Richmond Mutual Bancorporation Management
Management criteria checks 3/4
Richmond Mutual Bancorporation's CEO is Garry Kleer, appointed in Jan 2006, has a tenure of 18.17 years. total yearly compensation is $673.84K, comprised of 68.4% salary and 31.6% bonuses, including company stock and options. directly owns 1.2% of the company’s shares, worth $1.53M. The average tenure of the management team and the board of directors is 1.2 years and 8.2 years respectively.
Key information
Garry Kleer
Chief executive officer
US$673.8k
Total compensation
CEO salary percentage | 68.4% |
CEO tenure | 18.2yrs |
CEO ownership | 1.2% |
Management average tenure | 1.2yrs |
Board average tenure | 8.2yrs |
Recent management updates
Recent updates
Do 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 27Is Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Popular Amongst Insiders?
Jan 20If You Had Bought Richmond Mutual Bancorporation's (NASDAQ:RMBI) Shares A Year Ago You Would Be Down 11%
Dec 24Income Investors Should Know That Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Goes Ex-Dividend Soon
Nov 28Richmond Mutual declares $0.05 dividend
Nov 18CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | n/a | n/a | 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$6m |
Compensation vs Market: Garry's total compensation ($USD673.84K) is about average for companies of similar size in the US market ($USD661.05K).
Compensation vs Earnings: Garry's compensation has been consistent with company performance over the past year.
CEO
Garry Kleer (67 yo)
18.2yrs
Tenure
US$673,835
Compensation
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 | 18.2yrs | US$673.84k | 1.2% $ 1.5m | |
Executive VP & CFO (Leave of Absence) | less than a year | US$315.51k | 0.40% $ 509.1k | |
President & CEO of Mutual Federal Savings Bank | 8.2yrs | US$293.34k | 0.80% $ 1.0m | |
VP, Controller & Acting CFO and Principal Financial Officer | less than a year | no data | 0.14% $ 174.7k | |
Senior VP & Corporate Secretary of First Bank Richmond | no data | no data | no data | |
Senior VP | 10.9yrs | no data | no data | |
Senior VP | no data | no data | no data | |
Senior VP & Trust Officer of First Bank Richmond | no data | no data | no data | |
Senior Vice President of Operations & Retail Banking of First Bank Richmond | 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 | less than a year | no data | no data | |
President & COO of First Bank Richmond | 1.2yrs | no data | no data |
1.2yrs
Average Tenure
65.5yo
Average Age
Experienced Management: RMBI's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman | 22.2yrs | US$673.84k | 1.2% $ 1.5m | |
Independent Director | 4.5yrs | US$49.92k | 0.59% $ 754.3k | |
Independent Director | 31.2yrs | US$48.62k | 0.38% $ 481.6k | |
Director Emeritus | less than a year | US$54.37k | 0.56% $ 716.9k | |
Independent Director | 8.2yrs | US$49.87k | 0.52% $ 667.1k | |
Independent Director | 8.2yrs | US$48.72k | 0.60% $ 757.3k | |
Independent Director | 6.2yrs | US$47.37k | 0.63% $ 804.6k |
8.2yrs
Average Tenure
67yo
Average Age
Experienced Board: RMBI's board of directors are considered experienced (8.2 years average tenure).