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$34.78+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income (Unaudited)
| Three months ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (dollars in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net Income | $5,207 | $9,161 | $17,846 | $26,451 |
| Other Comprehensive Income (Loss), Net of Tax | ||||
| Net change in unrealized gains (losses) on debt securities | 19,431 | (19,155) | 14,692 | (24,033) |
| Net change in unrealized gain (losses) on cash flow hedging derivatives | (869) | 1,011 | (160) | 1,011 |
| Net change in unrealized gain (losses) on other derivatives | (3,068) | 1,133 | (872) | 3,206 |
| Total other comprehensive income (loss), before tax | 15,494 | (17,011) | 13,660 | (19,816) |
| Income tax expense (benefit) related to items of other comprehensive income (loss) | 3,889 | (4,270) | 3,429 | (4,974) |
| Other comprehensive income (loss), net of tax | 11,605 | (12,741) | 10,231 | (14,842) |
| Total comprehensive income (loss) | $16,812 | $(3,580) | $28,077 | $11,609 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.