First Interstate Bank

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Income Statement

2013 Q1 YTD 2012 Y 2011 Y 2010 Y 2009 Y Source Document 3/31/2013  12/31/2012  12/31/2012  12/31/2012  12/31/2011  Currency Code USD USD USD USD USD (in thousands)                       Interest income Interest and fees on loans 55,493 230,882 245,767 266,472 279,985 Interest and dividends on investment securities Taxable 8,046 36,847 41,304 42,338 41,978 Exempt from federal taxes 1,226 4,923 4,749 4,621 5,298 Interest on deposits in banks 298 1,235 1,050 1,093 520 Interest on federal funds sold 4 13 13 22 253 Total interest income 65,067 273,900 292,883 314,546 328,034 Interest expense Interest on deposits 4,355 22,306 33,533 53,949 73,226 Interest on federal funds purchased NA NA NA NA 20 Interest on securities sold under repurchase agreements 100 579 695 879 776 Interest on other borrowed funds NA 0 0 3 1,347 Interest on long-term debt 480 1,981 1,975 2,433 3,249 Interest on preferred stock pending redemption 159 131 0 0 NA Interest on subordinated debentures held by subsidiary trusts 696 5,117 5,828 5,843 6,280 Total interest expense 5,790 30,114 42,031 63,107 84,898 Net interest income 59,277 243,786 250,852 251,439 243,136 Provision for loan losses 500 40,750 58,151 66,900 45,300 Net interest income after provision for loan losses 58,777 203,036 192,701 184,539 197,836 Non-interest income Income from the origination and sale of loans 10,675 41,790 21,153 22,868 30,928 Other service charges, commissions and fees 8,256 34,226 31,689 29,494 28,747 Wealth management revenues 4,134 14,314 13,575 12,387 10,821 Service charges on deposit accounts 4,068 17,412 17,647 18,181 20,323 Investment securities gains, net 8 348 1,544 170 137 Other income 1,678 6,771 6,264 7,811 9,734 Total non-interest income 28,819 114,861 91,872 90,911 100,690 Non-interest expense Salaries and wages 23,405 89,833 83,560 83,373 NA Employee benefits 8,175 29,345 27,792 29,294 NA Salaries, wages and employee benefits NA NA NA NA 113,569 Occupancy, net 4,026 15,786 16,223 16,251 15,898 Furniture and equipment 3,052 12,859 12,562 13,434 12,405 Outsourced technology services 2,157 8,826 8,933 9,477 10,567 OREO expense, net of income 1,896 9,400 8,652 7,670 6,397 FDIC insurance premiums 1,377 6,470 7,333 10,044 12,130 Professional fees 1,127 4,044 3,676 3,245 NA Mortgage servicing rights amortization 839 3,501 3,225 4,615 7,568 Mortgage servicing rights impairment recovery (48) (771) 1,275 (787) (7,224) Core deposit intangibles amortization 354 1,420 1,446 1,748 2,131 Other expenses 10,325 48,922 43,735 42,640 44,269 Total non-interest expense 56,685 229,635 218,412 221,004 217,710 Income before income tax expense 30,911 88,262 66,161 54,446 80,816 Income tax expense 10,867 30,038 21,615 17,090 26,953 Net income 20,044 58,224 44,546 37,356 53,863 Preferred stock dividends 0 3,300 3,422 3,422 3,422 Net income available to common shareholders 20,044 54,924 41,124 33,934 50,441 Basic earnings per common share 0.46 1.28 0.96 0.85 1.61 Diluted earnings per common share 0.46 1.27 0.96 0.85 1.59 STATEMENTS OF COMPREHENSIVE INCOME Net income 20,044 58,224 44,546 37,356 NA Other comprehensive income (loss), before tax Investment securities available-for sale Change in net unrealized gains (losses) during period (5,717) (4,648) 17,168 (8,438) NA Reclassification adjustment for net gains included in income (8) (348) (1,544) (170) NA Unamortized premium on available-for-sale securities transferred into held-to-maturity NA 56 389 722 NA Defined benefit post-retirement benefits plans Change in net actuarial loss 35 (77) 135 (940) NA Other comprehensive income (loss), before tax (5,690) (5,017) 16,148 (8,826) NA Deferred tax benefit (expense) related to other comprehensive income 2,239 1,974 (6,489) 3,126 NA Other comprehensive income (loss), net of tax (3,451) (3,043) 9,659 (5,700) NA Comprehensive income, net of tax 16,593 55,181 54,205 31,656 NA 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 2013, © SNL Financial LC  Terms of Use