Alerus Financial, National Association
Grand Forks, ND · Cert 3931 · Peer group: banks $1B-$10B in assets (n=322-328) · 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 87% of banks $1B-$10B in assets (rank 42 of 328).
- Widest gap: net charge-offs / loans trails 89% of banks $1B-$10B in assets (rank 289 of 322).
- Overall: at or above the peer median on 5 of 9 directional measures.
Return on Assets
1.77%
Rank 42 of 328
Net Interest Margin
3.68%
Rank 107 of 328
Efficiency Ratio
63.92%
Rank 211 of 328
Equity / Assets
11.00%
Rank 128 of 328
Non-interest income vs. expense
Unfavorable gap of $74.6M · efficiency ratio beats 36% of banks $1B-$10B in assets | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.77% | 0.91% | 1.22% | 1.52% | Beats 87% | 42 / 328 | |
| Return on Equity | 16.10% | 8.43% | 11.45% | 14.43% | Beats 86% | 47 / 328 | |
| Net Interest Margin | 3.68% | 3.03% | 3.45% | 3.83% | Beats 67% | 107 / 328 | |
| Efficiency Ratio | 63.92% | 51.61% | 59.56% | 67.53% | Beats 36% | 211 / 328 | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.26% | 0.24% | 0.51% | 1.03% | Beats 73% | 89 / 322 | |
| Net Charge-Offs / Loans | 0.27% | 0.01% | 0.03% | 0.10% | Beats 11% | 289 / 322 | |
| Capital |
| Tier 1 Capital Ratio | 10.92% | 11.75% | 13.15% | 15.47% | Beats 13% | 287 / 328 | |
| Total Risk-Based Capital Ratio | 12.11% | 12.63% | 14.15% | 16.46% | Beats 20% | 264 / 328 | |
| Equity / Assets | 11.00% | 9.15% | 10.33% | 12.01% | Beats 61% | 128 / 328 | |
| Liquidity & Funding |
| Loans / Deposits | 95.80% | 76.63% | 87.92% | 95.36% | 77th pctl | 75 / 323 | |
| Loans / Assets | 76.96% | 65.18% | 74.15% | 79.98% | 64th pctl | 118 / 328 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |