RMBI Richmond Mutual Bancorporation, Inc.

FY2024 10-K
Filed: Mar 27, 2025
Financials
State Commercial BanksSEC EDGAR

Richmond Mutual Bancorporation, Inc. (RMBI) filed its fiscal year 2024 10-K annual report with the SEC on Mar 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

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
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Management Discussion & Analysis

  • No revenue or profitability figures disclosed in MD&A section
  • No segment performance or specific financial metrics provided
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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
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Financial Summary
XBRL

Revenue

$81M

Net Income

$9M

Net Margin

11.6%

ROE

7.1%

Total Assets

$1.5B

EPS (Diluted)

$0.92

Operating Cash Flow

$15M

Source: XBRL data from Richmond Mutual Bancorporation, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.

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