Alerus Financial, National Association
Alerus Financial, National Association of Grand Forks, ND, chartered 1933: 24 offices, $5.28bn in assets. Straight from the federal record.
Alerus Financial, National Association is an FDIC-insured bank headquartered in Grand Forks, ND, chartered in 1933. It is supervised by the Office of the Comptroller of the Currency and held by Alerus Financial Corp. Every figure below is filed by the bank with its regulator and reproduced here unchanged.
Where Alerus Financial, National Association has branches
24 full-service offices across 5 states:
- Minnesota: 14 offices in 12 towns, holding $2.55bn at 30 June 2025
- North Dakota: 6 offices in 3 towns, holding $1.39bn at 30 June 2025
- Arizona: 2 offices in 2 towns, holding $308m at 30 June 2025
- Iowa: 1 office, holding $115m at 30 June 2025
- Wisconsin: 1 office, holding $13m at 30 June 2025
Alerus Financial, National Association on its latest Call Report, 30 June 2026
- Total assets: $5.28bn
- Total deposits: $4.24bn
- Tier 1 leverage ratio: 9.26%
- Total risk-based capital ratio: 12.11%
- Noncurrent loans, as a share of loans: 0.26%
- Return on assets: 1.78%
- Net interest margin: 3.89%
- Staff: 886
Alerus Financial, National Association by town
Towns where it runs more than one office, busiest first. Each opens every one of its branches there.
Compare Alerus Financial, National Association against every other bank with a branch in North Dakota, or find the offices nearest you.
Charter and office records from the FDIC BankFind Suite; capital, loan and earnings figures from the bank's own Call Report; deposits by office from the FDIC Summary of Deposits, counted each 30 June.