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Overview / Commentary
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 411th largest bank in the nation. It was established in 1933 and as of September of 2016, it had grown to 791 employees at 22 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 Grade Components

FDIC Certificate #3931
Year Established1933
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.09%
Annual Interest Income$52.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.93B$1.57B
LoansQ3 2016vs Q3 2015$1.41B$1.17B
DepositsQ3 2016vs Q3 2015$1.68B$1.35B
Equity CapitalQ3 2016vs Q3 2015$224.0MM$179.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$16.3MM$14.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$7.7MM$6.2MM
Real Estate OwnedQ3 2016vs Q3 2015$1.8MM$2.1MM

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Alerus Financial has 22 locations. Click to view all Alerus Financial locations.