Richmond Mutual Bancorporation, Inc.

Third Quarter Performance Highlights

•Net interest income increased by $10.8 million, or 89.2%, to $22.8 million for the three months ended September 30, 2026, from $12.1 million for the quarter ended June 30, 2026. Net interest income increased by $11.6 million, or 102.3%, from $11.3 million for the comparable quarter in 2025.

•Annualized net interest margin was 3.68% for the current quarter, compared to 3.22% in the prior quarter and 3.07% for the comparable quarter in 2025.

•A provision for credit losses of $6.1 million was recorded for the quarter ended September 30, 2026, compared to $823,000 and $269,000 for the quarters ended June 30, 2026 and September 30, 2025, respectively.

•Noninterest income increased $3.0 million to $4.6 million for the three months ended September 30, 2026, compared to $1.6 million for the quarter ended June 30, 2026, and increased $3.3 million from $1.3 million for the comparable quarter in 2025.

•Noninterest expense increased $9.8 million to $20.0 million for the three months ended September 30, 2026, which included $3.0 million in nonrecurring merger-related expenses, compared to $10.2 million for the quarter ended June 30, 2026, and increased $11.9 million from $8.1 million for the comparable quarter in 2025.

•Assets totaled $2.60 billion at September 30, 2026, compared to $1.55 billion at June 30, 2026 and $1.53 billion at December 31, 2025.

•Loans and leases, net of allowance for credit losses, totaled $2.00 billion at September 30, 2026, compared to $1.21 billion at June 30, 2026, and $1.18 billion at December 31, 2025.

•Non-performing loans and leases totaled $32.2 million, or 1.59% of total loans and leases, at September 30, 2026, compared to $21.8 million, or 1.78%, at June 30, 2026, and $17.4 million, or 1.46%, at December 31, 2025.

•The allowance for credit losses totaled $25.4 million, or 1.25% of total loans and leases outstanding, at September 30, 2026, compared to $17.0 million, or 1.39%, at June 30, 2026, and $16.5 million, or 1.38%, at December 31, 2025.

•Deposits totaled $2.09 billion at September 30, 2026 compared to $1.15 billion at June 30, 2026, and $1.11 billion at December 31, 2025. At September 30, 2026, noninterest-bearing deposits totaled $351.4 million, or 16.9% of total deposits, compared to $100.1 million, or 8.7% of total deposits at June 30, 2026, and $100.1 million, or 9.0% of total deposits at December 31, 2025.

•Stockholders’ equity totaled $228.9 million at September 30, 2026, compared to $148.3 million at June 30, 2026, and $145.8 million at December 31, 2025. The Company’s equity to assets ratio was 8.81% at September 30, 2026.

•Book value per share was $13.66 at September 30, 2026, compared to $14.11 at June 30, 2026 and $13.88 per share at December 31, 2025.

•The Bank’s Tier 1 leverage ratio was 9.99% at September 30, 2026, well in excess of the 8.0% CBLR requirement.

•Effective September 30, 2026, the Bank elected to begin reporting its regulatory capital status through the Community Bank Leverage Ratio framework. Under the CBLR framework, qualifying institutions that maintain a leverage ratio of greater than 8.0% are deemed to satisfy applicable regulatory capital requirements and are no longer required to calculate risk-based capital ratios for regulatory reporting purposes.