Alerus Financial
Headquarters: Grand Forks, North Dakota
Overview
Alerus Financial is an FDIC-insured bank headquartered in Grand Forks, North Dakota. It reported $5.28B in assets and $4.24B in deposits for the period ending June 30, 2026. Bankular currently lists 27 branch locations.
What Bankular checked
These dates identify the official records and review steps supporting this profile.
Quarterly change
What changed since the previous report
March 31, 2026 to June 30, 2026
These comparisons use consecutive official regulatory reporting periods. A change is descriptive and is not a recommendation or safety rating.
Financial indicators
Capital, profitability and credit quality
These are the latest reported capital, profitability and credit-quality measures available for this institution. Read the figures together rather than as a single safety rating.
Branch footprint
Where Alerus Financial has branches
Explore the cities with the most currently listed locations. Branch hours can change, so confirm current lobby, drive-through and appointment hours with the institution before visiting.
Locations
Find a branch of Alerus Financial
Albert Lea Branch
143 W Clark St, Albert Lea, Minnesota, 56007
Full-service branch · Opened January 1, 1887
Alerus National Association
10900 Wayzata Boulevard, Suite 900, Minnetonka, Minnesota, 55305
Full-service branch · Opened October 3, 1994
Austin Branch
201 W Oakland Ave, Austin, Minnesota, 55912
Full-service branch · Opened July 1, 1934
Beacon Bank, Eden Prairie Office
7890 Mitchell Rd, Eden Prairie, Minnesota, 55344
Full-service branch · Opened August 1, 2004
Broadway
15 Broadway N, Fargo, North Dakota, 58102
Full-service branch · Opened May 10, 1991
Excelsior Branch
409 2nd St, Excelsior, Minnesota, 55331
Full-service branch · Opened April 1, 1996
Financial overview
Latest reported figures
Through June 30, 2026
Financial trends
How the balance sheet has changed
Compare recent quarters to see the direction of assets, deposits and loans.
| Quarter | Assets | Deposits | Net loans | ROA |
|---|---|---|---|---|
| June 30, 2026 | $5.28B | $4.24B | $4.01B | 1.78% |
| March 31, 2026 | $5.28B | $4.39B | $4.01B | 1.81% |
| December 31, 2025 | $5.21B | $4.24B | $4.01B | 0.42% |
| September 30, 2025 | $5.32B | $4.46B | $4.06B | 1.36% |
| June 30, 2025 | $5.31B | $4.38B | $4.05B | 1.37% |
| March 31, 2025 | $5.33B | $4.53B | $4.04B | 1.09% |
| December 31, 2024 | $5.25B | $4.43B | $3.95B | 0.67% |
| September 30, 2024 | $4.07B | $3.39B | $3.01B | 0.74% |
Size and reach
How this institution compares
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More on Alerus Financial
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Branch locations
27 listed locations.
Explore →Compare this institution
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Explore →State banking market
Explore institutions and deposit-market context in North Dakota.
Explore →Grand Forks banking market
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Explore →Rankings and research
Place this institution in national and market context.
Explore →Sources and methodology
Review the official sources and reporting periods.
Explore →Frequently asked questions
Is Alerus Financial federally insured?
Yes. Bankular identifies this institution in FDIC records under certificate 3931.
Where is Alerus Financial headquartered?
Alerus Financial is headquartered in Grand Forks, North Dakota, at 401 Demers Ave, Grand Forks, North Dakota, 58201.
How large is Alerus Financial?
It reported $5.28B in assets and $4.24B in deposits for the period ending June 30, 2026.
How many locations does Alerus Financial have?
Bankular currently lists 27 branch locations for this institution.
Data sources and methodology
Bankular combines official regulatory records with institution-published product information. The detailed sources are available below for readers who want to verify a figure.