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Richmond Mutual Bancorporation, Inc. (RMBI) announced that its Board of Directors has declared a cash dividend of $0.15 per share on its common stock. The dividend is payable on September 17, 2026 to stockholders of record as of the close of business on September 3, 2026.
Chairman and CEO Garry Kleer stated that, following the successful completion of the merger with The Farmers Bancorp, the company is pleased to continue its quarterly cash dividend and remains focused on preserving capital and maintaining a strong financial foundation while providing consistent value to shareholders.
Richmond Mutual Bancorporation, Inc. reported stronger results for the six months ended June 30, 2026. Net income was $5.0 million, up from $4.6 million a year earlier, and basic EPS rose to $0.52 from $0.47. Net interest income for the period increased to $23.5 million from $21.0 million as interest expense declined despite a higher-rate environment. Total assets reached $1.55 billion, with loans and leases, net, at $1.21 billion and deposits at $1.15 billion.
Asset quality remained controlled: nonaccrual loans and leases were $20.0 million, and the allowance for credit losses on loans and leases was $17.0 million, modestly higher than year-end 2025. The bank’s total risk-based capital ratio was 14.24%, above the 10.0% well-capitalized threshold. Richmond Mutual completed its all-stock acquisition of The Farmers Bancorp on July 1, 2026, issuing 6,254,358 shares for consideration of about $99.3 million; Farmers’ results will be consolidated starting in the third quarter. The company incurred $1.9 million of merger-related expenses in the quarter, temporarily pressuring earnings.
Richmond Mutual Bancorporation, Inc. filed an amended report to add full historical and pro forma financial information for its completed stock merger with The Farmers Bancorp of Frankfort, Indiana. Earlier filings had already reported closing of the merger on July 1, 2026 and related board committee matters; this amendment focuses on the required financial statements.
Farmers Bancorp reported total assets of $1.13 billion and total deposits of $919.6 million as of March 31, 2026, with net loans of $782.7 million. For the nine months ended March 31, 2026 it generated net interest income of $26.9 million, net income of $7.8 million, and basic earnings per share of $4.24, up from $3.77 a year earlier. Credit quality data, loan segmentation and allowance for credit losses are provided in detail.
Pro forma information shows a combined company with $2.65 billion in assets as of March 31, 2026. The merger was structured as an all‑stock transaction in which each Farmers Bancorp share was converted into 3.40 Richmond Mutual shares, resulting in issuance of approximately 6.25 million shares and an estimated total consideration of about $100.2 million.
Richmond Mutual Bancorporation director Jeffrey A. Jackson purchased 2,500 shares of common stock on 2026-08-10 at $15.9177 per share in an open-market or private transaction. Following this buy, he reported 49,125 common shares held directly, 18,000 shares held indirectly through his spouse’s IRA, and a fully exercisable right to buy 40,580 additional common shares at $10.53 per share expiring on 2030-10-01.
Richmond Mutual Bancorporation, Inc. reported second quarter 2026 net income of $2.2 million, or diluted EPS of $0.22, down from $2.8 million, or $0.28, in the prior quarter and $2.6 million, or $0.26, a year earlier. Results were reduced by $1.9 million of nonrecurring merger-related expenses and a higher provision for credit losses.
Core performance strengthened. Net interest income rose to $12.1 million, with annualized net interest margin expanding to 3.22% from 3.10% in the first quarter and 2.93% in the prior-year quarter. Noninterest income grew to $1.6 million, helped by higher wealth management fees and the absence of prior-year securities losses.
At June 30, 2026, assets were $1.6 billion, loans and leases $1.2 billion, and deposits $1.1 billion. Nonperforming loans and leases increased to $21.8 million, or 1.78% of total loans and leases, while the allowance for credit losses was $17.0 million, or 1.39%. Stockholders’ equity was $148.3 million, with book value per share of $14.11 and the Bank’s Tier 1 leverage capital ratio at 10.90%. On July 1, 2026, the company completed its merger with The Farmers Bancorp; Farmers’ results will be included beginning in the third quarter.
Richmond Mutual Bancorporation, Inc. filed an amendment to its July 1, 2026 current report to expand disclosure about board committee assignments following completion of its merger with The Farmers Bancorp. The amendment reiterates that Christopher D. Cook, Thomas D. Crawford, Barbara A. Cutillo, Daniel J. Lahrman, and James D. Moore joined the board in connection with that merger.
Effective July 15, 2026, the board assigned Ms. Cutillo and Messrs. Crawford and Moore to the Audit Committee; Ms. Cutillo and Messrs. Crawford and Lahrman to the Compensation Committee; and Messrs. Moore and Lahrman to the Corporate Governance and Nominating Committee. The company states that no other disclosures from the earlier report are revised beyond these committee details.
Richmond Mutual Bancorporation, Inc. director James Dalton Moore reported acquiring Richmond Mutual common stock in connection with the merger with The Farmers Bancorp. On July 1, 2026, he received 60,669 shares directly and additional blocks of 6,800, 4,039, and 3,400 shares held indirectly through a family trust and his spouse.
According to the merger terms, each Farmers share was converted into 3.40 Richmond Mutual shares, so no cash purchase price was paid for these shares. Some of the reported securities are held by an irrevocable trust where Moore serves as trustee; he receives 50% of the trust income and disclaims beneficial ownership beyond his pecuniary interest.
Richmond Mutual Bancorporation, Inc. director James Dalton Moore filed an initial Form 3 reporting his ownership position in the company’s Common Stock. The filing shows that he holds 0 shares of Common Stock following the reported date, indicating no current beneficial ownership reported in this form.
Richmond Mutual Bancorporation, Inc. director and President Christopher D. Cook acquired 26,186 shares of common stock on July 1, 2026. The shares were received in exchange for The Farmers Bancorp stock in a merger at a 3.40-to-1 ratio, with no cash paid, bringing his direct holdings to 26,186 shares.
Richmond Mutual Bancorporation, Inc. director Christopher D. Cook filed an initial ownership report on Form 3. The filing shows he holds no shares of Common Stock directly as of the reporting date, establishing a baseline of zero reported ownership.