# FIRST BANK RICHMOND
RICHMOND, IN · FDIC certificate 28533 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.55B | |
| Deposits | $1.15B | |
| Loans and leases | $1.22B | |
| Total equity | $136.4M | |
| Loans / deposits | 104.82% (p92 of band) | 87.10% |
| Liquid assets / assets | 18.21% (p38 of band) | |
| Uninsured deposits / deposits | 23.57% (p26 of band) | 30.76% |
| Brokered deposits | 17.09% | |
| Wholesale funding | 32.86% (p97 of band) | |
| FHLB advances / assets | 15.77% | |
| Tier 1 leverage | 10.90% (p58 of band) | 10.50% |
| Unrealized securities loss / equity | -32.26% (p8 of band) | -7.75% |
| AOCI / equity | -0.14% (p62 of band) | |
| ROA (annualized) | 0.72% (p16 of band) | 1.26% |
| Net interest margin | 3.19% (p22 of band) | 3.70% |
| Efficiency ratio | 69.12% (p77 of band) | |
| Noncurrent loans | 1.78% (p89 of band) | 0.51% |
| Net charge-offs (annualized) | 0.12% (p78 of band) | |
| Reserve coverage of noncurrent | 77.91% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 63.19% (p65 of band) | |
| Auto loans | $10.6M (0.87% of loans; DQ 1.57%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 4.8% | |
| Employees | 174 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **securities losses >30% of equity** (`cap_secloss`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | loans exceed deposits, wholesale funding >15%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 6 |  | expense ratio p90 |
| 2011-09 | 5 |  | loans exceed deposits |
| 2011-12 | 5 |  |  |
| 2012-03 | 6 | expense ratio p90, deposits shrinking | losing money |
| 2012-06 | 5 | uninsured deposits leaving | charge-offs p90, expense ratio p90 |
| 2012-09 | 3 |  | deposits shrinking, uninsured deposits leaving |
| 2012-12 | 4 | charge-offs p90 |  |
| 2013-03 | 3 |  | charge-offs p90 |
| 2013-06 | 5 | brokered >10%, charge-offs p90 |  |
| 2013-09 | 7 | capital falling, assets shrinking |  |
| 2013-12 | 6 |  | assets shrinking |
| 2014-03 | 4 |  | charge-offs p90, capital falling |
| 2014-06 | 4 | charge-offs p90 | brokered >10% |
| 2014-09 | 4 |  |  |
| 2014-12 | 6 | deposits shrinking, assets shrinking |  |
| 2015-03 | 4 |  | deposits shrinking, assets shrinking |
| 2015-06 | 4 |  |  |
| 2015-09 | 5 | capital falling |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 3 |  | charge-offs p90, capital falling |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | brokered >10%, uninsured deposits leaving | noncurrent p90 |
| 2016-12 | 3 |  | brokered >10% |
| 2017-03 | 2 |  | uninsured deposits leaving |
| 2017-06 | 2 |  |  |
| 2017-09 | 1 |  | reserve under noncurrent |
| 2017-12 | 4 | brokered >10%, charge-offs p90, construction >100% equity |  |
| 2018-03 | 5 | loans exceed deposits, capital falling | charge-offs p90 |
| 2018-06 | 3 |  | construction >100% equity, loans exceed deposits |
| 2018-09 | 3 | loans exceed deposits | capital falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 1 |  | brokered >10%, loans exceed deposits |
| 2019-09 | 2 | loans exceed deposits |  |
| 2019-12 | 4 | losing money, expense ratio p90 |  |
| 2020-03 | 3 | capital falling | losing money, expense ratio p90 |
| 2020-06 | 5 | brokered >10%, deposits shrinking, uninsured deposits leaving | loans exceed deposits |
| 2020-09 | 2 | loans exceed deposits | capital falling, brokered >10%, deposits shrinking, uninsured deposits leaving |
| 2020-12 | 2 |  |  |
| 2021-03 | 1 |  | loans exceed deposits |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | capital falling |
| 2022-06 | 4 | brokered >10%, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 5 | construction >100% equity |  |
| 2022-12 | 6 | capital falling |  |
| 2023-03 | 5 |  | AOCI drag >20% of equity |
| 2023-06 | 5 |  |  |
| 2023-09 | 5 |  |  |
| 2023-12 | 6 | loans exceed deposits |  |
| 2024-03 | 5 |  | capital falling |
| 2024-06 | 5 |  |  |
| 2024-09 | 5 |  |  |
| 2024-12 | 5 |  |  |
| 2025-03 | 4 |  | construction >100% equity |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 5 | reserve under noncurrent |  |
| 2026-03 | 5 |  |  |
| 2026-06 | 5 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-15 [First Bank Richmond, and The Farmers Bank Announce New Name - Indiana Chamber](https://news.google.com/rss/articles/CBMizwJBVV95cUxOeTlKekpEOUxaX19vSk54ZHBnOEkzaC1RQURRT3htN1FJSzNDeFRYOFlVcVRoMThaU2lVd3Q3Vms1MVpaNms5c012aUowa0hLNWkxbE40RzR1OTVzUDF4MGVJZ0JWZjB5Y0FIUzlWZHlPQnhxNk1tTmFIeGltbVo3cWtOY0hqZkdZd1hLZ3lrcEowaE9nYS1RVzFrUGhMVGl2TllHLWdhY0JDVUpZTXNyZlJ6dGVsZXBQYUdBTWFtblV5TFhlTElCQW1VeEhfd0RrSTMwNG93MWxXQS1KSWl0Z0ZZUnl2V2J1UTJIN1pZclpmR2J2MmZSbFJQYUVwVW1vX2RIWE1ZbWF6ekEyc1IzVWdaWUl5QWQ2aUZnUmN3Tk1ORlFlSVlqWG9FbUljNzgxZVVrbmFhbDA4dVBhb25rYlN0NUpvZC1qa2JNelN3bw?oc=5) · Indiana Chamber
- 2026-05-20 [Banks align under new name - Current Publishing](https://news.google.com/rss/articles/CBMid0FVX3lxTE82N3ctVW52ckMxSFpOUjJpZmZpVzRzYXJRdk9neUdCdWFFTDBRaS1PUUJKTWRJMmZXUkQtQkRVSUl0RlktblM2dTFacjRpekxqRXJ6ZS0xOFJtSVUxd2ZVSDZFZC1uOFctbWFpaF9INjVQX2ZWdG9n?oc=5) · Current Publishing
- 2026-05-08 [The Farmers Bank rebranding to First Bank Midwest - The Hamilton County Reporter](https://news.google.com/rss/articles/CBMihAFBVV95cUxOeEFQUjdnUFJkTGFlY08xRmM2ekZxbkM4dzFDZjJUbXJmNlhwbURJbks1UEdOeUh0U1lUQmhzeTdfNjI3RG5qVHBjOEs3M3dva2V4RzRWZGNuX09fdXdab2xYZ094TmlYY2h3eU00RG9ycU9MckxpTHBSM2xPblpwTGJYdFQ?oc=5) · The Hamilton County Reporter
- 2026-05-06 [Mutual Federal to change name, branding - Sidney Daily News](https://news.google.com/rss/articles/CBMiigFBVV95cUxPbjlLY3AwZkhIOF9ubXZMM2ZmYXphLWZ5SFNVN01GN013V3ZSTmtJSXk0RnlnNGZMNUxWbndXVUdIRnJEWU9LQXV4NlpNVFNrY1VxRHBOX0ZHRWprNHFUYzIxUzFOTW5kazZMTlQyMFBuWEhscjFqdWVsMjN0MUFOd24xeHJiUlJVZVE?oc=5) · Sidney Daily News
- 2026-05-05 [First Bank Richmond, The Farmers Bank reveal post-acquisition branding - Inside INdiana Business](https://news.google.com/rss/articles/CBMitwFBVV95cUxNRmpfMVdvMExwd1NLMG53ODdFajZ6TmpHSFRkNDhFUVNadFdVZFNieHJlQ2hmYkllQmY3TXdTNjdBeDVjSmFrVXdBeUtvZDgtbHZWNlh1elBKUVpmbzlnYnV2LXdoTTRvd2VzU2VRSnlYUmgyTmJyNFhlaG1XdXhGa1R3UWtEVEVqOTlyWmw1YmxXdFZoaGcwZ2Z2Z1FXbmR1NzVHZEpld3p1NE1QbW1BSG5ON2g5d1U?oc=5) · Inside INdiana Business
- 2026-07-01 [Richmond Mutual Bancorporation Completes Merger With The Farmers Bancorp - Pulse 2.0](https://news.google.com/rss/articles/CBMilwFBVV95cUxOUG50OVUtaERnQ2ktV2ZnbkRaZ05MZlpVVjZMdnpEQS04T2kzS2J3ZTZEclpCZ0VDTjRxQy13dVAxSEhzUXd6TktuUkgxVEFlTU5EejRFeW9rWXlaTVJtVG00N3R5aFk3UnpBVHNwSFdGTjZVRjNZWWx6dUxGN0oyQ2tQUTBBSlpva3NzaUc3RDU1a0xCeU0w0gGcAUFVX3lxTE8zME1HQUFRM0lVYVZVLXF0ZW03Um5CM2lJcE94eS1QT0JUdVZ5WWlQRmlTZjdFUHlkVFQ5RnZwZlp6RTN3WUlxUlctVzdRNDB6cXBRaWF6YW8tQU8zbXRIQlVrRDB3dmt4MG5DVHlISXpyaFN4Q0dFcWc4b0VjTl9zcWVRSTRvWU9kWlpQdWdFWmlYRmxVZ3JNc2tGVw?oc=5) · Pulse 2.0
- 2026-07-01 [RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES COMPLETION OF MERGER WITH THE FARMERS BANCORP, FRANKFORT, INDIANA - TradingView](https://news.google.com/rss/articles/CBMi_gFBVV95cUxPZXNrdlpmeE9aSVo2cDlvU2M5cEwyV2RiUHlfUEZYcHF2MHQ5dGV0dG5sb0Qzbktfb29tT01ROTBYQ3FMWlJDQ3YwRExUYUQyZzNlSF9oc0o2blcyT3lYNmxnNkk2V2ZQVHJSTzVHc0h0NUR0eFVGSDNrVWZIR2xuZDI4TnJiNVpQVHVmdXp0WU1FOTBSYzExandwSWlkOVllenp2Z04xdllLTEg0R3M0cUZTSnY2SWM4UV9UZVFKTWFWbEVwMGpnTmpvQXZPNDJCOEJMa3JNS2lVN3VNTXhxQmdKcjVnYzdaUnUtckZzV3FiYXBjcXhSa1lneTJrdw?oc=5) · TradingView
- 2025-12-19 [Richmond woman allegedly forges ex's name on loans to buy new home - pal-item.com](https://news.google.com/rss/articles/CBMiywFBVV95cUxPX3BBa3FMSGxiWWhLaHFra0ctRFZ6a1Q2WUtwbEVPSE93bWwxNVZJRHpQUWM2QjlHWXVBUEFGaFM0QmFNV0I2Mm1QT0g0clhTVFJ6TGpvR2pabDBHVF9XMUV4aTlWZDg2VWY0RFg0Y1BhSDhLT2dGZXdRNVhLOFJLZkcwNUoyU3FaZUhlWHY0ZzJVSXlKeFprczZ3bDBpN003ZVBBOHNlN2NyMUxPbUtYM3JvaXdJSUZocFZGZ0pNY0p4MG5YeVZYYzNfOA?oc=5) · pal-item.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28533 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/53.json (key "28533", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide