13F-NT 1 sec13fnt.txt ALERUS FINANCIAL 13F-NT 12/31/2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calender Year or Quarter Ended: December 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.)[ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this report: Name: Alerus Financial, N.A. Address: PO Box 6001 401 Demers Ave Grand Forks, ND 58206-6001 13F File Number: 28-03439 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Douglas C. Carpenter Title: Director Trust & Investments Phone: 701-795-3211 Signature, Place, and Date of Signing: Douglas C. Carpenter Grand Forks, North Dakota February 14, 2012 Report Type (Check only one.): [ ] 13F Holdings Report. [X] 13F Notice. [ ] 13F Combination Report. List of Other Managers Reporting for this Manager: 28-06758 Arbor Capital Management LLC 28-14784 Alerus Investment Advisors Corp I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.