Every 10-Q that Alerus Financial Corporation (ALRS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALRS filings page.
Alerus Financial Corporation reported Q2 2026 net income of $20,865 versus $20,253 in Q2 2025, and six‑month net income of $43,836 versus $33,567 a year earlier. Basic EPS was $0.82 for Q2 and $1.72 for the first half of 2026. Dollar figures are stated in thousands where applicable.
Net interest income rose to $47,712 in Q2 and $92,623 for six months, while noninterest income reached $32,945 in Q2 and $63,792 year‑to‑date. Total assets were $5,288,718 at June 30, 2026, with loans of $4,034,244 and deposits of $4,191,897. The allowance for credit losses on loans declined to $48,361, which the company attributed primarily to lower nonperforming loans.
Alerus Financial Corporation reported significantly higher profitability for the quarter ended March 31, 2026. Net income rose to $22.97 million from $13.32 million a year earlier, with basic earnings per share increasing to $0.90 from $0.52.
Net interest income improved to $44.91 million, helped by lower interest expense, while a $4.88 million recovery of credit losses boosted results compared with a prior-year provision. Noninterest income grew to $30.85 million, driven by retirement and benefit services, wealth advisory, and stronger mortgage banking revenue.
Total assets reached $5.29 billion and deposits were $4.35 billion. The allowance for credit losses on loans decreased to $50.51 million, primarily reflecting lower nonperforming loans, while nonaccrual loans declined compared with year-end.
Alerus Financial Corp (ALRS) filed its Form 10‑Q, highlighting hedge accounting, credit loss components, and derivative disclosures. The company notes residential agency mortgage‑backed securities are designated as the hedged item in a fair value hedge using the portfolio layer method; the amortized cost of closed portfolios used in these hedging relationships was $281.6 million as of June 30, 2025, compared with $296.9 million as of December 31, 2024.
The filing details credit loss expense components, including a difference tied to ($3.9) million for off‑balance sheet credit exposure, ($6) thousand for HTM securities, and $78 thousand for non‑mortgage loans transferred to held for sale; another period shows ($31) thousand for off‑balance sheet exposure and ($76) thousand for HTM securities. Alerus maintains master netting agreements for interest rate swap counterparties and obtains collateral on customer loan swaps. Derivative assets are recorded in other assets and derivative liabilities in accrued expenses and other liabilities. Low‑income housing tax credit amortization and related tax benefits are reflected within income tax expense.