Alerus Financial Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $67.2M | $61.2M | $129.9M | $58.2M | $242.3M | $173.0M | $144.0M | $40.7M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $43.3M | $39.8M | $17.9M | — | — | $20.3M | $20.6M | $21.7M |
| Goodwill | $85.6M | $85.6M | $46.8M | $47.1M | $31.5M | $30.2M | $27.3M | $27.3M |
| Intangible Assets (Excl. Goodwill) | $33.4M | $43.9M | $17.2M | $22.5M | $20.3M | $25.9M | $18.4M | $22.5M |
| Total Assets | $5.23B | $5.26B | $3.91B | $3.78B | $3.39B | $3.01B | $2.36B | $2.18B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $59.2M | $59.1M | $59.0M | $58.8M | $58.9M | $58.7M | $58.8M | $58.8M |
| Total Liabilities | $4.67B | $4.77B | $3.54B | $3.42B | $3.03B | $2.68B | $2.07B | $1.98B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $270.1M | $273.7M | $272.7M | $280.4M | $253.6M | $212.2M | $178.1M | $159.0M |
| Total Stockholders' Equity | $564.9M | $495.4M | $369.1M | $356.9M | $359.4M | $330.2M | $285.7M | $162.5M |