Alerus Financial


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 393rd largest bank in the nation. It was established in 1933 and as of June of 2019, it had grown to 792 employees at 17 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

Health Grade Components

Overall
FDIC Certificate #3931
Year Established1933
Employees792
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD13.24%
Annual Interest Income$46.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.20B$2.17B
LoansQ2 2019vs Q2 2018$1.74B$1.72B
DepositsQ2 2019vs Q2 2018$1.76B$1.80B
Equity CapitalQ2 2019vs Q2 2018$269.1MM$237.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$21.2MM$19.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.7MM$4.6MM
Real Estate OwnedQ2 2019vs Q2 2018$381.00K$201.00K
Rates

Sorry, we do not have rate data for Alerus Financial.

Locations

Availability



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