Vitals
  • Total Assets
    2.0B 17.8 %
  • Total Deposits
    1.8B 21.0 %
  • Total Net Loans
    1.4B 19.6 %
  • Net Income
    18.0M -5.3 %
  • Book Value
    222.4M 6.0 %
  • Book Value x2
    444.9M 6.0 %
  • Book Value x3
    667.3M 6.0 %
ROAA

.932

ROAE

8.184

Efficiency Ratio

82.223

Net Interest Margin

3.826

Balance Sheet Highlights
Financial Highlights Alerus Financial, National Association All Insured Commercial Banks in North Dakota
Balance Sheet $(000)
Total Assets 2,048,652 232,076
Total Net Loans 1,386,400 156,713
Total Deposits 1,789,856 198,811
Total Equity 222,430 23,476
Profitability
Net Income 17,997 3,002
Return on Average Assets .932 1.206
Return on Average Equity 8.184 11.39
Net Interest Margin 3.826 3.951
Efficiency Ratio 82.223 62.572
Noninterest Income/Revenue 59.888 15.037
Balance Sheet Ratios
Loan-to-Deposit 77.459 75.896
Securities/Assets .135 .19
Total Equity/Total Assets .109 .101
Tangible Equity/Tangible Assets .077 .097
Capital Adequacy
Tier 1 Common Capital 177,662 22,730
Tier 1 Capital 177,662 22,737
Tier 2 Capital 15,614 2,012
Total Capital 193,276 24,749
Total Risk Weighted Assets 1,600,871 176,189
Leverage Ratio 9.25 10.101
Common Equity Tier 1 Capital Ratio 11.1 13.897
Tier 1 Capital Ratio 11.1 13.902
Total Capital Ratio 12.07 14.995

Timeline for Alerus Financial, National Association

Beacon Bank

Acquisition: Alerus Financial, National Association acquired a new subsidiary, Beacon Bank, 8 years

View Profile Jan 16 2016

Alliance Benefit Group North Central States, Inc.

Alliance Benefit Group North Central States, Inc. became a new subsidiary organization for Alerus Financial, National Association.

View Profile Jan 01 2016

Private Bank Minnesota

Acquisition: Alerus Financial, National Association acquired a new subsidiary, Private Bank Minnesota, 9 years

View Profile Jun 26 2014

Private Real Estate Holdings, Llc

Private Real Estate Holdings, Llc became a new subsidiary organization for Alerus Financial, National Association.

View Profile Jun 26 2014

Prosperan Bank

Acquisition: Alerus Financial, National Association acquired a new subsidiary, Prosperan Bank, 14 years

View Profile Nov 07 2009

Want to see more?

Complete timeline for Alerus Financial, National Association is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Beacon Bank Seller 349,989 Acquisition Discontinued 1/16/2016
Private Bank Minnesota Seller 142,842 Acquisition Discontinued 6/26/2014
Prosperan Bank Seller 197,442 Failure 11/7/2009
Bankfirst Seller 210,844 Failure 7/18/2009
Minnetonka Office Seller Pooling of Interests Discontinued 1/20/2007
First Federal Savings And Loan Association Of Fargo, F.A. Seller 39,110 Failure 11/2/1991
West Fargo State Bank Seller 54,133 Discontinued 4/20/1991
Northwood State Bank Seller 26,253 Discontinued 4/20/1991
First National Bank South Seller 24,348 Discontinued 2/16/1990
Relationships Role Relationship Start Relationship End
Alerus Financial Corporation Parent 6/18/1993
First National Corporation Parent 4/13/1984 6/17/1993
Alerus Securities Corporation Subsidary 6/30/2007
Alerus Financial Insurance Services Subsidary 6/30/2007
Alerus Investment Advisors, Inc. Subsidary 10/1/2007
Private Real Estate Holdings, Llc Subsidary 6/26/2014
Alliance Benefit Group North Central States, Inc. Subsidary 1/1/2016
Alerus Securities Corporation Subsidary 7/8/1994 6/29/2007
Alerus Financial Insurance Services Subsidary 1/10/2001 6/29/2007
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