Alerus Financial, N.A.: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Asset quality shifted last quarter, NPLs fell to 0.27% from 1.32% in the prior period. Alerus Financial, N.A. is an FDIC-insured commercial bank. As of Q2 2026, the bank held approximately $5.3B in total assets and $4.2B in deposits. Returns are notably above industry norms: 1.76% ROA, 15.91% ROE, and 3.95% NIM. Regulatory capital is solid, 10.92% CET1 and 12.11% total risk-based capital ratio. Asset quality is pristine, 0.27% NPLs and a 4.09% Texas Ratio. Its footprint covers 26 branches concentrated in North Dakota.
As of June 30, 2026, Alerus Financial, N.A. reported a CET1 capital ratio of 10.92%, a return on assets of 1.76%, a nonperforming-loan ratio of 0.27%, a Texas ratio of 4.09%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 401 Demers Ave, Grand Forks, ND 58201
- County
- Grand Forks
- Metro Area
- Grand Forks, ND-MN
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- September 30, 1933
- Former names
- First National Bank North Dakota (1991-2000)
- Offices
- 26 domestic
- Employees (FTE)
- 886
- Domestic deposits
- $4.24B
- Allowance for credit losses
- $48.4M
- Net charge-offs (YTD)
- $9.6M
- Average total assets
- $5.23B
- Average total loans
- $4.05B
- Average interest-bearing deposits
- $3.39B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 3931
- Fed RSSD
- 933256
- SEC CIK
- 903419 → filed by ALERUS FINANCIAL CORPORATION
- Website
- http://www.alerus.com →
- Parent Holding Company
- ALERUS FINANCIAL CORPORATION (RSSD 2067007) · ALRS
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Lorenson Katie A | CEO | Chief Executive Officer |
| Villalon Alan | CFO | EVP & Chief Financial Officer |
| Taylor Karin M | COO | EVP and COO |
| Collins Jim | CRO | EVP, CBO & CRO |
| Hendry Jon | CTO | Chief Technology Officer & EVP |
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Alerus Financial, N.A. terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Alerus Financial, N.A., freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Alerus Financial, N.A. rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.92% | 1.76% | 0.27% | 4.09% | 3.95% |
| Q1 2026 | 10.75% | 1.83% | 1.32% | 10.63% | 3.71% |
| Q4 2025 | 10.41% | -2.40% | 1.63% | 13.20% | 3.67% |
| Q3 2025 | 11.00% | 1.34% | 1.45% | 12.18% | 3.47% |
| Q2 2025 | 10.78% | 1.66% | 1.14% | 10.17% | 3.45% |
| Q1 2025 | 10.36% | 1.11% | 1.16% | 10.50% | 3.32% |
| Q4 2024 | 10.18% | 0.47% | 1.31% | 12.13% | 3.19% |
| Q3 2024 | 10.73% | 0.71% | 1.58% | 13.73% | 2.19% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 26 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Alerus National Association Branch | Minnetonka , MN | 55305 | $1.77B |
| Broadway Branch | Fargo , ND | 58102 | $410.2M |
| Home Federal Savings Bank Branch | Rochester , MN | 55901 | $335.7M |
| Alerus Financial, N.A. (main office) | Grand Forks , ND | 58201 | $332.9M |
| South Branch | Grand Forks , ND | 58201 | $232.3M |
| Fargo Urban Plains Branch | Fargo , ND | 58104 | $200.4M |
| Phoenix Branch | Phoenix , AZ | 85008 | $197.0M |
| Pewaukee Branch | Pewaukee , WI | 53072 | $76.9M |
| 7 Albert Lea Branch | Albert Lea , MN | 56007 | $74.3M |
| Prosperan Bank Branch | Oakdale , MN | 55128 | $72.3M |
| 1 Spring Valley Branch | Spring Valley , MN | 55975 | $64.8M |
| Kasson Branch | Kasson , MN | 55944 | $58.0M |
| 2 Austin Branch | Austin , MN | 55912 | $57.9M |
| Scottsdale Road Branch | Scottsdale , AZ | 85255 | $55.5M |
| Excelsior Branch | Excelsior , MN | 55331 | $45.4M |
| Beacon Bank, Eden Prairie Office | Eden Prairie , MN | 55344 | $42.4M |
| 9 Marshalltown Branch | Marshalltown , IA | 50158 | $39.2M |
| Shoreview Branch | Shoreview , MN | 55126 | $36.3M |
| 4 Winona Branch | Winona , MN | 55987 | $32.2M |
| 5 La Crescent Branch | La Crescent , MN | 55947 | $28.5M |
| 20 Rochester - Superior Dr Branch | Rochester , MN | 55901 | $20.3M |
| Owatonna Branch | Owatonna , MN | 55060 | $16.4M |
| Northwood Branch | Northwood , ND | 58267 | $14.9M |
| New Eagan Branch | Eagan , MN | 55121 | $14.6M |
| Rochester Downtown Branch | Rochester , MN | 55902 | $7.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 10, 2024 | Structure Change | Acquired Home Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 9, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 17, 2022 | Structure Change | Acquired Metro Phoenix Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 16, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 16, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 16, 2016 | Structure Change | Acquired Beacon Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 26, 2014 | Structure Change | Acquired Private Bank Minnesota Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 25, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 7, 2009 | Structure Change | Acquired Prosperan Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 6, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| July 18, 2009 | Structure Change | Acquired BankFirst Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 17, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| January 20, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 20, 2007 | Structure Change | Acquired another institution Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 2, 1991 | Structure Change | Acquired First Federal Savings and Loan Association of Fargo Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 1, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 20, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 20, 1991 | Structure Change | Acquired Northwood State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 16, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 16, 1990 | Structure Change | Acquired First National Bank South Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 20 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for Alerus Financial, N.A., each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.8% of deposits in ND, rank 13 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,624 applications, 2,118 loans originated, $758.1M originated, across 34 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Alerus Financial, N.A.
What are Alerus Financial, N.A.'s total assets?
As of the Q2 2026 filing, Alerus Financial, N.A. reported total assets of $5.28 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Alerus Financial, N.A. headquartered?
Alerus Financial, N.A. is headquartered in Grand Forks, ND, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was Alerus Financial, N.A. founded?
Alerus Financial, N.A. was established in 1933, per the FDIC institution directory.
Is Alerus Financial, N.A. FDIC-insured?
Yes. Alerus Financial, N.A. is an FDIC-insured commercial bank (FDIC Certificate #3931). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Alerus Financial, N.A.?
Alerus Financial, N.A.'s primary federal regulator is the OCC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Alerus Financial, N.A.'s CET1 capital ratio?
Alerus Financial, N.A. reported a Common Equity Tier 1 (CET1) capital ratio of 10.92% in its Q2 2026 call report, above regulatory requirements.
How many branches does Alerus Financial, N.A. operate?
Alerus Financial, N.A. operates 26 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Alerus Financial, N.A.'s Texas Ratio?
Alerus Financial, N.A.'s Texas Ratio is 4.09% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Alerus Financial, N.A. previously called?
The charter now named Alerus Financial, N.A. has also operated as First National Bank North Dakota (1991-2000), per FDIC structure-change records.
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