Richmond Mutual Bancorporation, Inc.

NasdaqCM:RMBI Stock Report

Market Cap: US$127.2m

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 percentage68.4%
CEO tenure18.2yrs
CEO ownership1.2%
Management average tenure1.2yrs
Board average tenure8.2yrs

Recent management updates

Recent updates

Do Richmond Mutual Bancorporation's (NASDAQ:RMBI) Earnings Warrant Your Attention?

Jul 25
Do Richmond Mutual Bancorporation's (NASDAQ:RMBI) Earnings Warrant Your Attention?

Richmond Mutual GAAP EPS of $0.31, revenue of $11.73M

Jul 22

Richmond Mutual Bancorporation (NASDAQ:RMBI) Is Increasing Its Dividend To US$0.10

Feb 21
Richmond Mutual Bancorporation (NASDAQ:RMBI) Is Increasing Its Dividend To US$0.10

Should You Buy Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) For Its Upcoming Dividend?

Feb 27
Should You Buy Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) For Its Upcoming Dividend?

Is Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Popular Amongst Insiders?

Jan 20
Is Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Popular Amongst Insiders?

If You Had Bought Richmond Mutual Bancorporation's (NASDAQ:RMBI) Shares A Year Ago You Would Be Down 11%

Dec 24
If You Had Bought Richmond Mutual Bancorporation's (NASDAQ:RMBI) Shares A Year Ago You Would Be Down 11%

Income Investors Should Know That Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Goes Ex-Dividend Soon

Nov 28
Income Investors Should Know That Richmond Mutual Bancorporation, Inc. (NASDAQ:RMBI) Goes Ex-Dividend Soon

Richmond Mutual declares $0.05 dividend

Nov 18

CEO Compensation Analysis

How has Garry Kleer's remuneration changed compared to Richmond Mutual Bancorporation's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$9m

Sep 30 2023n/an/a

US$11m

Jun 30 2023n/an/a

US$12m

Mar 31 2023n/an/a

US$13m

Dec 31 2022US$674kUS$461k

US$13m

Sep 30 2022n/an/a

US$12m

Jun 30 2022n/an/a

US$12m

Mar 31 2022n/an/a

US$12m

Dec 31 2021US$642kUS$443k

US$11m

Sep 30 2021n/an/a

US$11m

Jun 30 2021n/an/a

US$10m

Mar 31 2021n/an/a

US$10m

Dec 31 2020US$2mUS$422k

US$10m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$13m

Mar 31 2020n/an/a

-US$15m

Dec 31 2019US$512kUS$409k

-US$16m

Sep 30 2019n/an/a

-US$72k

Jun 30 2019n/an/a

US$5m

Mar 31 2019n/an/a

US$6m

Dec 31 2018US$474kUS$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

NamePositionTenureCompensationOwnership
Garry Kleer
Chairman18.2yrsUS$673.84k1.2%
$ 1.5m
Donald Benziger
Executive VP & CFO (Leave of Absence)less than a yearUS$315.51k0.40%
$ 509.1k
Dean Weinert
President & CEO of Mutual Federal Savings Bank8.2yrsUS$293.34k0.80%
$ 1.0m
Bradley Glover
VP, Controller & Acting CFO and Principal Financial Officerless than a yearno data0.14%
$ 174.7k
Beth Brittenham
Senior VP & Corporate Secretary of First Bank Richmondno datano datano data
Albert Fullerton
Senior VP10.9yrsno datano data
Cathy Hays
Senior VPno datano datano data
Alan Spears
Senior VP & Trust Officer of First Bank Richmondno datano datano data
Robin Weinert
Senior Vice President of Operations & Retail Banking of First Bank Richmondno datano datano data
Pamela Stoops
Senior VP & Retail Lending Manager of First Bank Richmondno datano datano data
Niles Richards
Senior Vice President of Risk Management & Credit Reviewless than a yearno datano data
Paul Witte
President & COO of First Bank Richmond1.2yrsno datano 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

NamePositionTenureCompensationOwnership
Garry Kleer
Chairman22.2yrsUS$673.84k1.2%
$ 1.5m
Harold Hanley
Independent Director4.5yrsUS$49.92k0.59%
$ 754.3k
E. Blum
Independent Director31.2yrsUS$48.62k0.38%
$ 481.6k
Lindley Mann
Director Emeritusless than a yearUS$54.37k0.56%
$ 716.9k
Kathryn Girten
Independent Director8.2yrsUS$49.87k0.52%
$ 667.1k
M. Wetzel
Independent Director8.2yrsUS$48.72k0.60%
$ 757.3k
Jeffrey Jackson
Independent Director6.2yrsUS$47.37k0.63%
$ 804.6k

8.2yrs

Average Tenure

67yo

Average Age

Experienced Board: RMBI's board of directors are considered experienced (8.2 years average tenure).


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