(ALRS) Alerus Financial - Ratings and Ratios

Alerus Financial Corporation is a bank holding company that oversees Alerus Financial, National Association, providing a broad range of financial services to both businesses and individual consumers. The company's operations are divided into four distinct segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. This structure allows Alerus to offer a diverse array of products and services, including deposit products such as demand deposits, interest-bearing transaction accounts, and certificates of deposit, as well as treasury management products like electronic receivables management and cash vault services.

On the lending side, Alerus Financial Corporation provides commercial loans, including business term loans and commercial real estate loans, as well as construction and land development loans. For consumers, the company offers residential first mortgage loans, installment loans, lines of credit, and second mortgage loans. Additionally, Alerus delivers retirement plan administration and investment advisory services, employee stock ownership plans, fiduciary services, and other benefit services, including individual retirement accounts. This comprehensive approach enables the company to cater to a wide range of financial needs, from personal banking and lending to complex retirement planning and wealth management.

Alerus Financial Corporation also provides a variety of convenience-oriented services, including debit and credit cards, online banking, mobile banking, and payment services. Furthermore, the company offers private banking, payroll accounts, flex spending accounts, and administration services, as well as government health insurance program services. With banking services available in North Dakota, Minnesota, and Arizona, and retirement and benefit plans offered through offices in Michigan, Minnesota, and Colorado, Alerus has established a significant presence in the financial services sector. Founded in 1879 and headquartered in Grand Forks, North Dakota, Alerus Financial Corporation has a long history of providing financial solutions to its customers.

With a strong foundation in traditional banking and a growing presence in wealth management and retirement services, Alerus Financial Corporation is well-positioned to meet the evolving financial needs of its customers. The company's website, https://alerus.com, provides additional information on its products and services. As a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol ALRS, Alerus Financial Corporation is committed to delivering value to its shareholders while maintaining its focus on customer satisfaction and community involvement. The company's common stock is classified under the GICS Sub Industry of Diversified Financial Services, and its ISIN is US01446U1034.