Call reports 2010
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2010
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,124,321,000 | 1,053,200,000 | 1,075,275,000 | 1,112,179,000 |
| Total loans | 645,658,000 | 661,582,000 | 696,791,000 | 633,535,000 |
| Allowance for loan losses | 13,013,000 | 12,091,000 | 9,316,000 | 8,841,000 |
| Securities available for sale | 256,877,000 | 253,516,000 | 217,785,000 | 223,846,000 |
| Securities held to maturity | 19,861,000 | 18,378,000 | 18,377,000 | 18,364,000 |
| Trading assets | 0 | 0 | 0 | 2,443,000 |
| Total deposits | 981,596,000 | 909,507,000 | 935,308,000 | 953,715,000 |
| Interest-bearing deposits | 864,334,000 | 782,493,000 | 784,019,000 | 795,963,000 |
| Noninterest-bearing deposits | 117,262,000 | 127,014,000 | 151,289,000 | 157,751,000 |
| Equity capital | 87,844,000 | 90,957,000 | 92,325,000 | 93,077,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 11,893,000 | 25,039,000 | 39,148,000 | 52,571,000 |
| Interest expense | 3,077,000 | 5,911,000 | 8,458,000 | 10,692,000 |
| Net interest income | 8,816,000 | 19,128,000 | 30,690,000 | 41,879,000 |
| Noninterest income | 11,812,000 | 24,166,000 | 37,312,000 | 52,506,000 |
| Noninterest expense | 17,042,000 | 34,991,000 | 54,666,000 | 75,485,000 |
| Provision for loan losses | 2,679,000 | 3,904,000 | 5,195,000 | 6,820,000 |
| Pretax income | 907,000 | 4,399,000 | 8,142,000 | 9,298,000 |
| Income tax | 201,000 | 1,371,000 | 2,652,000 | 2,920,000 |
| Net income | 706,000 | 3,028,000 | 5,490,000 | 6,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,879,000 | 75,472,000 | 78,267,000 | 78,659,000 |
| Total capital | 84,883,000 | 86,966,000 | 89,583,000 | 88,648,000 |
| Risk-weighted assets | 703,320,000 | 756,452,000 | 745,899,000 | 679,613,000 |
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