This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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

LIABILITIES

(Unaudited; $ in thousands)

     

December 31,2011

     

September 30,2011

     

December 31,2010

     

SequentialQuarter% Change

     

Year OverYear% Change

Deposits $ 5,826,971 $ 5,851,319 $ 5,925,713 -0.4 % -1.7 %
Securities sold under repurchase agreements 516,243 475,522 620,154 8.6 % -16.8 %
Accounts payable and accrued expenses 42,248 37,266 38,915 13.4 % 8.6 %
Accrued interest payable 8,123 8,786 13,178 -7.5 % -38.4 %
Long-term debt 37,200 37,469 37,502 -0.7 % -0.8 %
Other borrowed funds 7 5,122 4,991 -99.9 % -99.9 %
Subordinated debentures held by subsidiary trusts 123,715   123,715   123,715   0.0 % 0.0 %
Total liabilities $ 6,554,507   $ 6,539,199   $ 6,764,168   0.2 % -3.1 %
 

DEPOSITS

(Unaudited; $ in thousands)

     

December 31,2011

     

September 30,2011

     

December 31,2010

     

SequentialQuarter% Change

     

Year OverYear% Change

Non-interest bearing demand $ 1,271,709 $ 1,243,703 $ 1,063,869 2.3 % 19.5 %
Interest bearing:
Demand 1,306,509 1,308,122 1,218,078 -0.1 % 7.3 %
Savings 1,691,413 1,662,602 1,718,521 1.7 % -1.6 %
Time, $100 and over 681,047 704,518 908,044 -3.3 % -25.0 %
Time, other 876,293   932,374   1,017,201   -6.0 % -13.9 %
Total interest bearing 4,555,262   4,607,616   4,861,844   -1.1 % -6.3 %
Total deposits $ 5,826,971   $ 5,851,319   $ 5,925,713   -0.4 % -1.7 %

Deposits decreased slightly as of December 31, 2011, as compared to September 30, 2011 and December 31, 2010. During fourth quarter 2011, the Company continued to experience a shift in the mix of deposits away from higher-costing time deposits to lower-costing demand deposits.

9 of 17

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs