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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 396th largest bank in the nation. It was established in 1933 and as of December of 2016, it had grown to 787 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 - YTD0.93%
Return on Equity - YTD8.18%
Annual Interest Income$69.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.05B$1.74B
LoansQ4 2016vs Q4 2015$1.39B$1.16B
DepositsQ4 2016vs Q4 2015$1.79B$1.48B
Equity CapitalQ4 2016vs Q4 2015$222.4MM$209.8MM
Loan Loss AllowanceQ4 2016vs Q4 2015$15.6MM$14.7MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$7.4MM$9.7MM
Real Estate OwnedQ4 2016vs Q4 2015$1.7MM$842.00K

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Alerus Financial has 21 locations. Click to view all Alerus Financial locations.