Alerus Financial Corporation
Income Statement
| Line Item | FY2017 |
|---|---|
| Revenue | $170.7M |
| Net Interest Income | $67.7M |
| Retirement and Benefit Services | $62.4M |
| Wealth Management | $14.0M |
| Mortgage Banking | $19.7M |
| Service Charges on Deposit Accounts | $1.9M |
| Net Gains (Losses) on Investment Securities | $-13.0K |
| Interchange Fees | $2.0M |
| Bank-Owned Life Insurance Income | $820.0K |
| Miscellaneous Transaction Fees | $1.1M |
| Gain (Loss) on Sale of Premises and Equipment | $0 |
| Client Swap Fees | $0 |
| Gain on Sale of Non-Mortgage Loans | $0 |
| Other Noninterest Income | $1.2M |
| Cost of Revenue | — |
| Gross Profit | — |
| Gross Margin | — |
| Operating Expenses | |
| Research & Development | — |
| SG&A Expense | — |
| Operating Income | $40.5M |
| Operating Margin | 23.7% |
| Interest Expense | $8.0M |
| Pretax Income | $32.5M |
| Income Tax Expense | $17.5M |
| Net Income | $15.0M |
| Net Margin | 8.8% |
| EPS (Basic) | $1.10 |
| EPS (Diluted) | $1.07 |
| Shares Outstanding (Basic) | 13.7M |
| Shares Outstanding (Diluted) | 14.0M |
| Dividends Per Share | $0.48 |