For the quarter ending 2026-03-31, ALRS has $5,287,971K in assets. $4,713,278K in debts. $128,826K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 128,826 | 67,192 | 92,043 | 80,904 |
| Trading | 1,758 | 1,758 | 1,411 | 1,686 |
| Available-for-sale, at fair value (amortized cost of 528,357 and 516,737, respectively) | 522,101 | 514,095 | 531,014 | 541,152 |
| Held-to-maturity, at amortized cost (fair value of 220,425 and 228,009, respectively, with an allowance for credit losses on investments of 118 and 123, respectively) | 247,437 | 254,448 | 259,225 | 263,706 |
| Loans held for sale | 22,345 | 21,934 | 17,757 | 18,424 |
| Loans | 4,034,744 | 4,048,022 | 4,102,075 | 4,044,657 |
| Allowance for credit losses on loans | 50,505 | 61,915 | 62,127 | 59,278 |
| Net loans | 3,984,239 | 3,986,107 | 4,039,948 | 3,985,379 |
| Property, plant and equipment, gross | - | 91,994 | 92,780 | - |
| Less accumulated depreciation | - | 48,741 | 48,683 | - |
| Land, premises and equipment, net | 43,978 | 43,253 | 44,097 | 42,693 |
| Loans held for sale-Nonmortgage Loans | - | - | - | 50,160 |
| Operating lease right-of-use assets | 32,573 | 28,761 | 30,154 | 12,535 |
| Accrued interest receivable | 20,469 | 21,742 | 21,602 | 20,884 |
| Bank-owned life insurance | 39,475 | 39,307 | 38,997 | 38,613 |
| Goodwill | 85,634 | 85,634 | 85,634 | 85,634 |
| Other intangible assets, net | 31,397 | 33,371 | 35,753 | 38,462 |
| Servicing rights | 6,615 | 6,383 | 6,708 | 7,184 |
| Deferred income taxes, net | 20,863 | 23,080 | 38,497 | 41,460 |
| Other assets | 100,261 | 103,019 | 87,733 | 94,946 |
| Total assets | 5,287,971 | 5,230,084 | 5,330,573 | 5,323,822 |
| Noninterest-bearing | 857,625 | 807,896 | 776,791 | 790,300 |
| Interest-bearing | 3,490,257 | 3,384,107 | 3,635,862 | 3,547,168 |
| Total deposits | 4,347,882 | 4,192,003 | 4,412,653 | 4,337,468 |
| Short-term borrowings | 200,000 | 308,800 | 200,000 | 314,600 |
| Long-term debt | 59,211 | 59,182 | 59,154 | 59,126 |
| Operating lease liabilities | 42,590 | 36,282 | 36,918 | 18,017 |
| Accrued expenses and other liabilities | 63,595 | 68,883 | 71,160 | 61,456 |
| Total liabilities | 4,713,278 | 4,665,150 | 4,779,885 | 4,790,667 |
| Preferred stock, 1 par value, 2,000,000 shares authorized 0 issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, 1 par value, 60,000,000 and 60,000,000 shares authorized 25,214,146 and 25,406,278 issued and outstanding | 25,214 | 25,406 | 25,397 | 25,389 |
| Additional paid-in capital | 266,016 | 271,609 | 271,165 | 270,735 |
| Retained earnings | 287,700 | 270,075 | 308,464 | 296,878 |
| Accumulated other comprehensive income (loss) | -4,237 | -2,156 | -54,338 | -59,847 |
| Total stockholders equity | 574,693 | 564,934 | 550,688 | 533,155 |
| Total liabilities and stockholders equity | 5,287,971 | 5,230,084 | 5,330,573 | 5,323,822 |
ALERUS FINANCIAL CORP (ALRS)
ALERUS FINANCIAL CORP (ALRS)