First International Bank & Trust
Watford City, North Dakota, Mckenzie County
$6.2B in total assets, the 250th largest of 4,309 US banks and 3rd of 60 headquartered in North Dakota.
- FDIC certificate
- 10248
- Established
- 1910
- Owned by
- Watford City Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.fibt.com
At a glance
Compared with 11 banks headquartered in North Dakota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $6.2B | 91% | $2.4B | |
| Loans | $5.0B | 98% | $1.9B | |
| Deposits | $5.5B | 98% | $2.0B | |
| Return on assets | 1.37% | 73% | 1.27% | |
| Net interest margin | 4.06% | 82% | 3.70% | |
| Efficiency ratio | 70.4% | 91% | 61.4% | |
| Equity to assets | 8.38% | 9% | 10.45% | |
| Loans to deposits | 91% | 54% | 83% |
Growth
Total assets grew 7.2% a year over the last 5 years and 10.8% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2008 | First Integrity Bank, National Association Staples, MN | $53M |
| Mar 2006 | Farmers State Bank Elgin, ND | $30M |
| Nov 2000 | First International Bank & Trust Scottsdale, AZ, an affiliate under the same holding company | $81M |
| Dec 1993 | First International Bank & Trust, National Association Fessenden, ND | $61M |
| Sep 1990 | Midwest Federal Savings Bank of Minot Minot, ND | $535M |
Where they operate
28 branches in 17 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cass County, ND | $1.4B | 12.3% | 2 of 28 |
| Mckenzie County, ND | $1.0B | 73.6% | 1 of 3 |
| Maricopa County, AZ | $717M | 0.4% | 17 of 55 |
| Ward County, ND | $533M | 15.4% | 2 of 11 |
| Williams County, ND | $465M | 22.1% | 2 of 6 |
| Burleigh County, ND | $339M | 6.1% | 9 of 16 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 3 branches since 2016 (25 to 28, +12.0%). 9 opened, 0 acquired, 6 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2016 | Opened Watford City | 1 | 0 | +1 | 26 |
| 2017 | Opened Grand ForksClosed Grand Forks | 2 | 1 | +1 | 27 |
| 2019 | Opened Chandler | 1 | 0 | +1 | 28 |
| 2021 | Opened 3 in 2 states | 3 | 0 | +3 | 31 |
| 2022 | Opened Mandan | 1 | 0 | +1 | 32 |
| 2023 | Opened MoorheadClosed 5 in 3 states | 1 | 5 | −4 | 28 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 28% | 25% | |
| Business (C&I) | 23% | 16% | |
| 1-4 family residential | 17% | 18% | |
| Construction and land | 11% | 5% | |
| Multifamily | 7% | 8% | |
| Farmland | 6% | 9% | |
| Agricultural | 6% | 11% | |
| Consumer | 1% | 5% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 59% | 58% | |
| Noninterest-bearing | 25% | 16% | |
| Time deposits | 16% | 26% |
Brokered deposits are 0.1% of deposits (peers 4.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.54% | 0.79% |
| Net charge-offs, annualized | 0.20% | 0.13% |
| Reserves to loans | 1.04% | 1.17% |
| Leverage ratio | 9.06% | 9.63% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Cass County, ND
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/first-international