Call reports 2014
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2014
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,365,388,000 | 1,527,255,000 | 1,491,650,000 | 1,477,918,000 |
| Total loans | 945,311,000 | 1,097,902,000 | 1,092,011,000 | 1,128,699,000 |
| Allowance for loan losses | 16,388,000 | 16,505,000 | 16,492,000 | 17,063,000 |
| Securities available for sale | 218,750,000 | 227,001,000 | 207,593,000 | 204,141,000 |
| Securities held to maturity | 52,927,000 | 52,833,000 | 0 | 0 |
| Trading assets | 2,486,000 | 2,691,000 | 2,818,000 | 1,960,000 |
| Total deposits | 1,171,565,000 | 1,232,383,000 | 1,220,677,000 | 1,265,418,000 |
| Interest-bearing deposits | 913,405,000 | 936,779,000 | 923,904,000 | 932,100,000 |
| Noninterest-bearing deposits | 258,160,000 | 295,605,000 | 296,774,000 | 333,318,000 |
| Equity capital | 151,993,000 | 152,092,000 | 157,852,000 | 164,214,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 12,290,000 | 24,950,000 | 39,856,000 | 54,161,000 |
| Interest expense | 797,000 | 1,570,000 | 2,404,000 | 3,195,000 |
| Net interest income | 11,493,000 | 23,380,000 | 37,452,000 | 50,966,000 |
| Noninterest income | 16,557,000 | 35,687,000 | 55,317,000 | 75,714,000 |
| Noninterest expense | 20,976,000 | 44,835,000 | 69,711,000 | 96,879,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 7,096,000 | 14,570,000 | 25,219,000 | 31,980,000 |
| Income tax | 2,594,000 | 4,931,000 | 8,931,000 | 9,775,000 |
| Net income | 4,502,000 | 9,639,000 | 16,288,000 | 22,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 139,640,000 | 137,008,000 | 144,824,000 | 139,640,000 |
| Total capital | 153,266,000 | 152,407,000 | 160,412,000 | 155,129,000 |
| Risk-weighted assets | 1,087,390,000 | 1,230,848,000 | 1,246,158,000 | 1,237,664,000 |
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