Overview / Commentary
Alerus Financial is headquartered in GRAND FORKS and is the 4th largest bank in the state of North Dakota. It is also the 306th largest bank in the nation. It was established in 1933 and as of March of 2024, it had grown to 747 employees at 16 locations. Alerus Financial has an A health rating.
Health
A
Data as of Q1 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3931 |
| Year Established | 1933 |
| Employees | 747 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 8.65% |
| Annual Interest Income | $49MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $4.32B$3.88B |
| Loans | Q1 2024vs Q1 2023 | $2.77B$2.47B |
| Deposits | Q1 2024vs Q1 2023 | $3.35B$3.11B |
| Equity Capital | Q1 2024vs Q1 2023 | $355.8MM$340.2MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $36.6MM$35.1MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $7.2MM$2.1MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |
