First Interstate Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
First Interstate Bank, based in Billings, Montana, reported $25.8 billion in assets at June 30, 2026, down 6.2% from a year earlier. It pays an average of 1.14% on its deposits and borrowings, lower than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 1.92%). It also shrank its loan book 14.4% over the year, lower than about 9 in 10 banks its size (median 6.3%).
The balance sheet shrank over the year: over the year loans fell 14.4% and deposits fell 5.6%. Unrealized losses on its securities total $479 million, equal to 20% of Tier 1 capital, against 22% a year earlier. Credit is the area to watch: it carries problem assets equal to 6.8% of the capital and reserves that would absorb them, higher than about three-quarters of banks its size (median 4.2%).
As of June 30, 2026, First Interstate Bank reported a CET1 capital ratio of 14.32%, a return on assets of 1.39%, a nonperforming-loan ratio of 1.33% and a Texas ratio of 6.83%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 401 N 31st St, Billings, MT 59101
- County
- Yellowstone
- Metro Area
- Billings, MT
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- October 9, 1916
- Former names
- The First Interstate Bank of Commerce (1992-1997); First Interstate Bank of Billings, National Association (1984-1992); Security Bank, N. A. (1974-1984)
- Offices
- 274 domestic
- Employees (FTE)
- 3,016
- Domestic deposits
- $21.73B
- Allowance for credit losses
- $182.2M
- Net charge-offs (YTD)
- $12.1M
- Average total assets
- $26.23B
- Average total loans
- $14.52B
- Average interest-bearing deposits
- $16.31B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1105
- Fed RSSD
- 659855
- SEC CIK
- 860413 → filed by FIRST INTERSTATE BANCSYSTEM, INC.
- Website
- www.firstinterstatebank.com →
- Parent Holding Company
- FIRST INTERSTATE BANCSYSTEM, INC. (RSSD 1123670) · FIBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| James A Reuter | CEO | President and CEO |
| Della Camera David | CFO | Chief Financial Officer |
| Jeffery D. Lee | COO | Chief Operations Officer |
| Ryan J. Boschee | CCO | Chief Credit Officer |
| Lori Meyer | CIO | EVP, Chief Information Officer |
| Jolyn M. Kanning | CRO | Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full First Interstate Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock First Interstate Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First Interstate Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.32% | 1.39% | 1.12% | 6.83% | 3.54% |
| Q1 2026 | 13.95% | 1.01% | 1.05% | 6.67% | 3.44% |
| Q4 2025 | 14.13% | 1.71% | 0.88% | 5.62% | 3.46% |
| Q3 2025 | 13.74% | 1.17% | 1.13% | 7.52% | 3.46% |
| Q2 2025 | 13.35% | 1.12% | 1.16% | 8.05% | 3.36% |
| Q1 2025 | 12.51% | 0.81% | 1.12% | 8.19% | 3.19% |
| Q4 2024 | 12.12% | 0.78% | 0.79% | 6.27% | 3.24% |
| Q3 2024 | 11.78% | 0.85% | 1.07% | 8.28% | 3.07% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 274 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Interstate Bank (main office) | Billings , MT | 59101 | $1.07B |
| Missoula Downtown Branch | Missoula , MT | 59802 | $599.8M |
| Sioux Falls Downtown Branch | Sioux Falls , SD | 57104 | $486.0M |
| Bend Downtown Branch | Bend , OR | 97703 | $389.4M |
| Casper Downtown Branch | Casper , WY | 82601 | $357.9M |
| Jackson Main Branch | Jackson , WY | 83001 | $350.0M |
| Riverton Branch | Riverton , WY | 82501 | $344.2M |
| Great Falls 10th Ave S Branch | Great Falls , MT | 59405 | $331.0M |
| Rapid City Gateway Branch | Rapid City , SD | 57701 | $326.7M |
| Clive University Ave. Branch | Clive , IA | 50325 | $324.1M |
| Laramie Downtown Branch | Laramie , WY | 82070 | $303.6M |
| Helena Gulch Branch | Helena , MT | 59601 | $277.8M |
| Omaha 93rd & W. Dodge Road Branch | Omaha , NE | 68114 | $269.1M |
| Bozeman West Branch | Bozeman , MT | 59718 | $264.3M |
| Sturgis Branch | Sturgis , SD | 57785 | $259.0M |
| Gillette Downtown Branch | Gillette , WY | 82716 | $253.8M |
| Sheridan Downtown Branch | Sheridan , WY | 82801 | $234.9M |
| Redmond Branch | Redmond , OR | 97756 | $217.8M |
| Billings Heights Branch | Billings , MT | 59105 | $214.9M |
| Bozeman Main Branch | Bozeman , MT | 59715 | $212.7M |
| Bellevue Galvin Rd. S. Branch | Bellevue , NE | 68005 | $197.1M |
| Billings Shiloh Branch | Billings , MT | 59102 | $191.9M |
| Kalispell Branch | Kalispell , MT | 59901 | $190.6M |
| Cheyenne Downtown Branch | Cheyenne , WY | 82001 | $189.1M |
| Livingston Branch | Livingston , MT | 59047 | $181.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 2022 | Structure Change | Acquired Great Western Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 8, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 8, 2019 | Structure Change | Acquired Idaho Independent Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 10, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 10, 2018 | Structure Change | Acquired Inland Northwest Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 12, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 12, 2017 | Structure Change | Acquired Bank of the Cascades Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 13, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 13, 2016 | Structure Change | Acquired Flathead Bank of Bigfork, Montana Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 25, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 25, 2015 | Structure Change | Acquired United Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 18, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 18, 2014 | Structure Change | Acquired Mountain West Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 26, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 26, 2009 | Structure Change | Acquired First Western Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 27, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 27, 2003 | Structure Change | Acquired The United States National Bank of Red Lodge Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 10, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 10, 2001 | Structure Change | Acquired First Interstate Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 1999 | Structure Change | Acquired Security State Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 23, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 23, 1997 | Structure Change | Acquired First Interstate Bank, FSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 21, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 21, 1997 | Structure Change | Acquired Mountain Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 23, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 23, 1995 | Structure Change | Acquired The First National Park Bank in Livingston Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 5, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 5, 1995 | Structure Change | Acquired First Citizens Bank of Bozeman Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 1, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 1, 1992 | Structure Change | Acquired First Interstate Bank of Hardin Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 32 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for First Interstate Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 2 against the institution (Federal Reserve); 5 against individuals associated with it
- August 28, 2024, Federal Reserve: Civil Money Penalty: First Interstate Bank, Billings, Montana
- March 15, 2005, Federal Reserve: Civil Money Penalty $15,750.: First Interstate Bank, Billings, MT
- Period: Most recent institution action August 28, 2024. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 15.7% of deposits in MT, rank 3 of 48 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 4,082 applications, 2,443 loans originated, $480.5M originated, across 20 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 82 loans, $27.2M approved, $331K average. 1.22% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 57 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First Interstate Bank
What are First Interstate Bank's total assets?
As of the Q2 2026 filing, First Interstate Bank reported total assets of $25.79 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Interstate Bank headquartered?
First Interstate Bank is headquartered in Billings, MT, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Interstate Bank founded?
First Interstate Bank was established in 1916, per the FDIC institution directory.
Is First Interstate Bank FDIC-insured?
Yes. First Interstate Bank is an FDIC-insured commercial bank (FDIC Certificate #1105). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Interstate Bank?
First Interstate Bank's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Interstate Bank's CET1 capital ratio?
First Interstate Bank reported a Common Equity Tier 1 (CET1) capital ratio of 14.32% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Interstate Bank operate?
First Interstate Bank operates 274 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Interstate Bank's Texas Ratio?
First Interstate Bank's Texas Ratio is 6.83% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was First Interstate Bank previously called?
The charter now named First Interstate Bank has also operated as The First Interstate Bank of Commerce (1992-1997), First Interstate Bank of Billings, National Association (1984-1992), Security Bank, N. A. (1974-1984), per FDIC structure-change records.
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