ALERUS FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
ALRS$34.45+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
Consolidated Statements of Changes in Stockholders’** Equity (Unaudited)**
| Three months ended | |||||
|---|---|---|---|---|---|
| Accumulated | |||||
| Additional · Other | |||||
| Common · Paid-in · Retained · Comprehensive | |||||
| (dollars and shares in thousands) | Stock | Capital | Earnings | Income (Loss) | Total |
| Balance as of June 30, 2023 | 19,915 | $152,673 | $285,839 | $(100,742) | $357,685 |
| Net income | — | — | 9,161 | — | 9,161 |
| Other comprehensive income (loss) | — | — | — | (12,741) | (12,741) |
| Common stock repurchased | (70) | (1,172) | — | — | (1,242) |
| Common stock dividends | — | — | (3,838) | — | (3,838) |
| Share‑based compensation expense | — | 377 | — | — | 377 |
| Vesting of restricted stock | 3 | (3) | — | — | — |
| Balance as of September 30, 2023 | 19,848 | $151,875 | $291,162 | $(113,483) | $349,402 |
| Balance as of June 30, 2024 | 19,778 | $150,857 | $277,620 | $(75,029) | $373,226 |
| Net income | — | — | 5,207 | — | 5,207 |
| Other comprehensive income (loss) | — | — | — | 11,605 | 11,605 |
| Common stock repurchased | — | (76) | — | — | (76) |
| Common stock dividends | — | — | (3,964) | — | (3,964) |
| Share‑based compensation expense | — | 488 | — | — | 488 |
| Vesting of restricted stock | 12 | (12) | — | — | — |
| Balance as of September 30, 2024 | 19,790 | $151,257 | $278,863 | $(63,424) | $386,486 |
| Nine Months Ended | |||||
|---|---|---|---|---|---|
| Accumulated | |||||
| Additional · Other | |||||
| Common · Paid-in · Retained · Comprehensive | |||||
| (dollars and shares in thousands) | Stock | Capital | Earnings | Income (Loss) | Total |
| Balance as of December 31, 2022 | 19,992 | $155,095 | $280,426 | $(98,641) | $356,872 |
| Cumulative effect of change in accounting principles, net of tax | — | — | (4,452) | — | (4,452) |
| Balance as of January 1, 2023 | 19,992 | 155,095 | 275,974 | (98,641) | 352,420 |
| Net income | — | — | 26,451 | — | 26,451 |
| Other comprehensive income (loss) | — | — | — | (14,842) | (14,842) |
| Common stock repurchased | (257) | (4,299) | — | — | (4,556) |
| Common stock dividends | — | — | (11,263) | — | (11,263) |
| Share‑based compensation expense | 18 | 1,174 | — | — | 1,192 |
| Vesting of restricted stock | 95 | (95) | — | — | — |
| Balance as of September 30, 2023 | 19,848 | $151,875 | $291,162 | $(113,483) | $349,402 |
| Balance as of December 31, 2023 | 19,734 | $150,343 | $272,705 | $(73,655) | $369,127 |
| Net income | — | — | 17,846 | — | 17,846 |
| Other comprehensive income (loss) | — | — | — | 10,231 | 10,231 |
| Common stock repurchased | (7) | (225) | — | — | (232) |
| Common stock dividends | — | — | (11,688) | — | (11,688) |
| Share‑based compensation expense | — | 1,202 | — | — | 1,202 |
| Vesting of restricted stock | 63 | (63) | — | — | — |
| Balance as of September 30, 2024 | 19,790 | $151,257 | $278,863 | $(63,424) | $386,486 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.