ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Elizabeth Park Capital Advisors, Ltd.'s Holding History (CIK: 0001600583)

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

Q4 2022

Shares 108,395 Value ($000) $2,531 Avg Close $20.02 Range $18.60 - $21.30

Q3 2022

Shares 108,395 Value ($000) $2,396 Avg Close $20.65 Range $17.66 - $22.47

Q2 2022

Shares 116,509 Value ($000) $2,774 Avg Close $22.03 Range $19.59 - $24.05

Q1 2022

Shares 116,509 Value ($000) $3,220 Avg Close $24.94 Range $23.39 - $26.31

Q4 2019

Shares 125,000 Value ($000) $2,856 Avg Close $17.93 Range $17.26 - $19.24

Q3 2019

Shares 125,000 Value ($000) $2,725 Avg Close $16.34 Range $15.24 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2022	108,395	$2,531	$20.02	$18.60 - $21.30
Q3 2022	108,395	$2,396	$20.65	$17.66 - $22.47
Q2 2022	116,509	$2,774	$22.03	$19.59 - $24.05
Q1 2022	116,509	$3,220	$24.94	$23.39 - $26.31
Q4 2019	125,000	$2,856	$17.93	$17.26 - $19.24
Q3 2019	125,000	$2,725	$16.34	$15.24 - $19.46