0001558370-24-002017.txt : 20240228 0001558370-24-002017.hdr.sgml : 20240228 20240228163019 ACCESSION NUMBER: 0001558370-24-002017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240228 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALERUS FINANCIAL CORP CENTRAL INDEX KEY: 0000903419 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 450375407 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39036 FILM NUMBER: 24695955 BUSINESS ADDRESS: STREET 1: 401 DEMERS AVE CITY: GRAND FORKS STATE: ND ZIP: 58201 BUSINESS PHONE: 7017953200 MAIL ADDRESS: STREET 1: PO BOX 6001 STREET 2: 401 DEMERS AVE CITY: GRAND FORKS STATE: ND ZIP: 58206-6001 FORMER COMPANY: FORMER CONFORMED NAME: FIRST NATIONAL CORP NORTH DAKOTA DATE OF NAME CHANGE: 19980312 8-K 1 alrs-20240228x8k.htm 8-K
0000903419false00009034192024-02-282024-02-28

​

United States

Securities And Exchange Commission
Washington, DC 20549

​

FORM 8-K

​

Current Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934

​

Date of report (Date of earliest event reported): February 28, 2024

Alerus Financial Corporation
(Exact Name of Registrant as Specified in Charter)

Delaware

001-39036

45-0375407

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

401 Demers Avenue
Grand Forks, North Dakota 58201
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (701) 795-3200

N/A
(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

​

​

Title of each class

​

Trading symbol

​

Name of each exchange on which registered

Common Stock, $1.00 par value per share

​

ALRS

​

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

Item 8.01.Other Events.

On February 28, 2024, Alerus Financial Corporation (the “Company”) announced that its Board of Directors (the “Board”) declared a cash dividend of $0.19 per share of its common stock. The dividend is payable on April 12, 2024, to stockholders of record on March 15, 2024.  A copy of the press release announcing the dividend is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

​

​

​

Exhibit No.

    

Description

​

​

​

99.1

​

Press Release of Alerus Financial Corporation dated February 28, 2024

104

​

Cover Page Interactive Data File (embedded within the Inline XBLR document)

​

​

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​

​

​

​

Date: February 28, 2024

Alerus Financial Corporation

​

​

​

​

​

By:

/s/ Katie A. Lorenson

​

Name:

Katie A. Lorenson

​

Title:

President and Chief Executive Officer

​

​

​

​

​

 EX-99.1 2 alrs-20240228xex99d1.htm EX-99.1

Exhibit 99.1

​

​

​

Graphic

Al Villalon, Investor Relations

952.417.3733

Al.Villalon@alerus.com

investors.alerus.com

​

​

FOR IMMEDIATE RELEASE

​

ALERUS FINANCIAL CORPORATION DECLARES

CASH DIVIDEND ON COMMON SHARES

​

MINNEAPOLIS (February 28, 2024) – Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share on February 27, 2024, a 5.56% increase over the dividend paid a year ago. The dividend is payable on April 12, 2024, to stockholders of record as of close of business on March 15, 2024. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com.

​

About Alerus Financial Corporation

Alerus Financial Corporation is a diversified financial services company with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to business and consumer clients through four distinct business segments—banking, retirement and benefit services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus has banking, mortgage, and wealth management offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix, Scottsdale, and Mesa Arizona. Alerus Retirement and Benefits plan administration hubs are in Minnesota, Michigan, and Colorado.

​

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of Alerus Financial Corporation. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to

differ materially from those indicated in the forward-looking statements include, among others, the risks described in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the

Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

​

​

# # #

 GRAPHIC 3 alrs-20240228xex99d1001.jpg GRAPHIC begin 644 alrs-20240228xex99d1001.jpg M_]C_X 02D9)1@ ! @ 0 ! #_VP!# ," @," @,# P,$ P,$!0@%!00$ M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_ MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04 M%!04%!04%!04%!04%!04%!04%!04%!3_P 1" !7 2 # 2( A$! Q$!_\0 M'P 04! 0$! 0$ $" P0%!@<("0H+_\0 M1 @$# P($ P4% M! 0 %] 0(# 01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$! M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $" M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#]4Z**0T 0 M:A=BPLI[EDDE6%&GW&MVNK:C=" MSA&H:4\$:RDX"NQ;Y3GCGO77_ME?&0?!+]GWQ/KL$PBU6>'[!IPSR;B7Y%(_ MW\T5P?PP^. MG@/XSK?-X*\3V7B);(JMP;/=^[+=,Y ZUWE0TT[,M--70445R'Q)^+7A'X0: M+%J_C+7K7P_ILLP@2YN]P5I""0O /8&A)MV0-I:LZ^BO!A^W;\ R,CXGZ(1Z MAI/_ (BG#]NGX#'_ )J;HOYR?_$5I[*I_*_N(]I#^9'N]%>$?\-T_ 7_ **; MHWYR?_$5Z5\-OBOX3^+^@R:UX-URU\0:5'<-:O=6F[8LJA2R<@<@,I_&IE"< M5>2:&IQD[)W.MHI,UY_\5/CYX ^"0TX^.?%%GX<_M$2&U%T')FV;=^T*IZ;U M_.H2;T13:6K/0:*^;KK_ (*)_L^VQVCQ_'<'M]GTR\D!^A$6*)?^"AGP/M@' MN?$FHVD1_P"6L^@7Z)^9AK7V-3^5F?M:?<^D:*\F^'W[5WPC^*=Y':>&/'^B MZC>2?L YJ'%QT:+4E+5,6BBN=\>?$#P]\,?#=QK_BC M5H-%T:W*B6\N<[$).!G )Y-3OH-NQT5%>##]NSX"$?\ )3]$/T,G_P 16WX+ M_:V^$/Q%\2VGA_PWX]TK6-9NR1!9VY?>Y R<94#I6CIS2NXLA5(/1,]>HI,\ M9KG/'_Q&\-_"WPW-K_BO5[?0]&A94DO+K.Q2QPH. 3S6:UT1IL=)17@P_;L^ M C#(^*&B$>H:0_\ LE==\-/VD?AI\8M6N=+\%^,=.\17]M%Y\T%F6+(F<;CE M1WXJW3G%7:9"G%NR9Z712$\5Y[\6_P!H#P!\"]/BN_&_B:ST,3 F&"0M)/-C M^Y$@+L/<#'O4I.3LBFTE=GH=%?,MK_P4.^$.-&US5=0@DN;:SL;D2R/&@R[$#[N >AP M?:K=.:W1*J1ELSTF@FN/GD\=.2T,/A^(#HCRSN3^(48_*LJ_^(.N^#](UW5? M&&BV>F:/I5C+?2:G97WG1LJ#)78RJP)'_P"NCV;:T:^\Q]O%-)IZ^3/CW]L2 MZE_:-_:X^&_P2L':32=*E74M:$9X!(WL&]UA4_C*..E=5_P5%^$,7B/X#Z=X MET^V5+CPG<(VV,8VVCXC=0/1?D/_ &N?_X)KZ%/\2?&7Q,^-NN%6U;7+Y[2 MU0L"T4;,))..H 'E(/\ <-?;/Q"\(6?C[P/KOAV_C$MIJ=G+:R*?1U(_K79* M;H5(17V?UW,8Q5:G*3^U_2/BS_@D[\6!K?P[\0> [N7=?(E^\! M[*X_\?K[W!K\>OV-/"_CWX$_M$M>'1+JXT^VDN=)O88SB2[0$J#&H/S?,JL# MTK]0-/\ $?Q#UQ!+#X6TS1(&Y4:I?L\N/=(U('YUIB\/)5'-6L]3EPN-IN'L MU=M::)L]%S03D5S&B3>+OMR)K%IH_P!D(),UE<2[P>PV,G/YUTH)X]:\R2Y7 M8]6$^=7LUZZ'B7[67@;P]J_P%\>7-[H>G7%RFF33+<26D9D5P,A@V,@^^:_/ M;_@EEX1T7Q7\:M;DUG2[75&L=)$MN+R%95C/_\ ML#S_ /H-?G?_ ,$D?^2S>*?^P,G_ *,KTJ$FL-4.&LE]8@?JMI^D6.EAQ9V= MO:!OO>1$J9^N *N4@I:\P](*I:CI=GJL7DWMI!>0YSY<\2R+GZ,"*NTA[4 ? MC[_P5$^'>@?#_P"-^ES^'],MM(75M'%WD6T\]Q-9!GE=HU+,Q[DDYKY"_P""NW_)9/"7 M_8 /_HZ2OT$_9]\5Z);? WP%%+K&GQR)HEHK(]U&"#Y2\$9KUJTYK#4VF>72 MC'V\TS,E_8K^!DD;(?A;X: 8$$K9!3^!!R#[BLK]D7X1-\";/XC>#8;.Z@T2 M#Q3+>Z1-<9;S;2:W@9 '_BV$,A/7Y>>:Z#XE?M!:3X3\=?#KPKI&I:7J6L>* M-9^QS6JS"62*U6"5WE 1OE.Y8U!;@[CP<<>P*.,^M>?*=3EM)Z,[E&#E>*V M&J.I:'8:Q&$O[&VO54$ 7,*R ]?O ^E:%(>E8;;&Q^(/[6'A72_!?[:/B/2 MM%LH=.TZ/5K.6.UMU"QQF2.%VVJ. "S$X' S7[(=(D26[-A$(H[N$L%)9%& ZY!# \8)J[_P3 _:/U[X MD:'K7@3Q-?2ZI>:%"EQ8WMRY>5K8G:8V8\MM)&"><'':O2_^"C?C_3?!_P"S M+XBT^YNHX]0UL)865N<%Y6+ M@>@4$D]J\$_X)*?"C4[,^*OB#>020:;=PKI MEBS@CSR'#R,OJ 0!GU)]*N/O81N?1Z"?NXE*'5:GZ057O+*WU&W,-S!'<0MU MCF0.I^H/%3TM>4>D?C]_P5&\*:3X7^.^G/I&G6NF?;-*669+2%8E=PQ&XA0 M3CO7Z1?LP_#[P_X0^"G@Q=)T>SLF?389I)8H%$DDC("S,V,DDGJ37YY?\%9? M^2Z:%_V!_P#V>OTO^ W_ "1CP5_V"+;_ -%BO4Q#?U>FCSJ*7MZAW?M5>_TV MVU2V:WO+>&ZMV^]%/&'0_4$$5:HKRST3\POV\O@GX1M/VHOA18Z=H]MI5IXF MFBAU*&PB6%)L3A2=J@ $KP2.M?HYX2\!^'O!&GPV>@:+I^D6\48C5+*V2+Y1 MV.T#/XU\/_MZ_P#)V/[/O_7XG_I0*_0!>E=E:3=*G=]'^9QTHI5)Z$%]<"TL MIYBN[RHV?;ZX&#7N;;PQ+ M?&]TS5[,$_V=*Q)-O-Q@#D@9^5U..N16F$Y9W\(^,6Q$DTC; M;"_?I^[<_P"K<_W'/7H3TK[/7##-<[53#R<7IX+>]?:C-AX7]J[_@H_ MJFO,1=^%/A_&5M.=R,T#%$(_WKAG?Z1CZU6&2YG4>T=?\A5VW%06[T/;M%_9 M3U3X/?#_ ,-R> M1FM/$&E6")?0QR?\ 'W-C=*RGIDL6^4\'CI530M=^*OQO MN9=#>^;3=/A;9?7"6_V<)ZJY');_ &1CWXKZXVC&*:D"1[MJJNXY.!C)]:Z8 M8^2C:<5)]&]T>/6R>$ZO-3J2C%_%%/1_Y>9\$?M=?&B]_8JT71O#O@'08UU[ M78'D?Q9J*K*4V$!D1,8+%?%;2+)>7=HJ7F,<7 M"?+)P, 989Q[UXI_P4P^$9^(7[/=SK=I;B34_#$PU%&4?,8<;9AGTVDG_@(K MQO\ X)*_%L267BGX=W=P-T3#5;!&;J#A90O_ (Z?SHFO;X?VN\D]3MI1CAJJ MHP5HVT1^CV!FEIJG-.KS#U#RW]J+_DWSQ_\ ]@>?_P!!K\[_ /@DE_R6;Q3_ M -@5/_1E?H?^U$0/V>_'^3_S")__ $&OSO\ ^"21 ^,WBDG_ * J?^C*]&C_ M +M4/.K?[Q3/UB'2@TWS%_O"N,^+7Q7T?X0>"[O7]7W)[5YRUT1Z#:6K.U!S0:R/"5[J>H^&].NM9M8;'5)H%DN+:!RZ1.1 MDJ&(!..F:UR<4F,_*/\ X*ZG'QE\(D=M )_\CR5[A\)/^":WP5\:?"_PIKVI M:?K3:AJ6F6]W<&/5I%4R/&&8A<<#)/%>&?\ !71U?XS>%%4Y8: 00.W[Z2OT M7_9SGCE^ OP^='5D;0K,A@>#^Z6O7JSG##4^1V/,IPC/$3YE<^5M1_82\*_L M_P#QU^#_ (Q\!MJGV(^(!9:A8W'YUY!KGQID7]IKPQ\,-+D@FWZ+>ZQK0*[G@4&-+9%/VWQI=T8?&7P[,HC8JME;,LS''1"\.T$]L\5\4?MJR*_[= M'B=35K4_#S1O':Z]^T5;K M^T[_ ,)!X@ALYS9WL%UW(.03W_:OP7;Z':>%]*B\-1V M<7A];9/L*V 40>3C*[-O&,5\V_MK_L6:;^T5H+Z[H4<.G>/K"+%O.:&5)H9%#I)&P96 M4C(((Z@CO4I->4>F?DM_P5F4K\<=!8@A3H_!]?GK]*_@%(LOP6\$LIRITBVP M?^V8KXM_X*T_":_U?0_#'CZR@>:UTS?87^Q<^6CG*.?;/%>F_P#!.3]HW2OB M1\(M/\%WM]%%XK\/1?9S:2, ]Q;C[DJ _>P.#CI7IU5[3#0DNAYU-\F(FGU/ ML2BFALCKS4%]J-MIEI-=7<\=M:P(9)9YG")&HY)9CP /4UYAZ)\#_MYG/[6G M[/RC[WVQ#C_MX%??Z]*_-73_ !&/VR_^"@&DZIH:O=^"?!*AUO #L<1YVN#_ M +E.:V;%/2J6L:-8Z_IMSI^IV<&H6%S& M8I[6ZC$D4J'JK*001[&LSXB:W?>&? /B/6--CAEU#3].N+NWCN%+1O)'&SJK M $'!*XX-?MX:=IG@^+=K6ISZ4]W#;+C;?O(,M@=R@B7M[9>!OB3H?@SP["J@CUKYR^#7_!/KXQ? 'Q!*= < M@.CNU=5KD>H3:1>II4\%MJ;0L+::ZC,D22 M8^4LH() /4 BK]%8-W=S9*RL?)?Q0^!'[1WQ8\*:AX;U/XL>$-/TG4(6M[N' M3/#DL;31M]Y=[RL0#TX(KP_X?_\ !,'XF_"WQ78^)/"_Q:TK2=9LVW0W$6ER MG@C!5E+D,I'!!X-?I'FEKICB:D$XQM;T1SRP\)-2>_J<'\(M'^(.BZ'/!\0_ M$6C^)-3\P>3=:/IS62^7CHZEV!;/<8'M7=GH<4M)FN9N[N="5E8^5_C?\!OC MW\7M/UW0(_BIX7S,GW(QFO"?A]_P3/^+'PHUIM7 M\'_&:R\.ZB\9A>XLM.E!=/[K!F((^HK]'LTM=$<1.$>6-K>B,)4(2ES/?U/B MD_LO_M2_]'+G_P %2_\ Q-7/AM^Q-X]_X7'H?C?XM?%)_B/%H@:6QL)8'1(Y M\85]I;8,=K:?9?&'P[\4]=-BOPX\7:%X M755<79U?26OFD)QM*8=0N.>N#_P!BS]HOP!X>M-"\/_M$C3-( MM%V6]FFGLZ1+_=7?N('H,X':OO"BNIXJHTHNUO1'/]7IIWZ^K/B=_P!ES]J2 M1&4_M,-AA@[=+ /Y@9'X5N_LF_L7>*?@+\7/$7COQ7XYA\9ZAJ^FM9O,T,OG MEVECK:;!X MV^)>@^+O#EM"8I(H]$:"]DPF$/G;\$@X))!)]:]ZI:WGB)U%:5ON,(4(4W>( MT#(KY;_;$_8?T3]I+3SK.E20Z%X[MH]L.H,G[J[4=(IP.2/1ARON.*^IIK.$:BY9+0_)OX4_M)?&;]A345\'?$KPIJ.J^$(GVPQW!)\A<_> MM+GE&3OL8X_W:^ZO@?\ MB^$_P!H+4(+3PEH7BB92A>YN[O2C#:VG'1YRVQB M>@"%C7NL]I#=1E)HTE3^ZZAA^1H@MHK:/9#&D2#HJ*%'Y"MJM:%75QLS&G3E M3TYKHIZ[H&G>*=&O-*U:RAU'3;R)H;BUN$#I(A&"I!KX$^)O_!*R6T\2_P!O M_"'QL_A:Y23S8+'43*!;-_TRN8OG4#L"I^M?H8*.*SIUITO@9=2E"I\2/S[T MOP)^W;X3A.GVOC#P[K5O&<)=:A-;SN1_O/"&Q]>:EU3]C/\ :+^/1C@^+OQB MMK+P_(P>;2-#0NI_V?+5(X_Q8N!Z5]_\4=*U^L26J23]"/81>C;:]3S;X&_ M#P?^SUX270?"5@;>-B'N;R=M]Q=28QOD?N?0# '85Z32TEH7-P7=V! K[QHK2%24$TMF1.G&;3?0^1=:O/VR]>C.CV MFG_#3PZ7S&^OV]Q/,5_Z:)$^[;]"K=:O?LR?L+Z?\&?%=SX^\8:[)X[^(UVS MR/J=PA$5L[Y\QXPQ+-(V<&1N<9 "@FOJO'/K2T_:RY7%:7)]E&Z;UL%%%%8F MPC=*YGQA\0='\#-9+JDEP)+QF2".VMGG=R!DC" GI73-TKR+XPC4O^$[\ _V M0;8:A]KG\K[9N\K/E'[VWG\JVHP4Y\LMCCQ=6=&DYPWT\]W8[&P^)>C:AH>I M:NGVV"RT]=\[75E+"P&,Y"NH+=.U:)\7Z4L6D2272Q)JV/L9D&WS"5W >Q([ M&N2\;C7A\(_%'_"0-I[7GV27;_9HD$>S;QG?SGK7*>,-"M_$OAKX7:;=%UBN M#$I>-MK(?LYPP([@\UO&C"3OLK^O0X:F*K4E9*[LGKIN[>9Z_?>(K+3=5T_3 MYY66ZOV98%"DABHR>>W%.U77['1#:B]N4M_M4RP1;_XG/05XU8:GKEM\3?"7 MA_Q$C37UA).8-25?DO8?+(#^SCHP_&J?Q?UBT\3^+KK3I'O5CT6U+V[VEE-. M/MKO6/AVP:]U"<6UJK M!6E8<*2<#/XU%KGBC3_#VGQ7U[-LM99$B1T4OEG.%Z>OK7EGC#Q+%X[^ HOW M&YIA#%'[B^MI-.O6RS6YW@F"0 M^G]T_A1##)JS>MVK>@ZN82@VXJ\;)W\V>W>*O'.C>"[2*?5KSR/.;9#$B-)+ M*WHB*"6/T%4_"GQ-T+QC=S6EC/-%?Q+O>RO+=X)@O][:X!(]Q7(ZC-;Z=\>+ M2;6)$C@GTP1Z9),<*)-W[Q03QN/'O7>KK.B2>(UL107$8P9A%GUZ@9 MK*5.,8K1MM7N=$*]2I-^\DD[6Z_G]VA8\.^);#Q/:2W-A*TL,2 M8_O'S#M7\3@?C7%_#7Q'!X:\::/G2M?->7:5*D7Q_U\NRJ#H]M]XX_B:O3E=9$RI# ]"#FN:I!0:MU2/0H5754 MK]&U]S.:\6?$G0O!MS!:W]S(]_,I>*QM('GG=1U;8@) ]S@58\)>/-&\;6]Q M+I5T9FMW$=Q!+&T4T#>CHP!6N(\$7%II_P 7/',.IND.L7,L,MHTS &2T$8" MB//8-G('>M[Q7J-GK/A[QG8>&[FVF\21V+K*MJ095D:-A&&([\<9Z5M*E%6C M;MKTU.2&(J2YJC:LK^[UT^>_R(+[XZ>$K*\GA^V7-S#;N8Y[VULI9K:%AU#2 MJI7COC.*Z/5?&VCZ-X8;Q#/>*^D"-91

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end EX-101.SCH 4 alrs-20240228.xsd EX-101.SCH 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 5 alrs-20240228_lab.xml EX-101.LAB EX-101.PRE 6 alrs-20240228_pre.xml EX-101.PRE XML 7 R1.htm IDEA: XBRL DOCUMENT v3.24.0.1
Document and Entity Information
Feb. 28, 2024
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date Feb. 28, 2024
Entity File Number 001-39036
Entity Registrant Name Alerus Financial Corporation
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 45-0375407
Entity Address, Address Line One 401 Demers Avenue
Entity Address, City or Town Grand Forks
Entity Address, State or Province ND
Entity Address, Postal Zip Code 58201
City Area Code 701
Local Phone Number 795-3200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1.00 par value per share
Trading Symbol ALRS
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Entity Ex Transition Period false
Entity Central Index Key 0000903419
Amendment Flag false

EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.24.0.1 html 1 23 1 false 0 0 false 0 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://alerus.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports alrs-20240228.xsd alrs-20240228_lab.xml alrs-20240228_pre.xml alrs-20240228x8k.htm http://xbrl.sec.gov/dei/2023 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "alrs-20240228x8k.htm": { "nsprefix": "alrs", "nsuri": "http://alerus.com/20240228", "dts": { "schema": { "local": [ "alrs-20240228.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "labelLink": { "local": [ "alrs-20240228_lab.xml" ] }, "presentationLink": { "local": [ "alrs-20240228_pre.xml" ] }, "inline": { "local": [ "alrs-20240228x8k.htm" ] } }, "keyStandard": 23, "keyCustom": 0, "axisStandard": 0, "axisCustom": 0, "memberStandard": 0, "memberCustom": 0, "hidden": { "total": 2, "http://xbrl.sec.gov/dei/2023": 2 }, "contextCount": 1, "entityCount": 1, "segmentCount": 0, "elementCount": 24, "unitCount": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 23 }, "report": { "R1": { "role": "http://alerus.com/role/DocumentDocumentAndEntityInformation", "longName": "00090 - Document - Document and Entity Information", "shortName": "Document and Entity Information", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "Duration_2_28_2024_To_2_28_2024_3CMVplaS2kqtWf7vYObSnA", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "p", "div", "div", "body", "html" ], "reportCount": 1, "baseRef": "alrs-20240228x8k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "Duration_2_28_2024_To_2_28_2024_3CMVplaS2kqtWf7vYObSnA", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "p", "div", "div", "body", "html" ], "reportCount": 1, "baseRef": "alrs-20240228x8k.htm", "first": true, "unique": true } } }, "tag": { "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Document and Entity Information [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r1" ] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r1" ] }, "dei_EntityExTransitionPeriod": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityExTransitionPeriod", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Ex Transition Period", "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards." } } }, "auth_ref": [ "r7" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r1" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r1" ] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r3" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r4" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r0" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r2" ] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r5" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://alerus.com/role/DocumentDocumentAndEntityInformation" ], "lang": { "en-us": { "role": { "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r6" ] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" }, "r7": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "7A", "Section": "B", "Subsection": "2" } } } ZIP 16 0001558370-24-002017-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-24-002017-xbrl.zip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alrs-20240228x8k_htm.xml IDEA: XBRL DOCUMENT 0000903419 2024-02-28 2024-02-28 0000903419 false 8-K 2024-02-28 Alerus Financial Corporation DE 001-39036 45-0375407 401 Demers Avenue Grand Forks ND 58201 701 795-3200 false false false false Common Stock, $1.00 par value per share ALRS NASDAQ true false