Alerus Financial is headquartered in Grand Forks and is the 3rd largest bank in the state of North Dakota. It is also the 372nd largest bank in the nation. It was established in 1933 and as of March of 2020, it had grown to 789 employees at 17 locations. Alerus Financial has an A+ health rating.
Great Bank!
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!!!
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!!!
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3931 |
| Year Established | 1933 |
| Employees | 789 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 9.4% |
| Annual Interest Income | $23.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $2.51B$2.21B |
| Loans | Q1 2020vs Q1 2019 | $1.80B$1.75B |
| Deposits | Q1 2020vs Q1 2019 | $2.20B$1.91B |
| Equity Capital | Q1 2020vs Q1 2019 | $282.3MM$256.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $27.0MM$22.6MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $7.0MM$8.3MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $183.00K$127.00K |
