First Interstate Bank

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Income Statement

2006 Y 2007 Y 2008 Y 2009 Y 2010 Q2 YTD Source Document 12/31/2008  12/31/2009  12/31/2009  12/31/2009  6/30/2010  Currency Code USD USD USD USD USD (in thousands)                       Interest income Interest and fees on loans 245,435 272,482 305,152 279,985 134,395 Interest and dividends on investment securities Taxable 40,991 42,660 43,583 41,978 22,133 Exempt from federal taxes 4,441 4,686 5,913 5,298 2,339 Interest on deposits in banks 360 1,307 191 520 481 Interest on federal funds sold 2,196 4,422 1,080 253 18 Total interest income 293,423 325,557 355,919 328,034 159,366 Interest expense Interest on deposits 73,267 99,549 96,863 73,226 29,774 Interest on federal funds purchased 1,649 267 1,389 20 0 Interest on securities sold under repurchase agreements 25,278 21,212 7,694 776 423 Interest on other borrowed funds 709 161 1,741 1,347 2 Interest on long-term debt 1,576 467 4,578 3,249 1,428 Interest on subordinated debentures held by subsidiary trusts 3,481 4,298 8,277 6,280 2,894 Total interest expense 105,960 125,954 120,542 84,898 34,521 Net interest income 187,463 199,603 235,377 243,136 124,845 Provision for loan losses 7,761 7,750 33,356 45,300 31,400 Net interest income after provision for loan losses 179,702 191,853 202,021 197,836 93,445 Non-interest income Other service charges commissions and fees 21,906 24,221 28,193 28,747 14,252 Service charges on deposit accounts 17,581 17,787 20,712 20,323 9,357 Income from origination and sale of loans 9,611 11,245 12,290 30,928 7,486 Wealth management revenues 11,176 11,734 12,352 10,821 6,213 Investment securities gains net (722) 59 101 137 42 Gain on sale of equity method investee 19,801 NA NA NA NA Gain on sale of nonbank subsidiary 0 0 27,096 0 NA Technology services revenues 15,845 19,080 17,699 0 NA Other income 6,921 8,241 10,154 9,734 3,195 Total non-interest income 102,119 92,367 128,597 100,690 40,545 Non-interest expense Salaries wages and employee benefits 88,889 98,134 114,024 113,569 55,457 Occupancy net 13,300 14,741 16,361 15,898 8,105 Furniture and equipment 16,333 16,229 18,880 12,405 6,697 FDIC insurance premiums 435 444 2,912 12,130 5,123 Outsourced technology services NA 3,116 4,016 10,567 4,698 Mortgage servicing rights amortization 4,024 4,441 5,918 7,568 2,248 Mortgage servicing rights impairment (recovery) 1,694 1,702 10,940 (7,224) 221 OREO expense net of income NA (81) 215 6,397 3,521 Core deposit intangibles amortization 772 174 2,503 2,131 879 Other expenses 39,266 39,886 46,772 44,269 21,222 Total non-interest expense 164,713 178,786 222,541 217,710 108,171 Income before income tax expense 117,108 105,434 108,077 80,816 25,819 Income tax expense 41,499 36,793 37,429 26,953 8,030 Net income 75,609 68,641 70,648 53,863 17,789 Preferred stock dividends 0 0 3,347 3,422 1,697 Net income available to common stockholders 75,609 68,641 67,301 50,441 16,092 Basic earnings per common share 9.32 8.45 8.55 6.44 0.43 Diluted earnings per common share 9.11 8.25 8.38 6.37 0.43 Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data. Copyright 2010, © SNL Financial LC  Terms of Use