Call reports 2016
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2016
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 2,042,811,000 | 1,929,874,000 | 1,933,711,000 | 2,048,652,000 |
| Total loans | 1,373,778,000 | 1,428,776,000 | 1,427,552,000 | 1,402,015,000 |
| Allowance for loan losses | 15,458,000 | 16,229,000 | 16,347,000 | 15,615,000 |
| Securities available for sale | 291,279,000 | 269,304,000 | 268,485,000 | 276,953,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,999,000 | 2,018,000 | 2,007,000 | 1,958,000 |
| Total deposits | 1,770,034,000 | 1,679,451,000 | 1,684,681,000 | 1,789,856,000 |
| Interest-bearing deposits | 1,305,561,000 | 1,190,096,000 | 1,189,555,000 | 1,230,720,000 |
| Noninterest-bearing deposits | 464,473,000 | 489,355,000 | 495,127,000 | 559,137,000 |
| Equity capital | 219,718,000 | 223,618,000 | 223,978,000 | 222,430,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 16,510,000 | 34,566,000 | 52,202,000 | 69,840,000 |
| Interest expense | 1,025,000 | 1,821,000 | 2,636,000 | 3,560,000 |
| Net interest income | 15,485,000 | 32,745,000 | 49,566,000 | 66,280,000 |
| Noninterest income | 24,526,000 | 51,469,000 | 76,726,000 | 105,153,000 |
| Noninterest expense | 32,915,000 | 70,261,000 | 106,125,000 | 141,441,000 |
| Provision for loan losses | 1,020,000 | 2,040,000 | 3,060,000 | 3,060,000 |
| Pretax income | 6,104,000 | 11,961,000 | 17,143,000 | 26,908,000 |
| Income tax | 1,843,000 | 3,763,000 | 5,477,000 | 8,911,000 |
| Net income | 4,261,000 | 8,198,000 | 11,666,000 | 17,997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 167,984,000 | 171,909,000 | 174,508,000 | 177,662,000 |
| Total capital | 183,442,000 | 188,138,000 | 190,855,000 | 193,276,000 |
| Risk-weighted assets | 1,598,975,000 | 1,657,506,000 | 1,613,978,000 | 1,600,871,000 |