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Alerus Financial Corporation ALRS Banking — Provision For Loan Lease And Other Losses
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Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.
The source filing: Alerus Financial Corporation’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:32 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001437749-26-014481
| (dollars in thousands) | Banking | Retirement and / Benefit Services | Wealth Advisory / Services | Corporate / Administration | Consolidated |
|---|---|---|---|---|---|
| Net interest income (loss) | $45,545 | — | — | $(633) | $44,912 |
| Provision for credit losses | (4,883) | — | — | — | (4,883) |
| Noninterest income (loss) | 6,348 | 17,406 | 7,237 | (144) | 30,847 |
| Noninterest expense | |||||
| Compensation | 11,711 | 7,716 | 3,031 | 1,629 | 24,087 |
| Employee taxes and benefits | 3,127 | 2,138 | 746 | 629 | 6,640 |
| Business services, software and technology expense | 2,737 | 1,867 | 1,097 | 138 | 5,839 |
| Merger and acquisition expense | — | — | — | (34) | (34) |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's banking — provision for loan lease and other losses?
- Alerus Financial Corporation (ALRS) reported banking — provision for loan lease and other losses of -$4.88M in Q1 2026.
- How has Alerus Financial Corporation's banking — provision for loan lease and other losses changed year-over-year?
- Alerus Financial Corporation's banking — provision for loan lease and other losses decreased by 665.8% year-over-year, from $863K to -$4.88M.
- What is the long-term trend for Alerus Financial Corporation's banking — provision for loan lease and other losses?
- Over 3 years (2021 to 2024), Alerus Financial Corporation's banking — provision for loan lease and other losses has grown at a 73.1% compound annual growth rate (CAGR), from -$3.5M to $18.14M.
- What does banking — provision for loan lease and other losses mean?
- An expense set aside to cover expected credit losses on the loan portfolio based on current economic conditions and historical default rates. This metric acts as a buffer against potential loan defaults and reflects management's assessment of credit risk within the banking segment. A significant increase may indicate deteriorating asset quality or a more conservative outlook on the economic environment.
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