| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 50,491 | 33,567 |
| Deferred income taxes | 8,011 | 6,894 |
| Provision for credit losses | 863 | 863 |
| Depreciation and amortization | 11,548 | 7,663 |
| Amortization and accretion of premiums/discounts on investment securities | -573 | -377 |
| Amortization of operating lease right-of-use assets | 1,211 | -72 |
| Share-based compensation expense | 2,027 | 1,247 |
| Purchase accounting accretion, net | -21,454 | -17,438 |
| Originations of loans held for sale | 120,539 | 113,267 |
| Proceeds on loans held for sale | 127,318 | 115,851 |
| Realized loss (gain) on mortgage loans sold | 7,936 | 4,405 |
| Servicing rights capitalized upon sale of mortgage loans | -154 | -101 |
| (increase) in value of bank-owned life insurance | 753 | 370 |
| Realized loss (gain) on sale of premises and equipment | 0 | -84 |
| Realized loss (gain) on derivative instruments | 505 | 484 |
| Realized loss (gain) on sale of foreclosed assets | -60 | -21 |
| Change in fair value of mortgage servicing rights | -1,364 | -835 |
| Realized loss (gain) on servicing rights | 0 | 0 |
| Accrued interest receivable | 1,527 | 809 |
| Other assets | 649 | 2,247 |
| Accrued expenses and other liabilities | 1,241 | -9,800 |
| Net cash provided (used) by operating activities | 51,190 | 18,409 |
| Proceeds from sales of trading investment securities | 6,233 | 5,450 |
| Purchases of trading investment securities | 4,257 | 3,729 |
| Proceeds from sales or calls of investment securities available-for-sale | 19,800 | 19,000 |
| Proceeds from maturities of investment securities available-for-sale | 63,536 | 46,759 |
| Proceeds from calls of investment securities held-to-maturity | 346 | 146 |
| Proceeds from maturities and paydowns of investment securities held-to-maturity | 15,314 | 11,262 |
| Proceeds from sale of non-mortgage loans held for sale | 62,491 | 12,331 |
| Net (increase) decrease in loans | 154,466 | 102,662 |
| Net (increase) decrease in fhlb stock | -636 | 4,504 |
| Purchases of boli | 2,211 | 2,210 |
| Proceeds from sale of premises and equipment | 0 | - |
| Purchases of premises and equipment | 7,651 | 5,185 |
| Proceeds from sales of foreclosed assets | 824 | 484 |
| Net cash provided (used) by investing activities | 595 | -22,858 |
| Net increase (decrease) in deposits | 34,243 | -40,942 |
| Net increase (decrease) in short-term borrowings with maturities of three months or less | -38,960 | 75,640 |
| Repayments of long-term debt | - | 0 |
| Cash dividends paid on common stock | 15,746 | 10,408 |
| Repurchase of common stock | 518 | 176 |
| Net cash provided (used) by financing activities | -20,981 | 24,114 |
| Net change in cash and cash equivalents | 30,804 | 19,665 |
| Cash and cash equivalents at beginning of period | 61,239 | - |
| Cash and cash equivalents at end of period | 92,043 | - |
ALERUS FINANCIAL CORP (ALRS)
ALERUS FINANCIAL CORP (ALRS)