BlastPoint's Banking Scorecard
Alerus Financial, National Association
Mid-Market
Specialty: Commercial
ND
FDIC cert 3931
Grand Forks, ND
201
banks in Mid-Market tier nationally
4 in ND
View Mid-Market leaderboard (ND) →
Alerus Financial, National Association has 1 strength but faces 7 concerns
Key Strengths
Areas where this bank excels compared to peers
- + Non-Interest Income / Assets 1.35% above tier
Key Concerns
Areas that may need attention
- - Flatlined Growth: Bottom 2% in Mid-Market
- - Deposit Outflow: Bottom 9% in Mid-Market
- - Liquidity Strain: Bottom 18% in Mid-Market
- - Credit Risk Growth: Bottom 20% in Mid-Market
- - Capital Thin: Bottom 36% in Mid-Market
- - Capital Constraint: Bottom 50% in Mid-Market
- - Nonperforming Asset Ratio 0.78% above tier
Core Metrics
As of 2025-Q4
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$5.2B
-0.8% YoY
-2.1% QoQ
|
-$5.2B |
$10.5B
+2.9% YoY
|
$1.1B
+4.8% YoY
|
$5.9B
+6.5% YoY
|
Bottom 4% in tier |
| Total Loans ? |
$4.0B
+1.5% YoY
-1.2% QoQ
|
-$3.1B |
$7.1B
+4.5% YoY
|
$765.4M
+5.0% YoY
|
$3.1B
+8.5% YoY
|
17% |
| Total Deposits ? |
$4.2B
-4.2% YoY
-4.9% QoQ
|
-$4.3B |
$8.5B
+3.0% YoY
|
$905.0M
+3.6% YoY
|
$4.7B
+6.3% YoY
|
Bottom 5% in tier |
| Return on Assets ? |
0.42%
-37.1% YoY
-69.1% QoQ
|
-0.74% |
1.16%
+9.4% YoY
|
1.32%
+12.0% YoY
|
1.12%
+15.6% YoY
|
Bottom 10% in tier |
| Net Interest Margin ? |
3.60%
+33.3% YoY
+1.9% QoQ
|
+0.20% |
3.40%
+7.9% YoY
|
3.71%
+7.8% YoY
|
3.75%
+7.1% YoY
|
54% |
| Efficiency Ratio ? |
63.18%
-11.4% YoY
-0.2% QoQ
|
+6.57% |
56.60%
-3.2% YoY
|
61.23%
-5.7% YoY
|
65.09%
-5.1% YoY
|
28% |
| Delinquency Rate ? |
1.65%
+24.8% YoY
+12.3% QoQ
|
+0.97% |
0.68%
+12.0% YoY
|
0.75%
+12.5% YoY
|
0.66%
+20.3% YoY
|
Bottom 9% in tier |
| Loan-to-Deposit Ratio ? |
94.50%
+5.9% YoY
+3.8% QoQ
|
+9.03% |
85.47%
+1.1% YoY
|
72.91%
+0.6% YoY
|
78.04%
+0.7% YoY
|
76% |
| Non-Interest-Bearing Deposit Share ? |
20.21%
-6.1% YoY
+9.5% QoQ
|
-0.43% |
20.64%
-0.3% YoY
|
21.38%
-4.0% YoY
|
21.79%
-1.3% YoY
|
44% |
| Nonperforming Asset Ratio ? |
1.28%
+28.2% YoY
+13.4% QoQ
|
+0.78% |
0.50%
+7.3% YoY
|
0.49%
+9.5% YoY
|
0.48%
+20.8% YoY
|
Bottom 9% in tier |
| Tier 1 Capital Ratio ? |
10.41%
+2.3% YoY
-5.4% QoQ
|
-3.14% |
13.55%
+1.8% YoY
|
7.43%
-1.1% YoY
|
9.75%
-1.9% YoY
|
Bottom 9% in tier |
| Non-Interest Income / Assets ? |
2.30%
+5.4% YoY
+38.2% QoQ
|
+1.35% |
0.96%
+7.1% YoY
|
0.45%
-9.1% YoY
|
0.65%
+0.6% YoY
|
Top 5% in tier |
Signature Analysis
Strengths (1)
Non-Interest Income / Assets
metric
Top 5%
in Mid-Market
Why this stands out
Current:
2.30%
(Tier avg: 0.96%, National avg: 0.65%)
Concerns (7)
Flatlined Growth
risk
#2 of 44 · Bottom 2% in Mid-Market
Asset growth stalled (-2% to +2% YoY) despite healthy profitability (>0.25% ROA). Suggests untapped opportunity or strategic drift worth investigating.
Why this signature
Return on Assets:
0.42%
(Tier: 1.16%, National: 1.12%)
44 of 44 Mid-Market banks match
·
308 nationally
↓ Shrinking
-35 banks QoQ
Deposit Outflow
decline
#4 of 33 · Bottom 9% in Mid-Market
Deposits down 0.5%+ YoY. Funding base eroding - rate competition or franchise weakness.
33 of 33 Mid-Market banks match
·
294 nationally
↑ Growing
+37 banks QoQ
Liquidity Strain
risk
#15 of 80 · Bottom 18% in Mid-Market
Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.
Why this signature
Loan-to-Deposit Ratio:
94.50%
(Tier: 85.47%, National: 78.04%)
80 of 80 Mid-Market banks match
·
609 nationally
→ Stable
-4 banks QoQ
|
QoQ rank improving
Credit Risk Growth
risk
#18 of 87 · Bottom 20% in Mid-Market
Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.
87 of 87 Mid-Market banks match
·
759 nationally
→ Stable
+24 banks QoQ
Capital Thin
risk
#19 of 51 · Bottom 36% in Mid-Market
Tier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.
Why this signature
Tier 1 Risk-Based Capital Ratio:
10.41%
(Tier: 13.55%, National: 9.75%)
51 of 51 Mid-Market banks match
·
505 nationally
→ Stable
+11 banks QoQ
|
QoQ rank improving
Capital Constraint
risk
#5 of 9 · Bottom 50% in Mid-Market
Strong balance sheet under pressure - deposits leaving while lending capacity maxed. Need funding solutions before hitting regulatory limits.
Why this signature
Loan-to-Deposit Ratio:
94.50%
(Tier: 85.47%, National: 78.04%)
Tier 1 Risk-Based Capital Ratio:
10.41%
(Tier: 13.55%, National: 9.75%)
9 of 9 Mid-Market banks match
·
57 nationally
→ Stable
-1 banks QoQ
Nonperforming Asset Ratio
metric
Bottom 9%
in Mid-Market
Why this stands out
Current:
1.28%
(Tier avg: 0.50%, National avg: 0.48%)
Metric Rankings
How this bank ranks across all 12 tracked metrics. Switch cohort to compare against different peer sets.
Strengths: Metrics in the top 25% (75th percentile or higher) Concerns: Metrics in the bottom 25%
Top Strengths
95
95th pctile
Non-Interest Income / Assets
Current: 2.30% · Tier avg: 0.96%
76
76th pctile
Loan-to-Deposit Ratio
Current: 94.50% · Tier avg: 85.47%
54
54th pctile
Net Interest Margin
Current: 3.60% · Tier avg: 3.40%
44
44th pctile
Non-Interest-Bearing Deposit Share
Current: 20.21% · Tier avg: 20.64%
28
28th pctile
Efficiency Ratio
Current: 63.18% · Tier avg: 56.60%
17
17th pctile
Total Loans
Current: $4.0B · Tier avg: $7.1B
10
10th pctile
Return on Assets
Current: 0.42% · Tier avg: 1.16%
9
9th pctile
Nonperforming Asset Ratio
Current: 1.28% · Tier avg: 0.50%
9
9th pctile
Tier 1 Capital Ratio
Current: 10.41% · Tier avg: 13.55%
9
9th pctile
Delinquency Rate
Current: 1.65% · Tier avg: 0.68%
5
5th pctile
Total Deposits
Current: $4.2B · Tier avg: $8.5B
4
4th pctile
Total Assets
Current: $5.2B · Tier avg: $10.5B
Top Weaknesses
4
4th pctile
Total Assets
Current: $5.2B · Tier avg: $10.5B
5
5th pctile
Total Deposits
Current: $4.2B · Tier avg: $8.5B
9
9th pctile
Delinquency Rate
Current: 1.65% · Tier avg: 0.68%
9
9th pctile
Tier 1 Capital Ratio
Current: 10.41% · Tier avg: 13.55%
9
9th pctile
Nonperforming Asset Ratio
Current: 1.28% · Tier avg: 0.50%
10
10th pctile
Return on Assets
Current: 0.42% · Tier avg: 1.16%
17
17th pctile
Total Loans
Current: $4.0B · Tier avg: $7.1B
28
28th pctile
Efficiency Ratio
Current: 63.18% · Tier avg: 56.60%
44
44th pctile
Non-Interest-Bearing Deposit Share
Current: 20.21% · Tier avg: 20.64%
54
54th pctile
Net Interest Margin
Current: 3.60% · Tier avg: 3.40%
76
76th pctile
Loan-to-Deposit Ratio
Current: 94.50% · Tier avg: 85.47%
95
95th pctile
Non-Interest Income / Assets
Current: 2.30% · Tier avg: 0.96%