First Interstate Bank

401 North 31st Street
Billings, MT 59101

Notable Rates APY Vs.Others
Savings 0.01% 1.90% →
1-Year CD 0.15% 1.90% →
2-Year CD 0.20% 1.95% →
5-Year CD 0.35% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

First Interstate Bank is an FDIC insured institution located in Billings, MT. It was founded in 1916 and has approximately $14.64 billion in assets. Customers can open an account at one of its 145 branches.

FDIC Insured Yes
FDIC Certificate # 1105
Date Established 1916
Assets $14.64 billion
Loans $9.03 billion
Deposits $11.80 billion
Capital $1.89 billion

For a more detailed analysis of First Interstate Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $100 $9,999 Learn MoreShow Less
Money Market
0.01% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.05% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less

Fixed IRA
0.15% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.35% $100 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $100 - Learn MoreShow Less

Loan Rates - April 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Interstate Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
3.500 %
$0 Learn More
More Info

Note to First Interstate Bank
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First Interstate Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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First Interstate Bank Locations

Financial Details

First Interstate Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Interstate Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Interstate Bank U.S. Bank Average
3.82% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, First Interstate Bank had $57,242,000 in non-current loans and $17,831,000 in owned real estate. To cover these potential losses it had $1,888,629,000 in equity and $74,940,000 in loans loss reserves. That gives it a Texas Ratio of 3.82%.

Return on Equity
First Interstate Bank U.S. Bank Average
11.76% 9.72%

First Interstate Bank has a Return on Equity of 11.76% versus the BestCashCow average of 9.72%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

First Interstate Bank U.S. Bank Average
12.9% 12.89%

First Interstate Bank has a Capitalization of 12.9% versus the BestCashCow average of 12.89. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Interstate Bank Balance Sheet Analysis

As of September 30, 2019, First Interstate Bank had assets of $14,640,281,000, loans of $9,026,593,000, and deposits of $11,797,726,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2019
Cash & Balances due from depository institutions $1.28 billion
Interest-bearing balances $0.98 billion
Total securities $2.82 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $9.03 billion
Loan loss allowance $0.07 billion
Trading account assets $0.03 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $0.72 billion
All other assets $0.45 billion
     Total Assets $12.75 billion
Total deposits $11.80 billion
      Interest-bearing deposits $8.16 billion
      Deposits held in domestic offices $11.80 billion
      % insured (estimated) 76.25%
Federal funds purchased and repurchase agreements $0.76 billion
Trading liabilities $0.02 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.16 billion
      Total Liabilities $12.75 billion
      Shareholders’ Equity $1.89 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.42 billion
Total Interest Expense $0.04 billion
Net interest income $0.37 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.11 billion
Total non interest expense $0.27 billion
Pre-tax Net Operating Income $0.20 billion

Bank Loan Profile?

The top three loan types in First Interstate Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Montana, First Interstate Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.43
Credit Card Loans 0.89
Consumer Auto Loans 5.69
Small Business Loans 10.20
Construction and Development Loans 10.62
Commercial Real Estate 34.52
Commercial and Industrial Loans 14.62
Farm Loans 3.24

Frequently Asked Questions About First Interstate Bank

Branches and Savings

Is First Interstate Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1105.

Why does First Interstate Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Interstate Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Interstate Bank a commercial bank?


Where are First Interstate Bank locations?

See branch locations nearby.

Is First Interstate Bank open on Saturdays?

Is First Interstate Bank open on Sundays?

What time does First Interstate Bank open?

What time does First Interstate Bank close?

Are First Interstate Bank ATMs Open 24/7?

Do First Interstate Bank ATMs accept cash deposits?

Can First Interstate Bank customers use other ATMs?

Do First Interstate Bank branches have notaries?

Will First Interstate Bank notarize my document?

What address for First Interstate Bank should I put for incoming ACH transfers?

Will the First Interstate Bank branch print checks?

Do First Interstate Bank checks expire?

Does First Interstate Bank require US citizenship to open account?

Can First Interstate Bank close my account?

Does First Interstate Bank Report to credit bureaus?

Does First Interstate Bank Use Equifax?

What is First Interstate Bank's ACH Routing Number?

What is First Interstate Bank's SWIFT code?


Does First Interstate Bank offer mortgages?

Compare mortgage rates here.

Does First Interstate Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Interstate Bank offer personal loans?

Compare personal loan rates here.

Does First Interstate Bank offer student loans?

Will First Interstate Bank cash a check?

Will First Interstate Bank redeem a savings bond?

Does First Interstate Bank cash savings bonds?

Will First Interstate Bank cash money orders?

Can First Interstate Bank issue a money order?

Does First Interstate Bank do currency exchange?

Background on The Bank

Who owns First Interstate Bank?

How long has First Interstate Bank been around?

Can First Interstate Bank transfer to other banks?

Does First Interstate Bank have quick pay?

Does First Interstate Bank accept rolled coins?

Will First Interstate Bank accept loose change?

Where is First Interstate Bank headquarters?

Customer Reviews for First Interstate Bank

  • November 15, 2019

    If you have a choice don't use these people for an auto loan. I called and got the loan pay off which I submitted electronically. I hadn't gotten any lean clearance info so I called. They said they held it for 10 business days to make sure the money cleared. This was an electronic transfer so they had the money immediately and they said as much. Either they are lazy or they have some stupid rule.

  • June 10, 2019

    CDs 11 Month Rates

    WE would like to know what your cds rates are on $ 40,000 for 1 year

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