Bank
Alerus Financial
Alerus Financial is a commercial wealth bank headquartered in Grand Forks, North Dakota, providing a comprehensive suite of banking, wealth management, and retirement services to individuals and businesses.
Key Statistics
As of December 2025, public records show Alerus Financial has originated approximately $1.0B in loan volume over the past 12 months, with an average loan size of $366k.
Volume (12mo)
$1.0B
Avg Loan Size
$366k
Total Mortgages
50,192
Total Borrowers
1,152
Lending Entities
Alerus Financial funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
48,935 mortgages recorded
1,255 mortgages recorded
+24 more not shown
Geography
Alerus Financial's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 1,344
Volume (12mo): $563.0M
Total Volume: $12.8B
Mortgages (12mo): 255
Volume (12mo): $88.2M
Total Volume: $3.0B
Mortgages (12mo): 176
Volume (12mo): $265.3M
Total Volume: $1.6B
Top Borrowers
The following individuals have the most recorded mortgage transactions with Alerus Financial. Click on a borrower to view their full investor profile.
+1,149 more not shown
FAQ
What type of lender is Alerus Financial?
Alerus Financial is classified as an bank based on our research. Banks are FDIC-insured depository institutions offering a range of mortgage products. They have a mix of business (5%) and personal loans in their portfolio.
What entities does Alerus Financial fund loans under?
Alerus Financial originates mortgages through 26 different lending entities. The most common include Alerus Financial Na and Alerus Financial. These are the legal entity names that appear on recorded mortgage documents.
Where is Alerus Financial most active?
Based on recorded mortgages, Alerus Financial is most active in Minnesota, North Dakota, and Arizona.
How many loans has Alerus Financial originated?
Public records show 50,192 mortgages recorded for Alerus Financial, with $1.0B in volume over the past 12 months.
What is the average loan size for Alerus Financial?
The average mortgage size for Alerus Financial is $366k based on all recorded mortgages.
Does Alerus Financial offer short-term loans?
Alerus Financial primarily offers long-term financing, with only 4% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.