ALERUS FINANCIAL CORP

For the period ended Mar 31, 2025. Filed May 6, 2025.

About 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.

Mar 31, 2025 · Filed May 6, 2025

ALRS$34.45+1.9%Stored close · as of Nov 9, 2026

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Contents

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 December 31, 2023	19,734	$150,343	$272,705	$(73,655)	$369,127
Net income	—	—	6,432	—	6,432
Other comprehensive income (loss)	—	—	—	(601)	(601)
Common stock repurchased	(7)	(146)	—	—	(153)
Common stock dividends	—	—	(3,763)	—	(3,763)
Share‑based compensation expense	—	593	—	—	593
Vesting of restricted stock	50	(50)	—	—	—
Balance as of March 31, 2024	19,777	$150,740	$275,374	$(74,256)	$371,635
Balance as of December 31, 2024	25,345	$269,708	$273,723	$(73,366)	$495,410
Net income	—	—	13,315	—	13,315
Other comprehensive income (loss)	—	—	—	10,112	10,112
Common stock repurchased	(6)	(121)	—	—	(127)
Common stock dividends	—	—	(5,077)	—	(5,077)
Share‑based compensation expense	—	599	—	—	599
Vesting of restricted stock	27	(27)	—	—	—
Balance as of March 31, 2025	25,366	$270,159	$281,961	$(63,254)	$514,232

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.