Richmond Mutual Bancorporation, Inc. (RMBI) FY2024 10-K Annual Report
Richmond Mutual Bancorporation, Inc. (RMBI) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Richmond Mutual Bancorporation, Inc. FY2024 10-K Analysis
Business Overview
- • Core business model: Regional banking and financial services through Richmond Mutual Bancorporation, Inc.
- • No new products, services, or segments introduced or emphasized in this year’s filing
Management Discussion & Analysis
- • No revenue or profitability figures disclosed in MD&A section
- • No segment performance or specific financial metrics provided
Risk Factors
- • Regulatory risk: Maintaining risk-based capital ratio 14.2% above 10.0% well-capitalized threshold per federal banking regulations
- • Macroeconomic risk: $1.2 billion loan portfolio concentrated in owner-occupied residential real estate mortgages exposed to housing market downturns
Richmond Mutual Bancorporation, Inc. FY2024 Key Financial MetricsXBRL
Revenue
$81M
▲ +19.5% YoY
Net Income
$9M
▼ -1.2% YoY
Net Margin
11.6%
▼ -243bp YoY
ROE
7.1%
▲ +2bp YoY
Total Assets
$1.5B
▲ +3.0% YoY
EPS (Diluted)
$0.92
▲ +1.1% YoY
Operating Cash Flow
$15M
▲ +21.8% YoY
Source: XBRL data from Richmond Mutual Bancorporation, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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