Concept bottleneck models~(CBM) aim to improve model interpretability by predicting human level ``concepts" in a bottleneck within a deep learning model architecture. However, how the predicted concepts are used in predicting the target still either remains black-box or is simplified to maintain interpretability at the cost of prediction performance. We propose to use Fast Interpretable Greedy Sum-Trees~(FIGS) to obtain Binary Distillation~(BD). This new method, called FIGS-BD, distills a binary-augmented concept-to-target portion of the CBM into an interpretable tree-based model, while mimicking the competitive prediction performance of the CBM teacher. FIGS-BD can be used in downstream tasks to explain and decompose CBM predictions into interpretable binary-concept-interaction attributions and guide adaptive test-time intervention. Across $4$ datasets, we demonstrate that adaptive test-time intervention identifies key concepts that significantly improve performance for realistic human-in-the-loop settings that allow for limited concept interventions.