Alerus Financial, National Association

401 Demers Avenue
Grand Forks, ND 58201

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 3931
Date Established 1933
Assets $2.04 billion
Loans $1.53 billion
Deposits $1.65 billion
Capital $0.23 billion

Alerus Financial, National Association is an FDIC insured institution located in Grand Forks, ND. It was founded in 1933 and has approximately $2.04 billion in assets. Customers can open an account at one of its 22 branches.

For a more detailed analysis of Alerus Financial, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Alerus Financial, National Association’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in North Dakota, Alerus Financial, National Association has a significantly higher percent of 1-4 Family Residential Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.35
Multifamily
Mortgages
4.45
Credit Card Loans 0.00
Consumer Auto Loans 3.71
Small Business Loans 8.19
Construction and Development Loans 2.58
Commercial Real Estate 24.08
Commercial and Industrial Loans 30.72
Farm Loans 2.40

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.35% $2,500 $24,999 Learn MoreShow Less
6 Mo CD 100K
0.35% $75,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.05% $200 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $2,500 $24,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.06% $1,000 $9,999 Learn MoreShow Less
MM 10K
0.06% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.08% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.03% $2,500 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Alerus Financial, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Alerus Financial, National Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Alerus Financial, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Alerus Financial, National Association Locations

Financial Details

Alerus Financial, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Alerus Financial, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Alerus Financial, National Association U.S. Bank Average
3.79% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Alerus Financial, National Association had $8,666,000 in non-current loans and $659,000 in owned real estate. To cover these potential losses it had $230,048,000 in equity and $16,134,000 in loans loss reserves. That gives it a Texas Ratio of 3.79%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Alerus Financial, National Association U.S. Bank Average
9.72% 8.58

Alerus Financial, National Association has a Return on Equity of 9.72% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Alerus Financial, National Association U.S. Bank Average
11.3% 12.11

Alerus Financial, National Association has a Capitalization of 11.3% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Alerus Financial, National Association Balance Sheet Analysis

As of June 30, 2017, Alerus Financial, National Association had assets of $2,035,194,000, loans of $1,525,794,000, and deposits of $1,648,948,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Alerus Financial, National Association

Branches and Savings

Is Alerus Financial, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #3931.

Why does Alerus Financial, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Alerus Financial, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Alerus Financial, National Association a commercial bank?

Yes

Where are Alerus Financial, National Association locations?

See branch locations nearby.

Is Alerus Financial, National Association open on Saturdays?

Is Alerus Financial, National Association open on Sundays?

What time does Alerus Financial, National Association open?

What time does Alerus Financial, National Association close?

Are Alerus Financial, National Association ATMs Open 24/7?

Do Alerus Financial, National Association ATMs accept cash deposits?

Can Alerus Financial, National Association customers use other ATMs?

Do Alerus Financial, National Association branches have notaries?

Will Alerus Financial, National Association notarize my document?

What address for Alerus Financial, National Association should I put for incoming ACH transfers?

Will the Alerus Financial, National Association branch print checks?

Do Alerus Financial, National Association checks expire?

Does Alerus Financial, National Association require US citizenship to open account?

Can Alerus Financial, National Association close my account?

Does Alerus Financial, National Association Report to credit bureaus?

Does Alerus Financial, National Association Use Equifax?

What is Alerus Financial, National Association's ACH Routing Number?

What is Alerus Financial, National Association's SWIFT code?

Products

Does Alerus Financial, National Association offer mortgages?

Compare mortgage rates here.

Does Alerus Financial, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Alerus Financial, National Association offer personal loans?

Compare personal loan rates here.

Does Alerus Financial, National Association offer student loans?

Will Alerus Financial, National Association cash a check?

Will Alerus Financial, National Association redeem a savings bond?

Does Alerus Financial, National Association cash savings bonds?

Will Alerus Financial, National Association cash money orders?

Can Alerus Financial, National Association issue a money order?

Does Alerus Financial, National Association do currency exchange?

Background on The Bank

Who owns Alerus Financial, National Association?

How long has Alerus Financial, National Association been around?

Can Alerus Financial, National Association transfer to other banks?

Does Alerus Financial, National Association have quick pay?

Does Alerus Financial, National Association accept rolled coins?

Will Alerus Financial, National Association accept loose change?

Where is Alerus Financial, National Association headquarters?

Customer Reviews for Alerus Financial, National Association

There are currently no comments for Alerus Financial, National Association. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →