ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Bell Bank's Holding History (CIK: 0001002672)

Note: Option positions (PUT/CALL) are excluded.

Q1 2022

Shares 7,780 Value ($000) $215 Avg Close $24.94 Range $23.39 - $26.31

Q4 2021

Shares 7,780 Value ($000) $228 Avg Close $26.94 Range $23.38 - $32.88

Q3 2021

Shares 7,780 Value ($000) $232 Avg Close $24.55 Range $22.14 - $27.20

Q2 2020

Shares 10,280 Value ($000) $203 Avg Close $14.95 Range $12.55 - $18.00

Q1 2020

Shares 10,280 Value ($000) $170 Avg Close $16.44 Range $12.36 - $18.89

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2022	7,780	$215	$24.94	$23.39 - $26.31
Q4 2021	7,780	$228	$26.94	$23.38 - $32.88
Q3 2021	7,780	$232	$24.55	$22.14 - $27.20
Q2 2020	10,280	$203	$14.95	$12.55 - $18.00
Q1 2020	10,280	$170	$16.44	$12.36 - $18.89