ALERUS FINANCIAL CORP financial statements (2021 and earlier)

Company profile

Business Address 401 DEMERS AVE
GRAND FORKS, ND 58201
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments147
Cash and cash equivalents144
Short-term investments3
Total current assets:147
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset8
Property, plant and equipment21
Intangible assets, net (including goodwill)46
Goodwill27
Intangible assets, net (excluding goodwill)18
Deferred income tax assets8
Total noncurrent assets:83
Other undisclosed assets2,127
TOTAL ASSETS:2,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,071
Total liabilities:2,071
Stockholders' equity
Stockholders' equity attributable to parent286
Common stock17
Additional paid in capital89
Accumulated other comprehensive income2
Retained earnings178
Total stockholders' equity:286
TOTAL LIABILITIES AND EQUITY:2,357

Income statement (P&L) ($ in millions)

12/31/2019
Revenues93
Net investment income92
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(7)
Gross profit:85
Operating expenses(12)
Other operating income, net
(Noninterest Income, Other Operating Income)
7
Operating income:81
Nonoperating income
(Bank Owned Life Insurance Income)
1
Interest and debt expense(19)
Income from continuing operations before equity method investments, income taxes:63
Other undisclosed loss from continuing operations before income taxes(24)
Income from continuing operations before income taxes:39
Income tax expense(9)
Net income attributable to parent:30
Undistributed earnings (loss) allocated to participating securities, basic(1)
Net income available to common stockholders, diluted:29

Comprehensive Income ($ in millions)

12/31/2019
Net income:30
Comprehensive income:30
Other undisclosed comprehensive income, net of tax, attributable to parent6
Comprehensive income, net of tax, attributable to parent:35

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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