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Jun 30, 2020
Alerus Q2 2020 Earnings Report
Alerus Financial Corporation reported record net income and mortgage originations
Key Takeaways
Alerus Financial Corporation reported a record quarterly net income of $11.5 million for the second quarter of 2020, driven by a diversified business model and record mortgage originations.
Record quarterly net income of $11.5 million was reported.
Record quarterly mortgage originations of $431.6 million were achieved.
Deposits increased by over $481.8 million in the first half of 2020.
1,580 Paycheck Protection Program loans totaling approximately $362.7 million were funded.
Alerus
Alerus
Alerus Revenue by Segment
Revenue by Segment
Retirement Services Revenue
CapyFin.comWealth Management Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.com Forward Guidance
Alerus Financial Corporation remains committed to operating from a position of strength, to support clients and communities.