First Interstate Bank in Billings, Montana (MT), SD, WY
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Interstate Bank in Billings, Montana (MT), SD, WY
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First Interstate Bank - Overview

  • General
  • FDIC Certificate #: 1105
    Status: Active
    Federal Reserve ID: 659855
    Bank Holding Company (Regulatory Top Holder): First Interstate Bancsystem, Inc. (RSSDID: 1123670, Location: Billings, MT)
    Date Established: October 09, 1916
    WWW: http://www.firstinterstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 76 (Domestic: 76, Interstate: Yes)
    OTS Docket #: 11071
    FDIC's unique #: 748
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 26, 2009
    Last Structure Change Process Date: October 09, 2009
    Last Data Update: October 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 North 31st Street, Billings, MT 59101
    County: Yellowstone
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Billings, MT (#880)
    Core Based Statistical Area (CBSA): Billings, MT (#13740)
    CBSA Metro Statistical Area: Billings, MT (#13740)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $7,294.7 mil
    Equity capital: $775.0 mil
    Deposits held in domestic offices: $5,827.2 mil
    Return on assets (ROA): 0.76% ($55.4 mil)
    Quarterly return on assets: 0.90% ($65.7 mil)
    Return on Equity (ROE): 7.31% ($56.7 mil)
    Quarterly return on equity: 8.52% ($66.0 mil)
    Net income: $55.4 mil
    Quarterly Net income: $16.5 mil
    Pretax return on assets: 1.14% ($83,160.1 mil)
    Quarterly Pretax return on assets: 1.38% ($100,667.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 1,571Total employees (full-time equivalent)
  • $7,294,743Total assets
  • $472,132Cash and due from depository institutions
  • $339,007Interest-bearing balances
  • $2,170,130Securities
  • $309Federal funds sold & reverse repurchase agreements
  • $4,071,103Net loans & leases
  • $112,581Loan loss allowance
  • $0Trading account assets
  • $179,470Bank premises and fixed assets
  • $37,452Other real estate owned
  • $201,298Goodwill and other intangibles
  • $7,294,743Life insurance assets
  • $162,849All other assets
  • $6,519,717Total liabilities and capital
  • $5,827,225Total liabilities
  • $4,555,414Total deposits
  • $5,827,225Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 647945.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,240Trading liabilities
  • $15,000Other borrowed funds
  • $27,307Subordinated debt
  • $775,026All other liabilities
  • $775,026Total equity capital
  • $775,026Total bank equity capital
  • $0Perpetual preferred stock
  • $50,000Common stock
  • $395,223Surplus
  • $329,803Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $53,521Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $204,483Income earned, not collected on loans
  • $161Earning assets
  • $31,974Long-term assets (5+ years)
  • $6,580,549Average Assets, year-to-date
  • $697,578Average Assets, quarterly
  • $7,323,661Volatile liabilities
  • $7,286,183Insider loans
  • $4,812,338FHLB advances
  • $7,133,957Loans and leases held for sale
  • $66,537Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $588,059Tier 2 risk-based capital
  • $66,537Total risk weighted assets
  • $0Total unused commitments
  • $1,049,796Restructured Loans and leases
  • $46,195Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $293,939Total interest income
  • $34,876Total interest expense
  • $259,063Net interest income
  • $58,151Provision for loan and lease losses
  • $78,221Total noninterest income
  • $10,886Fiduciary activities
  • $20,140Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47,195Additional noninterest income
  • $197,098Total noninterest expense
  • $97,387Salaries and employee benefits
  • $27,432Premises and equipment expense
  • $72,279Additional noninterest expense
  • $82,035Pre-tax net operating income
  • $1,544Securities gains (losses)
  • $28,133Applicable income taxes
  • $55,446Income before extraordinary items
  • $0Extraordinary gains - net
  • $55,446Net income attributable to bank
  • $0Net charge-offs
  • $55,446Cash dividends
  • $66,050Sale, conversion, retirement of capital stock, net
  • $30,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 7.31%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 88.04%Credit loss provision to net charge-offs
  • 2.12%Efficiency ratio
  • 58,008Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.11%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 55.06%Noncurrent assets plus other real estate owned to assets
  • 3.32%Noncurrent loans to loans
  • 4.89%Net loans and leases to deposits
  • 69.86%Net loans and leases to core deposits
  • 75.06%Equity capital to assets
  • 10.62%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 12.22%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $7,323,661Average earning assets
  • $758,589Average equity
  • $6,615,712Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,839,747Managed Assets
  • 1Number of Accounts
  • $1,421,973Personal trust and agency accounts
  • $639,936Employee benefit-defined contribution accounts
  • $40,743Employee benefit-defined benefit accounts
  • $3,872Other retirement accounts
  • $101,294Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $508,478Other fiduciary accounts
  • $127,650Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1845Number of Accounts
  • $0Personal trust and agency accounts
  • $99,481Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $417,774Other retirement accounts
  • $9,100Corporate trust and agency accounts
  • $398,710Other fiduciary accounts
  • $490Fiduciary accounts held in foreign offices

List of branches

  • 38 Montana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0748First Interstate Bank401 North 31st Street, Billings, MT 59101October 09, 1916Full Service Brick and Mortar
    1187910Billings Drive-Up Branch302 North 31st Street, Billings, MT 59102August 01, 1974Limited Service Facility
    216118Billings Heights Branch730 Main Street, Billings, MT 59107January 04, 1980Full Service Brick and Mortar
    315615Billings West Branch2501 Central Avenue, Billings, MT 59107Febuary 14, 1977Full Service Brick and Mortar
    415276Colstrip Branch6210 Main Street, Colstrip, MT 59323May 15, 1975Full Service Brick and Mortar
    510425Hardin Branch402 North Center Avenue, Hardin, MT 59034January 01, 1945Full Service Brick and Mortar
    6237633Hardin Drive-Up Branch4th Street And Cody Avenue, Hardin, MT 59034January 30, 1974Limited Service Facility
    715016Miles City Branch1115 Main Street, Miles City, MT 59301July 15, 1974Full Service Brick and Mortar
    81454Missoula Downtown Branch101 East Front Street, Missoula, MT 59801April 13, 1873Full Service Brick and Mortar
    9192034Missoula Drive-Up Branch301 East Front Street, Missoula, MT 59801September 01, 1976Limited Service Facility
    1047947Missoula South Branch3502 Brooks, Missoula, MT 59801November 30, 1992Full Service Brick and Mortar
    11187911Billings Grand Branch3199 Grand Avenue, Billings, MT 59102January 04, 1995Full Service Brick and Mortar
    12187912Missoula North Branch2500 North Reserve, Missoula, MT 59802January 23, 1995Full Service Brick and Mortar
    1316387Bozeman West Branch2800 West Main, Bozeman, MT 59715April 01, 1981Full Service Brick and Mortar
    141452Livingston Branch207 West Callendar, Livingston, MT 59047January 01, 1883Full Service Brick and Mortar
    15192033Gardiner BranchU.S. Route 89 North, Gardiner, MT 59030January 14, 1991Full Service Brick and Mortar
    161449Kalispell Branch2 Main Street, Kalispell, MT 59901April 15, 1891Full Service Brick and Mortar
    17192031Kalispell Drive-Up Branch112 East Montana Street, Kalispell, MT 59901May 16, 1977Limited Service Facility
    19752Great Falls 10th Ave Branch2601 10th Ave South, Great Falls, MT 59404August 28, 1933Full Service Brick and Mortar
    2013092Whitefish Branch306 Spokane Avenue, Whitefish, MT 59937November 09, 1964Full Service Brick and Mortar
    21187913Eureka Branch508 Highway 93 North, Eureka, MT 59917September 11, 1997Full Service Brick and Mortar
    2257019Hamilton Branch1501 N First, Hamilton, MT 59840December 10, 1996Full Service Brick and Mortar
    23187914Bozeman Msu Branch228 Strand Union Building, Bozeman, MT 59717August 04, 1997Full Service Brick and Mortar
    25187916Great Falls Market Place Drive Up Br1401 Market Place Drive, Great Falls, MT 59404June 29, 1998Limited Service Facility
    26187917Evergreen Branch100 East Cottonwood Drive, Kalispell, MT 59903June 21, 1997Full Service Brick and Mortar
    27187918Great Falls Downtown Branch211 5th Street North, Great Falls, MT 59401June 21, 1997Full Service Brick and Mortar
    29181573Belgrade Branch7001 Jackrabbit Ln, Belgrade, MT 59714Febuary 18, 1998Full Service Brick and Mortar
    30286Polson BranchMain Street, Polson, MT 59860May 31, 1910Full Service Brick and Mortar
    33358100Lame Deer Branch502 Cheyenne Avneue, Lame Deer, MT 59043October 13, 1999Full Service Brick and Mortar
    34358101Missoula Albertsons Branch3800 South Russell, Missoula, MT 59801October 13, 1999Full Service Retail
    36359352Helena Branch3401 North Montana Avenue, Helena, MT 59602October 03, 2000Full Service Brick and Mortar
    37359496Bozeman Gallatin Center Branch2023 Burke Street, Bozeman, MT 59718December 26, 2000Full Service Brick and Mortar
    651457Red Lodge Branch602 North Broadway, Red Lodge, MT 59068September 10, 1910Full Service Brick and Mortar
    68433226Bozeman Main Branch202 West Main Street, Bozeman, MT 59715October 27, 2004Full Service Brick and Mortar
    69465855Kalispell North Branch100 Hutton Ranch Rd, Kalispell, MT 59901June 28, 2007Full Service Brick and Mortar
    70480445Bigfork Branch8111 Montana Hwy 35, Bigfork, MT 59911January 16, 2008Full Service Brick and Mortar
    71493587Helena Capital Branch1600 11th Ave #121, Helena, MT 59601Febuary 23, 2009Full Service Retail
    91521588Www.Firstinterstatebank.com Branch401 North 31st St, Billings, MT 59101January 01, 2010Full Service Cyber
  • 19 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    72353Wall Branch418 Main Street, Wall, SD 57790January 01, 1908Full Service Brick and Mortar
    73181719New Underwood Branch404 S A Ave, New Underwood, SD 57761January 02, 1941Full Service Brick and Mortar
    74189985Hot Springs Branch343 South Chicago Street, Hot Springs, SD 57747June 01, 1985Full Service Brick and Mortar
    758026Edgemont Branch501 Second Avenue, Edgemont, SD 57735January 01, 1890Full Service Brick and Mortar
    76424605Hot Springs Drive Up Branch509 6th Street, Hot Springs, SD 57747Febuary 01, 1991Limited Service Facility
    7714608Rapid City Gateway Branch333 West Boulevard, Rapid City, SD 57701June 25, 1973Full Service Brick and Mortar
    78252283Rapid City Drive Up Branch650 Flormann Street, Rapid City, SD 57701May 16, 1977Limited Service Facility
    79363971Rapid City East Branch711 N Creek Dr, Rapid City, SD 57703May 17, 2002Full Service Brick and Mortar
    801108Custer Main Branch648 Mt. Rushmore Road, Custer, SD 57730January 01, 1906Full Service Brick and Mortar
    81238017Hill City Branch351 East Main Street, Hill City, SD 57745October 17, 1952Full Service Brick and Mortar
    82189986Custer Drive Up Branch40 North Fifth Street, Custer, SD 57730December 07, 1998Limited Service Facility
    8335918Sturgis Branch1200 Main Street, Sturgis, SD 57785September 05, 1986Full Service Brick and Mortar
    8416052Belle Fourche Branch41 Fifth Avenue, Belle Fourche, SD 57717September 04, 1979Full Service Brick and Mortar
    8517035Spearfish Main Branch1400 North Avenue, Spearfish, SD 57783June 07, 1983Full Service Brick and Mortar
    86260139Deadwood Branch696 Main Street, Deadwood, SD 57732November 23, 1990Full Service Brick and Mortar
    87260140Deadwood Drive Up Branch152 Sherman Street, Deadwood, SD 57732September 06, 1994Limited Service Facility
    88365220Piedmont Branch8071 Stagestop Road, Summerset, SD 57718May 01, 2002Full Service Brick and Mortar
    89446038Spearfish Lookout Mtn Branch311 North 27th Street, Spearfish, SD 57783November 15, 2005Full Service Brick and Mortar
    90510424Lead Branch145 Glendale Dr Suite 4, Lead, SD 57754July 02, 2009Full Service Brick and Mortar
  • 19 Wyoming Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    42375Sheridan Downtown Branch4 South Main Street, Sheridan, WY 82801May 16, 1893Full Service Brick and Mortar
    4315983Buffalo Branch40 East Hart Street, Buffalo, WY 82834May 31, 1979Full Service Brick and Mortar
    4416421Gillette South Branch2201 South Douglas Highway, Gillette, WY 82716June 08, 1981Full Service Brick and Mortar
    455552Gillette Downtown Branch222 Gillette Avenue, Gillette, WY 82716January 07, 1907Full Service Brick and Mortar
    4715110Sheridan Sugarland Branch1613 Coffeen Avenue, Sheridan, WY 82801November 06, 1974Full Service Brick and Mortar
    481465Casper Downtown Branch104 South Wolcott Street, Casper, WY 82601June 10, 1889Full Service Brick and Mortar
    491474Laramie Branch221 Ivinson Street, Laramie, WY 82070May 17, 1873Full Service Brick and Mortar
    508903Riverton Branch323 East Main Street, Riverton, WY 82501April 12, 1934Full Service Brick and Mortar
    51181747Casper East Branch521 Southeast Wyoming Boulevard, Casper, WY 82609November 10, 1997Full Service Brick and Mortar
    53181749Casper Albertson's Branch1076 Cy Avenue, Casper, WY 82604November 01, 1998Full Service Retail
    54181750Laramie West Branch1771 Snowy Range Road, Laramie, WY 82070April 01, 1999Full Service Brick and Mortar
    55357906Jackson Albertsons Branch105 Buffalo Way, Jackson Hole, WY 83002January 18, 2000Full Service Retail
    5615724Cheyenne Main Branch401 West 19th Street, Cheyenne, WY 82001November 07, 1977Full Service Brick and Mortar
    57254870Casper Mills Branch300 Southwest Wyoming Boulevard, Mills, WY 82644June 01, 1998Full Service Brick and Mortar
    59359523Jackson Main Branch842 West Broadway, Jackson, WY 83001March 12, 2001Full Service Brick and Mortar
    61361860Lander Main Branch8118 Highway 79, Lander, WY 82520August 06, 2001Full Service Brick and Mortar
    63364687Cheyenne Dell Range Branch4612 Rue Terre, Cheyenne, WY 82009April 16, 2002Full Service Brick and Mortar
    66419663Laramie Uw BranchStudent Union Building Po Box 1307, Laramie, WY 82073November 25, 2002Full Service Brick and Mortar
    67419664Jackson Downtown Branch120 East Broadway Po Box 11095, Jackson, WY 83002April 07, 2003Full Service Brick and Mortar

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