Call reports 2011
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2011
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 1,181,715,000 | 1,120,897,000 | 1,159,486,000 | 1,154,398,000 |
| Total loans | 682,881,000 | 705,596,000 | 727,976,000 | 722,340,000 |
| Allowance for loan losses | 9,993,000 | 10,464,000 | 11,875,000 | 12,826,000 |
| Securities available for sale | 228,229,000 | 216,281,000 | 178,646,000 | 205,160,000 |
| Securities held to maturity | 71,501,000 | 69,991,000 | 69,871,000 | 71,414,000 |
| Trading assets | 2,497,000 | 1,717,000 | 1,702,000 | 1,287,000 |
| Total deposits | 1,042,405,000 | 984,575,000 | 997,497,000 | 988,855,000 |
| Interest-bearing deposits | 877,632,000 | 811,117,000 | 819,707,000 | 800,016,000 |
| Noninterest-bearing deposits | 164,773,000 | 173,458,000 | 177,790,000 | 188,839,000 |
| Equity capital | 95,754,000 | 99,004,000 | 121,346,000 | 123,233,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 11,493,000 | 24,966,000 | 38,982,000 | 53,085,000 |
| Interest expense | 1,861,000 | 3,639,000 | 5,272,000 | 6,729,000 |
| Net interest income | 9,632,000 | 21,327,000 | 33,710,000 | 46,356,000 |
| Noninterest income | 12,726,000 | 25,760,000 | 39,603,000 | 55,351,000 |
| Noninterest expense | 18,514,000 | 37,855,000 | 57,679,000 | 80,393,000 |
| Provision for loan losses | 1,118,000 | 1,743,000 | 3,368,000 | 4,418,000 |
| Pretax income | 2,718,000 | 7,504,000 | 12,256,000 | 16,885,000 |
| Income tax | 906,000 | 2,610,000 | 4,269,000 | 5,593,000 |
| Net income | 1,812,000 | 4,894,000 | 7,987,000 | 11,292,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,459,000 | 83,068,000 | 106,644,000 | 109,425,000 |
| Total capital | 91,952,000 | 94,695,000 | 118,341,000 | 120,716,000 |
| Risk-weighted assets | 805,326,000 | 809,813,000 | 827,036,000 | 827,323,000 |
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