BlastPoint's Banking Scorecard
Alerus Financial, National Association
Grand Forks, ND
26 branches across MN · ND · AZ · IA · WI
NEW · Q2 2026 RECAP
Your Quarter, Wrapped
A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.
Q2 2026 at a glance
- 1 of 885 banks in the $1B-$10B peer group nationwide — 1 of 12 in ND.
- Deposits -3.2% year over year ($4.2B on the books).
- Delinquency rate 0.27%.
- Return on assets 1.78%.
- Efficiency ratio 61.42% vs a 59.73% peer average.
- Loan-to-deposit ratio 94.66% vs a 85.04% peer average.
Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.
Alerus Financial, National Association has 3 strengths but faces 5 concerns
Key Strengths
Areas where this bank excels compared to peers
- + Revenue Diversifier: Top 14.4% in tier
- + Profitability Leader: Top 40.1% in tier
- + Delinquency Rate 0.60% below tier average
Key Concerns
Areas that may need attention
- - Liquidity Strain: Bottom 8.6% in tier
- - Capital Thin: Bottom 11.3% in tier
- - Deposit Outflow: Bottom 31.3% in tier
- - Capital Constraint: Bottom 40.6% in tier
- - Efficiency Ratio 1.69% above tier average
Core Metrics
As of 2026-Q2
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$5.3B
-0.7% YoY
-0.0% QoQ
|
+$2.5B |
$2.8B
-0.6% YoY
|
$1.1B
+6.9% YoY
|
$6.3B
+7.7% YoY
|
Top 13.6% in tier |
| Total Loans ? |
$4.0B
-1.0% YoY
+0.2% QoQ
|
+$2.0B |
$2.0B
-0.3% YoY
|
$805.2M
+6.2% YoY
|
$3.2B
+9.4% YoY
|
Top 11.9% in tier |
| Total Deposits ? |
$4.2B
-3.2% YoY
-3.5% QoQ
|
+$1.9B |
$2.3B
-0.5% YoY
|
$922.2M
+5.0% YoY
|
$4.9B
+7.3% YoY
|
Top 13.3% in tier |
| Return on Assets ? |
1.78%
+30.3% YoY
-2.0% QoQ
|
+0.39% |
1.39%
+17.0% YoY
|
1.44%
+8.8% YoY
|
1.30%
+12.1% YoY
|
81% |
| Net Interest Margin ? |
3.89%
+11.0% YoY
+3.4% QoQ
|
+0.02% |
3.87%
+6.2% YoY
|
3.79%
+4.3% YoY
|
3.95%
+4.9% YoY
|
62% |
| Efficiency Ratio ? |
61.42%
-2.4% YoY
-2.2% QoQ
|
+1.69% |
59.73%
-12.6% YoY
|
59.23%
-3.7% YoY
|
70.05%
+2.5% YoY
|
42% |
| Delinquency Rate ? |
0.27%
-77.3% YoY
-80.1% QoQ
|
-0.60% |
0.87%
+11.7% YoY
|
0.86%
+16.6% YoY
|
0.98%
+16.3% YoY
|
72% |
| Loan-to-Deposit Ratio ? |
94.66%
+2.3% YoY
+3.8% QoQ
|
+9.62% |
85.04%
-0.1% YoY
|
73.82%
-0.7% YoY
|
79.03%
+2.3% YoY
|
27% |
| Non-Interest-Bearing Deposit Share ? |
19.03%
+0.0% YoY
-7.4% QoQ
|
-2.24% |
21.27%
-1.5% YoY
|
21.56%
+2.8% YoY
|
21.98%
-0.6% YoY
|
45% |
| Nonperforming Asset Ratio ? |
0.38%
-57.6% YoY
-62.4% QoQ
|
-0.29% |
0.67%
+11.7% YoY
|
0.54%
+8.1% YoY
|
0.69%
+15.8% YoY
|
54% |
| Tier 1 Capital Ratio ? |
10.92%
+1.2% YoY
+1.5% QoQ
|
-3.93% |
14.84%
-0.4% YoY
|
12.90%
+0.7% YoY
|
17.09%
+0.8% YoY
|
17% |
| Non-Interest Income / Assets ? |
1.21%
+8.0% YoY
+105.5% QoQ
|
+0.68% |
0.53%
+2.5% YoY
|
0.22%
-1.4% YoY
|
0.66%
+5.2% YoY
|
Top 5.2% in tier |
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
Additional Detail
Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2
Deposit Composition
% of total deposits
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Noninterest-Bearing |
19.0%
0.0pp YoY -1.5pp QoQ |
-2.3pp | 21.4% | 21.6% | 22.2% | 45% |
| Brokered Deposits |
0.2%
-4.1pp YoY 0.0pp QoQ |
-9.3pp | 9.5% | 6.0% | 8.5% | 7% |
Loan Composition
% of total loans & leases
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| C&I |
16.5%
0.0pp YoY -0.4pp QoQ |
+2.5pp | 14.0% | 12.9% | 12.5% | 72% |
| CRE |
49.6%
-2.2pp YoY -0.2pp QoQ |
-0.5pp | 50.0% | 29.0% | 41.4% | 49% |
| 1-4 Family |
28.9%
+0.3pp YoY -0.3pp QoQ |
+2.5pp | 26.4% | 12.3% | 31.3% | 64% |
| Consumer |
1.1%
+0.1pp YoY +0.1pp QoQ |
-3.6pp | 4.7% | 4.5% | 5.0% | 48% |
Capital
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| CET1 Ratio |
10.9%
+0.1pp YoY +0.2pp QoQ |
-4.7pp | 15.6% | 15.3% | 19.7% | 8% |
| Leverage Ratio |
9.3%
-0.1pp YoY +0.2pp QoQ |
-2.0pp | 11.3% | 10.7% | 12.6% | 17% |
| Total Capital Ratio |
12.1%
+0.1pp YoY +0.1pp QoQ |
-4.6pp | 16.7% | 16.3% | 20.8% | 10% |
Efficiency & Staffing
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Full-Time Employees |
886
+17 (+2.0%) YoY +27 (+3.1%) QoQ |
+572 | 313 | 138 | 482 | 96% |
| Assets per Employee ($) |
$6.0M
-2.6% YoY -3.1% QoQ |
-$4.5M | $10.5M | $8.3M | $8.8M | 11% |
| Branch Count |
27
-1 (-3.6%) YoY +1 (+3.8%) QoQ |
+7 | 20 | 7 | 18 | 78% |
Asset Quality
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Past Due 90+ Days |
0.0%
0.0pp YoY |
-0.1pp | 0.2% | 0.5% | 0.4% | 33% |
| Nonaccrual |
0.3%
-0.9pp YoY -1.1pp QoQ |
-0.6pp | 0.8% | 0.7% | 1.0% | 27% |
| Allowance Coverage |
4.52x
+262.6% YoY +380.8% QoQ |
-14.19x | 18.71x | 73.79x | 20.23x | 76% |
| Net Charge-off Rate (YTD) |
0.5%
+0.3pp YoY -0.2pp QoQ |
+0.2pp | 0.3% | 0.1% | 0.2% | 91% |
Profitability
| Metric | Current | vs Tier | Tier Avg | State Avg (ND) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| ROE |
16.4%
+2.4pp YoY -0.4pp QoQ |
+3.8pp | 12.6% | 16.0% | 11.6% | 80% |
| Cost of Funds (YTD) |
1.8%
-0.4pp YoY 0.0pp QoQ |
-0.1pp | 1.9% | 1.7% | 1.7% | 43% |
| Net Income ($, YTD) |
$46.7M
+29.2% YoY — QoQ |
+$27.5M | $19.2M | $7.0M | $40.4M | 92% |
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Signature Analysis
Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.
Strengths (2)
Revenue Diversifier
growthTop-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.
Profitability Leader
growthTop-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.
Concerns (4)
Liquidity Strain
riskLoan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.
Capital Thin
riskTier 1 capital ratio in the bottom quartile of peers. Capital cushion thin relative to peers - regulator-watching cohort.
Deposit Outflow
declineDeposits down 0.5%+ YoY. Funding base eroding - rate competition or franchise weakness.
Capital Constraint
riskStrong balance sheet under pressure - deposits leaving while lending capacity maxed. Need funding solutions before hitting regulatory limits.
Metric Rankings
See how this bank ranks across all tracked metrics compared to peers.