 Alerus Financial Corporation Nasdaq: ALRS reported net income of 11.5 million for the second quarter of 2020, or 0.65 per diluted common share, compared to 5.4 million of net income, or 0.30 per diluted common share, for the first quarter of 2020, and net income of 8.3 million, or 0.59 per diluted common share, for the second quarter of 2019. 