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First Interstate BancSystem, Inc. Reports Preliminary Results For Fourth Quarter 2011

Fluctuations in the provision for loan losses result from management's assessment of the adequacy of the Company's allowance for loan losses. Management expects quarterly provisions for loan losses to decline as credit quality improves.

Following is a summary of the Company's credit quality trends since the start of 2009.

CREDIT QUALITY TRENDS

(Unaudited; $ in thousands)
     

Provision forLoan Losses
     

Net Charge-offs
     

Allowance forLoan Losses
     

AccruingLoans 30-89Days Past Due
     

Non-PerformingLoans
     

Non-PerformingAssets
Q1 2009 $ 9,600 $ 4,693 $ 92,223 $ 98,980 $ 103,653 $ 122,300
Q2 2009 11,700 5,528 98,395 88,632 135,484 167,273
Q3 2009 10,500 7,147 101,748 91,956 125,083 156,958
Q4 2009 13,500 12,218 103,030 63,878 124,678 163,078
Q1 2010 11,900 8,581 106,349 62,675 133,042 177,022
Q2 2010 19,500 11,521 114,328 99,334 158,113 200,451
Q3 2010 18,000 12,092 120,236 47,966 202,008 237,304
Q4 2010 17,500 17,256 120,480 57,011 210,684 244,312
Q1 2011 15,000 11,034 124,446 68,021 249,878 281,873
Q2 2011 15,400 15,267 124,579 70,145 263,467 291,790
Q3 2011 14,000 18,276 120,303 62,165 262,578 287,658
Q4 2011 13,751 21,473 112,581 75,603 241,470 278,922
 

Accruing loans past due 30-89 days increased during fourth quarter 2011, as compared to third quarter 2011, primarily due to one commercial real estate loan that was 49 days past due as of December 31, 2011 and in the process of extension.

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