Alerus Financial


Overview / Commentary
701-795-3369
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 352nd largest bank in the nation. It was established in 1933 and as of June of 2022, it had grown to 808 employees at 16 locations. Alerus Financial has a B+ 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
B+

Health Grade Components

Overall
FDIC Certificate #3931
Year Established1933
Employees808
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD13.99%
Annual Interest Income$47.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.29B$3.16B
LoansQ2 2022vs Q2 2021$1.91B$1.87B
DepositsQ2 2022vs Q2 2021$2.70B$2.79B
Equity CapitalQ2 2022vs Q2 2021$294.2MM$329.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$31.4MM$33.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.4MM$7.0MM
Real Estate OwnedQ2 2022vs Q2 2021$855.00K$855.00K
Rates

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

Locations

Availability



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