Alerus Financial, National Association in Grand Forks, North Dakota (ND), MN, AZ
Overview, Financial Summary, Detailed Financial Reports, Branches


Alerus Financial, National Association - Overview

  • General
  • FDIC Certificate #: 3931
    Status: Active
    Federal Reserve ID: 933256
    Bank Holding Company (Regulatory Top Holder): Alerus Financial Corporation (RSSDID: 2067007, Location: Grand Forks, ND)
    Date Established: September 30, 1933
    WWW: http://www.alerusfinancial.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Domestic: 16, Interstate: Yes)
    OTS Docket #: 10999
    FDIC's unique #: 2563
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 01, 2012
    Last Structure Change Process Date: Febuary 24, 2012
    Last Data Update: Febuary 24, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Demers Avenue, Grand Forks, ND 58201
    County: Grand Forks
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985)
    Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220)
    CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
  • Financial Summary
  • Total assets: $1,154.4 mil
    Equity capital: $123.2 mil
    Deposits held in domestic offices: $988.9 mil
    Return on assets (ROA): 0.98% ($11.3 mil)
    Quarterly return on assets: 1.13% ($13.0 mil)
    Return on Equity (ROE): 10.58% ($13.0 mil)
    Quarterly return on equity: 10.74% ($13.2 mil)
    Net income: $11.3 mil
    Quarterly Net income: $3.3 mil
    Pretax return on assets: 1.47% ($16,969.1 mil)
    Quarterly Pretax return on assets: 1.60% ($18,469.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 454Total employees (full-time equivalent)
  • $1,154,358Total assets
  • $60,663Cash and due from depository institutions
  • $35,328Interest-bearing balances
  • $276,574Securities
  • $295Federal funds sold & reverse repurchase agreements
  • $709,514Net loans & leases
  • $12,826Loan loss allowance
  • $1,287Trading account assets
  • $21,529Bank premises and fixed assets
  • $11,916Other real estate owned
  • $11,979Goodwill and other intangibles
  • $1,154,358Life insurance assets
  • $60,601All other assets
  • $1,031,148Total liabilities and capital
  • $988,855Total liabilities
  • $800,016Total deposits
  • $988,855Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 6194.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $2,500Other borrowed funds
  • $13,599Subordinated debt
  • $123,210All other liabilities
  • $123,210Total equity capital
  • $123,210Total bank equity capital
  • $0Perpetual preferred stock
  • $4,100Common stock
  • $32,018Surplus
  • $87,092Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $48,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,044Income earned, not collected on loans
  • $1,361Earning assets
  • $4,876Long-term assets (5+ years)
  • $1,022,998Average Assets, year-to-date
  • $322,925Average Assets, quarterly
  • $1,145,727Volatile liabilities
  • $1,156,922Insider loans
  • $827,262FHLB advances
  • $1,148,251Loans and leases held for sale
  • $24,981Unused loan commitments
  • $18,099Tier 1 (core) risk-based capital
  • $109,303Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,882Total unused commitments
  • $248,596Restructured Loans and leases
  • $253Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,085Total interest income
  • $6,729Total interest expense
  • $46,356Net interest income
  • $4,418Provision for loan and lease losses
  • $55,351Total noninterest income
  • $35,146Fiduciary activities
  • $1,655Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18,550Additional noninterest income
  • $80,393Total noninterest expense
  • $44,641Salaries and employee benefits
  • $6,365Premises and equipment expense
  • $29,387Additional noninterest expense
  • $16,896Pre-tax net operating income
  • -$11Securities gains (losses)
  • $5,616Applicable income taxes
  • $11,269Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,269Net income attributable to bank
  • $0Net charge-offs
  • $11,269Cash dividends
  • $433Sale, conversion, retirement of capital stock, net
  • $2,951Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.54%Net interest margin
  • 5.42%Noninterest income to earning assets
  • 7.88%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 10.58%Return on equity (ROE)
  • 7.81%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 1020.32%Credit loss provision to net charge-offs
  • 49.22%Efficiency ratio
  • 77,055Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.19%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 98.33%Noncurrent assets plus other real estate owned to assets
  • 2.16%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 71.75%Net loans and leases to core deposits
  • 74.75%Equity capital to assets
  • 10.67%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 13.21%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,145,727Average earning assets
  • $106,478Average equity
  • $1,020,819Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $8,799,712Managed Assets
  • 1Number of Accounts
  • $1,242,377Personal trust and agency accounts
  • $143,421Employee benefit-defined contribution accounts
  • $139,872Employee benefit-defined benefit accounts
  • $128,158Other retirement accounts
  • $219,925Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $492,538Other fiduciary accounts
  • $60,389Fiduciary accounts held in foreign offices
  • $58,074Non-managed Assets
  • 4173Number of Accounts
  • $0Personal trust and agency accounts
  • $218,065Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,557,335Other retirement accounts
  • $82,391Corporate trust and agency accounts
  • $7,294,833Other fiduciary accounts
  • $7,756Fiduciary accounts held in foreign offices

List of branches

  • 2 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    24494061Peoria Branch13373 N Plaza Del Rio Blvd, Peoria, AZ 85381May 29, 2009Full Service Brick and Mortar
    29418960Scottsdale Road Branch17045 North Scottsdale Road, Scottsdale, AZ 85255May 05, 2003Full Service Brick and Mortar
  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2156236Alerus National Association Branch10900 Wayzata Boulevard, Minnetonka, MN 55305October 03, 1994Full Service Brick and Mortar
    2574649Prosperan Bank Branch990 Helena Street North, Oakdale, MN 55128April 06, 1999Full Service Brick and Mortar
    26364431Maplewood Branch2520 White Bear Avenue, Maplewood, MN 55109August 08, 2002Full Service Brick and Mortar
  • 11 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02563Alerus Financial, National Association401 Demers Avenue, Grand Forks, ND 58201September 30, 1933Full Service Brick and Mortar
    440356South Branch2300 South Columbia Road, Grand Forks, ND 58201August 24, 1989Full Service Brick and Mortar
    56563Northwood Branch503 Washington Ave., Northwood, ND 58267May 29, 1931Full Service Brick and Mortar
    66567West Fargo Branch901 13th Avenue East, West Fargo, ND 58078July 15, 1925Full Service Brick and Mortar
    7222033West Fargo Branch110 Sheyenne Street, West Fargo, ND 58078May 14, 1979Limited Service Retail
    847049Broadway Branch15 Broadway, Fargo, ND 58102May 10, 1991Full Service Brick and Mortar
    14202169Thirty Second Avenue Branch1750 32nd Avenue South, Grand Forks, ND 58201November 21, 1994Full Service Brick and Mortar
    16202171Express Branch516 Demers Avenue, Grand Forks, ND 58201August 15, 1997Full Service Brick and Mortar
    18289276Fargo Branch3137 32nd Avenue Sw, Fargo, ND 58103Febuary 15, 1999Full Service Brick and Mortar
    19452511Osgood Branch4201 45th Street South, Fargo, ND 58104June 15, 2006Full Service Brick and Mortar
    20452512Eagle Run Branch3342 Sheyenne Street, West Fargo, ND 58078June 15, 2006Full Service Brick and Mortar

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