{"product_id":"rmbi-vrio-analysis","title":"Richmond Mutual Bancorporation, Inc. (RMBI): VRIO Analysis [Mar-2026 Updated]","description":"\u003cbr\u003e\u003cp\u003eUnlocking sustainable competitive advantage for Richmond Mutual Bancorporation, Inc. (RMBI) hinges on a critical question: Are its core assets truly Valuable, Rare, Inimitable, and Organized? This VRIO analysis cuts straight to the heart of their market position - discover the surprising strengths and potential weaknesses that define their future success right below.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Core Deposit Base Quality (Low-Cost Funding)\n\u003c\/h2\u003e\n\n\u003cp\u003eYou’re looking at how RMBI’s stable, low-cost funding base stacks up against competitors, especially as the announced merger with The Farmers Bancorp looms. This deposit structure is a key driver of their recent NIM expansion, hitting \u003cstrong\u003e3.07%\u003c\/strong\u003e in the third quarter of 2025. That’s a solid operational advantage right now.\u003c\/p\u003e\n\n\u003ch\u003eValue: Stable, Low-Cost Funding\u003c\/h\u003e\n\u003cp\u003eThe value here is straightforward: cheap money to lend out. RMBI’s noninterest-bearing deposits - money that costs them nothing in interest - stood at \u003cstrong\u003e$110.8 million\u003c\/strong\u003e as of September 30, 2025, representing \u003cstrong\u003e9.9%\u003c\/strong\u003e of their total deposits of \u003cstrong\u003e$1.1 billion\u003c\/strong\u003e. This low-cost funding directly supports their Net Interest Margin (NIM), which improved to \u003cstrong\u003e3.07%\u003c\/strong\u003e in Q3 2025. That’s real money saved compared to relying on more expensive, rate-sensitive funding sources like brokered deposits, which were \u003cstrong\u003e22.2%\u003c\/strong\u003e of total deposits.\u003c\/p\u003e\n\u003cp\u003eHere’s the quick math: Every dollar in noninterest-bearing deposits is a dollar not subject to the \u003cstrong\u003e3.14%\u003c\/strong\u003e average rate paid on interest-bearing deposits in Q3 2025. It’s a foundational strength.\u003c\/p\u003e\n\n\u003ch\u003eRarity: Common for the Niche\u003c\/h\u003e\n\u003cp\u003eWhile valuable, this quality isn't unique in the community bank space. Many established banks in core, relationship-driven markets have a similar bedrock of local, noninterest-bearing accounts. It’s a feature of the business model, not a one-of-a-kind asset. It’s rare to see it absent, but not rare to see it present.\u003c\/p\u003e\n\n\u003ch\u003eImitability: Time and Effort Required\u003c\/h\u003e\n\u003cp\u003eYou can’t buy this overnight. Imitating this base means years of deep community integration, consistent service, and relationship management to keep those operating accounts sticky. Competitors could try to lure these deposits with aggressive pricing, but building that level of trust takes time. It’s costly to replicate the history that underpins these balances.\u003c\/p\u003e\n\n\u003ch\u003eOrganization: Structured for Maintenance\u003c\/h\u003e\n\u003cp\u003eThe bank appears organized to protect this base. The focus from leadership on community ties and relationship banking, even amidst the announced merger, suggests they prioritize retaining these core funds. The fact that noninterest-bearing deposits actually grew slightly from $110.1 million at year-end 2024 to \u003cstrong\u003e$110.8 million\u003c\/strong\u003e in Q3 2025 shows they are effectively managing to hold onto this cheap funding. They are defintely set up to manage this.\u003c\/p\u003e\n\n\u003ch\u003eCompetitive Advantage: Temporary\u003c\/h\u003e\n\u003cp\u003eThe current advantage is \u003cstrong\u003eTemporary Competitive Advantage\u003c\/strong\u003e. It’s a strong operational buffer now, helping NIM, but it’s not a barrier to entry. Well-capitalized rivals can chip away at it. The upcoming merger, creating a \u003cstrong\u003e$2.6 billion\u003c\/strong\u003e asset bank, will change the scale, but the core deposit quality itself remains vulnerable to sustained competitive pressure.\u003c\/p\u003e\n\n\u003cp\u003eHere is a summary of the current VRIO assessment:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eVRIO Dimension\u003c\/td\u003e\n\u003ctd\u003eAssessment\u003c\/td\u003e\n\u003ctd\u003eImplication for RMBI\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eValue\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003eSupports higher NIM (\u003cstrong\u003e3.07%\u003c\/strong\u003e in Q3 2025) with \u003cstrong\u003e$110.8 million\u003c\/strong\u003e in zero-cost funding.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRarity\u003c\/td\u003e\n\u003ctd\u003eNo\u003c\/td\u003e\n\u003ctd\u003eCommon for established community banks in their operating footprint.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImitability\u003c\/td\u003e\n\u003ctd\u003eCostly\/Slow\u003c\/td\u003e\n\u003ctd\u003eRequires significant time and relationship investment to build.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOrganization\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003eManagement focus and recent stability suggest they are organized to maintain it.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompetitive Advantage\u003c\/td\u003e\n\u003ctd\u003eTemporary\u003c\/td\u003e\n\u003ctd\u003eStrong current benefit, but not sustainable long-term without further differentiation.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eTo maximize this, you need to focus on the next steps that solidify the advantage.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eIdentify the top \u003cstrong\u003e50\u003c\/strong\u003e largest noninterest-bearing commercial accounts.\u003c\/li\u003e\n\u003cli\u003eMap relationship manager ownership for each.\u003c\/li\u003e\n\u003cli\u003eDraft a retention plan for the top \u003cstrong\u003e20%\u003c\/strong\u003e of that list by Friday.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Loan Portfolio Scale and Growth Trajectory\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eLoan Portfolio Scale and Growth Trajectory\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eValue: A substantial \u003cstrong\u003e$1.2 billion\u003c\/strong\u003e in net loans and leases as of \u003cstrong\u003eSeptember 30, 2025\u003c\/strong\u003e, showing capacity to deploy capital and generate interest income, with recent growth in commercial segments. The average yield earned on loans and leases reached \u003cstrong\u003e6.63%\u003c\/strong\u003e for the quarter ended \u003cstrong\u003eSeptember 30, 2025\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003eRarity: The scale of \u003cstrong\u003e$1.2 billion\u003c\/strong\u003e in net loans is typical for a bank of its size prior to the announced merger, but the specific mix of commercial\/multi-family growth is specific to their strategy. The total assets as of \u003cstrong\u003eSeptember 30, 2025\u003c\/strong\u003e were \u003cstrong\u003e$1.5 billion\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003eImitability: The size is imitable; the specific underwriting expertise in their local market is harder to copy quickly. The announced strategic merger with The Farmers Bancorp is set to create a premier \u003cstrong\u003e$2.6 billion\u003c\/strong\u003e asset community bank, indicating that scale can be achieved through M\u0026amp;A.\u003c\/p\u003e\n\n\u003cp\u003eOrganization: The increase in provision for credit losses in \u003cstrong\u003eQ1 2025\u003c\/strong\u003e totaled \u003cstrong\u003e$731,000\u003c\/strong\u003e, compared to \u003cstrong\u003e$196,000\u003c\/strong\u003e in Q4 2024, suggesting management is actively monitoring and organizing around this growth, with the provision increasing further to \u003cstrong\u003e$745,000\u003c\/strong\u003e in \u003cstrong\u003eQ2 2025\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Advantage: Temporary. Scale is easily matched by M\u0026amp;A, but disciplined underwriting is a skill that can erode.\u003c\/p\u003e\n\n\u003cp\u003eKey Financial Metrics for Loan Portfolio Context:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eQ3 2025\u003c\/th\u003e\n\u003cth\u003eQ2 2025\u003c\/th\u003e\n\u003cth\u003eQ1 2025\u003c\/th\u003e\n\u003cth\u003eDec 31, 2024\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoans and Leases, Net of ACL\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Assets\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAnnualized Net Interest Margin (NIM)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3.07%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.93%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoan Yield (Average)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e6.63%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e6.51%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e6.36%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe growth in the loan portfolio for the quarter ended \u003cstrong\u003eMarch 31, 2025\u003c\/strong\u003e was driven by specific commercial segments:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eMulti-family loans increased by \u003cstrong\u003e$25.6 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eCommercial mortgage loans increased by \u003cstrong\u003e$15.8 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eCommercial and industrial loans increased by \u003cstrong\u003e$10.2 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThese increases were partially offset by a \u003cstrong\u003e$32.6 million\u003c\/strong\u003e decrease in construction and development loans.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Established Regional Branch Network (Pre-Merger Footprint)\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Provides physical access and local trust across key markets in Central\/East Central Indiana and Western Ohio (13 total locations mentioned, with a detailed breakdown of 8 IN branches, 5 OH branches, and 1 OH LPO). As of December 31, 2021, First Bank Richmond had $1.3 billion in assets.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e The specific footprint across state lines (IN\/OH) is somewhat unique for a bank of this size, offering diversified local exposure. The network covers specific counties including Wayne, Shelby in Indiana, and Shelby, Miami, and Franklin in Ohio.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e High initial cost and time to establish physical presence makes it costly to imitate directly. The bank was originally established in 1887.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e The bank operates this network through First Bank Richmond and its Mutual Federal division. Administrative, trust and wealth management services are conducted through First Bank Richmond's Corporate Office\/Financial Center located in Richmond, Indiana.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained. Physical presence in community banking remains a significant barrier to entry for new players. The combined entity post-merger is projected to be a premier $2.6 billion asset community bank.\u003c\/p\u003e\n\n\u003cp\u003eThe established physical footprint details are summarized below:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eGeographic Area\u003c\/th\u003e\n\u003cth\u003eEntity\/Division\u003c\/th\u003e\n\u003cth\u003eNumber of Full-Service Branches\u003c\/th\u003e\n\u003cth\u003eOther Physical Presence\u003c\/th\u003e\n\u003cth\u003eKey County\/Market\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndiana\u003c\/td\u003e\n\u003ctd\u003eFirst Bank Richmond\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e8\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCorporate Office\/Financial Center in Richmond\u003c\/td\u003e\n\u003ctd\u003eWayne, Shelby\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOhio\u003c\/td\u003e\n\u003ctd\u003eMutual Federal (Division of First Bank Richmond)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e5\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eLoan Production Office in Columbus\u003c\/td\u003e\n\u003ctd\u003eShelby, Miami, Franklin\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe Indiana branch distribution prior to the announced merger included:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eRichmond (Wayne County):\u003c\/strong\u003e \u003cstrong\u003e5\u003c\/strong\u003e offices, representing the largest deposit concentration.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCenterville (Wayne County):\u003c\/strong\u003e \u003cstrong\u003e1\u003c\/strong\u003e office.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCambridge City (Wayne County):\u003c\/strong\u003e \u003cstrong\u003e1\u003c\/strong\u003e office.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShelbyville (Shelby County):\u003c\/strong\u003e \u003cstrong\u003e1\u003c\/strong\u003e office.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eThe Ohio office distribution prior to the announced merger included:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSidney (Shelby County):\u003c\/strong\u003e \u003cstrong\u003e2\u003c\/strong\u003e offices.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePiqua (Miami County):\u003c\/strong\u003e \u003cstrong\u003e2\u003c\/strong\u003e offices.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eTroy (Miami County):\u003c\/strong\u003e \u003cstrong\u003e1\u003c\/strong\u003e office.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eColumbus (Franklin County):\u003c\/strong\u003e \u003cstrong\u003e1\u003c\/strong\u003e Loan Production Office focused on commercial and multi-family real estate lending.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Net Interest Margin (NIM) Improvement\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Improved annualized NIM to \u003cstrong\u003e3.07%\u003c\/strong\u003e in Q3 2025, up from \u003cstrong\u003e2.64%\u003c\/strong\u003e in Q2 2024, directly boosting profitability. Net interest income increased \u003cstrong\u003e19.7%\u003c\/strong\u003e from $9.4 million in Q3 2024 to $11.3 million in Q3 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e In the late 2025 rate environment, improving NIM significantly is a sign of effective asset\/liability management. The Federal Open Market Committee maintained the target range at \u003cstrong\u003e5.25% to 5.50%\u003c\/strong\u003e through much of 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Highly dependent on interest rate movements and specific balance sheet structure, making direct imitation difficult.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e Management’s focus on disciplined decisions and margin improvement is clearly reflected in the results.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary. NIM is highly cyclical and dependent on external rate environments and management’s immediate positioning.\u003c\/p\u003e\n\u003cp\u003eThe NIM improvement is detailed in the following comparative data:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eQ3 2025\u003c\/th\u003e\n\u003cth\u003eQ2 2025\u003c\/th\u003e\n\u003cth\u003eQ3 2024\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAnnualized Net Interest Margin (NIM)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3.07%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.93%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e2.60%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Interest Income (NII)\u003c\/td\u003e\n\u003ctd\u003e$11.3 million\u003c\/td\u003e\n\u003ctd\u003e$10.8 million\u003c\/td\u003e\n\u003ctd\u003e$9.4 million\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAverage Rate Paid on FHLB Borrowings\u003c\/td\u003e\n\u003ctd\u003e4.16%\u003c\/td\u003e\n\u003ctd\u003e4.24%\u003c\/td\u003e\n\u003ctd\u003e4.08%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eKey organizational and operational factors supporting the NIM expansion include:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eNII growth of \u003cstrong\u003e19.7%\u003c\/strong\u003e year-over-year from Q3 2024 to Q3 2025.\u003c\/li\u003e\n\u003cli\u003eThe increase in NIM from Q2 2025 to Q3 2025 was primarily due to increases in the average yield on interest-earning assets, while the rate paid on interest-bearing liabilities decreased slightly.\u003c\/li\u003e\n\u003cli\u003eThe increase in NIM from Q3 2024 to Q3 2025 was due to a \u003cstrong\u003e49 basis point\u003c\/strong\u003e increase in the average interest rate spread and an $8.2 million increase in average net earning assets.\u003c\/li\u003e\n\u003cli\u003eTotal Assets were \u003cstrong\u003e$1.5 billion\u003c\/strong\u003e at September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Strong Capital Position\n\u003c\/h2\u003e\n\u003cp\u003eThe analysis focuses on the quantitative aspects of RMBI's capital strength as of the latest reported figures.\u003c\/p\u003e\n\n\u003ch\u003e\u003ch\u003eValue\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eEquity to assets ratio of \u003cstrong\u003e9.18%\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\u003cp\u003eStockholders' equity was \u003cstrong\u003e$140.0 million\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\u003cp\u003eTotal Assets were stable at \u003cstrong\u003e$1.5 billion\u003c\/strong\u003e as of September 30, 2025.\u003c\/p\u003e\n\u003cp\u003eBook value per share increased to \u003cstrong\u003e$13.43\u003c\/strong\u003e in Q3 2025.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eQ1 2025\u003c\/th\u003e\n\u003cth\u003eQ3 2025\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEquity to Assets Ratio\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e8.60%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e9.18%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStockholders' Equity\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$130.9 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$140.0 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Assets\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.5 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003ch\u003e\u003ch\u003eRarity\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eThe \u003cstrong\u003e9.18%\u003c\/strong\u003e Equity to Assets ratio in Q3 2025 represents a strong capital buffer for a community bank.\u003c\/p\u003e\n\u003cp\u003eTier 1 capital to total assets was reported at \u003cstrong\u003e10.68%\u003c\/strong\u003e at March 31, 2025.\u003c\/p\u003e\n\n\u003ch\u003e\u003ch\u003eImitability\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eCapital accumulation is a function of retained earnings over time.\u003c\/p\u003e\n\u003cp\u003eHistorical share repurchase activity demonstrates capital deployment strategy:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eShares repurchased (inception through May 15, 2024): \u003cstrong\u003e782,840 shares\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eAggregate cost of repurchases (through May 15, 2024): \u003cstrong\u003e$8.8 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eShares repurchased in Q1 2025: \u003cstrong\u003e324,696 shares\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eAverage price per share in Q1 2025: \u003cstrong\u003e$13.04\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003e\u003ch\u003eOrganization\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eThe Board extended the stock repurchase program until June 6, 2025, as of May 16, 2024.\u003c\/p\u003e\n\u003cp\u003eThe company utilized a Rule 10b5-1 plan for repurchases.\u003c\/p\u003e\n\n\u003ch\u003e\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eThe Q3 2025 Equity to Assets ratio of \u003cstrong\u003e9.18%\u003c\/strong\u003e provides a current advantage.\u003c\/p\u003e\n\u003cp\u003eThe merger announcement with The Farmers Bancorp aims to create a premier \u003cstrong\u003e$2.6 billion\u003c\/strong\u003e asset community bank.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Merger-Driven Scale and Accretion Potential\n\u003c\/h2\u003e\n\n\u003ch\u003e\u003ch\u003eValue: The announced merger creates a $2.6 billion asset bank, unlocking higher lending limits and promising 35% EPS accretion for RMBI shareholders.\u003c\/h\u003e\n\u003cp\u003eThe definitive agreement with The Farmers Bancorp (OTCPK: FABP) is valued at approximately \u003cstrong\u003e$82 million\u003c\/strong\u003e in an all-stock transaction. The combination creates a premier community bank with \u003cstrong\u003e$2.6 billion\u003c\/strong\u003e in assets. The transaction is projected to deliver approximately \u003cstrong\u003e35%\u003c\/strong\u003e EPS accretion for Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) shareholders on a run-rate basis, calculated from the annualized results for the three months ended September 30, 2025, following full realization of anticipated cost savings.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCombined Pro Forma Assets\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$2.6 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBranch Network Size\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e24\u003c\/strong\u003e branches\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRMBI Projected EPS Accretion\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e35%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFABP Projected Dividend Accretion\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e27.5%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTransaction Valuation\u003c\/td\u003e\n\u003ctd\u003eApprox. \u003cstrong\u003e$82 million\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003ch\u003e\u003ch\u003eRarity: The successful announcement of a transformational, accretive merger is a rare, high-value event at a specific point in time.\u003c\/h\u003e\n\u003cp\u003eThe merger agreement, unanimously approved by both Boards of Directors, involves an exchange ratio of \u003cstrong\u003e3.40x\u003c\/strong\u003e shares of Richmond Mutual common stock for each outstanding share of Farmers Bancorp common stock. Post-close ownership is structured with existing Richmond Mutual shareholders owning approximately \u003cstrong\u003e62%\u003c\/strong\u003e and Farmers Bancorp shareholders approximately \u003cstrong\u003e38%\u003c\/strong\u003e of the combined entity. The transaction is expected to close early in the second quarter of \u003cstrong\u003e2026\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003ch\u003e\u003ch\u003eImitability: The opportunity to merge is not imitable; the synergies are only realized post-close.\u003c\/h\u003e\n\u003cp\u003eThe transaction terms establish a specific value for Farmers Bancorp common stock at \u003cstrong\u003e$44.71\u003c\/strong\u003e per share, based on RMBI's closing share price of \u003cstrong\u003e$13.15\u003c\/strong\u003e as of November 10, 2025. The agreement includes a termination provision where Farmers Bancorp will pay \u003cstrong\u003e$3.3 million\u003c\/strong\u003e in case of termination.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRMBI Current Market Cap: \u003cstrong\u003e$137.4M\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eRMBI Average Trading Volume: \u003cstrong\u003e18,137\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003e\u003ch\u003eOrganization: The Board and management have successfully negotiated and announced this deal, showing strategic alignment.\u003c\/h\u003e\n\u003cp\u003eThe combined company's Board of Directors will consist of \u003cstrong\u003e11\u003c\/strong\u003e members, with \u003cstrong\u003esix\u003c\/strong\u003e from Richmond Mutual and \u003cstrong\u003efive\u003c\/strong\u003e from Farmers Bancorp. The administrative headquarters for the combined company will be in Richmond, Indiana, while the administrative headquarters for the combined bank will be in Frankfort, Indiana.\u003c\/p\u003e\n\n\u003ch\u003e\u003ch\u003eCompetitive Advantage: Temporary. The advantage is realized only upon closing and successful integration; the value is in the potential.\u003c\/h\u003e\n\u003cp\u003eThe merger is intended to be tax-free for shareholders of Farmers Bancorp. The combined entity gains scale to offer higher lending limits and invest in technology.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Long-Standing Institutional History\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e First Bank Richmond was established in \u003cstrong\u003e1887\u003c\/strong\u003e, lending deep credibility and long-term community trust. This history is quantified by its longevity and community integration metrics.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Over \u003cstrong\u003e138 years\u003c\/strong\u003e of operation (founded in 1887) is extremely rare in the modern financial sector. The growth from initial capital to current scale demonstrates sustained viability.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Impossible to imitate; it is path-dependent and built over generations. The accumulated goodwill and local knowledge cannot be replicated through acquisition or new entry.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e This history informs the conservative, steady approach mentioned by the CEO. Operational scale and community embeddedness reflect this long tenure.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained. This deep-rooted trust is the bedrock of community banking relationships, evidenced by consistent community support and operational scale.\u003c\/p\u003e\n\n\u003cp\u003eThe evolution of First Bank Richmond, the primary subsidiary of RMBI, illustrates the tangible results of this long-standing history:\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eFounding (1887)\u003c\/th\u003e\n\u003cth\u003eAs of 2021\/2022\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eInstitution Name Origin\u003c\/td\u003e\n\u003ctd\u003eRichmond Loan \u0026amp; Savings Association\u003c\/td\u003e\n\u003ctd\u003eFirst Bank Richmond (Division: Mutual Federal in Ohio)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsset Size\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5,050.62\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e$1.2\u003c\/strong\u003e billion (as of 2022) or \u003cstrong\u003e$1.33\u003c\/strong\u003e billion (RMBI consolidated as of Dec 31, 2022)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGeographic Footprint\u003c\/td\u003e\n\u003ctd\u003eOne location\u003c\/td\u003e\n\u003ctd\u003eEight branches in Indiana and five branches and one loan production office in Ohio\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmployees\u003c\/td\u003e\n\u003ctd\u003eFour employees\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e175\u003c\/strong\u003e employees (as of 2022)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe commitment to the community, a direct outgrowth of this history, is reflected in measurable annual contributions and staff engagement:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFinancial support pledged through contributions and event sponsorships in 2021 exceeded \u003cstrong\u003e$576,000\u003c\/strong\u003e to local not-for-profit organizations.\u003c\/li\u003e\n\u003cli\u003eIn 2021, \u003cstrong\u003e60%\u003c\/strong\u003e of staff served on a board or a committee.\u003c\/li\u003e\n\u003cli\u003eRMBI reported consolidated Net Income of \u003cstrong\u003e$11.1 million\u003c\/strong\u003e for the year ended December 31, 2021.\u003c\/li\u003e\n\u003cli\u003eRMBI Total Assets were \u003cstrong\u003e$1.3\u003c\/strong\u003e billion at December 31, 2021.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Disciplined Credit Underwriting Culture\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue: The CEO repeatedly cites sound credit practices as a core strength, leading to manageable credit loss provisions relative to loan growth.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe focus on sound credit practices is evidenced by relatively low provisions for credit losses, even as the loan portfolio has grown and the economic environment has presented challenges.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCredit Metric\u003c\/th\u003e\n\u003cth\u003eQ3 2025 (Sept 30)\u003c\/th\u003e\n\u003cth\u003eQ2 2025\u003c\/th\u003e\n\u003cth\u003eQ4 2024 (Dec 31)\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eProvision for Credit Losses (PCL)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$269,000\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$745,000\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$196,000\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAllowance for Credit Losses (ACL) as % of Total Loans\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e1.37%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e1.37%\u003c\/td\u003e\n\u003ctd\u003e1.34%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNonperforming Loans (NPL) as % of Total Loans\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e0.90%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e(Increased from $8.1M in prior quarter)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e0.58%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLoans and Leases, Net of ACL\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e$1.2 billion\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.2 billion\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe CEO, Garry Kleer, emphasized staying focused on 'making thoughtful decisions that build long-term value for our shareholders' amidst economic uncertainty in Q3 2025.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity: While all banks aim for this, consistently sound underwriting in a volatile economic period (late 2025) is rare.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe ability to maintain low credit loss provisions during periods of economic uncertainty, as seen in the low Q3 2025 provision of \u003cstrong\u003e$269,000\u003c\/strong\u003e, suggests a rare consistency compared to broader industry concerns about credit issues.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eProvisions for the first half of 2025 totaled only \u003cstrong\u003e$1.5 million\u003c\/strong\u003e, indicating a conservative stance.\u003c\/li\u003e\n\u003cli\u003eThe NPL ratio remained relatively low at \u003cstrong\u003e0.90%\u003c\/strong\u003e as of September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eImitability: Imitating the culture and institutional memory behind underwriting decisions is very difficult.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe CEO's reference to a 'steady approach [that] has guided us for generations' implies a deep-seated, historical cultural element that is not easily replicated by new management or competitors.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization: It is embedded in the management philosophy and operational review process.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe consistent reporting and management of credit metrics demonstrate that credit discipline is integrated into the operational framework.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe Tier 1 capital to total assets ratio was \u003cstrong\u003e10.85%\u003c\/strong\u003e at September 30, 2025, well in excess of regulatory requirements, suggesting strong capital backing for the loan portfolio.\u003c\/li\u003e\n\u003cli\u003eThe Allowance for Credit Losses was maintained at \u003cstrong\u003e1.37%\u003c\/strong\u003e of total loans and leases as of September 30, 2025.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage: Sustained. A deeply ingrained, risk-averse culture is hard for new management or competitors to replicate.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe sustained low NPL ratio of \u003cstrong\u003e0.58%\u003c\/strong\u003e at the end of 2024, followed by a manageable NPL ratio of \u003cstrong\u003e0.90%\u003c\/strong\u003e in Q3 2025 despite some quarterly fluctuation in nonperforming assets, points to a sustained advantage derived from culture over mere policy changes.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eRichmond Mutual Bancorporation, Inc. (RMBI) - VRIO Analysis: Consistent Shareholder Return Policy\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Demonstrated commitment via a recent dividend increase to \u003cstrong\u003e$0.15\u003c\/strong\u003e per share (a \u003cstrong\u003e7%\u003c\/strong\u003e increase in February 2025), signaling confidence. The latest declared dividend was \u003cstrong\u003e$0.15\u003c\/strong\u003e per share on \u003cstrong\u003eNovember 19, 2025\u003c\/strong\u003e, with an Ex\/EFF Date of \u003cstrong\u003e12\/04\/2025\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e A reliable, growing dividend stream attracts a specific class of long-term investor. The 1-Year Dividend Growth rate stands at \u003cstrong\u003e7.14%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Competitors can match the dividend amount, but replicating the history of consistent returns is harder. The 5-Year Average Dividends Per Share Growth Rate is \u003cstrong\u003e24.57%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e The Board actively manages this, as seen in the \u003cstrong\u003eNovember 2025\u003c\/strong\u003e dividend declaration. The Payout Ratio for the period ending with the latest reported dividend is \u003cstrong\u003e56.65%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary. The current yield and amount are imitable, but the reliability is a function of sustained performance. The TTM Annual Dividend is \u003cstrong\u003e$0.60\u003c\/strong\u003e per share, resulting in a Dividend Yield of \u003cstrong\u003e4.28%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003cth\u003ePeriod\/Date Reference\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLatest Quarterly Dividend Amount\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.15\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eDeclared November 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrevious Quarterly Dividend Amount\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.14\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003ePrior to February 2025 Increase\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eQuarterly Increase Percentage\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eFebruary 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTrailing Twelve Months (TTM) Annual Dividend\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.60\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of December 2025 data\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend Yield (TTM)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e4.28%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAs of December 2025 data\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e1-Year Dividend Growth Rate\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e7.14%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eReported\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eSupporting Financial Data:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eLast recorded Dividend Per Share amount: \u003cstrong\u003e$0.150\u003c\/strong\u003e, paid on \u003cstrong\u003eSeptember 18, 2025\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eEarnings Per Share (EPS): \u003cstrong\u003e$1.06\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eReturn on Equity (ROE): \u003cstrong\u003e6.53%\u003c\/strong\u003e (Reported Metric).\u003c\/li\u003e\n\u003cli\u003eThe company's stock trades on NASDAQ under the symbol \u003cstrong\u003eRMBI\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eThe company's P\/E Ratio is \u003cstrong\u003e13.23\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/h\u003e\u003c\/h\u003e\u003c\/h\u003e\u003c\/h\u003e\u003c\/h\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":45516242387093,"sku":"rmbi-vrio-analysis","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/rmbi-vrio-analysis.png?v=1740211362","url":"https:\/\/dcf-model.com\/products\/rmbi-vrio-analysis","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}