Call reports 2020
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2020
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,510,412,000 | 2,873,845,000 | 2,897,156,000 | 3,011,785,000 |
| Total loans | 1,830,535,000 | 2,135,948,000 | 2,169,730,000 | 2,101,815,000 |
| Allowance for loan losses | 27,019,000 | 27,256,000 | 31,337,000 | 34,246,000 |
| Securities available for sale | 354,149,000 | 393,727,000 | 495,414,000 | 592,342,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,196,083,000 | 2,527,305,000 | 2,538,806,000 | 2,648,694,000 |
| Interest-bearing deposits | 1,512,955,000 | 1,752,261,000 | 1,768,920,000 | 1,817,277,000 |
| Noninterest-bearing deposits | 683,128,000 | 775,044,000 | 769,886,000 | 831,417,000 |
| Equity capital | 282,322,000 | 293,625,000 | 309,158,000 | 316,479,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 23,106,000 | 46,612,000 | 70,901,000 | 96,102,000 |
| Interest expense | 3,392,000 | 5,950,000 | 7,633,000 | 8,843,000 |
| Net interest income | 19,714,000 | 40,662,000 | 63,268,000 | 87,259,000 |
| Noninterest income | 27,250,000 | 64,138,000 | 107,971,000 | 146,653,000 |
| Noninterest expense | 36,093,000 | 75,025,000 | 114,617,000 | 161,184,000 |
| Provision for loan losses | 2,500,000 | 6,000,000 | 9,500,000 | 10,900,000 |
| Pretax income | 8,371,000 | 25,069,000 | 49,844,000 | 64,565,000 |
| Income tax | 1,829,000 | 5,847,000 | 11,861,000 | 15,357,000 |
| Net income | 6,542,000 | 19,222,000 | 37,983,000 | 49,208,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 232,161,000 | 241,940,000 | 257,836,000 | 251,806,000 |
| Total capital | 256,793,000 | 267,191,000 | 283,759,000 | 277,916,000 |
| Risk-weighted assets | 1,968,146,000 | 2,018,098,000 | 2,068,361,000 | 2,080,716,000 |