FIB Foundations
Our headquarters building here in Billings holds what specific architectural record for the state of Montana?
Tallest building in Montana
While not always true, an increase in the FED Funds Rate typically has this effect on the cost of a new mortgage.
more expensive or higher cost
When a bank holds a claim on a car or a home as security for a loan, the asset is referred to as this.
Collateral
This Wyoming city is where First Interstate Bank was originally founded in 1968.
Sheridan
This term describes the bank's ability to quickly convert its assets into cash to meet customer withdrawals.
Liquidity
If a customer has $375,000 in a single party account with no beneficiaries, this is the specific dollar amount that is technically uninsured by the FDIC.
125,000
These are the three official Core Values that guide every employee at First Interstate: Courage, Collaboration, and this.
Curiosity
Net Interest Margin, or NIM, represents the difference between the interest the bank earns on loans and the interest we pay to customers on these.
Deposits
This is the formal term for a loan where the customer has stopped making payments or has fallen significantly behind.
Non-Performing Loan (or Bad Debt)
This individual serves as the current President and CEO of First Interstate BancSystem.
James A. Reuter
This strategy of spreading loans across different industries to reduce the risk of a single default is known as this.
Diversification
To adhere to federal regulations on KYC (Know Your Customer), First Interstate has a procedure for verifying identities that goes by this acronym.
CIP
This Sioux Falls-based bank was the primary partner in our major 2022 expansion and merger.
Great Western Bank
This specific metric—frequently abbreviated as ROA—measures how effectively we turn our entire asset base into net income.
Return on Assets
A routing number is also referred to as an RTN, with the "T" standing for this.
Transit