Call reports 2015
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2015
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,503,383,000 | 1,557,062,000 | 1,569,024,000 | 1,738,618,000 |
| Total loans | 1,159,442,000 | 1,238,661,000 | 1,184,193,000 | 1,173,763,000 |
| Allowance for loan losses | 18,492,000 | 18,414,000 | 13,976,000 | 14,688,000 |
| Securities available for sale | 181,449,000 | 176,448,000 | 172,906,000 | 190,396,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 2,257,000 | 2,445,000 | 2,594,000 | 2,048,000 |
| Total deposits | 1,284,987,000 | 1,308,816,000 | 1,345,465,000 | 1,479,630,000 |
| Interest-bearing deposits | 963,716,000 | 964,112,000 | 941,498,000 | 1,030,763,000 |
| Noninterest-bearing deposits | 321,271,000 | 344,704,000 | 403,967,000 | 448,867,000 |
| Equity capital | 168,863,000 | 173,616,000 | 178,964,000 | 209,798,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 13,839,000 | 27,871,000 | 42,164,000 | 56,177,000 |
| Interest expense | 774,000 | 1,578,000 | 2,402,000 | 3,228,000 |
| Net interest income | 13,065,000 | 26,293,000 | 39,762,000 | 52,949,000 |
| Noninterest income | 21,910,000 | 47,051,000 | 71,136,000 | 93,902,000 |
| Noninterest expense | 27,377,000 | 56,060,000 | 87,140,000 | 116,158,000 |
| Provision for loan losses | 675,000 | 1,350,000 | 2,025,000 | 4,200,000 |
| Pretax income | 6,949,000 | 15,929,000 | 21,744,000 | 26,476,000 |
| Income tax | 2,142,000 | 5,333,000 | 6,334,000 | 7,471,000 |
| Net income | 4,807,000 | 10,596,000 | 15,410,000 | 19,005,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 155,328,000 | 159,982,000 | 165,773,000 | 197,716,000 |
| Total capital | 172,259,000 | 177,805,000 | 179,749,000 | 212,403,000 |
| Risk-weighted assets | 1,352,931,000 | 1,424,993,000 | 1,412,123,000 | 1,376,030,000 |