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Alerus Financial Corporation ALRS Loans held for sale
Loans held for sale at other companies
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Where this comes from
Reported directly by Alerus Financial Corporation in its filing.
Tagged under the XBRL concept us-gaap:LoansReceivableHeldForSaleNetNotPartOfDisposalGroup.
The source filing: Alerus Financial Corporation’s 10-Q, filed May 6, 2025.
- Filed
- May 6, 2025
- Fiscal quarter
- Q1 FY2025
- Calendar quarter
- Q1 2025
- Accession
- 0001437749-25-014641
| (dollars in thousands, except share and per share data) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Trading | 3,047 | 3,309 |
| Available-for-sale, at fair value (amortized cost of $652,004 and $686,556, respectively) | 567,728 | 588,053 |
| Held-to-maturity, at amortized cost (fair value of $234,575 and $236,986, respectively, with an allowance for credit losses on investments of $129 and $131, respectively) | 268,631 | 275,585 |
| Loans held for sale | 12,905 | 16,518 |
| Loans | 4,085,483 | 3,992,534 |
| Allowance for credit losses on loans | (61,929) | (59,929) |
| Net loans | 4,023,554 | 3,932,605 |
| Land, premises and equipment, net | 40,733 | 39,780 |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's loans held for sale?
- Alerus Financial Corporation (ALRS) reported loans held for sale of $12.91M in Q1 2025.
- How has Alerus Financial Corporation's loans held for sale changed year-over-year?
- Alerus Financial Corporation's loans held for sale increased by 21.5% year-over-year, from $10.63M to $12.91M.
- What is the long-term trend for Alerus Financial Corporation's loans held for sale?
- Over 4 years (2020 to 2024), Alerus Financial Corporation's loans held for sale has grown at a -39.4% compound annual growth rate (CAGR), from $122.44M to $16.52M.
- What does loans held for sale mean?
- Originated mortgage loans intended for sale into the secondary market, carried at fair value or lower of cost/market.
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