← ALERUS FINANCIAL CORP
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $40.7m | $144.0m | $173.0m | $242.3m | $58.2m | $129.9m | $61.2m | $67.2m | |
| Interest Receivable | $7.6m | $7.6m | $9.7m | $8.5m | $12.9m | $15.7m | $20.1m | $21.7m | |
| Goodwill | $27.3m | $27.3m | $30.2m | $31.5m | $47.1m | $46.8m | $85.6m | $85.6m | |
| Other intangible assets, net | $22.5m | $18.4m | $25.9m | $20.2m | $22.5m | $17.2m | $43.9m | $33.4m | |
| Operating lease right-of-use assets | — | $8.3m | $6.9m | $3.7m | $5.4m | $5.4m | $13.4m | $28.8m | |
| Other Assets | $32.7m | $30.0m | $44.1m | $42.7m | $75.7m | $83.4m | $84.7m | $103.0m | |
| Trading | $1.5m | — | — | — | — | $0 | $3.3m | $1.8m | |
| Available-for-sale, at fair value (amortized cost of $516,737 and $686,556, respectively) | — | — | $592.3m | $853.6m | $717.3m | $486.7m | $588.1m | $514.1m | |
| Held-to-maturity, at amortized cost (fair value of $228,009 and $236,986, respectively, with an allowance for credit losses on investments of $123 and $131, respectively) | — | — | — | — | $321.9m | $299.5m | $275.6m | $254.4m | |
| Loans held for sale | $14.5m | $46.8m | $122.4m | $46.5m | $9.5m | $11.5m | $16.5m | $21.9m | |
| Loans | $1.7b | $1.7b | $2.0b | $1.8b | $2.4b | $2.8b | $4.0b | $4.0b | |
| Allowance for credit losses on loans | — | — | — | — | ($31.1m) | ($35.8m) | ($59.9m) | ($61.9m) | |
| Net loans | $1.7b | $1.7b | $1.9b | $1.7b | $2.4b | $2.7b | $3.9b | $4.0b | |
| Land, premises and equipment, net | $21.7m | $20.6m | $20.3m | $18.4m | $17.3m | $17.9m | $39.8m | $43.3m | |
| Bank-owned life insurance | $30.8m | $31.6m | $32.4m | $33.2m | $34.0m | $33.2m | $36.0m | $39.3m | |
| Servicing rights | $4.6m | $3.8m | $2.0m | $1.9m | $2.6m | $2.1m | $7.9m | $6.4m | |
| Deferred income taxes, net | $10.1m | $7.9m | $9.4m | $11.6m | $42.4m | $34.6m | $52.9m | $23.1m | |
| Noninterest-bearing | $550.6m | $577.7m | $754.7m | $938.8m | $861.0m | $728.1m | $903.5m | $807.9m | |
| Interest-bearing | $1.2b | $1.4b | $1.8b | $2.0b | $2.1b | $2.4b | $3.5b | $3.4b | |
| Short-term borrowings | $93.5m | — | — | — | $378.1m | $314.2m | $239.0m | $308.8m | |
| Operating lease liabilities | — | $8.9m | $7.9m | $4.3m | $5.9m | $5.8m | $19.0m | $36.3m | |
| Total deposits | $1.8b | $2.0b | $2.6b | $2.9b | $2.9b | $3.1b | $4.4b | $4.2b | |
| Total stockholders’ equity | $162.5m | $285.7m | $330.2m | $359.4m | $356.9m | $369.1m | $495.4m | $564.9m | |
| Total assets | $2.2b | $2.4b | $3.0b | $3.4b | $3.8b | $3.9b | $5.3b | $5.2b | |
| Total liabilities and stockholders’ equity | $2.2b | $2.4b | $3.0b | $3.4b | $3.8b | $3.9b | $5.3b | $5.2b | |
| Accrued Liabilities and Other Liabilities | $30.5m | $32.2m | $45.0m | $49.5m | $64.5m | $64.1m | $70.8m | $68.9m | |
| Long-term debt | $58.8m | $58.8m | $58.7m | $58.9m | $58.8m | $59.0m | $59.1m | $59.2m | |
| Total liabilities | $2.0b | $2.1b | $2.7b | $3.0b | $3.4b | $3.5b | $4.8b | $4.7b | |
| Preferred stock, $1 par value, 2,000,000 shares authorized: 0 issued and outstanding | — | — | — | — | — | 0 | 0 | 0 | |
| Common stock, $1 par value, 60,000,000 and 30,000,000 shares authorized: 25,406,278 and 25,344,803 issued and outstanding | 13.8m | 17.1m | 17.1m | 17.2m | 20.0m | 19.7m | 25.3m | 25.4m | |
| Additional paid-in capital | $27.7m | $88.7m | $90.2m | $92.9m | $155.1m | $150.3m | $269.7m | $271.6m | |
| Retained earnings | $159.0m | $178.1m | $212.2m | $253.6m | $280.4m | $272.7m | $273.7m | $270.1m | |
| Accumulated other comprehensive income (loss) | ($3.6m) | $1.9m | $10.6m | ($4.3m) | ($98.6m) | ($73.7m) | ($73.4m) | ($2.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.