Richmond Mutual Bancorporation, Inc.
ir.rmbi.firstbankrichmond.comWhat Do They Do?
Takes deposits and makes home, commercial real estate and business loans for consumers and businesses, leases equipment to small businesses, and provides trust and wealth management services to individuals and institutions.
10-K for FY2025, filed Mar 23, 2026Our principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds…View ↗
First Bank Richmond generates commercial, mortgage and consumer loans and leases and receives deposits from customers located primarily in…View ↗
We offer a full range of lending products, including multi-family and commercial real estate loans (including owner and nonowner-occupied…View ↗
How Do They Make Money?
Makes money mainly from interest on loans and investments, funded by deposits and borrowings, plus deposit and card fees charged after transactions or monthly for account maintenance and fees from residential mortgage loan sales.
10-K for FY2025, filed Mar 23, 2026Our principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds…View ↗
Our results of operations are primarily dependent on net interest income. Net interest income is the difference between interest income…View ↗
– Service charges on deposit accounts – these include general service fees charged for deposit account maintenance and activity and…View ↗
– Card fee income – this includes debit card fees charged based on the volume and number of debit card transactions. Revenue is recognized…View ↗
$85.9M
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10-K for FY2025, filed Mar 23, 2026
$85.9M ↗
Who Are Their Customers?
Individuals and businesses use its branches for deposits and banking; commercial borrowers work with the bank’s loan personnel, while small businesses across the United States use its equipment leases. It also manages trusts and investments for individuals and institutions.
10-K for FY2025, filed Mar 23, 2026First Bank Richmond provides full banking services through its seven full- and one limited-service offices located in Cambridge City (1)…View ↗
First Bank Richmond generates commercial, mortgage and consumer loans and leases and receives deposits from customers located primarily in…View ↗
We offer a full range of lending products, including multi-family and commercial real estate loans (including owner and nonowner-occupied…View ↗
Originations, Sales and Purchases of LoansView ↗
Do Revenues Turn Into Profits?
Yes. It kept 13 cents of every revenue dollar as net income in FY2025 and turned 17 cents into free cash flow.
How Are They Changing?
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Jul 1, 2026
Completed merger with The Farmers Bancorp
The Farmers Bank also merged into the bank, which was renamed First Bank Midwest.
Sources
8-K, filed Jul 1, 2026
Effective July 1, 2026, Richmond Mutual Bancorporation, Inc. (‘Richmond’), the holding company of First Bank Midwest (formerly First Bank…View ↗
Growing. Revenue grew 87% in 4 years, from $45.9M in FY2021 to $85.9M in FY2025, about 17% a year.
Columbus presence
The older report describes a Columbus loan-production office focused on commercial and multifamily lending; the latest describes a full-service office there.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 23, 2026Our primary market area includes Wayne and Shelby counties in Indiana and Shelby, Miami, and Franklin counties in Ohio. We conduct our…View ↗
Our primary market area includes Wayne and Shelby counties in Indiana and Shelby, Miami, and Franklin counties in Ohio. We conduct our…View ↗
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