Alerus Financial, National Association
Total assets
$5.28B
▼ -0.7% YoY
Deposits
$4.24B
▼ -3.2% YoY
Loans
$4.01B
▼ -1.0% YoY
Offices
26
ALERUS FINANCIAL CORP
ROA (annualized)
1.78%
peers 1.26%
ROE (annualized)
16.35%
peers 12.17%
Peer comparison 887 banks with 1B-10B in assets
| Metric | This bank | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | -0.7% | +5.5% | -6.1 pts |
| Deposit growth (YoY) | -3.2% | +5.1% | -8.3 pts |
| Loan growth (YoY) | -1.0% | +5.9% | -6.9 pts |
| ROA | 1.78% | 1.26% | +0.5 pts |
| ROE | 16.4% | 12.2% | +4.2 pts |
ROA ranks in the 81st percentile of its peer group · Q2 2026
Profile
- Established
- 1933
- Charter
- OCC
- Primary regulator
- OCC
- Holding company
- ALERUS FINANCIAL CORP
- Specialization
- Commercial Lending Specialization
- Address
- 401 Demers Ave, Grand Forks, ND, 58201
- County
- Grand Forks
- Metro area
- Grand Forks, ND-MN
- Offices
- 26
- FDIC cert #
- 3931
- RSSD ID
- 933256
- Latest call report
- Q2 2026
Total assets last 8 quarters
Deposits last 8 quarters
Quarterly financials FDIC call report
| Quarter | Assets | Deposits | Loans | Equity | Net income YTD | ROA | NIM | Nonperforming |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $5.28B | $4.24B | $4.01B | $580.4M | $46.7M | 1.78% | 3.89% | 0.38% |
| Q1 2026 | $5.28B | $4.39B | $4.01B | $573.2M | $23.8M | 1.81% | 3.76% | 1.02% |
| Q4 2025 | $5.21B | $4.24B | $4.01B | $561.5M | $22.2M | 0.42% | 3.60% | 1.28% |
| Q3 2025 | $5.32B | $4.46B | $4.06B | $551.3M | $54.1M | 1.36% | 3.53% | 1.13% |
| Q2 2025 | $5.31B | $4.38B | $4.05B | $537.8M | $36.2M | 1.37% | 3.51% | 0.91% |
| Q1 2025 | $5.33B | $4.53B | $4.04B | $519.1M | $14.5M | 1.09% | 3.43% | 0.90% |
| Q4 2024 | $5.25B | $4.43B | $3.95B | $501.1M | $29.2M | 0.67% | 2.70% | 1.00% |
| Q3 2024 | $4.07B | $3.39B | $3.01B | $371.2M | $23.0M | 0.74% | 2.43% | 1.18% |
Loan mix (Q2 2026): real estate $3.20B · commercial $662.2M · consumer $44.2M · securities $777.1M
Ratio pack Q2 2026 · peer medians from 887 institutions
Profitability
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 1.78% | 1.26% | 81th | |
Return on equity Annualized net income ÷ equity or net worth | 16.4% | 12.2% | 80th | |
Net interest margin Interest income − interest expense, ÷ assets | 3.89% | 3.70% | 62th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 61.4% | 59.0% | 58th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Assets per office Branch efficiency; high numbers usually mean digital-first | 00.0% | 00.0% |
11 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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