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Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements | Following is condensed financial information of First Interstate BancSystem, Inc.
December 31, | 2020 |  | 2019
Condensed balance sheets: |  |  |
Cash and cash equivalents | $ | 123.2 |  |  | $ | 147.1 |
Investment in bank subsidiary | 1,986.6 |  |  | 1,899.3 |
Advances to subsidiaries, net | 41.0 |  |  | 48.9 |
Other assets | 61.3 |  |  | 61.7 |
Total assets | $ | 2,212.1 |  |  | $ | 2,157.0 |
Other liabilities | $ | 66.7 |  |  | $ | 56.2 |
Long-term debt | 98.6 |  |  | — |
Subordinated debentures held by subsidiary trusts | 87.0 |  |  | 86.9 |
Total liabilities | 252.3 |  |  | 143.1 |
Stockholders’ equity | 1,959.8 |  |  | 2,013.9 |
Total liabilities and stockholders’ equity | $ | 2,212.1 |  |  | $ | 2,157.0 |
Years Ended December 31, | 2020 |  | 2019 |  | 2018
Condensed statements of income: |  |  |  |  |
Dividends from subsidiaries | $ | 130.0 |  |  | $ | 178.0 |  |  | $ | 148.5 |
Other interest income | 0.1 |  |  | 0.3 |  |  | 0.1 |
Other income, primarily management fees from subsidiaries | 28.7 |  |  | 25.9 |  |  | 17.0 |
Total income | 158.8 |  |  | 204.2 |  |  | 165.6 |
Salaries and benefits | 31.5 |  |  | 34.2 |  |  | 25.3 |
Interest expense | 6.6 |  |  | 4.7 |  |  | 4.5 |
Acquisition expenses | — |  |  | 17.0 |  |  | 8.1 |
Other operating expenses, net | 15.6 |  |  | 14.8 |  |  | 14.5 |
Total expenses | 53.7 |  |  | 70.7 |  |  | 52.4 |
Earnings before income tax benefit | 105.1 |  |  | 133.5 |  |  | 113.2 |
Income tax benefit | (6.1) |  |  | (11.9) |  |  | (9.3) |
Income before undistributed earnings of subsidiaries | 111.2 |  |  | 145.4 |  |  | 122.5 |
Undistributed earnings of subsidiaries | 50.0 |  |  | 35.6 |  |  | 37.7 |
Net income | $ | 161.2 |  |  | $ | 181.0 |  |  | $ | 160.2 |
Years Ended December 31, | 2020 |  | 2019 |  | 2018
Condensed statements of cash flows: |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 161.2 |  |  | $ | 181.0 |  |  | $ | 160.2 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |
Undistributed earnings of subsidiaries | (50.0) |  |  | (35.6) |  |  | (37.7) |
Stock-based compensation expense | 7.5 |  |  | 8.0 |  |  | 5.6 |
Other, net | (13.6) |  |  | 8.1 |  |  | 16.4 |
Net cash provided by operating activities | 105.1 |  |  | 161.5 |  |  | 144.5 |
Cash flows from investing activities: |  |  |  |  |
Acquisition of bank holding company, net of cash and cash equivalents received | — |  |  | — |  |  | (14.7) |
Net cash used in investing activities | — |  |  | — |  |  | (14.7) |
Years Ended December 31, | 2020 |  | 2019 |  | 2018
Cash flows from financing activities: |  |  |  |  |
Net (decrease) increase in advances from subsidiaries | 16.7 |  |  | (6.6) |  |  | (9.9) |
Proceeds from issuance of long-term debt | 98.6 |  |  | — |  |  | — |
Repayment of long-term debt | — |  |  | — |  |  | (26.0) |
Proceeds from issuance of common stock, net of stock issuance costs | 1.1 |  |  | 1.0 |  |  | 1.8 |
Purchase and retirement of common stock | (116.8) |  |  | (2.5) |  |  | (1.0) |
Dividends paid to common stockholders | (128.6) |  |  | (79.2) |  |  | (64.1) |
Net cash used in financing activities | (129.0) |  |  | (87.3) |  |  | (99.2) |
Net change in cash and cash equivalents | (23.9) |  |  | 74.2 |  |  | 30.6 |
Cash and cash equivalents, beginning of year | 147.1 |  |  | 72.9 |  |  | 42.3 |
Cash and cash equivalents, end of year | $ | 123.2 |  |  | $ | 147.1 |  |  | $ | 72.9 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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