Call reports 2019
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2019
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 2,211,046,000 | 2,203,635,000 | 2,225,753,000 | 2,354,874,000 |
| Total loans | 1,769,905,000 | 1,758,068,000 | 1,752,108,000 | 1,768,125,000 |
| Allowance for loan losses | 22,638,000 | 21,246,000 | 22,984,000 | 23,924,000 |
| Securities available for sale | 255,900,000 | 253,721,000 | 278,716,000 | 310,350,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,911,706,000 | 1,760,320,000 | 1,905,323,000 | 2,044,964,000 |
| Interest-bearing deposits | 1,362,328,000 | 1,247,344,000 | 1,295,162,000 | 1,393,613,000 |
| Noninterest-bearing deposits | 549,378,000 | 512,976,000 | 610,160,000 | 651,351,000 |
| Equity capital | 256,751,000 | 269,143,000 | 270,973,000 | 274,568,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 23,310,000 | 46,788,000 | 70,413,000 | 93,300,000 |
| Interest expense | 3,281,000 | 7,561,000 | 11,608,000 | 15,139,000 |
| Net interest income | 20,029,000 | 39,227,000 | 58,805,000 | 78,161,000 |
| Noninterest income | 25,001,000 | 54,870,000 | 84,360,000 | 113,912,000 |
| Noninterest expense | 32,949,000 | 67,659,000 | 104,366,000 | 140,238,000 |
| Provision for loan losses | 2,220,000 | 4,017,000 | 5,515,000 | 7,312,000 |
| Pretax income | 9,988,000 | 22,730,000 | 33,641,000 | 44,880,000 |
| Income tax | 2,454,000 | 5,616,000 | 8,296,000 | 10,791,000 |
| Net income | 7,534,000 | 17,114,000 | 25,345,000 | 34,089,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 210,441,000 | 221,218,000 | 222,600,000 | 228,512,000 |
| Total capital | 233,079,000 | 242,464,000 | 245,584,000 | 252,436,000 |
| Risk-weighted assets | 1,884,975,000 | 1,859,592,000 | 1,879,870,000 | 1,919,147,000 |
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