Call reports 2025
ALERUS FINANCIAL, NATIONAL ASSOCIATION — 2025
What ALERUS FINANCIAL, NATIONAL ASSOCIATION reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 5,326,806,000 | 5,312,807,000 | 5,321,707,000 | 5,211,720,000 |
| Total loans | 4,098,388,000 | 4,113,241,000 | 4,119,832,000 | 4,069,956,000 |
| Allowance for loan losses | 61,929,000 | 59,278,000 | 62,127,000 | 61,915,000 |
| Securities available for sale | 567,728,000 | 541,152,000 | 531,014,000 | 514,095,000 |
| Securities held to maturity | 268,760,000 | 263,833,000 | 259,351,000 | 254,571,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,530,138,000 | 4,380,809,000 | 4,458,369,000 | 4,241,217,000 |
| Interest-bearing deposits | 3,596,021,000 | 3,547,168,000 | 3,635,862,000 | 3,384,107,000 |
| Noninterest-bearing deposits | 934,117,000 | 833,641,000 | 822,507,000 | 857,110,000 |
| Equity capital | 519,145,000 | 537,757,000 | 551,253,000 | 561,482,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 68,181,000 | 138,605,000 | 209,250,000 | 279,636,000 |
| Interest expense | 26,374,000 | 53,114,000 | 79,970,000 | 104,538,000 |
| Net interest income | 41,807,000 | 85,491,000 | 129,280,000 | 175,098,000 |
| Noninterest income | 27,658,000 | 59,381,000 | 88,665,000 | 120,027,000 |
| Noninterest expense | 49,484,000 | 96,593,000 | 146,158,000 | 196,964,000 |
| Provision for loan losses | 2,407,000 | 3,600,000 | 4,734,000 | 4,213,000 |
| Pretax income | 19,102,000 | 47,417,000 | 70,875,000 | 29,171,000 |
| Income tax | 4,644,000 | 11,254,000 | 16,725,000 | 6,974,000 |
| Net income | 14,458,000 | 36,163,000 | 54,150,000 | 22,197,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 460,031,000 | 477,814,000 | 488,377,000 | 448,673,000 |
| Total capital | 515,692,000 | 533,303,000 | 544,024,000 | 502,713,000 |
| Risk-weighted assets | 4,440,472,000 | 4,430,411,000 | 4,441,509,000 | 4,311,318,000 |