Applications / Mortgage Analytics / Lenders / North Dakota / Alerus Financial / Competition
Alerus Financial
Grand Forks, ND · National bank · OCC · $5.2 billion assets · 2,118 loans in 2025
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2,118
loans originated, 2025
2,860
applications, 2025
31
states and territories
0
gaps bigger than at similar lenders
Who Alerus Financial competes with, by dollars lent in 2025, in its five largest markets and the three it entered most recently. A Pareto chart puts the lenders in order of size and draws their running share, so the reader sees how concentrated each market is: where the line climbs steeply, a few lenders hold most of it.
FIG. 1 — MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI, 2025
Alerus Financial ranks 25th of 688 lenders in Minneapolis-St. Paul-Bloomington, MN-WI, with $350.1M lent: 1.3% of a $27.60B market.
Minneapolis-St. Paul-Bloomington, MN-WI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 33% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 2 — PHOENIX-MESA-CHANDLER, AZ, 2025
Alerus Financial ranks 93rd of 879 lenders in Phoenix-Mesa-Chandler, AZ, with $115.3M lent: 0.2% of a $50.70B market.
Phoenix-Mesa-Chandler, AZ is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 34% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 3 — ROCHESTER, MN, 2025
Alerus Financial ranks 3rd of 276 lenders in Rochester, MN, with $72.6M lent: 5.0% of a $1.45B market.
Rochester, MN is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 46% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 4 — NON-METRO MINNESOTA, 2025
Alerus Financial ranks 25th of 536 lenders in non-metro Minnesota, with $51.8M lent: 1.0% of a $5.28B market.
non-metro Minnesota is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 32% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 5 — FARGO, MN-ND, 2025
Alerus Financial ranks 17th of 207 lenders in Fargo, MN-ND, with $29.4M lent: 1.7% of a $1.76B market.
Fargo, MN-ND is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 55% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 6 — AKRON, OH, 2025
Alerus Financial ranks 256th of 401 lenders in Akron, OH, with $515K lent: 0.0% of a $3.33B market.
Akron, OH is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 48% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 7 — HARRISBURG-CARLISLE, PA, 2025
Alerus Financial ranks 229th of 396 lenders in Harrisburg-Carlisle, PA, with $770K lent: 0.0% of a $3.14B market.
Harrisburg-Carlisle, PA is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 42% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 8 — SAN ANTONIO-NEW BRAUNFELS, TX, 2025
Alerus Financial ranks 463rd of 669 lenders in San Antonio-New Braunfels, TX, with $805K lent: 0.0% of a $16.26B market.
San Antonio-New Braunfels, TX is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Alerus Financial in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 33% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
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