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ALERUS FINANCIAL CORP

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

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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

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

Page
Part 1: · FINANCIAL INFORMATION
Item 1.Consolidated Financial Statements1
Consolidated Balance Sheets1
Consolidated Statements of Income2
Consolidated Statements of Comprehensive Income3
Consolidated Statements of Changes in Stockholders’ Equity4
Consolidated Statements of Cash Flows5
Notes to Consolidated Financial Statements7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36
Item 3.Quantitative and Qualitative Disclosures About Market Risk57
Item 4.Controls and Procedures58
Part 2:OTHER INFORMATION
Item 1.Legal Proceedings59
Item 1A.Risk Factors59
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds59
Item 3.Defaults Upon Senior Securities59
Item 4.Mine Safety Disclosures59
Item 5.Other Information59
Item 6.Exhibits60
Signatures61
ContentsView on SEC.gov

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