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Overview / Commentary
800-279-3200
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 436th largest bank in the nation. It was established in 1933 and as of December of 2015, it had grown to 660 employees at 16 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
Employees660
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD10.61%
Annual Interest Income$56.2MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$1.74B$1.48B
LoansQ4 2015vs Q4 2014$1.16B$1.11B
DepositsQ4 2015vs Q4 2014$1.48B$1.27B
Equity CapitalQ4 2015vs Q4 2014$209.8MM$164.2MM
Loan Loss AllowanceQ4 2015vs Q4 2014$14.7MM$17.1MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$9.7MM$4.6MM
Real Estate OwnedQ4 2015vs Q4 2014$842.00K$2.5MM
Rates

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Locations

Alerus Financial has 16 locations. Click to view all Alerus Financial locations.