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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 403rd largest bank in the nation. It was established in 1933 and as of June of 2016, it had grown to 810 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 - YTD0.86%
Return on Equity - YTD7.53%
Annual Interest Income$34.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.93B$1.56B
LoansQ2 2016vs Q2 2015$1.41B$1.22B
DepositsQ2 2016vs Q2 2015$1.68B$1.31B
Equity CapitalQ2 2016vs Q2 2015$223.6MM$173.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$16.2MM$18.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$9.4MM$11.1MM
Real Estate OwnedQ2 2016vs Q2 2015$1.9MM$2.3MM

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