Call reports 2018
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2018
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 2,087,107,000 | 2,174,683,000 | 2,170,974,000 | 2,176,480,000 |
| Total loans | 1,661,993,000 | 1,741,596,000 | 1,752,328,000 | 1,748,367,000 |
| Allowance for loan losses | 18,023,000 | 19,869,000 | 21,011,000 | 22,174,000 |
| Securities available for sale | 254,155,000 | 245,352,000 | 241,746,000 | 250,174,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,918,000 | 1,907,000 | 1,894,000 | 1,539,000 |
| Total deposits | 1,831,031,000 | 1,800,909,000 | 1,826,328,000 | 1,807,501,000 |
| Interest-bearing deposits | 1,249,846,000 | 1,187,201,000 | 1,262,833,000 | 1,236,164,000 |
| Noninterest-bearing deposits | 581,185,000 | 613,707,000 | 563,494,000 | 571,337,000 |
| Equity capital | 234,308,000 | 237,116,000 | 244,608,000 | 249,942,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 20,458,000 | 42,273,000 | 64,471,000 | 87,702,000 |
| Interest expense | 1,431,000 | 3,446,000 | 5,812,000 | 8,887,000 |
| Net interest income | 19,027,000 | 38,827,000 | 58,659,000 | 78,815,000 |
| Noninterest income | 24,332,000 | 50,083,000 | 76,364,000 | 102,541,000 |
| Noninterest expense | 31,811,000 | 64,796,000 | 98,524,000 | 133,844,000 |
| Provision for loan losses | 1,530,000 | 5,550,000 | 7,080,000 | 8,610,000 |
| Pretax income | 9,990,000 | 18,631,000 | 29,487,000 | 38,987,000 |
| Income tax | 2,089,000 | 4,031,000 | 6,372,000 | 8,665,000 |
| Net income | 7,901,000 | 14,600,000 | 23,115,000 | 30,322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 185,480,000 | 190,499,000 | 200,258,000 | 204,680,000 |
| Total capital | 203,503,000 | 210,368,000 | 221,269,000 | 226,854,000 |
| Risk-weighted assets | 1,727,350,000 | 1,798,624,000 | 1,807,295,000 | 1,797,802,000 |
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