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Overview / Commentary
401 Demers Avenue
Grand Forks, ND 58201

Alerus Financial is headquartered in Grand Forks and is the 3rd largest bank in the state of North Dakota. It is also the 388th largest bank in the nation. It was established in 1933 and as of March of 2016, it had grown to 814 employees at 22 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 Grade Components

FDIC Certificate #3931
Year Established1933
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD7.94%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.04B$1.50B
LoansQ1 2016vs Q1 2015$1.36B$1.14B
DepositsQ1 2016vs Q1 2015$1.77B$1.28B
Equity CapitalQ1 2016vs Q1 2015$219.7MM$168.9MM
Loan Loss AllowanceQ1 2016vs Q1 2015$15.5MM$18.5MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$12.0MM$3.7MM
Real Estate OwnedQ1 2016vs Q1 2015$1.5MM$2.4MM

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Alerus Financial has 22 locations. Click to view all Alerus Financial locations.