🏦Bank Scorer

ALERUS FINANCIAL, NATIONAL ASSOCIATION

GRAND FORKS, ND · Supervised by OCC (Office of the Comptroller of the Currency)

Est. 1933FDIC #3,931
Satisfactory Same

Current rating · Exam: July 2025

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.81%

Institution Profile

FDIC BankFind

Address

401 Demers Ave, GRAND FORKS, ND

County

Grand Forks County

Established

September 30, 1933

Total Assets

$5.3B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

July 14, 2025

Exam Type

Large Bank

Regulator

OCC (Office of the Comptroller of the Currency)
What is a CRA rating? →
Estimated next exam:Jul 2029(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$5.3B

Total Deposits

$4.4B

Net Loans

$4.0B

Net Income

$24M

ROA

1.81%

ROE

16.77%

Risk-Based Capital

12.00%

Regulatory minimum: 8%

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate6.58%Peer avg: 9.91%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

29

Branch Deposits

$4.4B

1-Year Change

+15

5-year net change: +14 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20242,63177.46%6.58%
20231,95984.18%4.65%
20223,47986.46%3.56%
20217,16891.16%1.67%
20207,78889.95%1.73%
20194,70489.09%2.70%
20184,32188.54%2.78%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

11 previous ratings locked — dating back to 1990

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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