There are a total of 51 banks currently operating in the state of Montana that are also insured by the federal deposit insurance corporation. Of this amount, 40 of these banks are headquartered in the state and therefore can be considered Montana-based banks. Banks operating within the state had in total $58 billion of assets, $49 billion of deposits and $31 billion of loans outstanding as of this writing. Overall and in aggregate residential mortgages made up 9% of the assets managed by banks in Montana. Further, these banks also currently employ in total 7,920 people within the state, which represents 0.7% of the population.

Density of Banks in Montana

There are a total of 375 bank branches located within the state of Montana. This works out to a ratio of approximately 3.5 branches per 10,000 people in Montana.  Comparing the banks in Montana to banks operating in other states on this measure, Montana ranks 11st out of 52 states and territories in terms of branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in Montana had on average 0.3 branches per 100 square miles. As a result, Montana ranks 50th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in Montana

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  • Net Interest Margin – banks in the state of Montana are on average above the average bank’s net interest margin in the United States. This is for FDIC-insured banks only. Overall, the net interest margin for banks in Montana is ranked 16th out of the 52 states and main territories in the United States.
  • Return on Assets – in terms of this important return metric, banks in this state are on average higher than the national average. Altogether the Return on Assets for the banks in Montana is ranked 15th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Montana is ranked 20th out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in Montana are ranked 36th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Montana are ranked 9th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in the state of Montana

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Based on the latest available data, Glacier Bank is the largest bank operating in Montana based on its deposit share. Glacier Bank currently has a 21% share of deposits within the state. Below is summary information on the top 5 largest banks in Montana.

Glacier Bank

Glacier Bank currently has the largest share of deposits within the state and has $7.2 billion of deposits. In addition to this the bank also has 66 offices within the state, which represents 36% of its total domestic offices.

Main Office Address: 49 Commons Loop Kalispell, MT 59901

Website: www.glacierbank.com

First Interstate Bank

First Interstate Bank currently has the second largest share of deposits within the state and has $6.0 billion of deposits. The bank also has 46 offices within the state, which represents 31% of its total domestic offices.

Main Office Address: 401 N. 31st St. Billings, MT 59101

Website: www.firstinterstatebank.com

Stockman Bank of Montana

Stockman Bank of Montana currently has the third largest share of deposits within the state and has $4.3 billion of deposits. The bank also has 39 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 700 Main St. Miles City, MT 59301

Website: www.stockmanbank.com

Wells Fargo Bank

Wells Fargo Bank currently has the fourth largest share of deposits within the state and has $3.4 billion of deposits. Further, the bank also has 27 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 101 N. Phillips Ave. Sioux Falls, SD 57104

Website: www.wellsfargo.com

U.S. Bank 

U.S. Bank  currently has the fifth largest share of deposits within the state and has $3.2 billion of deposits. In addition, the bank also has 21 offices within the state, which represents 1% of its total domestic offices.

Main Office Address: 425 Walnut St. Cincinnati, OH 45202

Website: www.usbank.com