Total Assets
$5.3B
Total Deposits
$4.2B
Branches
27
Established
1933
Alerus Financial, National Association is a bank headquartered in Grand Forks, North Dakota, established in 1933. It holds $5.3B in total assets across 27 branch locations. In our editorial opinion, based on public FDIC/NCUA data, Alerus Financial, National Association earns a TFS Financial Health Grade of B (79.0/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
79.0 / 100
Good financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| Alerus Financial, National AssociationHQ | 401 Demers Ave | Grand Forks | ND | 11 |
| Alerus Financial, National Association | 4686 E Van Buren St | Phoenix | AZ | 11 |
| Alerus Financial, National Association | 17045 N Scottsdale Rd | Scottsdale | AZ | 11 |
| Alerus Financial, National Association | 303 W Main St | Marshalltown | IA | 11 |
| Alerus Financial, National Association | 143 W Clark St | Albert Lea | MN | 11 |
| Alerus Financial, National Association | 201 W Oakland Ave | Austin | MN | 11 |
| Alerus Financial, National Association | 2805 Dodd Rd | Eagan | MN | 11 |
| Alerus Financial, National Association | 7890 Mitchell Rd | Eden Prairie | MN | 11 |
| Alerus Financial, National Association | 409 2nd St | Excelsior | MN | 11 |
| Alerus Financial, National Association | 502 S Mantorville Ave | Kasson | MN | 23 |
| Alerus Financial, National Association | 208 S Walnut St | La Crescent | MN | 11 |
| Alerus Financial, National Association | 10900 Wayzata Boulevard, Suite 900 | Minnetonka | MN | 11 |
| Alerus Financial, National Association | 990 Helena Ave N | Oakdale | MN | 11 |
| Alerus Financial, National Association | 1015 W Frontage Rd | Owatonna | MN | 11 |
| Alerus Financial, National Association | 2048 Superior Dr Nw | Rochester | MN | 11 |
| Alerus Financial, National Association | 1016 Civic Center Dr Nw | Rochester | MN | 11 |
| Alerus Financial, National Association | 155 1st Avenue Sw | Rochester | MN | 11 |
| Alerus Financial, National Association | 4100 Lexington Ave. N. | Shoreview | MN | 11 |
| Alerus Financial, National Association | 715 N Broadway St | Spring Valley | MN | 11 |
| Alerus Financial, National Association | 175 Center St | Winona | MN | 11 |
| Alerus Financial, National Association | 3189 Ace Allen Way S | Fargo | ND | 11 |
| Alerus Financial, National Association | 15 Broadway N | Fargo | ND | 11 |
| Alerus Financial, National Association | 500 Demers Ave | Grand Forks | ND | 11 |
| Alerus Financial, National Association | 2300 S Columbia Rd | Grand Forks | ND | 11 |
| Alerus Financial, National Association | 503 Washington Ave | Northwood | ND | 11 |
| Alerus Financial, National Association | 110 Sheyenne St | West Fargo | ND | 28 |
| Alerus Financial, National Association | 1870 Meadow Ln | Pewaukee | WI | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
79.0
Tier 1 capital ratio
9.26%
Return on assets
1.78%
Non-performing loans
0.26%
Efficiency ratio
61.42%
Asset growth (YoY)
-0.68%
Suggested direct comparisons
Grand Forks, ND
$1.5M
Fargo, ND
$4.0B
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.