secwatch.observer — SEC 8-K summary
======================================

Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001628280-23-013653
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richmond Mutual Q1 net income $2.9M ($0.27 EPS); NIM narrows to 3.04% on rate headwinds
--------------------------------------------------------------------------------

- Net income $2.9M vs $3.3M in Q4 2022; diluted EPS $0.27 down 12.9% sequentially.
- Net interest income fell 6.2% to $9.9M; NIM compressed 29 bp to 3.04%.
- Adopted CECL, recording a one-time $3.8M after-tax reduction to retained earnings.
- Nonperforming loans improved to 0.86% of loans from 0.94% at Dec 31.
- Repurchased 98,553 shares at avg $11.68; deposits flat but brokered deposits up to 28.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000162828023013653/0001628280-23-013653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000162828023013653/rmbi-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013653

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer