{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-03T19:44:43.214953+00:00","company":{"ticker":"ALRS","cik":903419,"company_name":"ALERUS FINANCIAL CORP"},"pagination":{"limit":100,"returned":9,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"earnings_release","fact_key":"b3875ed277bd9f498a1f12aeea6091f1c10e11d7","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2026-04-29T23:59:59+00:00","payload":{"eps_text":"$0.89 per diluted common share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$23.0 million","period_text":"the first quarter of 2026","report_date":"2026-04-29","result_type":"reported_results","revenue_text":null},"claim":"ALERUS FINANCIAL CORP reported the first quarter of 2026 results: net income $23.0 million, EPS $0.89 per diluted common share.","evidence_excerpt":"Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $23.0 million for the first quarter of 2026, or $0.89 per diluted common share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-013893","anchor_url":"https://secwatch.observer/filing/0001437749-26-013893#claim-b3875ed277bd9f498a1f12aeea6091f1c10e11d7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000143774926013893/0001437749-26-013893-index.htm"},{"fact_type":"debt_financing","fact_key":"f7c0de3b071b43ba1b27a89b4df1d4aea40e487a","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2026-03-31T23:59:59+00:00","payload":{"counterparty":"Bank of North Dakota","effective_date":"2026-03-30","event":"amendment","instrument_type":"other","interest_rate_text":"annual fixed interest rate of 6.75% until March 30, 2031","item_codes_triggered":["2.03"],"maturity_text":"March 30, 2036","principal_text":"$50.0 million"},"claim":"ALERUS FINANCIAL CORP amended debt of $50.0 million with Bank of North Dakota at annual fixed interest rate of 6.75% until March 30, 2031 maturing March 30, 2036.","evidence_excerpt":"entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with the Bank of North Dakota (the “Purchaser”), pursuant to which the Company sold and issued a $50.0 million Subordinated Note due 2031 (the “Note”). The Note was issued by the Company to the Purchaser at a price equal to 100% of its face amount. The Company used the net proceeds it","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-26-010637","anchor_url":"https://secwatch.observer/filing/0001437749-26-010637#claim-f7c0de3b071b43ba1b27a89b4df1d4aea40e487a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000143774926010637/0001437749-26-010637-index.htm"},{"fact_type":"material_agreement","fact_key":"8ca97ac2432ef49a89c6f97f22c3aabe0bf6d3cf","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2026-03-31T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Modification Agreement","agreement_type":"notes_offering","counterparty":"Bank of North Dakota","effective_date":"2026-03-30","item_codes_triggered":["1.01"],"value_text":null},"claim":"ALERUS FINANCIAL CORP amended Modification Agreement with Bank of North Dakota (effective 2026-03-30).","evidence_excerpt":"On March 30, 2026, the Company and the Purchaser entered into a Modification Agreement (the “Modification Agreement”), amending certain terms of the Purchase Agreement and the Note.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-26-010637","anchor_url":"https://secwatch.observer/filing/0001437749-26-010637#claim-8ca97ac2432ef49a89c6f97f22c3aabe0bf6d3cf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000143774926010637/0001437749-26-010637-index.htm"},{"fact_type":"executive_change","fact_key":"8ce5e0dcb8","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-10-09T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-10-09","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Jeffrey Bolton was appointed as Director at ALERUS FINANCIAL CORP.","evidence_excerpt":"appointed one former HMNF director, Jeffrey Bolton, to the Board","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001437749-24-030957","anchor_url":"https://secwatch.observer/filing/0001437749-24-030957#claim-8ce5e0dcb8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000143774924030957/0001437749-24-030957-index.htm"},{"fact_type":"material_agreement","fact_key":"50fb096db0fbff0c03222f2bed3066c17097fb20","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-05-15T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Agreement and Plan of Merger","agreement_type":"merger","counterparty":"HMN Financial, Inc.","effective_date":"2024-05-14","item_codes_triggered":["1.01"],"value_text":"approximately $116.4 million"},"claim":"ALERUS FINANCIAL CORP entered into Agreement and Plan of Merger with HMN Financial, Inc. valued at approximately $116.4 million (effective 2024-05-14).","evidence_excerpt":"On May 14, 2024, Alerus Financial Corporation, a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with HMN Financial, Inc., a Delaware corporation (“HMNF”), pursuant to which HMNF will merge into the Company, with the Company as the surviving corporation (the “Merger”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-24-061633","anchor_url":"https://secwatch.observer/filing/0001104659-24-061633#claim-50fb096db0fbff0c03222f2bed3066c17097fb20","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000110465924061633/0001104659-24-061633-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4ac487bbbe1c88fe57ca3d73e43b3d5542e7b20f","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-05-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-07","outcome":"passed","proposal_text":"Ratification of RSM US LLP as independent registered public accounting firm","proposal_type":"auditor_ratification","votes_abstain_text":"233,056","votes_against_text":"81,371","votes_for_text":"15,340,596"},"claim":"ALERUS FINANCIAL CORP shareholders approved Ratification of RSM US LLP as independent registered public accounting firm at the 2024-05-07 meeting.","evidence_excerpt":"Votes For Votes Against Abstentions Broker Non-Votes ​ 15,340,596 81,371 233,056 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001558370-24-007364","anchor_url":"https://secwatch.observer/filing/0001558370-24-007364#claim-4ac487bbbe1c88fe57ca3d73e43b3d5542e7b20f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837024007364/0001558370-24-007364-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3e19ccc5dfa59178e12f6fdbca62d1d213b7e1c5","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-05-08T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-07","outcome":"passed","proposal_text":"Election of eight director nominees","proposal_type":"director_election","votes_abstain_text":null,"votes_against_text":"522,393","votes_for_text":"10,756,289"},"claim":"ALERUS FINANCIAL CORP shareholders approved Election of eight director nominees at the 2024-05-07 meeting.","evidence_excerpt":"Coughlin 10,756,289 522,393 4,376,341 ​ Randy L. Newman 10,090,081 1,188,601 4,376,341 ​ Galen G.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001558370-24-007364","anchor_url":"https://secwatch.observer/filing/0001558370-24-007364#claim-3e19ccc5dfa59178e12f6fdbca62d1d213b7e1c5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837024007364/0001558370-24-007364-index.htm"},{"fact_type":"executive_change","fact_key":"9c4725b64d","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-04-29T23:59:59+00:00","payload":{"action":"notified of his intention to retire","action_category":"departure","departure_tone":"retirement","effective_date":"2024-12-31","interim":false,"role":"Executive Vice President and Chief Technology Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Jon Hendry departed as Executive Vice President and Chief Technology Officer at ALERUS FINANCIAL CORP.","evidence_excerpt":"On April 25, 2024, Jon Hendry, the Executive Vice President and Chief Technology Officer for Alerus Financial Corporation (the “Company”), notified the Company of his intention to retire from his position on December 31, 2024.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001104659-24-053999","anchor_url":"https://secwatch.observer/filing/0001104659-24-053999#claim-9c4725b64d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000110465924053999/0001104659-24-053999-index.htm"},{"fact_type":"earnings_release","fact_key":"ca808fe965fc8c868c479c045785de1bd5dcae26","cik":903419,"ticker":"ALRS","company_name":"ALERUS FINANCIAL CORP","filed_at":"2024-04-24T23:59:59+00:00","payload":{"eps_text":"$0.32 per diluted common share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$6.4 million","period_text":"the three months ended March 31, 2024","report_date":"2024-04-24","result_type":"reported_results","revenue_text":null},"claim":"ALERUS FINANCIAL CORP reported the three months ended March 31, 2024 results: net income $6.4 million, EPS $0.32 per diluted common share.","evidence_excerpt":"Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001558370-24-005611","anchor_url":"https://secwatch.observer/filing/0001558370-24-005611#claim-ca808fe965fc8c868c479c045785de1bd5dcae26","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/903419/000155837024005611/0001558370-24-005611-index.htm"}]}