Call reports 2022
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2022
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,334,741,000 | 3,292,904,000 | 3,689,377,000 | 3,778,066,000 |
| Total loans | 1,839,906,000 | 1,944,606,000 | 2,344,360,000 | 2,453,482,000 |
| Allowance for loan losses | 31,713,000 | 31,373,000 | 30,968,000 | 31,146,000 |
| Securities available for sale | 866,333,000 | 798,797,000 | 729,110,000 | 717,324,000 |
| Securities held to maturity | 340,150,000 | 331,741,000 | 326,410,000 | 321,902,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,973,778,000 | 2,696,204,000 | 3,039,294,000 | 2,999,498,000 |
| Interest-bearing deposits | 2,060,709,000 | 1,854,742,000 | 2,056,583,000 | 2,054,497,000 |
| Noninterest-bearing deposits | 913,069,000 | 841,462,000 | 982,711,000 | 945,001,000 |
| Equity capital | 311,348,000 | 294,169,000 | 327,279,000 | 338,285,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 23,064,000 | 47,490,000 | 75,650,000 | 111,462,000 |
| Interest expense | 829,000 | 1,920,000 | 4,855,000 | 13,075,000 |
| Net interest income | 22,235,000 | 45,570,000 | 70,795,000 | 98,387,000 |
| Noninterest income | 29,475,000 | 58,699,000 | 85,574,000 | 111,004,000 |
| Noninterest expense | 37,296,000 | 75,689,000 | 114,366,000 | 151,747,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 14,414,000 | 28,580,000 | 42,003,000 | 57,644,000 |
| Income tax | 3,225,000 | 6,489,000 | 9,724,000 | 13,627,000 |
| Net income | 11,189,000 | 22,091,000 | 32,279,000 | 44,017,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 305,829,000 | 318,704,000 | 363,457,000 | 370,750,000 |
| Total capital | 334,154,000 | 347,929,000 | 394,425,000 | 401,896,000 |
| Risk-weighted assets | 2,262,611,000 | 2,335,896,000 | 2,794,537,000 | 2,906,466,000 |
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