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.
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!!!
|FDIC Certificate #||3931|
|Return on Assets - YTD||1.09%|
|Return on Equity - YTD||9.77%|
|Annual Interest Income||$55.7MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$2.06B$1.93B|
|Loans||Q3 2017vs Q3 2016||$1.57B$1.41B|
|Deposits||Q3 2017vs Q3 2016||$1.61B$1.68B|
|Equity Capital||Q3 2017vs Q3 2016||$233.3MM$224.0MM|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$15.4MM$16.3MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$5.9MM$7.7MM|
|Real Estate Owned||Q3 2017vs Q3 2016||$522.00K$1.8MM|
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