ALERUS FINANCIAL NA

FDIC #3931 · ND · period 20260630

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Total assets2,042,811+2.00% YoY

Total deposits1,770,034+1.17% YoY

Net loans and leases1,358,320-3.24% YoY

Return on assets0.90%-19.63% YoY

Return on equity7.94%-21.54% YoY

Net interest margin3.61%+0.67% YoY

Peer position

Return on assets81ststrength · n=902

Return on equity80thstrength · n=894

Net interest margin62ndin line · n=902

Equity to assets60thin line · n=894

Noncurrent loans72ndstrength · n=887

Liquid assets33rdin line · n=895

Brokered deposits61stin line · n=890

Loans to deposits27thopportunity · n=890

Ten-year reported history

Period	Assets	Deposits	Loans	ROA	ROE	NIM
2016-03-31	2,042,811	1,770,034	1,358,320	0.90	7.94	3.61
2016-06-30	1,929,874	1,679,451	1,412,547	0.86	7.53	3.81
2016-09-30	1,933,711	1,684,681	1,411,205	0.81	7.09	3.84
2016-12-31	2,048,652	1,789,856	1,386,400	0.93	8.18	3.80
2017-03-31	2,002,709	1,749,545	1,403,746	1.12	10.12	3.59
2017-06-30	2,035,194	1,648,948	1,525,794	1.08	9.72	3.70
2017-09-30	2,060,839	1,608,634	1,572,793	1.09	9.77	3.81
2017-12-31	2,134,927	1,842,170	1,575,847	0.93	8.30	3.83
2018-03-31	2,087,107	1,831,031	1,643,970	1.50	13.48	3.96
2018-06-30	2,174,683	1,800,909	1,721,728	1.37	12.41	4.00
2018-09-30	2,170,974	1,826,328	1,731,317	1.44	12.97	4.01
2018-12-31	2,176,480	1,807,501	1,726,192	1.41	12.63	4.02
2019-03-31	2,211,046	1,911,706	1,747,268	1.37	11.90	4.00
2019-06-30	2,203,635	1,760,320	1,736,822	1.56	13.24	3.92
2019-09-30	2,225,753	1,905,323	1,729,124	1.53	12.91	3.90
2019-12-31	2,354,874	2,044,964	1,744,201	1.53	12.90	3.83
2020-03-31	2,510,412	2,196,083	1,803,516	1.08	9.40	3.51
2020-06-30	2,873,845	2,527,305	2,108,692	1.49	13.56	3.40
2020-09-30	2,897,156	2,538,806	2,138,393	1.90	17.47	3.42
2020-12-31	3,011,785	2,648,694	2,067,569	1.80	16.67	3.44
2021-03-31	3,150,221	2,794,694	1,982,252	2.11	20.54	3.11
2021-06-30	3,155,533	2,790,064	1,868,404	1.86	18.06	3.03
2021-09-30	3,173,438	2,793,433	1,829,232	1.83	17.63	3.00
2021-12-31	3,390,640	3,002,304	1,772,938	1.78	17.26	2.99
2022-03-31	3,334,741	2,973,778	1,808,193	1.33	13.70	2.82
2022-06-30	3,292,904	2,696,204	1,913,233	1.32	13.99	2.92
2022-09-30	3,689,377	3,039,294	2,313,392	1.26	13.50	2.96
2022-12-31	3,778,066	2,999,498	2,422,336	1.26	13.64	3.03
2023-03-31	3,884,742	3,114,261	2,468,423	0.97	10.99	2.74
2023-06-30	3,828,913	2,925,599	2,518,719	1.02	11.47	2.67
2023-09-30	3,864,311	2,943,704	2,586,486	1.04	11.75	2.57
2023-12-31	3,885,776	3,166,464	2,731,742	0.42	4.71	2.54
2024-03-31	4,322,215	3,353,461	2,773,516	0.75	8.65	2.39
2024-06-30	4,343,902	3,366,799	2,915,618	0.73	8.61	2.43
2024-09-30	4,072,189	3,391,092	3,006,688	0.74	8.52	2.43
2024-12-31	5,252,917	4,427,435	3,949,123	0.67	7.53	2.70
2025-03-31	5,326,806	4,530,138	4,036,459	1.09	11.34	3.43
2025-06-30	5,312,807	4,380,809	4,053,963	1.37	13.93	3.51
2025-09-30	5,321,707	4,458,369	4,057,705	1.36	13.69	3.53
2025-12-31	5,211,720	4,241,217	4,008,041	0.42	4.16	3.60
2026-03-31	5,277,526	4,393,268	4,006,584	1.81	16.77	3.76
2026-06-30	5,276,612	4,239,064	4,012,596	1.78	16.35	3.89

Structure and branch footprint

26 current branch locations across 5 states as of 2026-08-22. This is an annual branch-location count, not deposit market share.

Date	Code	Predecessor RSSD	Successor RSSD
2024-10-10	1	796572	933256
2022-09-17	1	3634394	933256
2016-01-16	1	719955	933256
2014-06-26	1	2361901	933256
2009-11-07	50	2762638	933256
2009-07-18	50	2352507	933256
2007-01-20	1	2525860	933256
1991-11-02	50	829078	933256
1991-04-20	1	694454	933256
1991-04-20	1	953656	933256
1990-02-16	1	1404191	933256

Reviewed intelligence

No reviewed or published intelligence is linked to this institution.

Scope and limitations

Financial facts are scoped to the FDIC-insured bank. NIC transformations use the linked RSSD identity; SEC issuer and bank-holding-company facts are not silently combined. Branch data follows its annual source cadence. Intelligence appears only after review or publication.