Alerus Financial is headquartered in GRAND FORKS and is the 4th largest bank in the state of North Dakota. It is also the 272nd largest bank in the nation. It was established in 1933 and as of March of 2025, it had grown to 864 employees at 30 locations. Alerus Financial has an A health rating.
Overall | |
---|---|
FDIC Certificate # | 3931 |
Year Established | 1933 |
Employees | 864 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.09% |
Return on Equity - YTD | 11.34% |
Annual Interest Income | $68.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $5.33B$4.32B |
Loans | Q1 2025vs Q1 2024 | $4.04B$2.77B |
Deposits | Q1 2025vs Q1 2024 | $4.53B$3.35B |
Equity Capital | Q1 2025vs Q1 2024 | $519.1MM$355.8MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $61.9MM$36.6MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $45.5MM$7.2MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $243K$0 |
Always verify rates and promotions with the bank or credit union. We are not Alerus Financial; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.87% | $5k | - | 8 Month CD Special | |
3.50% | $5k | - | 14 Month CD Special |
The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.