Alerus Financial Q2 net income rises 3.0% to $20.9M; liquidity tightens as funding shifts to FHLB

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Net income rose 3.0% to $20.9M, or $0.81 per diluted share, up 3.8% from a year ago.

  MD&A: Net income verify on EDGAR →
• high

  On-balance-sheet liquidity fell to $400.7M from $568.8M at year-end 2025, a 30% decline.

  MD&A: Liquidity verify on EDGAR →
• medium

  The company eliminated fed funds purchased and increased FHLB short-term advances to $345M, shifting funding mix.

  MD&A: Borrowings verify on EDGAR →