Alerus Financial, National Association
Alerus Financial, National Association is a national bank based in Grand Forks, North Dakota, with $5.3 billion in assets and $4.2 billion in deposits as of 30 June 2026. The FDIC’s 2026 branch survey counts 26 branches in 17 counties.
| FDIC certificate | 3931 |
|---|---|
| Charter class | National bank |
| Established | Not published |
| Assets | $5.3 billion |
| Deposits | $4.2 billion |
| Offices | 26 |
| Net income, year to date | $46.7 million |
| Return on assets | 1.78% |
| Website | www.alerus.com |
| Mortgage lending | Alerus Financial, National Association reported 2,118 mortgages made in 2025. |
Branches by county, 2026
| County | Branches | Deposits |
|---|---|---|
| Grand Forks County, ND | 4 | $583.6 million |
| Hennepin County, MN | 3 | $1.9 billion |
| Olmsted County, MN | 3 | $363.6 million |
| Cass County, ND | 2 | $610.6 million |
| Maricopa County, AZ | 2 | $252.4 million |
| Waukesha County, WI | 1 | $76.9 million |
| Freeborn County, MN | 1 | $74.3 million |
| Washington County, MN | 1 | $72.3 million |
| Fillmore County, MN | 1 | $64.8 million |
| Dodge County, MN | 1 | $58.0 million |
| Mower County, MN | 1 | $57.9 million |
| Marshall County, IA | 1 | $39.2 million |
| Ramsey County, MN | 1 | $36.3 million |
| Winona County, MN | 1 | $32.2 million |
| Houston County, MN | 1 | $28.5 million |
| Steele County, MN | 1 | $16.4 million |
| Dakota County, MN | 1 | $14.6 million |
Closed since the 2025 survey
5 branches in the 2025 survey have no 2026 row: closed, sold, or moved.
- 2805 Dodd Rd, Ste 160, Eagan, MN (Dakota)
- Canadian Pacific Plaza, 120 S 6th St, Ste. 200, Minneapolis, MN (Hennepin)
- 1201 Broadway Ave S, Rochester, MN (Olmsted)
- 3137 32nd Ave Sw, Fargo, ND (Cass)
- 901 13th Ave E, West Fargo, ND (Cass)
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. Branches and deposits come from the FDIC Summary of Deposits as of 30 June 2026, and bank balance sheets from the FDIC institutions directory. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.