Net interest income                              |                             |                         |      |   |   |   | 48,587 |   |   |   |   |   |   |   |   |   |   |   | 62,408 |   |   |   |   |   |
| Interest rate spread                             |                             |                         |      |   |   |   |   |   |   |   | 2.72 |   |   |   |   |   |   |   |   |   |   |   | 2.45 |   |
| Net interest margin (5)                          |                             |                         |      |   |   |   |   |   |   |   | 2.89 | % |   |   |   |   |   |   |   |   |   |   | 2.83 | % |

| (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 $90,000 and $136,000 for the three months ended March 31, 2011 and 2010, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | 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:    |    |
|-----------------------------------|----------------------------------|---------------------------------------------------|---------|
|                              |                             | Three Months Ended March 31, 2011Compared to 2010 |    |
|                              |                             |                                              |    |   |   |   | Net |   |
|                              |                             | Volume                                            |    |   | Rate |   | Change |   |
|                              | (dollars expressed in thousands) |                                              |
|                              |                             |                                              |    |   |   |   |   |   |
| Interest earned on:               |                             |                                              |    |   |   |   |   |   |
| Loans: (1) (2) (3)                |                             |                                              |    |   |   |   |   |   |
| Taxable                           |                             | $                                                 | (23,481 | ) |   |   | (1,659 | ) | (25,140 | ) |
| Tax-exempt (4)                    |                             |                                              | (40     | ) |   |   | (28 | ) | (68 | ) |
| Investment securities:            |                             |                                              |    |   |   |   |   |   |   |   |
| Taxable                           |                             |                                              | 5,419   |   |   |   | (1,822 | ) | 3,597 |   |
| Tax-exempt (4)                    |                             |                                              | (55     | ) |   |   | (8 | ) | (63 | ) |
| FHLB and FRB stock                |                             |                                              | (387    | ) |   |   | 200 |   | (187 | ) |
| Short-term investments            |                             |                                              | (688    | ) |   |   | — |   | (688 | ) |
| Total interest income             |                             |                                              | (19,232 | ) |   |   | (3,317 | ) | (22,549 | ) |
| Interest paid on:                 |                             |                                              |    |   |   |   |   |   |   |   |
| Interest-bearing demand deposits  |                             |                                              | 32      |   |   |   | (91 | ) | (59 | ) |
| Savings and money market deposits |                             |                                              | 91      |   |   |   | (1,292 | ) | (1,201 | ) |
| Time deposits                     |                             |                                              | (1,338  | ) |   |   | (2,970 | ) | (4,308 | ) |
| Other borrowings                  |                             |                                              | (1,793  | ) |   |   | (1,569 | ) | (3,362 | ) |
| Subordinated debentures           |                             |                                              | 1       |   |   |   | 201 |   | 202 |   |
| Total interest expense            |                             |                                              | (3,007  | ) |   |   | (5,721 | ) | (8,728 | ) |
| Net interest income               |                             | $                                                 | (16,225 | ) |   |   | 2,404 |   | (13,821 | ) |

|   | (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%. |
|--------|-----|--------------------------------------------------------------------------------|

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| Ø   | A loss of $334,000 recognized in the first quarter of 2011 on the sale of our San Jose Branch, as further described in Note 2 to our consolidated financial statements; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A gain of $168,000 recognized in the first quarter of 2010 on the sale of our Lawrenceville Branch; and |
|--------------------|---------------------------------------------------------------------------------------------------------|

| Ø   | Net losses on sales of other real estate of $825,000 for the first quarter of 2011 associated with sales of other real estate properties with a carrying value of $21.5 million, compared to net gains of $878,000 for the first quarter of 2010 associated with sales of other real estate properties with a carrying value of $19.2 million. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Ø   | A decrease in loan expenses associated with collection efforts related to asset quality matters to $1.2 million for the three months ended March 31, 2011, as compared to $1.9 million for the comparable period in 2010; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Overdraft losses, net of recoveries, of $298,000 for the three months ended March 31, 2011, compared to $324,000 for the comparable period in 2010. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A gain of $8.4 million during the first quarter of 2010 associated with the sale of our Chicago Region on February 19, 2010 net of a reduction in goodwill and intangible assets allocated to the Chicago Region of approximately $26.3 million; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | Other net income (loss) from all discontinued operations during the respective periods, as further described in Note 2 to our consolidated financial statements. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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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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|                                                                                 |   | Three Months or Less             |      |   | Over Three through Six Months |   |     | Over Six through Twelve Months |   |   | Over One through Five Years |   |   | Over Five Years |      |   | Total  |   |
|--------------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------|------------------------------------|--------|----------|--------------------------------|--------|--------|----------------------------------|--------|--------|----------------------|-----------|--------|--------|--------|
|                                                                                 |   | (dollars expressed in thousands) |      |
| Interest-earning assets:                                                             |   |                             |      |   |                               |   |     |                           |   |   |                             |   |   |                 |      |   |   |   |
| Loans (1)                                                                            |   | $                                | 2,517,563 |   |                               |   | 302,943  |                           |   |   | 408,610                          |   |   |                 | 811,698   |   |   |   | 64,221 |   |   |   | 4,105,035 |   |
| Investment securities                                                                |   |                             | 82,066    |   |                               |   | 71,044   |                           |   |   | 138,249                          |   |   |                 | 921,420   |   |   |   | 547,206 |   |   |   | 1,759,985 |   |
| FHLB and FRB stock                                                                   |   |                             | 28,202    |   |                               |   | —  |                           |   |   | —                          |   |   |                 | —   |   |   |   | — |   |   |   | 28,202 |   |
| Short-term investments                                                               |   |                             | 954,411   |   |                               |   | —  |                           |   |   | —                          |   |   |                 | —   |   |   |   | — |   |   |   | 954,411 |   |
| Total interest-earning assets                                                        |   | $                                | 3,582,242 |   |                               |   | 373,987  |                           |   |   | 546,859                          |   |   |                 | 1,733,118 |   |   |   | 611,427 |   |   |   | 6,847,633 |   |
| Interest-bearing liabilities:                                                        |   |                             |      |   |                               |   |     |                           |   |   |                             |   |   |                 |      |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits                                                     |   | $                                | 350,582   |   |                               |   | 217,929  |                           |   |   | 142,128                          |   |   |                 | 104,227   |   |   |   | 132,653 |   |   |   | 947,519 |   |
| Money market deposits                                                                |   |                             | 1,953,503 |   |                               |   | —  |                           |   |   | —                          |   |   |                 | —   |   |   |   | — |   |   |   | 1,953,503 |   |
| Savings deposits                                                                     |   |                             | 41,903    |   |                               |   | 34,508   |                           |   |   | 29,578                           |   |   |                 | 41,903    |   |   |   | 98,594 |   |   |   | 246,486 |   |
| Time deposits                                                                        |   |                             | 536,036   |   |                               |   | 404,389  |                           |   |   | 567,089                          |   |   |                 | 472,694   |   |   |   | 95 |   |   |   | 1,980,303 |   |
| Other borrowings                                                                     |   |                             | 39,404    |   |                               |   | —  |                           |   |   | —                          |   |   |                 | —   |   |   |   | — |   |   |   | 39,404 |   |
| Subordinated debentures                                                              |   |                             | 282,481   |   |                               |   | —  |                           |   |   | —                          |   |   |                 | —   |   |   |   | 71,519 |   |   |   | 354,000 |   |
| Total interest-bearing liabilities                                                   |   |                             | 3,203,909 |   |                               |   | 656,826  |                           |   |   | 738,795                          |   |   |                 | 618,824   |   |   |   | 302,861 |   |   |   | 5,521,215 |   |
| Effect of interest rate swap agreements                                              |   |                             | (75,000   | )      |                               |   | 25,000   |                           |   |   | 25,000                           |   |   |                 | 25,000    |   |   |   | — |   |   |   | — |   |
| Total interest-bearing liabilities after the effect of interest rate swap agreements |   | $                                | 3,128,909 |   |                               |   | 681,826  |                           |   |   | 763,795                          |   |   |                 | 643,824   |   |   |   | 302,861 |   |   |   | 5,521,215 |   |
| Interest-sensitivity gap:                                                            |   |                             |      |   |                               |   |     |                           |   |   |                             |   |   |                 |      |   |   |   |   |   |   |   |   |   |
| Periodic                                                                             |   | $                                | 453,333   |   |                               |   | (307,839 | )                              |   |   | (216,936                         | )      |   |                 | 1,089,294 |   |   |   | 308,566 |   |   |   | 1,326,418 |   |
| Cumulative                                                                           |   |                             | 453,333   |   |                               |   | 145,494  |                           |   |   | (71,442                          | )      |   |                 | 1,017,852 |   |   |   | 1,326,418 |   |   |   |   |   |
| Ratio of interest-sensitive assets to interest-sensitive liabilities:                |   |                             |      |   |                               |   |     |                           |   |   |                             |   |   |                 |      |   |   |   |   |   |   |   |   |   |
| Periodic                                                                             |   |                             | 1.14      |   |                               |   | 0.55     |                           |   |   | 0.72                             |   |   |                 | 2.69      |   |   |   | 2.02 |   |   |   | 1.24 |   |
| Cumulative                                                                           |   |                             | 1.14      |   |                               |   | 1.04     |                           |   |   | 0.98                             |   |   |                 | 1.20      |   |   |   | 1.24 |   |   |   |   |   |

| (1) | Loans are presented net of unearned discount. |
|-----|-----------------------------------------------|

| 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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|                                                   |   | March 31, 2011                   |   |   | December 31, 2010 |   |
|--------------------------------------------------------|--------|----------------------------------|--------|--------|-------------------|--------|
|                                                   |   | Notional Amount                  |   |   | Credit Exposure   |   |   | Notional Amount |   |   | Credit Exposure |   |
|                                                   |   | (dollars expressed in thousands) |   |
|                                                   |   |                             |   |   |              |   |   |   |   |   |   |   |
| Cash flow hedges – subordinated debentures (1)   |   | $                                | 75,000 |   |              |   | — |   |   |   | 75,000 |   |   |   | — |   |
| Customer interest rate swap agreements                 |   |                             | 52,430 |   |              |   | 735 |   |   |   | 53,696 |   |   |   | 869 |   |
| Interest rate lock commitments                         |   |                             | 27,120 |   |              |   | 580 |   |   |   | 41,857 |   |   |   | 276 |   |
| Forward commitments to sell mortgage-backed securities |   |                             | 34,750 |   |              |   | — |   |   |   | 84,100 |   |   |   | 1,538 |   |

| (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. Consequently, effective August 2009, the net interest differential on these interest rate swap agreements is recorded as a reduction of noninterest income rather than an increase to interest expense on junior subordinated debentures. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                               |   | March 31,                        |      |   | December 31, |   |
|----------------------------------------------------|--------|----------------------------------|-----------|--------|--------------|--------|
|                                               |   | 2011                             |      |   | 2010         |   |
|                                               |   | (dollars expressed in thousands) |      |
|                                               |   |                             |      |   |         |   |
| Commercial, financial and agricultural             |   | $                                | 947,219   |   |         |   | 1,045,832 |   |
| Real estate construction and development           |   |                             | 439,449   |   |         |   | 490,766 |   |
| Real estate mortgage:                              |   |                             |      |   |         |   |   |   |
| One-to-four family residential                     |   |                             | 987,742   |   |         |   | 1,050,895 |   |
| Multi-family residential                           |   |                             | 176,112   |   |         |   | 178,289 |   |
| Commercial real estate                             |   |                             | 1,511,869 |   |         |   | 1,642,920 |   |
| Consumer and installment, net of unearned discount |   |                             | 24,730    |   |         |   | 29,112 |   |
| Loans held for sale                                |   |                             | 17,914    |   |         |   | 54,470 |   |
| Loans, net of unearned discount                    |   | $                                | 4,105,035 |   |         |   | 4,492,284 |   |

----

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|                              |   | March 31,2011                    |      |   | December 31, 2010 |   |
|-----------------------------------|--------|----------------------------------|-----------|--------|-------------------|--------|
|                              |   | (dollars expressed in thousands) |      |
|                              |   |                             |      |   |              |   |
| Mortgage Division                 |   | $                                | 415,422   |   |              |   | 466,735 |   |
| Florida                           |   |                             | 103,968   |   |              |   | 114,061 |   |
| Northern California               |   |                             | 608,307   |   |              |   | 633,867 |   |
| Southern California               |   |                             | 1,172,053 |   |              |   | 1,268,960 |   |
| Chicago                           |   |                             | 227,767   |   |              |   | 244,277 |   |
| Missouri                          |   |                             | 810,050   |   |              |   | 879,200 |   |
| Texas                             |   |                             | 245,463   |   |              |   | 292,609 |   |
| First Bank Business Capital, Inc. |   |                             | 52,528    |   |              |   | 56,212 |   |
| Northern and Southern Illinois    |   |                             | 315,386   |   |              |   | 350,208 |   |
| Other                             |   |                             | 154,091   |   |              |   | 186,155 |   |
| Total                             |   | $                                | 4,105,035 |   |              |   | 4,492,284 |   |

| Ø | A decrease of $98.6 million in our commercial, financial and agricultural portfolio, reflecting gross loan charge-offs of $5.6 million and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø | A decrease of $51.3 million in our real estate construction and development portfolio primarily attributable to gross loan charge-offs of $10.3 million, transfers to other real estate of $4.2 million and other loan activity. The following table summarizes the composition of our real estate construction and development portfolio by region as of March 31, 2011 and December 31, 2010: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                           |   | March 31,2011                    |    |   | December 31,2010 |   |
|--------------------------------|--------|----------------------------------|---------|--------|------------------|--------|
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                             |    |   |             |   |
| Northern California            |   | $                                | 65,367  |   |             |   | 64,647 |   |
| Southern California            |   |                             | 143,015 |   |             |   | 157,306 |   |
| Chicago                        |   |                             | 39,720  |   |             |   | 44,166 |   |
| Missouri                       |   |                             | 49,610  |   |             |   | 62,012 |   |
| Texas                          |   |                             | 107,604 |   |             |   | 128,794 |   |
| Florida                        |   |                             | 2,247   |   |             |   | 3,799 |   |
| Northern and Southern Illinois |   |                             | 23,459  |   |             |   | 28,721 |   |
| Other                          |   |                             | 8,427   |   |             |   | 1,321 |   |
| Total                          |   | $                                | 439,449 |   |             |   | 490,766 |   |

| Ø  | A decrease of $63.2 million in our one-to-four family residential real estate loan portfolio primarily attributable to gross loan charge-offs of $9.7 million, transfers to other real estate of $2.6 million and principal payments. The following table summarizes the composition of our one-to-four family residential real estate loan portfolio as of March 31, 2011 and December 31, 2010: |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | March 31,2011                    |    |   | December 31,2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|--------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | (dollars expressed in thousands) |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                             |    |   |             |   |
| One-to-four family residential real estate:                                                                                                                                                                                                                                                                                                                                                                                                   |   |                             |    |   |             |   |
| Bank portfolio                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                                | 210,371 |   |             |   | 239,363 |   |
| Mortgage Division portfolio, excluding Florida                                                                                                                                                                                                                                                                                                                                                                                                |   |                             | 280,743 |   |             |   | 286,584 |   |
| Florida Mortgage Division portfolio                                                                                                                                                                                                                                                                                                                                                                                                           |   |                             | 109,531 |   |             |   | 125,369 |   |
| Home equity portfolio                                                                     |   |                             | 387,097 |   |             |   | 399,579 |   |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | $                                | 987,742 |   |             |   | 1,050,895 |   |

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| Ø  | A decrease of $2.2 million in our multi-family residential real estate due to portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø  | A decrease of $131.1 million in our commercial real estate portfolio primarily attributable to gross loan charge-offs of $11.1 million, transfers to other real estate of $3.0 million 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 March 31, 2011 and December 31, 2010: |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|               |   | March 31,2011                    |      |   | December 31,2010 |   |
|--------------------|--------|----------------------------------|-----------|--------|------------------|--------|
|               |   | (dollars expressed in thousands) |      |
|               |   |                             |      |   |             |   |
| Farmland           |   | $                                | 31,932    |   |             |   | 36,735 |   |
| Owner occupied     |   |                             | 772,218   |   |             |   | 798,842 |   |
| Non-owner occupied |   |                             | 707,719   |   |             |   | 807,343 |   |
| Total              |   | $                                | 1,511,869 |   |             |   | 1,642,920 |   |

|                           |   | March 31,2011                    |    |   | December 31,2010 |   |
|--------------------------------|--------|----------------------------------|---------|--------|------------------|--------|
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                             |    |   |             |   |
| Northern California            |   | $                                | 192,778 |   |             |   | 208,127 |   |
| Southern California            |   |                             | 272,712 |   |             |   | 305,287 |   |
| Chicago                        |   |                             | 20,531  |   |             |   | 27,907 |   |
| Missouri                       |   |                             | 124,502 |   |             |   | 149,106 |   |
| Texas                          |   |                             | 42,429  |   |             |   | 61,258 |   |
| Florida                        |   |                             | 12,141  |   |             |   | 13,338 |   |
| Northern and Southern Illinois |   |                             | 25,631  |   |             |   | 24,990 |   |
| Other                          |   |                             | 16,995  |   |             |   | 17,330 |   |
| Total                          |   | $                                | 707,719 |   |             |   | 807,343 |   |

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| Ø  | A decrease of $4.4 million in our consumer and installment portfolio, net of unearned discount, reflecting a decrease in unearned discount of $392,000, gross charge-offs of $218,000 and portfolio runoff associated with a decline in internal production and reduced loan demand within our markets; and |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø  | A decrease of $36.6 million in our loans held for sale portfolio primarily resulting from the timing of loan originations and subsequent sales into the secondary mortgage and small business markets. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                    |                             | March 31,2011 |      |   | December 31,2010 |   |
|-------------------------------------------------------------------------|----------------------------------|---------------|-----------|--------|------------------|--------|
|                                                                    | (dollars expressed in thousands) |
|                                                                    |                             |          |      |   |             |   |
| Nonperforming Assets:                                                   |                             |          |      |   |             |   |
| Nonaccrual loans:                                                       |                             |          |      |   |             |   |
| Commercial, financial and agricultural                                  |                             | $             | 81,709    |   |             |   | 67,365 |   |
| Real estate construction and development                                |                             |          | 126,589   |   |             |   | 134,244 |   |
| One-to-four family residential real estate:                             |                             |          |      |   |             |   |   |   |
| Bank portfolio                                                          |                             |          | 13,023    |   |             |   | 14,479 |   |
| Mortgage Division portfolio                                             |                             |          | 29,038    |   |             |   | 33,386 |   |
| Home equity portfolio                                                   |                             |          | 7,228     |   |             |   | 7,122 |   |
| Multi-family residential                                                |                             |          | 12,462    |   |             |   | 12,960 |   |
| Commercial real estate                                                  |                             |          | 111,915   |   |             |   | 129,187 |   |
| Consumer and installment                                                |                             |          | 42        |   |             |   | 165 |   |
| Total nonaccrual loans                                                  |                             |          | 382,006   |   |             |   | 398,908 |   |
| Other real estate                                                       |                             |          | 126,554   |   |             |   | 140,628 |   |
| Other repossessed assets                                                |                             |          | 71        |   |             |   | 37 |   |
| Total nonperforming assets                                              |                             | $             | 508,631   |   |             |   | 539,573 |   |
|                                                                    |                             |          |      |   |             |   |   |   |
| Loans, net of unearned discount                                         |                             | $             | 4,105,035 |   |             |   | 4,492,284 |   |
|                                                                    |                             |          |      |   |             |   |   |   |
| Performing troubled debt restructurings                                 |                             | $             | 89,712    |   |             |   | 112,903 |   |
|                                                                    |                             |          |      |   |             |   |   |   |
| Loans past due 90 days or more and still accruing                       |                             | $             | 2,432     |   |             |   | 5,523 |   |
|                                                                    |                             |          |      |   |             |   |   |   |
| Ratio of:                                                               |                             |          |      |   |             |   |   |   |
| Allowance for loan losses to loans                                      |                             |          | 4.48      | %      |             |   | 4.48 | % |
| Nonaccrual loans to loans                                               |                             |          | 9.31      |   |             |   | 8.88 |   |
| Allowance for loan losses to nonaccrual loans                           |                             |          | 48.16     |   |             |   | 50.40 |   |
| Nonperforming assets to loans, other real estate and repossessed assets |                             |          | 12.02     |   |             |   | 11.65 |   |

| Ø  | A decrease in nonaccrual loans of $7.7 million in our real estate construction and development loan portfolio driven by gross loan charge-offs of $10.3 million, transfers to other real estate of $4.2 million and payments received, partially offset by additions to nonaccrual loans during the three months ended March 31, 2011. Although the level 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 in our primary market areas; |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø  | A decrease in nonaccrual loans of $4.3 million in our one-to-four family residential real estate Mortgage Division loan portfolio primarily driven by gross loan charge-offs of $6.6 million, transfers to other real estate of $2.0 million and payments received, partially offset by additions to nonaccrual loans during the three months ended March 31, 2011 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. We continue to modify loans under HAMP where deemed economically advantageous to our borrowers and us; and |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| Ø  | A decrease in nonaccrual loans of $17.3 million in our commercial real estate portfolio primarily driven by gross loan charge-offs of $11.1 million, transfers to other real estate of $3.0 million and payments received, partially offset by new additions resulting from continued weak economic conditions and significant declines in real estate values. There was a single $29.0 million nonaccrual credit relationship in our Southern California region at March 31, 2011, which comprised 25.9% of our total commercial real estate nonaccrual loans. This loan was subsequently paid off in April 2011 at our recorded investment balance of $29.0 million. |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø  | An increase in nonaccrual loans of $14.3 million in our commercial, financial and agricultural portfolio primarily driven by new additions during the three months ended March 31, 2011, partially offset by gross loan charge-offs of $5.6 million and payments received. Additions to nonaccrual status during the first quarter of 2011 included two credits with outstanding balances of $8.9 million and $7.6 million, or $16.5 million in aggregate. |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                           |   | March 31,2011                    |    |   | December 31,2010 |   |
|--------------------------------|--------|----------------------------------|---------|--------|------------------|--------|
|                           |   | (dollars expressed in thousands) |    |
|                           |   |                             |    |   |             |   |
| Mortgage Division              |   | $                                | 35,848  |   |             |   | 41,686 |   |
| Florida                        |   |                             | 12,301  |   |             |   | 15,243 |   |
| Northern California            |   |                             | 58,123  |   |             |   | 62,339 |   |
| Southern California            |   |                             | 134,371 |   |             |   | 143,522 |   |
| Chicago                        |   |                             | 58,064  |   |             |   | 71,882 |   |
| Missouri                       |   |                             | 108,176 |   |             |   | 99,161 |   |
| Texas                          |   |                             | 55,195  |   |             |   | 60,967 |   |
| Northern and Southern Illinois |   |                             | 24,441  |   |             |   | 21,372 |   |
| Other                          |   |                             | 22,112  |   |             |   | 23,401 |   |
| Total nonperforming assets     |   | $                                | 508,631 |   |             |   | 539,573 |   |

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Table of Contents

|                                          |   | March 31,                        |    |   | December 31, |   |
|-----------------------------------------------|--------|----------------------------------|---------|--------|--------------|--------|
|                                          |   | 2011                             |    |   | 2010         |   |
|                                          |   | (dollars expressed in thousands) |    |
|                                          |   |                             |    |   |         |   |
| Commercial, financial and agricultural        |   | $                                | 1,249   |   |         |   | — |   |
| Real estate construction and development      |   |                             | 3,145   |   |         |   | 3,145 |   |
| Real estate mortgage:                         |   |                             |    |   |         |   |   |   |
| One-to-four family residential                |   |                             | 85,318  |   |         |   | 91,329 |   |
| Commercial real estate                        |   |                             | — |   |         |   | 18,429 |   |
| Total performing troubled debt restructurings |   | $                                | 89,712  |   |         |   | 112,903 |   |

----

Table of Contents

|                                     |   | March 31,                        |    | December 31, |    |
|------------------------------------------|--------|----------------------------------|---------|--------------|---------|
|                                     |   | 2011                             |    | 2010         |    |
|                                     |   | (dollars expressed in thousands) |    |
|                                     |   |                             |    |         |    |
| Commercial, financial and agricultural   |   | $                                | 82,503  |         | 100,383 |   |
| Real estate construction and development |   |                             | 94,385  |         | 128,227 |   |
| Real estate mortgage:                    |   |                             |    |         |    |   |
| One-to-four family residential           |   |                             | 42,971  |         | 43,013  |   |
| Multi-family residential                 |   |                             | 47,845  |         | 5,584   |   |
| Commercial real estate                   |   |                             | 93,818  |         | 95,933  |   |
| Total nonperforming assets               |   | $                                | 361,522 |         | 373,140 |   |

|                              |   | March 31,                        |    |   | December 31, |   |
|-----------------------------------|--------|----------------------------------|---------|--------|--------------|--------|
|                              |   | 2011                             |    |   | 2010         |   |
|                              |   | (dollars expressed in thousands) |    |
|                              |   |                             |    |   |         |   |
| Mortgage Division                 |   | $                                | 10,131  |   |         |   | 9,859 |   |
| Florida                           |   |                             | 2,622   |   |         |   | 2,783 |   |
| Northern California               |   |                             | 58,609  |   |         |   | 64,601 |   |
| Southern California               |   |                             | 88,844  |   |         |   | 106,526 |   |
| Chicago                           |   |                             | 39,738  |   |         |   | 15,030 |   |
| Missouri                          |   |                             | 70,501  |   |         |   | 91,813 |   |
| Texas                             |   |                             | 15,490  |   |         |   | 27,028 |   |
| First Bank Business Capital, Inc. |   |                             | 26,385  |   |         |   | 18,992 |   |
| Northern and Southern Illinois    |   |                             | 44,618  |   |         |   | 32,548 |   |
| Other                             |   |                             | 4,584   |   |         |   | 3,960 |   |
| Total potential problem loans     |   | $                                | 361,522 |   |         |   | 373,140 |   |

----

Table of Contents

| 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 throughout 2009 and 2010, 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 2009 and 2010 which carried lower allowance for loan loss allocations; partially offset by |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

Table of Contents

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                             |  Three Months EndedMarch 31, |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|-----------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                             | 2011                              |    |   | 2010 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | (dollars expressed in thousands) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                             |                              |    |   |   |   |
| Allowance for loan losses, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                             | $                                 | 201,033 |   |   |   | 266,448 |   |
| Allowance for loan losses allocated to loans sold                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                             |                              | — |   |   |   | (257 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                             |                              | 201,033 |   |   |   | 266,191 |   |
| Loans charged-off:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                             |                              |    |   |   |   |   |   |
| Commercial, financial and agricultural                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                             |                              | (5,554  | ) |   |   | (6,527 | ) |
| Real estate construction and development                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                             |                              | (10,314 | ) |   |   | (39,073 | ) |
| Real estate mortgage:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              |    |   |   |   |   |   |
| One-to-four family residential loans:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              |    |   |   |   |   |   |
| Bank portfolio                                                                                                   |                             |                              | (701    | ) |   |   | (1,572 | ) |
| Mortgage Division portfolio                                                                                      |                             |                              | (6,618  | ) |   |   | (20,683 | ) |
| Home equity portfolio                                                                                            |                             |                              | (2,406  | ) |   |   | (2,377 | ) |
| Multi-family residential loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                             |                              | — |   |   |   | (2,698 | ) |
| Commercial real estate loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                             |                              | (11,094 | ) |   |   | (15,083 | ) |
| Consumer and installment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                             |                              | (218    | ) |   |   | (369 | ) |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              | (36,905 | ) |   |   | (88,382 | ) |
| Recoveries of loans previously charged-off:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                             |                              |    |   |   |   |   |   |
| Commercial, financial and agricultural                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                             |                              | 2,890   |   |   |   | 27,268 |   |
| Real estate construction and development                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                             |                              | 3,870   |   |   |   | 1,226 |   |
| Real estate mortgage:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              |    |   |   |   |   |   |
| One-to-four family residential loans:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              |    |   |   |   |   |   |
| Bank portfolio                                                                                                   |                             |                              | 127     |   |   |   | 20 |   |
| Mortgage Division portfolio                                                                                      |                             |                              | 1,085   |   |   |   | 1,099 |   |
| Home equity portfolio                                                                                            |                             |                              | 70      |   |   |   | 102 |   |
| Multi-family residential loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                             |                              | — |   |   |   | — |   |
| Commercial real estate loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                             |                              | 1,719   |   |   |   | 437 |   |
| Consumer and installment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                             |                              | 84      |   |   |   | 103 |   |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              | 9,845   |   |   |   | 30,255 |   |
| Net loans charged-off                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                             |                              | (27,060 | ) |   |   | (58,127 | ) |
| Provision for loan losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                             |                              | 10,000  |   |   |   | 42,000 |   |
| Allowance for loan losses, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                             | $                                 | 183,973 |   |   |   | 250,064 |   |

| Ø   | A decrease in net loan charge-offs of $31.4 million associated with our real estate construction and development portfolio to $6.4 million for the three months ended March 31, 2011 as compared to $37.8 million for the three months ended March 31, 2010. Net loan charge-offs for the three months ended March 31, 2011 included a $5.7 million charge-off on a loan in the Missouri region. Net loan charge-offs for the three months ended March 31, 2010 included a $9.7 million charge-off on a loan in our Missouri region and an $8.0 million charge-off on a loan in our Southern California region. We continue to experience significant distress and unstable market conditions throughout our market areas, resulting in continued increased developer inventories, slower lot and home sales and declining real estate values; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A decrease in net loan charge-offs of $14.1 million associated with our one-to-four family residential Mortgage Division portfolio to $5.5 million for the three months ended March 31, 2011 as compared to $19.6 million for the three months ended March 31, 2010. The decrease in net loan charge-offs is reflective of the declining portfolio balance and the substantial decrease in nonaccrual loans throughout 2010 and the first quarter of 2011, in addition to improving delinquency trends; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A decrease in net loan charge-offs of $2.7 million associated with our multi-family residential real estate portfolio to zero for the three months ended March 31, 2011 as compared to $2.7 million for the three months ended March 31, 2010; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Ø   | A decrease in net loan charge-offs of $5.3 million associated with our commercial real estate portfolio to $9.4 million for the three months ended March 31, 2011 as compared to $14.6 million for the three months ended March 31, 2010. The decrease in net loan charge-offs is reflective of the declining portfolio balance and the decrease in nonaccrual loans; partially offset by |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Ø   | An increase in net loan charge-offs associated with our commercial, financial and agricultural portfolio of $23.4 million to $2.7 million for the three months ended March 31, 2011 as compared to net recoveries of $20.7 million for the three months ended March 31, 2010. Specifically in this portfolio, during the three months ended March 31, 2010, we recorded a $25.0 million recovery on a single credit whereby we had previously recorded aggregate charge-offs of $30.0 million during 2009 on the same credit. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              |   | Three Months Ended               |   |
|-----------------------------------|--------|----------------------------------|--------|
|                              |   | March 31,                        |   |
|                              |   | 2011                             |   |   | 2010 |   |
|                              |   | (dollars expressed in thousands) |   |
|                              |   |                             |   |   |   |   |
| Mortgage Division                 |   | $                                | 5,533  |   |   |   | 19,584 |   |
| Florida                           |   |                             | 1,326  |   |   |   | 3,899 |   |
| Northern California               |   |                             | 3,048  |   |   |   | 3,926 |   |
| Southern California               |   |                             | 5,468  |   |   |   | (9,307 | ) |
| Chicago                           |   |                             | 795    |   |   |   | 11,651 |   |
| Missouri                          |   |                             | 7,493  |   |   |   | 22,933 |   |
| Texas                             |   |                             | 1,683  |   |   |   | 858 |   |
| First Bank Business Capital, Inc. |   |                             | (462   | ) |   |   | 500 |   |
| Northern and Southern Illinois    |   |                             | 1,294  |   |   |   | 466 |   |
| Other                             |   |                             | 882    |   |   |   | 3,617 |   |
| Total net loan charge-offs        |   | $                                | 27,060 |   |   |   | 58,127 |   |

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| 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. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                     |   | March 31, |   |   | December 31, |   |
|------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                     |   | 2011      |   |   | 2010         |   |
|                                     |   |      |   |   |         |   |
| Commercial, financial and agricultural   |   |      | 2.81   | %      |         |   | 2.68 | % |
| Real estate construction and development |   |      | 11.91  |   |         |   | 11.91 |   |
| Real estate mortgage:                    |   |      |   |   |         |   |   |   |
| One-to-four family residential loans     |   |      | 5.64   |   |         |   | 5.78 |   |
| Multi-family residential loans           |   |      | 4.84   |   |         |   | 2.89 |   |
| Commercial real estate loans             |   |      | 2.65   |   |         |   | 2.91 |   |
| Consumer and installment                 |   |      | 2.81   |   |         |   | 2.73 |   |
| Total                                    |   |      | 4.48   |   |         |   | 4.48 |   |

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|  Ø   | The sale of our San Jose Branch on February 11, 2011, resulting in a cash outflow of $7.8 million; |
|--------------------------|----------------------------------------------------------------------------------------------------|

|  Ø   | A net increase in our investment securities portfolio of $218.9 million, excluding the impact of investment security purchases of $46.7 million traded in March 2011 but not settled until April 2011; and |
|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Ø   | A decrease in our deposit balances of approximately $211.7 million, excluding the impact of the divestiture of the San Jose Branch. |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------|

|  Ø   | A decrease in loans of $344.0 million, exclusive of loan charge-offs and transfers to other real estate; |
|--------------------------|----------------------------------------------------------------------------------------------------------|

|  Ø   | Recoveries of loans previously charged off of $9.8 million; |
|--------------------------|-------------------------------------------------------------|

|  Ø   | Sales of other real estate properties resulting in the receipt of cash proceeds from these sales of approximately $20.7 million; |
|--------------------------|----------------------------------------------------------------------------------------------------------------------------------|

|  Ø   | A net increase in our other borrowings of $7.6 million, consisting of changes in our daily repurchase agreements utilized by customers as an alternative deposit product; and |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Ø   | The redemption of $1.9 million of FRB stock associated with the reduction in our total assets during 2011. |
|--------------------------|------------------------------------------------------------------------------------------------------------|

|                                  |   | Certificates of Deposit of $100,000 or More |    |   | Other Borrowings |   |    | Total  |   |
|---------------------------------------|--------|---------------------------------------------|---------|--------|------------------|--------|---------|--------|--------|
|                                  |   | (dollars expressed in thousands)            |    |
|                                  |   |                                        |    |   |             |   |    |   |   |
| Three months or less                  |   | $                                           | 214,882 |   |             |   | 39,404  |   |   |   | 254,286 |   |
| Over three months through six months  |   |                                        | 153,141 |   |             |   | — |   |   |   | 153,141 |   |
| Over six months through twelve months |   |                                        | 208,856 |   |             |   | — |   |   |   | 208,856 |   |
| Over twelve months                    |   |                                        | 164,099 |   |             |   | — |   |   |   | 164,099 |   |
| Total                                 |   | $                                           | 740,978 |   |             |   | 39,404  |   |   |   | 780,382 |   |

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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 “—Recent Developments and Other Matters – Regulatory Agreements;” |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Ø   | We deem it advisable, or are required by regulatory authorities, 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, First Bank has no outstanding borrowings at March 31, 2011 with the exception of $39.4 million of daily repurchase agreements; 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 Than1 Year                  |      |   | 1-3Years |   |    | 3-5Years |   |   | Over5 Years |   | Total (1) |
|---------------------------------------------|--------|----------------------------------|-----------|--------|----------|--------|---------|----------|--------|--------|-------------|--------|-----------|
|                                        |   | (dollars expressed in thousands) |
|                                        |   |                             |      |   |     |   |    |     |   |   |        |   |      |
| Operating leases                            |   | $                                | 12,883    |   |     |   | 20,925  |     |   |   | 12,629      |   |      |   | 32,351 |   | 78,788 |
| Certificates of deposit (2)                 |   |                             | 1,506,189 |   |     |   | 458,408 |     |   |   | 15,611      |   |      |   | 95 |   | 1,980,303 |
| Other borrowings (2)                        |   |                             | 39,404    |   |     |   | — |     |   |   | —     |   |      |   | — |   | 39,404 |
| Subordinated debentures (3)                 |   |                             | —   |   |     |   | — |     |   |   | —     |   |      |   | 354,000 |   | 354,000 |
| Preferred stock issued under the CPP (3)(4) |   |                             | —   |   |     |   | — |     |   |   | —     |   |      |   | 310,170 |   | 310,170 |
| Other contractual obligations (5)           |   |                             | 47,512    |   |     |   | 290     |     |   |   | 7           |   |      |   | 1 |   | 47,810 |
| Total                                       |   |  $                          | 1,605,988 |   |     |   | 479,623 |     |   |   | 28,247      |   |      |   | 696,617 |   | 2,810,475 |

| (1)   | Amounts exclude ASC Topic 740 unrecognized tax liabilities of $1.3 million and related accrued interest expense of $197,000 for which the timing of payment of such liabilities cannot be reasonably estimated as of March 31, 2011. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Amounts exclude the related accrued interest expense on certificates of deposit and other borrowings of $1.5 million as of March 31, 2011. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Amounts exclude the accrued interest expense on subordinated debentures and the accrued dividends declared on preferred stock issued under the CPP of $22.8 million and $29.5 million, respectively, as of March 31, 2011. As further described under “3⁄4Recent Developments and Other Matters – Regulatory Agreements,” we currently may not make any distributions of interest or other sums on our subordinated debentures and related underlying trust preferred securities without the prior approval of the FRB. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Represents amounts payable upon redemption of the Class C Preferred Stock and the Class D Preferred Stock issued under the CPP of $295.4 million and $14.8 million, respectively. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | Amounts include $46.7 million related to an obligation for investment securities traded in March 2011 that subsequently settled in April 2011, as further described under “3⁄4Financial Condition.” |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 3 – Quantitative and Qualitative 

Controls and 

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al 

xhib

| Exhibit Number |   | Description |
|----------------|--------|-------------|
|           |   |        |   |
|           | 4.1    |        | First Supplemental Indenture, dated as of January 26, 2011, between the Company, as Issuer, and The Bank of New York Mellon Trust Company, N.A., as Trustee (incorporated herein by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K dated January 27, 2011). |
|           |   |        |   |
|           | 4.2    |        | First Amendment to the Amended and Restated Trust Agreement of First Preferred Capital Trust IV, dated January 26, 2011, among the Company, The Bank of New York Mellon Trust Company, N.A., as Property Trustee, Wilmington Trust Company, as Delaware Trustee, and the Administrative Trustees named therein (incorporated herein by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K dated January 27, 2011). |
|           |   |        |   |
|           | 4.3    |        | First Amendment to Preferred Securities Guarantee Agreement, dated as of January 26, 2011, between the Company, as Guarantor, and The Bank of New York Mellon Trust Company, N.A., as Guarantee Trustee (incorporated herein by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K dated January 27, 2011). |
|           |   |        |   |
|           | 10.1   |        | Revolving Credit Note, dated as of March 24, 2011, by and between First Banks, Inc. and Investors of America Limited Partnership (incorporated herein by reference to Exhibit 10.12 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2010). |
|           |   |        |   |
|           | 10.2   |        | Stock Pledge Agreement, dated as of March 24, 2011, by and between First Banks, Inc. and Investors of America Limited Partnership (incorporated herein by reference to Exhibit 10.13 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2010). |
|           |   |        |   |
|           | 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 – furnished herewith. |
|           |   |        |   |
|           | 32.2   |        | Section 1350 Certifications of Chief Financial Officer – furnished herewith. |

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RES

|  Date:           May 13, 2011 |              |
|--------------------------------------------------------------------------------------|-------------------|
|                                                                                 | FIRST BANKS, INC. |
|                                                                                 |              |   |   |
|                                                                                 |              |   |   |
|                                                                                 | By:               | /s/ | Terrance M. McCarthy |
|                                                                                 |              |   | Terrance M. McCarthy |
|                                                                                 |              |   | President and Chief Executive Officer |
|                                                                                 |              |   | (Principal Executive Officer) |
|                                                                                 |              |   |   |
|                                                                                 | By:               | /s/ | Lisa K. Vansickle |
|                                                                                 |              |   | Lisa K. Vansickle |
|                                                                                 |              |   | Executive Vice President and Chief Financial Officer |
|                                                                                 |              |   | (Principal Financial and Accounting Officer) |

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