Call reports 2021
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2021
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 3,150,221,000 | 3,155,533,000 | 3,173,438,000 | 3,390,640,000 |
| Total loans | 2,016,010,000 | 1,902,168,000 | 1,861,298,000 | 1,804,510,000 |
| Allowance for loan losses | 33,758,000 | 33,764,000 | 32,066,000 | 31,572,000 |
| Securities available for sale | 795,097,000 | 651,546,000 | 655,282,000 | 853,649,000 |
| Securities held to maturity | 0 | 146,316,000 | 362,586,000 | 352,061,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,794,694,000 | 2,790,064,000 | 2,793,433,000 | 3,002,304,000 |
| Interest-bearing deposits | 1,942,139,000 | 1,952,120,000 | 1,916,026,000 | 1,981,711,000 |
| Noninterest-bearing deposits | 852,555,000 | 837,944,000 | 877,407,000 | 1,020,593,000 |
| Equity capital | 315,099,000 | 329,280,000 | 337,324,000 | 342,228,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 23,321,000 | 45,905,000 | 68,452,000 | 92,657,000 |
| Interest expense | 995,000 | 1,901,000 | 2,781,000 | 3,661,000 |
| Net interest income | 22,326,000 | 44,004,000 | 65,671,000 | 88,996,000 |
| Noninterest income | 40,790,000 | 77,715,000 | 113,744,000 | 147,534,000 |
| Noninterest expense | 42,018,000 | 83,938,000 | 125,266,000 | 165,788,000 |
| Provision for loan losses | 0 | 0 | -2,000,000 | -3,500,000 |
| Pretax income | 21,212,000 | 37,895,000 | 56,274,000 | 74,367,000 |
| Income tax | 4,997,000 | 8,979,000 | 13,356,000 | 17,724,000 |
| Net income | 16,215,000 | 28,916,000 | 42,918,000 | 56,643,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 265,300,000 | 275,220,000 | 286,436,000 | 297,453,000 |
| Total capital | 291,298,000 | 300,680,000 | 312,505,000 | 324,328,000 |
| Risk-weighted assets | 2,072,082,000 | 2,028,511,000 | 2,079,536,000 | 2,145,300,000 |