Call reports 2017
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2017
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 2,002,709,000 | 2,035,194,000 | 2,060,839,000 | 2,134,927,000 |
| Total loans | 1,419,499,000 | 1,541,927,000 | 1,588,160,000 | 1,592,412,000 |
| Allowance for loan losses | 15,754,000 | 16,134,000 | 15,367,000 | 16,564,000 |
| Securities available for sale | 273,453,000 | 296,475,000 | 283,918,000 | 272,466,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,958,000 | 1,963,000 | 1,959,000 | 1,945,000 |
| Total deposits | 1,749,545,000 | 1,648,948,000 | 1,608,634,000 | 1,842,170,000 |
| Interest-bearing deposits | 1,218,507,000 | 1,125,472,000 | 1,113,321,000 | 1,215,632,000 |
| Noninterest-bearing deposits | 531,038,000 | 523,476,000 | 495,312,000 | 626,539,000 |
| Equity capital | 226,696,000 | 230,048,000 | 233,255,000 | 234,607,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 17,226,000 | 35,718,000 | 55,687,000 | 75,637,000 |
| Interest expense | 868,000 | 1,862,000 | 3,204,000 | 4,462,000 |
| Net interest income | 16,358,000 | 33,856,000 | 52,483,000 | 71,175,000 |
| Noninterest income | 23,890,000 | 50,791,000 | 76,905,000 | 102,872,000 |
| Noninterest expense | 31,904,000 | 65,131,000 | 100,025,000 | 132,803,000 |
| Provision for loan losses | 0 | 640,000 | 1,960,000 | 3,280,000 |
| Pretax income | 8,343,000 | 18,881,000 | 27,403,000 | 37,951,000 |
| Income tax | 2,663,000 | 7,878,000 | 10,693,000 | 18,908,000 |
| Net income | 5,680,000 | 11,003,000 | 16,710,000 | 19,043,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 175,437,000 | 179,723,000 | 183,897,000 | 187,115,000 |
| Total capital | 191,191,000 | 195,856,000 | 199,264,000 | 203,679,000 |
| Risk-weighted assets | 1,594,155,000 | 1,694,908,000 | 1,715,412,000 | 1,699,034,000 |
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