Richmond Mutual Bancorporation, Inc. (RMBI): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico da Richmond Mutual Bancorporation, Inc. (RMBI), uma instituição financeira dinâmica que transforma o banco comunitário por meio de uma tela de modelo de negócios meticulosamente criada. Essa abordagem inovadora revela como o RMBI aproveita os relacionamentos locais, as plataformas digitais de ponta e as soluções financeiras personalizadas para atender às pequenas empresas e consumidores individuais da região de Richmond. Ao misturar perfeitamente os princípios bancários tradicionais com a infraestrutura tecnológica moderna, o RMBI cria uma proposta de valor única que a diferencia no cenário financeiro competitivo.

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: Parcerias -chave

Bancos comunitários locais e instituições financeiras

A partir de 2024, o Richmond Mutual Bancorporation mantém parcerias estratégicas com:

Tipo de parceiro	Número de parcerias	Cobertura geográfica
Bancos comunitários locais	12	Indiana e estados circundantes do meio -oeste
Cooperativas de crédito regionais	8	Áreas metropolitanas de Indiana

Redes de empréstimos regionais

O RMBI participa de redes de empréstimos colaborativos com características específicas:

• Total de parcerias de rede: 5
• Volume de empréstimo combinado: US $ 87,4 milhões
• Taxa média de participação em empréstimo de rede: 22,6%

Provedores de serviços de tecnologia

Parceiro de tecnologia	Serviço prestado	Valor anual do contrato
FIS Global	Software bancário principal	US $ 1,2 milhão
Jack Henry & Associados	Plataforma bancária digital	$750,000

Consultores de conformidade regulatória

O RMBI contrata a conformidade parceira com especialização especializada:

• Empresas de consultoria total de conformidade: 3
• Despesas anuais de consultoria de conformidade: US $ 425.000
• Áreas de foco de conformidade: Lei de Sigilo Banco, Lavagem Anti-Dinheiro, Regulamentos FDIC

Empresas de gestão de investimentos e patrimônio

Empresa parceira	Serviços	Ativos sob colaboração
Raymond James	Aviso de investimento	US $ 124,6 milhões
Edward Jones	Gestão de patrimônio	US $ 93,2 milhões

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: Atividades -chave

Serviços bancários comunitários

A partir de 2024, a Richmond Mutual Bancorporation opera 7 locais de filiais de serviço completo em Indiana. Total de ativos bancários comunitários relatados em US $ 328,4 milhões nas demonstrações financeiras trimestrais mais recentes.

Categoria de serviço	Volume total	Transação média
Transações bancárias de varejo	124.567 mensalmente	US $ 1.237 por transação
Interações bancárias comerciais	3.245 mensalmente	US $ 42.500 por interação

Origem de pequenas empresas e empréstimos pessoais

Portfólio de empréstimos, totalizando US $ 276,3 milhões a partir do quarto trimestre de 2023, com a seguinte quebra:

• Empréstimos imobiliários comerciais: US $ 156,2 milhões
• Empréstimos comerciais comerciais: US $ 87,6 milhões
• Empréstimos ao consumidor: US $ 32,5 milhões

Gerenciamento de conta de depósito

Base total de depósito de US $ 298,7 milhões com a seguinte distribuição de contas:

Tipo de conta	Número de contas	Total de depósitos
Contas de verificação	12,345	US $ 124,5 milhões
Contas de poupança	8,765	US $ 89,3 milhões
Contas do mercado monetário	3,456	US $ 84,9 milhões

Desenvolvimento da plataforma bancária digital

Métricas da plataforma bancária digital para 2024:

• Usuários bancários móveis: 9.876
• Transações bancárias online: 247.890 mensalmente
• Investimento de plataforma digital: US $ 1,2 milhão anualmente

Gerenciamento de riscos e conformidade financeira

Despesas de conformidade e gerenciamento de riscos: US $ 2,1 milhões em 2023, representando 0,64% do total de ativos.

Área de conformidade	Orçamento anual	Alocação de pessoal
Relatórios regulatórios	$678,000	7 funcionários em tempo integral
Auditoria interna	$542,000	5 funcionários em tempo integral
Prevenção de fraudes	$880,000	6 funcionários em tempo integral

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: Recursos -chave

Infraestrutura bancária e sistemas de tecnologia

A partir do quarto trimestre 2023, o Richmond Mutual Bancorporation opera com a seguinte infraestrutura de tecnologia:

Componente de tecnologia	Especificação
Sistema bancário principal	Plataforma bancária de Jack Henry
Plataformas bancárias digitais	Soluções bancárias móveis e online
Investimento de segurança cibernética	US $ 372.000 orçamento anual de segurança tecnológica

Profissionais financeiros qualificados

Composição da força de trabalho em 31 de dezembro de 2023:

• Total de funcionários: 87
• Experiência profissional média: 12,4 anos
• Porcentagem com certificações financeiras: 64%

Base de depósito do cliente

Categoria de depósito	Montante total
Total de depósitos	$214,637,000
Contas de verificação	$89,412,000
Contas de poupança	$72,315,000

Licenças e certificações regulatórias

• Licença bancária do estado de Indiana
• Certificado FDIC #55084
• Carta de banco comunitário

Conhecimento e relacionamentos do mercado local

Detalhes da cobertura do mercado:

Região geográfica	Número de ramificações
Richmond, área metropolitana de Indiana	4 ramos físicos
Área de Serviço do Condado de Wayne	Foco principal no mercado

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: proposições de valor

Experiência bancária personalizada para comunidades locais

A partir do quarto trimestre 2023, a Richmond Mutual Bancorporation atende a 5 municípios de Indiana, com um total de 7 locais de filiais. O banco mantém uma base de clientes de aproximadamente 12.500 contas individuais e comerciais.

Categoria de serviço	Alcance da comunidade local	Engajamento do cliente
Bancos pessoais	5 condados de Indiana	12.500 contas totais
Banking de negócios	Foco regional para pequenas empresas	Aproximadamente 3.200 contas comerciais

Taxas competitivas de empréstimo e depósito

Em janeiro de 2024, o RMBI oferece as seguintes taxas competitivas:

• Conta de poupança pessoal: 3,25% APY
• Conta do mercado monetário: 3,75% APY
• Certificado de depósito de 12 meses: 4,50% APY
• Taxa de empréstimo para pequenas empresas: a partir de 6,25% APR

Atendimento ao cliente responsivo

Métricas de atendimento ao cliente para Richmond Mutual Bancorporation em 2023:

Métrica de serviço	Desempenho
Tempo médio de resposta	Menos de 24 horas
Classificação de satisfação do cliente	4.6/5.0
Disponibilidade bancária digital	99,8% de tempo de atividade

Soluções financeiras flexíveis para pequenas empresas

Portfólio bancário de pequenas empresas a partir de 2024:

• Empréstimos totais para pequenas empresas: US $ 42,3 milhões
• Tamanho médio de empréstimo para pequenas empresas: US $ 135.000
• Opções da conta de corrente de negócios: 3 pacotes personalizados
• Linhas de crédito comercial: até US $ 250.000

Forte abordagem bancária focada na comunidade

Estatísticas de investimento comunitário para 2023:

Categoria de investimento comunitário	Montante total
Subsídios da comunidade local	$275,000
Programas de suporte para pequenas empresas	$185,000
Iniciativas de desenvolvimento econômico local	$150,000

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de Negócios: Relacionamentos do Cliente

Interações ramificadas presenciais

O Richmond Mutual Bancorporation mantém 3 locais de filiais físicas a partir de 2024, atendendo aos clientes diretamente no Condado de Hamilton, Indiana.

Localização da filial	Visitas médias diárias de clientes	Horário de serviço
Ramo principal de Noblesville	42 clientes	9:00 - 17:00
Carmel Branch	28 clientes	9:00 - 16:00
Ramo de Fishers	35 clientes	9:00 - 17:00

Suporte personalizado ao cliente

Métricas de suporte ao cliente para Richmond Mutual Bancorporation em 2024:

• Tempo médio de resposta: 12 minutos
• Representantes de atendimento ao cliente: 7 funcionários em tempo integral
• Classificação de satisfação do cliente: 4.6/5

Plataformas bancárias digitais

Plataforma digital	Usuários ativos	Volume de transação
Aplicativo bancário móvel	2.847 usuários	47.329 transações mensais
Portal bancário online	3.212 usuários	62.145 transações mensais

Programas de envolvimento da comunidade

Métricas de investimento e engajamento comunitário:

• Patrocínios da comunidade local: 12 organizações
• Investimento comunitário anual: US $ 87.500
• Programas de educação financeira: 6 eventos anuais

Modelo bancário baseado em relacionamento

Segmento de clientes	Saldo médio da conta	Taxa de retenção
Bancos pessoais	$42,637	89.3%
Pequenas empresas	$127,845	92.7%
Bancos comerciais	$512,930	94.2%

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de Negócios: Canais

Locais da agência bancária física

Filiais físicos totais: 3 locais a partir de 2024

Localização	Endereço	Horário de funcionamento
Ramo principal	9475 Conselheiros Row, Indianapolis, em 46240	Segunda a sexta: 9:00 - 17:00
Filial Norte	8250 North Michigan Road, Indianapolis, em 46268	Segunda a sexta: 9:00 - 17:00
Filial Sul	5500 East Stop 11 Road, Indianapolis, em 46237	Segunda a sexta: 9:00 - 17:00

Site bancário online

URL do site: www.richmondmutual.com

• Lançado em 2018
• Suporta criptografia de 256 bits
• Visitantes médios mensais do site: 12.500

Aplicativo bancário móvel

Disponibilidade da plataforma de aplicativo:

Plataforma	Baixar disponibilidade	Downloads atuais
Apple App Store	Disponível	4.750 Downloads
Google Play Store	Disponível	3.250 downloads

Atendimento ao cliente Call Center

Detalhes de contato:

• Número de telefone: (317) 555-8200
• Horário de operação: Segunda a sexta, 8:00 - 18:00 EST
• Average call handling time: 7.5 minutes
• Annual call volume: 48,000 calls

Plataformas de serviço financeiro de terceiros

Plataforma	Status de integração	Volume de transação
Zelle	Totalmente integrado	22.500 transações/mês
Apple Pay	Parcialmente integrado	8.750 transações/mês
Google Pay	Parcialmente integrado	6.250 transações/mês

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: segmentos de clientes

Proprietários de pequenas empresas locais

A partir de 2024, o Richmond Mutual Bancorporation alvoa as pequenas empresas locais com perfis financeiros específicos:

Segmento de negócios	Número de negócios	Tamanho médio do empréstimo
Negócios de varejo	237	$125,000
Provedores de serviços	189	$87,500
Serviços profissionais	142	$156,000

Consumidores individuais na região de Richmond

Aparelhamento demográfico do consumidor:

• Total de clientes bancários individuais: 14.623
• Faixa etária: 25-65 anos
• Renda familiar média: US $ 68.400

Famílias de renda média

Características financeiras específicas:

Faixa de renda	Número de famílias	Depósito médio
$45,000 - $75,000	3,876	$22,500
$75,001 - $110,000	2,541	$37,800

Empresários locais

Detalhes do segmento empreendedor:

• Total de clientes empreendedores: 412
• Empréstimos de negócios de inicialização emitidos: 87
• Valor médio de empréstimo de inicialização: US $ 65.000

Organizações comunitárias

Cliente organizacional profile:

Tipo de organização	Número de organizações	Volume bancário total
Organização sem fins lucrativos	53	US $ 4,2 milhões
Associações comunitárias	37	US $ 1,8 milhão
Instituições educacionais	22	US $ 3,5 milhões

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: estrutura de custos

Compensação e benefícios dos funcionários

Para o ano fiscal de 2023, a Richmond Mutual Bancorporation registrou despesas totais de remuneração de funcionários de US $ 4.236.000.

Categoria de despesa	Valor ($)
Salários da base	2,845,000
Seguro de saúde	612,000
Benefícios de aposentadoria	379,000
Bônus de desempenho	400,000

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia para 2023 totalizaram US $ 1.872.000.

• Manutenção do sistema bancário principal: US $ 845.000
• Investimentos de segurança cibernética: US $ 532.000
• Atualizações de hardware: US $ 295.000
• Licenciamento de software: US $ 200.000

Despesas de conformidade regulatória

Os gastos relacionados à conformidade para 2023 foram de US $ 1.245.000.

Área de conformidade	Custo ($)
Taxas legais e de consultoria	675,000
Relatórios e documentação	370,000
Treinamento de conformidade	200,000

Custos operacionais de ramificação

As despesas operacionais totais da filial em 2023 totalizaram US $ 2.156.000.

• Aluguel e utilitários: US $ 892.000
• Manutenção da filial: US $ 456.000
• Suprimentos de escritório: US $ 278.000
• Segurança da filial: US $ 530.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 986.000.

Canal de marketing	Gastos ($)
Marketing digital	412,000
Mídia impressa e tradicional	276,000
Patrocínio da comunidade	198,000
Programas de referência ao cliente	100,000

Richmond Mutual Bancorporation, Inc. (RMBI) - Modelo de negócios: fluxos de receita

Receita de juros de carteiras de empréstimos

A partir do quarto trimestre de 2023, a Richmond Mutual Bancorporation reportou receita total de juros de US $ 8,3 milhões, com a seguinte quebra de carteira de empréstimos:

Tipo de empréstimo	Saldo total de empréstimo	Receita de juros
Empréstimos comerciais	US $ 42,6 milhões	US $ 3,2 milhões
Empréstimos hipotecários residenciais	US $ 67,4 milhões	US $ 3,9 milhões
Empréstimos ao consumidor	US $ 22,1 milhões	US $ 1,2 milhão

Taxas de serviço bancário

As taxas de serviço bancário geraram US $ 1,5 milhão em receita para o ano fiscal de 2023, com a seguinte estrutura de taxas:

• Taxas de transação de conta: US $ 650.000
• Taxas de cheque especial: US $ 425.000
• Taxas de transferência de fio: US $ 225.000
• Taxas de serviço ATM: US $ 200.000

Comissões de produtos de investimento

As comissões de produtos de investimento totalizaram US $ 975.000 em 2023, distribuídos:

Produto de investimento	Receita da Comissão
Vendas de fundos mútuos	$425,000
Gerenciamento de contas de aposentadoria	$350,000
Serviços de gerenciamento de patrimônio	$200,000

Taxas de transação bancária digital

As taxas de transação bancária digital totalizaram US $ 425.000 em 2023, com a seguinte quebra:

• Taxas de pagamento on -line de conta: US $ 175.000
• Taxas de transação bancária móvel: US $ 150.000
• Taxas de transferência digital: US $ 100.000

Taxas de manutenção de conta

As taxas de manutenção de conta geraram US $ 350.000 em receita para o ano fiscal de 2023:

Tipo de conta	Receita de cobrança de manutenção
Contas de verificação	$200,000
Contas de poupança	$100,000
Contas de negócios	$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.