---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-017761"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2026-05-19T18:46:02+00:00"
generated_at: "2026-05-19T18:47:23.139408+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alerus sells $33.6M nonperforming loan portfolio, no charge-offs recognized

## Summary
- Sold three NPLs (construction, land & development) with net book balance of $33.6M as of March 31, 2026.
- This relationship was 62.3% of total NPLs and 62.1% of total NPAs; sale would lower NPA/loans ratio from 1.34% to 0.51%.
- Specific reserves of $3.1M were carried; no historical or transaction charge-offs; $1.6M nonaccrual interest recognized.
- CEO credits credit culture; transaction completed with no charge-offs and significant nonaccrual interest recognized.

## SEC filing metadata
- accession: 0001437749-26-017761
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2026-05-19T18:46:02+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000143774926017761/0001437749-26-017761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000143774926017761/alrs20260518c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017761
- JSON: https://secwatch.observer/filing/0001437749-26-017761.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017761.txt

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