Alerus Financial is headquartered in GRAND FORKS and is the 4th largest bank in the state of North Dakota. It is also the 272nd largest bank in the nation. It was established in 1933 and as of March of 2025, it had grown to 864 employees at 30 locations. Alerus Financial has an A health rating.
Overall | |
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FDIC Certificate # | 3931 |
Year Established | 1933 |
Employees | 864 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 1.09% |
Return on Equity - YTD | 11.34% |
Annual Interest Income | $68.2MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $5.33B$4.32B |
Loans | Q1 2025vs Q1 2024 | $4.04B$2.77B |
Deposits | Q1 2025vs Q1 2024 | $4.53B$3.35B |
Equity Capital | Q1 2025vs Q1 2024 | $519.1MM$355.8MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $61.9MM$36.6MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $45.5MM$7.2MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $243K$0 |
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APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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3.87% | $5k | - | 8 Month CD Special | |
3.50% | $5k | - | 14 Month CD Special |