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Alerus Financial, National Association
Grand Forks, ND · National bank · Part of Alerus Financial Corp
- Total assets
- $5.28B
- Q2 2026
- Deposits
- $4.24B
- Net income
- $46.73M
- first half of 2026
- Return on assets
- 1.78%
- Annualized
SEC company page: Alerus Financial Corp (ALRS) · financials and records from other agencies
Bank details
As reported to the FDIC
- FDIC certificate
- 3931
- Main office
- Grand Forks, ND
- Holding company
- Alerus Financial Corp
- Charter
- National bank
- Primary federal regulator
- Office of the Comptroller of the Currency (OCC)
- Established
- 09/30/1933
- FDIC insured since
- 01/01/1934
- U.S. offices
- 27
- Employees (full-time equivalent)
- 886
- Specialty
- Commercial Lending Specialization
- Website
- www.alerus.com
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $5.28B | $5.28B | $5.21B | $5.32B | $5.31B | $5.33B | $5.25B | $4.07B |
| Deposits | $4.24B | $4.39B | $4.24B | $4.46B | $4.38B | $4.53B | $4.43B | $3.39B |
| Net loans and leases | $4.01B | $4.01B | $4.01B | $4.06B | $4.05B | $4.04B | $3.95B | $3.01B |
| Securities | $777.1M | $769.8M | $768.9M | $790.6M | $805.2M | $836.7M | $864M | $747.9M |
| Equity capital | $580.4M | $573.2M | $561.5M | $551.3M | $537.8M | $519.1M | $501.1M | $371.2M |
| Net income (year to date) | $46.73M | $23.79M | $22.2M | $54.15M | $36.16M | $14.46M | $29.21M | $22.98M |
| Return on assets | 1.78% | 1.81% | 0.42% | 1.36% | 1.37% | 1.09% | 0.67% | 0.74% |
| Return on equity | 16.35% | 16.77% | 4.16% | 13.69% | 13.93% | 11.34% | 7.53% | 8.52% |
| Net interest margin | 3.89% | 3.76% | 3.60% | 3.53% | 3.51% | 3.43% | 2.70% | 2.43% |
| Efficiency ratio | 61.4% | 62.8% | 63.2% | 63.3% | 62.9% | 67.3% | 71.3% | 73.4% |
| Noncurrent loans | 0.27% | 1.34% | 1.65% | 1.47% | 1.17% | 1.18% | 1.33% | 1.60% |
| Net charge-off rate | 0.47% | 0.69% | 0.05% | 0.08% | 0.21% | 0.04% | 0.13% | 0.13% |
| Leverage (core capital) ratio | 9.26% | 9.11% | 8.62% | 9.31% | 9.34% | 9.06% | 8.69% | 8.90% |
| Total risk-based capital ratio | 12.11% | 12.00% | 11.66% | 12.25% | 12.04% | 11.61% | 11.43% | 11.98% |
Assets fell 0.7% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$3.2B79.8%
- Commercial and industrial loans$662.2M16.5%
- Consumer loans$44.18M1.1%
Find bank branches in North Dakota · Employees: 886
Frequently asked questions
- What is Alerus Financial, National Association's FDIC certificate number?
- Alerus Financial, National Association's FDIC certificate number is 3931.
- How big is Alerus Financial, National Association?
- Alerus Financial, National Association reported total assets of $5.28B and deposits of $4.24B as of Q2 2026.
- Is Alerus Financial, National Association FDIC insured?
- Yes. Alerus Financial, National Association has been insured by the FDIC since 01/01/1934. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026