Total Assets
$5.2B
Total balance-sheet footings
FDIC Cert #3931 · Grand Forks, North Dakota · Est. 1933
Alerus Financial, National Association - FDIC Bank Health Profile
A community-scale look at Alerus Financial, National Association's own numbers, pulled straight from its quarterly FDIC Call Report.
- $5.2B
- Total assets
- C
- Health grade · Fair
- 0.42%
- Return on assets
- 10.4%
- Tier 1 capital
Data updated July 2026
The verdict
Alerus Financial, National Association earns a PlainBankData health grade of C (59/100), with well-capitalized at 10.41% Tier 1, 0.42% ROA, 63% efficiency ratio.
- #283
- largest of 4,313 FDIC banks by assets
- 94th
- percentile by asset size, nationally
- 10.41%
- Tier 1 ratio - above the 10% well-capitalized line
- 13th
- percentile for profitability (ROA), nationally
PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.
How Alerus Financial, National Association's 59/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Alerus Financial, National Association's composite health score
Tier 1 Capital Ratio (10.41%) 28/40
Return on Assets (ROA) (0.42%) 7/25
Texas Ratio (10.63%) 16/20
Efficiency Ratio (63.18%) 8/15
59 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$4.2B
Customer-funded liabilities
Net Loans
$4.0B
Outstanding loan book
Net Income
$22M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Alerus Financial, National Association ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Alerus Financial, National Association's score of 59/100 falls in the highlighted band.
Alerus Financial, National Association's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Alerus Financial, National Association's $5.2B falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
10.41% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
10.41%
Texas Ratio
10.63%
Equity Capital
$561M
Profitability metrics
Return on Assets (ROA)
13th percentile nationally
0.42%
Return on Equity (ROE)
4.16%
Efficiency Ratio
63.18%
What the numbers say about Alerus Financial, National Association
Alerus Financial, National Association is an FDIC-insured institution (Certificate #3931) headquartered in Grand Forks, North Dakota, established in 1933. It holds $5.2B in total assets - 283rd of 4,313 FDIC-insured banks, $4.2B in customer deposits, and $4.0B in net loans. Its capital position: a Tier 1 ratio of 10.41%, meeting the 10% federal well-capitalized bar, alongside a Texas Ratio of 10.63% that is well inside the healthy sub-50% band. That combination rolls up into a PlainBankData health grade of C (59 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
Nationally, Alerus Financial, National Association sits in the top decile of all FDIC-insured institutions by asset size (283rd of 4,313), and within North Dakota it ranks 4th of 61 state-chartered and national banks headquartered there. The next-largest bank in the state by assets is Gate City Bank, at $4.0B. A bank of this scale carries systemic weight in its market -- its lending and deposit decisions move local credit availability in a way a community-scale institution's simply cannot.
Income & expense breakdown
$280M
Interest Income
$120M
Non-Interest Income
$197M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Alerus Financial, National Association reports a Texas Ratio of 10.63% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
10.63% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in North Dakota by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Alerus Financial, National Association (FDIC Cert #3931) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in North Dakota
All North Dakota banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Bell BankFargo | $14.4B | C | 0.59% |
| First International Bank & TrustWatford City | $6.2B | B | 1.69% |
| Choice Financial GroupFargo | $6.0B | B | 1.22% |
| Gate City BankFargo | $4.0B | D | 0.60% |
| Bravera BankDickinson | $3.8B | B | 1.12% |
| Western State BankDevils Lake | $2.6B | A | 1.79% |
| First Western Bank & TrustMinot | $2.3B | C | 0.84% |
| Starion BankBismarck | $2.1B | B | 0.80% |
Frequently asked questions
What is Alerus Financial, National Association's health grade?▼
Alerus Financial, National Association receives a health grade of C (59/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank meets regulatory minimums but has some areas of financial weakness to monitor.
How large is Alerus Financial, National Association?▼
Alerus Financial, National Association holds $5.2B in total assets and $4.2B in deposits, ranking 283rd of 4,313 FDIC-insured banks by asset size. It is headquartered in Grand Forks, North Dakota.
Is my money safe at Alerus Financial, National Association?▼
Yes, deposits at Alerus Financial, National Association (Certificate #3931) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Alerus Financial, National Association's Tier 1 Capital Ratio?▼
Alerus Financial, National Association has a Tier 1 Capital Ratio of 10.41%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for Alerus Financial, National Association?▼
Alerus Financial, National Association has a Texas Ratio of 10.63%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Alerus Financial, National Association?▼
Alerus Financial, National Association has an Efficiency Ratio of 63.18%. Past the 60% mark, a bigger slice of revenue is absorbed by operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Alerus Financial, National Association's profile as a depositor or analyst.
- Alerus Financial, National Association's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Alerus Financial, National Association against other North Dakota banks before moving funds. North Dakota banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.