Alerus Financial, National Association

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Alerus Financial, National Association Locations

Deposit Rates - April 20, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3931
Date Established 1933
Assets $ 3.01 billion
Loans $ 2.07 billion
Deposits $ 2.65 billion
Capital $ 316.48 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 172.96 million
Interest-bearing balances $ 143.29 million
Total securities $ 592.34 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.07 billion
Loan loss allowance $ 34.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 58.11 million
All other assets $ 93.80 million
     Total Assets $ 2.70 billion

LIABILITIES
Total deposits $ 2.65 billion
      Interest-bearing deposits $ 1,817.28 million
      Deposits held in domestic offices $ 2.65 billion
      % insured (estimated) 38.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 46.61 millionn
      Total Liabilities $ 2.70 billion
      Shareholders’ Equity $ 316.48 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 96.10 million
Total Interest Expense $ 8.84 million
Net interest income $ 87.26 million
Provision for loan and lease losses $ 10.90 million
Total non interest income $ 146.65 million
Total non interest expense $ 161.18 million
Pre-tax Net Operating Income $ 61.83 million

Alerus Financial, National Association is an FDIC insured institution headquartered at 401 Demers Avenue, Grand Forks, ND 58201.
It was founded in 1933 and has approximately $3 billion in assets. Customers can open an account at one of its 22 branches.