Alerus Financial Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	65.76	35.39	35.74	28.89	30.24	17.91
Investment Securities	175.82	162.21	217.44	195.8	221.53	208.04
Trading Asset Securities	18	18.29	13.16	8.94	6.33	3.38
Mortgage-Backed Securities	606.75	619.4	661	606.97	835.35	1,006
Total Investments	800.57	799.9	891.6	811.72	1,063	1,217
Gross Loans	4,218	4,092	4,063	2,760	2,444	1,759
Allowance for Loan Losses	-51.45	-61.92	-59.93	-35.84	-31.15	-31.57
Other Adjustments to Gross Loans	-33.4	-43.7	-70.6	-	-	-0.88
Net Loans	4,133	3,986	3,933	2,724	2,413	1,726
Property, Plant & Equipment	71.06	72.01	53.22	23.38	22.71	22.1
Goodwill	85.63	85.63	85.63	46.78	47.09	31.49
Other Intangible Assets	27.45	33.37	43.88	17.16	22.46	20.25
Loans Held for Sale	19.83	21.93	16.52	11.5	9.49	46.49
Accrued Interest Receivable	21.01	21.74	20.08	15.7	12.87	8.54
Other Receivables	-	27.94	21.45	25.07	17.54	15.83
Restricted Cash	-	31.8	25.5	101	28	224.4
Other Current Assets	6.5	7.66	7.74	5.77	6.77	5.33
Long-Term Deferred Tax Assets	25.06	23.08	52.89	34.6	42.37	11.61
Other Real Estate Owned & Foreclosed	9.45	0.31	-	0.03	0.03	0.89
Other Long-Term Assets	119.02	65.23	61.17	45.82	44.66	40.6
Total Assets	5,403	5,230	5,262	3,908	3,780	3,393

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Accrued Expenses	85.14	58.2	62.13	52.72	57.05	48
Interest Bearing Deposits	3,295	3,194	3,227	2,246	2,003	1,890
Institutional Deposits	194.2	190.5	248.1	121.8	51.1	91.5
Non-Interest Bearing Deposits	813.49	807.9	903.47	728.08	860.99	938.84
Total Deposits	4,303	4,192	4,378	3,096	2,915	2,921
Short-Term Borrowings	332.84	319.48	247.56	323.35	384.38	1.37
Current Portion of Leases	3.77	3.37	-	-	-	0.2
Long-Term Debt	50	50	50	50	50	50
Long-Term Leases	38.46	32.91	18.99	5.75	5.9	4.28
Trust Preferred Securities	9.27	9.18	9.07	8.96	8.84	8.73
Other Long-Term Liabilities	3.6	-	0.1	2.2	1.1	0.16
Total Liabilities	4,826	4,665	4,766	3,539	3,423	3,033

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Common Stock	24.74	25.41	25.35	19.73	19.99	17.21
Additional Paid-In Capital	252.75	271.61	269.71	150.34	155.1	92.88
Retained Earnings	316.83	270.08	273.72	272.71	280.43	253.57
Comprehensive Income & Other	-17.47	-2.16	-73.37	-73.66	-98.64	-4.26
Total Common Equity	576.85	564.93	495.41	369.13	356.87	359.4
Shareholders' Equity	576.85	564.93	495.41	369.13	356.87	359.4
Total Liabilities & Equity	5,403	5,230	5,262	3,908	3,780	3,393

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	434.34	414.95	325.62	388.06	449.13	64.58
Net Cash (Debt)	-350.58	-361.26	-276.72	-350.22	-412.55	-43.28
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.76	-14.06	-12.98	-17.39	-21.85	-2.48
Filing Date Shares Outstanding	24.75	25.4	25.36	19.74	20.06	17.26
Total Common Shares Outstanding	24.74	25.41	25.34	19.73	19.99	17.21
Book Value Per Share	23.31	22.24	19.55	18.71	17.85	20.88
Tangible Book Value	463.77	445.93	365.89	305.19	287.33	307.66
Tangible Book Value Per Share	18.74	17.55	14.44	15.46	14.37	17.87

SEC Filings: 10-K · 10-Q