Call reports 2024
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2024
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 4,322,215,000 | 4,343,902,000 | 4,072,189,000 | 5,252,917,000 |
| Total loans | 2,810,100,000 | 2,953,950,000 | 3,045,830,000 | 4,009,052,000 |
| Allowance for loan losses | 36,584,000 | 38,332,000 | 39,142,000 | 59,929,000 |
| Securities available for sale | 472,272,000 | 459,345,000 | 466,003,000 | 588,053,000 |
| Securities held to maturity | 292,139,000 | 286,683,000 | 282,050,000 | 275,716,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,353,461,000 | 3,366,799,000 | 3,391,092,000 | 4,427,435,000 |
| Interest-bearing deposits | 2,592,469,000 | 2,597,147,000 | 2,666,003,000 | 3,474,944,000 |
| Noninterest-bearing deposits | 760,992,000 | 769,652,000 | 725,089,000 | 952,491,000 |
| Equity capital | 355,819,000 | 357,166,000 | 371,178,000 | 501,074,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 49,038,000 | 102,060,000 | 154,271,000 | 221,579,000 |
| Interest expense | 26,142,000 | 54,478,000 | 83,469,000 | 111,827,000 |
| Net interest income | 22,896,000 | 47,582,000 | 70,802,000 | 109,752,000 |
| Noninterest income | 25,271,000 | 52,710,000 | 80,962,000 | 114,803,000 |
| Noninterest expense | 37,965,000 | 75,535,000 | 115,311,000 | 166,916,000 |
| Provision for loan losses | 799,000 | 5,070,000 | 6,195,000 | 18,089,000 |
| Pretax income | 10,202,000 | 20,268,000 | 30,303,000 | 39,529,000 |
| Income tax | 2,525,000 | 4,948,000 | 7,324,000 | 10,318,000 |
| Net income | 7,677,000 | 15,320,000 | 22,979,000 | 29,211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 371,632,000 | 375,209,000 | 379,074,000 | 449,497,000 |
| Total capital | 411,294,000 | 417,005,000 | 423,265,000 | 504,856,000 |
| Risk-weighted assets | 3,169,246,000 | 3,340,118,000 | 3,532,760,000 | 4,416,520,000 |