UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-38956 RICHMOND MUTUAL BANCORPORATION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-38956 RICHMOND MUTUAL BANCORPORATION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-38956 RICHMOND MUTUAL BANCORPORATION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ COMMISSION FILE NUMBER 001-38956 Richmond Mutual Bancorporation, Inc. (Exact Name of Registrant as Specified in its Charter) | Maryland | 36-4926041 | | -- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ (Registrant's telephone number, including area code) None (Former name, former address and former fiscal year, if changed since last report) Commission file num ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-38956 RICHMOND MUTUAL BANCORPORATION, INC. (Exact name of registrant as specified in its charter) Maryland 36-4926041 (State or other jur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Maryland 36-4926041 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification No.) For the quarterly period ended March 31, 2022 31 North 9th Street, Richmond, Indiana 47374 o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ COMMISSION FILE NUMBER 001-38956 Richmond Mutual Bancorporation, Inc. (Exact Name of Registrant as Specified in its Charter) | Maryland | 36-4926041 | | -- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 RICHMOND MUTUAL BANCORPORATION, INC. (Exact name of registrant as specified in its charter) Maryland 36-4926041 (State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification No.) 31 North 9th Street, Richmond, Indiana 47374 (Address of principal executive offices; Zip Code) (765) 962-2581 For the quarterly perio ...

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Richmond Mutual Bancorporation, Inc. as of June 30, 2021, and for the three and six-month periods then ended, along with detailed notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew to $1.19 billion at June 30, 2021, from $1.08 billion at December 31, 2020, driven by increases in investment securities and net loans, funded by a significant rise in total deposits Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2021 (Unaudited) | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$1,188,480** | **$1,084,193** | | Cash and cash equivalents | $17,087 | $48,768 | | Investment securities | $339,630 | $256,730 | | Loans and leases, net | $785,339 | $734,413 | | **Total Liabilities** | **$1,005,911** | **$891,480** | | Total deposits | $793,070 | $693,045 | | Federal Home Loan Bank advances | $189,000 | $170,000 | | **Total Stockholders' Equity** | **$182,569** | **$192,713** | [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For the six months ended June 30, 2021, net income increased to $5.34 million from $4.96 million in the prior year period, driven by higher net interest income and a lower provision for loan losses Key Income Statement Data (Unaudited, in thousands except per share data) | Metric | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $8,925 | $8,024 | $17,689 | $15,911 | | Provision for losses on loans | $530 | $1,320 | $930 | $1,530 | | Noninterest Income | $1,905 | $2,083 | $3,672 | $3,036 | | Noninterest Expenses | $6,879 | $5,648 | $13,857 | $11,171 | | **Net Income** | **$2,781** | **$2,506** | **$5,344** | **$4,958** | | **Basic EPS** | **$0.24** | **$0.20** | **$0.46** | **$0.40** | | **Diluted EPS** | **$0.24** | **$0.20** | **$0.45** | **$0.40** | [Condensed Consolidated Statements of Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income for the six months ended June 30, 2021, was $3.30 million, a significant decrease from $8.64 million in the same period of 2020, primarily due to a net unrealized loss on available-for-sale securities Comprehensive Income Summary (Unaudited, in thousands) | Metric | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $2,781 | $2,506 | $5,344 | $4,958 | | Other Comprehensive Income (Loss) | $1,614 | $914 | $(2,046) | $3,684 | | **Comprehensive Income** | **$4,396** | **$3,420** | **$3,298** | **$8,642** | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity) Stockholders' equity decreased from $192.7 million at the end of 2020 to $182.6 million at June 30, 2021, primarily due to common stock repurchases and dividends paid - Key activities impacting stockholders' equity in the first six months of 2021 included net income of **$5.3 million**, other comprehensive loss of **$2.0 million**, common stock dividends of **$7.7 million** (including a **$0.50** special dividend), and common stock repurchases of **$7.2 million**[19](index=19&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2021, cash and cash equivalents decreased by $31.7 million, primarily due to cash used in investing activities, offset by financing activities Net Cash Flow Summary (Unaudited, in thousands) | Activity | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(2,495) | $7,455 | | Net cash used in investing activities | $(133,369) | $(84,687) | | Net cash provided by financing activities | $104,183 | $147,242 | | **Net Change in Cash and Cash Equivalents** | **$(31,681)** | **$70,010** | [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of the financial statements, covering accounting policies, portfolio compositions, credit quality, and fair value measurements - Under the CARES Act, the company provided loan modifications to customers, with **six loans totaling $2.5 million** outstanding as of June 30, 2021[35](index=35&type=chunk) - The company originated approximately **$103.1 million** in Paycheck Protection Program (PPP) loans, with **$34.6 million** outstanding as of June 30, 2021[36](index=36&type=chunk) - The company, as an emerging growth company, will comply with the new credit loss standard (ASU 2016-13) for fiscal years beginning after December 15, 2022[37](index=37&type=chunk)[40](index=40&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, asset growth, loan and deposit trends, and the impact of the COVID-19 pandemic, confirming strong liquidity and capital resources [Comparison of Financial Condition (June 30, 2021 vs. December 31, 2020)](index=44&type=section&id=Comparison%20of%20Financial%20Condition) Total assets increased by 9.6% to $1.2 billion, driven by growth in net loans and investment securities, funded by a rise in deposits, while stockholders' equity decreased - Total assets increased by **$104.3 million (9.6%)** to **$1.2 billion** at June 30, 2021[156](index=156&type=chunk) - Net loans and leases grew by **$50.9 million (6.9%)**, primarily in multi-family and construction loans[157](index=157&type=chunk) - Total deposits increased by **$100.0 million (14.4%)**, attributed to changes in customer savings habits and government stimulus[163](index=163&type=chunk) - Nonperforming loans increased to **$7.7 million (0.97% of total loans)** from **$4.8 million (0.65%)**, primarily due to a single **$4.9 million** non-accruing commercial real estate loan[158](index=158&type=chunk) [Comparison of Results of Operations for the Three Months Ended June 30, 2021 and 2020](index=46&type=section&id=Comparison%20of%20Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202021%20and%202020) Net income for Q2 2021 increased to $2.8 million, driven by higher net interest income and a lower provision for loan losses, despite increased noninterest expenses Q2 2021 vs Q2 2020 Performance | Metric | Q2 2021 | Q2 2020 | Change | | :--- | :--- | :--- | :--- | | Net Income | $2.8M | $2.5M | +$0.3M | | Diluted EPS | $0.24 | $0.20 | +$0.04 | | Net Interest Income | $8.9M | $8.0M | +11.2% | | Provision for Loan Losses | $0.53M | $1.3M | -59.8% | | Noninterest Income | $1.9M | $2.1M | -8.5% | | Noninterest Expense | $6.9M | $5.6M | +21.8% | - Net interest margin increased to **3.18%** for Q2 2021 from **3.03%** in Q2 2020, benefiting from a **25 basis point** increase in the net interest rate spread[171](index=171&type=chunk) [Comparison of Results of Operations for the Six Months Ended June 30, 2021 and 2020](index=49&type=section&id=Comparison%20of%20Results%20of%20Operations%20for%20the%20Six%20Months%20Ended%20June%2030%2C%202021%20and%202020) For the first half of 2021, net income rose to $5.3 million, supported by increased net interest income and a reduced provision for loan losses, despite higher noninterest expenses H1 2021 vs H1 2020 Performance | Metric | H1 2021 | H1 2020 | Change | | :--- | :--- | :--- | :--- | | Net Income | $5.3M | $5.0M | +$0.3M | | Diluted EPS | $0.45 | $0.40 | +$0.05 | | Net Interest Income | $17.7M | $15.9M | +11.2% | | Provision for Loan Losses | $0.93M | $1.5M | -39.2% | | Noninterest Income | $3.7M | $3.0M | +20.9% | | Noninterest Expense | $13.9M | $11.2M | +24.0% | - Net interest margin for the six-month period was **3.38%** in 2021, up from **3.25%** in 2020[185](index=185&type=chunk) [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity through cash, unpledged securities, and FHLB borrowing capacity, with capital levels significantly exceeding regulatory requirements - At June 30, 2021, the Bank had access to **$177.9 million** in cash and unpledged available-for-sale securities, plus an additional **$51.0 million** in FHLB borrowing capacity[196](index=196&type=chunk) First Bank Richmond Capital Ratios as of June 30, 2021 | Ratio | Actual | To Be Well Capitalized | | :--- | :--- | :--- | | Total risk-based capital | 19.1% | 10.0% | | Tier 1 risk-based capital | 17.8% | 8.0% | | Common equity tier 1 capital | 17.8% | 6.5% | | Tier 1 leverage (core) capital | 13.7% | 5.0% | [Quantitative and Qualitative Disclosures about Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes in market risk disclosures were reported since the 2020 Annual Report on Form 10-K - No material changes in market risk disclosures were reported since the 2020 Form 10-K[209](index=209&type=chunk) [Controls and Procedures](index=55&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2021, with no material changes during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2021[210](index=210&type=chunk) [PART II OTHER INFORMATION](index=56&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=56&type=section&id=Item%201.%20Legal%20Proceedings) The company is not involved in any material pending legal proceedings beyond routine matters in the ordinary course of business - As of June 30, 2021, the company was not involved in any material legal proceedings[214](index=214&type=chunk) [Risk Factors](index=56&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020, were reported - No material changes in Risk Factors were reported since the 2020 Form 10-K[215](index=215&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=56&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details its common stock repurchase activity for Q2 2021, including the authorization of a third repurchase program Share Repurchases for Q2 2021 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2021 | 89,001 | $13.93 | | May 2021 | 116,534 | $13.92 | | June 2021 | 164,484 | $14.43 | | **Total Q2** | **370,019** | **$14.15** | - On May 19, 2021, the Board authorized a third stock repurchase program for up to **1,263,841 shares** (approx. **10%** of outstanding shares), which commenced on July 2, 2021[220](index=220&type=chunk) [Defaults Upon Senior Securities](index=56&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There is nothing to report regarding defaults upon senior securities [Mine Safety Disclosures](index=56&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company [Other Information](index=56&type=section&id=Item%205.%20Other%20Information) There is nothing to report under this item [Exhibits](index=57&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including company certifications and the Interactive Data File (XBRL) - Exhibits filed include CEO/CFO certifications (**31.1, 31.2, 32.0**) and the XBRL interactive data file (**101.0, 104**)[222](index=222&type=chunk)[223](index=223&type=chunk)