The catalogue › United States › Mountain West › Montana
The state note · prepared 7 September 2026

Montana

35 banks and 41 credit unions read from their latest filings, every institution ranked against the rest of the state.

Small-business lending ↓

Banks

35 banks filing · read from the 30 June 2026 Call Report
35
banks filing
$78.1B in assets
+4.7%
Loans, year over year
median; 9 above 10%, 11 shrinking
24.3%
CRE / loans
median
75.8%
Loans / deposits
median
0.60%
NPA / loans
median
10.4%
Equity / assets
median

Montana's 35 banks hold $78.1B in assets at 30 June 2026. Glacier Bank is the largest at $31.6B, and the five largest hold 88% of the total; 7 institutions are above $1B, holding $71.1B.

Loans grew a median +4.7% in the year to 30 June 2026: 9 institutions grew faster than 10% and 11 shrank. The median bank lends 76% of its deposits and holds commercial real estate at 24.3% of loans. Nonperforming loans sit at a median 0.60% of the book, return on assets at 1.43%, and equity at 10.4% of assets.

7 of the 35 are in the catalogue, each read from its own filing beside the banks its size in the state: Glacier Bank, First Interstate Bank, Stockman Bank of Montana, Opportunity Bank of Montana, Independence Bank, Bank of Bridger N.A., Farmers State Bank.

Who holds the state's assetseach institution's share of the $78.1B the state's 35 hold; the largest first, amber in the catalogue
Glacier Bank: 40.4%GB40%First Interstate Bank: 33.0%FI33%Stockman Bank of Montana: 9.9%SB10%Opportunity Bank of Montana: 2.7%Independence Bank: 1.8%Yellowstone Bank: 1.7%Trailwest Bank: 1.4%Bank of Bridger N.A.: 1.0%Farmers State Bank: 1.0%American Bank: 0.8%25 others 6%GBGlacier Bank40.4%FIFirst Interstate Bank33.0%SBStockman Bank of Mont…9.9%OBOpportunity Bank of M…2.7%IBIndependence Bank1.8%YBYellowstone Bank1.7%TBTrailwest Bank1.4%BoBank of Bridger N.A.1.0%FSFarmers State Bank1.0%ABAmerican Bank0.8%

Glacier Bank holds 40.4% of the state's bank assets; the five largest hold 88%, and 7 of the 35 are above $1B.

How concentrated that iscumulative share of assets against the share of institutions, largest first; the Gini from the drawn curve
0%0%25%25%50%50%75%75%100%100%equal sharesThe largestGlacier Bank: 40% of the totalThe five largest88% of the totalThe ten largest94% of the totalGINI0.80 = equal shares · 1 = one holds everythingshare of institutions, largest first →↑ share of the total

The curve's distance from the diagonal is the concentration: 88% of the assets in 14% of the institutions. A Gini near zero would mean equal shares; one would mean a single holder.

What the state's banks lendthe loan book of every bank in the state, summed by category as filed
Nonfarm nonresidential, non-owner-occupied23.0%$11.4BNonfarm nonresidential, owner-occupied16.9%$8.4B1-4 family residential, closed-end15.4%$7.6BConstruction & land10.5%$5.2BCommercial & industrial8.5%$4.2BMultifamily7.1%$3.5BFarmland5.7%$2.8BHome equity lines4.3%$2.1BAgricultural production3.5%$1.7BStates & municipalities2.5%$1.2BConsumer, other1.1%$533MAuto0.8%$405MOther loans and leases0.8%$399MCredit card0.0%$10M

Nonfarm nonresidential, non-owner-occupied is the largest category at 23.0% of the state's $49.5B in loans, then Nonfarm nonresidential, owner-occupied at 16.9% and 1-4 family residential, closed-end at 15.4%.

Loans, year over yearMontana banks, 30 June 2026 against a year earlier · no better direction, largest first · the 25 highest of 34 · amber, in the catalogue
state median +4.7% CB Citizens Bank & Trust Co. +17.7% FS First State Bank of Forsyth +17.4% LH Little Horn State Bank +15.9% GB Glacier Bank +15.2% VB Valley Bank of Ronan +12.0% IB Independence Bank +11.4% FS Farmers State Bank +10.9% TB Trailwest Bank +10.7% FB Freedom Bank +10.6% EB Eagle Bank +9.5% Bo Bank of the Rockies +9.1% SB Stockman Bank of Montana +8.9% FS First Security Bank of Roundup +8.8% PS Pioneer State Bank +8.2% YB Yellowstone Bank +6.4% VB Valley Bank of Kalispell +6.0% Bo Bank of Bridger N.A. +5.0% Bo Bank of Baker +4.5% BV Belt Valley Bank +4.2% Bo Bank of Bozeman +0.8% MB Manhattan Bank +0.6% AB Ascent Bank +0.5% FS First State Bank of Shelby +0.2% PB Peoples Bank of Deer Lodge -0.3% OB Opportunity Bank of Montana -0.6%

Citizens Bank & Trust Co. grew fastest at +17.7%; 9 grew faster than 10% and 11 shrank, First Interstate Bank the most at -14.4%. The median is +4.7%.

Commercial real estate, share of loansMontana banks, 30 June 2026 · construction, multifamily and non-owner-occupied nonresidential; listed largest first · the 25 highest of 34 · amber, in the catalogue
state median 24.3% SB Stockman Bank of Montana 55.8% GB Glacier Bank 41.7% FI First Interstate Bank 41.3% OB Opportunity Bank of Montana 40.6% FM First Montana Bank Inc 35.3% AB American Bank 34.0% EB Eagle Bank 33.1% LH Little Horn State Bank 33.0% FS Farmers State Bank 32.7% FB Freedom Bank 32.6% YB Yellowstone Bank 31.8% MV Madison Valley Bank 31.4% TB Trailwest Bank 31.2% VB Valley Bank of Kalispell 26.4% MB Manhattan Bank 25.0% Bo Bank of Bozeman 24.9% AB Ascent Bank 24.3% TR Three Rivers Bank of Montana 24.2% BV Belt Valley Bank 23.3% Bo Bank of the Rockies 18.9% CB Citizens Bank & Trust Co. 18.7% VB Valley Bank of Ronan 17.8% FS First Security Bank Deer Lodge 17.6% PB Peoples Bank of Deer Lodge 16.6% Bo Bank of Baker 15.5%

Stockman Bank of Montana is the most CRE-weighted at 55.8% of loans; 4 of the 35 are above 40%, against a median of 24.3%.

Commercial real estate against capital, the 300% screenMontana banks, 30 June 2026 · the 2006 interagency guidance's screen; total risk-based capital where filed, Tier 1 for a CBLR filer; listed largest first · the 25 highest of 35 · amber, in the catalogue
state median 146% 300% screen SB Stockman Bank of Montana 349% GB Glacier Bank 267% TB Trailwest Bank 265% OB Opportunity Bank of Montana 259% LH Little Horn State Bank 251% FB Freedom Bank 249% FI First Interstate Bank 231% FS Farmers State Bank 218% AB Ascent Bank 200% FM First Montana Bank Inc 197% VB Valley Bank of Kalispell 193% AB American Bank 181% TR Three Rivers Bank of Montana 172% Bo Bank of Bozeman 164% MV Madison Valley Bank 149% FS First Security Bank Deer Lodge 147% YB Yellowstone Bank 146% Bo Bank of the Rockies 146% EB Eagle Bank 145% MB Manhattan Bank 131% BV Belt Valley Bank 128% VB Valley Bank of Ronan 123% PB Peoples Bank of Deer Lodge 116% CB Citizens Bank & Trust Co. 110% Bo Bank of Baker 77%

1 of the 35 bank sits above the 300% screen, Stockman Bank of Montana the highest at 349% of capital; the median is 146%. Crossing the screen is not a violation; it is the level at which examiners expect the risk-management practices the guidance describes.

Construction and land development against capital, the 100% screenMontana banks, 30 June 2026 · the guidance's first prong; listed largest first · the 25 highest of 35 · amber, in the catalogue
state median 56% 100% screen SB Stockman Bank of Montana 147% VB Valley Bank of Kalispell 125% BV Belt Valley Bank 98% FB Freedom Bank 94% TB Trailwest Bank 92% LH Little Horn State Bank 87% TR Three Rivers Bank of Montana 85% FS Farmers State Bank 83% GB Glacier Bank 80% Bo Bank of Bozeman 79% VB Valley Bank of Ronan 78% AB American Bank 69% Bo Bank of the Rockies 68% MV Madison Valley Bank 62% PB Peoples Bank of Deer Lodge 61% OB Opportunity Bank of Montana 59% YB Yellowstone Bank 56% FS First Security Bank Deer Lodge 56% MB Manhattan Bank 54% AB Ascent Bank 41% FM First Montana Bank Inc 40% EB Eagle Bank 38% CB Citizens Bank & Trust Co. 32% Bo Bank of Baker 26% FI First Interstate Bank 23%

2 of the 35 banks sit above the 100% construction screen, Stockman Bank of Montana the highest at 147%; the median is 56%.

Loans to depositsMontana banks, 30 June 2026 · listed highest first · the 25 highest of 35 · amber, in the catalogue
state median 76% TB Trailwest Bank 104% LH Little Horn State Bank 102% BV Belt Valley Bank 100% FB Freedom Bank 100% FS First Security Bank Deer Lodge 97% TR Three Rivers Bank of Montana 96% Bo Bank of the Rockies 93% PS Pioneer State Bank 93% IB Independence Bank 92% AB Ascent Bank 89% OB Opportunity Bank of Montana 87% GB Glacier Bank 86% SB Stockman Bank of Montana 84% Bo Bank of Bozeman 82% PB Peoples Bank of Deer Lodge 82% FS Farmers State Bank 79% VB Valley Bank of Ronan 76% CB Citizens Bank & Trust Co. 76% VB Valley Bank of Kalispell 76% FM First Montana Bank Inc 73% AB American Bank 70% YB Yellowstone Bank 67% FI First Interstate Bank 66% MB Manhattan Bank 64% FS First State Bank of Forsyth 64%

2 of the 35 lend more than they hold in deposits, Trailwest Bank the furthest at 104%; the median is 76%.

Nonperforming loans, share of loansMontana banks, 30 June 2026 · listed highest first · the 25 highest of 34 · amber, in the catalogue
state median 0.60% GC Garfield County Bank 8.42% FS First Security Bank of Roundup 5.35% BV Belt Valley Bank 3.85% CB Citizens Bank & Trust Co. 3.15% AB Ascent Bank 2.51% FS First State Bank of Malta 2.20% PB Peoples Bank of Deer Lodge 2.01% TB Trailwest Bank 1.82% FS First State Bank of Forsyth 1.69% MV Madison Valley Bank 1.27% LH Little Horn State Bank 1.15% FI First Interstate Bank 1.12% Bo Bank of the Rockies 1.06% TR Three Rivers Bank of Montana 0.93% Bo Bank of Baker 0.72% FS Farmers State Bank 0.68% SB Stockman Bank of Montana 0.60% PS Pioneer State Bank 0.59% FB Freedom Bank 0.54% Bo Bank of Bridger N.A. 0.47% IB Independence Bank 0.46% GB Glacier Bank 0.42% Bo Bank of Bozeman 0.39% MB Manhattan Bank 0.35% VB Valley Bank of Kalispell 0.35%

Garfield County Bank carries the most nonperforming loans at 8.42% of the book; 13 of the 35 are above 1%, and the median is 0.60%.

The allowance against nonperforming loansthe twenty widest gaps between the reserve and the trouble it covers, both as shares of loans · bold, in the catalogue
0.00%0.50%1.00%1.50%2.00%2.50%NPA / loansAllowance / loansEBEagle Bank+2.85%MBManhattan Bank+1.78%ABAmerican Bank+1.67%VBValley Bank of Ronan+1.27%SBStockman Bank of Montana+1.23%VBValley Bank of Kalispell+1.10%BoBank of Bozeman+1.10%BoBank of Bridger N.A.+0.98%FSFirst Security Bank Deer Lodge+0.97%FMFirst Montana Bank Inc+0.92%IBIndependence Bank+0.89%OBOpportunity Bank of Montana+0.86%GBGlacier Bank+0.79%FBFreedom Bank+0.76%BoBank of Baker+0.70%FSFarmers State Bank+0.64%PSPioneer State Bank+0.61%FSFirst State Bank of Malta+0.60%YBYellowstone Bank+0.55%FSFirst State Bank of Forsyth+0.54%

The distance between the two dots is the reserve's headroom over the loans already in trouble. 7 of the 35 hold an allowance smaller than their nonperforming loans.

Return on assetsMontana banks, 30 June 2026 · listed highest first · the 25 highest of 35 · amber, in the catalogue
state median 1.43% DT Davidson Trust Co. 3.41% Bo Bank of Montana 3.09% YB Yellowstone Bank 3.02% EB Eagle Bank 2.42% FS First Security Bank Deer Lodge 2.39% FS First Security Bank of Roundup 2.37% PB Peoples Bank of Deer Lodge 2.06% Bo Bank of the Rockies 2.01% BV Belt Valley Bank 1.99% IB Independence Bank 1.90% SB Stockman Bank of Montana 1.90% FB Freedom Bank 1.86% FS First State Bank of Forsyth 1.82% TB Trailwest Bank 1.74% VB Valley Bank of Kalispell 1.71% Bo Bank of Baker 1.49% CB Citizens Bank & Trust Co. 1.47% TR Three Rivers Bank of Montana 1.43% AB American Bank 1.38% MB Manhattan Bank 1.36% LH Little Horn State Bank 1.31% GC Garfield County Bank 1.30% FS First State Bank of Shelby 1.27% AB Ascent Bank 1.25% FI First Interstate Bank 1.21%

Davidson Trust Co. earns the most at 3.41% and Pioneer State Bank the least at -1.97%; 1 of the 35 earn under 0.50%, and the median is 1.43%.

The efficiency ratio, with the return beside itMontana banks, 30 June 2026 · cost as a share of revenue, lowest first; return on assets at the right · the 25 lowest of 35 · amber, in the catalogue
state median 56.7% Bo Bank of Montana 26.3% ROA 3.09% YB Yellowstone Bank 31.2% ROA 3.02% EB Eagle Bank 38.9% ROA 2.42% IB Independence Bank 41.7% ROA 1.90% FS First State Bank of Forsyth 43.2% ROA 1.82% LH Little Horn State Bank 44.0% ROA 1.31% BV Belt Valley Bank 48.4% ROA 1.99% FS First Security Bank of Roundup 49.6% ROA 2.37% SB Stockman Bank of Montana 50.6% ROA 1.90% CB Citizens Bank & Trust Co. 51.0% ROA 1.47% VB Valley Bank of Kalispell 51.3% ROA 1.71% TB Trailwest Bank 52.0% ROA 1.74% FS First Security Bank Deer Lodge 52.2% ROA 2.39% PB Peoples Bank of Deer Lodge 52.8% ROA 2.06% FS First State Bank of Malta 53.0% ROA 1.07% FS First State Bank of Shelby 56.1% ROA 1.27% FB Freedom Bank 56.4% ROA 1.86% GC Garfield County Bank 56.7% ROA 1.30% AB Ascent Bank 57.6% ROA 1.25% FI First Interstate Bank 59.7% ROA 1.21% GB Glacier Bank 60.5% ROA 1.20% Bo Bank of the Rockies 62.1% ROA 2.01% Bo Bank of Bridger N.A. 62.2% ROA 0.90% MB Manhattan Bank 63.1% ROA 1.36% Bo Bank of Baker 63.4% ROA 1.49%

Bank of Montana runs the leanest at 26.3% of revenue in cost; 2 of the 35 spend more than 80 cents of every revenue dollar, and the median is 56.7%.

The fifteen largest, 30 June 2026navy: the stronger half of each column; amber: the weaker; darker at the ends; bold rows are in the catalogue
InstitutionAssetsLoans YoYCRE / loansLoans / depositsNPA / loansROAEquity / assets
Glacier Bank$31.6B+15.2%41.7%86%0.42%1.20%13.7%
First Interstate Bank$25.8B-14.4%41.3%66%1.12%1.21%12.6%
Stockman Bank of Montana$7.7B+8.9%55.8%84%0.60%1.90%9.7%
Opportunity Bank of Montana$2.1B-0.6%40.6%87%0.26%0.85%11.7%
Independence Bank$1.4B+11.4%9.3%92%0.46%1.90%12.1%
Yellowstone Bank$1.3B+6.4%31.8%67%0.01%3.02%12.7%
Trailwest Bank$1.1B+10.7%31.2%104%1.82%1.74%8.5%
Bank of Bridger N.A.$803M+5.0%8.9%53%0.47%0.90%8.5%
Farmers State Bank$790M+10.9%32.7%79%0.68%0.95%6.8%
American Bank$630M-3.4%34.0%70%0.00%1.38%9.4%
First Montana Bank Inc$530M-3.1%35.3%73%0.13%1.08%9.9%
Little Horn State Bank$413M+15.9%33.0%102%1.15%1.31%10.2%
Bank of Montana$309M-4.4%10.6%27%0.00%3.09%9.6%
Three Rivers Bank of Montana$293M-7.8%24.2%96%0.93%1.43%11.5%
Manhattan Bank$287M+0.6%25.0%64%0.35%1.36%8.4%
Five years, 2021 to 2026the 35 institutions filing at both dates; dollars as growth, ratios in points
20212026Change
Loans, in total$30.0B$49.5B+65%
Deposits, in total$45.5B$63.9B+40%
NPA / loans, median0.55%0.60%+0.05 pts
Efficiency, median59.5%56.7%-2.8 pts
ROA, median1.35%1.43%+0.08 pts

Small-business lending

SBA 7(a) approvals into Montana since FY2008, across every lender type

$1.7B of 7(a) credit has been approved into Montana since FY2008 across 5,088 loans. Accommodation & food services is the largest category at 17.7%, Retail trade at 14.4%, Construction at 10.1%; the three together are 42% of the money. The heaviest losses fall in Manufacturing, at 2.38% of approvals charged off.

7(a) lenders in the state, share of approvalssince FY2008, 172 lenders on record; SBA 7(a) release as of the 2026 file; loans credited to the institution holding them today; amber, in the catalogue
GB Glacier Bank 11.4% $190M · 1,055 loans TY The Yellowstone Bank 8.3% $138M · 434 loans FI First Interstate Bank 8.2% $136M · 514 loans LO Live Oak Banking Company 6.4% $106M · 82 loans WF Wells Fargo Bank National Associa… 6.1% $101M · 426 loans SB Stockman Bank of Montana 3.9% $64M · 336 loans TR Three Rivers Bank of Montana 3.5% $58M · 162 loans Bo Bank of Bridger National Associat… 2.6% $43M · 215 loans OB Opportunity Bank of Montana 2.3% $38M · 101 loans Alaska Growth Capital Bidco, Inc. 2.3% $38M · 18 loans UB U.S. Bank, National Association 2.0% $34M · 281 loans Bo Bank of the Rockies 1.9% $32M · 61 loans
What the state's 7(a) money financeseach industry's share of approvals since FY2008, the twelve largest
Accommodation & food services19.0%$294M · 638 loansRetail trade15.4%$238M · 708 loansConstruction10.8%$167M · 738 loansManufacturing9.9%$153M · 420 loansHealth care & social assistance8.7%$134M · 410 loansOther services8.3%$128M · 418 loansProfessional & technical services6.3%$98M · 379 loansWholesale trade5.3%$82M · 220 loansReal estate & leasing4.8%$74M · 164 loansAdministrative & waste services4.0%$61M · 276 loansArts, entertainment & recreation4.0%$61M · 160 loansTransportation & warehousing3.5%$55M · 241 loans
The industries, with what defaultsapprovals, loans and charged-off dollars by industry since FY2008; a loss rate is charged-off over approved dollars, on settled and unsettled cohorts alike
IndustryApprovedLoansShareCharged offLoss rate
Accommodation & food services$294M63817.7%$3M1.18%
Retail trade$238M70814.4%$4M1.56%
Construction$167M73810.1%$1M0.88%
Manufacturing$153M4209.2%$4M2.38%
Health care & social assistance$134M4108.1%$384K0.29%
Other services$128M4187.8%$1M1.11%
Professional & technical services$98M3795.9%$848K0.87%
Wholesale trade$82M2205.0%$1M1.72%
Real estate & leasing$74M1644.4%$643K0.87%
Administrative & waste services$61M2763.7%$588K0.96%
Arts, entertainment & recreation$61M1603.7%$292K0.48%
Transportation & warehousing$55M2413.3%$1M1.92%
The largest county marketsapprovals since FY2008 and how many lenders have written there
CountyApprovedLoansLenders
Yellowstone$341M1,18458
Gallatin$299M81679
Flathead$236M62752
Missoula$151M44055
Lewis And Clark$126M47433
Cascade$62M22127
Ravalli$56M16634
Park$37M8919
Silver Bow$37M9322
Lake$36M13019

Each institution in the catalogue has its own read, prepared for its board and management from the public record. The full pack on any Montana institution, twenty sections from its own filing, is prepared on request.

Ask for a pack

Prepared 7 September 2026
Sources FFIEC Call Report and NCUA 5300 via the FDIC and NCUA; SBA 7(a) release
Cohort every institution filing in Montana

Computed from each institution's own filing as published; medians are unweighted; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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