Alerus Financial, National Association
Grand Forks, ND · Cert 3931 · Peer group: banks $1B-$10B in assets operating in a single state (n=268-269) · Alerus Financial Corp.
National charter · OCC · 26 branches
Q2 2026
$5.3BAssets
$4.1BLoans
$4.2BDeposits
$580.4MEquity
Executive Summary
- Strongest standing: return on assets outperforms 89% of banks $1B-$10B in assets operating in a single state (rank 29 of 269).
- Widest gap: net charge-offs / loans trails 94% of banks $1B-$10B in assets operating in a single state (rank 253 of 269).
- Overall: at or above the peer median on 5 of 9 directional measures.
Return on Assets
1.77%
Rank 29 of 269
Net Interest Margin
3.68%
Rank 96 of 269
Efficiency Ratio
63.92%
Rank 173 of 268
Equity / Assets
11.00%
Rank 102 of 269
Non-interest income vs. expense
Unfavorable gap of $74.6M · efficiency ratio beats 36% of banks $1B-$10B in assets operating in a single state | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.77% | 0.93% | 1.23% | 1.54% | Beats 89% | 29 / 269 | |
| Return on Equity | 16.10% | 9.13% | 11.77% | 14.52% | Beats 84% | 42 / 269 | |
| Net Interest Margin | 3.68% | 3.16% | 3.50% | 3.88% | Beats 64% | 96 / 269 | |
| Efficiency Ratio | 63.92% | 51.70% | 60.21% | 69.66% | Beats 36% | 173 / 268 | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.26% | 0.19% | 0.45% | 0.89% | Beats 65% | 94 / 269 | |
| Net Charge-Offs / Loans | 0.27% | 0.01% | 0.02% | 0.06% | Beats 6% | 253 / 269 | |
| Capital |
| Tier 1 Capital Ratio | 10.92% | 11.29% | 13.10% | 15.21% | Beats 21% | 213 / 269 | |
| Total Risk-Based Capital Ratio | 12.11% | 12.04% | 13.91% | 16.33% | Beats 26% | 198 / 269 | |
| Equity / Assets | 11.00% | 9.18% | 10.29% | 11.76% | Beats 62% | 102 / 269 | |
| Liquidity & Funding |
| Loans / Deposits | 95.80% | 72.68% | 86.29% | 95.72% | 75th pctl | 66 / 269 | |
| Loans / Assets | 76.96% | 62.46% | 72.27% | 78.37% | 69th pctl | 84 / 269 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |