Alerus Financial, National Association
Grand Forks, ND
IDRSSD: 933256
Total Assets
$5.21B
Latest filing
Total Deposits
$4.24B
Latest filing
Net Interest Margin
3.78%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
091300159GRAND FORKS, ND
Key People
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Locations
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Main Office
Alerus Financial, National Association
401 Demers Ave
Grand Forks, ND 58201
Full Service - Brick and Mortar
Updated 01/30/2026Established 09/30/1933FDIC Certificate 2563
Branches (28)
Page 1 of 4| Name | Address | City / State |
|---|---|---|
| Alerus Financial, National Association (Main) | 401 Demers Ave | Grand Forks, ND |
| WEST FARGO BRANCH | 110 Sheyenne St | West Fargo, ND |
| EXCELSIOR BRANCH | 409 2nd St | Excelsior, MN |
| KASSON BRANCH | 502 S Mantorville Ave | Kasson, MN |
| 2 AUSTIN BRANCH | 201 W Oakland Ave | Austin, MN |
| 5 LA CRESCENT BRANCH | 208 S Walnut St | La Crescent, MN |
| 1 SPRING VALLEY BRANCH | 715 N Broadway St | Spring Valley, MN |
| SOUTH BRANCH | 2300 S Columbia Rd | Grand Forks, ND |
Showing 7 of 28
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 09/30/1933 |
| Community Bank | No |
| Ownership Type | Not Mutual |
| ZIP | 58201 |
| State and County Number | 38035 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 09 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Grand Forks, ND-MN |
Operational Info
| Number of Employees | 866 |
| Domestic Offices | 29 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 10/09/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | http://www.alerus.com |
| Data Updated | 01/30/2026 |
| CERT | 3931 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $5.21B |
| Total Deposits | $4.24B |
| Total Liabilities | $4.65B |
| Total Equity Capital | $561.48M |
| Net Income | $-31,953,000 |
| Net Loans and Leases | $4.01B |
| Assets Per Employee ($Millions) | $6.17M |
| Bank Premises and Fixed Assets | $72.01M |
| Cash and Balances due from Depository Institutions | $67.19M |
| Deposits Held in Domestic Offices | $4.24B |
Key Performance Ratios
| Return on Assets (ROA) | -2.43% |
| Return on Equity (ROE) | -22.97% |
| Net Interest Margin | 3.78% |
| Efficiency Ratio | 62.74% |
| Tier 1 Risk-Based Capital Ratio | 10.407% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.02% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.773% |
| Earning Assets to total Assets | 92.22% |
Income and Expense
| Total Interest Income | $70.39M |
| Total Noninterest Income | $31.36M |
| Total Interest Expense | $24.57M |
| Total Noninterest Expense | $50.81M |
| Net Interest Income | $45.82M |
| Pre-tax Net Operating Income | $26.68M |
| Provision for Credit Losses | $-307,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $297.00k |
| Other borrowed funds | $250.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $58.80M |
| All Other Liabilities | $100.22M |
| Total Liabilities and Capital | $5.21B |
Securities
| Securities | $768.89M |
| Available-for-sale debt securities | $514.10M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $254.57M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Alerus Financial, National Association?
$5.21B as of the latest filing.
How much are Alerus Financial, National Association's total deposits?
$4.24B in total deposits.
Where is Alerus Financial, National Association located?
Grand Forks, ND.
What is the Net Interest Margin?
3.78%.
How many domestic offices does it operate?
29.
When was it established?
09/30/1933.
What is the Return on Assets (ROA)?
-2.43%.
How much are total loans and leases?
$4.01B (latest filing).
What is the total interest income (latest filing)?
$70.39M.