Alerus Financial, National Association is headquartered in Grand Forks, North Dakota. It is a national bank (chartered by the OCC), established 09/30/1933 and insured by the FDIC since 01/01/1934. At the 06/30/2026 reporting date it held $5.3 billion in assets and $4.2 billion in deposits across 26 offices.
Size
By total assets it ranks #281 of 4,213 active FDIC-insured banks in the United States. Among the 60 FDIC-insured banks headquartered in North Dakota it ranks #4.
Capital and earnings
| Equity capital | $580 million (11.0% of assets) |
|---|---|
| Net income, year to date | $47 million through 06/30/2026 |
| Return on assets (annualized) | 1.78% |
Equity capital is what the bank owns after subtracting its liabilities; a higher share of assets means a thicker cushion against losses. These are the bank’s own regulatory filings, not a rating or a recommendation.
Is it FDIC insured?
Yes. Alerus Financial, National Association holds FDIC certificate number 3931. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category. You can confirm this on the bank’s FDIC BankFind page.
Other large banks in North Dakota
- Bell Bank, $15.2 billion in assets
- Choice Financial Group, $6.4 billion in assets
- First International Bank & Trust, $6.2 billion in assets
Banks of a similar size
- Southern Bank and Trust Company, #279, $5.3 billion in assets
- Leader Bank, National Association, #280, $5.3 billion in assets
- Northeast Bank, #282, $5.2 billion in assets
- Southern Bank, #283, $5.2 billion in assets
Related
- Credit unions in North Dakota
- Top mortgage lenders in North Dakota
- North Dakota property tax, home prices and banks
- All large US banks
- Compared savings accounts
This page reports regulatory data only. It does not show the bank’s rates or products, which change often and are listed on the bank’s own site. alerus.com