---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-127332"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T11:01:18.487637+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alerus sells $172.3M securities, records $24.7M pre-tax loss to reposition balance sheet

## Summary
- Sold $172.3M of available-for-sale securities; pre-tax net loss of $24.7M.
- Proceeds to fund loan growth and pay down borrowings.
- Weighted-average yield on securities sold was 2.66%; earn-back period 3.7 years vs remaining life 6.1 years.
- Restructuring has no impact on tangible capital, improves net interest margin, positions for higher 2024 earnings.
- Company notes quarterly dividend and share repurchase authorization of up to 1M shares.

## SEC filing metadata
- accession: 0001104659-23-127332
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000110465923127332/0001104659-23-127332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465923127332/tm2333258d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-127332
- JSON: https://secwatch.observer/filing/0001104659-23-127332.json
- Plain text: https://secwatch.observer/filing/0001104659-23-127332.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.