Call reports 2007
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2007
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 748,600,000 | 719,957,000 | 706,235,000 | 704,621,000 |
| Total loans | 522,163,000 | 536,958,000 | 532,185,000 | 518,611,000 |
| Allowance for loan losses | 6,018,000 | 6,215,000 | 6,448,000 | 6,252,000 |
| Securities available for sale | 88,721,000 | 89,306,000 | 85,955,000 | 85,664,000 |
| Securities held to maturity | 21,952,000 | 21,830,000 | 21,306,000 | 21,286,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 657,739,000 | 603,353,000 | 582,824,000 | 593,756,000 |
| Interest-bearing deposits | 611,321,000 | 563,320,000 | 554,785,000 | 565,431,000 |
| Noninterest-bearing deposits | 46,418,000 | 40,033,000 | 28,039,000 | 28,325,000 |
| Equity capital | 68,714,000 | 69,048,000 | 71,682,000 | 73,799,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 11,293,000 | 22,931,000 | 34,447,000 | 45,522,000 |
| Interest expense | 5,315,000 | 10,629,000 | 15,994,000 | 20,916,000 |
| Net interest income | 5,978,000 | 12,302,000 | 18,453,000 | 24,606,000 |
| Noninterest income | 7,307,000 | 14,653,000 | 22,358,000 | 32,475,000 |
| Noninterest expense | 9,778,000 | 19,531,000 | 28,349,000 | 39,912,000 |
| Provision for loan losses | 240,000 | 480,000 | 720,000 | 960,000 |
| Pretax income | 3,267,000 | 6,944,000 | 11,742,000 | 16,209,000 |
| Income tax | 1,099,000 | 2,321,000 | 3,990,000 | 5,633,000 |
| Net income | 2,168,000 | 4,623,000 | 7,752,000 | 10,576,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,871,000 | 64,894,000 | 62,542,000 | 60,230,000 |
| Total capital | 72,412,000 | 73,633,000 | 71,509,000 | 68,982,000 |
| Risk-weighted assets | 608,850,000 | 615,876,000 | 606,943,000 | 602,101,000 |
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