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 393rd largest bank in the nation. It was established in 1933 and as of September of 2019, it had grown to 798 employees at 17 locations. Alerus Financial has an A+ health rating.

Reviews (2)

Great Bank!

Posted by: |

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: |

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 - YTD1.53%
Return on Equity - YTD12.91%
Annual Interest Income$70.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.23B$2.17B
LoansQ3 2019vs Q3 2018$1.73B$1.73B
DepositsQ3 2019vs Q3 2018$1.91B$1.83B
Equity CapitalQ3 2019vs Q3 2018$271.0MM$244.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$23.0MM$21.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.2MM$5.6MM
Real Estate OwnedQ3 2019vs Q3 2018$42.00K$169.00K
Rates

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

Locations

Availability



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