Alerus Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	67.19	35.74	28.89	30.24	17.91
Investment Securities	254.45	217.44	195.8	221.53	208.04
Trading Asset Securities	1.76	13.16	8.94	6.33	3.38
Mortgage-Backed Securities	514.1	661	606.97	835.35	1,006
Total Investments	770.3	891.6	811.72	1,063	1,217
Gross Loans	4,048	3,993	2,760	2,444	1,759
Allowance for Loan Losses	-61.92	-59.93	-35.84	-31.15	-31.57
Other Adjustments to Gross Loans	-	-	-	-	-0.88
Net Loans	3,986	3,933	2,724	2,413	1,726
Property, Plant & Equipment	72.01	53.22	23.38	22.71	22.1
Goodwill	85.63	85.63	46.78	47.09	31.49
Other Intangible Assets	33.37	43.88	17.16	22.46	20.25
Loans Held for Sale	21.93	16.52	11.5	9.49	46.49
Accrued Interest Receivable	21.74	20.08	15.7	12.87	8.54
Other Receivables	-	21.45	25.07	17.54	15.83
Restricted Cash	-	25.5	101	28	224.4
Other Current Assets	-	7.74	5.77	6.77	5.33
Long-Term Deferred Tax Assets	23.08	52.89	34.6	42.37	11.61
Other Real Estate Owned & Foreclosed	0.31	-	0.03	0.03	0.89
Other Long-Term Assets	148.4	61.17	45.82	44.66	40.6
Total Assets	5,230	5,262	3,908	3,780	3,393
Accrued Expenses	68.88	62.13	52.72	57.05	48
Interest Bearing Deposits	3,384	3,227	2,246	2,003	1,890
Institutional Deposits	-	248.1	121.8	51.1	91.5
Non-Interest Bearing Deposits	807.9	903.47	728.08	860.99	938.84
Total Deposits	4,192	4,378	3,096	2,915	2,921
Short-Term Borrowings	308.8	247.56	323.35	384.38	1.37
Current Portion of Leases	-	2.51	-	-	0.2
Long-Term Debt	59.18	50	50	50	50
Long-Term Leases	36.28	16.48	5.75	5.9	4.28
Trust Preferred Securities	-	9.07	8.96	8.84	8.73
Other Long-Term Liabilities	-	0.1	2.2	1.1	0.16
Total Liabilities	4,665	4,766	3,539	3,423	3,033
Common Stock	25.41	25.35	19.73	19.99	17.21
Additional Paid-In Capital	271.61	269.71	150.34	155.1	92.88
Retained Earnings	270.08	273.72	272.71	280.43	253.57
Comprehensive Income & Other	-2.16	-73.37	-73.66	-98.64	-4.26
Total Common Equity	564.93	495.41	369.13	356.87	359.4
Shareholders' Equity	564.93	495.41	369.13	356.87	359.4
Total Liabilities & Equity	5,230	5,262	3,908	3,780	3,393
Total Debt	404.26	325.62	388.06	449.13	64.58
Net Cash (Debt)	-335.31	-276.72	-350.22	-412.55	-43.28
Net Cash Per Share	-13.05	-12.98	-17.39	-21.85	-2.48
Filing Date Shares Outstanding	25.41	25.36	19.74	20.06	17.26
Total Common Shares Outstanding	25.41	25.34	19.73	19.99	17.21
Book Value Per Share	22.24	19.55	18.71	17.85	20.88
Tangible Book Value	445.93	365.89	305.19	287.33	307.66
Tangible Book Value Per Share	17.55	14.44	15.46	14.37	17.87

Source: S&P Global Market Intelligence. Banks template. Financial Sources.