Richmond Mutual Bancorporation, Inc.

Listed Company

RMBICIK 0001767837NasdaqNon-AcceleratedSmaller ReportingState Commercial BanksFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$11.58M

Total Assets

$1.53B

Equity

$145.78M

Shares Out

10.50M

Op. Cash Flow

$15.97M

RMBI$15.77+15.33% · past yearDBEQ Basic

Daily closing prices

Business

Richmond Mutual Bancorporation, Inc. is a Maryland bank holding company whose principal subsidiary, First Bank Richmond, is an Indiana-chartered commercial bank providing community banking services through 14 offices in Indiana and Ohio. The bank attracts deposits and invests primarily in commercial real estate, residential real estate, and commercial & industrial loans, supplemented by direct financing leases and consumer loans. Primary business segments consist of community banking operations across Wayne and Shelby counties in Indiana and Shelby, Miami, and Franklin counties in Ohio.

Summary from 10-K filed 2026-03-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans and leases	77	72	59	45	41
Investment securities	8	8	8	7	5
Other	818,092	826,661	562,323	152,958	51,975
Total interest income	86	81	67	52	46
Deposits	31	32	23	7	5
Borrowings	11	10	7	3	3
Total interest expense	42	42	30	—	—
Net Interest Income	44	39	38	42	38
Provision for credit losses	2	550,265	531,974	600,000	1
Net Interest Income After Provision for Credit Losses	42	38	37	41	37
Service charges on deposit accounts	1	1	1	1	881,586
Card fee income	1	1	1	1	1
Loan and lease servicing fees, including mortgage servicing right impairment	680,807	463,337	448,027	861,758	−84,333
Net loss on securities (includes $(156,040) and $(50,698), respectively, related to accumulated other comprehensive loss reclassifications)	−156,040	−50,698	0	0	55,799
Net gains on loan and lease sales	409,369	554,546	517,883	639,274	2
Other income	2	1	1	1	1
Total non-interest income	5	5	5	5	5
Salaries and employee benefits	19	18	17	18	18
Net occupancy expenses	1	1	1	1	1
Equipment expenses	1	926,548	1	1	1
Data processing fees	4	4	3	3	2
Deposit insurance expense	1	2	1	494,000	301,000
Printing and office supplies	181,829	170,282	163,339	194,462	165,317
Legal and professional fees	2	2	2	1	1
Advertising expense	432,761	377,787	385,471	459,478	395,949
Bank service charges	150,566	230,410	204,161	137,601	129,015
Real estate owned expense	25,271	22,653	58,759	30,067	25,526
Other expenses	4	4	4	4	4
Total non-interest expenses	33	32	31	30	29
Income Before Income Tax Expense	14	11	11	16	14
Provision for income taxes (includes $(32,769) and $(10,647), respectively, related to income tax expense from reclassification of items)	2	1	2	3	2
Net Income	12	9	9	13	11
Basic (in USD per share)	1.2	0.93	0.91	1.2	0.98
Diluted (in USD per share)	1.17	0.92	0.91	1.17	0.96

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	9	9	9	8	8
Interest-bearing demand deposits	24	13	12	8	15
Cash and cash equivalents	33	22	20	16	23
Interest-bearing time deposits	2	300,000	0	490,000	0
Investment securities - available for sale	252	258	283	285	358
Investment securities - held to maturity	3	3	5	7	9
Loans held for sale	828,000	1	793,500	473,700	557,500
Loans and leases, net of allowance for credit losses of $16,465,708 and $15,790,885, respectively	1,177	1,159	1,090	962	833
Premises and equipment, net	13	13	13	14	14
Federal Home Loan Bank stock	14	14	13	10	10
Interest receivable	6	6	6	5	4
Mortgage-servicing rights	2	2	2	2	2
Cash surrender value of life insurance	4	4	4	4	4
Other assets	19	22	25	24	11
Total assets	1,526	1,505	1,461	1,328	1,268
Noninterest-bearing deposits	100	110	114	106	114
Interest-bearing deposits	1,015	984	927	899	786
Total deposits	1,115	1,094	1,041	1,005	900
Federal Home Loan Bank advances	240	265	271	180	180
Other borrowings	12	0	—	—	—
Advances by borrowers for taxes and insurance	650,674	590,439	588,371	560,196	531,030
Interest payable	3	5	4	1	258,032
Other liabilities	9	8	9	8	6
Total liabilities	1,380	1,372	1,326	1,196	1,087
Commitments and Contingent Liabilities	0	0	0	0	0
Common stock	105,013	108,150	112,085	117,842	124,002
Additional paid-in capital	93	98	101	106	114
Retained earnings	97	92	88	88	80
Unearned employee stock ownership plan (ESOP)	−10	−11	−11	−12	−13
Accumulated other comprehensive loss	−35	−46	−43	−50	−1
Total stockholders' equity	146	133	135	132	180
Total liabilities and stockholders' equity	1,526	1,505	1,461	1,328	1,268

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	891,834	850,244	975,813	1	1
Deferred income tax	−114,442	158,285	641,148	1	2
Stock based compensation	815,821	1	2	2	2
Investment securities amortization, net	754,838	943,315	1	2	3
(Gain) loss on sale of real estate owned	−6,067	7,050	4,042	10,882	1,278
Gain on sale of premises and equipment	−4,500	−6,000	−1,800	0	0
Accretion of loan origination fees	−884,026	−767,469	−945,579	−2	−3
Amortization of mortgage-servicing rights	208,603	192,807	213,891	224,274	412,941
ESOP shares expense	738,000	661,000	612,000	799,000	796,000
Increase in cash surrender value of life insurance	−97,140	−91,565	−90,430	−55,359	−93,404
Loans originated for sale	−21	−26	−20	−29	−80
Proceeds on loans sold	20	27	20	29	79
Interest receivable	−269,925	−186,295	−1	−517,654	510,777
Other assets	732,172	3	−2	−2	−3
Other liabilities	1	−1	−2	2	−4
Interest payable	−1	434,722	3	1	35,914
Net cash provided by operating activities	16	15	12	18	−10
Net change in interest-bearing time deposits	−2	−300,000	490,000	−490,000	0
Purchases of securities available for sale	−6	−8	−11	−23	−189
Proceeds from maturities and paydowns of securities available for sale	19	21	21	32	62
Proceeds from sales of securities available for sale	7	7	0	0	5
Proceeds from maturities and paydowns of securities held to maturity	749,419	1	2	2	3
Net change in loans	−18	−69	−132	−127	−92
Proceeds from sales of real estate owned	43,502	125,109	963,871	84,652	30,270
Purchases of premises and equipment	−1	−460,380	−619,209	−385,099	−579,452
Proceeds from sale of premises and equipment	0	6,000	1,800	0	0
Purchases of FHLB stock	0	−1	−3	−166,400	—
Net cash used in investing activities	−1	−49	−123	−116	−212
Demand and savings deposits	17	24	−22	12	125
Certificates of deposit	4	29	57	93	82
Advances by borrowers for taxes and insurance	60,235	2,068	28,175	29,166	38,506
Proceeds from other borrowings	12	0	—	—	—
Proceeds from FHLB advances	284	289	542	328	209
Repayment of FHLB advances	−309	−295	−451	−328	−199
Repurchase of common stock	−6	−5	−6	−10	−12
Proceeds from stock option exercises	−4	−12	0	—	—
Dividends paid	−6	−6	−6	−4	−9
Net cash provided by financing activities	−3	36	115	91	196
Net Change in Cash and Cash Equivalents	11	2	4	−7	−26
Interest paid	43	41	27	9	8
Income tax paid	1	−406,837	—	—	—
Transfers from loans to other real estate owned	56,136	37,435	1	115,965	27,000
Right of use assets obtained in exchange for new operating lease liabilities	298,061	0	0	504,682	0

Filings

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Frequently asked questions

What is Richmond Mutual Bancorporation, Inc.'s CIK number?

Richmond Mutual Bancorporation, Inc.'s SEC CIK number is 0001767837 (1767837). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Richmond Mutual Bancorporation, Inc.'s SEC filings?

All of Richmond Mutual Bancorporation, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Richmond Mutual Bancorporation, Inc. last report earnings?

Richmond Mutual Bancorporation, Inc. (RMBI) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026898). This is Richmond Mutual Bancorporation, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Richmond Mutual Bancorporation, Inc.'s most recent earnings 8-K?

Richmond Mutual Bancorporation, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001628280-26-026898. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Richmond Mutual Bancorporation, Inc.'s latest earnings 8-K →
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