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 406th largest bank in the nation. It was established in 1933 and as of March of 2018, it had grown to 779 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
Employees779
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD13.48%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$2.09B$2.00B
LoansQ1 2018vs Q1 2017$1.64B$1.40B
DepositsQ1 2018vs Q1 2017$1.83B$1.75B
Equity CapitalQ1 2018vs Q1 2017$234.3MM$226.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$18.0MM$15.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$4.8MM$8.0MM
Real Estate OwnedQ1 2018vs Q1 2017$446.00K$730.00K
Rates

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

Locations

Availability



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