First Interstate Bank Mortgage Rates, Fees & Info
Billings, MTLEI: 549300RFSMIRUODUVW59
Tax ID: 81-0192860
3.1 stars
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Review & Overview
First Interstate Bank is a small bank specializing in Home Purchase and Refi loans. First Interstate Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kalispell, Cheyenne, Bend, Missoula, and Bozeman among others. We have data for 105 markets. (Some data included below & more in-depth data is available with an active subscription.)First Interstate Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Interstate Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.90% | 12/4/22 |
| 30 Year Conventional Purchase | 6.84% | 12/4/22 |
| 30 Year Conventional Refi | 6.89% | 12/4/22 |
| 30 Year Cash-out Refi | 7.10% | 12/4/22 |
| 30 Year FHA Purchase | 7.50% | 12/4/22 |
| 30 Year FHA Refi | 7.57% | 12/4/22 |
| 30 Year VA Purchase | 6.42% | 12/4/22 |
| 30 Year VA Refi | 6.24% | 12/4/22 |
| 30 Year USDA Purchase | 6.84% | 12/4/22 |
| 30 Year USDA Refi | 7.02% | 12/4/22 |
| 15 Year Conventional Purchase | 6.41% | 12/4/22 |
| 15 Year Conventional Refi | 6.30% | 12/4/22 |
| 15 Year Cash-out Refi | 6.30% | 12/4/22 |
| 15 Year VA Purchase | 5.76% | 12/4/22 |
| 15 Year VA Refi | 6.65% | 12/4/22 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
7,288Origination Dollar Volume (All Markets)
$2,232,090,000Employee count
2,218Awards
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First Interstate Bank - 2021
First Interstate Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Interstate Bank's average 30 year fixed mortgage rate was
3.53%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.38%.
Relative Fees (Closing Costs)
First Interstate Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,481.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 895 | $220,725,000 | $246,620 | $5,013 | 3.47% |
| Outside of Metro Areas | 343 | $178,765,000 | $521,181 | $7,435 | 3.57% |
| Kalispell, MT (FHA|USDA|VA) | 351 | $157,445,000 | $448,561 | $5,571 | 3.59% |
| CHEYENNE, WY (FHA|USDA|VA) | 611 | $150,305,000 | $245,998 | $5,744 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 345 | $119,145,000 | $345,348 | $6,571 | 3.73% |
| MISSOULA, MT (FHA|USDA|VA) | 440 | $114,850,000 | $261,023 | $4,947 | 3.58% |
| Bozeman, MT (FHA|USDA|VA) | 364 | $108,540,000 | $298,187 | $5,519 | 3.54% |
| BILLINGS, MT (FHA|USDA|VA) | 465 | $103,805,000 | $223,237 | $5,143 | 3.48% |
| BOISE CITY, ID (FHA|USDA|VA) | 323 | $97,695,000 | $302,461 | $6,065 | 3.89% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 197 | $95,985,000 | $487,234 | $4,597 | 3.80% |
| CASPER, WY (FHA|USDA|VA) | 427 | $90,455,000 | $211,838 | $4,651 | 3.01% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 63 | $90,285,000 | $1,433,095 | $5,290 | 3.52% |
| Helena, MT (FHA|USDA|VA) | 337 | $82,685,000 | $245,356 | $5,624 | 3.36% |
| Jackson, WY-ID (FHA|USDA|VA) | 162 | $81,570,000 | $503,519 | $6,568 | 3.35% |
| Sheridan, WY (FHA|USDA|VA) | 291 | $65,585,000 | $225,378 | $3,673 | 3.10% |
| Spearfish, SD (FHA|USDA|VA) | 219 | $47,355,000 | $216,233 | $5,107 | 3.58% |
| RAPID CITY, SD (FHA|USDA|VA) | 203 | $37,815,000 | $186,281 | $4,505 | 3.63% |
| Riverton, WY (FHA|USDA|VA) | 167 | $29,135,000 | $174,461 | $3,921 | 3.43% |
| Laramie, WY (FHA|USDA|VA) | 123 | $27,345,000 | $222,317 | $4,461 | 3.41% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 21 | $26,485,000 | $1,261,190 | $9,720 | 3.67% |
| Gillette, WY (FHA|USDA|VA) | 145 | $25,895,000 | $178,586 | $3,776 | 3.11% |
| MEDFORD, OR (FHA|USDA|VA) | 123 | $24,365,000 | $198,089 | $4,975 | 3.90% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $23,980,000 | $11,990,000 | $3,390 | 2.89% |
| GREAT FALLS, MT (FHA|USDA|VA) | 105 | $21,205,000 | $201,952 | $4,728 | 3.47% |
| Sandpoint, ID (FHA|USDA|VA) | 37 | $18,955,000 | $512,297 | $7,830 | 3.57% |
| Ellensburg, WA (FHA|USDA|VA) | 15 | $14,595,000 | $973,000 | $7,662 | 3.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $14,415,000 | $2,059,286 | $26,458 | 3.66% |
| Prineville, OR (FHA|USDA|VA) | 30 | $13,400,000 | $446,667 | $7,362 | 3.72% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 30 | $8,060,000 | $268,667 | $5,768 | 3.58% |
| Hood River, OR (FHA|USDA|VA) | 10 | $7,540,000 | $754,000 | $6,124 | 4.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 48 | $7,490,000 | $156,042 | $4,132 | 4.18% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $7,265,000 | $382,368 | $5,634 | 3.33% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 21 | $6,135,000 | $292,143 | $5,076 | 3.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 14 | $5,960,000 | $425,714 | $7,353 | 3.27% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $5,755,000 | $5,755,000 | $0 | 3.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $5,385,000 | $1,077,000 | $16,457 | 3.75% |
| Ontario, OR-ID (FHA|USDA|VA) | 21 | $4,805,000 | $228,810 | $4,325 | 4.05% |
| SALEM, OR (FHA|USDA|VA) | 21 | $4,515,000 | $215,000 | $6,281 | 3.59% |
| Hailey, ID (FHA|USDA|VA) | 11 | $4,325,000 | $393,182 | $7,058 | 3.79% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 3.75% |
| Mountain Home, ID (FHA|USDA|VA) | 28 | $4,070,000 | $145,357 | $4,616 | 3.96% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $4,060,000 | $1,015,000 | $4,822 | 3.56% |
| Coos Bay, OR (FHA|USDA|VA) | 24 | $4,030,000 | $167,917 | $4,685 | 3.69% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 2 | $3,650,000 | $1,825,000 | $0 | 4.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 35 | $3,275,000 | $93,571 | $3,703 | 4.08% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $3,250,000 | $1,625,000 | $3,545 | 3.61% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $56,436 | 4.00% |
| Heber, UT (FHA|USDA|VA) | 3 | $2,885,000 | $961,667 | $15,625 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $2,805,000 | $935,000 | $13,994 | 3.29% |
| Newport, OR (FHA|USDA|VA) | 15 | $2,795,000 | $186,333 | $4,094 | 3.54% |
| Astoria, OR (FHA|USDA|VA) | 10 | $2,640,000 | $264,000 | $6,071 | 3.67% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,435,000 | $811,667 | $7,037 | 3.29% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,420,000 | $403,333 | $4,391 | 3.71% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $5,070 | 3.41% |
| Roseburg, OR (FHA|USDA|VA) | 17 | $1,925,000 | $113,235 | $4,583 | 3.96% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $5,061 | 3.54% |
| Rexburg, ID (FHA|USDA|VA) | 5 | $1,815,000 | $363,000 | $8,124 | 3.95% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $12,346 | 3.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $3,992 | 3.15% |
| Brookings, OR (FHA|USDA|VA) | 3 | $1,655,000 | $551,667 | $5,256 | 3.83% |
| The Dalles, OR (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $3,744 | 3.63% |
| Moses Lake, WA (FHA|USDA|VA) | 10 | $1,420,000 | $142,000 | $5,545 | 4.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $9,404 | 3.08% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $2,715 | 3.92% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $17,243 | 3.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $3,514 | 3.30% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $4,677 | 3.08% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $6,283 | 4.38% |
| Oak Harbor, WA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $2,543 | 3.83% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,478 | 3.22% |
| Moscow, ID (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $10,709 | 3.69% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $5,184 | 3.71% |
| CORVALLIS, OR (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $3,964 | 3.41% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,442 | 3.06% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,830 | 2.25% |
| Othello, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 4.63% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,994 | 3.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,887 | 3.88% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $2,754 | 3.90% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,789 | 2.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,904 | 2.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,762 | 3.25% |
| Yankton, SD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,166 | 3.44% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.19% |
| Centralia, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,949 | 4.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,086 | 3.50% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,343 | 3.13% |
| Evanston, WY (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,926 | 3.04% |
| Willmar, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,862 | 2.25% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,796 | 3.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,276 | 2.88% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.90% |
| Pierre, SD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,440 | 2.50% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,441 | 3.38% |
| Craig, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.38% |
| Pullman, WA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,721 | 3.56% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,961 | 3.25% |
| Sterling, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,141 | 3.13% |
| Dickinson, ND (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,237 | 3.88% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,316 | 3.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.13% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.25% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.95% |
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Product Mix
For 2021, First Interstate Bank's most frequently originated type of loan was Conventional, with 4,387 originations. Their 2nd most popular type was HELOC, with 2,455 originations.
Loan Reason
For 2021, First Interstate Bank's most frequently cited loan purpose was Home Purchase, with 2,560 originations. The 2nd most popular reason was Refi, with 1,820 originations.
Loan Duration/Length
For 2021, First Interstate Bank's most frequently cited loan duration was 30 Year, with 4,983 originations. The 2nd most popular length was Other, with 793 originations.
Origination Fees/Closing Costs
First Interstate Bank's average total fees were $5,481, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,168 originations.
Interest Rates
During 2021, First Interstate Bank's average interest rate for loans was 3.53%, while their most frequently originated rate bucket for loans was 3-4%, with 3,438 originations.
Loan Sizing
2021 saw First Interstate Bank place emphasis on $200k-400k loans with 2,604 originations, totaling $722,100,000 in origination value.
Applicant Income
First Interstate Bank lent most frequently to those with incomes in the $100k-150k range, with 1,534 originations. The second most popular income band? $50k-75k, with 1,339 originations.
Applicant Debt to Income Ratio
First Interstate Bank lent most frequently to those with DTI ratios of 20-30%, with 1,683 originations. The next most common DTI ratio? 30-36%, with 1,254 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.08%
First Interstate Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.86%
First Interstate Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 200.0 | 7 | $235,000 | $33,571 |
| NA | 7,281 | $2,231,855,000 | $306,531 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,288 | $2,232,090,000 | $306,269 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST INTERSTATE BANCSYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| FIRST INTERSTATE BANCSYSTEM, INC. | Other type of mortgage | Trouble during payment process | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Interstate Bank | 111 N Oak St Bingen, WA 98605 | Full Service B&M | $12,313 |
| First Interstate Bank | 268 Strand Union Building Bozeman, MT 59717 | Full Service B&M | $36,018 |
| First Interstate Bank | 1304 Nw 6th St Grants Pass, OR 97526 | Full Service B&M | $126,767 |
| First Interstate Bank | 1400 North Avenue Spearfish, SD 57783 | Full Service B&M | $131,350 |
| First Interstate Bank | 1400 Prospect Ave Helena, MT 59601 | Full Service Cyber Office | $0 |
| First Interstate Bank | 145 Glendale Dr Lead, SD 57754 | Full Service B&M | $24,595 |
| First Interstate Bank | 1501 N 1st St Hamilton, MT 59840 | Full Service B&M | $83,167 |
| First Interstate Bank | 15015 E Sprague Ave Spokane Valley, WA 99216 | Full Service B&M | $63,430 |
| First Interstate Bank | 152 Sherman Street Deadwood, SD 57732 | Full Service B&M | $63,469 |
| First Interstate Bank | 154 Sw 6th St Redmond, OR 97756 | Full Service B&M | $237,610 |
| First Interstate Bank | 1611 Virginia Ave North Bend, OR 97459 | Full Service B&M | $27,525 |
| First Interstate Bank | 1613 Coffeen Avenue Sheridan, WY 82801 | Full Service B&M | $119,359 |
| First Interstate Bank | 1700 Ne 3rd St Bend, OR 97701 | Full Service B&M | $169,539 |
| First Interstate Bank | 178 North 6th Street Reedsport, OR 97467 | Full Service B&M | $24,500 |
| First Interstate Bank | 1820 Caldwell Blvd Nampa, ID 83651 | Full Service B&M | $16,934 |
| First Interstate Bank | 1850 N. Whitley Drive Fruitland, ID 83619 | Full Service B&M | $40,517 |
| First Interstate Bank | 1931 Northwest Highway 101 Lincoln City, OR 97367 | Full Service B&M | $41,045 |
| First Interstate Bank | 2 Main Street Kalispell, MT 59901 | Full Service B&M | $209,402 |
| First Interstate Bank | 2 North First Street Rockford, WA 99030 | Full Service B&M | $16,792 |
| First Interstate Bank | 200 Sw Century Drive Bend, OR 97702 | Full Service B&M | $66,529 |
| First Interstate Bank | 202 West Main Street Bozeman, MT 59715 | Full Service B&M | $192,484 |
| First Interstate Bank | 2021 N Montana Ave Helena, MT 59601 | Full Service B&M | $123,290 |
| First Interstate Bank | 2023 Burke Street Bozeman, MT 59718 | Full Service B&M | $101,555 |
| First Interstate Bank | 207 South Second Street Livingston, MT 59047 | Full Service B&M | $199,760 |
| First Interstate Bank | 211 5th Street North Great Falls, MT 59401 | Full Service B&M | $50,998 |
| First Interstate Bank | 2110 N Ruby St Spokane, WA 99207 | Full Service B&M | $57,207 |
| First Interstate Bank | 213 E Main St Fairfield, WA 99012 | Full Service B&M | $38,979 |
| First Interstate Bank | 221 E Ivinson Ave Laramie, WY 82070 | Full Service B&M | $331,126 |
| First Interstate Bank | 3100 Crater Lake Highway Medford, OR 97504 | Full Service B&M | $71,707 |
| First Interstate Bank | 311 N 27th St Spearfish, SD 57783 | Full Service B&M | $23,919 |
| First Interstate Bank | 314 Duryea Street Raymond, WA 98577 | Full Service B&M | $38,140 |
| First Interstate Bank | 317 N 9th St Boise, ID 83702 | Full Service B&M | $135,518 |
| First Interstate Bank | 31845 North 5th Avenue Spirit Lake, ID 83869 | Full Service B&M | $33,931 |
| First Interstate Bank | 3199 Grand Avenue Billings, MT 59102 | Full Service B&M | $115,762 |
| First Interstate Bank | 323 East Main Street Riverton, WY 82501 | Full Service B&M | $317,391 |
| First Interstate Bank | 333 West Boulevard Rapid City, SD 57701 | Full Service B&M | $202,055 |
| First Interstate Bank | 3401 North Montana Avenue Helena, MT 59602 | Full Service B&M | $54,456 |
| First Interstate Bank | 3405 E Overland Rd Meridian, ID 83642 | Full Service B&M | $54,670 |
| First Interstate Bank | 343 South Chicago Street Hot Springs, SD 57747 | Full Service B&M | $74,106 |
| First Interstate Bank | 3502 Brooks Missoula, MT 59801 | Full Service B&M | $145,913 |
| First Interstate Bank | 351 East Main Street Hill City, SD 57745 | Full Service B&M | $51,102 |
| First Interstate Bank | 418 Main Street Wall, SD 57790 | Full Service B&M | $86,454 |
| First Interstate Bank | 421 South 7th Street Klamath Falls, OR 97601 | Full Service B&M | $49,802 |
| First Interstate Bank | 421 W Riverside Ave Spokane, WA 99201 | Full Service B&M | $188,962 |
| First Interstate Bank | 435 W Hanley Ave, Ste 100 Coeur D Alene, ID 83815 | Full Service B&M | $43,987 |
| First Interstate Bank | 4612 Rue Terre Cheyenne, WY 82009 | Full Service B&M | $63,982 |
| First Interstate Bank | 4900 Meadows Rd, Ste 140 Lake Oswego, OR 97035 | Full Service B&M | $32,686 |
| First Interstate Bank | 4901 East Second Street Casper, WY 82609 | Full Service B&M | $101,845 |
| First Interstate Bank | 491 N Main St Suite 101 Ketchum, ID 83340 | Full Service B&M | $25,590 |
| First Interstate Bank | 49573 Us Highway 93 Polson, MT 59860 | Full Service B&M | $168,310 |
| First Interstate Bank | 501 Second Avenue Edgemont, SD 57735 | Full Service B&M | $23,828 |
| First Interstate Bank | 502 Cheyenne Avenue Lame Deer, MT 59043 | Full Service B&M | $10,249 |
| First Interstate Bank | 504 E Sherman Ave Coeur D Alene, ID 83814 | Full Service B&M | $14,989 |
| First Interstate Bank | 508 Highway 93 North Eureka, MT 59917 | Full Service B&M | $39,503 |
| First Interstate Bank | 707 North Post Street Post Falls, ID 83854 | Full Service B&M | $87,042 |
| First Interstate Bank | 7265 Us Hwy 93 S Lakeside, MT 59922 | Full Service B&M | $27,676 |
| First Interstate Bank | 730 Main St Billings, MT 59105 | Full Service B&M | $243,223 |
| First Interstate Bank | 75 Main St Cathlamet, WA 98612 | Full Service B&M | $12,228 |
| First Interstate Bank | 780 Nw Garden Valley Boulevard Roseburg, OR 97471 | Full Service B&M | $47,988 |
| First Interstate Bank | 800 Grand Avenue Bigfork, MT 59911 | Full Service B&M | $99,180 |
| First Interstate Bank | 804 12th Avenue South Nampa, ID 83651 | Full Service B&M | $173,869 |
| First Interstate Bank | 8118 Highway 789 Lander, WY 82520 | Full Service B&M | $101,607 |
| First Interstate Bank | 8127 W Grandridge Blvd, Ste 120 Kennewick, WA 99336 | Full Service B&M | $22,105 |
| First Interstate Bank | 830 Shiloh Crossing Blvd Billings, MT 59102 | Full Service B&M | $71,908 |
| First Interstate Bank | 8351 W Overland Rd Boise, ID 83709 | Full Service B&M | $70,174 |
| First Interstate Bank | 840 E. Avalon Street Kuna, ID 83634 | Full Service B&M | $27,610 |
| First Interstate Bank | 842 West Broadway Jackson, WY 83001 | Full Service B&M | $425,275 |
| First Interstate Bank | 10 South Coast Highway Newport, OR 97365 | Full Service B&M | $37,285 |
| First Interstate Bank | 100 E Cottonwood Dr Kalispell, MT 59901 | Full Service B&M | $66,592 |
| First Interstate Bank | 100 Hutton Ranch Rd Kalispell, MT 59901 | Full Service B&M | $56,648 |
| First Interstate Bank | 1000 Biddle Rd Medford, OR 97504 | Full Service B&M | $105,627 |
| First Interstate Bank | 1008 Harlow Rd Springfield, OR 97477 | Full Service B&M | $40,389 |
| First Interstate Bank | 101 E Front St Missoula, MT 59802 | Full Service B&M | $661,728 |
| First Interstate Bank | 104 South Wolcott Street Casper, WY 82601 | Full Service B&M | $500,441 |
| First Interstate Bank | 1070 Northwest Bond Street Bend, OR 97703 | Full Service B&M | $1,630 |
| First Interstate Bank | 1100 Nw Wall Street Bend, OR 97701 | Full Service B&M | $403,416 |
| First Interstate Bank | 1100 W 6th St The Dalles, OR 97058 | Full Service B&M | $59,408 |
| First Interstate Bank | 1101 E. Winding Creek Drive Eagle, ID 83616 | Full Service B&M | $126,926 |
| First Interstate Bank | 1101 North Center Avenue Hardin, MT 59034 | Full Service B&M | $99,151 |
| First Interstate Bank | 222 S Gillette Ave Gillette, WY 82716 | Full Service B&M | $254,346 |
| First Interstate Bank | 222 West Main Street Medford, OR 97501 | Full Service B&M | $53,275 |
| First Interstate Bank | 2235 Ashland Street Ashland, OR 97520 | Full Service B&M | $48,620 |
| First Interstate Bank | 24 East Main Street Cut Bank, MT 59427 | Full Service B&M | $45,979 |
| First Interstate Bank | 25 East Lyndale Ave Helena, MT 59601 | Full Service B&M | $225,061 |
| First Interstate Bank | 250 South Washington Avenue Emmett, ID 83617 | Full Service B&M | $55,480 |
| First Interstate Bank | 2500 Cascade Avenue Hood River, OR 97031 | Full Service B&M | $81,459 |
| First Interstate Bank | 2500 N Reserve St Missoula, MT 59808 | Full Service B&M | $101,812 |
| First Interstate Bank | 2501 Central Ave Billings, MT 59102 | Full Service B&M | $180,727 |
| First Interstate Bank | 2601 10th Ave S Great Falls, MT 59405 | Full Service B&M | $396,658 |
| First Interstate Bank | 2630 Ne Highway 20 Bend, OR 97701 | Full Service B&M | $93,874 |
| First Interstate Bank | 2646 East Barnett Road Medford, OR 97504 | Limited, Drive-thru | $8,698 |
| First Interstate Bank | 265 Union Ave Grants Pass, OR 97527 | Full Service B&M | $74,167 |
| First Interstate Bank | 272 E Main Street Sisters, OR 97759 | Full Service B&M | $97,276 |
| First Interstate Bank | 2728 Colonial Drive Helena, MT 59601 | Full Service B&M | $24,570 |
| First Interstate Bank | 2800 W Main St Bozeman, MT 59718 | Full Service B&M | $227,498 |
| First Interstate Bank | 2801 S Douglas Hwy Gillette, WY 82718 | Full Service B&M | $99,509 |
| First Interstate Bank | 2850 Old Hardin Rd Billings, MT 59101 | Full Service B&M | $25,729 |
| First Interstate Bank | 2905 E 57th Ave Spokane, WA 99223 | Full Service B&M | $53,844 |
| First Interstate Bank | 3 South Woodard Ave Absarokee, MT 59001 | Full Service B&M | $37,796 |
| First Interstate Bank | 30 E Broadway Ave Meridian, ID 83642 | Full Service B&M | $138,604 |
| First Interstate Bank | 30 West Prairie Avenue Coeur D Alene, ID 83815 | Full Service B&M | $88,235 |
| First Interstate Bank | 300 S Holladay Drive Seaside, OR 97138 | Full Service B&M | $33,948 |
| First Interstate Bank | 300 Southwest Wyoming Boulevard Mills, WY 82644 | Full Service B&M | $130,469 |
| First Interstate Bank | 302 North 31st Street Billings, MT 59101 | Limited, Drive-thru | $0 |
| First Interstate Bank | 306 Spokane Avenue Whitefish, MT 59937 | Full Service B&M | $258,876 |
| First Interstate Bank | 36 North 9th Street Columbus, MT 59019 | Full Service B&M | $23,377 |
| First Interstate Bank | 3630 N Eagle Rd Boise, ID 83713 | Full Service B&M | $34,671 |
| First Interstate Bank | 4 South Main Street Sheridan, WY 82801 | Full Service B&M | $402,514 |
| First Interstate Bank | 40 East Hart Street Buffalo, WY 82834 | Full Service B&M | $96,887 |
| First Interstate Bank | 400 N 3rd E St Mountain Home, ID 83647 | Full Service B&M | $62,338 |
| First Interstate Bank | 401 N 31st St Billings, MT 59101 | Full Service Cyber Office | $65,198 |
| First Interstate Bank | 401 North 31st Street Billings, MT 59101 | Full Service B&M | $826,143 |
| First Interstate Bank | 401 Se 4th Street Laurel, MT 59044 | Full Service B&M | $21,658 |
| First Interstate Bank | 401 West 19th Street Cheyenne, WY 82001 | Full Service B&M | $202,125 |
| First Interstate Bank | 402 S Main St Colfax, WA 99111 | Full Service B&M | $21,847 |
| First Interstate Bank | 404 S A Ave New Underwood, SD 57761 | Full Service B&M | $32,599 |
| First Interstate Bank | 41 Fifth Avenue Belle Fourche, SD 57717 | Full Service B&M | $99,336 |
| First Interstate Bank | 4128 Adams Street Garden City, ID 83714 | Full Service B&M | $60,671 |
| First Interstate Bank | 518 W Francis Ave Spokane, WA 99205 | Full Service B&M | $114,705 |
| First Interstate Bank | 520 Hawthorne Avenue Se Salem, OR 97301 | Full Service B&M | $77,756 |
| First Interstate Bank | 523 S Whitman Ave Rosalia, WA 99170 | Full Service B&M | $15,138 |
| First Interstate Bank | 555 Northwest 3rd St Prineville, OR 97754 | Full Service B&M | $101,299 |
| First Interstate Bank | 57150 Beaver Drive Bend, OR 97707 | Full Service B&M | $95,943 |
| First Interstate Bank | 600 Union Street, Suite 1528 Seattle, WA 98101 | Full Service B&M | $24,878 |
| First Interstate Bank | 602 North Broadway Red Lodge, MT 59068 | Full Service B&M | $103,151 |
| First Interstate Bank | 61250 S Highway 97 Bend, OR 97702 | Full Service B&M | $59,889 |
| First Interstate Bank | 620 North Montesano Street Westport, WA 98595 | Full Service B&M | $30,470 |
| First Interstate Bank | 620 S Kimball Ave Caldwell, ID 83605 | Full Service B&M | $114,189 |
| First Interstate Bank | 6210 Main Street Colstrip, MT 59323 | Full Service B&M | $38,945 |
| First Interstate Bank | 648 Mount Rushmore Rd Custer, SD 57730 | Full Service B&M | $99,587 |
| First Interstate Bank | 66 Basin Street Sw Ephrata, WA 98823 | Full Service B&M | $13,873 |
| First Interstate Bank | 847 N. Creek Dr. Rapid City, SD 57703 | Full Service B&M | $86,071 |
| First Interstate Bank | 888 Sw 5th Ave, Ste 1000 Portland, OR 97204 | Full Service B&M | $149,082 |
| First Interstate Bank | 899 Pearl St Eugene, OR 97401 | Full Service B&M | $79,439 |
| First Interstate Bank | 90 South Star Road Star, ID 83669 | Full Service B&M | $39,798 |
| First Interstate Bank | 903 Scott St W Gardiner, MT 59030 | Full Service B&M | $46,890 |
| First Interstate Bank | 98 N Broadway Belgrade, MT 59714 | Full Service B&M | $96,119 |
| First Interstate Bank | 1110 Oregon Avenue Southeast Bandon, OR 97411 | Full Service B&M | $23,017 |
| First Interstate Bank | 1115 Main Street Miles City, MT 59301 | Full Service B&M | $158,941 |
| First Interstate Bank | 112 East Montana Street Kalispell, MT 59901 | Limited, Drive-thru | $0 |
| First Interstate Bank | 1150 Sw Hwy 97 Madras, OR 97741 | Full Service B&M | $16,902 |
| First Interstate Bank | 118 Williams Street Ennis, MT 59729 | Full Service B&M | $40,510 |
| First Interstate Bank | 11917 W Sunset Hwy Airway Heights, WA 99001 | Full Service B&M | $36,371 |
| First Interstate Bank | 12 3rd St Nw Great Falls, MT 59404 | Full Service B&M | $208,297 |
| First Interstate Bank | 120 E Broadway Ave Jackson, WY 83001 | Full Service B&M | $33,213 |
| First Interstate Bank | 1200 Main Street Sturgis, SD 57785 | Full Service B&M | $217,067 |
| First Interstate Bank | 1260 W Riverstone Dr, 3rd Floor Coeur D Alene, ID 83814 | Full Service B&M | $143,044 |
| First Interstate Bank | 1290 W Myrtle St Boise, ID 83702 | Full Service B&M | $148,360 |
| First Interstate Bank | 130 W 1st St Spangle, WA 99031 | Full Service B&M | $22,756 |
For 2021, First Interstate Bank had 149 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $506,400 |
| Net interest income | $497,345 |
| Total noninterest income | $148,669 |
| Gross Fiduciary activities income | $20,829 |
| Service charges on deposit accounts | $19,005 |
| Trading account gains and fees | $2,781 |
| Additional Noninterest Income | $106,054 |
| Pre-tax net operating income | $279,147 |
| Securities gains (or losses, -) | $1,142 |
| Income before extraordinary items | $217,007 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $217,007 |
| Minority interest net income | $0 |
| Net income | $217,007 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $216,104 |
First Interstate Bank's gross interest income from loans was $506,400,000.
First Interstate Bank's net interest income from loans was $497,345,000.
First Interstate Bank's fee based income from loans was $19,005,000.
First Interstate Bank's net income from loans was $217,007,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,055 |
| Provision for credit losses | $-14,553 |
| Total noninterest expense | $381,420 |
| Salaries and employee benefits | $185,201 |
| Premises and equipment expense | $52,456 |
| Additional noninterest expense | $143,763 |
| Applicable income taxes | $63,282 |
| Net charge-offs | $7,331 |
| Cash dividends | $160,000 |
First Interstate Bank's interest expense for loans was $9,055,000.
First Interstate Bank's payroll and benefits expense were $185,201,000.
First Interstate Bank's property, plant and equipment expenses $52,456,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.7% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $16,270,279 |
| Deposits held in domestic offices | $16,270,279 |
| Deposits by Individuals, partnerships, and corporations | $15,247,505 |
| Deposits by U.S. Government | $123,029 |
| Deposits by States and political subdivisions in the U.S. | $869,902 |
| Deposits by Commercial banks and other depository institutions in U.S. | $29,843 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,639,479 |
| Demand deposits | $2,272,076 |
| Nontransaction accounts | $13,630,800 |
| Money market deposit accounts (MMDAs) | $6,515,959 |
| Other savings deposits (excluding MMDAs) | $6,213,244 |
| Total time deposits | $901,598 |
| Total time and savings deposits | $13,998,203 |
| Noninterest-bearing deposits | $5,568,279 |
| Interest-bearing deposits | $10,702,000 |
| Retail deposits | $16,091,206 |
| IRAs and Keogh plan accounts | $177,303 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $19,608,230 |
| Cash & Balances due from depository institutions | $2,344,680 |
| Interest-bearing balances | $2,179,582 |
| Total securities | $6,508,641 |
| Federal funds sold & reverse repurchase | $52 |
| Net loans and leases | $9,239,479 |
| Loan and leases loss allowance | $122,231 |
| Trading account assets | $22,222 |
| Bank premises and fixed assets | $294,173 |
| Other real estate owned | $2,024 |
| Goodwill and other intangibles | $689,734 |
| All other assets | $507,225 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $19,608,230 |
| Total Liabilities | $17,651,574 |
| Total deposits | $16,270,279 |
| Interest-bearing deposits | $10,702,000 |
| Deposits held in domestic offices | $16,270,279 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $1,231,431 |
| Trading liabilities | $18,510 |
| Other borrowed funds | $13,700 |
| Subordinated debt | $0 |
| All other liabilities | $117,654 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $9,239,479 |
| Loan and leases loss allowance | $122,231 |
| Total loans and leases (domestic) | $9,361,710 |
| All real estate loans | $6,986,711 |
| Real estate loans in domestic offices | $6,986,711 |
| Construction and development loans | $1,007,806 |
| Residential 1-4 family construction | $262,022 |
| Other construction, all land development and other land | $745,784 |
| Loans secured by nonfarm nonresidential properties | $3,507,206 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,603,681 |
| Commercial real estate & other non-farm, non-residential | $1,903,525 |
| Multifamily residential real estate | $420,080 |
| 1-4 family residential loans | $1,837,761 |
| Farmland loans | $213,858 |
| Loans held in foreign offices | $0 |
| Farm loans | $203,898 |
| Commercial and industrial loans | $1,128,065 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $930,080 |
| Credit card loans | $64,908 |
| Related Plans | $20,045 |
| Consumer Auto Loans | $436,306 |
| Other loans to individuals | $408,821 |
| All other loans & leases | $125,251 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $19,081 |
| Loans to depository institutions and acceptances of other banks | $591 |
| Loans not secured by real estate | $1,358 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,233 |
| Non 1-4 family restructured loans & leases | $1,644 |
| Total loans and leases (foreign) | $0 |
First Interstate Bank had $9,239,479,000 of loans outstanding in 2021. $6,986,711,000 of loans were in real estate loans. $1,007,806,000 of loans were in development loans. $420,080,000 of loans were in multifamily mortgage loans. $1,837,761,000 of loans were in 1-4 family mortgage loans. $203,898,000 of loans were in farm loans. $64,908,000 of loans were in credit card loans. $436,306,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 4,091 | $891,180 | $217,839 |
| Nonfarm, nonresidential loans - <$100k | 1,206 | $34,931 | $28,964 |
| Nonfarm, nonresidential loans - $100-250k | 1,117 | $150,755 | $134,964 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,768 | $705,494 | $399,035 |
| Commercial & Industrial, US addressed loans - <$1MM | 17,841 | $472,861 | $26,504 |
| Commercial & Industrial, US addressed loans - <$100k | 15,039 | $154,052 | $10,244 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,704 | $99,781 | $58,557 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,098 | $219,028 | $199,479 |
| Farmland loans - <$1MM | 602 | $76,986 | $127,884 |
| Farmland loans - <$100k | 136 | $5,564 | $40,912 |
| Farmland loans - $100-250k | 272 | $28,707 | $105,540 |
| Farmland loans - $250k-1MM | 194 | $42,715 | $220,180 |
| Agriculture operations loans - <$1MM | 2,289 | $91,530 | $39,987 |
| Agriculture operations loans - <$100k | 1,790 | $33,286 | $18,596 |
| Agriculture operations loans - $100-250k | 364 | $32,172 | $88,385 |
| Agriculture operations loans - $250k-1MM | 135 | $26,072 | $193,126 |
