ALERUS FINANCIAL CORP (ALRS)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenue from contract with customer, including assessed tax-Retirement And Benefit Services | 16,024 | - | - | - |
| Revenue from contract with customer, including assessed tax-Mortgage Banking | 3,651 | - | - | - |
| Revenue from contract with customer, including assessed tax-Deposit Account | 680 | - | - | - |
| Revenue from contract with customer, including assessed tax-Wealth Management | 7,363 | - | - | - |
| Other | 1,930 | 2,443 | 2,474 | 1,923 |
| Gain on sale of non-mortgage loans | 2,115 | - | - | - |
| Revenue from contract with customer, including assessed tax | - | 25,189 | 25,401 | 22,438 |
| The amount of non interest income on mortgage banking | - | - | - | 2,554 |
| Total noninterest income | 31,763 | 27,632 | 28,363 | 27,371 |
| The amount of occupancy and equipment expenses incurred during the period | - | - | - | 1,815 |
| Travel | 347 | 287 | 330 | 332 |
| Supplies and postage | 490 | 630 | 422 | 370 |
| Professional fees and assessments | 2,339 | 2,996 | 4,267 | 2,373 |
| Other | 1,422 | 2,859 | 1,237 | 1,422 |
| Occupancy and equipment expense | 2,559 | 2,907 | 2,082 | - |
| Employee taxes and benefits | 6,633 | 7,762 | 5,400 | 5,134 |
| Compensation | 24,343 | 22,961 | 21,058 | 20,265 |
| Marketing and business development | 787 | 965 | 764 | 651 |
| Intangible amortization expense | 2,710 | 2,710 | 1,324 | 1,324 |
| Mortgage and lending expenses | 940 | 536 | 684 | 467 |
| Business services, software and technology expense | 5,868 | 5,752 | 4,879 | 4,599 |
| Total noninterest expense | 48,438 | 50,365 | 42,447 | 38,752 |
| Provision for credit losses | - | 863 | 1,661 | 4,489 |
| Interest expense | - | - | - | 29,021 |
| Short-term borrowings | 3,982 | 2,839 | 6,706 | 7,053 |
| Long-term debt | 652 | 650 | 679 | 684 |
| Deposits | 22,758 | 23,535 | 22,285 | 21,284 |
| Total interest expense | 27,392 | 27,024 | 29,670 | - |
| Exempt from federal income taxes | 160 | 160 | 169 | 170 |
| Taxable | 5,310 | 5,707 | 4,596 | 4,845 |
| Loans, including fees | 63,853 | 61,495 | 42,593 | 41,663 |
| Other | 1,101 | 819 | 4,854 | 6,344 |
| Total interest income | 70,424 | 68,181 | 52,212 | 53,022 |
| Net interest income | 43,032 | 41,157 | 22,542 | 24,001 |
| Net interest income after provision for credit losses | 43,032 | 40,294 | 20,881 | 19,512 |
| Income before income taxes | 26,357 | 17,561 | 6,797 | 8,131 |
| Income tax expense | 6,104 | 4,246 | 1,590 | 1,923 |
| Net income | 20,253 | 13,315 | 5,207 | 6,208 |
| Average common shares outstanding (in shares) | 25,368,000 | 25,359,000 | 19,788,000 | 19,777,000 |
| Basic earnings per common share (in dollars per share) | 0.79 | 0.52 | 0.26 | 0.31 |
| Diluted average common shares outstanding (in shares) | 25,714,000 | 25,653,000 | 20,075,000 | 20,050,000 |
| Diluted earnings per common share (in dollars per share) | 0.78 | 0.52 | 0.26 | 0.31 |