Welcome to our dedicated page for Alerus Finl SEC filings (Ticker: ALRS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Alerus Financial Corporation (Nasdaq: ALRS) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a commercial wealth bank and national retirement services provider. Alerus files reports with the U.S. Securities and Exchange Commission that cover its financial condition, results of operations, governance matters, and material corporate events.
Among the most frequently referenced documents are Current Reports on Form 8-K, which Alerus uses to furnish quarterly earnings press releases and related investor presentations under Items 2.02 and 7.01. These filings summarize net income, net interest income, net interest margin, noninterest income, and key performance ratios, and they often discuss trends in loans, deposits, retirement and benefit services assets, and wealth management assets. Certain 8-K filings also describe board and executive actions, such as an Executive Severance Agreement with the company’s President and Chief Executive Officer and associated change-in-control provisions.
In addition to 8-Ks, investors typically look to annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) for detailed information on Alerus’ four operating segments—Banking, Retirement & Benefit Services, Wealth Management, and Mortgage—as well as risk factors, capital and liquidity discussion, and notes on revenue sources such as interest income, commissions, management fees, and other income.
On Stock Titan, ALRS filings are updated from EDGAR in near real time and paired with AI-powered summaries that explain the main points of lengthy documents. These summaries are designed to highlight items such as segment performance, balance sheet changes, and notable corporate actions so that users can quickly understand what has changed without reading every page. Users can also review filings related to dividends, executive arrangements, and other board decisions that Alerus discloses through its SEC reports.
Alerus Financial Corporation is asking stockholders to vote at a fully virtual annual meeting on May 14, 2026 at 1:30 p.m. Central Time. Stockholders of record on March 16, 2026 may participate and vote online using a passcode and unique control number.
Investors will elect nine directors, approve on an advisory basis the compensation of named executive officers, and ratify RSM US LLP as independent auditor for the fiscal year ending December 31, 2026. The board is majority independent, with an independent chair separate from the CEO, and all four key committees are composed entirely of independent directors.
The proxy details executive pay design for five named executives, combining base salary, annual cash bonuses, and equity-based long-term incentives linked to non-GAAP performance metrics. For 2025, company performance produced a 141% payout under the short‑term incentive plan and a 112% payout on the 2023–2025 long‑term performance cycle. In a 2025 advisory vote, 90.75% of votes supported prior executive pay, and the company highlights practices such as stock ownership guidelines, a clawback policy, and restrictions on hedging.
Alerus Financial Corporation amended its existing subordinated debt with the Bank of North Dakota. The company’s $50.0 million Subordinated Note, originally due March 30, 2031, now matures on March 30, 2036 under a Modification Agreement signed March 30, 2026.
The modified note bears a fixed annual interest rate of 6.75% until March 30, 2031. From March 30, 2031 to maturity or earlier redemption, the rate resets and is fixed at the five year advance rate set by the Federal Home Loan Bank of Des Moines on that date plus 3.00%. The note is redeemable, in whole or in part, on or after March 30, 2031 and upon certain specified events.
The Vanguard Group filed an amended Schedule 13G disclosing its position in Alerus Financial Corp. The amendment states beneficial ownership of 0 shares, representing 0%, after an internal realignment described as occurring on January 12, 2026.
The filing is signed by Ashley Grim on 03/26/2026 and explains certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538.
Alerus Financial Corporation files its annual report describing a diversified financial services business built around banking, retirement and benefit services, and wealth management. As of December 31, 2025, it reports $5.2 billion of total assets, $4.0 billion of loans, $4.2 billion of deposits and $564.9 million of stockholders’ equity.
The company administers $44.9 billion of retirement and benefit assets and $4.9 billion of wealth assets, supported by its “One Alerus” and “My Alerus” integrated advice-and-technology model. In October 2024, it acquired HMN Financial, Inc., adding $867.5 million in loans and $957.6 million in deposits in a stock-for-stock transaction valued at $123.6 million.
Alerus Financial Corp executive Forrest Wilson received an equity award in the form of restricted stock units. On February 26, he was granted 6,602 restricted stock units that each convert into one share of common stock. After this grant, he directly holds 6,602 restricted stock units.
The award combines time-based and performance-based components. It includes 2,641 units that vest on February 26, 2029, if he remains eligible, and 3,961 units that vest based on cumulative EPS and ROE performance once the compensation committee certifies results by March 15, 2029. The performance portion can pay out between 0% and 150% of the target units depending on goal achievement.
Alerus Financial Corp CEO Katie A. Lorenson reported equity compensation activity and related share movements. On February 26, 2026, she exercised 9,363 restricted stock units, converting them into the same number of common shares at no cash exercise price. She also received a new award of 19,022 restricted stock units, which include time-based and performance-based vesting components.
Following these transactions, her direct common stock holdings were 58,531 shares, with 19,022 restricted stock units outstanding, and an additional 6,640.4572 shares held indirectly through the Alerus Financial Corporation Employee Stock Ownership Program. A separate disposition of 2,866 common shares at $25.45 per share was made solely to cover tax liabilities upon vesting, rather than an open-market sale. Footnotes explain that performance-based units granted in 2023 vested at 112% of target after the Compensation Committee certified total net income results.
Alerus Financial Corp EVP and COO Karin M. Taylor reported equity award activity involving restricted stock units and common stock. On February 26, 2026, 3,574 restricted stock units were exercised into 3,574 shares of common stock at a stated price of $0.00 per share, reflecting a conversion of prior awards.
On the same date, 1,094 common shares at $25.45 per share were withheld to cover tax liabilities upon vesting, rather than sold in an open-market transaction. Taylor also received a new grant of 6,876 restricted stock units, which convert into common stock on a one-for-one basis, bringing her directly held common stock to 28,590 shares and maintaining 6,876 restricted stock units outstanding.
Footnotes explain that earlier performance-based restricted stock units granted in 2023 vested after the compensation committee certified results at 112% of target, and that certain time-based and performance-based restricted stock units now outstanding may vest through 2029 based on time and future performance certifications. Taylor also has indirect ownership of 2,212.5242 common shares through the Alerus Financial Corporation Employee Stock Ownership Program.
Alerus Financial Corp EVP & Chief Financial Officer Alan Villalon reported equity compensation activity involving restricted stock units and common shares. On February 26, 2026, he exercised 3,217 restricted stock units, which converted into 3,217 shares of common stock at a price of $0.00 per share, leaving him with 15,719 directly held common shares.
He also received a new direct grant of 7,246 restricted stock units. Footnotes explain that these include 2,898 time-based units and 4,348 performance-based units. The time-based units vest on February 26, 2029, while the performance-based units vest upon Compensation Committee certification of relative cumulative EPS and ROE goals, with payout ranging from 0% to 150% of target if certified no later than March 15, 2029.
A prior grant of 2,872 performance-based restricted stock units from February 21, 2023 vested after the Compensation Committee certified total net income goals at a 112% payout. In addition, Villalon has an indirect interest in 775.3659 common shares through the Alerus Financial Corporation Employee Stock Ownership Program, reflecting ESOP allocations since his last ownership report.
Alerus Financial Corp executive Missy Keney reported equity compensation activity involving restricted stock units and common stock. On February 26, 2026, she exercised 2,349 restricted stock units, which converted into 2,349 shares of common stock at $0.00 per share, and received a new grant of 5,153 restricted stock units.
The filing shows a tax-withholding disposition of 608 shares of common stock at $25.45 per share to cover tax liabilities upon vesting. After these transactions, she directly held 10,206 common shares. Additional indirect holdings are reported through jointly held shares with her spouse and allocations in the Alerus Financial Corporation Employee Stock Ownership Plan in her spouse’s name.