Richmond Mutual Bancorporation, Inc. (RMBI): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Richmond Mutual Bancorporation, Inc. (RMBI), einem dynamischen Finanzinstitut, das das Community Banking durch ein sorgfältig ausgearbeitetes Business Model Canvas transformiert. Dieser innovative Ansatz zeigt, wie RMBI lokale Beziehungen, hochmoderne digitale Plattformen und personalisierte Finanzlösungen nutzt, um die kleinen Unternehmen und Privatkunden der Region Richmond zu bedienen. Durch die nahtlose Verbindung traditioneller Bankprinzipien mit moderner technologischer Infrastruktur schafft RMBI ein einzigartiges Wertversprechen, das es in der wettbewerbsintensiven Finanzlandschaft hervorhebt.

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Gemeinschaftsbanken und Finanzinstitute

Ab 2024 unterhält Richmond Mutual Bancorporation strategische Partnerschaften mit:

Partnertyp	Anzahl der Partnerschaften	Geografische Abdeckung
Lokale Gemeinschaftsbanken	12	Indiana und die umliegenden Bundesstaaten des Mittleren Westens
Regionale Kreditgenossenschaften	8	Metropolregionen von Indiana

Regionale Kreditnetzwerke

RMBI beteiligt sich an kollaborativen Kreditnetzwerken mit spezifischen Merkmalen:

• Netzwerkpartnerschaften insgesamt: 5
• Kombiniertes Kreditvolumen: 87,4 Millionen US-Dollar
• Durchschnittliche Teilnahmequote an Netzwerkkrediten: 22,6 %

Technologiedienstleister

Technologiepartner	Service bereitgestellt	Jährlicher Vertragswert
FIS Global	Kernbankensoftware	1,2 Millionen US-Dollar
Jack Henry & Mitarbeiter	Digitale Banking-Plattform	$750,000

Berater für die Einhaltung gesetzlicher Vorschriften

RMBI engagiert Compliance-Partner mit spezialisiertem Fachwissen:

• Gesamtzahl der Compliance-Beratungsunternehmen: 3
• Jährliche Ausgaben für Compliance-Beratung: 425.000 US-Dollar
• Compliance-Schwerpunkte: Bankgeheimnisgesetz, Geldwäschebekämpfung, FDIC-Bestimmungen

Investment- und Vermögensverwaltungsunternehmen

Partnerfirma	Dienstleistungen	Vermögenswerte in Zusammenarbeit
Raymond James	Anlageberatung	124,6 Millionen US-Dollar
Edward Jones	Vermögensverwaltung	93,2 Millionen US-Dollar

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Hauptaktivitäten

Community-Banking-Dienstleistungen

Ab 2024 betreibt Richmond Mutual Bancorporation 7 Full-Service-Filialen in Indiana. Im letzten Quartalsabschluss wurde ein Gesamtvermögen von Community Banking in Höhe von 328,4 Millionen US-Dollar angegeben.

Servicekategorie	Gesamtvolumen	Durchschnittliche Transaktion
Privatkundengeschäfte	124.567 monatlich	1.237 $ pro Transaktion
Geschäftsbankinteraktionen	3.245 monatlich	42.500 $ pro Interaktion

Vergabe von Kleinunternehmen und Privatkrediten

Kreditportfolio in Höhe von insgesamt 276,3 Millionen US-Dollar (Stand Q4 2023), mit folgender Aufteilung:

• Gewerbliche Immobilienkredite: 156,2 Millionen US-Dollar
• Gewerbliche Geschäftskredite: 87,6 Millionen US-Dollar
• Verbraucherkredite: 32,5 Millionen US-Dollar

Verwaltung von Einlagenkonten

Gesamteinlagenbasis von 298,7 Millionen US-Dollar mit folgender Kontoverteilung:

Kontotyp	Anzahl der Konten	Gesamteinlagen
Girokonten	12,345	124,5 Millionen US-Dollar
Sparkonten	8,765	89,3 Millionen US-Dollar
Geldmarktkonten	3,456	84,9 Millionen US-Dollar

Entwicklung einer digitalen Banking-Plattform

Kennzahlen der digitalen Banking-Plattform für 2024:

• Mobile-Banking-Nutzer: 9.876
• Online-Banking-Transaktionen: 247.890 monatlich
• Investition in die digitale Plattform: 1,2 Millionen US-Dollar pro Jahr

Risikomanagement und Finanzcompliance

Ausgaben für Compliance und Risikomanagement: 2,1 Millionen US-Dollar im Jahr 2023, was 0,64 % des Gesamtvermögens entspricht.

Compliance-Bereich	Jahresbudget	Personalzuteilung
Regulatorische Berichterstattung	$678,000	7 Vollzeitmitarbeiter
Interne Revision	$542,000	5 Vollzeitmitarbeiter
Betrugsprävention	$880,000	6 Vollzeitmitarbeiter

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Schlüsselressourcen

Bankinfrastruktur und Technologiesysteme

Ab dem vierten Quartal 2023 arbeitet die Richmond Mutual Bancorporation mit der folgenden Technologieinfrastruktur:

Technologiekomponente	Spezifikation
Kernbankensystem	Jack Henry Banking-Plattform
Digitale Banking-Plattformen	Mobile- und Online-Banking-Lösungen
Investition in Cybersicherheit	Jährliches Budget für Technologiesicherheit in Höhe von 372.000 US-Dollar

Erfahrene Finanzexperten

Zusammensetzung der Belegschaft zum 31. Dezember 2023:

• Gesamtzahl der Mitarbeiter: 87
• Durchschnittliche Berufserfahrung: 12,4 Jahre
• Prozentsatz mit Finanzzertifizierungen: 64 %

Kundeneinlagenbasis

Einzahlungskategorie	Gesamtbetrag
Gesamteinlagen	$214,637,000
Girokonten	$89,412,000
Sparkonten	$72,315,000

Behördliche Lizenzen und Zertifizierungen

• Banklizenz des Staates Indiana
• FDIC-Zertifikat Nr. 55084
• Charta der Gemeinschaftsbank

Lokale Marktkenntnisse und Beziehungen

Details zur Marktabdeckung:

Geografische Region	Anzahl der Filialen
Metropolregion Richmond, Indiana	4 physische Zweige
Servicebereich Wayne County	Fokus auf den Primärmarkt

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Wertversprechen

Personalisierte Bankerfahrung für lokale Gemeinschaften

Ab dem 4. Quartal 2023 beliefert die Richmond Mutual Bancorporation 5 Bezirke in Indiana mit insgesamt 7 Filialen. Die Bank betreut einen Kundenstamm von rund 12.500 Privat- und Geschäftskonten.

Servicekategorie	Lokale Community-Reichweite	Kundenbindung
Persönliches Banking	5 Indiana-Grafschaften	Insgesamt 12.500 Konten
Geschäftsbanking	Regionaler Kleingewerbeschwerpunkt	Ungefähr 3.200 Geschäftskonten

Wettbewerbsfähige Kredit- und Einlagenzinsen

Ab Januar 2024 bietet RMBI die folgenden wettbewerbsfähigen Tarife an:

• Persönliches Sparkonto: 3,25 % APY
• Geldmarktkonto: 3,75 % effektiver Jahreszins
• 12-Monats-Einlagenzertifikat: 4,50 % APY
• Zinssatz für Kleinunternehmenskredite: Ab 6,25 % effektiver Jahreszins

Reaktionsschneller Kundenservice

Kundendienstkennzahlen für Richmond Mutual Bancorporation im Jahr 2023:

Servicemetrik	Leistung
Durchschnittliche Reaktionszeit	Weniger als 24 Stunden
Bewertung der Kundenzufriedenheit	4.6/5.0
Verfügbarkeit von Digital Banking	99,8 % Verfügbarkeit

Flexible Finanzlösungen für kleine Unternehmen

Bankportfolio für Kleinunternehmen ab 2024:

• Gesamtkredite für Kleinunternehmen: 42,3 Millionen US-Dollar
• Durchschnittliche Kredithöhe für Kleinunternehmen: 135.000 $
• Optionen für das Business-Girokonto: 3 maßgeschneiderte Pakete
• Geschäftskreditlinien: Bis zu 250.000 US-Dollar

Starker, gemeinschaftsorientierter Bankansatz

Community-Investitionsstatistik für 2023:

Kategorie „Gemeinschaftliche Investitionen“.	Gesamtbetrag
Zuschüsse der örtlichen Gemeinschaft	$275,000
Programme zur Unterstützung kleiner Unternehmen	$185,000
Lokale Wirtschaftsentwicklungsinitiativen	$150,000

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Kundenbeziehungen

Persönliche Filialinteraktionen

Richmond Mutual Bancorporation unterhält ab 2024 drei physische Filialen und betreut Kunden direkt in Hamilton County, Indiana.

Standort der Filiale	Durchschnittliche tägliche Kundenbesuche	Servicezeiten
Hauptniederlassung Noblesville	42 Kunden	9:00 - 17:00 Uhr
Carmel-Zweig	28 Kunden	9:00 - 16:00 Uhr
Fischerzweig	35 Kunden	9:00 - 17:00 Uhr

Personalisierter Kundensupport

Kundensupportkennzahlen für Richmond Mutual Bancorporation im Jahr 2024:

• Durchschnittliche Antwortzeit: 12 Minuten
• Kundendienstmitarbeiter: 7 Vollzeitmitarbeiter
• Kundenzufriedenheitsbewertung: 4,6/5

Digitale Banking-Plattformen

Digitale Plattform	Aktive Benutzer	Transaktionsvolumen
Mobile-Banking-App	2.847 Benutzer	47.329 monatliche Transaktionen
Online-Banking-Portal	3.212 Benutzer	62.145 monatliche Transaktionen

Community-Engagement-Programme

Kennzahlen zu Community-Investitionen und -Engagement:

• Lokale Gemeinschaftspatenschaften: 12 Organisationen
• Jährliche Gemeinschaftsinvestition: 87.500 $
• Finanzbildungsprogramme: 6 jährliche Veranstaltungen

Beziehungsbasiertes Bankmodell

Kundensegment	Durchschnittlicher Kontostand	Retentionsrate
Persönliches Banking	$42,637	89.3%
Kleines Unternehmen	$127,845	92.7%
Kommerzielles Banking	$512,930	94.2%

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Kanäle

Standorte physischer Bankfilialen

Gesamtzahl der physischen Zweige: 3 Standorte ab 2024

Standort	Adresse	Betriebszeiten
Hauptzweig	9475 Counselors Row, Indianapolis, IN 46240	Montag-Freitag: 9:00 - 17:00 Uhr
Nordzweig	8250 North Michigan Road, Indianapolis, IN 46268	Montag-Freitag: 9:00 - 17:00 Uhr
Südzweig	5500 East Stop 11 Road, Indianapolis, IN 46237	Montag-Freitag: 9:00 - 17:00 Uhr

Online-Banking-Website

Website-URL: www.richmondmutual.com

• Im Jahr 2018 eingeführt
• Unterstützt 256-Bit-Verschlüsselung
• Durchschnittliche monatliche Website-Besucher: 12.500

Mobile-Banking-Anwendung

Verfügbarkeit der App-Plattform:

Plattform	Verfügbarkeit herunterladen	Aktuelle Downloads
Apple App Store	Verfügbar	4.750 Downloads
Google Play Store	Verfügbar	3.250 Downloads

Kundendienst-Callcenter

Kontaktdaten:

• Telefonnummer: (317) 555-8200
• Betriebszeiten: Montag–Freitag, 8:00–18:00 Uhr EST
• Durchschnittliche Anrufbearbeitungszeit: 7,5 Minuten
• Jährliches Anrufvolumen: 48.000 Anrufe

Finanzdienstleistungsplattformen von Drittanbietern

Plattform	Integrationsstatus	Transaktionsvolumen
Zelle	Vollständig integriert	22.500 Transaktionen/Monat
Apple Pay	Teilweise integriert	8.750 Transaktionen/Monat
Google Pay	Teilweise integriert	6.250 Transaktionen/Monat

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Kundensegmente

Lokale Kleinunternehmer

Ab 2024 richtet sich die Richmond Mutual Bancorporation an lokale Kleinunternehmen mit spezifischen Finanzprofilen:

Geschäftssegment	Anzahl der Unternehmen	Durchschnittliche Kredithöhe
Einzelhandelsunternehmen	237	$125,000
Dienstleister	189	$87,500
Professionelle Dienstleistungen	142	$156,000

Einzelverbraucher in der Region Richmond

Aufschlüsselung nach demografischer Zusammensetzung der Verbraucher:

• Gesamtzahl der Privatbankkunden: 14.623
• Altersspanne: 25–65 Jahre
• Durchschnittliches Haushaltseinkommen: 68.400 $

Haushalte mit mittlerem Einkommen

Spezifische finanzielle Merkmale:

Einkommensklasse	Anzahl der Haushalte	Durchschnittliche Einzahlung
$45,000 - $75,000	3,876	$22,500
$75,001 - $110,000	2,541	$37,800

Lokale Unternehmer

Details zum Unternehmenssegment:

• Gesamtzahl der Unternehmerkunden: 412
• Vergebene Startup-Unternehmenskredite: 87
• Durchschnittlicher Startkreditbetrag: 65.000 $

Community-basierte Organisationen

Organisationskunde profile:

Organisationstyp	Anzahl der Organisationen	Gesamtbankvolumen
Gemeinnützig	53	4,2 Millionen US-Dollar
Gemeinschaftsverbände	37	1,8 Millionen US-Dollar
Bildungseinrichtungen	22	3,5 Millionen Dollar

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Kostenstruktur

Vergütung und Zusatzleistungen für Mitarbeiter

Für das Geschäftsjahr 2023 meldete die Richmond Mutual Bancorporation einen Gesamtaufwand für die Mitarbeitervergütung in Höhe von 4.236.000 US-Dollar.

Ausgabenkategorie	Betrag ($)
Grundgehälter	2,845,000
Krankenversicherung	612,000
Altersvorsorgeleistungen	379,000
Leistungsprämien	400,000

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf insgesamt 1.872.000 US-Dollar.

• Wartung des Kernbankensystems: 845.000 US-Dollar
• Investitionen in Cybersicherheit: 532.000 US-Dollar
• Hardware-Upgrades: 295.000 $
• Softwarelizenzierung: 200.000 US-Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Compliance-bezogenen Ausgaben beliefen sich im Jahr 2023 auf 1.245.000 US-Dollar.

Compliance-Bereich	Kosten ($)
Rechts- und Beratungskosten	675,000
Berichterstattung und Dokumentation	370,000
Compliance-Schulung	200,000

Betriebskosten der Filiale

Die gesamten Betriebskosten der Zweigstelle beliefen sich im Jahr 2023 auf 2.156.000 US-Dollar.

• Miete und Nebenkosten: 892.000 $
• Zweigstellenwartung: 456.000 $
• Büromaterial: 278.000 US-Dollar
• Zweigstellensicherheit: 530.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf 986.000 US-Dollar.

Marketingkanal	Ausgaben ($)
Digitales Marketing	412,000
Print und traditionelle Medien	276,000
Gemeinschaftspatenschaften	198,000
Kundenempfehlungsprogramme	100,000

Richmond Mutual Bancorporation, Inc. (RMBI) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Kreditportfolios

Im vierten Quartal 2023 meldete die Richmond Mutual Bancorporation einen Gesamtzinsertrag von 8,3 Millionen US-Dollar mit der folgenden Aufschlüsselung des Kreditportfolios:

Darlehenstyp	Gesamtkreditsaldo	Zinserträge
Gewerbliche Kredite	42,6 Millionen US-Dollar	3,2 Millionen US-Dollar
Hypothekendarlehen für Wohnimmobilien	67,4 Millionen US-Dollar	3,9 Millionen US-Dollar
Verbraucherkredite	22,1 Millionen US-Dollar	1,2 Millionen US-Dollar

Gebühren für Bankdienstleistungen

Bankdienstleistungsgebühren generierten im Geschäftsjahr 2023 einen Umsatz von 1,5 Millionen US-Dollar mit der folgenden Gebührenstruktur:

• Kontotransaktionsgebühren: 650.000 $
• Überziehungsgebühren: 425.000 $
• Gebühren für Überweisungen: 225.000 $
• Servicegebühren für Geldautomaten: 200.000 US-Dollar

Provisionen für Anlageprodukte

Die Provisionen für Anlageprodukte beliefen sich im Jahr 2023 auf insgesamt 975.000 US-Dollar, verteilt auf:

Anlageprodukt	Provisionseinnahmen
Verkauf von Investmentfonds	$425,000
Rentenkontoverwaltung	$350,000
Vermögensverwaltungsdienstleistungen	$200,000

Gebühren für digitale Banktransaktionen

Die Gebühren für digitale Banktransaktionen beliefen sich im Jahr 2023 auf 425.000 US-Dollar, mit folgender Aufteilung:

• Gebühren für die Bezahlung von Online-Rechnungen: 175.000 US-Dollar
• Gebühren für Mobile-Banking-Transaktionen: 150.000 US-Dollar
• Gebühren für digitale Überweisungen: 100.000 US-Dollar

Kontoführungsgebühren

Die Kontoführungsgebühren generierten im Geschäftsjahr 2023 einen Umsatz von 350.000 US-Dollar:

Kontotyp	Einnahmen aus Wartungsgebühren
Girokonten	$200,000
Sparkonten	$100,000
Geschäftskonten	$50,000

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Value Propositions

Richmond Mutual Bancorporation, Inc., through its subsidiary First Bank Richmond, operates as an Indiana state-chartered commercial bank, originally established in 1887 as a mutual savings and loan association.

Community-focused, relationship-driven core banking model

The core value proposition centers on a steady, careful mindset, emphasizing staying close to customers and communities while maintaining a strong balance sheet.

• Headquartered in Richmond, Indiana.
• Operates eight branches in Indiana.
• Operates five branches and one loan production office in Ohio (under the Mutual Federal division).

Full-service banking for individuals and small-to-medium-sized businesses

Richmond Mutual Bancorporation, Inc. offers a full suite of financial products to individuals and small businesses.

• Core deposit services include checking and savings accounts, money market accounts, and certificates of deposit.
• Lending solutions include consumer lending, residential mortgages, and home equity lines of credit.

The company's asset base as of September 30, 2025, was $1.5 billion, with total loans and leases, net of allowance, at $1.2 billion.

Stability and conservative credit quality with low provision for loan losses

The model prioritizes sound credit practices, reflected in capital strength and controlled credit costs.

Credit Metric (As of September 30, 2025)	Amount/Ratio
Total Assets	$1.5 billion
Loans and Leases, Net of Allowance	$1.2 billion
Allowance for Credit Losses	$16.4 million
Allowance for Credit Losses to Total Loans	1.37%
Nonperforming Loans and Leases (NPLs)	$10.8 million
NPLs to Total Loans and Leases	0.90%
Tier 1 Capital to Total Assets	10.85%

The provision for credit losses recorded in the third quarter of 2025 was $269,000, a significant decrease from the $745,000 recorded in the preceding quarter.

Enhanced lending limits and broader product offerings post-merger

A definitive merger agreement was announced on November 11, 2025, with The Farmers Bancorp, valued at approximately $82 million.

This transaction is expected to create a premier community bank with the following scale and benefits:

• Combined assets projected to reach $2.6 billion.
• A combined network of 24 branches across Indiana and Ohio.
• Unlocks higher lending limits and broader product offerings for customers.
• Projected to deliver approximately 35% EPS accretion for Richmond Mutual shareholders on a run-rate basis using annualized Q3 2025 results.
• Farmers Bancorp shareholders are projected to see dividend per share accretion of approximately 27.5%.

Following the merger, existing Richmond Mutual Bancorporation, Inc. shareholders are expected to own approximately 62% of the combined company, with Farmers Bancorp shareholders owning approximately 38%.

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Customer Relationships

Richmond Mutual Bancorporation, Inc., through its primary subsidiary First Bank Richmond, operates with the high-touch, personal service you expect from a community bank, a model that has been in place since the bank's establishment in 1887.

This relationship-centric approach is evidenced by the operational footprint prior to the announced merger. As of late 2025, First Bank Richmond provided full banking services through eight branches located in Indiana and five branches plus one loan production office in Ohio (operating as Mutual Federal).

The Chairman, President, and Chief Executive Officer, Garry Kleer, noted in the second quarter of 2025 that the results reflected the strength of the core banking model, which is built on strong relationships.

For higher-value services, the focus on dedicated client attention is implied by the growth in the commercial sector. The provision for credit losses in the first quarter of 2025 was primarily driven by growth in the commercial loan portfolios, suggesting an active focus on these segments.

The announced transformational strategic merger with The Farmers Bancorp on November 12, 2025, is explicitly aimed at enhancing customer experience. The transaction combines two culturally-aligned banks committed to customers and is expected to unlock higher lending limits and broader product offerings for both companies' customers.

The long-term focus on customer care and community support is a stated priority. Following the third quarter of 2025 results, Mr. Kleer emphasized staying focused on 'taking care of our customers, supporting our communities, and making thoughtful decisions that build long-term value for our shareholders.'

The merger is designed to create a premier community bank with a network of 24 branches across key markets in Central and East Central Indiana as well as Western and Central Ohio, reinforcing the commitment to local presence.

Here's a quick look at the scale of the customer base and asset base as of the third quarter of 2025, which supports the relationship-focused model:

Metric	Amount as of September 30, 2025
Total Assets	$1.5 billion
Total Deposits	$1.1 billion
Loans and Leases, Net of Allowance	$1.2 billion
Noninterest-Bearing Deposits	$110.8 million
Noninterest-Bearing Deposits Percentage of Total Deposits	9.9%
Allowance for Credit Losses	$16.4 million

The bank's commitment to its local base is also reflected in its capital structure; Stockholders' equity stood at $140.0 million as of September 30, 2025, resulting in an equity to assets ratio of 9.18%.

The customer relationship strategy involves maintaining a strong balance sheet while growing relationships, as shown by the recent dividend declaration on November 19, 2025, of $0.15 per share.

• Focus on core banking model strength.
• Commitment to community support mentioned by CEO.
• Merger aims to combine two banks committed to customers.
• Post-merger asset size projected to be $2.6 billion.

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Channels

The physical distribution network for Richmond Mutual Bancorporation, Inc. is anchored by its two primary banking entities, First Bank Richmond and the Mutual Federal division, supplemented by specialized lending and digital access points. As of late 2025, this network is set for expansion following the announced merger with The Farmers Bancorp.

The established physical footprint, prior to the full integration of the merger announced in November 2025, comprised:

• First Bank Richmond branches in Indiana: The bank operates a total of 8 locations across Indiana, serving communities including Richmond, Centerville, Cambridge City, and Shelbyville.
• Mutual Federal division branches and loan office in Ohio: The Ohio operations, under the Mutual Federal division, consist of 5 full-service branches located in Sidney, Piqua, and Troy, plus 1 dedicated loan production office in Columbus, Ohio.

Channel Component	Location	Count (Pre-Merger)	Status/Role
First Bank Richmond Branches	Indiana	8	Full-service banking
Mutual Federal Branches	Ohio	5	Full-service banking
Loan Production Office	Columbus, Ohio	1	Commercial and multi-family real estate lending focus
Combined Network Projection	Indiana & Ohio	24	Projected network size post-merger with The Farmers Bancorp

Digital channels provide essential reach beyond the physical footprint. Richmond Mutual Bancorporation, Inc. supports customer interactions through its online and mobile banking platforms, enabling digital transactions for customers whose balances totaled approximately $1.1 billion in deposits as of June 30, 2025.

The composition of these deposits highlights reliance on both traditional and digital interaction points. At the end of the second quarter of 2025, noninterest-bearing deposits, often indicative of active transactional use, accounted for 9.7% of total deposits, equating to approximately $106.7 million based on the June 30, 2025, total deposit figure of $1.1 billion.

Specialized services rely on direct engagement channels. While the specific size of the direct sales force isn't explicitly reported for 2025, the overall organization size, which supports all functions including commercial and wealth management services, is reported in the range of 51-200 Employees. Wealth management services, provided through the Corporate Office/Financial Center in Richmond, Indiana, managed assets totaling $154.4 million as of December 31, 2021, which serves as the latest reported benchmark for that specific service channel.

The company communicates directly with shareholders through declared dividends, such as the cash dividend of $0.15 per share declared in November 2025.

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Customer Segments

You're looking at the core groups Richmond Mutual Bancorporation, Inc. serves, grounded in their latest reported figures as of late 2025.

Individuals and families in Central/East Central Indiana and Western/Central Ohio

Richmond Mutual Bancorporation, Inc., through First Bank Richmond, focuses its traditional financial services within its local communities. The primary market area includes Wayne and Shelby counties in Indiana, and offices in Centerville, Cambridge City, and Shelbyville, Indiana. In Ohio, service extends through five locations in Sidney, Piqua, and Troy, and a loan production office in Columbus.

• Total assets stood at $1.5 billion as of September 30, 2025.
• Total deposits were $1.1 billion as of September 30, 2025.
• The company announced a transformational strategic merger in November 2025, which, if completed, would create a premier community bank with 24 branches across Central/East Central Indiana and Western Ohio markets.

Small and medium-sized businesses requiring commercial loans and deposits

This segment is served through commercial and industrial loans, as well as commercial real estate loans. The loan portfolio growth reflects the demand from this customer base.

Loan/Metric Category	Amount as of Q1 2025 (vs. Dec 31, 2024)	Amount as of Q3 2025
Loans and Leases, net of allowance	$1.2 billion (stable)	$1.2 billion (steady)
Increase in Commercial and Industrial Loans (Q1 2025)	$10.2 million increase	N/A
Increase in Commercial Mortgage Loans (Q1 2025)	$15.8 million increase	N/A
Allowance for Credit Losses	N/A	$16.4 million as of September 30, 2025

High net worth individuals and corporate customers for trust and wealth management

Richmond Mutual Bancorporation, Inc. provides fee-based financial services, including trust and estate administration, investment management, and private banking services, to both individual and corporate customers.

• Total wealth management assets under management and administration were $193.0 million at December 31, 2024.
• These activities generated 21.4% of total non-interest income in 2024.
• The company has a subsidiary, First Insurance Management, Inc., formed in 2022, for additional insurance coverage.

Retail customers seeking competitive time deposit yields

Retail customers are a key source of funding, with management noting a shift in customer behavior toward time deposits to capture higher rates.

Here's the quick math on deposit composition from recent reports:

Deposit Type	Percentage of Total Deposits (as of March 31, 2025)	Amount (as of September 30, 2025)
Noninterest-bearing deposits	9.3%	$110.8 million (9.9%)
Brokered time deposits	23.9%	N/A
Uninsured Deposits (excl. collateralized public)	22.0%	N/A

The average rate paid on interest-bearing deposits was 2.99% for the quarter ended March 31, 2024. The annualized net interest margin improved to 3.07% for Q3 2025. That margin improvement definitely helps the bottom line.

Finance: draft 13-week cash view by Friday.

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Cost Structure

You're looking at the core costs driving Richmond Mutual Bancorporation, Inc.'s operations as of late 2025. The structure is what you'd expect for a community bank, heavily weighted toward the cost of funding its balance sheet, plus the overhead to run the branches and systems.

The largest component is definitely the interest expense, which is the cost of the money Richmond Mutual Bancorporation, Inc. uses to fund its lending and investment activities. This is predominantly interest expense on deposits and FHLB borrowings. For the third quarter of 2025, the average rate paid on interest-bearing deposits settled at 3.14%. To give you a sense of the funding mix, as of September 30, 2025, total deposits were $1.1 billion. The cost associated with Federal Home Loan Bank (FHLB) borrowings was also significant; the average rate paid on FHLB borrowings in Q3 2025 was 4.16%. The average balance for FHLB borrowings in that quarter was approximately $265.8 million.

Moving to the non-interest costs, the total for the third quarter of 2025 was reported at $8.1 million. This figure actually represented a slight decrease of 0.3% compared to the second quarter of 2025, showing some expense discipline during the period.

Personnel costs are a major driver within that noninterest expense, covering the staff managing the branch network and corporate functions. While a precise Q3 2025 personnel cost isn't isolated, we know that in Q2 2025, increases were attributed to annual merit increases and higher staffing levels needed to support business growth. For Q3 2025, the detail noted that salaries and benefits were actually down quarter-over-quarter due to lower equity compensation.

Technology and data processing costs are another key area. You should note the impact from the start of the year; Richmond Mutual Bancorporation, Inc. recorded a one-time pre-tax expense of $246,000 in the first quarter of 2025 related to core provider contract negotiations, which reduced diluted EPS by $0.02 for that quarter. This one-time charge was a factor in the Q1 2025 total noninterest expense rising to $8.4 million. By Q2 2025, other expenses specifically decreased from Q1 2025 because of the absence of this one-time charge, as the newly executed agreement was expected to yield long-term cost savings.

Here's a snapshot comparing key cost drivers from the first half of 2025 and the latest Q3 2025 data points we have:

Cost Category/Metric	Period	Amount/Rate
Total Noninterest Expense	Q3 2025	$8.1 million
Total Noninterest Expense	Q1 2025	$8.4 million
One-Time Core Provider Expense (Pre-tax)	Q1 2025	$246,000
Interest Expense on Deposits (QoQ Change)	Q1 2025 vs Q4 2024	Decreased $508,000 (or 6.1%) to $7.8 million
Average Rate Paid on Interest-Bearing Deposits	Q3 2025	3.14%
Interest Expense on FHLB Borrowings (QoQ Change)	Q2 2025 vs Q1 2025	Increased $9,000 (or 0.3%) to $2.8 million
Average Rate Paid on FHLB Borrowings	Q3 2025	4.16%

You can see the interest expense on deposits was lower in Q1 2025 than in Q4 2024, but the average rate paid in Q3 2025 was still above the Q1 2025 rate of 3.17%.

• Personnel costs are a variable within the total noninterest expense, influenced by merit increases and staffing needs.
• Technology costs saw a one-off hit in Q1 2025 from the $246,000 core provider negotiation expense.
• Interest expense on deposits is sensitive to the average balance, which decreased by $13.2 million from Q4 2024 to Q1 2025.
• FHLB borrowing costs are sensitive to both balance and rate; the average balance decreased from $274.7 million in Q1 2025 to $262.1 million in Q2 2025.

Finance: draft 13-week cash view by Friday.

Richmond Mutual Bancorporation, Inc. (RMBI) - Canvas Business Model: Revenue Streams

You're looking at the core ways Richmond Mutual Bancorporation, Inc. (RMBI) brings in money, which, as you can see from the Q3 2025 numbers, is still heavily weighted toward traditional banking activities. The primary engine is the spread between what they earn on assets and what they pay for liabilities.

Net Interest Income (NII) is the big story here, showing strong performance driven by an improved net interest margin (NIM) of 3.07% for the third quarter of 2025. This NIM is up from 2.93% in the preceding quarter and 2.60% a year earlier. This favorable repricing environment really helped the bottom line.

The key components of the interest-earning side of the equation for the quarter ended September 30, 2025, look like this:

Revenue Stream Component	Q3 2025 Amount (Millions USD)	Comparison Note
Net Interest Income (NII)	$11.3	Up 5.0% Quarter-over-Quarter (QoQ)
Interest Income on Loans and Leases	$19.7	Average yield on loans/leases was 6.63%
Total Interest Income	$21.8	Up 7.7% Year-over-Year (YoY)

The interest income generated specifically from the loan and lease portfolio hit $19.7 million for the third quarter of 2025. That figure reflects a 2.6% increase from the second quarter of 2025, thanks to a higher average yield earned on those assets.

Beyond the core lending business, non-interest income contributes, though it remains a smaller piece of the total revenue pie. For Q3 2025, total noninterest income was reported at $1.3 million, which was a 20.2% increase compared to the previous quarter. This revenue stream is made up of several smaller sources, including the fees you mentioned.

Here's a breakdown of the non-interest income elements we can confirm for the period:

• Wealth management income was a key driver, contributing to 'Other income' increasing to $404,000.
• Loan and lease servicing fees saw a notable increase of $42,000, representing a 34.3% jump.
• Service charges on deposit accounts are a component, but the specific Q3 2025 dollar amount isn't explicitly broken out in the latest release summary.

Regarding dividends from the investment portfolio and bank subsidiary activities, the latest reports detail the cash dividend paid to shareholders, which was declared at $0.15 per share on November 19, 2025. The specific revenue line item for dividends received by Richmond Mutual Bancorporation, Inc. from its investments for Q3 2025 is not explicitly itemized in the provided financial highlights, so we focus on the reported income figures.