Call reports 2004
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2004
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 589,017,000 | 606,434,000 | 613,603,000 | 631,033,000 |
| Total loans | 364,603,000 | 396,726,000 | 414,510,000 | 438,343,000 |
| Allowance for loan losses | 4,153,000 | 4,479,000 | 4,632,000 | 4,846,000 |
| Securities available for sale | 117,448,000 | 107,373,000 | 102,170,000 | 99,865,000 |
| Securities held to maturity | 14,303,000 | 13,472,000 | 13,312,000 | 13,297,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 495,191,000 | 462,741,000 | 458,769,000 | 497,366,000 |
| Interest-bearing deposits | 467,853,000 | 435,602,000 | 423,120,000 | 452,111,000 |
| Noninterest-bearing deposits | 27,338,000 | 27,139,000 | 35,649,000 | 45,255,000 |
| Equity capital | 45,394,000 | 44,755,000 | 46,492,000 | 49,184,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 6,751,000 | 14,044,000 | 21,567,000 | 29,528,000 |
| Interest expense | 1,699,000 | 3,544,000 | 5,506,000 | 7,665,000 |
| Net interest income | 5,052,000 | 10,500,000 | 16,061,000 | 21,863,000 |
| Noninterest income | 4,811,000 | 9,608,000 | 14,396,000 | 19,564,000 |
| Noninterest expense | 7,463,000 | 14,808,000 | 22,164,000 | 29,933,000 |
| Provision for loan losses | -111,000 | -367,000 | -142,000 | 83,000 |
| Pretax income | 2,511,000 | 5,667,000 | 8,436,000 | 11,416,000 |
| Income tax | 861,000 | 1,950,000 | 2,920,000 | 3,757,000 |
| Net income | 1,650,000 | 3,717,000 | 5,516,000 | 7,659,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,867,000 | 41,796,000 | 42,387,000 | 45,335,000 |
| Total capital | 44,020,000 | 46,290,000 | 47,063,000 | 52,701,000 |
| Risk-weighted assets | 445,584,000 | 467,069,000 | 479,421,000 | 496,013,000 |
Machine access — free, no API key
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