Richmond Mutual Bancorporation, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
RMBI$15.82+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited) for the
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net income | $2,785,291 | $1,968,310 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Provision for credit losses | 693,094 | 731,095 |
| Depreciation and amortization | 223,805 | 219,488 |
| Deferred income tax | 2 | (117,847) |
| Stock based compensation | 87,493 | 363,459 |
| Investment securities amortization, net | 192,211 | 198,201 |
| Net gains on loan and lease sales | (173,072) | (95,105) |
| Accretion of loan origination fees | (211,704) | (211,416) |
| Amortization of mortgage-servicing rights | 63,807 | 49,954 |
| ESOP shares expense | 187,751 | 178,483 |
| Increase in cash surrender value of life insurance | (24,728) | (23,057) |
| Loans originated for sale | (7,382,576) | (5,256,050) |
| Proceeds on loans sold | 7,389,576 | 4,551,455 |
| Net change in | ||
| Interest receivable | 124,805 | (29,804) |
| Other assets | 122,873 | 658,752 |
| Other liabilities | (497,999) | 124,235 |
| Interest payable | (795,059) | (1,129,473) |
| Net cash provided by operating activities | 2,785,570 | 2,180,680 |
| Investing Activities | ||
| Net change in interest-bearing time deposits | (750,000) | — |
| Purchases of securities available for sale | (955,025) | (1,025,982) |
| Proceeds from maturities and paydowns of securities available for sale | 4,037,098 | 4,534,320 |
| Proceeds from maturities and paydowns of securities held to maturity | 395,000 | 565,159 |
| Net change in loans | 2,311,524 | (16,039,372) |
| Proceeds from sales of real estate owned | 43,502 | — |
| Purchases of premises and equipment | (324,561) | (75,973) |
| Net cash provided by (used in) investing activities | 4,757,538 | (12,041,848) |
| Financing Activities | ||
| Net change in | ||
| Demand and savings deposits | 4,832,914 | 256,508 |
| Certificates of deposit | (13,360,813) | 11,465,940 |
| Advances by borrowers for taxes and insurance | 117,488 | 139,959 |
| Repayment of other borrowings | (12,000,000) | — |
| Proceeds from FHLB advances | 73,000,000 | 112,000,000 |
| Repayment of FHLB advances | (57,000,000) | (103,000,000) |
| Repurchase of common stock | — | (4,233,622) |
| Dividends paid | (1,464,950) | (1,492,715) |
| Net cash (used in) provided by financing activities | (5,875,361) | 15,136,070 |
| Net Change in Cash and Cash Equivalents | 1,667,747 | 5,274,902 |
| Cash and Cash Equivalents, Beginning of Period | 33,130,494 | 21,757,190 |
| Cash and Cash Equivalents, End of Period | $34,798,241 | $27,032,092 |
| Additional Cash Flows and Supplementary Information | ||
| Interest paid | $10,511,037 | $11,739,428 |
| Transfers from loans to other real estate owned | — | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.