Dubuque Bank & Trust 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	234,921	2,235	SH		DFND		2,220	0	15
3M Co	COM	88579Y101	1,505,596	14,324	SH		SOLE		14,324	0	0
ADAMS EXPRESS COMPANY	COM	006212104	31,551	2,029	SH		DFND		2,029	0	0
ADAMS EXPRESS COMPANY	COM	006212104	7,094,890	456,263	SH		SOLE		456,263	0	0
ALPHABET INC	CAP STK CL A	02079K305	201,132	1,939	SH		DFND		1,899	0	40
ALPHABET INC	CAP STK CL A	02079K305	10,331,404	99,599	SH		SOLE		93,309	0	6,290
ALTRIA GROUP INC	COM	02209S103	212,927	4,772	SH		SOLE		4,772	0	0
AMBEV SA	SPONSORED ADR	02319V103	46,753	16,579	SH		SOLE		16,579	0	0
AMER EXPRESS CO	COM	025816109	285,364	1,730	SH		DFND		1,730	0	0
AMER EXPRESS CO	COM	025816109	744,254	4,512	SH		SOLE		4,512	0	0
ANALOG DEVICES INC	COM	032654105	3,353	17	SH		DFND		0	0	17
ANALOG DEVICES INC	COM	032654105	405,879	2,058	SH		SOLE		2,058	0	0
APPLIED MATERIALS	COM	038222105	599,042	4,877	SH		SOLE		4,877	0	0
ASE Technology Holding Co Ltd	SPONSORED ADS	00215W100	119,183	14,954	SH		SOLE		14,954	0	0
AT&T INC	COM	00206R102	452,375	23,500	SH		DFND		23,500	0	0
AT&T INC	COM	00206R102	275,429	14,308	SH		SOLE		14,308	0	0
AVERY DENNISON CORP	COM	053611109	262,132	1,465	SH		SOLE		1,465	0	0
AbbVie Inc	COM	00287Y109	56,576	355	SH		DFND		305	0	50
AbbVie Inc	COM	00287Y109	5,706,402	35,806	SH		SOLE		34,075	0	1,731
Abbott Laboratories	COM	002824100	5,873	58	SH		DFND		58	0	0
Abbott Laboratories	COM	002824100	2,148,737	21,220	SH		SOLE		18,851	0	2,369
Accenture PLC	SHS CLASS A	G1151C101	320,393	1,121	SH		SOLE		1,121	0	0
Activision Blizzard Inc	COM	00507V109	3,081	36	SH		DFND		0	0	36
Activision Blizzard Inc	COM	00507V109	209,439	2,447	SH		SOLE		2,447	0	0
Adobe Inc	COM	00724F101	403,482	1,047	SH		SOLE		1,047	0	0
Agree Realty Corp	COM	008492100	3,156	46	SH		DFND		46	0	0
Agree Realty Corp	COM	008492100	757,592	11,042	SH		SOLE		11,042	0	0
Air Products and Chemicals Inc	COM	009158106	206,504	719	SH		SOLE		719	0	0
Alliant Energy Corp	COM	018802108	48,060	900	SH		DFND		900	0	0
Alliant Energy Corp	COM	018802108	270,650	5,068	SH		SOLE		5,068	0	0
Alphabet Inc	CAP STK CL C	02079K107	31,200	300	SH		DFND		300	0	0
Alphabet Inc	CAP STK CL C	02079K107	1,702,376	16,369	SH		SOLE		16,369	0	0
Amazon.com Inc	COM	023135106	64,143	621	SH		DFND		621	0	0
Amazon.com Inc	COM	023135106	6,779,542	65,636	SH		SOLE		63,455	0	2,181
American Electric Power Co Inc	COM	025537101	36,396	400	SH		DFND		400	0	0
American Electric Power Co Inc	COM	025537101	289,894	3,186	SH		SOLE		3,186	0	0
Americas Gold & Silver Corp	COM	03062D100	9,600	20,000	SH		SOLE		20,000	0	0
Amgen Inc	COM	031162100	79,778	330	SH		DFND		317	0	13
Amgen Inc	COM	031162100	7,958,652	32,921	SH		SOLE		30,884	0	2,037
Apple Inc	COM	037833100	334,912	2,031	SH		DFND		1,654	0	377
Apple Inc	COM	037833100	21,965,834	133,207	SH		SOLE		128,730	0	4,477
Aptiv PLC	SHS	G6095L109	211,366	1,884	SH		SOLE		1,884	0	0
Archer-Daniels-Midland Co	COM	039483102	306,133	3,843	SH		SOLE		3,843	0	0
BK OF AMERICA CORP	COM	060505104	106,335	3,718	SH		DFND		3,550	0	168
BK OF AMERICA CORP	COM	060505104	341,398	11,937	SH		SOLE		11,937	0	0
BLACKSTONE SECD LN	COMMON STOCK	09261X102	12,490	501	SH		DFND		501	0	0
BLACKSTONE SECD LN	COMMON STOCK	09261X102	2,879,639	115,509	SH		SOLE		115,509	0	0
BOEING CO	COM	097023105	448,865	2,113	SH		SOLE		2,079	0	34
BRISTOL-MYRS SQUIB	COM	110122108	3,812	55	SH		DFND		0	0	55
BRISTOL-MYRS SQUIB	COM	110122108	736,904	10,632	SH		SOLE		10,632	0	0
BUNGE LIMITED	COM	G16962105	319,514	3,345	SH		SOLE		3,345	0	0
Banco Bradesco SA	SP ADR PFD NEW	059460303	26,656	10,174	SH		SOLE		10,174	0	0
Berkshire Hathaway Inc	CL B NEW	084670702	42,301	137	SH		DFND		137	0	0
Berkshire Hathaway Inc	CL B NEW	084670702	6,263,091	20,284	SH		SOLE		20,284	0	0
Black Hills Corp	COM	092113109	16,154	256	SH		DFND		256	0	0
Black Hills Corp	COM	092113109	4,255,464	67,440	SH		SOLE		61,693	0	5,747
BlackRock Fund Advisors	MSCI EAFE ETF	464287465	463,307	6,478	SH		SOLE		6,478	0	0
BlackRock Fund Advisors	RUS MID CAP ETF	464287499	415,535	5,943	SH		SOLE		5,943	0	0
BlackRock Fund Advisors	CORE S&P MCP ETF	464287507	53,784	215	SH		DFND		0	0	215
BlackRock Fund Advisors	CORE S&P MCP ETF	464287507	555,856	2,222	SH		SOLE		2,222	0	0
BlackRock Fund Advisors	S&P MC 400GR ETF	464287606	328,445	4,593	SH		SOLE		4,593	0	0
BlackRock Fund Advisors	RUS 1000 ETF	464287622	362,170	1,608	SH		SOLE		1,608	0	0
BlackRock Fund Advisors	RUSSELL 3000 ETF	464287689	2,920,967	12,408	SH		SOLE		12,408	0	0
BlackRock Fund Advisors	S&P MC 400VL ETF	464287705	601,410	5,852	SH		SOLE		5,852	0	0
BlackRock Fund Advisors	CORE S&P SCP ETF	464287804	699,528	7,234	SH		SOLE		7,234	0	0
BlackRock Fund Advisors	SHRT NAT MUN ETF	464288158	2,481,963	23,710	SH		SOLE		23,710	0	0
BlackRock Fund Advisors	GLB INFRASTR ETF	464288372	29,431	617	SH		DFND		617	0	0
BlackRock Fund Advisors	GLB INFRASTR ETF	464288372	4,894,736	102,615	SH		SOLE		101,807	0	808
BlackRock Fund Advisors	MBS ETF	464288588	30,693	324	SH		DFND		324	0	0
BlackRock Fund Advisors	MBS ETF	464288588	6,844,148	72,249	SH		SOLE		66,933	0	5,316
BlackRock Fund Advisors	PFD AND INCM SEC	464288687	265,214	8,495	SH		SOLE		8,495	0	0
BlackRock Fund Advisors	EAFE GRWTH ETF	464288885	650,889	6,948	SH		DFND		6,948	0	0
BlackRock Fund Advisors	EAFE GRWTH ETF	464288885	30,384,265	324,341	SH		SOLE		311,971	0	12,370
BlackRock Fund Advisors	MSCI USA MIN VOL	46429B697	2,144,084	29,476	SH		SOLE		29,476	0	0
BlackRock Fund Advisors	CORE MSCI EMKT	46434G103	2,342	48	SH		DFND		48	0	0
BlackRock Fund Advisors	CORE MSCI EMKT	46434G103	261,075	5,351	SH		SOLE		5,351	0	0
BlackRock Inc	COM	09247X101	56,206	84	SH		DFND		84	0	0
BlackRock Inc	COM	09247X101	5,595,181	8,362	SH		SOLE		7,848	0	514
Boston Scientific Corp	COM	101137107	255,753	5,112	SH		SOLE		5,112	0	0
Broadcom Inc	COM	11135F101	88,533	138	SH		DFND		138	0	0
Broadcom Inc	COM	11135F101	8,229,034	12,827	SH		SOLE		12,105	0	722
Brunswick Corp/DE	COM	117043109	221,646	2,703	SH		SOLE		2,703	0	0
CDN NATL RAILWAYS	COM	136375102	249,625	2,116	SH		SOLE		2,116	0	0
CISCO SYSTEMS	COM	17275R102	80,033	1,531	SH		DFND		1,404	0	127
CISCO SYSTEMS	COM	17275R102	7,666,914	146,665	SH		SOLE		137,517	0	9,148
COLGATE-PALMOLIVE	COM	194162103	315,630	4,200	SH		SOLE		4,200	0	0
CONOCOPHILLIPS	COM	20825C104	19,941	201	SH		DFND		201	0	0
CONOCOPHILLIPS	COM	20825C104	816,300	8,228	SH		SOLE		8,228	0	0
CREDIT SUISSE AG/NASSAU	X LINK SILVER	22542D225	812,775	9,996	SH		SOLE		9,996	0	0
CVS Health Corp	COM	126650100	6,688	90	SH		DFND		0	0	90
CVS Health Corp	COM	126650100	319,236	4,296	SH		SOLE		4,296	0	0
Caterpillar Inc	COM	149123101	346,464	1,514	SH		SOLE		1,514	0	0
Charles Schwab Investment Management Inc	US BRD MKT ETF	808524102	303,082	6,334	SH		SOLE		6,334	0	0
Chevron Corp	COM	166764100	451,953	2,770	SH		DFND		2,744	0	26
Chevron Corp	COM	166764100	6,861,367	42,053	SH		SOLE		40,215	0	1,838
Coca-Cola Co/The	COM	191216100	27,231	439	SH		DFND		439	0	0
Coca-Cola Co/The	COM	191216100	3,793,197	61,151	SH		SOLE		52,696	0	8,455
Comcast Corp	CL A	20030N101	626,501	16,526	SH		SOLE		16,526	0	0
Costco Wholesale Corp	COM	22160K105	75,027	151	SH		DFND		151	0	0
Costco Wholesale Corp	COM	22160K105	4,717,284	9,494	SH		SOLE		9,494	0	0
DEERE & CO	COM	244199105	610,650	1,479	SH		SOLE		1,479	0	0
DIAGEO	SPON ADR NEW	25243Q205	311,992	1,722	SH		SOLE		1,722	0	0
DUKE ENERGY CORP	COM NEW	26441C204	43,508	451	SH		DFND		451	0	0
DUKE ENERGY CORP	COM NEW	26441C204	255,453	2,648	SH		SOLE		2,648	0	0
Danaher Corp	COM	235851102	627,580	2,490	SH		SOLE		2,490	0	0
Denison Mines Corp	COM	248356107	400,030	367,000	SH		SOLE		367,000	0	0
Duff & Phelps Closed-End Funds	COM	23325P104	165,399	15,009	SH		SOLE		15,009	0	0
ETF Managers Group LLC	PRIME JUNIR SLVR	26924G102	815,474	73,334	SH		SOLE		73,334	0	0
Eli Lilly & Co	COM	532457108	474,263	1,381	SH		SOLE		1,381	0	0
Endeavour Silver Corp	COM	29258Y103	128,040	33,000	SH		SOLE		33,000	0	0
Energy Fuels Inc/Canada	COM NEW	292671708	72,540	13,000	SH		SOLE		13,000	0	0
Energy Transfer LP	COM UT LTD PTN	29273V100	225,096	18,051	SH		SOLE		18,051	0	0
Exxon Mobil Corp	COM	30231G102	1,106,908	10,094	SH		DFND		10,042	0	52
Exxon Mobil Corp	COM	30231G102	2,189,910	19,970	SH		SOLE		19,905	0	65
FACEBOOK INC	CL A	30303M102	366,868	1,731	SH		SOLE		1,731	0	0
FLEXSHARES TR	MORNSTAR USMKT	33939L100	475,382	3,031	SH		SOLE		3,031	0	0
First Horizon Corp	COM	320517105	25,621	1,441	SH		DFND		1,441	0	0
First Horizon Corp	COM	320517105	2,809,542	158,017	SH		SOLE		145,533	0	12,484
First Majestic Silver Corp	COM	32076V103	223,510	31,000	SH		SOLE		31,000	0	0
First Trust ETFs/USA	TCW OPPORTUNIS	33740F805	390,805	8,673	SH		SOLE		8,673	0	0
Fortinet Inc	COM	34959E109	218,454	3,287	SH		SOLE		3,287	0	0
Fortuna Silver Mines Inc	COM	349915108	110,780	29,000	SH		SOLE		29,000	0	0
Franklin LibertyShares ETFs/US	US LOW VOLATILIT	35473P504	306,081	6,494	SH		DFND		6,494	0	0
Franklin LibertyShares ETFs/US	US LOW VOLATILIT	35473P504	11,202,783	237,685	SH		SOLE		235,519	0	2,166
GENERAL MILLS INC	COM	370334104	431,915	5,054	SH		SOLE		5,054	0	0
GOLDMAN SACHS GRP	COM	38141G104	33,038	101	SH		DFND		101	0	0
GOLDMAN SACHS GRP	COM	38141G104	3,086,610	9,436	SH		SOLE		9,436	0	0
General Electric Co	COM NEW	369604301	25,047	262	SH		DFND		262	0	0
General Electric Co	COM NEW	369604301	252,193	2,638	SH		SOLE		2,575	0	63
Gilead Sciences Inc	COM	375558103	232,897	2,807	SH		SOLE		2,807	0	0
HUMANA INC	COM	444859102	416,039	857	SH		SOLE		837	0	20
Heartland Financial USA Inc	COM	42234Q102	5,442,287	141,874	SH		DFND		0	0	141,874
Heartland Financial USA Inc	COM	42234Q102	57,507,874	1,499,163	SH		SOLE		1,862	0	1,497,301
Home Depot Inc/The	COM	437076102	13,576	46	SH		DFND		46	0	0
Home Depot Inc/The	COM	437076102	4,219,626	14,298	SH		SOLE		12,550	0	1,748
Honeywell International Inc	COM	438516106	1,090,340	5,705	SH		SOLE		5,705	0	0
Hubbell Inc	COM	443510607	729,930	3,000	SH		SOLE		3,000	0	0
INDEXIQ ETF TRUST/USA	HEDGE MLTI ETF	45409B107	367,929	12,596	SH		DFND		12,596	0	0
INDEXIQ ETF TRUST/USA	HEDGE MLTI ETF	45409B107	15,748,922	539,162	SH		SOLE		536,556	0	2,606
ING Groep NV	SPONSORED ADR	456837103	3,658,322	308,199	SH		DFND		308,199	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	288,675	2,768	SH		SOLE		2,768	0	0
INTL BUSINESS MCHN	COM	459200101	1,528,772	11,662	SH		SOLE		11,562	0	100
ISHARES	CORE S&P500 ETF	464287200	352,296	857	SH		DFND		857	0	0
ISHARES	CORE S&P500 ETF	464287200	4,937,482	12,011	SH		SOLE		12,011	0	0
ISHARES	S&P 500 GRWT ETF	464287309	514,251	8,049	SH		SOLE		8,049	0	0
ISHARES	RUSSELL 2000 ETF	464287655	3,925	22	SH		DFND		0	0	22
ISHARES	RUSSELL 2000 ETF	464287655	646,700	3,625	SH		SOLE		3,625	0	0
ISHARES	EAFE VALUE ETF	464288877	623,077	12,839	SH		DFND		12,839	0	0
ISHARES	EAFE VALUE ETF	464288877	29,415,489	606,130	SH		SOLE		583,250	0	22,880
ISHARES TRUST	1 3 YR TREAS BD	464287457	162,759	1,981	SH		DFND		1,981	0	0
ISHARES TRUST	1 3 YR TREAS BD	464287457	14,402,977	175,304	SH		SOLE		158,774	0	16,530
ISHARES/USA	RUS 1000 GRW ETF	464287614	228,937	937	SH		SOLE		937	0	0
ISHARES/USA	NATIONAL MUN ETF	464288414	648,595	6,020	SH		SOLE		6,020	0	0
Industrial Logistics Propertie	COM SHS BEN INT	456237106	3,449,338	1,123,563	SH		SOLE		1,123,563	0	0
Intel Corp	COM	458140100	1,797	55	SH		DFND		0	0	55
Intel Corp	COM	458140100	571,856	17,504	SH		SOLE		17,504	0	0
Invesco Capital Management LLC	DIVID ACHIEVEV	46137V506	585,600	16,000	SH		SOLE		16,000	0	0
Invesco Capital Management LLC	INTL DIVI ACHI	46137V548	260,318	14,600	SH		SOLE		14,600	0	0
Invesco Capital Management LLC	S&P INTL LOW	46138E230	95,322	3,484	SH		DFND		3,484	0	0
Invesco Capital Management LLC	S&P INTL LOW	46138E230	6,069,515	221,839	SH		SOLE		220,727	0	1,112
Invesco Capital Management LLC	TREAS COLATERL	46138G888	21,423	203	SH		DFND		203	0	0
Invesco Capital Management LLC	TREAS COLATERL	46138G888	3,559,738	33,732	SH		SOLE		32,781	0	951
Itau Unibanco Holding SA	SPON ADR REP PFD	465562106	49,781	10,222	SH		SOLE		10,222	0	0
JP Morgan ETFs/USA	EQUITY PREMIUM	46641Q332	489,817	8,971	SH		DFND		8,971	0	0
JP Morgan ETFs/USA	EQUITY PREMIUM	46641Q332	14,265,670	261,276	SH		SOLE		255,719	0	5,557
JP Morgan ETFs/USA	ULTRA SHT MUNCPL	46641Q654	1,558,999	30,695	SH		SOLE		30,695	0	0
JP Morgan ETFs/USA	INTL BD OPP ETF	46641Q852	1,021,508	21,569	SH		SOLE		21,569	0	0
JPMorgan Chase & Co	COM	46625H100	127,834	981	SH		DFND		935	0	46
JPMorgan Chase & Co	COM	46625H100	7,310,130	56,098	SH		SOLE		53,058	0	3,040
Johnson & Johnson	COM	478160104	79,205	511	SH		DFND		476	0	35
Johnson & Johnson	COM	478160104	9,024,410	58,222	SH		SOLE		55,194	0	3,028
KIMBERLY-CLARK CP	COM	494368103	71,808	535	SH		DFND		500	0	35
KIMBERLY-CLARK CP	COM	494368103	299,176	2,229	SH		SOLE		2,229	0	0
KRAFT FOODS INC	CL A	609207105	677,469	9,717	SH		SOLE		9,717	0	0
LOWE'S COS INC	COM	548661107	76,589	383	SH		DFND		368	0	15
LOWE'S COS INC	COM	548661107	5,645,753	28,233	SH		SOLE		28,233	0	0
MAG Silver Corp	COM	55903Q104	354,760	28,000	SH		SOLE		28,000	0	0
MASTERCARD INC	CL A	57636Q104	462,258	1,272	SH		SOLE		1,272	0	0
MCDONALD'S CORP	COM	580135101	11,744	42	SH		DFND		42	0	0
MCDONALD'S CORP	COM	580135101	4,469,007	15,983	SH		SOLE		14,282	0	1,701
MCKESSON CORP	COM	58155Q103	247,455	695	SH		SOLE		695	0	0
MICROSOFT CORP	COM	594918104	116,762	405	SH		DFND		377	0	28
MICROSOFT CORP	COM	594918104	17,261,963	59,875	SH		SOLE		57,259	0	2,616
MOODYS CORP	COM	615369105	379,465	1,240	SH		SOLE		1,240	0	0
MORGAN STANLEY	COM NEW	617446448	8,078	92	SH		DFND		92	0	0
MORGAN STANLEY	COM NEW	617446448	2,335,129	26,596	SH		SOLE		23,470	0	3,126
Medtronic PLC	SHS	G5960L103	58,933	731	SH		DFND		731	0	0
Medtronic PLC	SHS	G5960L103	5,594,222	69,390	SH		SOLE		64,359	0	5,031
Merck & Co Inc	COM	58933Y105	14,682	138	SH		DFND		100	0	38
Merck & Co Inc	COM	58933Y105	829,523	7,797	SH		SOLE		7,697	0	100
MetLife Inc	COM	59156R108	283,385	4,891	SH		SOLE		4,891	0	0
Metalla Royalty & Streaming Lt	COM NEW	59124U605	89,440	16,000	SH		SOLE		16,000	0	0
NEXTERA ENERGY	COM	65339F101	231,240	3,000	SH		DFND		3,000	0	0
NEXTERA ENERGY	COM	65339F101	493,004	6,396	SH		SOLE		6,396	0	0
NIKE INC	CL B	654106103	483,079	3,939	SH		SOLE		3,939	0	0
NORDIC AMER TANKER	COM	G65773106	199,980	50,500	SH		SOLE		50,500	0	0
NORTHROP GRUMMAN	COM	666807102	284,420	616	SH		SOLE		616	0	0
NUSCALE POWER CORP	CL A COM	67079K100	127,260	14,000	SH		SOLE		14,000	0	0
NexGen Energy Ltd	COM	65340P106	399,952	104,426	SH		SOLE		104,426	0	0
Norfolk Southern Corp	COM	655844108	275,600	1,300	SH		DFND		1,300	0	0
Norfolk Southern Corp	COM	655844108	239,984	1,132	SH		SOLE		1,132	0	0
Nucor Corp	COM	670346105	391,581	2,535	SH		SOLE		2,535	0	0
Nuveen Asset Management LLC	NUVEEN BLMBRG SH	78468R739	237,465	4,994	SH		DFND		4,994	0	0
Nuveen Asset Management LLC	NUVEEN BLMBRG SH	78468R739	19,076,537	401,189	SH		SOLE		401,189	0	0
Nuveen Closed-End Funds/USA	COM	6706ER101	1,073,550	82,013	SH		SOLE		82,013	0	0
Nuveen Closed-End Funds/USA	COM	67072C105	93,832	14,525	SH		SOLE		14,525	0	0
Nuveen Closed-End Funds/USA	COM	67074Y105	493	42	SH		DFND		42	0	0
Nuveen Closed-End Funds/USA	COM	67074Y105	375,128	31,953	SH		SOLE		31,953	0	0
ORACLE CORP	COM	68389X105	78,239	842	SH		DFND		807	0	35
ORACLE CORP	COM	68389X105	4,578,819	49,277	SH		SOLE		49,277	0	0
PEPSICO INC	COM	713448108	92,973	510	SH		DFND		510	0	0
PEPSICO INC	COM	713448108	3,685,741	20,218	SH		SOLE		20,193	0	25
PNC Financial Services Group I	COM	693475105	129,769	1,021	SH		DFND		1,000	0	21
PNC Financial Services Group I	COM	693475105	212,384	1,671	SH		SOLE		1,671	0	0
PROGRESSIVE CP(OH)	COM	743315103	237,337	1,659	SH		SOLE		1,659	0	0
PROSHARES ETFS/USA	SHORT QQQ NEW	74347B714	511,560	42,000	SH		SOLE		42,000	0	0
Palo Alto Networks Inc	COM	697435105	284,030	1,422	SH		SOLE		1,422	0	0
Pfizer Inc	COM	717081103	4,406	108	SH		DFND		0	0	108
Pfizer Inc	COM	717081103	1,245,828	30,535	SH		SOLE		30,435	0	100
Physicians Realty Trust	COM	71943U104	4,016	269	SH		DFND		269	0	0
Physicians Realty Trust	COM	71943U104	1,013,389	67,876	SH		SOLE		67,876	0	0
Pinnacle West Capital Corp	COM	723484101	237,720	3,000	SH		SOLE		3,000	0	0
Postal Realty Trust Inc	CL A	73757R102	9,573	629	SH		DFND		629	0	0
Postal Realty Trust Inc	CL A	73757R102	2,195,226	144,233	SH		SOLE		144,233	0	0
ProShare Advisors LLC	SHORT S&P 500 NE	74347B425	240,000	16,000	SH		SOLE		16,000	0	0
Procter & Gamble Co/The	COM	742718109	27,805	187	SH		DFND		187	0	0
Procter & Gamble Co/The	COM	742718109	3,171,706	21,331	SH		SOLE		19,229	0	2,102
Prologis Inc	COM	74340W103	226,957	1,819	SH		SOLE		1,819	0	0
Proshare Capital Management LLC	ULTRA SILVER NEW	74347W353	614,700	19,683	SH		SOLE		19,683	0	0
Putnam Investment Management LLC	COM	746823103	68,656	11,200	SH		SOLE		11,200	0	0
Putnam Investment Management LLC	SH BEN INT	746853100	43,325	12,170	SH		SOLE		12,170	0	0
QUALCOMM Inc	COM	747525103	30,492	239	SH		DFND		200	0	39
QUALCOMM Inc	COM	747525103	197,749	1,550	SH		SOLE		1,550	0	0
ROPER INDUSTRIES INC	COM	776696106	424,384	963	SH		SOLE		963	0	0
Rafferty Asset Management LLC	DAILY JR GLD MIN	25460G831	438,672	10,400	SH		SOLE		10,400	0	0
Raytheon Technologies Corp	COM	75513E101	95,188	972	SH		DFND		972	0	0
Raytheon Technologies Corp	COM	75513E101	9,483,443	96,839	SH		SOLE		92,430	0	4,409
Ross Stores Inc	COM	778296103	832,165	7,841	SH		SOLE		7,841	0	0
SALESFORCE.COM INC	COM	79466L302	32,764	164	SH		DFND		164	0	0
SALESFORCE.COM INC	COM	79466L302	2,677,452	13,402	SH		SOLE		13,402	0	0
SELECT SECTOR SPDR	TECHNOLOGY	81369Y803	8,155	54	SH		DFND		0	0	54
SELECT SECTOR SPDR	TECHNOLOGY	81369Y803	255,811	1,694	SH		SOLE		1,694	0	0
SILVERCREST METALS	COM	828363101	242,760	34,000	SH		SOLE		34,000	0	0
SSGA FUNDS MANAGEMENT INC	PORTFOLIO INTRMD	78464A375	729,920	22,466	SH		SOLE		22,466	0	0
SSgA Funds Management Inc	TR UNIT	78462F103	196,098	479	SH		DFND		479	0	0
SSgA Funds Management Inc	TR UNIT	78462F103	4,513,115	11,024	SH		SOLE		11,024	0	0
STARBUCKS CORP	COM	855244109	56,855	546	SH		DFND		546	0	0
STARBUCKS CORP	COM	855244109	6,018,193	57,795	SH		SOLE		54,299	0	3,496
STATE STREET ETF/USA	NUVEEN BLOOMBERG	78464A284	238,681	9,532	SH		DFND		9,532	0	0
STATE STREET ETF/USA	NUVEEN BLOOMBERG	78464A284	3,786,574	151,221	SH		SOLE		151,221	0	0
Seligman Funds/Closed-end/USA	COM	895436103	29,524	1,112	SH		DFND		1,112	0	0
Seligman Funds/Closed-end/USA	COM	895436103	7,000,359	263,667	SH		SOLE		263,667	0	0
Skeena Resources Ltd	COM	83056P715	146,640	24,000	SH		SOLE		24,000	0	0
Sprott Asset Management CEFs	TR UNIT	85207K107	1,108,661	132,933	SH		SOLE		132,933	0	0
Sprott ETF Trust	URANIUM MINERS E	85208P303	691,897	22,056	SH		SOLE		22,056	0	0
Starwood Property Trust Inc	COM	85571B105	3,025	171	SH		DFND		171	0	0
Starwood Property Trust Inc	COM	85571B105	715,667	40,456	SH		SOLE		40,456	0	0
State Street Global Advisors Inc	BLOOMBERG HIGH Y	78468R622	3,898	42	SH		DFND		42	0	0
State Street Global Advisors Inc	BLOOMBERG HIGH Y	78468R622	3,276,175	35,296	SH		SOLE		35,296	0	0
TEXAS INSTRUMENTS	COM	882508104	70,126	377	SH		DFND		377	0	0
TEXAS INSTRUMENTS	COM	882508104	7,486,158	40,246	SH		SOLE		37,011	0	3,235
TRAVELERS CO INC	COM	89417E109	425,440	2,482	SH		SOLE		2,482	0	0
Target Corp	COM	87612E106	52,339	316	SH		DFND		303	0	13
Target Corp	COM	87612E106	3,480,549	21,014	SH		SOLE		21,014	0	0
Tesla Inc	COM	88160R101	107,672	519	SH		DFND		519	0	0
Tesla Inc	COM	88160R101	405,584	1,955	SH		SOLE		1,955	0	0
Thermo Fisher Scientific Inc	COM	883556102	991,356	1,720	SH		SOLE		1,720	0	0
Tyson Foods Inc	CL A	902494103	213,967	3,607	SH		SOLE		3,607	0	0
UTD PARCEL SERV	CL B	911312106	76,044	392	SH		DFND		392	0	0
UTD PARCEL SERV	CL B	911312106	8,345,256	43,019	SH		SOLE		40,395	0	2,624
Union Pacific Corp	COM	907818108	419,426	2,084	SH		DFND		2,084	0	0
Union Pacific Corp	COM	907818108	292,833	1,455	SH		SOLE		1,455	0	0
United Rentals Inc	COM	911363109	526,757	1,331	SH		SOLE		1,331	0	0
UnitedHealth Group Inc	COM	91324P102	2,836	6	SH		DFND		0	0	6
UnitedHealth Group Inc	COM	91324P102	1,108,696	2,346	SH		SOLE		2,346	0	0
Uranium Energy Corp	COM	916896103	224,844	78,071	SH		SOLE		78,071	0	0
Uranium Royalty Corp	COM	91702V101	74,160	36,000	SH		SOLE		36,000	0	0
VANGUARD	S&P 500 ETF SHS	922908363	462,942	1,231	SH		SOLE		1,231	0	0
VANGUARD ETF/USA	DIV APP ETF	921908844	646,842	4,200	SH		SOLE		4,200	0	0
VANGUARD ETF/USA	VG TL INTL STK F	921909768	2,460,986	44,575	SH		SOLE		44,575	0	0
VANGUARD ETF/USA	FTSE EMR MKT ETF	922042858	220,463	5,457	SH		DFND		5,457	0	0
VANGUARD ETF/USA	FTSE EMR MKT ETF	922042858	11,640,775	288,138	SH		SOLE		277,233	0	10,905
VANGUARD ETF/USA	SHRT TRM CORP BD	92206C409	21,649	284	SH		DFND		284	0	0
VANGUARD ETF/USA	SHRT TRM CORP BD	92206C409	12,814,720	168,106	SH		SOLE		168,106	0	0
VANGUARD ETF/USA	SM CP VAL ETF	922908611	231,472	1,458	SH		DFND		1,458	0	0
VANGUARD ETF/USA	SM CP VAL ETF	922908611	8,574,628	54,010	SH		SOLE		53,010	0	1,000
VANGUARD ETF/USA	TOTAL STK MKT	922908769	1,184,188	5,802	SH		DFND		5,802	0	0
VANGUARD ETF/USA	TOTAL STK MKT	922908769	5,874,202	28,781	SH		SOLE		28,781	0	0
VANGUARD GROUP INC/THE	TOTAL INT BD ETF	92203J407	917,739	18,760	SH		SOLE		18,760	0	0
VERIZON COMMUN	COM	92343V104	70,935	1,824	SH		DFND		1,824	0	0
VERIZON COMMUN	COM	92343V104	1,951,695	50,185	SH		SOLE		42,528	0	7,657
VISA INC	COM CL A	92826C839	51,405	228	SH		DFND		228	0	0
VISA INC	COM CL A	92826C839	4,173,490	18,511	SH		SOLE		18,511	0	0
Van Eck Associates Corp	INTRMDT MUNI ETF	92189H201	1,672,176	35,984	SH		DFND		35,984	0	0
Van Eck Associates Corp	INTRMDT MUNI ETF	92189H201	33,648,276	724,086	SH		SOLE		724,086	0	0
Vanguard ETF/USA	500 GRTH IDX F	921932505	1,385,185	6,010	SH		SOLE		6,010	0	0
Vanguard ETF/USA	INTERMED TERM	921937819	2,013,427	26,237	SH		SOLE		26,237	0	0
Vanguard ETF/USA	VAN FTSE DEV MKT	921943858	267,994	5,933	SH		SOLE		5,933	0	0
Vanguard ETF/USA	INF TECH ETF	92204A702	2,313	6	SH		DFND		0	0	6
Vanguard ETF/USA	INF TECH ETF	92204A702	531,563	1,379	SH		SOLE		1,379	0	0
Vanguard ETF/USA	REAL ESTATE ETF	922908553	3,488	42	SH		DFND		42	0	0
Vanguard ETF/USA	REAL ESTATE ETF	922908553	257,424	3,100	SH		SOLE		3,100	0	0
Vanguard ETF/USA	SML CP GRW ETF	922908595	237,185	1,096	SH		DFND		1,096	0	0
Vanguard ETF/USA	SML CP GRW ETF	922908595	8,560,314	39,556	SH		SOLE		38,846	0	710
Vanguard ETF/USA	GROWTH ETF	922908736	1,283,369	5,145	SH		DFND		5,145	0	0
Vanguard ETF/USA	GROWTH ETF	922908736	43,954,571	176,213	SH		SOLE		176,213	0	0
Vanguard ETF/USA	VALUE ETF	922908744	1,364,941	9,883	SH		DFND		9,883	0	0
Vanguard ETF/USA	VALUE ETF	922908744	51,673,995	374,151	SH		SOLE		374,151	0	0
Vanguard Group Inc/The	TOTAL BND MRKT	921937835	86,676	1,174	SH		DFND		1,174	0	0
Vanguard Group Inc/The	TOTAL BND MRKT	921937835	6,688,555	90,594	SH		SOLE		88,603	0	1,991
Vanguard Group Inc/The	LARGE CAP ETF	922908637	442,740	2,370	SH		SOLE		2,370	0	0
Vanguard Group Inc/The	EXTEND MKT ETF	922908652	13,880	99	SH		DFND		99	0	0
Vanguard Group Inc/The	EXTEND MKT ETF	922908652	620,245	4,424	SH		SOLE		4,424	0	0
WASTE MANAGEMENT	COM	94106L109	590,512	3,619	SH		SOLE		3,619	0	0
WEC Energy Group Inc	COM	92939U106	189,580	2,000	SH		DFND		2,000	0	0
WEC Energy Group Inc	COM	92939U106	86,448	912	SH		SOLE		912	0	0
WELLS FARGO & CO	COM	949746101	4,486	120	SH		DFND		0	0	120
WELLS FARGO & CO	COM	949746101	1,733,198	46,367	SH		SOLE		46,367	0	0
Walmart Inc	COM	931142103	190,653	1,293	SH		DFND		1,293	0	0
Walmart Inc	COM	931142103	8,992,681	60,988	SH		SOLE		56,938	0	4,050
Walt Disney Co/The	COM	254687106	559,727	5,590	SH		SOLE		5,590	0	0
Xcel Energy Inc	COM	98389B100	33,720	500	SH		DFND		500	0	0
Xcel Energy Inc	COM	98389B100	171,905	2,549	SH		SOLE		2,549	0	0
YAMANA GOLD INC	COM	98462Y100	117,000	20,000	SH		DFND		20,000	0	0
i-80 Gold Corp	COM	44955L106	110,250	45,000	SH		SOLE		45,000	0	0
iShares ETFs/USA	7-10 YR TRSY BD	464287440	339,288	3,423	SH		SOLE		3,423	0	0
iShares ETFs/USA	MSCI ACWI EX US	464288240	103,149	2,115	SH		DFND		2,115	0	0
iShares ETFs/USA	MSCI ACWI EX US	464288240	827,334	16,964	SH		SOLE		16,964	0	0
iShares ETFs/USA	JPMORGAN USD EMG	464288281	4,659	54	SH		DFND		54	0	0
iShares ETFs/USA	JPMORGAN USD EMG	464288281	3,561,811	41,282	SH		SOLE		41,282	0	0
iShares ETFs/USA	BLACKROCK ULTRA	46434V878	100,048	1,991	SH		DFND		1,991	0	0
iShares ETFs/USA	BLACKROCK ULTRA	46434V878	2,520,892	50,167	SH		SOLE		46,132	0	4,035