First Interstate Bank Mortgage Rates, Fees & Info

Billings, MT

LEI: 549300RFSMIRUODUVW59

Tax ID: 81-0192860

3.1 stars - out of 5 stars, based on 85 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    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

    7,288

    Origination Dollar Volume (All Markets)

    $2,232,090,000

    Employee count

    2,218 Show all (9) awards

    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%
    First Interstate Bank's top markets include Kalispell, Cheyenne, Bend, Missoula, and Bozeman among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Interstate Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Montana Federal Credit Union
    Similarity Rank: 48
    CLEARWATER Federal Credit Union
    Similarity Rank: 90
    American Bank Center
    Similarity Rank: 119
    Pinnacle Bank - Wyoming
    Similarity Rank: 208
    Jonah Bank of Wyoming
    Similarity Rank: 270
    Cashmere Valley Bank
    Similarity Rank: 304
    BEEHIVE
    Similarity Rank: 342
    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 360
    First Credit Union
    Similarity Rank: 378

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,387 $1,748,555,000 $398,576 $5,136 3.22%
    HELOC 2,455 $357,135,000 $145,473 n/a 4.09%
    VA 228 $77,770,000 $341,096 $7,813 2.59%
    FHA 151 $34,995,000 $231,755 $8,759 2.79%
    USDA 67 $13,635,000 $203,507 $5,830 2.71%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,560 $1,222,840,000 $477,672 $6,786 3.28%
    Refi 1,820 $454,770,000 $249,874 $3,968 3.33%
    Home Improvement 1,211 $183,025,000 $151,135 $3,777 4.07%
    Cash Out Refi 1,121 $298,415,000 $266,204 $4,688 3.23%
    Other 575 $72,595,000 $126,252 $3,521 4.09%
    NA 1 $445,000 $445,000 $5,950 3.25%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,983 $1,285,215,000 $257,920 $5,481 3.53%
    Other 793 $199,035,000 $250,990 $2,759 3.65%
    15 Year 710 $147,540,000 $207,803 $3,870 2.79%
    10 Year 332 $271,920,000 $819,036 $3,459 3.46%
    30+ year 179 $133,665,000 $746,732 $11,388 3.72%
    20 Year 151 $33,805,000 $223,874 $4,019 3.13%
    5 Year 96 $138,860,000 $1,446,458 $1,598 4.20%
    1 Year 31 $9,615,000 $310,161 $0 4.50%
    3 Year 13 $12,435,000 $956,538 $0 4.02%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 1,168 $348,790,000 $298,622
    $<1k 1,048 $294,940,000 $281,431
    $1k-2k 816 $150,590,000 $184,547
    $3k-4k 605 $194,035,000 $320,719
    $5k+ 362 $240,560,000 $664,530
    $4k-5k 302 $124,430,000 $412,020

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 3,438 $1,339,950,000 $389,747
    2.5-3% 1,809 $511,905,000 $282,977
    4-5% 1,420 $220,650,000 $155,387
    <2.5% 488 $151,520,000 $310,492
    5-6% 129 $7,895,000 $61,202
    6-7% 2 $50,000 $25,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,604 $722,100,000 $277,304 $5,092 3.25%
    $100k-200k 1,917 $278,245,000 $145,146 $3,591 3.42%
    $100,000 or less 1,567 $84,845,000 $54,145 $2,439 3.98%
    $400k-600k 770 $371,380,000 $482,312 $7,340 3.29%
    $600k-1MM 247 $187,135,000 $757,632 $9,542 3.59%
    $1MM+ 183 $588,385,000 $3,215,219 $14,420 3.61%

    2021 saw First Interstate Bank place emphasis on $200k-400k loans with 2,604 originations, totaling $722,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,534 $370,430,000 $241,480 $5,458 3.50%
    $50k-75k 1,339 $241,565,000 $180,407 $4,422 3.33%
    $75k-100k 1,206 $253,160,000 $209,917 $5,123 3.51%
    $150k-250k 1,041 $315,235,000 $302,819 $6,366 3.54%
    $50k or less 862 $117,240,000 $136,009 $3,832 3.33%
    $250k+ 794 $420,180,000 $529,194 $8,365 3.56%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,683 $406,705,000 $241,655 $5,041 3.42%
    30-36% 1,254 $307,110,000 $244,904 $5,220 3.41%
    <20% 858 $195,210,000 $227,517 $4,657 3.46%
    50-60% 411 $75,105,000 $182,737 $8,798 3.91%
    42% 242 $77,540,000 $320,413 $6,074 3.37%
    39% 233 $61,105,000 $262,253 $5,328 3.44%
    44% 222 $55,920,000 $251,892 $5,518 3.34%
    41% 221 $69,545,000 $314,683 $5,972 3.45%
    38% 219 $57,445,000 $262,306 $5,475 3.47%
    36% 206 $54,420,000 $264,175 $5,661 3.36%
    37% 205 $53,205,000 $259,537 $4,774 3.46%
    43% 203 $52,955,000 $260,862 $5,638 3.28%
    40% 198 $61,160,000 $308,889 $5,900 3.40%
    45% 161 $46,805,000 $290,714 $5,724 3.50%
    48% 157 $47,625,000 $303,344 $6,697 3.45%
    47% 153 $42,115,000 $275,261 $5,251 3.46%
    46% 153 $41,865,000 $273,627 $6,498 3.50%
    49% 141 $37,885,000 $268,688 $5,888 3.52%
    >60% 12 $3,490,000 $290,833 $8,473 3.60%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,996 $1,453,210,000 $242,363 $5,303 3.48%
    Not applicable 225 $453,165,000 $2,014,067 $0 4.04%
    Not provided 917 $292,645,000 $319,133 $5,575 3.32%
    Asian 69 $16,375,000 $237,319 $5,681 3.41%
    American Indian 56 $9,520,000 $170,000 $4,435 3.81%
    Black 16 $5,640,000 $352,500 $7,129 3.68%
    Native Hawaiian or Islander 5 $785,000 $157,000 $19,450 3.03%
    Chinese 2 $500,000 $250,000 $0 3.75%
    Filipino 1 $185,000 $185,000 $2,638 3.00%
    Korean 1 $65,000 $65,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    92.08%

    First Interstate Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.86%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,338 $233,960,000 $174,858 $3,923 3.67%
    40-60% 1,300 $464,180,000 $357,062 $4,794 3.28%
    60-80% 1,983 $957,405,000 $482,806 $5,705 3.36%
    80-100% 1,204 $456,030,000 $378,762 $5,945 3.11%
    Over 100% 56 $19,040,000 $340,000 $12,431 2.66%
    Under 20% 1,406 $101,450,000 $72,155 $2,781 4.00%

    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