# FIRST INTERSTATE BANK
BILLINGS, MT · FDIC certificate 1105 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $25.79B | |
| Deposits | $21.73B | |
| Loans and leases | $14.28B | |
| Total equity | $3.25B | |
| Loans / deposits | 64.88% (p13 of band) | 85.78% |
| Liquid assets / assets | 35.48% (p83 of band) | |
| Uninsured deposits / deposits | 36.43% (p44 of band) | 38.39% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.86% (p15 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.42% (p28 of band) | 10.17% |
| Unrealized securities loss / equity | -14.74% (p21 of band) | -7.43% |
| AOCI / equity | -0.78% (p24 of band) | |
| ROA (annualized) | 1.21% (p47 of band) | 1.24% |
| Net interest margin | 3.55% (p47 of band) | 3.57% |
| Efficiency ratio | 58.39% (p68 of band) | |
| Noncurrent loans | 1.12% (p79 of band) | 0.66% |
| Net charge-offs (annualized) | 0.09% (p53 of band) | |
| Reserve coverage of noncurrent | 114.10% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 17.72% (p35 of band) | |
| Auto loans | $238.6M (1.67% of loans; DQ 2.68%, NCO 0.01%) | |
| Loans to nondepository financials | $131.2M (4% of equity) (p42 of band) | |
| Deposits YoY | -5.6% | |
| Employees | 3016 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | capital falling, reserve under noncurrent |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 0 |  | reserve under noncurrent |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | reserve under noncurrent |  |
| 2018-09 | 0 |  | reserve under noncurrent |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | charge-offs p90 | capital falling |
| 2022-06 | 0 |  | charge-offs p90 |
| 2022-09 | 2 | securities losses >30% of equity, charge-offs p90 |  |
| 2022-12 | 1 |  | charge-offs p90 |
| 2023-03 | 3 | capital falling, deposits shrinking, uninsured deposits leaving | securities losses >30% of equity |
| 2023-06 | 3 | securities losses >30% of equity | capital falling |
| 2023-09 | 2 |  | uninsured deposits leaving |
| 2023-12 | 2 | assets shrinking | securities losses >30% of equity |
| 2024-03 | 0 |  | deposits shrinking, assets shrinking |
| 2024-06 | 0 |  |  |
| 2024-09 | 0 |  |  |
| 2024-12 | 2 | charge-offs p90, assets shrinking |  |
| 2025-03 | 1 |  | charge-offs p90 |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 2 | capital falling |  |
| 2026-06 | 2 | deposits shrinking | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-28 [First Interstate Bank Introduces No Nonsense Campaign Because There’s Enough Nonsense Out There and a Considerable Amount in Banking - Roastbrief US](https://news.google.com/rss/articles/CBMi6gFBVV95cUxNOXRFRF9HRGttZlFhbThhOXA5Q3ZpSU9DSkQ2Z3g2Mk45RGJ2XzRwN2pVUGhRSnd4Vl8ybkw4NnlYWFZsUEVVNWVYdVJQT2psOGs5NUpTMVpDS0s3bnBzX2FieGFtT0ZQczFDaG5VVTZ4LVBreTA1aXVSdk9DT3NHYlRvd3BYNTV2b3laVmcwU0pkbk04NnFqV09LdlU5UnlBSlhlQ0VUTzhuQVhhR1VhYmh5VlFXa1pEUFVEX0NhX2dFNHR0b0NKd2xNM1pRNmx5ZXZKOWNtVmM0ZGNCVGttWU8ybkFvU0tPMUE?oc=5) · Roastbrief US
- 2026-06-25 [Billings man pleads guilty to stealing $50,000 from First Interstate Bank - KTVQ](https://news.google.com/rss/articles/CBMinwFBVV95cUxQc192MEJtY2F4ODZ5WnFRUXFwdXhsWGhBdnRMZnlWX2V0ZGlsYzhVbFlWOWFweVN6NnNlcndzaUN1RXFkQkxudFdvWnpuMDVRdmRJUDd1ckxlajRrbFNRTnJJZWdVTXNZS2VVT2RiTFc1cnFiWHdPM1dZUlhrbHhvZVVPX3BmNFJ4dWtLOHNOZC1rNi1PUFRxNzYxMU1lX00?oc=5) · KTVQ
- 2026-05-19 [First Interstate Bank Moved Prolific Banking, Inc. On-Ramp Commercial Enrollment Solution into Production - Business Wire](https://news.google.com/rss/articles/CBMi8wFBVV95cUxOTk9kdGM2R3hvd2ozSS1qRFJtTjlZa19ILUF1anFid0ZJNDAzcVN2bVpJX0FxNGNBVXl4dmdVLVFKZlhxYzlJRzNkNFhvMm1MSFNRV0lpdXJXOEpWcGN1STNyQ2poek5lXzVQZm9DSHIxUXUtY28zVFBjR3M4b0RUWUQwSUpnS3FqTzY4eUZaR1pHbDFFZE03RWhjdERIdFZiOG5uR1Fmb29DWlI0czJIQnhhT1J4dTFHWDFIUzBXR1E4RTBUeVdNTEJZWlVNbFpncm82NHBXczgwVWVZUU1mYk5USXdZNlNROTd3RkplZm9uQkE?oc=5) · Business Wire
- 2026-04-29 [First Interstate Bank celebrates $100 million in giving - Whitefish Pilot](https://news.google.com/rss/articles/CBMioAFBVV95cUxPNW51Sk5xb1pTUzlCeDBpVl9sS2JTVUFnSkFmVXRSNWlMdkxleHBWMFNfVWQ2ajRtREw2RjZUZldEZEpJR0Jjenl0VkNQWU5ENXVlczRNamY3aFdBMjNxamM4NTZRTU14Zl9BSGM2RnE5NDMydzFTbXdqeDRWSllscHJqbFBpdDAyTzFYbW1HNmVlYUNQaEtFVmpGeEdtd3I0?oc=5) · Whitefish Pilot
- 2025-09-19 [First Interstate CEO: Colorado ‘a better opportunity’ after PNC move - Banking Dive](https://news.google.com/rss/articles/CBMimgFBVV95cUxQanJ1N3RUdDE4a01ael9uYUhGTDVkTnAxMjB2TEd6bVZnWHFtN2tkOGNJeXhERkJpeHNldlpuYVh2clFibElXS2dlRGZXc0lYcWgtRWI0OHo5ZlBoNXJIVWRLYzNWT1JjWXk3RDAxQW5mSm1TN2FHZmNZNzVJUXhiQUFrLTZFSWFZUjFjLVpKNFBPSWtZVm94RHFB?oc=5) · Banking Dive
- 2025-10-20 [First Interstate Is Activist Investor HoldCo’s Latest Target - Bloomberg.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxNXy12QkxySmdJTm1pZlN3TEFsdXUzZHhCQjM5Y3RRYzJoQmhpT2FDYUJvVW9TVXRqVHNUc0ZnMHU2ZDZta1ctdlBObURyVHB0U0RHNGdvemNEaFdteFdCb0FzdjdVbmhXNy1ySW1wMWx5MWxmaTAzTFM3dkx4MklFeE85NU5FSU1jY2U0bE5LbHVTWEoyTmNncFFIM0JmVmZ6Uk9oZmhhdW9LMDl6anQ1WXgtVTJBdw?oc=5) · Bloomberg.com
- 2026-04-01 [First Interstate BancSystem, Inc. Announces First Quarter Earnings Release and Conference Call - Business Wire](https://news.google.com/rss/articles/CBMi5AFBVV95cUxOcVRyY1dIUnZidzlHQ0VwcWhNa01MR1pfdzZXd2dEZVJGR2NjbjNuS1RhSGdQNFhMbEUzWDBVVFFFM1FPV05Mc2dEOWxiblpOYTFMUEo4cE9qNUM3b1MxRlYwbTZBYWVNOV9OV1lfbE9Vdm5mWUxobzU0OG51eEJHQTVBZEYtZWZ3WTZZSDZFc051RHhrWWpBWmZOS1NZb1NHLVFEV29DR0taaFh3ZjJpUUdSdnVQem9XdHdfS0F1X1lmbU85NGc4bHl0RzZWU2Jtbi1XTVcyVVFVYm1fNWNQSmVfYjk?oc=5) · Business Wire
- 2024-04-08 [First Interstate Bank donates $100K to Montana Food Bank Network - KPAX News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOamFfV3R3VlV3U0xwQVFwQklSajFWUmRBNTBMUEFVenV5Q0s4T0xLYjE1MC1CV1A0M0FCTkIxdklwcU5lUHU3Mm4teXFRbnk2LVNaRzJJeVRzUXBLb1JKVmRmWW1RQnJ6YVBrdDhWT2ptWkRFT0wwTm9tTlZSMmNFMzlaMVV1dnE1UThhcVJmRmtEaTQxX1VMTUs2bHJMT2VqS05zQldoMVg?oc=5) · KPAX News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1105 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/17.json (key "1105", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide