Richmond Mutual Bancorporation Management
Management criteria checks 4/4
Richmond Mutual Bancorporation's CEO is Garry Kleer, appointed in Jan 2006, has a tenure of 19.75 years. total yearly compensation is $728.33K, comprised of 67.3% salary and 32.7% bonuses, including company stock and options. directly owns 1.31% of the company’s shares, worth $1.82M. The average tenure of the management team and the board of directors is 6.3 years and 9.8 years respectively.
Key information
Garry Kleer
Chief executive officer
US$728.3k
Total compensation
| CEO salary percentage | 67.33% |
| CEO tenure | 19.8yrs |
| CEO ownership | 1.3% |
| Management average tenure | 6.3yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
Why We Think Richmond Mutual Bancorporation, Inc.'s (NASDAQ:RMBI) CEO Compensation Is Not Excessive At All
May 14
Richmond Mutual Bancorporation (NASDAQ:RMBI) Is Paying Out A Larger Dividend Than Last Year
Feb 21Richmond Mutual Bancorporation (NASDAQ:RMBI) Has Announced A Dividend Of $0.14
Nov 26Richmond Mutual Bancorporation (NASDAQ:RMBI) Has Announced A Dividend Of $0.14
May 21Do Richmond Mutual Bancorporation's (NASDAQ:RMBI) Earnings Warrant Your Attention?
Jul 25Richmond Mutual GAAP EPS of $0.31, revenue of $11.73M
Jul 22Richmond Mutual Bancorporation (NASDAQ:RMBI) Is Increasing Its Dividend To US$0.10
Feb 21Should You Buy Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) For Its Upcoming Dividend?
Feb 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | US$10m |
| Mar 31 2025 | n/a | n/a | US$9m |
| Dec 31 2024 | US$728k | US$490k | US$9m |
| Sep 30 2024 | n/a | n/a | US$9m |
| Jun 30 2024 | n/a | n/a | US$8m |
| Mar 31 2024 | n/a | n/a | US$9m |
| Dec 31 2023 | US$769k | US$479k | US$9m |
| Sep 30 2023 | n/a | n/a | US$11m |
| Jun 30 2023 | n/a | n/a | US$12m |
| Mar 31 2023 | n/a | n/a | US$13m |
| Dec 31 2022 | US$674k | US$461k | US$13m |
| Sep 30 2022 | n/a | n/a | US$12m |
| Jun 30 2022 | n/a | n/a | US$12m |
| Mar 31 2022 | n/a | n/a | US$12m |
| Dec 31 2021 | US$642k | US$443k | US$11m |
| Sep 30 2021 | n/a | n/a | US$11m |
| Jun 30 2021 | n/a | n/a | US$10m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$2m | US$422k | US$10m |
| Sep 30 2020 | n/a | n/a | -US$7m |
| Jun 30 2020 | n/a | n/a | -US$13m |
| Mar 31 2020 | n/a | n/a | -US$15m |
| Dec 31 2019 | US$512k | US$409k | -US$16m |
| Sep 30 2019 | n/a | n/a | -US$72k |
| Jun 30 2019 | n/a | n/a | US$5m |
| Mar 31 2019 | n/a | n/a | US$6m |
| Dec 31 2018 | US$474k | US$395k | US$6m |
Compensation vs Market: Garry's total compensation ($USD728.33K) is about average for companies of similar size in the US market ($USD611.00K).
Compensation vs Earnings: Garry's compensation has been consistent with company performance over the past year.
CEO
Garry Kleer (69 yo)
Mr. Garry D. Kleer serves as Chairman of the Board of First Bank Richmond since 2019 and First Mutual of Richmond-MHC (collectively, the “First Bank Richmond Entities”). He serves as Chairman at Richmond M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19.8yrs | US$728.33k | 1.31% $ 1.8m | |
| President & CEO of Mutual Federal Savings Bank | 9.8yrs | US$291.80k | 0.89% $ 1.2m | |
| President & COO of First Bank Richmond | 2.8yrs | US$303.32k | 0.49% $ 674.1k | |
| SVP & CFO | 2.4yrs | no data | 0.41% $ 574.9k | |
| Senior Vice President of Compliance | no data | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior VP | 12.5yrs | no data | no data | |
| Senior VP & Chief Wealth Management Officer | no data | no data | no data | |
| Senior VP & Retail Lending Manager of First Bank Richmond | no data | no data | no data | |
| Senior Vice President of Risk Management & Credit Review | 1.8yrs | no data | no data | |
| Senior VP & Leasing Manager | no data | no data | no data | |
| Senior VP & Commercial Lending Manager | no data | no data | no data |
Experienced Management: RMBI's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.8yrs | US$728.33k | 1.31% $ 1.8m | |
| Independent Director | 6.1yrs | US$49.40k | 0.63% $ 871.0k | |
| Independent Director | 32.8yrs | US$46.65k | 0.44% $ 613.6k | |
| Director Emeritus | 2.4yrs | US$30.27k | no data | |
| Independent Director | 9.8yrs | US$48.40k | 0.55% $ 770.3k | |
| Independent Director | 9.8yrs | US$47.35k | 0.64% $ 892.3k | |
| Independent Director | 7.8yrs | US$45.65k | 0.67% $ 929.0k |
Experienced Board: RMBI's board of directors are considered experienced (9.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 03:51 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Richmond Mutual Bancorporation, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.