Alerus sells $360M of AFS securities, takes $68.5M pre-tax loss, boosts 2026 NIM guidance

ALERUS FINANCIAL CORP

Sold $360M in AFS securities (~68% of total) with 1.7% yield and 5.1yr duration.
One-time pre-tax net loss of $68.5M; reinvested proceeds into securities yielding 4.7% with ~3yr duration.
Expects 2026 net interest margin of 3.50-3.60%, up from prior guidance of 3.35-3.45%.
Risk-based capital expected above regulatory limits and internal targets; no impact on tangible capital.

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