Richmond Mutual Bancorporation Inc
Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services in Cambridge City. It accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. The company also offers a range of lending products, such as multi-family and commercial real estate … Read more
Richmond Mutual Bancorporation Inc (RMBI) - Net Assets
Latest net assets as of December 2025: $264.14 Million USD
Based on the latest financial reports, Richmond Mutual Bancorporation Inc (RMBI) has net assets worth $264.14 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.52 Billion) and total liabilities ($1.26 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $264.14 Million |
| % of Total Assets | 17.32% |
| Annual Growth Rate | 7.18% |
| 5-Year Change | -31.05% |
| 10-Year Change | N/A |
| Growth Volatility | 44.13 |
Richmond Mutual Bancorporation Inc - Net Assets Trend (2017–2024)
This chart illustrates how Richmond Mutual Bancorporation Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Richmond Mutual Bancorporation Inc (2017–2024)
The table below shows the annual net assets of Richmond Mutual Bancorporation Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $132.87 Million | -1.47% |
| 2023-12-31 | $134.86 Million | +1.87% |
| 2022-12-31 | $132.38 Million | -26.65% |
| 2021-12-31 | $180.48 Million | -6.35% |
| 2020-12-31 | $192.71 Million | +2.62% |
| 2019-12-31 | $187.79 Million | +118.73% |
| 2018-12-31 | $85.85 Million | +4.96% |
| 2017-12-31 | $81.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Richmond Mutual Bancorporation Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $91.58 Million | 68.93% |
| Common Stock | $108.15K | 0.08% |
| Other Comprehensive Income | $-45.81 Million | -34.47% |
| Other Components | $86.99 Million | 65.47% |
| Total Equity | $132.87 Million | 100.00% |
Richmond Mutual Bancorporation Inc Competitors by Market Cap
The table below lists competitors of Richmond Mutual Bancorporation Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UNIFIEDPOST GRP S.A./N.V.
F:60Z
|
$97.49 Million |
|
5EV0
F:5EV0
|
$97.49 Million |
|
Colonial Coal International Corp
PINK:CCARF
|
$97.60 Million |
|
Temapol Polimer Plastik ve Insaat Sanayi Ticaret AS
IS:TMPOL
|
$97.61 Million |
|
HEXAOM S.A. EO -18
F:88M
|
$97.48 Million |
|
Husteel
KO:005010
|
$97.43 Million |
|
Japan Display Inc
PINK:JNNDF
|
$97.39 Million |
|
A Plus Asset Advisor Co Ltd
KO:244920
|
$97.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Richmond Mutual Bancorporation Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 134,860,000 to 132,871,760, a change of -1,988,240 (-1.5%).
- Net income of 9,377,348 contributed positively to equity growth.
- Dividend payments of 5,697,109 reduced retained earnings.
- Share repurchases of 5,041,976 reduced equity.
- Other comprehensive income decreased equity by 2,761,197.
- Other factors increased equity by 2,134,694.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.38 Million | +7.06% |
| Dividends Paid | $5.70 Million | -4.29% |
| Share Repurchases | $5.04 Million | -3.79% |
| Other Comprehensive Income | $-2.76 Million | -2.08% |
| Other Changes | $2.13 Million | +1.61% |
| Total Change | $- | -1.47% |
Book Value vs Market Value Analysis
This analysis compares Richmond Mutual Bancorporation Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.12x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $6.28 | $13.29 | x |
| 2018-12-31 | $6.59 | $13.29 | x |
| 2019-12-31 | $15.07 | $13.29 | x |
| 2020-12-31 | $15.69 | $13.29 | x |
| 2021-12-31 | $15.52 | $13.29 | x |
| 2022-12-31 | $11.97 | $13.29 | x |
| 2023-12-31 | $12.90 | $13.29 | x |
| 2024-12-31 | $12.99 | $13.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Richmond Mutual Bancorporation Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.03%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 11.33x
- Recent ROE (7.06%) is above the historical average (4.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.32% | 8.22% | 0.04x | 9.21x | $-5.46 Million |
| 2018 | 6.61% | 14.42% | 0.05x | 9.90x | $-2.91 Million |
| 2019 | -7.50% | -31.13% | 0.05x | 5.25x | $-32.86 Million |
| 2020 | 5.20% | 20.22% | 0.05x | 5.63x | $-9.25 Million |
| 2021 | 6.18% | 21.76% | 0.04x | 7.02x | $-6.90 Million |
| 2022 | 9.79% | 22.91% | 0.04x | 10.03x | $-273.46K |
| 2023 | 7.03% | 13.21% | 0.05x | 10.83x | $-4.00 Million |
| 2024 | 7.06% | 11.03% | 0.06x | 11.33x | $-3.91 Million |
Industry Comparison
This section compares Richmond Mutual Bancorporation Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Richmond Mutual Bancorporation Inc (RMBI) | $264.14 Million | 3.32% | 4.77x | $97.48 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |