Call reports 2013
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2013
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 1,321,577,000 | 1,290,503,000 | 1,284,768,000 | 1,375,749,000 |
| Total loans | 842,406,000 | 910,716,000 | 914,173,000 | 940,468,000 |
| Allowance for loan losses | 15,084,000 | 15,952,000 | 16,076,000 | 16,438,000 |
| Securities available for sale | 229,533,000 | 213,592,000 | 203,830,000 | 222,879,000 |
| Securities held to maturity | 48,683,000 | 49,503,000 | 48,223,000 | 54,892,000 |
| Trading assets | 2,163,000 | 2,205,000 | 2,187,000 | 2,399,000 |
| Total deposits | 1,130,818,000 | 1,062,913,000 | 1,095,352,000 | 1,187,419,000 |
| Interest-bearing deposits | 912,721,000 | 870,802,000 | 861,619,000 | 882,377,000 |
| Noninterest-bearing deposits | 218,097,000 | 192,111,000 | 233,733,000 | 305,042,000 |
| Equity capital | 140,858,000 | 140,601,000 | 144,294,000 | 146,582,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 12,813,000 | 25,108,000 | 37,638,000 | 50,267,000 |
| Interest expense | 957,000 | 1,905,000 | 2,840,000 | 3,724,000 |
| Net interest income | 11,856,000 | 23,203,000 | 34,798,000 | 46,543,000 |
| Noninterest income | 19,855,000 | 40,459,000 | 60,567,000 | 79,094,000 |
| Noninterest expense | 22,662,000 | 44,566,000 | 67,716,000 | 90,386,000 |
| Provision for loan losses | 0 | 200,000 | 200,000 | 800,000 |
| Pretax income | 9,083,000 | 18,930,000 | 27,404,000 | 34,381,000 |
| Income tax | 3,310,000 | 7,050,000 | 9,985,000 | 12,360,000 |
| Net income | 5,773,000 | 11,880,000 | 17,419,000 | 22,021,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 123,808,000 | 127,564,000 | 130,408,000 | 134,283,000 |
| Total capital | 136,264,000 | 140,998,000 | 144,078,000 | 147,683,000 |
| Risk-weighted assets | 953,493,000 | 1,031,810,000 | 1,050,943,000 | 1,092,139,000 |
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