Alerus Financial, National Association: how it compares with its peers
Against 336 U.S. banks with half to twice its assets, Alerus Financial, National Association's strongest measure in Q2 2026 is return on assets (1.78% vs. a 1.32% peer median). Its weakest relative measure is assets per employee ($6.0M vs. $9.7M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.78% | 1.32% | Top third Ahead of 83% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.89% | 3.66% | Middle third Ahead of 64% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.42% | 56.09% | Bottom third Ahead of 31% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.0M | $9.7M | Bottom third Ahead of 7% of peers |
| Loans to deposits Net loans and leases over total deposits. | 94.66% | 88.34% | Context |
What it means for lending operations
Its efficiency ratio of 61.42% is above the 56.09% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Leader Bank, National Association Arlington, MA · $5.28B
- Southern Bank and Trust Company Mount Olive, NC · $5.30B
- Northeast Bank Portland, ME · $5.23B
- InterBank Oklahoma City, OK · $5.33B
- Celtic Bank Salt Lake City, UT · $5.33B
- Morton Community Bank Morton, IL · $5.35B
Questions about Alerus Financial, National Association
How big is Alerus Financial, National Association?
Alerus Financial, National Association, established in 1933, is headquartered in Grand Forks, ND. It reported $5.28B in total assets in its Q2 2026 FDIC call report and operates 26 offices.
What is Alerus Financial, National Association's return on assets?
1.78% annualized in Q2 2026, against a 1.32% median for 336 U.S. banks with half to twice its assets, ahead of 83% of them.
What is Alerus Financial, National Association's efficiency ratio?
61.42% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 56.09%, and lower is better.
Is Alerus Financial, National Association growing its loans?
Net loans shrank 1.0% over the year to Q2 2026, while deposits shrank 3.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every North Dakota bank ranked.