First International Bank & Trust
First International Bank & Trust (FIBT) is a full-service, family-owned independent community bank founded in 1910, headquartered in Watford City, North Dakota. The institution grew from its origins as Farmers State Bank serving Arnegard, ND, into a regional organization with branches across North Dakota, South Dakota, Minnesota, and Arizona. As of 2025, FIBT has over 100 years of experience and is led by Peter Stenehjem (CEO). The bank offers personal and business banking, loans, asset management, trust services, mineral management, and retirement solutions. Its focus is on relationship-driven banking to consumers, businesses, and landowners, maintaining a reputation for prudent lending and sound financial management.
Investment Strategy
First International Bank & Trust employs a conservative, relationship-driven approach to asset and portfolio management, emphasizing diversification and long-term financial stability for its clients. The institution’s strategy blends traditional community banking with specialized services such as mineral management, personal and estate trusts, retirement solutions, and investment advisory for individuals and businesses. Investment allocations cover ETFs, fixed-income, equities, and real assets, reflecting a commitment to prudent risk management and tailoring financial solutions to client needs.
Latest 13F Filing Activity
First International Bank & Trust filed their most recent 13F report on Sep 30, 2025 disclosing 56 equity positions with a total 13F market value of $288M. The fund increased holdings in State Street SPDR S&P 500 Index, Wisdomtree Japan Hedged Equity Fund, Blackrock Ishares Us Small-cap Equity Factor among other positions. First International Bank & Trust reduced exposure to Anfield Capital Universal Fixed Income, Abrdn Platinum Etf Trust, Blackrock Ishares 1-5 Year Investment Grade among others.
Top Holdings
Equity Positions (56)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AFIF | ANFIELD CAPITAL UNIVERSAL FIXED INCOME | 24.83% | $71.4M | 7,608,507 | $9.46 | $9.39 | -$1.4M |
S SPHQ | INVESCO EXCHANGE TRADED FD TR | 14.27% | $41.1M | 560,123 | $71.26 | $73.29 | +$477.8K |
R RLY | STATE STREET SPDR MULTI-ASSET REAL RETURN | 8.34% | $24.0M | 776,930 | $27.93 | $30.88 | +$574.2K |
S SPY | STATE STREET SPDR S&P 500 INDEX | 6.78% | $19.5M | 29,273 | $477.32 | $666.18 | +$1.2M |
D DXJ | WisdomTree Japan Hedged Equity Fund | 6.35% | $18.3M | 142,667 | $98.53 | $128.03 | +$1.2M |