Call reports 2005
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2005
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 608,407,000 | 618,374,000 | 619,214,000 | 654,128,000 |
| Total loans | 441,551,000 | 460,009,000 | 464,996,000 | 488,517,000 |
| Allowance for loan losses | 5,010,000 | 5,230,000 | 5,435,000 | 5,498,000 |
| Securities available for sale | 94,042,000 | 90,789,000 | 87,056,000 | 90,886,000 |
| Securities held to maturity | 13,282,000 | 13,182,000 | 12,967,000 | 14,232,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 536,884,000 | 502,602,000 | 512,029,000 | 557,421,000 |
| Interest-bearing deposits | 502,584,000 | 467,746,000 | 477,326,000 | 512,792,000 |
| Noninterest-bearing deposits | 34,300,000 | 34,856,000 | 34,703,000 | 44,629,000 |
| Equity capital | 50,725,000 | 53,596,000 | 54,854,000 | 55,127,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 8,041,000 | 16,657,000 | 26,028,000 | 35,618,000 |
| Interest expense | 2,347,000 | 5,052,000 | 8,212,000 | 11,804,000 |
| Net interest income | 5,694,000 | 11,605,000 | 17,816,000 | 23,814,000 |
| Noninterest income | 7,251,000 | 12,357,000 | 17,730,000 | 23,438,000 |
| Noninterest expense | 7,469,000 | 14,946,000 | 22,648,000 | 30,651,000 |
| Provision for loan losses | 236,000 | 473,000 | 708,000 | 945,000 |
| Pretax income | 5,240,000 | 8,543,000 | 12,190,000 | 15,656,000 |
| Income tax | 1,872,000 | 3,030,000 | 4,320,000 | 5,507,000 |
| Net income | 3,368,000 | 5,513,000 | 7,870,000 | 10,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,158,000 | 50,380,000 | 52,129,000 | 52,987,000 |
| Total capital | 55,691,000 | 58,125,000 | 60,085,000 | 61,005,000 |
| Risk-weighted assets | 490,741,000 | 504,775,000 | 522,181,000 | 555,085,000 |
Machine access — free, no API key
Every figure shown here about ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2005 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts, and since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.