Alerus Financial, National Association
Grand Forks, ND · Owner: Alerus Financial Corporation
$5.3B
total assets, June 30, 2026
$5.3B
total assets, June 30, 2026
Alerus Financial, National Association is a national bank based in Grand Forks, ND, owned by Alerus Financial Corporation (ALRS). As of June 30, 2026 it held $5.3 billion in assets and $4.2 billion in deposits; assets were down 0.7% from a year before. It has 26 branches in 5 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$5.3B
-0.7% in a year · 0.0% in a quarter
Deposits
$4.2B
-3.2% in a year · -3.5% in a quarter
Loans
$4.1B
-1.3% in a year · +0.1% in a quarter
Profit so far
$46.7M
Jan 1 to Jun 30, 2026 · +29.2% in a year
Capital ratio
9.26%
-0.08 pts in a year
Return on assets
1.78%
+0.41 pts in a year
Facts
- Type
- National bank
- Head office
- 401 Demers Ave, Grand Forks, ND, 58201
- County
- Grand Forks
- Holding company
- Alerus Financial Corporation (ALRS)
- Established
- Sep 30, 1933
- Employees
- 886
- Branches
- 26 in 5 states
- Website
- www.alerus.com
- Id
- b3931
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
26 offices as of June 30, 2026, holding $4.2 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 16 | $2.7B | 63.1% |
| North Dakota | 6 | $1.2B | 28.2% |
| Arizona | 2 | $252M | 6.0% |
| Wisconsin | 1 | $76.9M | 1.8% |
| Iowa | 1 | $39.2M | 0.9% |
| Largest branches | Place | Deposits |
|---|---|---|
| Alerus National Association Branch | Minnetonka, MN | $1.8B |
| Broadway Branch | Fargo, ND | $410M |
| Home Federal Savings Bank Branch | Rochester, MN | $336M |
| Alerus Financial, National Association (main office) | Grand Forks, ND | $333M |
| South Branch | Grand Forks, ND | $232M |
| Fargo Urban Plains Branch | Fargo, ND | $200M |
| Phoenix Branch | Phoenix, AZ | $197M |
| Pewaukee Branch | Pewaukee, WI | $76.9M |
| 7 Albert Lea Branch | Albert Lea, MN | $74.3M |
| Prosperan Bank Branch | Oakdale, MN | $72.3M |
Related pages
Questions and answers
How big is Alerus Financial, National Association?
$5.3 billion in total assets and $4.2 billion in deposits as of June 30, 2026, with assets down 0.7% from a year before. Its loans were $4.1 billion.
How many branches does Alerus Financial, National Association have?
26 branches in 5 states as of June 30, 2026. The most deposits are in Minnesota ($2.7 billion).
Is Alerus Financial, National Association profitable?
Yes: it earned $46.7 million from January 1 to June 30, 2026 (up 29.2% from the same months a year before). Its return on assets was 1.78% a year; about 1% is typical.
Who owns Alerus Financial, National Association?
Alerus Financial, National Association is owned by Alerus Financial Corporation, its holding company, which is listed as ALRS.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.