Alerus Financial Balance Sheet Health
Financial Health criteria checks 6/6
Alerus Financial has total assets of $4.4B and total equity of $373.2M. Total deposits are $3.3B, and total loans are $2.9B. It earns a Net Interest Margin of 2.5%. It has sufficient allowance for bad loans, which are currently at 0.9% of total loans. Cash and short-term investments are $450.8M.
Key information
11.7x
Asset to equity ratio
2.5%
Net interest margin
| Total deposits | US$3.30b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.9% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$450.78m |
Recent financial health updates
No updates
Recent updates
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.20
May 31
Alerus Financial (NASDAQ:ALRS) Is Increasing Its Dividend To $0.19
May 15Alerus Financial Corporation declares $0.18 dividend
Sep 13Alerus Financial Corporation GAAP EPS of $0.52 misses by $0.03, revenue of $52.02M misses by $2.88M
Jul 27Alerus Financial appoints Jon Hendry as chief technology officer
Jul 20Alerus Financial completes acquisition of Metro Phoenix Bank holding company
Jul 01Alerus Financial (NASDAQ:ALRS) Is Paying Out A Larger Dividend Than Last Year
May 29Alerus Financial (NASDAQ:ALRS) Has Announced That It Will Be Increasing Its Dividend To US$0.18
May 15Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: ALRS's Assets to Equity ratio (11.7x) is moderate.
Allowance for Bad Loans: ALRS has a sufficient allowance for bad loans (139%).
Low Risk Liabilities: 83% of ALRS's liabilities are made up of primarily low risk sources of funding.
Loan Level: ALRS has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: ALRS's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: ALRS has an appropriate level of bad loans (0.9%).