Alerus Financial

Alerus Financial is headquartered in Grand Forks and is the 5^th largest bank in the state of North Dakota. It is also the 565^th largest bank in the nation. It was established in 1933 and as of September of 2011, it had grown to 452 employees at 16 locations. Alerus Financial has a 4-star health rating.

Alerus Financial CD Rates

Data for Q3 2011

Institution Statistics Alerus Financial, National Association FDIC Certificate # 3931 BankRate Report View Year Established 1933 Employees 452 Primary Regulator OCC Assets and Liabilities Assets $1.16 billion Loans $716.10 million Deposits $997.50 million Equity Capital $121.35 million Loan Loss Allowance $11.88 million Unbacked Noncurrent Loans $13.89 million Real Estate Owned $13.99 million Historic Data - September 2010 Assets $1.08 billion Equity Capital $92.33 million Loan Loss Allowance $9.32 million Unbacked Noncurrent Loans $8.83 million Real Estate Owned $13.23 million Profit Margin - Quarterly Net Interest Margin 4.41% Return on Assets 0.93% Return on Equity 10.41% Interest Income $38.98 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Alerus Financial had $27.88 million in non-current loans and owned real-estate with $133.22 million in equity and loan loss allowances on hand to cover it. This gives Alerus Financial a Texas Ratio of 20.93% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Alerus Financial decreased slightly from 33.31% as of September 30, 2010 to 20.93% as of September 30, 2011, resulting in a positive change of 37.18%.This indicates that the balance sheet and financial strength for Alerus Financial has improved slightly in recent periods. Deposit Growth In the past year, Alerus Financial has increased its total deposits by $62.19 million, resulting in 6.65% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alerus Financial has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alerus Financial has $1.16 billion in assets with $133.22 million in equity, resulting in a capitalization level of 11.49%, which is above average.

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