Alerus Financial Corporation's (ALRS) CEO Randy Newman on Q1 2021 Results - Earnings Call Transcript

Alerus Financial Corporation (NASDAQ:ALRS) Q1 2021 Earnings Conference Call April 29, 2021 10:00 AM ET

Company Participants

Randy Newman – Chairman, President and Chief Executive Officer
Katie Lorenson – Chief Financial Officer
Karin Taylor – Chief Risk Officer

Conference Call Participants

Jeff Rulis – D.A. Davidson
Nate Race – Piper Sandler
William Wallace – Raymond James

Operator

Good morning, and welcome to the Alerus Financial Corporation Earnings Conference Call. [Operator instructions] Please note that this event is being recorded.

This call may include forward-looking statements, and the company’s actual results may differ materially from those indicated in any forward-looking statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are listed in the earnings release and the company’s SEC filings.

I would now like to turn the conference over to Alerus Financial Corporation Chairman, President, and CEO, Mr. Randy Newman. Please go ahead.

Randy Newman

Thank you, Cameron, and good morning, everyone. This morning, we intend to discuss our first-quarter 2021 and also to give a current update on the impact of the COVID-19 pandemic. Today, I’m joined by our Chief Financial Officer, Katie Lorenson; our Chief Risk Officer, Karin Taylor; and our Chief Shared Services Officer, Ann McConn. As always, we appreciate your interest in our company, and we invite your questions at the end of our introductory remarks.

We are pleased to report our record performance of 2020 carried through end of the first quarter of 2021. Alerus continues to be well positioned for growth with our diversified business model, large and growing client base, and our holistic advisor-focused approach to serving clients. We started 2021 with several hiring initiatives, and we’re pleased to have two of the top mortgage producers in the Twin Cities region join our team in the first quarter. We continue to