Alerus Financial, N.A.: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Compared with Q1 2026, Net interest margin rose 0.24 percentage points in Q2 2026 to 3.95%, the biggest move on this page. Alerus Financial, N.A. ranks 27th of 60 North Dakota banks on net interest margin, in the upper half at 3.95% (Q2 2026). Alerus Financial, N.A. reported 3.95% on net interest margin for Q2 2026, 0.24 points above the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.72% |
| Yield on loans | 6.08% |
| Yield on securities | 3.81% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.92% |
| Cost of interest-bearing deposits | 2.19% |
| Cost of interest-bearing liabilities | 2.34% |
| Cost of borrowings | 3.90% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.95% |
| Yield to cost spread | 3.38% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $61.5M |
| Total interest expense | $21.9M |
| Interest expense on deposits | $18.9M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 4.70% | 2.11% | 2.36% | 5.48% | 2.62% |
| Q4 2023 | 4.87% | 2.24% | 2.41% | 5.62% | 2.69% |
| Q1 2024 | 5.02% | 2.46% | 2.36% | 5.68% | 2.47% |
| Q2 2024 | 5.23% | 2.57% | 2.45% | 5.87% | 2.69% |
| Q3 2024 | 4.97% | 2.64% | 2.19% | 5.66% | 2.25% |
| Q4 2024 | 5.51% | 2.36% | 3.19% | 6.27% | 2.44% |
| Q1 2025 | 5.41% | 2.24% | 3.32% | 6.10% | 2.47% |
| Q2 2025 | 5.56% | 2.26% | 3.45% | 6.23% | 2.41% |
| Q3 2025 | 5.60% | 2.32% | 3.47% | 6.30% | 2.40% |
| Q4 2025 | 5.64% | 2.14% | 3.67% | 6.34% | 2.26% |
| Q1 2026 | 5.45% | 1.88% | 3.71% | 5.78% | 3.76% |
| Q2 2026 | 5.72% | 1.92% | 3.95% | 6.08% | 3.81% |
Alerus Financial, N.A. yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Alerus Financial, N.A., freeSource: Call Report Schedules RI and RC-K, 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)