Alerus Financial


Overview / Commentary
701-795-3200
401 Demers Avenue
Grand Forks, ND 58201

Alerus Financial is headquartered in Grand Forks and is the 4th largest bank in the state of North Dakota. It is also the 389th largest bank in the nation. It was established in 1933 and as of March of 2019, it had grown to 798 employees at 19 locations. Alerus Financial has an A+ health rating.

Reviews (2)

Great Bank!

Posted by: Anonymous | May 21, 2011

The friendliest and most sincere customer service and tellers. I LOVE MY BANK! They remember my name when I walk in the door. These guys take care of their customers. Highly recomended!

5 Stars? COMMON!!!

Posted by: Diesel | Sep 14, 2012

Alerus was once a great bank to work with! However that was when I opened the account with a little cash $5000 or so. However when that money dwindled down they have been less than caring and look for every opportunity to nickle and dime you!

I am disgusted with there system set up to get you with every and any chance they get.

I'll be closing my account today thanks for nothing Alerus!!!



Health
A+

Health Grade Components

Overall
FDIC Certificate #3931
Year Established1933
Employees798
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD11.9%
Annual Interest Income$23.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$2.21B$2.09B
LoansQ1 2019vs Q1 2018$1.75B$1.64B
DepositsQ1 2019vs Q1 2018$1.91B$1.83B
Equity CapitalQ1 2019vs Q1 2018$256.8MM$234.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$22.6MM$18.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$8.3MM$4.8MM
Real Estate OwnedQ1 2019vs Q1 2018$127.00K$446.00K
Rates

Sorry, we do not have rate data for Alerus Financial.

Locations

Availability



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