Call reports 2009
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2009
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 791,126,000 | 760,912,000 | 958,140,000 | 1,120,512,000 |
| Total loans | 547,531,000 | 564,549,000 | 541,398,000 | 616,639,000 |
| Allowance for loan losses | 8,442,000 | 9,067,000 | 9,697,000 | 11,053,000 |
| Securities available for sale | 73,889,000 | 67,831,000 | 209,139,000 | 266,823,000 |
| Securities held to maturity | 17,951,000 | 21,893,000 | 21,867,000 | 21,841,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 673,732,000 | 641,803,000 | 836,460,000 | 948,273,000 |
| Interest-bearing deposits | 551,586,000 | 534,465,000 | 668,702,000 | 816,068,000 |
| Noninterest-bearing deposits | 122,146,000 | 107,338,000 | 167,758,000 | 132,205,000 |
| Equity capital | 76,155,000 | 78,515,000 | 81,571,000 | 85,267,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 9,134,000 | 18,330,000 | 28,104,000 | 38,960,000 |
| Interest expense | 2,814,000 | 5,280,000 | 8,059,000 | 11,138,000 |
| Net interest income | 6,320,000 | 13,050,000 | 20,045,000 | 27,822,000 |
| Noninterest income | 8,644,000 | 17,439,000 | 26,264,000 | 43,843,000 |
| Noninterest expense | 12,213,000 | 24,331,000 | 36,521,000 | 52,172,000 |
| Provision for loan losses | 1,300,000 | 2,472,000 | 4,722,000 | 7,185,000 |
| Pretax income | 1,451,000 | 3,686,000 | 5,066,000 | 11,559,000 |
| Income tax | 417,000 | 1,117,000 | 1,489,000 | 3,781,000 |
| Net income | 1,034,000 | 2,569,000 | 3,577,000 | 7,778,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,173,000 | 69,792,000 | 69,910,000 | 72,706,000 |
| Total capital | 78,573,000 | 80,374,000 | 80,687,000 | 83,382,000 |
| Risk-weighted assets | 633,904,000 | 649,763,000 | 656,356,000 | 684,054,000 |
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