Alerus Financial

Overview / Commentary
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 323rd largest bank in the nation. It was established in 1933 and as of March of 2023, it had grown to 777 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 Grade Components

FDIC Certificate #3931
Year Established1933
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD10.99%
Annual Interest Income$37.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$3.88B$3.33B
LoansQ1 2023vs Q1 2022$2.47B$1.81B
DepositsQ1 2023vs Q1 2022$3.11B$2.97B
Equity CapitalQ1 2023vs Q1 2022$340.2MM$311.3MM
Loan Loss AllowanceQ1 2023vs Q1 2022$35.1MM$31.7MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$2.1MM$4.2MM
Real Estate OwnedQ1 2023vs Q1 2022$0$855.00K

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