First Interstate Bank Mortgage Rates, Fees & Info
Billings, MTLEI: 549300RFSMIRUODUVW59
Tax ID: 81-0192860
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Mortgage Data
Bank Data
Review & Overview
First Interstate Bank is a small bank specializing in Home Purchase 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: Bend, Cheyenne, Billings, Helena, and Casper among others. We have data for 102 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) | 6.27% | 12/2/24 |
| 30 Year Conventional Purchase | 6.42% | 12/2/24 |
| 30 Year Conventional Refi | 6.60% | 12/2/24 |
| 30 Year Cash-out Refi | 6.84% | 12/2/24 |
| 30 Year FHA Purchase | 7.06% | 12/2/24 |
| 30 Year FHA Refi | 6.73% | 12/2/24 |
| 30 Year VA Purchase | 6.18% | 12/2/24 |
| 30 Year VA Refi | 5.82% | 12/2/24 |
| 30 Year USDA Purchase | 6.43% | 12/2/24 |
| 15 Year Conventional Purchase | 6.33% | 12/2/24 |
| 15 Year Conventional Refi | 6.36% | 12/2/24 |
| 15 Year Cash-out Refi | 6.36% | 12/2/24 |
| 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. | ||
First Interstate Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,695Origination Dollar Volume (All Markets)
$1,590,375,000Employee count
2,319Awards
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First Interstate Bank - 2019
First Interstate Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 | 818 | $158,070,000 | $193,240 | $4,530 | 4.64% |
| BEND, OR (FHA|USDA|VA) | 417 | $139,385,000 | $334,257 | $4,940 | 4.80% |
| CHEYENNE, WY (FHA|USDA|VA) | 564 | $123,020,000 | $218,121 | $5,263 | 4.30% |
| BILLINGS, MT (FHA|USDA|VA) | 593 | $115,305,000 | $194,444 | $5,010 | 4.41% |
| Helena, MT (FHA|USDA|VA) | 318 | $90,190,000 | $283,616 | $5,344 | 4.21% |
| CASPER, WY (FHA|USDA|VA) | 461 | $85,715,000 | $185,933 | $5,046 | 4.32% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 126 | $82,400,000 | $653,968 | $3,890 | 4.77% |
| Bozeman, MT (FHA|USDA|VA) | 288 | $78,440,000 | $272,361 | $5,355 | 4.35% |
| MISSOULA, MT (FHA|USDA|VA) | 347 | $73,365,000 | $211,427 | $4,609 | 4.62% |
| Sheridan, WY (FHA|USDA|VA) | 330 | $71,340,000 | $216,182 | $4,226 | 4.30% |
| Kalispell, MT (FHA|USDA|VA) | 311 | $71,315,000 | $229,309 | $4,182 | 4.63% |
| Outside of Metro Areas | 257 | $69,925,000 | $272,082 | $4,646 | 4.46% |
| Jackson, WY-ID (FHA|USDA|VA) | 142 | $65,840,000 | $463,662 | $6,191 | 4.55% |
| BOISE CITY, ID (FHA|USDA|VA) | 345 | $59,175,000 | $171,522 | $4,535 | 4.98% |
| Laramie, WY (FHA|USDA|VA) | 149 | $28,655,000 | $192,315 | $4,425 | 4.51% |
| Spearfish, SD (FHA|USDA|VA) | 153 | $27,655,000 | $180,752 | $4,542 | 4.54% |
| RAPID CITY, SD (FHA|USDA|VA) | 166 | $25,520,000 | $153,735 | $4,146 | 4.76% |
| Riverton, WY (FHA|USDA|VA) | 149 | $22,865,000 | $153,456 | $4,267 | 4.56% |
| GREAT FALLS, MT (FHA|USDA|VA) | 118 | $20,290,000 | $171,949 | $4,161 | 4.54% |
| Gillette, WY (FHA|USDA|VA) | 103 | $19,665,000 | $190,922 | $4,552 | 4.06% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $15,955,000 | $1,450,455 | $4,960 | 4.60% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 37 | $14,765,000 | $399,054 | $4,523 | 4.66% |
| Prineville, OR (FHA|USDA|VA) | 41 | $12,925,000 | $315,244 | $5,052 | 4.65% |
| MEDFORD, OR (FHA|USDA|VA) | 67 | $10,655,000 | $159,030 | $4,789 | 5.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $7,175,000 | $1,435,000 | $9,097 | 4.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 6 | $7,140,000 | $1,190,000 | $8,916 | 4.52% |
| SALEM, OR (FHA|USDA|VA) | 39 | $6,955,000 | $178,333 | $5,006 | 5.60% |
| GRANTS PASS, OR (FHA|USDA|VA) | 32 | $6,120,000 | $191,250 | $5,319 | 4.86% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $5,100,000 | $425,000 | $6,451 | 4.49% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 17 | $4,535,000 | $266,765 | $5,303 | 4.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 15 | $4,485,000 | $299,000 | $4,663 | 4.32% |
| Sandpoint, ID (FHA|USDA|VA) | 16 | $4,250,000 | $265,625 | $3,986 | 4.28% |
| Ellensburg, WA (FHA|USDA|VA) | 5 | $3,995,000 | $799,000 | $6,936 | 4.45% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $3,105,000 | $3,105,000 | $0 | 4.25% |
| Mountain Home, ID (FHA|USDA|VA) | 26 | $3,100,000 | $119,231 | $3,970 | 5.48% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $6,296 | 4.39% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $7,390 | 4.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $2,230,000 | $1,115,000 | $7,834 | 4.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 17 | $2,195,000 | $129,118 | $4,344 | 5.21% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $2,050,000 | $512,500 | $4,044 | 4.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $6,522 | 4.16% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $14,426 | 4.75% |
| Newport, OR (FHA|USDA|VA) | 14 | $1,930,000 | $137,857 | $5,369 | 4.95% |
| Hailey, ID (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $4,898 | 5.06% |
| Roseburg, OR (FHA|USDA|VA) | 13 | $1,725,000 | $132,692 | $5,047 | 4.98% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,715,000 | $1,715,000 | $12,763 | 4.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $15,671 | 5.00% |
| Ontario, OR-ID (FHA|USDA|VA) | 11 | $1,425,000 | $129,545 | $2,647 | 4.90% |
| Moses Lake, WA (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $2,778 | 5.28% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $4,754 | 4.27% |
| Rock Springs, WY (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $6,326 | 5.23% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $6,093 | 5.26% |
| Coos Bay, OR (FHA|USDA|VA) | 9 | $1,125,000 | $125,000 | $4,908 | 5.14% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 5.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 3.86% |
| Craig, CO (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $6,038 | 3.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $7,241 | 4.31% |
| The Dalles, OR (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $6,764 | 5.17% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $3,861 | 4.23% |
| POCATELLO, ID (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,831 | 5.06% |
| CORVALLIS, OR (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,400 | 4.54% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,348 | 4.38% |
| Brookings, OR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 4.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,053 | 4.75% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,266 | 3.19% |
| Rexburg, ID (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $8,897 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,611 | 4.44% |
| Hood River, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 5.06% |
| WALLA WALLA, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,765 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,859 | 3.63% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,601 | 4.38% |
| Moscow, ID (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,526 | 4.51% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 5.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,728 | 3.75% |
| Astoria, OR (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 5.45% |
| Sterling, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,772 | 4.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,166 | 4.58% |
| CHICO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,673 | 3.38% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,332 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,016 | 5.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,119 | 4.13% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,194 | 4.25% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,131 | 3.88% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 4.28% |
| Montrose, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,145 | 3.63% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.50% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,411 | 3.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,905 | 3.63% |
| Brookings, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,737 | 3.25% |
| Centralia, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,321 | 3.88% |
| Pullman, WA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,894 | 4.33% |
| Pierre, SD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,672 | 4.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,676 | 4.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.28% |
| Evanston, WY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,438 | 4.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,173 | 3.88% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,538 | 3.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,789 | 3.38% |
| Williston, ND (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,795 | 4.25% |
| Shelton, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.15% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.13% |
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Product Mix
For 2019, First Interstate Bank's most frequently originated type of loan was Conventional, with 4,015 originations. Their 2nd most popular type was HELOC, with 1,975 originations.
Loan Reason
For 2019, First Interstate Bank's most frequently cited loan purpose was Home Purchase, with 3,261 originations. The 2nd most popular reason was Refi, with 1,185 originations.
Loan Duration/Length
For 2019, First Interstate Bank's most frequently cited loan duration was 30 Year, with 3,603 originations. The 2nd most popular length was Other, with 1,753 originations.
Origination Fees/Closing Costs
First Interstate Bank's average total fees were $5,128, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,243 originations.
Interest Rates
During 2019, First Interstate Bank's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 2,372 originations.
Loan Sizing
2019 saw First Interstate Bank place emphasis on $200k-400k loans with 2,397 originations, totaling $659,255,000 in origination value.
Applicant Income
First Interstate Bank lent most frequently to those with incomes in the $100k-150k range, with 1,383 originations. The second most popular income band? $50k-75k, with 1,383 originations.
Applicant Debt to Income Ratio
First Interstate Bank lent most frequently to those with DTI ratios of 20-30%, with 1,403 originations. The next most common DTI ratio? 30-36%, with 1,197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.22%
First Interstate Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.58%
First Interstate Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 3 | $115,000 | $38,333 |
| 250.0 | 1 | $45,000 | $45,000 |
| NA | 6,691 | $1,590,215,000 | $237,665 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST INTERSTATE BANCSYSTEM, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| FIRST INTERSTATE BANCSYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| FIRST INTERSTATE BANCSYSTEM, INC. | FHA mortgage | Closing on a mortgage | 1 | 33.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Interstate Bank | 1100 W Sixth St. The Dalles, OR 97058 | Full Service B&M | $28,852 |
| First Interstate Bank | 2 Main Street Kalispell, MT 59901 | Full Service B&M | $142,619 |
| First Interstate Bank | 508 Highway 93 North Eureka, MT 59917 | Full Service B&M | $27,319 |
| First Interstate Bank | 10 South Coast Highway Newport, OR 97365 | Full Service B&M | $21,509 |
| First Interstate Bank | 100 East Cottonwood Drive Kalispell, MT 59903 | Full Service B&M | $31,277 |
| First Interstate Bank | 100 Hutton Ranch Rd Kalispell, MT 59901 | Full Service B&M | $38,516 |
| First Interstate Bank | 100 North Broadway Belgrade, MT 59714 | Full Service B&M | $66,082 |
| First Interstate Bank | 1000 Biddle Road Medford, OR 97504 | Full Service B&M | $83,994 |
| First Interstate Bank | 1008 Harlow Road Springfield, OR 97477 | Full Service B&M | $43,793 |
| First Interstate Bank | 101 East Front Street Missoula, MT 59801 | Full Service B&M | $469,253 |
| First Interstate Bank | 104 South Wolcott Street Casper, WY 82601 | Full Service B&M | $418,336 |
| First Interstate Bank | 105 Buffalo Way Jackson Hole, WY 83002 | Full Service Retail | $15,410 |
| First Interstate Bank | 1070 Northwest Bond Street Bend, OR 97703 | Full Service B&M | $18,580 |
| First Interstate Bank | 1100 Nw Wall Street Bend, OR 97701 | Full Service B&M | $262,560 |
| First Interstate Bank | 1101 E. Winding Creek Drive Eagle, ID 83616 | Full Service B&M | $74,513 |
| First Interstate Bank | 111 N Oak Street Bingen, WA 98605 | Full Service B&M | $7,489 |
| First Interstate Bank | 1110 Oregon Avenue Southeast Bandon, OR 97411 | Full Service B&M | $16,543 |
| First Interstate Bank | 1115 Main Street Miles City, MT 59301 | Full Service B&M | $133,777 |
| 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 | $15,711 |
| First Interstate Bank | 118 Williams Street Ennis, MT 59729 | Full Service B&M | $33,093 |
| First Interstate Bank | 11917 W Sunset Hwy Airway Heights, WA 99001 | Full Service B&M | $26,051 |
| First Interstate Bank | 12 Third Street, N.W. Great Falls, MT 59403 | Full Service B&M | $107,537 |
| First Interstate Bank | 120 East Broadway Po Box 11095 Jackson, WY 83002 | Full Service B&M | $25,102 |
| First Interstate Bank | 1200 Main Street Sturgis, SD 57785 | Full Service B&M | $162,219 |
| First Interstate Bank | 1260 West Riverstone Drive, 3rd Floor Coeur D Alene, ID 83814 | Full Service B&M | $147,314 |
| First Interstate Bank | 1304 Nw 6th St Grants Pass, OR 97526 | Full Service B&M | $103,285 |
| First Interstate Bank | 1400 North Avenue Spearfish, SD 57783 | Full Service B&M | $82,864 |
| First Interstate Bank | 145 Glendale Dr Suite 4 Lead, SD 57754 | Full Service B&M | $12,512 |
| First Interstate Bank | 1501 N First Hamilton, MT 59840 | Full Service B&M | $52,338 |
| First Interstate Bank | 15015 E Sprague Avenue Spokane Valley, WA 99216 | Full Service B&M | $57,236 |
| First Interstate Bank | 152 Sherman Street Deadwood, SD 57732 | Full Service B&M | $40,758 |
| First Interstate Bank | 154 Southwest 6th Street Redmond, OR 97756 | Full Service B&M | $154,854 |
| First Interstate Bank | 1611 Virginia Avenue North Bend, OR 97459 | Full Service B&M | $20,157 |
| First Interstate Bank | 1613 Coffeen Avenue Sheridan, WY 82801 | Full Service B&M | $80,929 |
| First Interstate Bank | 1700 Ne Third Street Bend, OR 97701 | Full Service B&M | $116,032 |
| First Interstate Bank | 178 North 6th Street Reedsport, OR 97467 | Full Service B&M | $19,745 |
| First Interstate Bank | 1820 Caldwell Blvd Nampa, ID 83651 | Full Service B&M | $10,832 |
| First Interstate Bank | 1850 N. Whitley Drive Fruitland, ID 83619 | Full Service B&M | $28,685 |
| First Interstate Bank | 1931 Northwest Highway 101 Lincoln City, OR 97367 | Full Service B&M | $23,027 |
| First Interstate Bank | 200 Sw Century Drive Bend, OR 97702 | Full Service B&M | $39,951 |
| First Interstate Bank | 202 West Main Street Bozeman, MT 59715 | Full Service B&M | $137,294 |
| First Interstate Bank | 2021 N Montana Ave Helena, MT 59601 | Full Service B&M | $95,760 |
| First Interstate Bank | 2023 Burke Street Bozeman, MT 59718 | Full Service B&M | $72,918 |
| First Interstate Bank | 205 West Madison Avenue Belgrade, MT 59714 | Limited, Drive-thru | $0 |
| First Interstate Bank | 207 West Callendar Livingston, MT 59047 | Full Service B&M | $151,392 |
| First Interstate Bank | 211 5th Street North Great Falls, MT 59401 | Full Service B&M | $45,352 |
| First Interstate Bank | 2110 North Ruby Street Spokane, WA 99207 | Full Service B&M | $30,993 |
| First Interstate Bank | 213 Main Street Fairfield, WA 99012 | Full Service B&M | $29,928 |
| First Interstate Bank | 2201 South Douglas Highway Gillette, WY 82716 | Full Service B&M | $79,519 |
| First Interstate Bank | 221 Ivinson Street Laramie, WY 82070 | Full Service B&M | $290,171 |
| First Interstate Bank | 222 Gillette Avenue Gillette, WY 82716 | Full Service B&M | $228,662 |
| First Interstate Bank | 222 West Main Street Medford, OR 97501 | Full Service B&M | $42,894 |
| First Interstate Bank | 2305 B Asland Street Ashland, OR 97520 | Full Service B&M | $35,708 |
| First Interstate Bank | 24 East Main Street Cut Bank, MT 59427 | Full Service B&M | $37,289 |
| First Interstate Bank | 25 East Lyndale Ave Helena, MT 59601 | Full Service B&M | $212,633 |
| First Interstate Bank | 250 South Washington Avenue Emmett, ID 83617 | Full Service B&M | $36,071 |
| First Interstate Bank | 2500 Cascade Avenue Hood River, OR 97031 | Full Service B&M | $56,766 |
| First Interstate Bank | 2500 North Reserve Missoula, MT 59802 | Full Service B&M | $80,431 |
| First Interstate Bank | 2501 Central Ave Billings, MT 59102 | Full Service B&M | $161,473 |
| First Interstate Bank | 2502 196th Street, S.W. Lynnwood, WA 98036 | Full Service B&M | $25,879 |
| First Interstate Bank | 2601 10th Ave South Great Falls, MT 59404 | Full Service B&M | $236,290 |
| First Interstate Bank | 2630 Ne Hwy 20 Bend, OR 97701 | Full Service B&M | $58,362 |
| First Interstate Bank | 265 Union Avenue Grants Pass, OR 97527 | Full Service B&M | $52,896 |
| First Interstate Bank | 268 Strand Union Building Bozeman, MT 59717 | Full Service B&M | $23,941 |
| First Interstate Bank | 272 E Main Street Sisters, OR 97759 | Full Service B&M | $68,691 |
| First Interstate Bank | 2728 Colonial Drive Helena, MT 59601 | Full Service B&M | $19,763 |
| First Interstate Bank | 2800 West Main Bozeman, MT 59715 | Full Service B&M | $161,268 |
| First Interstate Bank | 2850 Old Hardin Rd Billings, MT 59107 | Full Service B&M | $26,590 |
| First Interstate Bank | 2905 E 57th Avenue Spokane, WA 99223 | Full Service B&M | $36,919 |
| First Interstate Bank | 3 South Woodard Ave Absarokee, MT 59001 | Full Service B&M | $30,230 |
| First Interstate Bank | 30 E Broadway Avenue Meridian, ID 83642 | Full Service B&M | $105,727 |
| First Interstate Bank | 30 West Prairie Avenue Coeur D Alene, ID 83815 | Full Service B&M | $72,034 |
| First Interstate Bank | 300 S Holladay Drive Seaside, OR 97138 | Full Service B&M | $23,593 |
| First Interstate Bank | 300 Southwest Wyoming Boulevard Mills, WY 82644 | Full Service B&M | $106,061 |
| First Interstate Bank | 301 East Front Street Missoula, MT 59801 | Limited, Drive-thru | $0 |
| 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 | $138,832 |
| First Interstate Bank | 3100 Crater Lake Highway Medford, OR 97504 | Full Service B&M | $45,692 |
| First Interstate Bank | 311 North 27th Street Spearfish, SD 57783 | Full Service B&M | $29,983 |
| First Interstate Bank | 314 Duryea Street Raymond, WA 98577 | Full Service B&M | $27,035 |
| First Interstate Bank | 317 North 9th Street Boise, ID 83702 | Full Service B&M | $184,526 |
| First Interstate Bank | 31845 North 5th Avenue Spirit Lake, ID 83869 | Full Service B&M | $23,656 |
| First Interstate Bank | 3199 Grand Avenue Billings, MT 59102 | Full Service B&M | $99,109 |
| First Interstate Bank | 323 East Main Street Riverton, WY 82501 | Full Service B&M | $200,104 |
| First Interstate Bank | 333 West Boulevard Rapid City, SD 57701 | Full Service B&M | $131,280 |
| First Interstate Bank | 3401 North Montana Avenue Helena, MT 59602 | Full Service B&M | $44,570 |
| First Interstate Bank | 3405 East Overland Rd Meridian, ID 83642 | Full Service B&M | $32,977 |
| First Interstate Bank | 343 South Chicago Street Hot Springs, SD 57747 | Full Service B&M | $48,903 |
| First Interstate Bank | 3502 Brooks Missoula, MT 59801 | Full Service B&M | $116,206 |
| First Interstate Bank | 351 East Main Street Hill City, SD 57745 | Full Service B&M | $35,286 |
| First Interstate Bank | 36 North 9th Street Columbus, MT 59019 | Full Service B&M | $24,439 |
| First Interstate Bank | 3630 North Eagle Rd Boise, ID 83713 | Full Service B&M | $19,979 |
| First Interstate Bank | 4 South Main Street Sheridan, WY 82801 | Full Service B&M | $268,614 |
| First Interstate Bank | 40 East Hart Street Buffalo, WY 82834 | Full Service B&M | $85,996 |
| First Interstate Bank | 40 North Fifth Street Custer, SD 57730 | Limited, Drive-thru | $0 |
| First Interstate Bank | 400 North 3rd East Mountain Home, ID 83647 | Full Service B&M | $51,562 |
| First Interstate Bank | 401 North 31st St Billings, MT 59101 | Full Service Cyber Office | $27,276 |
| First Interstate Bank | 401 North 31st Street Billings, MT 59101 | Full Service B&M | $624,293 |
| First Interstate Bank | 401 Se 4th Street Laurel, MT 59044 | Full Service B&M | $13,812 |
| First Interstate Bank | 401 West 19th Street Cheyenne, WY 82001 | Full Service B&M | $171,561 |
| First Interstate Bank | 401 West Front Street Boise, ID 83702 | Full Service B&M | $37,216 |
| First Interstate Bank | 402 North Center Avenue Hardin, MT 59034 | Full Service B&M | $67,952 |
| First Interstate Bank | 402 S Main Colfax, WA 99111 | Full Service B&M | $18,525 |
| First Interstate Bank | 404 S A Ave New Underwood, SD 57761 | Full Service B&M | $23,774 |
| First Interstate Bank | 41 Fifth Avenue Belle Fourche, SD 57717 | Full Service B&M | $75,024 |
| First Interstate Bank | 4128 Adams Street Garden City, ID 83714 | Full Service B&M | $53,340 |
| First Interstate Bank | 418 Main Street Wall, SD 57790 | Full Service B&M | $68,709 |
| First Interstate Bank | 421 South 7th Street Klamath Falls, OR 97601 | Full Service B&M | $31,093 |
| First Interstate Bank | 421 West Riverside, Suite 113 Spokane, WA 99201 | Full Service B&M | $114,010 |
| First Interstate Bank | 435 W Hanley Ave., Ste 100 Coeur D Alene, ID 83815 | Full Service B&M | $37,899 |
| First Interstate Bank | 4612 Rue Terre Cheyenne, WY 82009 | Full Service B&M | $48,378 |
| First Interstate Bank | 4900 Meadows Rd, Ste 140 Lake Oswego, OR 97035 | Full Service B&M | $2,697 |
| First Interstate Bank | 491 N Main St Suite 101 Ketchum, ID 83340 | Full Service B&M | $18,803 |
| First Interstate Bank | 4th Street And Cody Avenue Hardin, MT 59034 | Limited, Drive-thru | $0 |
| First Interstate Bank | 501 Second Avenue Edgemont, SD 57735 | Full Service B&M | $18,301 |
| First Interstate Bank | 502 Cheyenne Avenue Lame Deer, MT 59043 | Full Service B&M | $6,123 |
| First Interstate Bank | 504 E. Sherman Avenue Coeur D Alene, ID 83814 | Full Service B&M | $5,384 |
| First Interstate Bank | 509 6th Street Hot Springs, SD 57747 | Limited, Drive-thru | $0 |
| First Interstate Bank | 520 Hawthorne Avenue Se Salem, OR 97301 | Full Service B&M | $59,324 |
| First Interstate Bank | 521 Southeast Wyoming Boulevard Casper, WY 82609 | Full Service B&M | $105,518 |
| First Interstate Bank | 523 S. Whitman Avenue Rosalia, WA 99170 | Full Service B&M | $11,584 |
| First Interstate Bank | 555 Northwest 3rd St Prineville, OR 97754 | Full Service B&M | $132,636 |
| First Interstate Bank | 57150 Beaver Drive Bend, OR 97707 | Full Service B&M | $59,992 |
| First Interstate Bank | 602 North Broadway Red Lodge, MT 59068 | Full Service B&M | $76,886 |
| First Interstate Bank | 61250 S Highway 97 Bend, OR 97702 | Full Service B&M | $45,015 |
| First Interstate Bank | 620 North Montesano Street Westport, WA 98595 | Full Service B&M | $19,368 |
| First Interstate Bank | 620 S Kimball Ave Caldwell, ID 83605 | Full Service B&M | $102,682 |
| First Interstate Bank | 6210 Main Street Colstrip, MT 59323 | Full Service B&M | $32,166 |
| First Interstate Bank | 648 Mt. Rushmore Road Custer, SD 57730 | Full Service B&M | $75,453 |
| First Interstate Bank | 66 Basin Street Sw Ephrata, WA 98823 | Full Service B&M | $7,699 |
| First Interstate Bank | 707 North Post Street Post Falls, ID 83854 | Full Service B&M | $62,795 |
| First Interstate Bank | 730 Main Street Billings, MT 59107 | Full Service B&M | $201,750 |
| First Interstate Bank | 75 Main Street Cathlamet, WA 98612 | Full Service B&M | $10,235 |
| First Interstate Bank | 780 Nw Garden Valley Boulevard Roseburg, OR 97471 | Full Service B&M | $36,783 |
| First Interstate Bank | 800 Grand Avenue Bigfork, MT 59911 | Full Service B&M | $60,199 |
| First Interstate Bank | 804 12th Avenue South Nampa, ID 83651 | Full Service B&M | $160,112 |
| First Interstate Bank | 8118 Highway 79 Lander, WY 82520 | Full Service B&M | $78,277 |
| First Interstate Bank | 8127 W. Grandridge Boulevard, Suite 210 Kennewick, WA 99336 | Full Service B&M | $13,190 |
| First Interstate Bank | 830 Shiloh Crossing Blvd Billings, MT 59102 | Full Service B&M | $50,759 |
| First Interstate Bank | 8351 West Overland Road Boise, ID 83709 | Full Service B&M | $69,524 |
| First Interstate Bank | 840 E. Avalon Street Kuna, ID 83634 | Full Service B&M | $15,201 |
| First Interstate Bank | 842 West Broadway Jackson, WY 83001 | Full Service B&M | $278,308 |
| First Interstate Bank | 847 N. Creek Dr. Rapid City, SD 57703 | Full Service B&M | $53,822 |
| First Interstate Bank | 888 Southwest Fifth Avenue, Suite 1000 Portland, OR 97204 | Full Service B&M | $131,358 |
| First Interstate Bank | 899 Pearl Street Eugene, OR 97401 | Full Service B&M | $54,957 |
| First Interstate Bank | 90 South Star Road Star, ID 83669 | Full Service B&M | $30,512 |
| First Interstate Bank | 915 Saddle Drive Helena, MT 59601 | Limited, Mobile/Seasonal Office | $1,068 |
| First Interstate Bank | First And Rock Streets Spangle, WA 99031 | Full Service B&M | $15,567 |
| First Interstate Bank | Main Street Polson, MT 59860 | Full Service B&M | $91,416 |
| First Interstate Bank | U.S. Highway 93 And Stoner Creek Road Lakeside, MT 59922 | Full Service B&M | $18,277 |
| First Interstate Bank | U.S. Route 89 North Gardiner, MT 59030 | Full Service B&M | $43,568 |
| First Interstate Bank | West 5 Emma Street Rockford, WA 99030 | Full Service B&M | $15,132 |
| First Interstate Bank | West 518 Francis Spokane, WA 99205 | Full Service B&M | $63,178 |
For 2019, First Interstate Bank had 154 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $555,405 |
| Net interest income | $500,871 |
| Total noninterest income | $145,914 |
| Gross Fiduciary activities income | $19,274 |
| Service charges on deposit accounts | $23,749 |
| Trading account gains and fees | $2,500 |
| Additional Noninterest Income | $100,391 |
| Pre-tax net operating income | $279,549 |
| Securities gains (or losses, -) | $109 |
| Income before extraordinary items | $213,646 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $213,646 |
| Minority interest net income | $0 |
| Net income | $213,646 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $213,559 |
First Interstate Bank's gross interest income from loans was $555,405,000.
First Interstate Bank's net interest income from loans was $500,871,000.
First Interstate Bank's fee based income from loans was $23,749,000.
First Interstate Bank's net income from loans was $213,646,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $54,534 |
| Provision for credit losses | $13,850 |
| Total noninterest expense | $353,386 |
| Salaries and employee benefits | $173,811 |
| Premises and equipment expense | $47,088 |
| Additional noninterest expense | $132,487 |
| Applicable income taxes | $66,012 |
| Net charge-offs | $13,825 |
| Cash dividends | $178,000 |
First Interstate Bank's interest expense for loans was $54,534,000.
First Interstate Bank's payroll and benefits expense were $173,811,000.
First Interstate Bank's property, plant and equipment expenses $47,088,000.
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 | 1.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.9% |
| 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 | $11,663,777 |
| Deposits held in domestic offices | $11,663,777 |
| Deposits by Individuals, partnerships, and corporations | $10,932,776 |
| Deposits by U.S. Government | $12,599 |
| Deposits by States and political subdivisions in the U.S. | $695,374 |
| Deposits by Commercial banks and other depository institutions in U.S. | $23,028 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,124,317 |
| Demand deposits | $2,124,317 |
| Nontransaction accounts | $9,539,460 |
| Money market deposit accounts (MMDAs) | $4,548,055 |
| Other savings deposits (excluding MMDAs) | $3,601,499 |
| Total time deposits | $1,389,906 |
| Total time and savings deposits | $9,539,460 |
| Noninterest-bearing deposits | $3,426,495 |
| Interest-bearing deposits | $8,237,282 |
| Retail deposits | $11,386,356 |
| IRAs and Keogh plan accounts | $192,465 |
| Brokered deposits | $2,925 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $14,582,546 |
| Cash & Balances due from depository institutions | $1,079,865 |
| Interest-bearing balances | $841,014 |
| Total securities | $3,049,584 |
| Federal funds sold & reverse repurchase | $98 |
| Net loans and leases | $8,958,529 |
| Loan and leases loss allowance | $72,988 |
| Trading account assets | $21,898 |
| Bank premises and fixed assets | $300,405 |
| Other real estate owned | $8,464 |
| Goodwill and other intangibles | $712,460 |
| All other assets | $451,243 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $14,582,546 |
| Total Liabilities | $12,687,034 |
| Total deposits | $11,663,777 |
| Interest-bearing deposits | $8,237,282 |
| Deposits held in domestic offices | $11,663,777 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $844,426 |
| Trading liabilities | $10,285 |
| Other borrowed funds | $13,883 |
| Subordinated debt | $0 |
| All other liabilities | $154,663 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $8,958,529 |
| Loan and leases loss allowance | $72,988 |
| Total loans and leases (domestic) | $9,031,517 |
| All real estate loans | $6,281,670 |
| Real estate loans in domestic offices | $6,281,670 |
| Construction and development loans | $977,642 |
| Residential 1-4 family construction | $215,835 |
| Other construction, all land development and other land | $761,807 |
| Loans secured by nonfarm nonresidential properties | $3,133,522 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,641,240 |
| Commercial real estate & other non-farm, non-residential | $1,492,282 |
| Multifamily residential real estate | $299,936 |
| 1-4 family residential loans | $1,644,011 |
| Farmland loans | $226,559 |
| Loans held in foreign offices | $0 |
| Farm loans | $279,112 |
| Commercial and industrial loans | $1,268,900 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,043,188 |
| Credit card loans | $81,617 |
| Related Plans | $31,525 |
| Consumer Auto Loans | $506,328 |
| Other loans to individuals | $423,718 |
| All other loans & leases | $164,196 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $10,569 |
| Loans to depository institutions and acceptances of other banks | $1,288 |
| Loans not secured by real estate | $2,232 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $5,347 |
| Non 1-4 family restructured loans & leases | $4,811 |
| Total loans and leases (foreign) | $0 |
First Interstate Bank had $8,958,529,000 of loans outstanding in 2019. $6,281,670,000 of loans were in real estate loans. $977,642,000 of loans were in development loans. $299,936,000 of loans were in multifamily mortgage loans. $1,644,011,000 of loans were in 1-4 family mortgage loans. $279,112,000 of loans were in farm loans. $81,617,000 of loans were in credit card loans. $506,328,000 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 | 3,732 | $913,010 | $244,644 |
| Nonfarm, nonresidential loans - <$100k | 487 | $20,608 | $42,316 |
| Nonfarm, nonresidential loans - $100-250k | 1,295 | $163,145 | $125,981 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,950 | $729,257 | $373,978 |
| Commercial & Industrial, US addressed loans - <$1MM | 19,522 | $627,288 | $32,132 |
| Commercial & Industrial, US addressed loans - <$100k | 16,507 | $210,579 | $12,757 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,836 | $136,358 | $74,269 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,179 | $280,351 | $237,787 |
| Farmland loans - <$1MM | 707 | $87,832 | $124,232 |
| Farmland loans - <$100k | 174 | $7,149 | $41,086 |
| Farmland loans - $100-250k | 330 | $35,605 | $107,894 |
| Farmland loans - $250k-1MM | 203 | $45,078 | $222,059 |
| Agriculture operations loans - <$1MM | 2,801 | $134,525 | $48,027 |
| Agriculture operations loans - <$100k | 2,098 | $43,054 | $20,521 |
| Agriculture operations loans - $100-250k | 479 | $46,585 | $97,255 |
| Agriculture operations loans - $250k-1MM | 224 | $44,886 | $200,384 |