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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 409th largest bank in the nation. It was established in 1933 and as of September of 2017, it had grown to 776 employees at 19 locations. Alerus Financial has a B+ 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
B+

Health Grade Components

Overall
FDIC Certificate #3931
Year Established1933
Employees776
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD9.77%
Annual Interest Income$55.7MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$2.06B$1.93B
LoansQ3 2017vs Q3 2016$1.57B$1.41B
DepositsQ3 2017vs Q3 2016$1.61B$1.68B
Equity CapitalQ3 2017vs Q3 2016$233.3MM$224.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$15.4MM$16.3MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$5.9MM$7.7MM
Real Estate OwnedQ3 2017vs Q3 2016$522.00K$1.8MM
Rates

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Locations

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