Alerus Financial, N.A.: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
The standout move of Q2 2026 was in Other borrowed money: 72.5% higher than in Q1 2026, at $345.0M. Alerus Financial, N.A. ranks 11th of 60 North Dakota banks on loan-to-deposit ratio, in the upper half at 95.80% (Q2 2026). The median for banks in the $1B-10B asset tier is 88.20% on loan-to-deposit ratio. Alerus Financial, N.A. sits 7.60 points higher, at 95.80% (Q2 2026).
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $109.0M |
| Cash and noninterest-bearing balances to assets | 2.07% |
| Cash and securities | $886.2M |
| Fed funds sold and reverse repos | $0 |
| Fed funds sold and reverse repos to assets | 0.00% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $345.0M |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 6.54% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 95.80% |
| Net loans and leases to deposits | 94.66% |
| Loans and leases to core deposits | 100.39% |
| Core deposits to total deposits | 95.42% |
| Brokered deposits to total deposits | 0.20% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 89.10% | 96.65% | $315.5M | $200.0M |
| Q4 2023 | 87.40% | 96.15% | $114.2M | $200.0M |
| Q1 2024 | 83.80% | 95.50% | $355.0M | $200.0M |
| Q2 2024 | 87.74% | 94.33% | $355.0M | $200.0M |
| Q3 2024 | 89.82% | 94.96% | $44.7M | $200.0M |
| Q4 2024 | 90.55% | 94.43% | $39.0M | $200.0M |
| Q1 2025 | 90.47% | 94.98% | $0 | $200.0M |
| Q2 2025 | 93.89% | 91.28% | $114.6M | $200.0M |
| Q3 2025 | 92.41% | 92.21% | $0 | $200.0M |
| Q4 2025 | 95.96% | 95.52% | $58.8M | $250.0M |
| Q1 2026 | 92.35% | 95.66% | $0 | $200.0M |
| Q2 2026 | 95.80% | 95.42% | $0 | $345.0M |
Alerus Financial, N.A. liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Alerus Financial, N.A., freeSource: Call Report Schedules RC and RC-M, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Alerus Financial, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 3931) · FFIEC NIC profile (RSSD 933256)