Alerus Financial sells $33.6M nonperforming loan portfolio with no charge-offs

Alerus Financial Corporation closed the sale of three nonperforming loans totaling $33.6 million, representing its largest non-performing relationship as of March 31, 2026. The transaction reduces the company's nonperforming assets to total loans ratio from 1.34% to 0.51% pro forma, demonstrating active portfolio management with no realized losses.