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Alerus Financial Corporation ALRS Provision for Credit Losses
Provision for Credit Losses 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: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 and shares in thousands, except per share data) | Three months ended / March 31, 2026 | Three months ended / March 31, 2025 |
|---|---|---|
| Long-term debt | 634 | 650 |
| Total interest expense | 22,065 | 27,024 |
| Net interest income | 44,912 | 41,157 |
| Provision for (recovery of) credit losses | (4,883) | 863 |
| Net interest income after provision for (recovery of) credit losses | 49,795 | 40,294 |
| Noninterest Income | ||
| Retirement and benefit services | 17,406 | 16,106 |
| Wealth advisory services | 7,237 | 6,905 |
Item 1 - Consolidated Financial Statements
FAQ
- What is Alerus Financial Corporation's provision for credit losses?
- Alerus Financial Corporation (ALRS) reported provision for credit losses of -$4.88M in Q1 2026.
- How has Alerus Financial Corporation's provision for credit losses changed year-over-year?
- Alerus Financial Corporation's provision for credit losses decreased by 665.8% year-over-year, from $863K to -$4.88M.
- What is the long-term trend for Alerus Financial Corporation's provision for credit losses?
- Over 3 years (2021 to 2024), Alerus Financial Corporation's provision for credit losses has grown at a 51.2% compound annual growth rate (CAGR), from -$5.25M to $18.14M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.
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