Call reports 2023
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2023
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 3,884,742,000 | 3,828,913,000 | 3,864,311,000 | 3,885,776,000 |
| Total loans | 2,503,525,000 | 2,554,415,000 | 2,622,776,000 | 2,767,585,000 |
| Allowance for loan losses | 35,102,000 | 35,696,000 | 36,290,000 | 35,843,000 |
| Securities available for sale | 705,825,000 | 677,454,000 | 640,001,000 | 486,736,000 |
| Securities held to maturity | 313,872,000 | 308,634,000 | 303,486,000 | 299,728,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,114,261,000 | 2,925,599,000 | 2,943,704,000 | 3,166,464,000 |
| Interest-bearing deposits | 2,239,001,000 | 2,137,321,000 | 2,154,194,000 | 2,367,529,000 |
| Noninterest-bearing deposits | 875,260,000 | 788,278,000 | 789,510,000 | 798,935,000 |
| Equity capital | 340,234,000 | 346,071,000 | 338,520,000 | 353,993,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 37,809,000 | 78,149,000 | 120,188,000 | 164,883,000 |
| Interest expense | 13,497,000 | 30,938,000 | 51,903,000 | 74,363,000 |
| Net interest income | 24,312,000 | 47,211,000 | 68,285,000 | 90,520,000 |
| Noninterest income | 25,239,000 | 51,014,000 | 79,448,000 | 104,866,000 |
| Noninterest expense | 36,999,000 | 72,473,000 | 109,028,000 | 146,811,000 |
| Provision for loan losses | 269,000 | 460,000 | 460,000 | -225,000 |
| Pretax income | 12,002,000 | 25,202,000 | 38,155,000 | 21,875,000 |
| Income tax | 2,685,000 | 5,612,000 | 8,125,000 | 5,700,000 |
| Net income | 9,317,000 | 19,590,000 | 30,030,000 | 16,175,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 371,878,000 | 383,663,000 | 391,239,000 | 367,445,000 |
| Total capital | 407,204,000 | 419,578,000 | 427,748,000 | 403,501,000 |
| Risk-weighted assets | 2,935,794,000 | 2,967,624,000 | 3,085,288,000 | 3,224,459,000 |
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