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	61.24	129.89	58.24	242.31
Securities and Investments	768.54	863.64	786.25	1,039	1,206
Trading Assets	1.76	3.31	-	-	-
Other Earning Assets	21.93	16.52	11.5	9.49	46.49
Gross Loans	4,048	3,993	2,760	2,444	1,758
Allowance for Loan Losses	-61.92	-59.93	-35.84	-31.15	-31.57
Net Loans	3,986	3,933	2,724	2,413	1,726
Net Property, Plant & Equipment	72.01	53.22	23.38	22.71	22.1
Accrued Interest and Accounts Receivable	21.74	20.08	15.7	12.87	8.54
Other Intangible Assets	39.75	51.8	19.21	25.1	22.13
Goodwill	85.63	85.63	46.78	47.09	31.49
Other Non-Earning Assets	142.33	173.64	151.26	152.07	87.48
Total Assets	5,230	5,262	3,908	3,780	3,393
Interest-bearing deposits	3,384	3,475	2,368	2,054	1,982
Noninterest-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	238.96	314.17	378.08	-
Accrued Expenses	68.88	70.83	64.1	64.46	49.53
Long-Term Debt	59.18	59.07	58.96	58.84	58.93
Other Liabilities	36.28	18.99	5.75	5.9	4.28
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
Accumulated Other Comprehensive Income	-2.16	-73.37	-73.66	-98.64	-4.26
Retained Earnings	270.08	273.72	272.71	280.43	253.57
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	59.18	59.07	58.96	58.84	58.93
Net Cash (Debt)	-59.18	-59.07	-58.96	-58.84	-58.93
Net Cash Per Share	-2.30	-2.77	-2.93	-3.12	-3.37
Book Value	564.93	495.41	369.13	356.87	359.4
Book Value Per Share	21.98	23.24	18.33	18.90	20.55
Tangible Book Value	439.55	357.98	303.13	284.69	305.78
Tangible Book Value Per Share	17.10	16.79	15.05	15.08	17.49

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q