Call reports 2008
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2008
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 717,480,000 | 737,883,000 | 751,828,000 | 756,324,000 |
| Total loans | 511,445,000 | 546,597,000 | 557,669,000 | 550,817,000 |
| Allowance for loan losses | 6,422,000 | 6,978,000 | 7,853,000 | 7,813,000 |
| Securities available for sale | 91,803,000 | 85,857,000 | 82,315,000 | 74,322,000 |
| Securities held to maturity | 22,277,000 | 17,512,000 | 17,995,000 | 17,973,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 596,309,000 | 559,752,000 | 584,740,000 | 636,549,000 |
| Interest-bearing deposits | 552,418,000 | 516,785,000 | 543,642,000 | 519,928,000 |
| Noninterest-bearing deposits | 43,891,000 | 42,967,000 | 41,098,000 | 116,621,000 |
| Equity capital | 75,943,000 | 76,612,000 | 77,019,000 | 76,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 10,299,000 | 20,250,000 | 30,194,000 | 39,966,000 |
| Interest expense | 4,138,000 | 7,593,000 | 10,936,000 | 14,060,000 |
| Net interest income | 6,161,000 | 12,657,000 | 19,258,000 | 25,906,000 |
| Noninterest income | 9,942,000 | 19,525,000 | 28,565,000 | 39,394,000 |
| Noninterest expense | 11,059,000 | 22,407,000 | 34,213,000 | 47,098,000 |
| Provision for loan losses | 470,000 | 1,159,000 | 2,174,000 | 2,844,000 |
| Pretax income | 4,574,000 | 8,616,000 | 10,575,000 | 14,347,000 |
| Income tax | 1,584,000 | 2,736,000 | 3,414,000 | 4,816,000 |
| Net income | 2,990,000 | 5,880,000 | 7,161,000 | 9,531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,217,000 | 65,117,000 | 66,083,000 | 66,456,000 |
| Total capital | 72,139,000 | 74,595,000 | 76,436,000 | 76,769,000 |
| Risk-weighted assets | 604,905,000 | 624,781,000 | 640,255,000 | 635,304,000 |
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